After Russia's war in Ukraine and a post-pandemic surge in demand sent crude prices soaring, oil giant Saudi Aramco unveiled record profits of $48.4 billion in the second quarter of 2022.

Saudi Aramco unveils record profits amid soaring crude prices

Well, Saudi Aramco has overtaken Apple as the world's most valuable company. On Wednesday, the Saudi Arabian oil company's market capitalization was $2.426 trillion, slightly higher than Apple's $2.415 trillion.

Oil giant Saudi Aramco dethrones Apple as World's most valuable company

Oil has propelled Saudi Arabia's growth rate near 10 per cent in its first quarter with the kingdom reporting its fastest economic growth rate in a decade. After publishing its initial estimates online, Saudi's statistics authority said, "Oil activities led the real Gross Domestic Product (GDP) of Saudi Arabia to achieve the highest growth rate in [the] last 10 years.

Saudi Arabia reports its fastest economic growth rate in a decade

Saudi Arabia has recorded the fastest growth rate in 10 years. The global oil demand amid the ongoing Russian invasion of Ukraine has propelled growth.

Saudi Arabia records fastest growth rate in 10 years as oil propels growth

Amid the ongoing Russian invasion of Ukraine, and a hike in oil prices across the globe, Saudi Aramco's profits have also soared. It is now hiking oil investments.

Saudi Arabia hikes oil investments after profits soar due to rise in global oil prices

As part of a strategy to boost upstream business in an attempt to achieve energy security, Saudi Aramco has said it will increase crude and gas production over the next few years.

Saudi Aramco says annual profit more than doubled in 2021; plans to ramp up investment to boost production

Yemen's Iran-aligned Houthi group fired missiles and drones at Saudi energy and water desalination facilities, which oil firm Saudi Aramco said on Sunday (March 20) did not impact supplies or cause casualties.

Yemen's Iran-aligned Houthi group claims responsibility for drone attack on Saudi Arabia

Houthi rebels said on Sunday (November 21) that they launched 14 bomb-laden drones to attack airports and Armco oil facilities in Saudi Arabia. The rebels said this was done in response to "Saudi-led coalition escalation in Yemen".

Houthi rebels claim launching 14 bomb-laden drones at Saudi targets

Energy giant Saudi Aramco committed to being a net zero enterprise by 2050, its chief said Saturday, shortly after the kingdom said it aimed to achieve zero carbon emissions by 2060.

Saudi Aramco sets 2050 zero carbon emissions target

Energy giant Saudi Aramco's second quarter profits for 2021 have bounced back to pre-pandemic levels due to higher oil prices, nearly quadrupling compared to the same period last year.

Saudi Aramco Q2 profits bounce back to pre-pandemic levels

Saudi Aramco on Thursday said it raised $6 billion from its first dollar-denominated Islamic bond sale, as the energy giant seeks capital to fund its hefty dividend payments.

Saudi Aramco raises $6 billion from its first dollar-denominated Islamic bond sale

Aramco is the biggest oil company in the world. The jewel in Saudi Arabia's crown. A nation could soon own 1 per cent of Aramco. Saudi Crown Prince Mohammed Bin Salman has said that 'a huge country' was willing to buy a 1 per cent stake in Aramco.

China makes geopolitical calculations through Aramco stake

Is China buying a 1% stake in Aramco? Saudi Crown Prince MBS has said a 'huge country is investing'. Aramco is the biggest oil company in the world. Will the deal be financial or geopolitical?

Gravitas: Is China buying a 1% stake in Aramco?

Debris from missiles fired by Yemen's Houthi rebels into Saudi Arabia caused a small fire on a university campus in the kingdom's south, the Riyadh-led military coalition operating in Yemen said.

Houthi missile debris sparks fire at Saudi university

Yemen's Iran-aligned Houthi movement said on Monday it had fired 17 drones and two ballistic missiles at targets in Saudi Arabia, including Saudi Aramco facilities in Jubail and Jeddah.

Houthis claim to attack Saudi Aramco facilities; no confirmation from Riyadh 

OPEC and its allies, including Russia, announced Thursday they would gradually increase oil production over the next three months. In agreeing to modest output increases, Saudi Arabia appears to have yielded to pressure from Russia and other producers who are eager to raise output.

OPEC and its allies agree to gradual increases in oil production

Saudi Arabia announced Tuesday investments worth oil firm Aramco and petrochemical firm SABIC would lead investments of 5 trillion riyals ($1.3 trillion) by the local private sector by 2030 under a programme announced on Tuesday for economic diversification.

Saudi Arabia announces $1.3 trillion investment for economic diversification

Saudi Prince Mohammad Bin Salman has announced radical investment to pump up the nation's economy. In a major push, Prince Salman has announced $1.3 trillion investment that would diversify economy. The investment drive will be led by Oil-producing giant Aramco and chemical manufacturing firm SABIC.

Saudi Arabia announces $1.3 trillion private sector investment

Saudi Arabian energy ministry on Friday said that a drone attack in capital Riyadh sparked a fire at an oil refinery. The attack has been claimed by Yemen's Houthi rebels.

Saudi Arabian oil refinery on fire due to drone attack, says ministry

The attack comes after the Saudi led-coalition fighting the Houthis intercepted ten drones launched by the Iran-backed rebels on Sunday.

Yemen's Houthi rebels target Saudi Arabia's Aramco oil facilities

For decades, the relationship between India and the Gulf has been defined by oil. However, for firmer influence, the country is ready to its interests in West Asia beyond oil and gas.

India’s interests in West Asia to go beyond oil, gas for firmer influence

Why is fuel known as the 'liquid gold'? Fuel for long has been known as the 'liquid gold' because of its high value globally. It also serves as a direct or indirect source for many products produced for commercial needs, hence making it an extremely important commodity.

Explained: COVID-19 impact on oil, Gulf economies, Indians and India's remittance

State oil giant Saudi Aramco's profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world's biggest oil exporter.

Saudi Aramco's profit plunges, sees signs of oil market recovery

Saudi Arabia's state oil giant Aramco said on Sunday its 2019 profit fell almost 21% due to lower crude oil prices and a drop in production volumes, reported news agency Reuters.

Saudi Aramco reports 21 per cent drop in 2019 profits

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