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Saudi Aramco

Crude oil prices see some profit taking as US, European data approach

Crude oil prices slipped back a little in Asia on Monday, possibly with investors taking some cash off the table ahead of important US and European data.

Saudi capital market gives green light for Aramco’s record initial public offering

Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.

Aramco announces plans for giant stock market debut

Saudi Aramco said Sunday it will list on the Riyadh stock exchange in what could be the world’s largest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to overhaul the kingdom’s oil-reliant economy.

Saudi Aramco rolls out IPO next week

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.
Iranian President Hassan Rouhani has said his country will present a regional cooperation plan to create security in the Gulf when he attends the United Nations General Assembly this week.

US eager to use Saudi Aramco attack for billion-dollar deals – Iranian leader

The U.S. seeks to use the recent drone attack on Saudi Aramco oil facilities to its utmost advantage by striking billion-dollar deals and attaining a permanent presence in the Middle East, Iranian President Hassan Rouhani said on Monday.
(FILES) In this file photo taken on February 25, 2006 Saudi security guard the entrance of the oil processing plant of the Saudi state oil giant Aramco in Abqaiq in the oil-rich Eastern Province. Drones struck two Saudi Aramco oil facilities early on September 14, 2019, state media said, citing the interior ministry. “The industrial security teams of Aramco started dealing with fires at two of its facilities in Abqaiq and Khurais as a result of… drones,” the official Saudi Press Agency reported.STRINGER / AFP

Saudi asks Iraq for 20 million barrels of crude after attack on Aramco facilities

Riyadh on Thursday asked Iraq’s national oil marketing company for 20 million barrels of crude to supply the country’s stocks after an attack on Saudi Aramco facilities.

Saudi drone attack: Oil prices fall after initial rise

Oil fell more than one per cent yesterday as the market was challenged creating uneasiness following attacks on Saudi Arabian crude facilities that cut the kingdom’s production in half and sent prices soaring by the most in decades.
(FILES) In this file photo taken on July 23, 2019 US President Donald Trump addresses the Turning Point USA’s Teen Student Action Summit 2019 in Washington, DC,. – President Donald Trump suggested dropping nuclear bombs on hurricanes before they made landfall in the United States, Axios reported on August 25, 2019. (Photo by NICHOLAS KAMM / AFP)

Donald Trump says no rush for war with Iran

U.S. President Donald Trump said on Monday that although it looked like Iran was behind attacks on oil plants in Saudi Arabia, he did not want to rush into war.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Federal government considers 30-year economic plan

The Federal Government has announced that it was fine-tuning arrangements to embark on a 30-year economic long-term development plan.
The new minister of State for Budget and National Planning, Clement Agba, has charged staff of the ministry to work harder and smart to realize the Next Level agenda of the federal government.

2020 Budget: Federal government maintains benchmark in spite increase in oil price

Minister of State for Budget and National Planning, Mr Clem Agba, has said that the Federal government would maintain its benchmark of 60 dollars per barrel in spite of the sudden increase in the price of crude oil.
Smoke billowing after a fire at a Saudi Aramco factory in Abqaiq, Saudi Arabia, on Saturday. VIDEOS OBTAINED BY REUTERS-REUTERS

Oil prices surge by 20 percent on drone strike on Saudi Arabia

Crude oil prices have surged more than 19 per cent after a drone strike on a Saudi Arabian oil facility wiped out about five per cent of global supplies.
Smoke billowing after a fire at a Saudi Aramco factory in Abqaiq, Saudi Arabia, on Saturday. VIDEOS OBTAINED BY REUTERS-REUTERS

Saudi, Gulf stocks fall after attacks on Aramco oil plants

Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out more than half of Saudi crude output.
Smoke billowing after a fire at a Saudi Aramco factory in Abqaiq, Saudi Arabia, on Saturday. VIDEOS OBTAINED BY REUTERS-REUTERS

Saudi stocks plunge after drone attack on oil facilities

Saudi stocks plunged 2.3% as the market opened on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry Saturday knocked out more than half of Saudi crude output.
Smoke billowing after a fire at a Saudi Aramco factory in Abqaiq, Saudi Arabia, on Saturday. VIDEOS OBTAINED BY REUTERS-REUTERS

Drone attack halves Saudi Arabia crude output

Oil prices may go up as much as $100 after half of Saudi Arabia’s oil production went offline following a surprise drone strike by Houthi fighters.
(FILES) In this file photo taken on February 25, 2006 Saudi security guard the entrance of the oil processing plant of the Saudi state oil giant Aramco in Abqaiq in the oil-rich Eastern Province. Drones struck two Saudi Aramco oil facilities early on September 14, 2019, state media said, citing the interior ministry. “The industrial security teams of Aramco started dealing with fires at two of its facilities in Abqaiq and Khurais as a result of… drones,” the official Saudi Press Agency reported.STRINGER / AFP

Yemeni rebel drones spark fires at two Saudi Aramco oil facilities

Drone attacks sparked fires at two Saudi Aramco oil facilities on Saturday, the interior ministry said, the latest such assault claimed by Yemeni rebels as the energy giant prepares for a much-anticipated stock listing.
The Yemen’s Houthi rebels said they launched multiple bomb-laden drone attacks on Saturday on an oil refinery of Saudi Aramco, the Saudi Arabian Oil Company, Houthi-run al-Masirah TV reports.

Yemeni rebels claim fresh attacks on Saudi oil refinery

The Yemen’s Houthi rebels said they launched multiple bomb-laden drone attacks on Saturday on an oil refinery of Saudi Aramco, the Saudi Arabian Oil Company, Houthi-run al-Masirah TV reports.

Oil rebounds on U.S-Chinese trade dispute

Oil prices rallied on Tuesday following reports that the U.S has decided to delay the next round of tariffs that were to be imposed on Chinese goods.
Fahad Al-Saif

Saudi Arabia to issue $3 billion-$5 billion in international Sukuk by third quarter

Saudi Arabia will issue three billion to five billion dollars in new international sukuk or Islamic bonds around the third quarter as part of plans to diversify financing of the national budget deficit, a senior finance ministry official told Reuters.

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