Oil and gas
Modern Gas generated revenues of $55.2 million in 2023
Surging prices fueled by refinery activity, China demand, and Middle East disruptions
The recent attacks on refineries added a risk premium of $2-$3 per barrel to crude prices
Surprising drop in U.S. oil and gasoline inventories points to increased demand from top fuel consumer
Manufacturing activities in the Kingdom rose by 1.1 percent in January 2024
Aramco will now be able to capitalize on recent declines in global interest rates
Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd
OPEC maintains 2.25 mn bpd demand growth forecast
Yasser Mufti: “We have 70 people working on this, and we are still adding more.”
Saudi Aramco makes first entry into Pakistan’s fuel retail markets with 40 percent acquisition of GO
Deal opens doors for Aramco to promote refined products, lubricants in Pakistan
