Tag Archives: Aramco

Oil Price News: Saudi Arabia Aramco to Pump Record Crude in April

Saudi Aramco

Saudi Arabia escalated its oil price war with Russia on Tuesday, with its state-owned company pledging to supply a record 12.3 million barrels a day next month, a massive production hike to flood the market. The output increase — more than 25% up from last month — puts Aramco supply …

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Mukesh Ambani’s Reliance Industries (RIL), Saudi Aramco Accelerate Stake Sale Talks, Says Report

Mukesh Ambani

Billionaire Mukesh Ambani-led Reliance Industries’ debt stood at $43 billion at the end of December Reliance Industries Ltd.’s talks to sell a minority stake in its oil-to-chemical division to Saudi Aramco have been gathering pace in recent weeks, according to people familiar with the matter. Aramco officials and bankers on …

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