Tag Archives: Saudi Aramco

Aramco has used the average of the Oman and Dubai crude prices assessed by Platts since the 1980s as a benchmark.

Aramco’s net cash flow from operations increased by 21 percent to US$29 billion in 2016.

Saudi Aramco and the country aren’t ready for an IPO that could raise $100 billion but also bring unprecedented scrutiny to the company.

A decision on what to do rests in the hands of Crown Prince Mohammed bin Salman.

The world’s third largest crude oil supplier currently produces about 10 million bpd and has the capacity to produce 12 million bpd.

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.

State oil company Saudi Aramco is aiming to boost production next month to about 10.8 million barrels a day.

Nasser said oil demand is rising by 1.5 million to 1.7 million barrels a day and will be ``healthy`` next year.

Aramco is currently producing 10 million barrels per day (mbpd) and has the ability to produce 12 mbpd. Amin Nasser. chief executive of Saudi Aramco. said in New Delhi.

UAE supplies a small quantity of oil to India.