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Energy Giant Saudi Aramco Records 15% Profit Drop, Cites Low Oil Prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.
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Oil Prices Rise Amid Political Uncertainty After Iran President's Death
Oil prices extended gains on Monday amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and Saudi Arabia's crown prince cancelled a trip to Japan, citing issues with the king's health.
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Oil Climbs As Chances Of Gaza Truce Talks Appear Slim, Saudi Hikes Prices
Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil-producing region.
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Saudi And Russia Extend Oil Cuts Through December
Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, sending the price of Brent crude to a 10-month high.
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War Of Words That Rocked US-Saudi Rapport Cools As Oil Steadies
The US and Saudi Arabia are looking beyond last year's oil spat to focus on billions of dollars-worth of defense and aviation deals and potential nuclear cooperation.
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Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
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Why Saudi Arabia Rebuffed Biden's Pleas for More Oil
The US has accused Saudi Arabia of siding with Russia after it led OPEC+ in a shock decision to slash crude output, keeping oil prices high at a time of global concern about inflation.
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Russia Undercuts Saudi Oil In India As Competition Heats Up
A fierce battle is brewing in India where Russia has undercut the price of oil from its OPEC+ ally Saudi Arabia, paving the way for Moscow to expand market share in one of the biggest crude importers.
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Oil Rises 2% As No Immediate Saudi Output Boost Expected
Oil gained 2.5% after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production.
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Oil Settles Shy Of $120 A Barrel On OPEC+ Deal, Saudi Pricing
Saudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to Asia by $2.10 from June to a $6.50 premium over Oman/Dubai quotes, just off an all-time peak recorded in May
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Oil Rises 1 Per Cent As U.S. Crude Drawdown Overshadows OPEC+ Boost
Oil prices fell earlier on Thursday as Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President Joe Biden.
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Biden's U-Turn On Saudi Arabia: Ready To Deal With Dictators? | Hot Mic with Nidhi Razdan
Hot Mic with Nidhi Razdan: When he was campaigning for president, Joe Biden said Saudi Arabia should be made a pariah for its human rights record. Now, in a dramatic turnaround, he is going out of his way to repair that relationship.
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Saudi Arabia Hikes July Crude Prices Surprisingly High For Asia Buyers
Saudi Arabia raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.
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Saudi Aramco Dethrones Apple As World's Most Valuable Company: Report
Saudi Aramco on Wednesday dethroned Apple as the world's most valuable company as surging oil prices drove up shares and tech stocks slumped.
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Putin, Saudi Crown Prince Upbeat On OPEC+, Kremlin Says Of Call
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman gave a "positive assessment" to their cooperation on the OPEC+ producers group to stabilize the world oil market, the Kremlin said in statement.
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Energy Giant Saudi Aramco Records 15% Profit Drop, Cites Low Oil Prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.
-
Oil Prices Rise Amid Political Uncertainty After Iran President's Death
Oil prices extended gains on Monday amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and Saudi Arabia's crown prince cancelled a trip to Japan, citing issues with the king's health.
-
Oil Climbs As Chances Of Gaza Truce Talks Appear Slim, Saudi Hikes Prices
Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil-producing region.
-
Saudi And Russia Extend Oil Cuts Through December
Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, sending the price of Brent crude to a 10-month high.
-
War Of Words That Rocked US-Saudi Rapport Cools As Oil Steadies
The US and Saudi Arabia are looking beyond last year's oil spat to focus on billions of dollars-worth of defense and aviation deals and potential nuclear cooperation.
-
Saudi Arabia Announces Fresh Output Cut To Boost Oil Price
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
-
Why Saudi Arabia Rebuffed Biden's Pleas for More Oil
The US has accused Saudi Arabia of siding with Russia after it led OPEC+ in a shock decision to slash crude output, keeping oil prices high at a time of global concern about inflation.
-
Russia Undercuts Saudi Oil In India As Competition Heats Up
A fierce battle is brewing in India where Russia has undercut the price of oil from its OPEC+ ally Saudi Arabia, paving the way for Moscow to expand market share in one of the biggest crude importers.
-
Oil Rises 2% As No Immediate Saudi Output Boost Expected
Oil gained 2.5% after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production.
-
Oil Settles Shy Of $120 A Barrel On OPEC+ Deal, Saudi Pricing
Saudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to Asia by $2.10 from June to a $6.50 premium over Oman/Dubai quotes, just off an all-time peak recorded in May
-
Oil Rises 1 Per Cent As U.S. Crude Drawdown Overshadows OPEC+ Boost
Oil prices fell earlier on Thursday as Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President Joe Biden.
-
Biden's U-Turn On Saudi Arabia: Ready To Deal With Dictators? | Hot Mic with Nidhi Razdan
Hot Mic with Nidhi Razdan: When he was campaigning for president, Joe Biden said Saudi Arabia should be made a pariah for its human rights record. Now, in a dramatic turnaround, he is going out of his way to repair that relationship.
-
Saudi Arabia Hikes July Crude Prices Surprisingly High For Asia Buyers
Saudi Arabia raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.
-
Saudi Aramco Dethrones Apple As World's Most Valuable Company: Report
Saudi Aramco on Wednesday dethroned Apple as the world's most valuable company as surging oil prices drove up shares and tech stocks slumped.
-
Putin, Saudi Crown Prince Upbeat On OPEC+, Kremlin Says Of Call
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman gave a "positive assessment" to their cooperation on the OPEC+ producers group to stabilize the world oil market, the Kremlin said in statement.
