Tag Archives: Saudi Aramco

Aramco shares will begin to be trade publicly on Saudi stock exchange Tadawul next week.

The current agreement is due to expire in March but there’s speculation that the group could opt to cut further if Russia agrees.

The IPO will be priced on Dec. 5. the same day OPEC meets in Vienna. The OPEC+ grouping holds talks on Dec. 6.

There has been speculation that Russia may be unhappy with the production agreement. in part because its energy companies oppose it.

The key mathematics of US shale oil growth have become more challenging. partly because of the rapid growth achieved in 2018.

The offering to institutional investors. expected to raise about two thirds of the offering. closes on Dec 4.

Oil is of course a commodity that relies significantly on demand.

Oil production in Russia remains expensive compared to other parts of the world.

Russia will continue working together with OPEC to stabilize the oil market.

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