Aramco

Saudi Arabia privately warned Tehran that ongoing Iranian strikes on Gulf energy infrastructure could force Riyadh to grant U.S. forces access to Saudi military bases. Riyadh Draws A Red Line Reuters, citing sources, said Saudi Foreign Minister Prince Faisal bin Farhan delivered the ultimatum...

A widening supply shock propelled crude oil 35% higher in a week, pushing prices above $90 a barrel, as the Strait of Hormuz closed, drone strikes crippled Saudi oilfields, and a wave of force majeure declarations rippled through global energy markets. This is the result of escalating tensions...

In a significant move, Saudi Aramco has announced an $11.2 billion stock sale, marking the largest global offering in three years. The proceeds will be channeled into Saudi Arabia’s ambitious economic overhaul. What Happened: The Saudi government is set to sell nearly 1.55 billion shares at...

Tellurian Inc. (AMEX:TELL) shares are trading higher Tuesday amid reports that the company is in talks  with Saudi Aramco and Woodside Energy Group Ltd.to invest in its liquefied natural gas export project in Louisiana.   The Details: According to a Bloomberg report, sources familiar...

After a sluggish close to 2023, oil prices are creeping higher in 2024 in response to the risks of an escalation of hostilities in the Middle East and Red Sea — crucial oil production and transportation regions. So far in 2024, Nymex WTI, the benchmark for U.S. crude oil prices, is up nearly 8% at...

In a development that could have wider implications for the oil market, Saudi Arabia's state-owned Aramco has suspended its plan to boost its maximum crude production capacity. The decision comes against the backdrop of a shifting global landscape, with increasing concerns about the...

Saudi Arabia's plans to list more shares of Aramco, the world's most valuable oil company, have resurfaced.  The kingdom is reportedly considering selling up to $50 billion worth of shares, which could be the largest offering in capital market history.  Saudi Arabia has...

Tesla Inc (NASDAQ: TSLA) is among a list of companies that have been criticized by some big institutional investors for failing to disclose their environmental footprints through global reporting standards, Bloomberg News reported.  What Happened: Some institutional...

A clean energy company with a unique software solution is going public via a SPAC merger announced Thursday morning.  The SPAC Deal: Energy Vault is going public with Novus Capital Corporation II (NYSE: NXU) in a deal valuing the company at a pro-forma enterprise value of $1.1 billion....

California-based Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) on Tuesday became the fourth publicly traded United States company to reach $1-trillion market capitalization. Alphabet Joins Apple, Amazon The Google parent company joined fellow tech giants Apple Inc. (NASDAQ: AAPL), which crossed the...

Good day, Amid skepticism on the market value of Saudi Arabia's state-owned oil company Aramco, the oil giant's stock market debut on Dec. 11 was nothing short of spectacular, soaring to its 10% daily limit — a figure fixed by the controls governing first-day trading at the Saudi stock exchange....

Saudi Arabia wants fellow OPEC members to extend an agreement to lower oil production when the group meets on Dec. 5 and 6. What Saudi Arabia Wants OPEC and other oil rich countries agreed to lower their combined oil output by 1.2 million barrels a day through the end of March 2020. But the Saudi...

This weekend's Barron's cover story focuses on an industrial company that is going digital. Other featured articles discuss blue chips that ought to pay a dividend and bank stocks for value investors. Also, the prospects for a rebounding truck maker, a high-profile IPO, a ride-sharing...

On Monday, General Electric Company (NYSE: GE) announced its plan to invest in Saudi Arabia’s non-oil related sectors shortly after the Saudi government’s announcement of its plan to overhaul the oil-dependent economy. The Wall Street Journal’s Nicolas Parasie wrote how GE will...