https://www-scmp-com.libproxy1.nus.edu.sg/rss/525298/feed Saudi Aramco is the state-owned oil company of the Kingdom of Saudi Arabia, and one of the world's largest companies by revenue, headquartered in Dhahran, Saudi Arabia. It's involved in exploring, producing, refining, and distributing crude oil, natural gas, and petrochemicals, managing vast hydrocarbon reserves, and investing in new energy and mineral technologies, while also aiming to reduce emissions and support the kingdom's energy transition from fossil fuels to renewable sources. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Agence France-Presse Agence France-Presse Yemen’s Houthis claimed an attack on an oil facility near the Saudi capital on Saturday, where flames and smoke were seen, and accused the Gulf kingdom of striking Sanaa dozens of times. The foes have traded strikes since the Houthis seized all of Yemen’s Red Sea coast and took control of the Bab al-Mandab strait in a lightning offensive last month. Houthi-affiliated channel Al-Masirah TV reported that “Saudi enemy aircraft” hit Sanaa with 26 strikes, after earlier reporting “Saudi aggression”... https://www-scmp-com.libproxy1.nus.edu.sg/news/world/middle-east/article/3369667/flames-smoke-seen-aramco-facility-south-saudi-capital?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/world/middle-east/article/3369667/flames-smoke-seen-aramco-facility-south-saudi-capital?utm_source=rss_feed Sat, 03 Oct 2026 13:57:44 +0000 Emma Ma Emma Ma Heightened geopolitical tensions are pushing global crude benchmarks towards the critical US$100-a-barrel threshold, and investment banks have lifted their end-2026 price forecasts, dampening import appetite in China – the world’s largest net crude importer. Saudi Aramco oil installations at Jizan, home to a 400,000-barrel-per-day refinery, were attacked on Monday, the Financial Times reported, with authorities assessing the damage. Iranian-backed rebels had yet to claim responsibility for the... https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3366737/brent-crude-stares-down-barrel-us100-barrier-global-frictions-raise-supply-risk?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3366737/brent-crude-stares-down-barrel-us100-barrier-global-frictions-raise-supply-risk?utm_source=rss_feed Tue, 08 Sep 2026 08:54:12 +0000 Frank Chen Frank Chen A Chinese robotics firm is accelerating its overseas strategy, with a fleet of AI-powered industrial quadrupeds being primed for Saudi Aramco facilities, while revving up its bid for a listing in Hong Kong next year. Heavy-duty, explosion-proof robots from Micbot are tipped to join similar products from other suppliers at oilfields, petrochemical bases and mines operated by Aramco, according to Micbot’s chief marketing officer, Huang Ziyan. Unlike consumer-focused companies that make educational... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3365602/chinese-robot-maker-micbot-looks-woo-aramco-while-chasing-hong-kong-ipo?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3365602/chinese-robot-maker-micbot-looks-woo-aramco-while-chasing-hong-kong-ipo?utm_source=rss_feed Fri, 28 Aug 2026 09:38:42 +0000 Biman Mukherji Biman Mukherji A summit next month by the Brics grouping of nations has raised hopes that major players India and China will align to rally member states to resolve the Strait of Hormuz crisis, with the United States making little headway. Analysts say the forum from September 12 to 13 amid the global energy crisis wrought by the Middle East conflict could see parallel diplomacy, given the 11-member grouping’s economic clout accounts for about 40 per cent of the world’s gross domestic product. “I see a... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/politics/article/3363590/brics-stiffest-test-can-india-china-rally-bloc-resolve-strait-hormuz-crisis?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/politics/article/3363590/brics-stiffest-test-can-india-china-rally-bloc-resolve-strait-hormuz-crisis?utm_source=rss_feed Tue, 11 Aug 2026 05:30:09 +0000 Reuters Reuters Iran said on Sunday that a deal ⁠with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages but reiterated that the waterway would only reopen once the United States met other conditions. A US official said on Friday that an agreement between Iran and Oman was close and could soon reopen the waterway, which carried a fifth of global oil and liquefied natural gas shipments before Iran blocked it in response to US and Israeli attacks. Iranian Foreign Minister Abbas... https://www-scmp-com.libproxy1.nus.edu.sg/news/world/middle-east/article/3363457/iran-says-oman-deal-final-stages-us-must-act-open-hormuz?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/world/middle-east/article/3363457/iran-says-oman-deal-final-stages-us-must-act-open-hormuz?utm_source=rss_feed Sun, 09 Aug 2026 14:39:41 +0000 Agence France-Presse Agence France-Presse Iran and the United States held their fire on Monday, handing Gulf shipping and the oil industry a respite from missile strikes as Donald Trump’s UN envoy said the president was “giving talks some space”. Tehran said it had halted retaliatory attacks against Washington’s allies in the Middle East, and US ambassador to the United Nations Mike Waltz told Fox News Sunday that, while forces remained “locked and loaded”, Trump would give negotiations “a little bit of room”. Fighting over the... https://www-scmp-com.libproxy1.nus.edu.sg/news/world/middle-east/article/3362025/iran-halts-strikes-trump-gives-space-talks?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/world/middle-east/article/3362025/iran-halts-strikes-trump-gives-space-talks?utm_source=rss_feed Mon, 27 Jul 2026 13:05:22 +0000 Tom Hussain Tom Hussain Saudi Arabia and Yemen’s Tehran-allied Houthi movement edged closer to opening a new front in the Iran war overnight, after Riyadh bombed the port city of Hodeidah in retaliation for a Houthi missile strike on one of its ships in the Red Sea. The exchange marks the latest escalation since the Houthis, known formally as Ansar Allah, imposed an embargo on Saudi shipping on Monday, disrupting maritime traffic through the Bab el-Mandeb Strait, which connects Asia to Europe via the Suez Canal. A... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/politics/article/3361822/houthi-blockade-saudi-trade-threatens-wider-middle-east-conflict?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/politics/article/3361822/houthi-blockade-saudi-trade-threatens-wider-middle-east-conflict?utm_source=rss_feed Sat, 25 Jul 2026 08:00:18 +0000 Agence France-Presse Agence France-Presse A helicopter crash in Saudi Arabia killed 14 Saudi citizens on Sunday, the kingdom’s official press agency reported, adding that the aircraft belonged to state oil giant Aramco. The Saudi Press Agency, citing an official at the energy ministry, reported the helicopter crashed in Ras Tanura in the country’s east. “The accident claimed the lives of all 14 passengers, all Saudi citizens,” the agency said, adding that an investigation was under way to determine the cause of the crash. Aramco says it... https://www-scmp-com.libproxy1.nus.edu.sg/news/world/middle-east/article/3358664/saudi-aramco-helicopter-crash-kills-14?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/world/middle-east/article/3358664/saudi-aramco-helicopter-crash-kills-14?utm_source=rss_feed Sun, 28 Jun 2026 12:19:25 +0000 Daisy Wu Daisy Wu This is part of a series on the global impact of SpaceX’s historic IPO, tracing how mainland Chinese investors’ strategies, the Hong Kong market and wider capital flows are being reshaped by Elon Musk’s trillion‑dollar rocket gamble. The coming initial public offering (IPO) from Elon Musk’s SpaceX, which is expected to break fundraising records on Friday with a size of around US$75 billion, marks the phenomenal rise of tech giants in the global capital markets. Previous blockbuster IPOs, as... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3356623/elon-musks-spacex-these-were-worlds-5-largest-ipos?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3356623/elon-musks-spacex-these-were-worlds-5-largest-ipos?utm_source=rss_feed Wed, 10 Jun 2026 12:00:07 +0000 Daniel Ren Daniel Ren A liquidity drain caused by SpaceX’s gargantuan US share sale is unlikely to ripple into regional markets, including Hong Kong, thanks to global investors’ push to diversify and their growing interest in future profit stars, according to JPMorgan. Hong Kong could still aim for the runner-up position in fundraising this year despite potentially giving up the global initial public offering (IPO) crown to New York, said Paul Uren, the US bank’s Asia-Pacific investment banking head, on... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3354467/liquidity-drain-spacexs-mega-listing-unlikely-ripple-hong-kong-jpmorgan?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3354467/liquidity-drain-spacexs-mega-listing-unlikely-ripple-hong-kong-jpmorgan?utm_source=rss_feed Sat, 23 May 2026 01:30:09 +0000 Zhang Shidong Zhang Shidong Global initial public offering (IPO) markets are hunkering down ahead of SpaceX’s US$75 billion flotation, as billionaire Elon Musk’s commercial aerospace unit is set to siphon off capital and tighten liquidity amid rising expectations that the Federal Reserve will raise interest rates to curb inflation. With investor demand expected to be overwhelming, the offering on Wall Street could be the world’s biggest-ever, exceeding Saudi Aramco’s US$29.4 billion in 2019. SpaceX’s IPO would already be... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3354382/spacexs-whopping-us75-billion-ipo-sparks-liquidity-fears-fed-rate-increase-odds-rise?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3354382/spacexs-whopping-us75-billion-ipo-sparks-liquidity-fears-fed-rate-increase-odds-rise?utm_source=rss_feed Thu, 21 May 2026 22:00:12 +0000 Enoch Yiu,Daniel Ren Enoch Yiu,Daniel Ren Hong Kong is expected to remain among the top three initial public offering (IPO) markets worldwide this year, even though it will soon be dethroned by the US Nasdaq, which will host SpaceX’s jumbo flotation. Hong Kong Exchanges and Clearing’s (HKEX) main board is poised to lose its crown as the world’s largest market for IPOs when billionaire Elon Musk’s commercial aerospace unit is listed on the Nasdaq stock exchange, according to the prospectus filed by SpaceX in New York on Wednesday. The... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3354406/hong-kong-set-be-ousted-nasdaq-worlds-biggest-ipo-market-still-top-3?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3354406/hong-kong-set-be-ousted-nasdaq-worlds-biggest-ipo-market-still-top-3?utm_source=rss_feed Thu, 21 May 2026 13:00:15 +0000 Reuters Reuters LIV Golf CEO Scott O’Neil admitted the nascent golf league’s finances are “managed very tightly” and said structural changes are on the way, but he remained ⁠adamant Thursday that the league will not ⁠fold. O’Neil was interviewed by LIV employees on the TV broadcast of ⁠the first round of LIV Golf Mexico City, a day after the Financial Times reported that Saudi Arabia’s Public Investment Fund was on the verge of cutting its funding for the league it helped launch in 2022. O’Neil, who has been in... https://www-scmp-com.libproxy1.nus.edu.sg/sport/golf/article/3350397/liv-golf-ceo-scott-oneil-claims-business-usual-amid-reports-leagues-demise?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/sport/golf/article/3350397/liv-golf-ceo-scott-oneil-claims-business-usual-amid-reports-leagues-demise?utm_source=rss_feed Fri, 17 Apr 2026 03:35:53 +0000 Carol Yang Carol Yang Saudi Arabia is activating its Red Sea “Plan B” to divert crude via the port of Yanbu, allowing tankers – including Chinese very large crude carriers (VLCCs) – to bypass the Strait of Hormuz, though analysts warn the route has limited capacity. The move comes after Iran effectively closed the strait in response to United States and Israeli military strikes, a conflict now in its third week that has rattled global energy markets. New Vista, a VLCC owned by China Merchants Energy Shipping, had... https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3347045/red-sea-fix-china-bound-oil-tankers-tap-saudi-plan-bypass-strait-hormuz?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3347045/red-sea-fix-china-bound-oil-tankers-tap-saudi-plan-bypass-strait-hormuz?utm_source=rss_feed Wed, 18 Mar 2026 14:00:08 +0000