Saudi Aramco May Unveil Financials In Early 2018
If Saudi authorities decide this year which foreign stock market will be the venue of what would be the biggest IPO in history, and if the government finalizes energy subsidy Continue Reading
Aramco Plans to Buy Non-Saudi Crude in Global Trading Expansion
Saudi Aramco plans to expand its trading business by buying and selling non-Saudi crude as the world’s biggest exporter prepares for what could be a record initial public offering. (Bloomberg) Continue Reading
Will Low Oil Prices End Saudi Arabia’s Gas Subsidies?
Although Saudi Arabia has managed to narrow its budget deficit, the Kingdom continues to feel the fiscal pressure of low oil prices, and is mulling over the phasing out of Continue Reading
Saudis May Raise Domestic Gasoline Prices by 80%
Plan would boost gasoline to parity with international prices Increases in other Saudi energy prices seen early next year Saudi Arabia is considering a plan to raise domestic prices for Continue Reading
Why Aramco Delayed Its IPO
International news reports have stated that the Saudi government is currently putting together contingency plans for a possible delay to the biggest IPO ever. The listing of 5 percent of Continue Reading
Saudis Prepare for Possible Aramco IPO Delay to 2019
Government still aims for 2018, but timetable is getting tight Decision on where to list overseas may come in late October Saudi Arabia is preparing contingency plans for a possible Continue Reading
Saudi Arabia Detains Critics as New Crown Prince Consolidates Power
Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia, last year. Some Saudis see some see him as a power-hungry upstart who is overturning decades of tradition. BEIRUT, Lebanon — Continue Reading
Houthis Threaten Saudi Oil Tankers
Houthi leader Abdel-Malek al-Houthi said his rebel alliance would begin attacking Saudi oil tankers should the Kingdom begin an offensive against the key Yemeni port of Hodeidah, according to a Continue Reading
Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia
« German government awards €4.1M to Fastned to build 25 fast charging stations | Main | Mobileye and Munich Re partnering to reduce commercial fleet collisions » A number of Continue Reading
Saudi Arabia Pushes OPEC on New Tack to Curb Oil Supplies
Saudi Arabia’s energy minister, Khalid al-Falih, right, wants OPEC to focus more on exports in a bid to lift oil prices. Above, Mr. Falih with Russian Energy Minister Alexander Novak, Continue Reading