Edition:
United States

Rania El Gamal

Aramco in talks to buy stake in refining business of India's Reliance

Apr 17 2019

DUBAI/NEW DELHI Saudi Aramco, the world's biggest oil producer, is in talks to buy a stake of at least 20 percent in the refining and petrochemicals businesses of India's Reliance Industries Ltd, sources familiar with the matter said on Wednesday. State-owned Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen the risk of a slowdown in oil demand.

OPEC could raise oil output if prices increase, shortages mount: sources

Apr 11 2019

DUBAI/LONDON/MOSCOW OPEC could raise oil output from July if Venezuelan and Iranian supply drops further and prices keep rallying, because extending production cuts with Russia and other allies could overtighten the market, sources familiar with the matter said.

OPEC may raise oil output if prices increase, shortages mount - sources

Apr 11 2019

DUBAI/LONDON/MOSCOW, April 11 OPEC may raise oil output from July if Venezuelan and Iranian supply drops further and prices keep rallying, because extending production cuts with Russia and other allies could overtighten the market, sources familiar with the matter said.

Aramco sells $12 billion bonds out of record $100 billion demand

Apr 09 2019

DUBAI Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant which has faced investor concerns about government influence over the company. | Video

Investors flock to Saudi Aramco's debut international bond

Apr 08 2019

RIYADH/DUBAI Saudi Aramco has received bids for more than three times the $10 billion it was expected to raise in a debut international bond issue, which is being watched as a gauge of potential investor interest in the oil company's eventual initial public offering.

Saudi Arabia says May will be key to decide on extending oil supply cuts

Apr 08 2019

RIYADH The Saudi energy minister on Monday said it was premature to say whether a consensus existed among OPEC and its allies to extend oil supply cuts but a meeting next month would be key.

RPT-EXCLUSIVE-Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC' - sources

Apr 08 2019

LONDON/DUBAI, April 5 Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Saudi energy policy said.

Exclusive: Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC' - sources

Apr 05 2019

LONDON/DUBAI Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Saudi energy policy said.

Saudi-Arabien zeigt USA im Streit über Opec-Kartell die Zähne

Apr 05 2019

London/Dubai Im Streit über die Ölpreise zeigt Saudi-Arabien den USA die Zähne: Das Königreich droht damit, Geschäfte mit dem Rohstoff nicht mehr in Dollar abzuwickeln.

World News