Companies that continue to do business with Iran, including oil trades allowed under US waivers, will have to conduct more due diligence after the US designated the Islamic Revolutionary Guard Continue Reading
Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from U.S. sanctions against the OPEC-member, four sources Continue Reading
Saudi Aramco has attracted orders in excess of $85 billion for its planned debut international bond, a source familiar with the matter said. Aramco was expected to raise around $10 Continue Reading
It is bigger and more profitable than Apple, Alphabet and Amazon combined. Aramco opens its books in the first step toward a potential public listing. Aramco has won about $60 Continue Reading
Saudi Aramco, the national oil company of Saudi Arabia, is by far the largest oil company in the world. The company produces around 13 percent of the world’s oil, but Continue Reading
Demand for Saudi Aramco’s inaugural international bond, which will be issued this week, is higher than $30 billion, Saudi Energy Minister Khalid al-Falih said on Monday. State-owned Saudi Aramco, the Continue Reading
The United Arab Emirates’ energy minister said on Monday that the use of the U.S. dollar as the main oil trading currency could not be changed overnight. “Trading with the Continue Reading
Saudi Arabia threatened to use the “nuclear option” of undermining the petro-dollar if the U.S. moves forward with the NOPEC bill. The U.S. Congress has been mulling legislation , known Continue Reading
Saudi Arabia has gone nuclear, threatening the petrodollar . Or has it? The report from Zerohedge via Reuters that Saudi Arabia is angry with the U.S. for considering a bill Continue Reading
Saudi Arabia has threatened the United States to stop using dollars for its oil trades in an attempt to discourage legislators from passing a bill dubbed NOPEC aimed at holding Continue Reading
