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Aramco’s first attempt at a listing attracted a flurry of pitches from top global exchanges from New York to Tokyo seeking to host the listing.
Read More »Battle for Aramco IPO Heats up as Bourses vie for Supremacy
Adnoc Buys Stake in Global Oil Storage Operator
In February. Adnoc announced that it is building the world’s largest single underground project for oil storage.
Read More »Saudi Arabia raises Domestic Gas Price
Saudi Aramco regularly produces 10 million barrels a day.
Read More »Middle East Oil Shipping Rates Surge as US-Iran Tensions Grow
Rates for transporting 2 million barrel cargoes from Saudi Arabia to China has jumped to almost $26.000 a day.
Read More »Oil Reaches near $54 on Saudi-Russia Supply Pledge. Drop in Rigs
US crude has fallen about 18% from a peak in late April and volatility has jumped as deteriorating US-China trade relations cast a pall over the global growth outlook.
Read More »Chinese Crude Imports from Saudi Arabia Rose 43% in April
Imports of Russian crude to China stood at 1.49 million bpd – up from 1.35 bpd in April last year.
Read More »Gulf Firms Confront New Era of Low Oil Prices with Merger Wave
Surging oil prices over more than a decade helped many Gulf states expand aggressively at home and abroad.
Read More »Saudis Raised Taxation on Aramco by Switching to Brent Oil
The change could add nearly 7 percent to the price used to determine the royalty.
Read More »World`s Biggest Oil Field is Fading Faster than Anyone Guessed
Ghawar in Saudi Arabia is the world'.s largest conventional oil field.
Read More »Aramco and Sabic Plan `Discovery Phase` to Unlock Savings after Merger
Sabic was formed in the 1970s to make use of byproducts from refineries.
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