Expect New Aramco IPO Details This Week
Aramco’s 5 percent IPO—the world’s largest ever—continues to make headlines. Some analysts claim that the IPO is in danger of failing. Other sources report that the company is considering a Continue Reading
Aramco: Mass EV Adoption Still Decades Away
Though electric vehicles are gaining popularity worldwide, Saudi Aramco CEO Amin Nasser believes that the new cars will not compose a significant portion of on-road vehicles for decades, according to Continue Reading
Saudi Aramco’s IPO Has Never Been Linked To Oil Prices, CEO Says
Contrary to what oil market observers have been saying for months, the plans for listing 5 percent in Saudi Aramco have never been connected to the state of the oil Continue Reading
Saudi Crown Prince Tells Investors He’s Taking On Extremists
Mohammed bin Salman vows to return country to ‘moderate’ Islam Comments follow announced reforms in women’s rights, oil It was a comment that stunned the people in the room. At Continue Reading
Iraq expands southern export capacity
Basra Gulf terminals increase loading capabilities ahead of plans to boost exports. Iraqi Deputy Oil Minister Karim Hattab inspects the Khor al-Amaya Oil Terminal on June 11, 2017. (Source: Iraq Continue Reading
The ‘sweet spots’ fueling the US shale oil boom ‘will not last forever,’ Saudi Aramco CEO says
Saudi Aramco’s CEO says he does not worry about the booming U.S. shale oil output. The “sweet spots” that American frackers are focusing on will eventually deplete, forcing them to Continue Reading
300,000 Bpd Offline As Kurdistan Conflict Continues
Crude oil flows from Kurdistan to Turkey’s port city of Ceyhan continued at rates of between 200,000 and 250,000 bpd over the weekend, versus a normal flow of between 550,000 Continue Reading
Iraq asks BP to boost oil production from Kirkuk: spokesman
Iraqi Oil Minister Jabar al-Luaibi met a senior BP executive on Monday to discuss developing and boosting production from Kirkuk oilfield, a ministry spokesman said. Luaibi, who met BP’s president Continue Reading
Saudi Aramco CEO Affirms IPO On Track For H2 2018
Saudi Aramco has once again refuted reports of the past month that it could delay the listing of 5 percent of its shares in what is expected to be the Continue Reading
Saudi energy minister says flexible, options open on OPEC pact
Saudi Energy Minister Khaled al-Falih said on Tuesday that there was flexibility and options were open on an OPEC-led supply cut agreement. Mohammed Falih, who holds the rotating presidency of Continue Reading