Browsing Tag
Yanbu
3 posts
Aramco CEO says 6.7 million barrels a day lost as Hormuz shutdown surpasses every prior Gulf energy crisis
Saudi Aramco CEO Amin Nasser warns of catastrophic consequences for global oil markets as the Strait of Hormuz crisis deepens. Read our full analysis.
Oil crosses $90 as Gulf states run out of storage: Kuwait cuts, Qatar declares force majeure
Brent crude hit $92.69 and WTI closed at $90.90 as the Strait of Hormuz closure forced Kuwait output cuts and Qatar to warn of $150 oil within weeks.
Aramco, Sinopec sign framework pact to expand Yasref into major petrochemical hub
Aramco and Sinopec unveil major petrochemical expansion plans at Yasref, marking a new phase in Saudi-China energy ties. Read how this shapes the sector.