Wednesday, August 26, 2026
Saudi Aramco completes SABIC acquisition -oilandgas360

Saudi Aramco completes SABIC acquisition

Oil & Gas  The national oil company purchased 2.1 billion shares of SABIC Saudi Aramco has completed its acquisition of Saudi chemicals giant SABIC, Reuters reported. The national oil company purchased 2.1 billion shares (70%) of SABIC on Sunday, completing the deal. Tadawul data showed four transactions for SABIC shares worth $69.1 billion, but did not name the buyer. Reuters’ sources

IEA sees largest drop of oil demand in history this year, before biggest-ever one-year jump in 2021- oil and gas 360

IEA sees largest drop of oil demand in history this year, before biggest-ever one-year jump in 2021

CNBC The International Energy Agency said on Tuesday that it expects the fall in oil demand this year to be the largest in history, but believes there are signs the market could reach “a more stable footing” over the coming months. International benchmark Brent crude futures traded at $40.53 on Tuesday afternoon, more than 2% higher, while U.S. West Texas Intermediate futures stood at