Weak demand in China will cause Saudi Arabia to reduce crude oil exports to China in December, despite recent price cuts.

Russia is reportedly considering a plan to merge its top three oil companies — Rosneft, Gazprom Neft, and Lukoil — into a ...

Oil prices - a catalyst for the Gulf's financial markets - traded in a narrow range ahead of what is expected to be an ...

Third quarter 2024 EBIT landed at $51.45 billion. Nine-month EBIT fell $17.58 billion to $160.35 billion “primarily due to ...

Saudi Arabian oil giant Aramco reported a third-quarter profit of $27.5 billion Tuesday, down about 15% from last year as low oil prices ate into its revenues.

Oil giants on both sides of the Atlantic suffered from lower oil prices and weaker refining margins in the quarter.

Oil futures settled Tuesday with a fifth straight session gain as investors awaited the outcome of a contentious and close U.S. presidential election and weighed developments in the Middle East.

Crude oil and refined product futures were trading higher for a second straight day Tuesday on expectations that Saudi Arabia may encourage OPEC and its allies to continue to restrain oil production.

Saudi Aramco, the world's largest oil producer, is facing a tough financial decision in early 2024: whether to continue funding its massive $31 billion quarterly dividend or risk exacerbating Saudi ...

South Korean refiners reported on Monday sharp losses in the third quarter from oil refining, but expect their margins to recover in the fourth quarter with peak winter demand and refinery run cuts in ...

Saudi oil giant Aramco on Tuesday reported a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining ...

Saudi Arabian oil giant Aramco reported third-quarter profit of $27.5 billion on Nov. 5, down about 15% from last year as low oil prices ate into its revenue.