Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
Category: Saudi Arabia
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Oil Giant Saudi Aramco Reports 33% Profit Surge, Despite Iran War Disruptions
The New York Times – Business: -
Saudi Aramco Reports 33% Profit Surge Despite War’s Disruption
The New York Times – Business:Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
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For Iran, Trump’s Reversal on Escalation Shows Who Has the Upper Hand
The New York Times – On the Runway:By expanding the arena of fighting in the region, experts say, Tehran sent a warning about the dangers of a widening war.
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New Round of Trump Threats and Pullbacks Raises Uncertainty in Mideast
The New York Times – On the Runway:Analysts and lawmakers are trying to divine whether Mr. Trump’s latest announcement means negotiations with Iran will truly get underway Monday or if the president is just working through unappealing options.
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Shipping Risks Rise Across Crucial Middle East Oil Routes
The New York Times – Business:Attacks on ships in the Strait of Hormuz and the Bab al-Mandab strait are disrupting the passage of oil tankers in the Persian Gulf and the Red Sea.
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Trump Pulled in at Least $2.2 Billion in 2025, Financial Disclosure Shows
The New York Times – Business:The release of a mandatory financial disclosure for 2025 shows that the Trump family’s holdings, particularly the president’s crypto businesses, were stunningly lucrative.
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Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz
The New York Times – Business:Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.
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U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf
The New York Times – Business:U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
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OPEC Plus, in Symbolic Gesture, to Increase Oil Production
The New York Times – Business:The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.
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Loss of Emirates Further Weakens OPEC’s Influence
The New York Times – Business:The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
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Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed
The New York Times – Business:The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.