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An expert told Business Insider that China has been the largest buyer of Saudi oil since 2009 and could be most impacted by a halt to oil exports.
Before going forward with the IPO, officials are reportedly seeking clarity on the damage to Saudi Aramco.
The affected facilities in Saudi Arabia may not return to previous production rates for several months, according to a Reuters report.
Saudi Aramco has struck a $15 billion deal with Asia’s richest man for a stake in the world’s biggest refinery
The Saudi oil giant's deal with Reliance Industries and Mukesh Ambani includes a stake in the Jamnagar Refinery in India.
World stocks are rallying after a trio of central banks cut rates and China calmed investors’ nerves
"One common factor that all investors seem to agree upon is the expectation of lower interest rates going forward."
WTI crude oil is now in a bear market, down 21% from its April high. Analysts say global growth fear is the culprit.
Norway’s $1 trillion sovereign wealth fund is dumping billions’ worth of stock in oil and gas companies
Norway's sovereign wealth fund, the world's biggest, will divest about $7.5 billion from oil and gas explorers and producers to cut its oil price risk.
Vortexa uses satellites, ship-tracking technology, and AI to predict and map the movements of tankers in the $7 trillion a year energy trading market.
Mexico’s state-owned oil giant just announced a major discovery that could transform the country’s struggling industry
Mexico's state-owned oil producer, Pemex, announced Tuesday that it had discovered roughly 180 million barrels of oil in the Gulf of Mexico. The so-called proven, probable, and possible, or 3P, reserves could support Mexico's oil output, which has been in decline since 2004.
"President Trump’s unilateral plans to tighten sanctions against Iran and pull out of the JCPOA agreement could see Iranian oil production and exports fall sharply," Dan Smith of Oxford Economics said on Wednesday evening.