Aramco, the world's top oil exporter, has cut crude supply to Asian buyers for a second month in April, two sources with knowledge of the matter said, after the US-Israeli war with Iran disrupted trade via the Strait of Hormuz.
A sharp escalation in the Middle East conflict has triggered major disruptions across the region’s energy industry, with QatarEnergy announcing a halt to LNG production, Saudi Aramco shutting its Ras Tanura refinery and the shipping almost coming to a halt in Strait of Hormuz.
A drone strike has forced the temporary closure of the Ras Tanura Refinery, one of the world’s largest oil processing facilities in Saudi Arabia, dealing a fresh blow to global energy markets already on edge over escalating regional tensions.
Aramco reported strong 2025 results with adjusted net income of $104.7 billion, including $25.1 billion in Q4. Operating cash flow reached $136.2 billion for the year and $40.8 billion in Q4, with free cash flow of $85.4 billion.
Aramco warned the Strait of Hormuz disruption from the Iran war could have “catastrophic consequences” for global oil markets and trigger ripple effects across shipping, insurance, aviation, agriculture and automotive industries.
Aramco has completed a $4 billion bond issuance across four tranches under its Global Medium Term Note Programme, comprising senior notes maturing between 2029 and 2056. The bonds were priced on January 26, 2026, and listed on the London Stock Exchange.
Aramco, one of the world’s leading integrated energy and chemicals companies, on Thursday announced major progress in its ambitious gas expansion strategy, with the start of production at Jafurah, the Middle East’s largest unconventional gas field, and the commencement of operations at Tanajib Gas Plant, one of the largest gas plants in the world.
Emerson, an expert in automation technology and software, has been awarded the 2026 Saudi Aramco Local Manufacturers Quality Award, in recognition of its commitment to quality, manufacturing excellence, and long-term alignment with national industrial objectives.
Italian group Saipem has announced that it has secured a new engineering, procurement, construction and installation (EPCI) contract for an offshore project from Saudi oil giant Aramco. The work is for a 48-inch trunkline, comprising 65 km offshore and 12 km onshore in Safaniya oil field.
Aramco has sold several cargoes of ultra-light crude oil from its $100 billion Jafurah gas plant to US majors and an Indian refiner as it prepares to export its first cargo later this month, four trade sources said to Reuters.
