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The Latest Breaking News from Aramco

Asian Markets Enjoy Healthy Bounce After Wall St Rally

Asian markets enjoyed a much-needed bounce Tuesday after a dour start to the year, with traders tracking a rally on Wall Street fuelled by bargain-buying and a surge into sold-off tech giants.

International Business Times

Can You Predict The Winners Of The 2024 Dakar Rally? Join This Contest

Race to Win By Aramco is a new contest being rolled out by the organizers of the 2024 Dakar Rally. Prizes include an all-expenses paid trip to Dakar 2025, signed merch, and more.

RideApart

Biggest Women's Golf Stories 2023

From record-breakers to rule-breakers and the shining stars of the year, these are the stories that 2023 holds

Golf Monthly

From analysis to the latest developments in health,
read the most diverse news in one place.

New AlphaTauri name still under wraps as FIA publishes 2024 F1 entry list

Usually, the publication of the list is the first official chance to see any new names, but sometimes teams agree with the FIA to wait due to the requirements of sponsors.

Motorsport

Saudi registrants for COP28 included undeclared oil company employees, nonprofit says

At least 15 people who registered for Saudi Arabia’s delegation to the COP28 climate conference in Dubai appear to be undeclared employees of the Saudi state oil company, according to research by an environmental nonprofit

The Independent UK

50 Oil And Gas Companies Pledge To Cut Operational Emissions

Fifty oil and gas companies representing 40 percent of global production pledged to decarbonise their operations by 2050 at the UN's COP28 climate talks in Dubai on Saturday.

International Business Times

Oil-rich Saudi Arabia is shelling out for the world’s top sports, but can Mohammed bin Salman buy himself an auto industry?

With Hyundai and tire maker Pirelli setting up plants, the ruler has already struck key deals, but experts doubt the investments are self-sustaining.

Fortune

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Why The Proposed LPGA/LET Merger Is Surely A No-Brainer

Ahead of a vote to merge the leading women's golf tours, we believe approval is the best possible outcome

Golf Monthly

Oil, gas giants could pay climate damage and still profit: report

Major oil and gas companies such as Aramco, ExxonMobil and Shell could have paid for their share of the damage caused by climate change and still earned trillions of dollars in profit, researchers said on Thursday.

Radio France Internationale

McKinsey & Company pushes fossil fuel interests as advisor to UN climate talks, whistleblowers say

The world's top management consultancy McKinsey & Company is using its position as a key advisor to the UN's COP28 climate talks to push the interests of its big oil and gas clients, undermining efforts to end the use of the fossil fuels driving global warming, according to multiple sources…

France 24

Tight Global Supplies Boost Crude Prices

November WTI crude oil (CLX23 ) on Friday closed up +0.40 (+0.45%), and Nov RBOB gasoline (RBX23 ) closed down -5.62 (-2.19%). Nov WTI crude oil and gasoline prices on Friday settled mixed, with gasoline falling to a 2-week low. A rally in the dollar index today to a 6-1/2...

Barchart

Crude Prices Underpinned by Tight Global Supplies

November WTI crude oil (CLX23 ) this morning is up +0.81 (+0.90%), and Nov RBOB gasoline (RBX23 ) is down -1.29 (-0.50%). Nov WTI crude oil and gasoline prices this morning are mixed. A rally in the dollar index today to a 6-1/2 month high is bearish for energy prices....

Barchart

Crude Gives Up Early Gains as Stocks Tumble

November WTI crude oil (CLX23 ) on Thursday closed down -0.03 (-0.03%), and Nov RBOB gasoline (RBX23 ) closed down -0.26 (-0.10%). Nov WTI crude oil and gasoline prices on Thursday whipsawed throughout the day and finally settled with modest losses. An early rally in the dollar index (DXY00 )...

Barchart

Crude Gains After Russia Bans Gasoline and Diesel Exports

November WTI crude oil (CLX23 ) this morning is up +0.83 (+0.93%), and Nov RBOB gasoline (RBX23 ) is up +1.96 (+0.76%). Nov WTI crude oil and gasoline prices this morning shook off early losses and are moderately higher after Russia banned gasoline and diesel exports, further tightening global fuel...

Barchart

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Barchart

Crude Gives up Early Gains on a Hawkish Fed

October WTI crude oil (CLV23 ) on Wednesday closed down -0.92 (-1.01%), and Oct RBOB gasoline (RBV23 ) closed down -3.89 (-1.46%). Oct WTI crude oil and gasoline prices Wednesday gave up early gains and posted moderate losses after the Federal Reserve raised its estimate for interest rates next year,...

Barchart

Crude Prices Gain on a Bullish Weekly EIA Report

October WTI crude oil (CLV23 ) this morning is up +0.23 (+0.25%), and Oct RBOB gasoline (RBV23 ) is down -1.15 (-0.43%). Oct WTI crude oil prices this morning are mixed, with gasoline falling to a 1-week low. A weaker dollar today is supportive of energy prices. Also, crude prices...

Barchart

Crude Prices Post 10-1/2 Month High on Tight Supply Outlook But Then Fall Back

October WTI crude oil (CLV23 ) on Tuesday closed -0.28 (-0.31%), and Oct RBOB gasoline (RBV23 ) closed -3.98 (-1.48%). Oct WTI crude oil prices on Tuesday climbed to a new 10-1/2 month high on the nearest-futures chart, extending the rally seen in the past three months driven by expectations...

Barchart

Crude Prices Post 10-1/2 Month High on Tight Supply Outlook

October WTI crude oil (CLV23 ) today is up +1.45 (+1.59%), and Oct RBOB gasoline (RBV23 ) is down -0.0130 (-0.48%). Oct WTI crude oil prices today climbed to a new 10-1/2 month high on the nearest-futures chart, extending the rally seen in the past three months driven by expectations...

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Motor1

Stellantis Believes Combustion Engine Cars Will Be In Use Through 2050

The company still plans to be all electric in the next decade, but combustion cars sold today will live well into the future.

Autosport

Next generation Formula 2 car revealed at Monza

F2 series organisers say the new car, which will be raced in the 2024, 2025 and 2026 seasons, is as close to an F1 car as possible in terms of safety and accessibility.

StockNews.com

Energize Your Portfolio With These 3 Top Oil Stock Picks

With global energy demand rising and supply cuts from some of the world’s largest oil producers, the energy sector’s prospects are heating up. Therefore, three robust oil stocks, Cheniere Energy (LNG), Weatherford International (WFRD), and CVR Energy (CVI) could be wise additions to your portfolio now. Read more….

The Guardian - UK

‘It’s not a fad’: the truth behind Saudi Arabia’s dizzying investment in sport

From the star-studded Pro League to golf, F1 and cricket, the kingdom’s strategy is as cynically ambitious as it is controversial

Fortune

The world’s third-biggest company just saw its profits plummet 38%—but it still paid shareholders $19.5 billion in dividends

The company said boosting dividends was part of a “sustainable and progressive” approach to investor payouts.

The Guardian - UK

Saudi Aramco’s quarterly profits drop nearly 40% but it still rakes in $30bn

Decline in crude oil prices and less refining income trims revenues inflated in 2022 by Russian invasion of Ukraine

The Independent UK

Saudi Arabian oil giant Aramco reports $30B in Q2 profits, down nearly 40% from last year

Saudi Arabia’s state-run oil giant Aramco made $30 billion in profit in the second quarter, a nearly 40% decline from the same period the previous year

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