Aramco ploughs ahead
The jewel in the kingdom's crown is concentrating on downstream joint ventures, as it awaits the IPO go-ahead
High above the Riyadh rooftops, tall cranes form thin fingers of lattice patterns against the colourless early-morning sky. Many of the cranes are starting to move again after a year or more of remaining idle, a signal that the higher global oil prices of recent months have given the Saudi economy a boost. The economic slump meant that some contractors put projects on hold and others went bust. Today, the signs are that the worst of the cash-flow crisis is over. Saudi Arabia is determined to make sure that there's never a return to the dark days when oil was trading at less than $30 a barrel, triggering an economic crisis across the kingdom. It's why Saudi Arabia has been the driving force i
Also in this section
9 January 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
