Browsing: Saudi Aramco

The state-owned oil giant Saudi Aramco reported a 25% increase in first-quarter net profit for 2026, supported by stronger oil prices compared to the same period last year.

Iranian drones struck Saudi Arabia’s Ras Tanura refinery on Monday morning, while Kuwait reported intercepted attacks on day three of Iran’s retaliatory strikes on countries in the region.

Saudi Aramco’s Profit Falls by 22% on Lower Oil Prices Saudi Aramco reported a 22% decline in net profit for…

As Saudi Arabia continues to voluntarily reduce production volume as an important member of the Organisation of Petroleum Exporting Countries and allies, Aramco, its national oil company has reported a steep decline in profitability.

Even before the pandemic, the oil and gas industry was faced with slumping prices.

Brent oil price jumped 1.47% after reports that 10 explosives-laden drones