aramco

SpaceX is preparing for a historic IPO, aiming for a $1.75-$2 trillion valuation and seeking to raise $75 billion by June 2026. Despite significant revenue growth from Starlink, the company reported substantial losses in 2025 and Q1 2026, largely due to heavy investments in its new AI unit following the xAI acquisition.

Oil prices surged as President Trump rejected Iran's peace proposal, reigniting fears over global energy supply routes. Hopes for breakthrough talks faded, shifting market attention to Trump's upcoming visit to Beijing. Saudi aramco warned of significant oil market losses, while tankers navigated the Strait of Hormuz with tracking systems off.

Iran's armed forces are prepared to retaliate after President Trump rejected Tehran's ceasefire proposal, escalating regional tensions. The dispute over the Strait of Hormuz, a critical oil route, has already caused significant energy supply shocks and threatens global food security, with the UN warning of a potential humanitarian crisis.

Brace for summer travel chaos! A new government plan could allow airlines to cancel over 100,000 flights, sparking concerns among airports about rising costs and passenger disruption. While airlines assure normal services, the government cites potential fuel shortages as a precautionary measure. The world watches as a decision looms.

Lewis Hamilton’s Ferrari future is under growing scrutiny amid a difficult 2025 season, with no wins and ongoing struggles against Charles Leclerc. Former drivers and pundits have fuelled retirement talk, with some suggesting Silverstone could be a turning point. However, others insist the seven-time world champion will continue as long as he remains competitive and motivated.

Iran's chief negotiator insists Washington must accept Tehran's peace plan, warning of continued failure otherwise. President Trump, however, deemed Iran's response 'unacceptable,' escalating tensions. The ongoing conflict has triggered an energy shock, spiking oil prices and threatening global supply chains. Fighting also persists in Lebanon, with Hezbollah vowing to make the battlefield 'hell' for Israel.

Until now, the United States had largely focused its efforts on smaller Chinese companies and facilities in an attempt to curb Iran’s oil revenues, partly to avoid broader economic and diplomatic consequences.

Disgraced financier Jeffrey Epstein cultivated Middle Eastern connections and acquired rare Islamic artifacts, including pieces from the Kaaba, for a building on his private island he called a 'mosque.' Documents reveal his interest in Islamic architecture and his pursuit of Saudi Arabian business opportunities before his arrest and death.

A global promise to shift from fossil fuels faces significant hurdles. Economic ties to oil and powerful industry lobbying impede progress. Political will is also a key factor. Despite these challenges, renewable energy sources are expanding rapidly worldwide, offering a glimpse of future change.

Global crude oil markets are in a frenzy as a severe shortage drives intense competition for prompt deliveries. Physical oil prices have surged to unprecedented levels, with buyers vastly outnumbering sellers. This scramble, fueled by reduced Middle Eastern flows, is forcing refiners to consider scaling back operations, potentially worsening fuel shortages.

Saudi Arabia has significantly increased its crude oil prices for Asian buyers amidst escalating Middle East tensions. This move, as global energy flows face disruption, sees Arab Light crude set at a record premium. Meanwhile, threats and counter-threats between the US and Iran have pushed oil prices well above $100 per barrel, impacting fuel costs worldwide.

The Middle East's conflicts are analyzed through the lens of 'proxies and levers,' where state actors use non-state groups to project power and achieve strategic goals. This approach, while avoiding direct military costs, often results in prolonged violence, instability, and humanitarian crises, complicating peace efforts in the region.

The Middle East conflict's sixth week sees global energy markets reeling. Soaring crude prices offer windfalls to some Gulf producers like Iran and Saudi Arabia, despite export drops. Others, heavily reliant on the Strait, face severe revenue plunges. The disruption, following airstrikes on Iran, has led to significant oil supply shocks worldwide.

SpaceX, the world's most valuable private company, has reportedly filed confidentially for an initial public offering. This move brings Elon Musk's rocket and AI firm closer to a potential listing. The company is expected to seek a valuation exceeding $1.75 trillion. This could be the largest IPO in history, with a June listing anticipated.

As the Middle East conflict disrupts global energy supplies, Saudi Arabia has activated its 1,200-kilometer East-West pipeline to maintain oil exports. This crucial inland route, rerouting crude to the Red Sea port of Yanbu, is now a pivotal alternative to the closed Strait of Hormuz, ensuring continued market access despite escalating tensions and past attacks.

Iran launched strikes on Saudi aramco facilities and Kuwaiti refineries in retaliation for an Israeli attack on South Pars, warning of global "uncontrollable consequences" as oil prices surged. A projectile landed near Iran's Bushehr Nuclear Power Plant, raising safety concerns.

Saudi aramco warns that ongoing conflict in the Strait of Hormuz could lead to catastrophic consequences for global oil markets, citing already low inventories and potential impacts on various industries. The company confirmed a small fire at its Ras Tanura Refinery following an attack, which has since been brought under control.

Saudi Arabia is offering long-term oil buyers a new route via its Red Sea port of Yanbu, bypassing the disrupted Strait of Hormuz. This move aims to ensure supply continuity for April shipments, though pipeline capacity limits full allocations. Asian buyers, including China's Sinopec, are already adjusting refinery operations due to supply concerns, highlighting global uncertainty over the conflict's duration.

Kuwait's Mina Al-Ahmadi oil refinery faced another Iranian drone attack on Friday. Fires erupted at several units. This follows a similar incident a day earlier. Firefighters are working to control the blaze. The attacks are part of a wider escalation in the Gulf region. Energy supplies and global markets are affected

Energy giant Saudi aramco said it has struck a $12.4 billion deal to sell a minority stake in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners.

Saudi Arabia’s oil giant Saudi aramco has successfully raised $4 billion through a bond issuance. The move highlights strong investor trust in the company's financial stability. The issuance, part of a global program, was priced in January 2026 and completed in early February 2026. Proceeds will fund capital expenditures and diversification efforts. This strengthens aramco's financial position and boosts confidence in Saudi Arabia's economy.

Iran escalated attacks on Gulf energy sites, hitting Saudi Arabia's SAMREF refinery and facilities in Qatar and Kuwait. These strikes, following an Israeli attack on Iran's South Pars gas field, caused global fuel prices to surge. Saudi Arabia, Qatar, and the UAE condemned the actions, while the US warned of retaliation if Iran continue

Saudi aramco has reached a significant milestone, achieving 70% local content in its supply chain. This achievement strengthens Saudi Arabia's industrial base and diversifies its economy beyond oil. The program has created over 200,000 jobs and attracted substantial foreign investment. aramco aims to increase local content to 75% by 2030, further enhancing national capabilities and economic resilience.

Yemen's Houthis said they launched attacks on Saudi energy facilities on Friday and the Saudi-led coalition said oil giant aramco's petroleum products distribution station in Jeddah was hit, causing a fire in two storage tanks but no casualties. A huge plume of black smoke could be seen rising over the Red Sea city.

Saudi aramco said it will continue to look for investment opportunities in India, days after Reliance Industries Ltd scrapped a plan to sell a stake in its oil-to-chemicals unit to the Middle Eastern company.“India offers tremendous growth opportunities over the long term,” aramco said in a statement on Sunday. It will “continue to evaluate new and existing business opportunities with our potential partners.”

Infosys has signed an MoU with one of the world’s largest integrated energy and chemical firms, aramco, to expedite its human resource technology. Infosys aims to integrate digital transformation tools into the HR platform, improving employee productivity and engaging them more productively. The AI will also be leveraged to develop further the employee learning and reduce skill gaps.

Saudi aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries Ltd’s oil refining and chemicals business, people with knowledge of the matter said.

New Delhi, Oct 8 () The world's top oil exporter Saudi aramco today opened an office in India to boost its crude sales in the world's third-largest oil consuming nation.