[Earnings Preview] Aramco Projected to Bleed in Q3 Amid Significant Drop in Crude Oil Prices
Aramco's revenue and profit are projected to decline QoQ and YoY due to weak crude oil prices. OPEC supply quotas restrict output increases, making...
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[Earnings Review] Saudi Aramco’s Earnings Dip as Lower Output and Refining Margins Bite
Aramco's Q2 revenue rose 5% YoY but earnings fell 3.4% due to lower production and refining margins. Dividends were declared at USD 31.1 billion...
216 Views
[ETP 2024/46] WTI Drops on Strong Dollar, Henry Hub Gains on Lower Output and Better Demand Outlook
US crude inventories rose more than expected, while gasoline and distillate stocks fell; nat-gas stocks also exceeded analyst expectations....
177 Views
Saudi Aramco and China’s Rongsheng Plan Closer Tie-up
Saudi Aramco and its Chinese partner Rongsheng Petrochemical Co. Ltd. have agreed to deepen their tie-up further by taking a stake in each other’s...
433 Views
Global O&G Firms' Credit Quality Improves on Tighter Oil Markets
Oil spot prices have gained at a relatively stable pace since the start of 2024, with crude prices rising close to 19% year to date. Robust demand...
229 Views