BIZARRE: 10 - You Need To See This

Saudi Arabia raises oil prices for Asia to record levels

Saudi Arabia raised oil prices for buyers in Asia to record levels, a sign the world’s largest exporter sees the region’s market remaining tight.

Bangkok Post · Aug 4, 2022

Aramco Agrees to Acquire Valvoline’s Global Products Business

Saudi Aramco announced on Monday the signing of an equity purchase agreement to acquire Valvoline Inc. global products business (“Valvoline Global Products” or “VGP”) for US$2.65 billion. The transaction is subject to certain customary adjustments set forth in the equity purchase agreement. Valvoline Global Products is a leading worldwide independent…

Asharq Al-Awsat · Aug 1, 2022

Valvoline to sell its global products arm to Saudi's Aramco

Saudi Aramco has announced a $2.65 billion agreement to acquire Valvoline’s global products business, which includes motor oils, transmission fluids, coolants and other automotive maintenance products

The Independent UK · Aug 1, 2022

Vettel highlights Canada’s oil sands “climate crime” with new F1 helmet

Sebastian Vettel is using the Formula 1 Canadian GP weekend to flag what he calls the country’s “climate crime” by wearing a special helmet.

Autosport · Jun 18, 2022

Vettel highlights Canada’s oil sands “climate crime”

Sebastian Vettel is using the Formula 1 Canadian GP weekend to flag what he calls the country’s “climate crime” by wearing a special helmet.

Motorsport · Jun 18, 2022

Non-government Members Appointed on Saudi Central Bank’s Board

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, has agreed to appoint five non-government members to the Board of Directors of the Saudi Central Bank to lead the Kingdom’s financial sector. Sheila Al-Rowaily, who worked with Saudi Aramco, has become the first woman to join the board…

Asharq Al-Awsat · Jun 10, 2022

Saudi Arabia hikes July crude prices surprisingly high for Asia buyers

Saudi Arabia, the world's top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.

Reuters · Jun 6, 2022

Elon Musk Reveals Tesla's Main Rival, And It's Not An Automaker

Musk has noted in the past that Tesla's rivals aren't competing EVs, but rather, gas-powered cars. Now, he takes that reasoning a huge step further.

InsideEVs · May 31, 2022

Google Cloud Chief Clarifies Aramco Deal Is Not For Oil Production

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud head Thomas Kurien clarified that its deal with oil giant Saudi Aramco did not include oil production, Bloomberg reports. “We work with Aramco system integration division, not with the oil-and-gas division,” Kurian said. Google’s critics, including its employees, have claimed that providing cloud tools to oil-and-gas…

Benzinga · May 27, 2022

Aramco CEO Warns of Global Oil Crunch Due to Lack of Investment

The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures, the head of Saudi Aramco told Reuters, adding it cannot expand production capacity any faster than promised. Amin Nasser, head of the world's largest oil…

Asharq Al-Awsat · May 23, 2022