Saudi Aramco

Aramco CEO: Stockpile Rebuild May Take Two Years

Aramco CEO Amin Nasser said replenishing global oil inventories could take up to two years after nearly 3 billion barrels of supply were lost since late February.

Aramco CEO Warns Global Oil Buffers Thin

Aramco CEO Amin Nasser said the oil supply cushion is "scarily thin" after nearly 3 billion barrels of regional supply were disrupted; rebuilding could take two years.

Oil Inventories Near Stress Levels As Iran War Drains Supplies, Execs Warn

The global oil market is burning through its remaining supply cushion as wars in the Middle East and Ukraine drain inventories and leave energy prices increasingly vulnerable.

Dow Weighs Sale of Stake in $20B Sadara Venture

Dow is reportedly weighing an exit from its $20 billion Sadara Chemical Co. venture with Saudi Aramco, with Aramco or other investors potentially interested in buying Dow’s roughly 35% stake, though no decision has been made. The move comes as Dow restructures its portfolio amid a downturn in the chemicals industry, and the news pushed Dow shares higher in premarket trading while Sadara remains a cornerstone of the Saudi petrochemical complex.

Houthis Claim Attacks on Saudi Targets Amid Offensive

Saudi air defenses intercepted Houthi missiles and drones aimed at the south, with debris from a missile damaging buildings and vehicles in Khamis Mushait. Authorities reported no casualties; the attacks came amid a broader escalation that included a strike on a power-distribution station in Madinah.

Houthi attacks on Saudi Arabia ignite fires at oil facilities and wound 73 people

DAVID BLACKMON: Reality Finally Returns To Energy Industry

Speaking at the opening day of the annual CERAWeek global energy industry gathering in Houston, Saudi Aramco CEO Amin Nasser declared plans for a government subsidized energy transition a failure, saying, “there is more…