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Rania El Gamal

Climate change could rain on Saudi Aramco's IPO parade

6:16am EDT

By Clara Denina , Sinead Cruise, Rania El Gamal and Simon Jessop

Houthi drone attack on Saudi oilfield causes gas fire, output unaffected

Aug 17 2019

DUBAI A drone attack launched by Yemen's Houthi group on an oilfield in eastern Saudi Arabia on Saturday caused a fire at a gas plant but had no impact on oil production, state-run oil company Saudi Aramco said.

Saudi Aramco aims to buy Reliance stake, reports lower earnings

Aug 12 2019

DUBAI/MUMBAI Saudi Aramco is planning a multibillion dollar investment in India's Reliance Industries as the energy giant diversifies its oil business, where weaker prices cut its first-half profit by 12%. | Video

UPDATE 3-Saudi Aramco aims to buy Reliance stake, reports 12% earnings slide

Aug 12 2019

DUBAI, Aug 12 Saudi Aramco is planning a blockbuster investment in Reliance Industries, the Indian firm announced on Monday, as the energy giant diversifies its business, where weaker oil prices pared its first-half profit by 12%.

UPDATE 1-Saudi Arabia plans to keep Aug-Sept oil exports below 7 mln bpd - official

Aug 08 2019

DUBAI, Aug 8 Saudi Arabia plans to keep its crude oil exports below 7 million barrels per day in August and September despite strong demand from customers, to help drain global oil inventories and bring the market back to balance, a Saudi oil official said.

UAE's ADNOC acquires stake in VTTI oil storage business

Aug 07 2019

DUBAI Abu Dhabi National Oil Co (ADNOC) said on Wednesday it will acquire a stake in VTTI, a Vitol-backed global energy storage company, as part of the state-run UAE energy firm's transformation drive and its expansion into oil trading.

Old habits die hard: Saudi Arabia struggles to end oil addiction

Jul 25 2019

DUBAI When Saudi Aramco was on the verge of a deal last year to buy a stake in an Indian oil refinery, its boss quickly boarded a company jet in Paris and flew to New Delhi.

Global oil market in glut, but not a big enough one for OPEC

Jul 24 2019

LONDON/DUBAI OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts, while analysts warn the move will offer a distorted view of market conditions.

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