Saudi Arabia Secretly Targeting $80 Oil
Saudi Arabia is likely targeting oil prices at $80 a barrel to boost the valuation of its oil giant Aramco ahead of its much-hyped IPO and to help finance increasingly Continue Reading
Exxon, Qatar in Talks on U.S. Shale Deal
Exxon Mobil Corp. XOM 2.94% is in talks with Qatar over a partnership that could see the Middle Eastern nation owning U.S. gas, people familiar with the matter said. The Continue Reading
Iraq exports hit infrastructure ceiling
Oil slicks in the Basra Gulf reveal that Iraq’s export ambitions may be putting too much pressure on outdated pipelines. Iraqi Deputy Oil Minister Karim Hattab inspects the Khor al-Amaya Continue Reading
Saudi Aramco signs deals with French companies worth $10 billion: Al Arabiya
Saudi Aramco will sign eight deals with French companies worth $10 billion, the chief executive of the state-run oil giant told Saudi-run Al Arabiya TV on Monday during an official Continue Reading
Iraq is barely committed to OPEC deal, data show
Iraq, one of the leading producers in OPEC, continues to be among those doing the least to support an agreement credited with supporting oil prices, data show. The Organization of Continue Reading
Higher Oil Prices Boost Saudi Credit Rating
After suffering from plunging global oil prices in 2015 and 2016, Saudi Arabia can take a much-deserved bow over its success, along with other OPEC and non-OPEC producers, in reigning Continue Reading
Saudi Exchange Ready For Aramco Listing
Saudi Arabia’s stock exchange Tadawul is experiencing an influx of foreign funds and expects even more in the future, confident that this will enable the bourse to accommodate the listing Continue Reading
How Saudi Arabia’s Tiny Exchange Is Preparing to Host the World’s Biggest IPO
Saudi Arabia’s meager stock exchange hosts around 191 companies whose value totals roughly $500 billion, or a little more than half the value of Apple Inc. With one more very Continue Reading
Iraqi Court To Hear Oil Export Argument With Kurds In May
Normalizing relations between the Iraqi central government and Iraqi Kurdistan will take a new twist beginning in May when Iraq’s top court starts hearings on the issue with officials from Continue Reading
Kurdistan oil lawsuit moves forward
Iraq’s Federal Supreme Court will finally hear a six-year-old case on the fundamental constitutional conflicts that underpin Baghdad-Erbil oil disputes. Iraq’s highest judicial authority will soon hear a long-delayed case Continue Reading