Trending Now - Aramco's Q1 Profits Soar 25% by Rerouting Oil Exports
WHO:
AP News - Aramco, the world’s largest oil company, is formally known as the Saudi Arabian Oil Co.
AP News - Amin Nasser is the President and CEO of Aramco.
WHAT:
AP News - The price of Brent crude rose 2.58% to $103.91 per barrel, which is below its heights above $119 during the war but significantly higher than its roughly $70 level from late February before the fighting began.
The Guardian - Nasser stated that if trade flows resume immediately through the Strait of Hormuz, it will take a few months for the oil market to rebalance.
The Guardian - Nasser warned that if trade and shipping remain curtailed for more than a few weeks, the supply disruption is anticipated to persist and the market may not normalize until 2027.
The Guardian - Aramco announced it would maintain its quarterly dividend at $21.9 billion after increasing the payout by 3.5% at the end of the previous year.
Bloomberg Markets - Aramco reported a profit of $33.6 billion for the first quarter, a 26% increase compared to the previous year.
Bloomberg Markets - The company stated that global oil markets are losing 100 million barrels every week while the Strait of Hormuz is shut.
The Guardian - Nasser warned that if trade and shipping remain curtailed for more than a few weeks, the market may not normalize until 2027.
The Guardian - Profits at Saudi Aramco hit $33.6 billion in the first three months of the year, while revenue rose nearly 7% compared with a year earlier to $115.5 billion.
The Guardian - Nasser stated that if trade and shipping remain curtailed for more than a few weeks, the supply disruption is anticipated to persist and the market may not normalize until 2027.
The Guardian - The price of Brent crude rose to about $100 a barrel, approximately 40% higher than before the conflict.
The Guardian - Profits at Saudi Aramco hit $33.6 billion in the first three months of the year, while revenue rose nearly 7% compared with a year earlier to $115.5 billion.
The Guardian - Nasser stated that if trade and shipping remain curtailed for more than a few weeks, the supply disruption is anticipated to persist and the market may not normalize until 2027.
AP News - The price of Brent crude rose 2.58% to $103.91 per barrel, significantly higher than its level of approximately $70 before the Iran war began.
AP News - Aramco produced 11.1 million barrels of oil per day in the fourth quarter of 2025.
AP News - Aramco reported a profit of $32.5 billion for the quarter ending March 31, representing a 25% increase from the same period a year ago.
ABC News - Aramco's first-quarter profits jumped 25% over last year due to increased exports using a pipeline.
AP News - The East-West Pipeline is now operating at maximum capacity of 7 million barrels of oil per day.
ABC News - Aramco reported a 12% decline in annual profits in 2025.
WHERE:
AP News - Aramco is based in Dhahran, Saudi Arabia.
ABC News - The East-West Pipeline runs across Saudi Arabia from its Eastern oil fields to the Red Sea.
WHEN:
AP News - The profit report is for the quarter ending March 31.
AP News - The U.S. and Israel attacked the Strait of Hormuz on February 28.
ABC News - A U.S. naval blockade was imposed last month.
WHY:
The Guardian - The disruption in the Strait of Hormuz has triggered a spike in global energy prices, with Brent crude trading at about $100 a barrel, approximately 40% higher than before the conflict.
The Guardian - The disruption in the Strait of Hormuz has affected not only oil but also large supplies of natural gas, fertilizer, and other petroleum products.
AP News - The disruption in the Strait of Hormuz has affected not only oil but also large supplies of natural gas, fertilizer, and other petroleum products.
AP News - The increase in profits is attributed to the disruption of oil supplies and raised prices due to the Iran war.
ABC News - The shipping disruption in the Strait of Hormuz has affected oil exports.
HOW:
The Guardian - Nasser emphasized that the east-west pipeline has proven to be a critical supply artery, helping to mitigate the impact of a global energy shock.
The Guardian - Nasser warned that the continued blockade of the Strait of Hormuz would be a “catastrophe” for global oil markets.
The Guardian - Aramco's east-west pipeline allows it to ship oil from its east coast to the Red Sea port of Yanbu.
ABC News - Amin Nasser stated that the East-West Pipeline is “helping to mitigate the impact of a global energy shock and providing relief to customers.”
AP News - Aramco shifted some oil exports to a pipeline to avoid the disrupted Strait of Hormuz.
ABC News - The East-West Pipeline is helping to mitigate the impact of a global energy shock and providing relief to customers.
(UPDATED May 11, 2026 19:27 UTC)
Brent crude prices have surged by 2.58% to $103.91 per barrel, reflecting a significant increase from late February's levels of around $70, although still below the highs of over $119 seen during the conflict. Nasser has indicated that if trade flows through the Strait of Hormuz resume quickly, it could take a few months for the oil market to rebalance, but warned that prolonged disruptions could delay normalization until 2027. Meanwhile, Aramco has announced it will maintain its quarterly dividend at $21.9 billion after a 3.5% increase at the end of last year, amid the ongoing volatility in global energy prices.
--
(UPDATED May 11, 2026 15:56 UTC)
Aramco has reported a profit of $33.6 billion for the first quarter, marking a significant 26% increase compared to the previous year. The company also highlighted that global oil markets are currently losing 100 million barrels each week due to the closure of the Strait of Hormuz, with CEO Nasser warning that if trade and shipping disruptions continue for more than a few weeks, the market may not stabilize until 2027. Nasser further emphasized the importance of the east-west pipeline, which has been crucial in alleviating the effects of this global energy shock.
--
(UPDATED May 11, 2026 08:03 UTC)
Saudi Aramco reported impressive profits of $33.6 billion in the first quarter, with revenue climbing nearly 7% to $115.5 billion compared to the same period last year. The ongoing disruption in the Strait of Hormuz has not only impacted oil supplies but also large quantities of natural gas, fertilizer, and other petroleum products, and if trade remains curtailed for more than a few weeks, the market may not normalize until 2027. Nasser emphasized that the continued blockade of this critical shipping route would be a “catastrophe” for global oil markets, as Brent crude prices have surged to about $100 a barrel, roughly 40% higher than before the conflict began.
--
(UPDATED May 11, 2026 06:14 UTC)
Saudi Aramco reported impressive profits of $33.6 billion in the first quarter, with revenue climbing nearly 7% year-over-year to reach $115.5 billion. CEO Amin Nasser warned that if trade and shipping disruptions continue for more than a few weeks, the market may not stabilize until 2027. The company utilizes its east-west pipeline to transport oil from its east coast to the Red Sea port of Yanbu.
--
(UPDATED May 11, 2026 04:18 UTC)
The price of Brent crude has surged by 2.58% to $103.91 per barrel, a significant increase from around $70 prior to the Iran war. This rise is attributed to disruptions in the Strait of Hormuz, which have impacted not only oil supplies but also natural gas, fertilizer, and other petroleum products. In response to these challenges, Aramco's CEO Amin Nasser mentioned that the East-West Pipeline is playing a crucial role in mitigating the effects of a global energy shock and providing relief to customers.
--
(UPDATED May 11, 2026 01:30 UTC)
Aramco, the world’s largest oil company based in Dhahran, Saudi Arabia, has reported a staggering profit of $32.5 billion for the quarter ending March 31, marking a 25% increase from the same period last year. This surge in profits is largely attributed to the company's strategic shift of oil exports to the East-West Pipeline, which is now operating at maximum capacity of 7 million barrels per day, helping to mitigate the impact of disruptions in the Strait of Hormuz. Despite a 12% decline in annual profits in 2025, the increased exports and higher prices due to the ongoing Iran war have provided significant relief to customers amid a global energy shock.