Saudi energy giant Aramco has issued a stark warning about the global oil market, saying that continued disruption in shipping through the Strait of Hormuz could have “catastrophic” consequences for energy supplies and prices. The Strait of Hormuz is one of the world’s most vital maritime routes, carrying a large portion of crude oil exports…
The global energy market is on high alert after Saudi Aramco warned that disruptions in the Strait of Hormuz could trigger catastrophic consequences for the world’s oil supply. The warning comes as geopolitical tensions in the Middle East escalate, affecting shipping through one of the most important energy routes on the planet. According to Aramco…
Aramco has done it again. The Saudi energy giant has just locked in a $10 billion infrastructure deal with BlackRock, one of the world’s largest investment firms. This investment will fuel the development of the massive Jafurah gas field, one of the biggest natural gas projects in the world. The move is being seen as…