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Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said the head of the world’s biggest oil producer, Saudi Aramco.

Saudi oil giant Aramco said on Tuesday that it expects to declare total dividends of $85.4 billion in 2025, a near 30 per cent drop from payouts in 2024 as it faced lower sales and higher costs.

Saudi Aramco is considering a potential offer for lubricant assets being sold by BP Plc, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries ...

Profits fell on lower revenues primarily attributable to lower prices Saudi Aramco's net profits dropped 12.39 percent to $106.25 billion in 2024, the world's biggest oil exporter said on Tuesday, ...

Aramco sees the use of goods such as plastics outlasting the growth in consumption for petrol and diesel amid the energy transition, with much of the expansion in chemicals likely coming from Asia.

Saudi Aramco chief executive, Amin Nasser, has said the global lithium market is poised for massive growth in the next five years, presenting a tremendous opportunity for the state-owned giant to ...

DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil giant Aramco reported a $106.25 billion profit in 2024 on Tuesday, down 12% from the prior year as lower energy prices now ...

FILE - Saudi Arabia's state-owned oil company Armco and stock market officials walk under a screen displaying the value traded and the volume traded of Aramco's initial public offering (IPO ...

Low Energy Prices Sting Aramco Profits and Squeeze Saudi Development Plans DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil giant Aramco reported a $106.25 billion profit in ...