Anthony Di Paola

(Bloomberg) -- Aramco held its quarterly dividend at $31 billion, despite lower profit, as Saudi Arabia's multitrillion-dollar economic transformation plans widen the budget deficit.

Aramco held its quarterly dividend at $31 billion, despite lower profit, as Saudi Arabia’s multitrillion-dollar economic transformation plans widen the budget deficit.

Aramco Keeps $31 Billion Payout With Saudi Finances Wobbling Anthony Di Paola 2 min read

(Bloomberg) -- Saudi Arabia’s oil giant Aramco kept up its $31 billion dividend to help feed state coffers, despite rising debt.Most Read from BloombergFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowParis Restricts Through Traffic in City CenterIstanbul Tries Free Public Transit to Help Job SeekersThe Answer To Making Cities More Family-Friendly? CourtyardsIn Warsaw, Falling Road Deaths Signal a Traffic Safety TurnaroundThe company, majority owned by the Saudi state

Saudi Arabia lowered oil prices for buyers in Asia for December after members of the OPEC+ producers group said they will push back production increases by one month.

Abu Dhabi National Oil Co. agreed to sell liquefied natural gas to Germany’s SEFE for 15 years starting 2028, a deal that expands the United Arab Emirates’ efforts to become a key supplier of the fuel.

Donald Trump’s impending return to the White House has brought Iran’s booming oil flows back into focus — as well as the possibility that the president-elect will once again try to crush them.

'The vote between Harris and Trump was literally up or down on Iranian supply'.

The biggest supplier of liquefied natural gas in the United Arab Emirates sees strong demand for the fuel through the rest of the decade just as it boosts supply.

Iran has the world’s second-biggest reserves of natural gas, but that’s still not enough for the country to keep the lights on this winter.