Aramco to cut January oil exports to Asia, keep Europe, U.S. steady

11/12/2017 13:40 AST

Saudi Aramco plans to reduce its January crude oil shipments to Asia by more than 100,000 barrels per day from December, while keeping its exports to the United States and Europe steady, the Saudi Energy Ministry said in a statement on Monday.

"For January 2018, Saudi Aramco is keeping supply steady to all regions at 2017 lows," the ministry said.

"Aramco will maintain its overall supply levels next month at their recent low levels."

Saudi Arabia, the world's top oil exporter, plans to maintain its crude oil shipments in January at 6.9 million barrels per day, an industry source familiar with the kingdom's exports plans told Reuters on Monday.


Reuters

News

Market rules ready for Aramco listing 'by end of June'

30/03/2018

Saudi Arabia expects to unveil by the end of June rules to prevent large share price drops in newly-listed companies, the final regulatory step for the listing of oil giant Saudi Aramco, the head of

Arab News

Aramco, Petronas form 2 Rapid project JVs

30/03/2018

Petroliam Nasional Berhad (Petronas), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia, have announced the formation of two joint ventures for the Refi

Trade Arabia

Saudi Aramco finalizes refinery deal with Malaysia's Petronas

29/03/2018

Saudi Aramco finalized a deal on Wednesday with Malaysian state energy company Petroliam Nasional Berhad (Petronas) to invest in a refinery project off Malaysia.

The Saudi oil giant agreed

Arab News

Most Viewed Companies

Ticker Price Volume
NAYIFAT 13.94 229,739
LUMI 77.50 102,302
ALRAJHI 85.00 7,711,297
A.OTHAIMMARKET 11.90 545,416
ZAINKSA 10.82 1,868,409
IHGS 4.20 344,581
RIBL 24.84 6,676,931

Valuation

SAUDIARAMCO Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
ABAR 138.00 2.00 (1.47%)
ADNOCGAS 3.14 0.00 (0.00%)
ADNOCDRILL 4.68 0.04 (0.86%)
ADES 20.08 0.10 (0.50%)
BAHRI 28.25 0.05 (0.17%)

Recent News

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap