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A service for energy industry professionals · Monday, May 5, 2025 · 809,460,420 Articles · 3+ Million Readers
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SABIC (Saudi Basic Industries Corp) News Monitoring

  • Published on May 4, 2025

    Sabic posts Q1 loss on higher expenses and feedstock prices

    Saudi Basic Industries Corporation (Sabic), the Middle East's biggest petrochemicals company, swung to a loss in the first quarter, a second quarterly drop in income in a row as feedstock prices rose amid continued global macro economic uncertainty. …

    Source: The National News - Pro-Government
  • Published on May 4, 2025

    SABIC reports SR1.2 billion loss in Q1 2025

    Saudi Gazette report RIYADH — SABIC announced on Sunday a net loss of SR1.2 billion for the first quarter of 2025 — a 36% improvement from the SR1.9 billion loss recorded in the previous quarter, driven by one-time restructuring costs and continued global …

    Source: Saudi Gazette - Indeterminate
  • Published on May 4, 2025

    SABIC losses narrow to $320m in Q1

    SABIC, a global leader in chemicals, reported a net loss of SAR1.2 billion ($320 million) for the first quarter of 2025, representing a 36% improvement compared to a net loss of SAR1.9 billion in the previous quarter.   Commenting on the results, …

    Source: Trade Arabia - Neutral
  • Published on May 4, 2025

    Saudi chemicals group SABIC reports Q1 net loss of $323 million

    Saudi chemicals giant SABIC 2010.SE reported a net loss of 1.21 billion Saudi riyals ($323 million) in the first quarter of 2025, compared to a profit of 0.25 billion riyals a year ago. The company said in February that it planned to cut costs and find new …

    Source: Business Recorder - Neutral
  • Published on May 4, 2025

    Most Gulf markets gain on signs of easing trade woes; Saudi falls

    Most stock markets in the Gulf ended higher on Sunday helped by renewed optimism around a potential resolution of the U.S.-China trade dispute, although the Saudi index retreated on poor earnings and weak oil. Beijing is evaluating Washington’s offer to …

    Source: Business Recorder - Neutral
  • Published on May 4, 2025

    Saudi Chemicals Giant Posts Another Surprise Earnings Loss

    Sabic’s margins may remain under pressure in 2025, due in part to sustained weakness in consumption, according to Salih Yilmaz, senior analyst at Bloomberg Intelligence. Still, supply-demand fundamentals should gradually become more favorable as central …

    Source: Financial Post - Center-right
  • Published on May 3, 2025

    Bio-Polypropylene Market to Reach USD 116 Million by 2029

    The report “Bio-polypropylene Market by Source (Edible and Non Edible Oil, Starch), End-Use Industry (Construction, Automotive, Consumer Goods, Packaging), Application (Injection Molding, Textiles, Films), & Region – Global Forecast to 2029″, size is …

    Source: Textile Value Chain - Pending
  • Published on May 3, 2025

    Google Cloud AI Helps Formula E In Groundbreaking 'Mountain Recharge' Energy Feat

    (MENAFN- PR Newswire) GENBETA car completes Monaco E-Prix lap powered solely by regenerative braking after AI-planned mountain descent; the feat was filmed and produced by Red Bull Media House MONTE CARLO, Monaco and LONDON, May 3, 2025 /PRNewswire…

    Source: MENAFN - Indeterminate
  • Published on May 2, 2025

    Global Methanol Market Size, Share & Trends By 2028.

    (MENAFN- Straits Research) Introduction As a hydrogen carrier fuel, methanol is produced from a variety of sources including high ash coal, agricultural residue, CO2 from thermal power plants, and natural gas, aligning with global commitments to reduce …

    Source: MENAFN - Indeterminate
  • Published on May 1, 2025

    Plant tour: Hexagon Purus, Kassel, Germany

    Hexagon Purus’ production line for Type 4 pressure vessels in Germany is fully automated and connected, using robotics and a takt time-optimized digital control system to produce different size and pressure CFRP cylinders, one after the other, on a single …

    Source: CompositesWorld - Neutral
  • Published on Apr 30, 2025

    Sweid & Sweid Completes Acquisition Of Office Tower In Dubai Media City

    (MENAFN- AETOSWire) Sweid & Sweid, the Dubai-based real estate private equity and development firm, has completed the acquisition of Aurora Tower, a 27-storey office building located in Dubai Media City. Aurora Tower represents Sweid & Sweid's …

    Source: MENAFN - Indeterminate
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  • Published on May 4, 2025 - 12:01 GMT

    India insulates itself from oil shocks

    (MENAFN) India is making strategic moves to protect itself from global oil market volatility, with crude imports from the US reaching a 27-month high in April 2025. This shift toward dependable suppliers comes amid sanctions on Venezuela and Iran. …

    Distribution channels: ...
  • Published on May 4, 2025 - 08:03 GMT

    Oil Giant Shell Reports Profits Higher Than Expected

    (MENAFN) Energy conglomerate Shell posted first-quarter earnings that surpassed analysts’ predictions, continuing its commitment to shareholder returns, even though its net income declined by 28 percent. Based on an official company release, Shell recorded …

    Distribution channels:
  • Published on May 4, 2025 - 22:36 GMT

    Independent Non-Executive Director Appointed

    PERTH, Australia, May 04, 2025 (GLOBE NEWSWIRE) -- Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (Paladin or the Company) is pleased to announce the appointment of Anne Templeman-Jones as independent non-executive director of the Company. Ms Templeman …

    Distribution channels: Companies, Mining Industry ...
  • Published on May 4, 2025 - 15:02 GMT

    Russia anticipates huge surge in budget deficit

    (MENAFN) Russia’s Finance Ministry has announced that the country’s budget deficit for 2025 is expected to be more than three times its original estimate, due to falling global oil prices and heightened international trade tensions. Finance Minister Anton …

    Distribution channels: ...
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