Energy

OPEC+ Hits Pause as Fight Over 2027 Quotas Takes Shape

The December freeze changes little while Gulf producers pump below target. The real contest is over next year's baselines.

Aramco Keeps Oil Exports Near Wartime High Despite Attacks

Aramco is shifting cargoes between coasts to keep crude moving, and exports are running just below September's wartime peak.

Power Firm Acwa Joins $4 Billion US Bet as AI Lifts Demand

The Saudi developer is teaming up with US investor EIG to buy and build American power plants, as data centres drive electricity demand.

Oil Driller ADES Lands $52 Million Angola Extension

Indonesia one day, Angola the next: the Saudi driller now earns almost two-thirds of its revenue abroad.

Aramco’s Red Sea Refiner Swings to a $686 Million Profit

With Hormuz shut, Aramco's Red Sea refinery is selling into a starved market, and the stake Aramco bought a year ago is worth more than double.

Aramco Lines Up $10bn Loan as Conflict Threatens Exports

SABIC Cuts 2026 Spending Plan by Up to $700 Million

ADES Wins $46 Million Indonesia Rig Deal as It Expands in Asia

SABIC Turns to Neom's Port Amid Shipping Disruptions

The petrochemicals giant shipped fertilizer through Oxagon's port for the first time.

Aramco Eyes Singapore Oil Storage to Secure Asian Supplies

Saudi Arabia and Singapore signed an initial deal to store Saudi crude on Jurong Island.

Aramco Awards $763 Million Offshore Deals Amid Regional Conflict

Three contracts go to NMDC Energy as Aramco says spending plans remain on track.

Saudi Arabia to Raise Power, Water Tariffs as Deficit Widens

Electricity bills rise from January 2027, offset by 500 Riyals a month for eligible households and public-sector workers.