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The Latest Breaking News from Aramco

Saudi Arabia Scrambles to Avoid Red Sea Attacks. Oil Flows Through Egypt Soar.

Oil exports from Egypt's Mediterranean port of Sidi Kerir have more than doubled in August, reaching about 2.3 million barrels per day compared with roughly 1 million bpd in July.

International Business Times

US Iran war: Trump may ditch nuclear deal plan if Tehran reopens Hormuz

US President Trump seeks an exit from the Iran war as the conflict continues to escalate. The administration may set aside the nuclear issue for Strait of Hormuz reopening. Iran has set new conditions for reopening the strategic waterway, demanding US behavior correction. Financial demands and sanctions remain significant hurdles…

The Economic Times

Yemen's Houthis attack kills 11 in Yemen, hit Saudi refinery

Strikes by Iran-backed Houthi rebels on Sunday killed at least 11 people in the Yemeni port city of Mokha, says a medical source, after an earlier drone salvo targeted a Saudi oil refinery. Attacks from the armed group have increased since the 2022 truce seems to have been broken last…

Euronews

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Houthi attack suspected at Saudi gas facility in Jubail; Aramco Jazan fire extinguished

Yemen’s Iran-aligned Houthi rebels were behind a reported attack on a gas facility in Saudi Arabia’s Jubail region, Israeli media reported on Sunday, amid heightened tensions in the Middle East. However, there was no immediate official confirmation from Saudi authorities linking the reported blast to the Houthis.

The Times of India

Netanyahu rejects US-backed Gaza plan as Trump board head calls it 'only way forward'

A US-backed plan for Gaza remains the “only way forward” to prevent a repeat of Hamas’s October 7, 2023 attack, a senior official overseeing the proposal said Sunday. The comments came after Israeli PM Benjamin Netanyahu rejected the 15-point plan for Gaza and stressed that the Israeli military would not…

France 24

Houthis behind attack on Saudi Aramco gas facility in Jubail region, reports Israeli media

Yemen's Houthis are behind the attack on a gas facility in Saudi Arabia's Jubail region, Israeli media reported, after reports emerged of an explosion and fire at an industrial facility in the kingdom's eastern region.

The Economic Times

Revealed: major oil firms make $93bn profits amid war and climate crisis

Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damage

The Guardian - UK

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The Iran War Continues Keeping Energy Markets On Edge. Saudi Aramco Profits Are Jumping.

Saudi Aramco reported a 33% jump in second-quarter profit as higher oil prices driven by the Iran conflict boosted revenue, with the company highlighting the role of its East-West pipeline in keeping exports flowing despite disruptions around the Strait of Hormuz.

International Business Times

Global Market: Saudi Aramco Q2 profit jumps 44% as Middle East conflict boosts oil prices

Saudi Aramco reported a 44% year-on-year jump in second-quarter net profit, beating analyst estimates as higher crude oil prices offset lower sales volumes. The oil giant said elevated prices, stronger refining margins and resilient operations amid Middle East supply disruptions supported its performance.

The Economic Times

Top Economist Says Mohammed Bin Salman ‘Forced Trump to Back Off’ Iran Strikes With a ‘Credible Threat’ to Unload US Treasuries

Economist Steve Hanke said Saudi Crown Prince Mohammed bin Salman forced President Donald Trump to abandon planned strikes on Iran by threatening to unload the kingdom’s U.S. Treasury holdings.

Benzinga

Aramco mulls new Asia pricing on deliveries from Egypt port

State-run Aramco has been asking Asian customers to take oil deliveries from the Egyptian port, near the Suez Canal exit from the Red Sea, as some shipowners are avoiding Yanbu fearing Houthi attacks. Meanwhile, Asian refiners are pressing Saudi Arabia for discounts to offset the higher freight costs and longer…

The Economic Times

The Houthis Said They Keep Hitting Saudi Oil Infrastructure. That Could Spell More Trouble For Global Supply

The Iran-backed Houthis claimed to have struck crude oil supply and transport sites that connect eastern Saudi Arabia to the Red Sea.

International Business Times

Iran-US war latest: Trump pauses nightly attacks to make room for talks, says ambassador

The tanker had reportedly left an Iran-approved route in the vital shipping route

The Independent UK

Trump Says 'Preference Is Diplomacy' as Houthis Strike Saudi Aramco Sites, Raising Fears of Wider Middle East War

The Iran conflict expanded into new flashpoints across the Middle East as Tehran-backed Houthi forces targeted Saudi energy infrastructure while Washington paused further strikes amid concerns over a broader regional war.

Benzinga

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Bangkok Post

Houthis target Saudi oil as new Middle East front

SANAA - Yemen's Iran-backed Houthi rebels said they had launched missile and drone salvos against Saudi Arabia's oil facilities on Saturday, as fighting between regional allies of the United States and Iran intensified on a new front.

The Economic Times

Saudi Arabia-backed developer seeks World Cup stadium investors, sources say

Saudi Arabia's ROSHN Group is seeking investors for its Aramco Stadium venue. JPMorgan is managing the fundraising process for this significant project. The state-backed developer aims to free up capital for economic transformation initiatives. This stadium transaction will mirror previous pipeline deals for infrastructure funding. Private investors are being approached…

The Economic Times

Saudi Arabia mulls big new plan, eyes post-war oil route reset to bypass volatile Hormuz

Saudi Arabia is considering expanding its crude oil pipeline capacity. This move aims to bypass the Strait of Hormuz for exports. Neighbouring countries like Kuwait are also in talks for pipeline access. The expansion could accommodate an additional two million barrels daily.

The Guardian - UK

‘This is a hellhole’: Aramco makes its presence hurt in the shadow of the World Cup

The oil giant’s sponsorship deal with Fifa has featured prominently at matches in Houston. But 100 miles away in another Texas city, residents say the firm’s refinery is exposing them to poisonous gases and long-term health problems

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The Economic Times

Oil climbs following renewed US, Iran strikes in Middle East

Oil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of a potential de-escalation and renewed talks, analysts caution that a full recovery of Gulf oil supply could take months due to lingering issues. Saudi Aramco has resumed…

The Economic Times

Why are oil prices rising today, and will Brent crude futures and US WTI prices continue to go up? Oil prices gain after renewed US-Iran strikes and Strait of Hormuz disruption

Why are oil prices rising today, and will Brent crude futures and US WTI prices continue to go up? Oil prices increased after renewed attacks involving the United States and Iran raised concerns over energy supplies through the Strait of Hormuz. Brent crude futures and US WTI crude moved higher…

TechRadar

What's new at Lego for July: 12 new sets to get stuck into — including the clumsy Demon Hunters icon I've been waiting for

There's a new batch of Lego kits available for pre-order, and there are some instant classics in there.

The Economic Times

Saudi Aramco resumes oil loading at Ras Tanura after four-month halt, data shows

Saudi Aramco has restarted oil loading at its Ras Tanura terminal after a four-month pause, with two massive crude carriers seen taking on cargo. This resumption follows an interim deal between the US and Iran, which has eased tensions and allowed for increased output and exports from Middle Eastern producers.…

Fortune

Saudi Aramco’s chairman calls for “energy realism”

As the world grapples with the greatest oil shock in history, Saudi Aramco's Chairman calls for "energy realism"

The Guardian - UK

Aramco’s petrodollar backing of World Cup leaves stain of sportswashing

In today’s newsletter: How Saudi Arabia’s state-owned oil giant is embedding fossil fuels as a crucial part of the world’s biggest sport

The Guardian - US

Fifa urged to drop Saudi oil giant Aramco as activists target World Cup

Fifa has defended its Aramco sponsorship, saying revenues are reinvested back into football at all levels

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