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Saudi Aramco is trying to boost crude exports via Yanbu to offset the Strait of Hormuz disruption. File | Photo Credit: Reuters Saudi Aramco, the world’s top oil exporter, has cut crude supply to Asian buyers for a second month in April, two sources with knowledge of the matter said on Monday (March 23, 2026),…
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Riyadh: Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices. The fall in net income to $27.56 billion this year from $32.58 billion in 2023 “was mainly due to the impact of lower crude oil prices and weakening refining margins”, the firm said in…
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Saudi Aramco, Coal India and Gazprom did not immediately respond to requests for comment. | Photo Credit: AP “The vast majority of planet-warming carbondioxide emissions since 2016 can be traced to a group of just 57 fossil fuels and cement producers,” researchers said on April 4. “From 2016 to 2022, the 57 entities including nation-states,…
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