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Saudi Aramco News

Aramco's Fadhili project will boost the plant’s processing capacity by 60% by November 2027

Chinese refiners ask for less Saudi oil despite price cut

Chinese refiners have lowered orders for Saudi crude oil for February despite Saudi Aramco’s biggest price cut in 13 months. About 38.5 million barrels were nominated by Chinese refiners for February loading, down slightly from about 40 million barrels for January, Reuters reported, citing trading sources. State-owned Saudi Aramco has cut the official selling price […]

Saudi Crown Prince Mohammed bin Salman meets Thailand's then Prime Minister Prayut Chan-o-cha in November 2022, during the APEC summit in Bangkok

Healthcare, hydrogen and more: Saudi-Thai deals in sight

Saudi Arabia and Thailand are strengthening economic ties with prospective deals in healthcare, hydrogen and agriculture after patching up a longstanding diplomatic spat. The two nations reached a rapprochement in January 2022, more than three decades after a dispute over a 1989 jewellery heist known as the Blue Diamond Affair.  “The economic opportunities from cooperation […]

Saudi Aramco employees on site. Indian Oil and Bharat Petroleum plan to import an additional one million bpd each from Saudi Aramco

Indian refiners seek more Saudi oil after price cut

Two Indian state refiners plan to increase crude imports from Saudi Arabia after Saudi Aramco cut the official selling price (OSP) for its flagship crude for February. Indian Oil Corporation (IOC) and Bharat Petroleum Corporation are exploring the option of importing an additional one million barrels of oil each from Saudi Aramco next month, Reuters […]

Sipchem HQ Saudi Aramco price rises

Costs blow for Saudi firms after Aramco price rises

Production costs for companies in Saudi Arabia could increase by more than 3 percent after price rises announced by Saudi Aramco. Businesses have been given notice of the price increase for Aramco’s feedstock and fuel products, which came into effect from the start of this month. Aramco increased retail diesel prices for 2024 by 53 […]

Head, Person, Face

From sports to oil cuts: Saudi Arabia’s year in review

As the curtain comes down on 2023 and Saudi Arabia moves closer to its Vision 2030 deadline, AGBI looks back at the highlights and notable events of the past twelve months in the kingdom. Saudi Arabia wins hosting rights for major events  Saudi Arabia’s drive to draw global attention to its development efforts scored important […]

Saudi Aramco employees on site. Indian Oil and Bharat Petroleum plan to import an additional one million bpd each from Saudi Aramco

The big deals that shaped oil and gas in 2023

Throughout 2023, Gulf states sought to ramp up their potential production output, even as thoughts turned to Cop28 and an eventual transition away from hydrocarbons. As the year draws to a close, AGBI looks at some of the biggest deals in the regional oil and gas sector in 2023 Jafurah Basin In Saudi Arabia, Saudi […]