Oil markets could take until 2027 to bounce back due to disruptions in Hormuz, says Saudi Aramco CEO.
Saudi Oil CEO on Recovery Timeline Amid Iran Conflict The head of Saudi Arabia’s national oil company has indicated that the energy sector faces a prolonged recovery due to supply disruptions caused by the conflict with Iran. These disruptions have significantly affected oil production in the region. Amin Nasser, CEO of Saudi Aramco, mentioned in […]
CEO of Saudi Aramco indicates that oil markets might not stabilize until 2027
The CEO of Saudi Arabia’s national oil company has indicated that the energy industry will take a significant amount of time to bounce back from disruptions caused by the conflict in Iran. Ongoing transport issues in Iran are impacting oil production, particularly through the Strait of Hormuz. Amin Nasser, the Chief Executive of Saudi Aramco, […]
Aramco pays nearly $100bn in dividends as profits tumble | Aramco
Saudi Arabia’s state-owned oil company Aramco paid out nearly $100bn (£77bn) in dividends, even though the company’s annual profits fell from the record profits it collected the previous year. The group, which is 82% owned by the Saudi government, said in its annual results that dividends to shareholders rose 30% to $97.8 billion in 2023. […]