[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...
168 Views
[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 2024/47] WTI Rises on Ukraine-Russia Tensions; Henry Hub Jumps on Cold Weather Forecasts
US crude and gasoline inventories increased more than expected. Exxon's PT increased while Halliburton's was lowered. Aramco and Sinopec started...
223 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...
434 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