Rosneft takes key step in push into Middle East
Russia’s Rosneft will this week take custody of its first independently sourced cargo of Kurdish crude oil from Turkey’s port of Ceyhan, a key step in its strategic push into Continue Reading
Are Gulf Oil Producers Falling Into The ‘Venezuela Trap’?
Oman has struck a deal with several banks for a $4 billion loan to be repaid in future oil deliveries. Abu Dhabi signed a contract with commodity trading giant Vitol Continue Reading
Aramco Hires JPMorgan, Morgan Stanley, HSBC for IPO Roles
Saudi Arabian Oil Co. has appointed JPMorgan Chase & Co., Morgan Stanley and HSBC Holdings Plc for key roles on its initial public offering, according to people familiar with the Continue Reading
Saudi Arabia likely to cut May crude prices to Asia on weak demand
Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in May to track weak demand in the region, trade sources said Continue Reading
After energy agreement, Iran sees growing trade with Russia
Boasting that it’s a result of a multilateral nuclear deal, OPEC-member Iran said its trade volume with oil-rich Russia could pass the $10 billion mark. Iranian President Hassan Rouhani hosted Continue Reading
OPEC compliance with oil curbs rises in March as UAE joins cut: survey
OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies Continue Reading
U.S. Lawmakers Back Measures to Protect Israel By Punishing Iran
Aiming to prove their commitment to Israel, senior U.S. lawmakers are backing bipartisan legislation that would slap Iran with new sanctions while maintaining rigorous enforcement of the landmark nuclear deal. Continue Reading
Saudi Arabia Will Not Break The OPEC Deal
The OPEC deal is turning out to be a failure, but has it led the Saudi’s to abandon the deal? Have they cheated on their numbers? These were the questions Continue Reading
Saudi Aramco to Price Islamic Bond in $10 Billion Debt Push
Saudi Arabian Oil Co. set final pricing for its debut Islamic bond as the company presses ahead with plans to raise $10 billion in debt, according to a person with Continue Reading
Saudi Aramco’s Valuation Could Top $1 Trillion After Tax Cut
Saudi Aramco could have a market value of more than $1 trillion in an initial public offering after the government slashed the oil producer’s tax burden to attract investors, analysts Continue Reading