Sunday, August 31, 2025
Saudi Aramco extends $10 bln loan on improved terms, sources say- oil and gas 360

Saudi Aramco extends $10 bln loan on improved terms, sources say

Reuters DUBAI – Saudi Arabian oil giant Aramco 2222.SE has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters. Aramco has borrowed tens of billions of dollars in the past few years to keep up with Saudi Arabia’s financing needs in an era of lower oil prices.

Reuters Events-Duke Energy CEO sees hurdles for Biden's decarbonization timeline-oil and gas 360

Reuters Events-Duke Energy CEO sees hurdles for Biden’s decarbonization timeline

Nasdaq U.S. President Joe Biden’s target to decarbonize the nation’s power industry by 2035 will only be achievable if clean energy technologies like advanced nuclear and carbon capture rapidly become commercially viable, according the chief executive of leading U.S. utility company Duke Energy Corp DUK.N. Duke, which provides electricity to 7.8 million people across six states, plans to reach 50% decarbonization