Did Aramco Just Open Pandora’s Box?
Saudi Aramco, the world’s largest oil company, has for the first time ever issued a bond prospectus to financial markets, shedding some light on its financial structure and management. By Continue Reading
Expect Higher Oil Prices As OPEC Clashes With Trump
The ongoing turf war between U.S. president Donald Trump and OPEC+ where the oil market needs to be heading is again heating up. With a barrage of accusations, Trump has Continue Reading
Saudi Aramco gets first credit ratings ahead of bond debut
Saudi Aramco, the world’s top oil producer, has been rated A+ by Fitch and A1 by Moody’s in its first-ever credit ratings, ahead of the state oil giant’s first global Continue Reading
Aramco to pay $69.1 billion SABIC acquisition in tranches: document
Saudi Aramco intends to pay for its $69.1 billion acquisition of a majority stake in Saudi Basic Industries Corp’s (SABIC) in separate tranches, according to a presentation given by Aramco Continue Reading
Aramco Is the World’s Most Profitable Company, Ratings Agencies Say
Saudi Aramco made $111 billion in net income last year, according to rating agency Moody’s Investors Service, making the oil and gas firm the most profitable company in the world. Continue Reading
Trump and Saudi Arabia at odds over oil prices: Kemp
U.S. President Donald Trump and the Saudi government have closely aligned views on most issues but they disagree significantly on the desirable level for oil prices, which could become a Continue Reading
Saudi’s SABIC sticking with growth plans, will discuss synergies with Aramco
Saudi Basic Industries Corp’s (SABIC) investment plans will not be affected by oil giant Aramco’s purchase of a 70 percent stake in the company, its chief executive said on Friday, Continue Reading
Aramco Plans $10 Billion Bond, Casting Light on Its Finances for First Time
Saudi Aramco plans to issue a $10 billion bond as early as next week to help fund its acquisition of a majority stake in Saudi Arabia’s petrochemicals firm, people familiar Continue Reading
Washington’s Secret Nuclear Deal With Saudi Arabia
Washington has secretly given the go-ahead to several companies to sell nuclear power technology to Saudi Arabia, Reuters reports , citing a document it had obtained. The document featured an Continue Reading
U.S. energy secretary unsure if Saudi nuclear approvals came after Khashoggi killing
U.S. Energy Secretary Rick Perry told lawmakers on Thursday he did not know whether any of the approvals he authorized for U.S. companies to sell nuclear power technology to Saudi Continue Reading