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Saudi Arabia to raise $12 billion by selling more shares in Saudi Aramco amid Neom struggles

The sale comes amid Saudi Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify the king…

Polly Thompson   


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Saudi Arabia is reportedly funding a Chinese startup that aims to take on OpenAI

A Saudi Arabian fund recently became the sole foreign investor in Zhipu AI, a Chinese startup that …

Beatrice Nolan   


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Oil giant Saudi Aramco points to lower crude prices as profits plunge 38% in the 2nd quarter

The state-run energy major reported about $30 billion in net profits last quarter, down sharply fro…

Phil Rosen   


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Saudi Arabia trims oil prices to Asia as booming US exports add competition

Saudi Arabia lowered prices on its flagship Arab Light crude for the first time since June, facing …

Aruni Soni   


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Saudi Arabia's oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability

The comments come as the West has stepped up criticism of China's dumping of cheap green products o…

Huileng Tan   


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The US is pumping more oil than any country in history - and it's unlikely to be surpassed any time soon

The US produced an average of 12.9 million barrels a day last year, more than Russia or Saudi Arabi…

Filip De Mott   


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Saudi Arabia's futuristic $500 billion Neom megacity just got a lot smaller ... for now, report says

The Neom megacity is part of Saudi Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify…

Nathan Rennolds   


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Saudi Aramco profits soar 39% in the third quarter to $42 billion, fueled by higher global crude prices

Saudi Aramco posted a 39% jump in profit in the third quarter to $42.4 billion, thanks to rising oi…

Zahra Tayeb   


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Saudi Aramco says the world is totally misreading the oil market and too focused on 'short-term economics'

The world's biggest crude producer said the oil market is focused "on short-term economics rather t…

Brian Evans   


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Saudi Aramco says the world is totally misreading the oil market and too focused on 'short-term economics'

The world's biggest crude producer said the oil market is focused "on short-term economics rather t…

Brian Evans   


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Saudi Arabia is about to send more oil to China, even though it's slashed crude supply levels

The increased flows come despite Saudi Arabia bringing in a crude production cut in a bid to drive …

George Glover   


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Saudi Aramco is reportedly considering an IPO for its trading unit as oil prices soar

Saudi Aramco's trading unit could be valued at more than $30 billion, sources told Bloomberg. The o…

Carla Mozée   


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Saudi Aramco profits soar 82% following oil price surge days after overtaking Apple as most valuable company

World's most valuable company says it is committed to ensuring affordable prices despite "increased…

Jyoti Mann   


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Saudi Aramco, the world's largest oil exporter, has cut prices from record highs for Asia - but not for the US

China's COVID-19 lockdowns and restrictions are offsetting gains in oil prices caused by fears of R…

Huileng Tan   


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Elon Musk says Tesla can surpass the combined value of Apple and Saudi Aramco, the world's 2 most valuable companies

Musk's claim comes after Tesla posted a bumper third-quarter profit. Tesla would have to grow by ab…

Huileng Tan   


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Saudi Aramco says its energy transition is not delivering and launches a $1.5 billion fund for a more 'realistic' plan

Saudi Aramco is investing $1.5 billion in a new energy transition plan as chief executive Amin Nass…

Brian Evans   


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Saudi Aramco chief is 'seriously concerned' that a rebound of the global economy will kill off any spare oil capacity

An economic rebound could absorb what little spare oil is out there and deepen the world's energy c…

Jennifer Sor   


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Saudi Arabia's futuristic megaprojects are so expensive that even its oil riches may not be enough

Saudi Arabia is starting to sell debt again and offload more Aramco shares to help fund projects su…

Tom Porter,Hasan Chowdhury