Tag Archives: Mohammad Bin Salman Al Saud

As the United States pressed Saudi Arabia to end its oil price war with Russia, US President Donald Trump gave Saudi leaders an ultimatum. In an April 2 phone call, Trump told Saudi Crown Prince Mohamed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting …

When Saudi Arabia approached members of the Organization of Petroleum Exporting Countries (OPEC) and its affiliates recently to cut oil production in an attempt to cushion the impact of the falling oil prices as a result of Covid-19, Russia rejected the proposal. The subsequent spat between Moscow and Riyadh saw …

Saudi Arabia’s sovereign wealth fund has built up stakes in European oil firms, including about $200 million in Equinor ASA, as the kingdom navigates the coronavirus pandemic and plummeting crude prices. The Public Investment Fund amassed shares in Norway’s largest producer mostly through the open market last week, according to …

Those with a functioning memory may have thought that last week’s decision by Saudi Arabia to maximize oil production to crash oil prices and bankrupt U.S. shale producers was an early April Fool’s Day joke. Apparently, though, it is not, and collective amnesia seems to have gripped senior Saudis and …

Saudi Aramco has announced that it will be pumping $110 billion over the next couple of years to develop the Jafurah gas field.

Saudi Aramco’s status as an oil-producing behemoth always marked it as likely to suffer bouts of volatility.

Most analysts have pointed out that there are some major issues with the company’s financials. its valuation and possible returns for the Kingdom.

Aramco formally announced a plan this week to launch an IPO on its domestic exchange on Dec. 11.

Plans for the IPO were first announced in 2016 as part of Saudi Arabia’s Vision 2030 economic overhaul programme.

IPO is a key cornerstone in Saudi Arabia’s strategic plans to transform and modernise its national economy.