All articles tagged with #aramco
Yemen's Houthi movement says it attacked a sensitive target at Najran Airport and Aramco facilities in Najran with attack drones, in retaliation for alleged Saudi airspace violations; Saudi confirmation was not immediately reported.
Saudi Aramco is offering Arab Medium and Arab Heavy cargoes on a ship-to-ship basis from Sohar near Oman, a sign that Saudi Arabia may be shuttling more crude through the Strait of Hormuz; the barrels are likely from the Persian Gulf, and this follows a pattern of increased Gulf-region cargo activity as producers seek alternative routes amid regional tensions, though Aramco did not comment.
Yemen's Iran-aligned Houthis claimed a drone attack on Saudi Aramco's Jazan refinery two days after Riyadh signed a defense pact with Turkey and Pakistan; Saudi authorities said a fire occurred at the refinery but was extinguished with no injuries, amid broader Red Sea tensions and regional instability.
Yemen’s Iran-aligned Houthis said they attacked Aramco’s Jazan refinery with a drone, causing a fire that Saudi authorities later said was extinguished with no injuries, as Saudi Arabia signs a defense pact with Turkey and Pakistan amid rising regional tensions around the Strait of Hormuz and broader US-Iran tensions.
Yemen’s Iran-aligned Houthi rebels claim attacks on Saudi targets, striking the Red Sea port of Mokha with missiles and drones that killed at least seven people and injured more than a dozen, and hitting a Saudi Aramco refinery in Jazan with a drone—causing a fire Saudi authorities said was extinguished with no casualties. The strikes reflect escalating regional tensions tied to Iran’s war, with both sites damaged as the conflict broadens in the Red Sea corridor.
The Yemen-based Houthis killed 11 people (3 civilians and 8 soldiers) and wounded 32 (including 6 civilians) when missiles and drones hit Mokha port, with claims of targeting a Saudi Aramco oil facility in Jazan in retaliation for incursions into northwest Yemen. The attacks follow a collapse of the truce and come amid broader Red Sea shipping and oil infrastructure tensions linked to regional blocades and the Bab al-Mandab chokepoint.
Saudi energy officials say a fire at an Aramco refinery in Jizan has been extinguished with no casualties; the cause is not disclosed, while Yemen's Houthi rebels claim the attack was carried out with drones in retaliation for Saudi airspace incursions, underscoring ongoing tension in the region amid the Yemen conflict.
Tehran-backed Houthis launched missiles and drones at Aramco oil facilities in Jizan and Yanbu, marking a sharp escalation in the wider US-Iran confrontation and raising fears of disrupted Red Sea shipping and spikes in global oil prices, while mediation talks continue amid broader regional and global tensions.
Yemen’s Iran-backed Houthi rebels claimed to have attacked Aramco oil facilities in Yanbu and Jazan with missiles and drones, marking the first strikes on Saudi oil infrastructure since 2019 and signaling retaliation for strikes on Yemen. Saudi civil defense urged residents to seek cover as the extent of damage remains unclear; the group has also declared a Red Sea shipping embargo around Bab al-Mandeb, threatening oil-flow disruptions amid broader regional tensions.
Fourteen Saudi citizens were killed when a state-owned Aramco helicopter crashed in Ras Tanura on Saudi Arabia’s eastern coast; investigations are underway to determine the cause, with Aramco unavailable for comment and the energy ministry offering condolences.
A helicopter owned by Saudi Aramco crashed in Ras Tanura, Saudi Arabia, killing all 14 people on board; state media says investigations are underway to determine the cause.
Saudi Aramco reported a 25% rise in first-quarter profit as it increasingly routes crude exports through its pipeline network, shifting away from traditional tanker shipments.
Saudi Aramco posted a 26% rise in Q1 net profit to $33.6 billion on revenue of $115.5 billion, aided by its east–west pipeline that can move up to 7 million barrels per day and bypass disruptions through the Strait of Hormuz. The conflict has kept oil prices elevated near $100 a barrel, while Aramco maintained a quarterly dividend of $21.9 billion. Company CEO Amin Nasser warned that even if Hormuz reopens, it could take months for markets to rebalance, with a risk of longer disruption potentially pushing normalization to 2027.
Exclusive analysis shows the world’s top 100 oil and gas companies earned about $30 million per hour in March as oil prices averaged $100 a barrel amid Iran-related conflict, yielding an estimated $23 billion in windfall profits for the month and potentially $234 billion more this year if prices stay elevated, with Aramco, Gazprom and ExxonMobil among the biggest beneficiaries. The findings fuel EU discussions of windfall taxes to ease consumer bills and fund relief, while critics warn that ongoing fossil fuel dependence remains a national security and affordability risk.
Saudi Arabia says its East-West oil pipeline has been returned to full capacity, pumping about 7 million barrels per day after attacks tied to the US-Israel war on Iran; Manifa is back to 300,000 bpd, while Khurais remains down by 300,000 bpd. The ministry credits Aramco and the energy sector’s resilience, amid broader disruption to Strait of Hormuz shipping and ongoing US-Iran tensions.