Saudi Aramco will sell oil to Asian markets next month at its highest discount since Covid. The Saudi state-owned energy company is offering an average cut of $5.24 per barrel against Oman and Dubai benchmarks, according to its pricing sheet for November.
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UAE renewables company Masdar has started construction on three battery energy storage projects in Spain. The projects will add more than 60 megawatts of battery storage capacity and over 120 megawatt-hours of storage to solar plants in the Extremadura and…
Saudi Aramco's financial results and Saudi Arabia's third-quarter budget performance report, released on the same day, revealed a divergence between the company's rising profits and declining government oil revenue recorded in the state budget.
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