Thailand-Saudi Arabia Trade and Investment Expansion: PIF, ARAMCO, and SABIC Meet with Prime Minister
The Prime Minister discussed with leaders of major Saudi companies PIF, ARAMCO and SABIC, ready to expand trade and investment with Thailand in areas in which Saudi Arabia and Thailand have expertise, with ARAMCO ready to expand cooperation in energy with PTT, while PIF gave its support. Interested in Land Bridge? Today (21 Oct.) at […]
“The Battle between Fossil Fuel Sustainability and the Electrification of Transportation: Long-Term Forecasting for the Global Energy Mix”
Amid the trillions of dollars invested in renewable energy capacity, the share of oil and gas in the global energy mix has declined by just a few percentage points Predicting what an industry will look like 20 or more years from now has always been a challenge. There are always unforeseen factors that have the […]
The world’s largest oil company reports a record: annual profit of $161.1 billion for 2022.
Oil giant Saudi Aramco reported a record annual profit of $161.1 billion for 2022, up 46% from the previous year. This was due to higher energy prices, increased sales volumes and improved margins for refined products. Oil prices in 2022 rose on worries over the war in Ukraine, then fell on weaker demand from top […]
Saudi Aramco also records record profit thanks to high oil prices | Economy
Oil and gas group Saudi Aramco made a record profit of 161 billion dollars (more than 151 billion euros) last year. That is almost half more than the profit in 2021. The Saudi state oil company made a profit thanks to the rise in oil prices. The company was also able to lose more oil […]
Largest oil company in the world makes 90 percent more profit due to high oil prices | NOW
Saudi state oil company Saudi Aramco continues to benefit from high oil prices. The company made 90 percent more profit in the second quarter of this year than a year earlier. The company’s net profit in the second quarter amounted to 48.4 billion dollars (more than 47 billion euros). In the same period in 2021, […]
A referendum on the takeover of Lotos. Councilors want “pressure” on the government
– – The councilors of the Pomeranian regional council want a referendum on the merger of Orlen and Lotos. 123rf.com/arrowsmith2 – – – The councilors of the Pomeranian regional council propose a referendum on the merger of Orlen and Lotos. This is an idea of the councilors of the club “Dla Pomorza”, which include former […]
Saudi Aramco’s profile that turned Apple into the world’s most expensive company
Jakarta – Saudi Aramco became the most valuable company in the world and succeeded in displacing Apple, which previously occupied that position. The reason is because stocks and energy prices are rising, while stock sell-offs are taking place in several industries including technology. Aramco’s market cap was about $2.43 trillion on Wednesday (11/5), surpassing Apple […]
Change at the top: Apple loses status as the most valuable company in the world
Business change at the top Apple loses status as the world’s most valuable company – – Status: 01:44 a.m | Reading time: 2 minutes “The Fed had to react to inflation” – – With the interest rate hike, the Fed is trying to achieve a “soft landing”, believes Sam Stovall, chief strategist at CFRA Research. […]
Saudi Aramco Plant Bombed, Observer: World Oil Market Panic
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Liputan6.com, Jakarta Energy Observer and Executive Director of Energy Watch Mamit Setiawan, said that the fire Saudi Aramco oil refinery further adding to market concerns about global oil supplies amid the ongoing Russia-Ukraine conflict. “We can see the market is panicking so much that” world oil prices For Brent, it broke at USD 120 per […]
Saudi oil giant Aramco is considering selling $ 50 billion in shares
The plans for the sale were mentioned by the American newspaper The Wall Street Journal (WSJ), referring to its sources. Aramco is the most valuable oil company in the world, and if Riyadh enforces the plans, it will be the largest transaction of its kind. An Aramco spokesman declined to comment. – Sources claim that […]