Saudi Aramco

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Saudi Aramco - Total results - 90
Oil prices surge after attack on storage site in Saudi Arabia; Brent crude crosses $70
World

Oil prices surge after attack on storage site in Saudi Arabia; Brent crude crosses $70

The Saudi Press Agency quoted an anonymous official in the Ministry of Energy as saying that a drone struck an oil storage site in Ras Tunura. The strike did not cause any damage, it claimed.

Blast strikes Singapore-flagged tanker off Saudi port city of Jeddah; no one injured
World

Blast strikes Singapore-flagged tanker off Saudi port city of Jeddah; no one injured

Singapore-based shipping company Hafnia said the blast struck the tanker BW Rhine just after midnight. Hafnia reported 'hull damage' and did not exclude the possibility of an oil spill.

RIL AGM 2020: Google to pick up 7.7% stake in Jio; Saudi Aramco deal on hold due to pandemic, says Mukesh Ambani
India

RIL AGM 2020: Google to pick up 7.7% stake in Jio; Saudi Aramco deal on hold due to pandemic, says Mukesh Ambani

With Google coming on board, Reliance has completed its target of capital raising for Jio Platforms, Ambani said.

Shareholders to pay 25% for subscribing to Reliance Industries Rs 53,125 cr right issue now, balance next year
Business

Shareholders to pay 25% for subscribing to Reliance Industries Rs 53,125 cr right issue now, balance next year

Oil-to-telecom conglomerate's Reliance Industries rights issue will open for subscription of shareholders on 20 May and will close on 3 June. One share will be offered for every 15 shares held at Rs 1,257.

Reliance Industries' Rs 53,125-cr rights issue to open for subscription on 20 May, close 3 June
Business

Reliance Industries' Rs 53,125-cr rights issue to open for subscription on 20 May, close 3 June

Reliance had earlier fixed 14 May as the record date for determining shareholders' eligible to apply for the issue.

Saudi Aramco first-quarter profit falls 25%, below analyst estimates; hurt by lower crude oil prices as coronavirus slashed demand
Business

Saudi Aramco first-quarter profit falls 25%, below analyst estimates; hurt by lower crude oil prices as coronavirus slashed demand

Saudi Arabian state oil giant Aramco (2222.SE) on Tuesday reported a 25 percent fall in first-quarter net profit, below analyst estimates, hurt by lower crude oil prices as the coronavirus slashed demand

Silver Lake to invest in Reliance Jio: RIL is systematically bringing down debt getting strategic partners, says Edelweiss
Business

Silver Lake to invest in Reliance Jio: RIL is systematically bringing down debt getting strategic partners, says Edelweiss

Reliance Industries today said that private equity firm Silver Lake will invest Rs 5,655.75 crore in Reliance Jio Platforms, giving the technology subsidiary an equity value of Rs 4.9 lakh crore.

Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco
Business

Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco

Reliance Industries Ltd (RIL), India's largest company, on Thursday said its board has approved hiving off its $75 billion worth oil-to-chemicals business into a separate division to enable the sale of 20 percent stake in the unit to Saudi national oil company Aramco

S&P affirms BBB plus rating of Reliance Industries on disciplined spending, resilient earnings
Business

S&P affirms BBB plus rating of Reliance Industries on disciplined spending, resilient earnings

Rating agency S&P Global has affirmed its 'BBB+' rating with a stable outlook on Reliance Industries (RIL), saying the company's leverage is poised to improve and stabilise over the next 12-24 months owing to disciplined spending, asset monetisation, and resilient earnings

Facebook buys 9.9% stake in Reliance Jio: What does Mark Zuckerberg-led social media giant gain from it?
Business

Facebook buys 9.9% stake in Reliance Jio: What does Mark Zuckerberg-led social media giant gain from it?

Facebook has bought a 9.9 percent stake in Reliance Jio for $5.7 billion (Rs 43,574 crore), the telecom unit of Reliance Industries Ltd (RIL

Saudi Aramco in talks with banks to borrow about $10 billion for acquisition of 70% stake in SABIC: Report
Business

Saudi Aramco in talks with banks to borrow about $10 billion for acquisition of 70% stake in SABIC: Report

Aramco agreed last year to buy the controlling stake in SABIC from the kingdom’s wealth fund for $69.1 billion, sealing one of the biggest-ever deals in the global chemical industry.

Oil prices jump over $1 as recent sharp falls draw investors; US says it will take advantage of low crude rates to fill strategic reserve
Business

Oil prices jump over $1 as recent sharp falls draw investors; US says it will take advantage of low crude rates to fill strategic reserve

Amid heavy demand loss from the global spread of the virus that causes COVID-19, Saudi Arabia and Russia started a price war after failing to agree to extend their pact to cut output to support the market.

Russia, Saudi Arabia play 'who-blinks-first' over crude price; scramble over market share gives Indian oil firms 'additional bargaining power'
Business

Russia, Saudi Arabia play 'who-blinks-first' over crude price; scramble over market share gives Indian oil firms 'additional bargaining power'

The exacting decision by Riyadh to spike production was triggered by the failure on Friday to strike a deal with Russia on a new round of OPEC+ production cuts to arrest swooning oil prices owing to the novel coronavirus.

Saudi Aramco reports increase in cyber attack attempts, foresees the trend will continue
News & Analysis

Saudi Aramco reports increase in cyber attack attempts, foresees the trend will continue

The pattern of cyber attacks was cyclical and increasing in magnitude, said the oil giant's IT security chief.

India's oil demand growth set to overtake China by mid-2020, says International Energy Agency
Business

India's oil demand growth set to overtake China by mid-2020, says International Energy Agency

India’s oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making it more vulnerable to supply disruption in the Middle East, the International Energy Agency (IEA) said on Friday

Sensex opens over 150 points higher at 40,562, Nifty rises 47 points to 11,957; Yes Bank top gainer with over 4% jump
Business

Sensex opens over 150 points higher at 40,562, Nifty rises 47 points to 11,957; Yes Bank top gainer with over 4% jump

Yes Bank was the top gainer in the Sensex pack rallying up to 4.32 percent, followed by Tata Motors, Tata Steel, Vedanta, IndusInd Bank, Hero MotoCorp, SBI and Sun Pharma

Boost for Saudi Arabia as Aramco shares surge 10% on Riyadh stock market debut; energy major closes in on $2 tn valuation
Business

Boost for Saudi Arabia as Aramco shares surge 10% on Riyadh stock market debut; energy major closes in on $2 tn valuation

Aramco shares began trading half an hour after the market open as the Saudi bourse allowed extra time for the “opening auction” period when investors place their bids, in anticipation of high levels of activity.

Saudi Aramco raises $25.6 bn in largest-ever IPO; market launch puts oil behemoth's value at $1.7 tn
Business

Saudi Aramco raises $25.6 bn in largest-ever IPO; market launch puts oil behemoth's value at $1.7 tn

Aramco will begin trading three billion shares on the country's Tadawul stock exchange 12 December at a starting price of 32 riyals ($8.53), the sources said.

BPCL, Air India privatisation: Govt to go ahead with disinvestment of PSUs despite opposition, protests
Business

BPCL, Air India privatisation: Govt to go ahead with disinvestment of PSUs despite opposition, protests

Air India is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.