According to the Saudi Aramco prospectus, the oil sector accounted for more than 60% of the Saudi government revenue in 2017
Saudi crude
Latest in Saudi crude
Extra Light Crude
Saudis offer rarely traded grade to supply oil buyers who are shunning Iran
The trading arm of state-run producer Saudi Aramco is said to be offering an ultra-light oil known as Khuff condensate, a rarely traded grade that’s typically processed in the kindgom’s domestic refineries
crude oil
Aramco starts swapping Saudi oil for fuel to tap new markets
State oil companies like Saudi Aramco are expanding their crude sales and refining capacity to better compete in a market flush with supply
Aramco IPO
Saudi Arabia closing in on the $100bn prize
The start of 2018 means Saudi Aramco’s record-breaking IPO is drawing closer. It should come as no surprise that January began with the major players jostling for position
Aramco
Saudi retreat from US oil market cuts exports to 30-year low
US imports just 525,000 barrels a day of Saudi crude in October, the lowest since May 1987