Oil & Gas Aramco CEO Amin Nasser expects oil demand to hold ‘steady’ Saudi Aramco expects demand for oil to be higher this year than in 2024 and to hold “steady”, its CEO has said. Banks and international agencies have downgraded their forecasts for oil demand and prices in response to heightened trade tensions since April 2. But Aramco’s Amin Nasser said on an earnings call on Monday: […] May 13, 2025
Oil & Gas Aramco to post lower profit and may slash dividend National oil company Saudi Aramco is forecast to post lower first-quarter profit and may cut its 2025 dividend further as oil prices dip below its self-funding breakeven point, analysts have said. The world’s biggest oil company by production is likely to maintain its guidance for capital expenditure, however. Aramco is expected to post at least […] May 9, 2025
Oil & Gas Opec+ triples additional June barrels to deter quota-breaking Saudi Arabia and seven members of Opec+ will triple the volume of barrels they add to the market in June, as part of the kingdom’s new strategy to squeeze quota-busting members and boost market share, experts said. Saudi Arabia and seven other countries implementing voluntary cuts decided in an online May 3 meeting to add […] May 5, 2025
Oil & Gas Adnoc Gas rules out project delays and sticks to capex plan Adnoc Gas, a unit of Abu Dhabi National Oil Company (Adnoc), said it is ruling out project delays in its $15 billion, five-year capital expenditure plan, though two developments are still pending a final investment decision. Adnoc Gas plans to make a final investment decision (FID) around mid-year on its Rich Gas Development project, which […] May 5, 2025
