New Iranian Attack On Saudi Oil Is ”Very Possible”
Despite the buildup of U.S. military presence in the Persian Gulf, Iran may “attack again,” the chief of the U.S. Central Command, General Kenneth McKenzie told Foreign Policy in an Continue Reading
China’s imports of Saudi Arabian crude hit new high, Venezuelan inflows vanish
China’s crude imports from Saudi Arabia surged 76% year on year to hit new high of 1.99 million b/d in October, while there were no arrivals from Venezuela in the Continue Reading
How the Saudi Aramco IPO Came Back to Life
Khalid al-Falih had opposed Saudi Crown Prince Mohammed bin Salman for months. The powerful energy minister had repeatedly stalled Saudi Aramco’s massive share sale. At a July gathering, he again Continue Reading
Is The Aramco IPO The Ultimate Pump And Dump?
It’s finally happening: after months of delays and mixed signals, Saudi Arabia is in the final stage of preparing for the launch of what most see as the biggest listing Continue Reading
Aramco IPO Raises $20 Billion In Orders
The Saudi Aramco IPO has garnered $19.47 billion (73 billion riyals) in institutional and retail orders so far, Saudi Arabia’s Samba Financial Group reported on Thursday afternoon, according to Reuters Continue Reading
An Overpriced IPO Won’t Help Aramco
Crown Prince Mohammed bin Salman is insisting on a high starting price for Saudi Aramco. He may end up with a lot of ungrateful subjects. State institutions usually go public Continue Reading
Saudi Crude Oil Exports Drop To 2-Year Low In September
Saudi Arabia’s crude oil exports dipped to a 22-month low of 6.67 million bpd in September, when the Kingdom was hit by attacks on its oil infrastructure that knocked 5 Continue Reading
How Riyadh’s Saudi Aramco ambitions were thwarted
Some of the world’s top investment bankers gathered at a Riyadh palace on Saturday to deliver their final recommendations on a project that had consumed the government of Saudi Arabia Continue Reading
Saudi Arabia’s Aramco IPO could be the deal of the century. But I’ve got a few questions nobody is answering.
Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the Continue Reading
Saudi Arabia’s Final Attempt To Boost Aramco’s Valuation
Saudi Arabia is gearing up for the Aramco IPO, pulling out all the stops to boost the company’s valuation. But it’s a desperate attempt that is riddled with risk. Saudi Continue Reading