The Saudi state directly or indirectly owns almost 98 per cent of the shares in energy company Aramco, which earlier this year became a major sponsor of FIFA in a deal worth a reported 400 million US ...

Russia is considering merging state-owned Rosneft and Gazprom Neft with private Lukoil to create the world's second-largest oil company, potentially bolstering its position amidst sanctions and ...

Saudi Arabia's crude oil supply to China is set to fall to about 36.5 million barrels in December, trade sources said on Monday, on weak demand from the world's largest importer.

Oil futures finished lower on Friday, with China's latest round of stimulus measures failing to lift expectations for energy demand in the face of President-elect Donald Trump's support for more U.S.

The U.N. Climate Change Conference, or COP29, starts as the world’s nations have failed to deliver on the central pledge of ...

Russia is seeking to merge three major oil companies in a bid to create the world’s second-biggest crude oil producer, ...

Russia is working on a plan to merge Rosneft (RNFTF) with Gazprom Neft and Lukoil (LUKOY), the Wall Street Journal reported ...

The kingdom is looking to companies overseas to help it meet its AI ambitions at home after years of investing billions of ...

The Zuluf oil incremental project is crucial to Aramco’s ambition to maintain its 12 million bpd production capacity ...

Oil prices - a catalyst for the Gulf's financial markets - traded in a narrow range ahead of what is expected to be an ...

Saudi Aramco, the Saudi Arabian national petroleum and natural gas company, reported a net income of $27.56bn for Q3 2024, a decrease of 15.4% from $32.58bn in the same period last year. The Q3 2024 ...

The company said, “During the quarter ... reaching SAR 109 billion ($29 billion) in 2026, according to Saudi Arabia’s 2024 ...