Tag Archives: Khalid A Al Falih

Oil has rebounded to over $70 a barrel. after prices crashed to as low as $26 in January 2016.

OPEC and its allies achieved a historic 149 per cent compliance in March.

Saudi Aramco. the world’s biggest oil producer. is moving to invest in refineries overseas to help lock in demand for its crude.

Global benchmark Brent crude oil futures were trading at $70.78 a barrel at 0342 GMT.

Sinopec put in the request earlier this week after national oil company Saudi Aramco set higher-than-expected prices.

Officials and advisers involved in the process have also explored the possibility of not taking Aramco public at all.

Iran wants to see $60 a barrel to rein in shale producers. while Saudi Arabia’s budget needs $70.

New York and London have long been the clear frontrunners to host the international leg of the flotation. alongside a Riyadh listing.

The IPO will be '.anchored'. by a listing on Saudi Arabia'.s local exchange.

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.