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Posted 26/09/2024

Saudi Arabia to Abandon $100 Barrel Price Target in Favor of Increased Output

Saudi Arabia is reportedly willing to abandon its unofficial price target of $100 a...

Posted 05/07/2024

Saudi Aramco Cuts Oil Prices for Asian Market Amid Demand Weakness

Saudi Aramco, the world's largest crude exporter, has implemented a price reduction for all...

Posted 14/06/2024

Saudi Arabia Opts Out of 50-Year Petrodollar Deal with US, Paving the Way for Diversified Currency Usage

Saudi Arabia has made the strategic decision to not renew its long-standing 50-year petrodollar...

Posted 22/04/2024

Aramco in Talks to Acquire 10% Stake in China’s Hengli Group’s Petrochemical Arm

Saudi Aramco, a leading global energy and chemicals company, is currently in discussions with...

Posted 11/03/2024

Saudi Aramco Reports 25% Drop in 2023 Earnings from Lower Oil Prices and Volume Sold

Saudi Arabia’s state-owned enterprise Aramco announced a $121 billion of profit in 2023, a...

Posted 30/01/2024

Riyadh Orders Aramco to Halt Plans to Increase Maximum Crude Production

Saudi Arabia’s state-owned enterprise Aramco has announced that it will be halting its plan...

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