Aramco completes acquisition of additional stake in Petro Rabigh
Aramco has advanced its strategic downstream expansion with the acquisition of an additional 22.5% stake in Petro Rabigh from Sumitomo for US$702 million (SAR 7 per share).
Refining - 09 October 2025
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EIA adjusts forecast for US oil production after record set
The US Energy Information Administration (EIA) forecasts in its October Short-Term Energy Outlook (STEO) that US crude oil production will average 13.5 million bpd in both 2025 and 2026, both slightly higher than the agency’s September forecast.