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Keywords: ARAMCO
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has warned that recent attacks targeting Saudi Arabia could have far-reaching economic consequences, as rising energy costs and regional instability threaten to affect markets and consumers worldwide. Speaking to journalists on......
Saudi Arabia has acknowledged mounting pressure on its critical infrastructure following a series of deadly attacks attributed to Yemen’s Houthi movement, with the government warning of a firm response as security concerns disrupt aviation and raise questions about the protection of strategic energy......
Saudi Arabia faced a fresh wave of attacks on Monday as Yemen’s Houthi movement claimed strikes against Riyadh’s international airport, an Aramco refinery and several military and aviation facilities in the southern part of the kingdom. The escalation came as Turkey and Pakistan announced......
The conflict in Yemen has entered a new phase of escalation, with Houthi forces reporting a fresh wave of Saudi airstrikes while Riyadh accuses the Iran-aligned group of launching a drone toward the vicinity of Mecca. The competing claims came as fighting intensified across Yemen and Houthi forces expanded......
Houthi rebels in Yemen, backed by Iran, claimed responsibility on Sunday for a series of attacks that killed at least 11 people, including civilians and government forces, as a fragile truce that had been in place since 2022 collapsed last month. The Houthis also said they had targeted an oil refinery......
Saudi Aramco has warned that the disruption of oil shipments through the Strait of Hormuz could have long-lasting consequences for global energy markets, with depleted oil inventories potentially requiring up to 18 months to recover, even if normal shipping operations resume immediately. According to......
Fourteen Saudi nationals were killed after a helicopter operated by state-owned energy giant Saudi Aramco crashed early Sunday near the eastern coastal city of Ras Tanura, Saudi authorities confirmed. According to the Saudi Press Agency (SPA), the aircraft went down at approximately 6:00 a.m. local......
Saudi Aramco reported a significant increase in first-quarter profits as rising oil prices and strong energy demand boosted revenues during a period of heightened geopolitical tensions in the Middle East. The Saudi energy giant announced a 25% rise in net profit for the first three months of the year,......
Saudi Arabia has announced the full restoration of oil transport capacity on its strategic East-West pipeline, reaching approximately seven million barrels per day, following recent attacks linked to regional tensions. The announcement comes after several energy facilities across the kingdom were affected......