Saudi Arabia surprised the market with a large cut in crude production, an assertion of primacy over the global oil industry that came directly from the kingdom’s de-facto ruler.
— Read on www.bloomberg.com/news/articles/2021-01-05/saudi-arabia-said-to-plan-voluntary-oil-output-cut-in-february
Tag: Saudia Arabia
Saudi Arabia’s oil exports to US skyrocketed amid coronavirus lockdowns
Saudi oil shipments to the U.S. have nearly quadrupled since February to a whopping 1.46 million barrels per day in the first two weeks of April alone.
— Read on www.cnbc.com/2020/04/17/saudi-arabias-oil-exports-to-us-skyrocketed-amid-coronavirus-lockdowns.html
Saudis plan big oil output hike, beginning all-out price war – BNN Bloomberg
Saudis plan big oil output hike, beginning all-out price war – BNN Bloomberg
— Read on www.bnnbloomberg.ca/saudis-plan-big-oil-output-hike-beginning-all-out-price-war-1.1402136
Saudi Aramco IPO: Shares surge as trading begins
The oil giant’s initial public offering has surpassed its earlier valuation of $1.7 trillion.
— Read on www.cnbc.com/2019/12/11/saudi-aramco-ipo-shares-surge-as-trading-begins.html
Aramco IPO News: China Considers $10 Billion Stake in Saudi Oil – Bloomberg
Chinese state-owned entities are in talks about investing a combined $5 billion to $10 billion in Aramco’s initial public offering, as Saudi Arabia seeks commitments from friendly governments to shore up the record share sale, people with knowledge of the matter said.
— Read on www.bloomberg.com/news/articles/2019-11-06/china-said-to-discuss-at-least-5-billion-aramco-ipo-investment
Saudi Aramco IPO to Have Lower Valuation – Bloomberg
Saudi Arabia will compromise on valuation to ensure the initial public offering of Aramco is a success.
— Read on www.bloomberg.com/news/articles/2019-11-01/saudi-crown-prince-said-to-give-green-light-for-aramco-ipo
Aramco IPO will come soon, Saudi crown prince to decide: energy minister – Reuters
The initial public offering (IPO) for state-owned oil company Saudi Aramco will come soon, and will be a decision taken by Saudi Crown Prince Mohammed bin Salman, the kingdom’s energy minister said on Wednesday.
— Read on www.reuters.com/article/us-saudi-investment-aramco/aramco-ipo-will-come-soon-saudi-crown-prince-to-decide-energy-minister-idUSKBN1X90KQ
Aramco Tells IPO Bankers It Made $68 Billion in 9 Months
(Bloomberg) — Saudi Aramco earned $68 billion in the first nine months of the year, cementing its position as the world’s most profitable company, according to people familiar with the figures.The state-owned oil producer disclosed the unaudited net figure to financial analysts working on its planned
— Read on ca.finance.yahoo.com/news/aramco-tells-ipo-bankers-made-093508811.html
Saudi Aramco aims to begin planned IPO on November 3: sources – Reuters
Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
— Read on www.reuters.com/article/us-saudi-aramco-ipo/saudi-aramco-aims-to-begin-planned-ipo-on-nov-3-sources-idUSKBN1X80JH
Aramco to Trade on Saudi Exchange on Dec. 11, Arabiya Says – Bloomberg
Shares in Saudi state oil giant Aramco will start trading on the Middle Eastern country’s stock exchange on Dec. 11, television news channel Al Arabiya reported, without saying where it got the information.
— Read on www.bloomberg.com/news/articles/2019-10-29/aramco-stock-to-trade-on-saudi-exchange-on-dec-11-arabiya-says