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The Latest Breaking News from Aramco

Crude Prices Finish Higher on Dollar Weakness

April WTI crude oil (CLJ25 ) Friday closed up +0.68 (+1.02%), and April RBOB gasoline (RBJ25 ) closed up +0.0075 (+0.36%). Crude oil and gasoline prices posted moderate gains on Friday. Friday's slump in the dollar index (DXY00 ) to a 4-month low is bullish for energy prices. Also, comments...

Barchart

Crude Prices Gain as President Trump Threatens Additional Sanctions on Russia

April WTI crude oil (CLJ25 ) today is up +1.04 (+1.57%), and April RBOB gasoline (RBJ25 ) is up +0.0135 (+0.64%). Crude oil and gasoline prices today are moderately higher. Today's slump in the dollar index (DXY00 ) to a 4-month low is bullish for energy prices. Also, today's comments...

Barchart

Saudi oil giant Aramco reports $106 billion profit in 2024, down 12% on lower energy prices

Saudi Arabia’s state-owned oil giant Aramco has reported a $106.25 billion profit in 2024, down 12% from the prior year on lower energy prices

The Independent UK

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Meta and Uber among firms ‘linked’ to alleged corporate migrant worker abuse

The Business & Human Rights Resource Centre found 665 cases of alleged abuse against migrant workers in publicly documented information.

Evening Standard

‘Ironic’: climate-driven sea level rise will overwhelm major oil ports, study shows

Ports including in Saudi Arabia and the US projected to be seriously damaged by a metre of sea level rise

The Guardian - UK

The Guardian Footballer of the Year Sofie Junge Pedersen: ‘We wanted to send a message’

The Inter and Denmark player wins the award for her climate activism and being behind an open letter to Fifa regarding Saudi Arabia’s human rights issues

The Guardian - UK

How Alpine is helping Loeb's bid for Dakar history with an unlikely challenger

The Dakar Rally returns to provide one of motorsport's toughest tests for human and machine in January, with Saudi Arabia again hosting the challenge. It may not be the event it once was when run through Africa to the Senegalese capital [the event's name gives it away] but the test…

Autosport

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New stadiums, airports and oil links: the environmental cost of Saudi Arabia’s 2034 World Cup

Fifa has confirmed Saudi Arabia as the host of the 2034 men’s World Cup, meaning the biggest football event on the planet will return to the Middle East.

The Conversation

Why hybrid power isn't in F2's future plans

Formula 2 CEO Bruno Michel has conceded it would be “impossible” for the championship to switch to a hybrid powertrain in the future.

Autosport

Saudi Arabia’s growing influence on sport ahead of 2034 World Cup host decision

Saudi Arabia is set to be officially awarded hosting rights for the 2034 men’s World Cup on Wednesday.

The National (Scotland)

Aramco, Linde, Schlumberger Form Alliance For Carbon Capture And Storage Hub

Aramco, Linde, and SLB have formed a partnership to establish a CCS hub in Saudi Arabia, aiming to reduce emissions and increase capacity in future phases.

Benzinga

Saudi Arabia makes more than 900 sponsor deals in 2034 World Cup plan

Saudi Arabia has made more than 900 sponsorship deals as it prepares to be named as host of the 2034 World Cup

The Guardian - UK

Fifa accused of ‘astonishing whitewash’ over Saudi Arabia’s 2034 World Cup bid

The Middle East kingdom’s hosting of the 2034 World Cup is set to be confirmed in December

The Independent UK

Saudi Arabia set to host 2034 World Cup after Fifa approves human rights record

Middle Eastern nation deemed to be ‘medium risk’ over human rights record

Evening Standard

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The National (Scotland)

FIFA's evaluation: Saudi Arabia's World Cup dream faces medium risk over human rights

Saudi Arabia’s bid to host the 2034 men’s World Cup has been deemed ‘medium risk’ for human rights in FIFA’s recent evaluation report.

Autosport

Why Qatar is buying into troubled Audi F1 programme

"Be fearful when others are greedy – and greedy when others are fearful." The famous words of US investment guru Warren Buffett aptly sum up the Qatari Investment Authority's reasons for taking a shareholding in Audi's Formula 1 team.

The Guardian - US

Saudi wealth fund’s expansion into North American soccer raises questions

A leading human rights organization has described a sponsorship deal between Concacaf and the Saudi Arabia Public Investment Fund as sportswashing

The Guardian - UK

Hampshire caught up in ‘sportswashing’ T20 row despite green claims

Hampshire have been accused of taking part in a ‘sportswashing vehicle’ before their participation in this month’s Global Super League in Guyana

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International Business Times

Bitcoin Topples Saudi Aramco To Become World's 7th Largest Asset By Market Cap

Bitcoin has passed oil behemoth Saudi Aramco to become the world's seventh-largest asset by market capitalization, marking another milestone in the journey of what was once an asset tainted by widespread skepticism.

The Guardian - UK

Fossil fuel bosses get ‘red carpet’ at Cop29 despite concerns over influence

Revealed: more than 100 executives given special guest badges as activists challenge role of oil and gas firms at talks

The Independent UK

Russia to ‘merge three oil companies’ to boost war effort

The merger of Rosneft Oil, Gazprom Neft and Lukoil would be second only to Saudi Arabia’s Aramco’s output

The Guardian - UK

Saudi oil and betting firms? Women’s football must not lose its moral compass

Investment is needed to maintain growth but recent deals go against the values women’s game has worked hard on

International Business Times

Saudi Aramco Says Quarterly Profit Drops 15% On Low Oil Prices

Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.

The Independent UK

Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier

Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenues

The Conversation

Is FIFA’s sponsorship deal with a Saudi-owned oil giant really ‘a middle finger’ to women’s soccer?

Athletes’ voices are a necessity in the matrix of good sports governance, a message reinforced at last week’s annual Australia New Zealand Sports Law Association conference in Sydney, attended by some of the world’s best – and busiest – sports lawyers.

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