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Aramco Slashes Spending as Virus Erases Oil Demand Growth

Aramco Slashes Spending as Virus Erases Oil Demand Growth

(Bloomberg) -- Saudi Aramco is slashing planned spending this year in the first sign that plunging demand and the oil-price war the kingdom unleashed are...
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Key to Aramco’s Calm January Lies in Hands of Saudi Stock Owners

Key to Aramco’s Calm January Lies in Hands of Saudi Stock Owners

(Bloomberg) -- January delivered a hefty slice of volatility for oil and global energy stocks as the spreading coronavirus shocked investors. But in Riyadh, shares...
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Aramco International Listing ‘Still on the Cards,’ Saudi Minister Says

(Bloomberg) --Saudi Aramco is still considering listing shares abroad, the kingdom’s Finance Minister Mohammed Al-Jadaan said. “It’s still on the cards, we made that very...
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Sabic, Aramco Decision on Crude-to-Chemical Facility Expected in Q2 2020

(Bloomberg) --Saudi Basic Industries Corp. and Saudi Aramco expect to announce in the second quarter whether they’ll proceed with plans to build a facility...
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Morgan Stanley Is Biggest Aramco Bear as Banks Begin Ratings

(Bloomberg) --A month after the world’s largest initial public offering, Saudi Aramco’s investment banks aren’t exactly bullish, with most recommending investors avoid the stock...
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World’s Biggest IPO Got Bigger: Aramco IPO at $29.4 Billion

(Bloomberg) --The world’s biggest initial public offering turned out even bigger than initially thought. The final amount raised by Saudi Aramco’s sale totaled $29.4 billion...
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Saudi Aramco Energy Ventures Readies New Fund, Beijing Office

(Bloomberg) --Saudi Aramco Energy Ventures, a unit of the kingdom’s energy company, is preparing to start a new fund this year after completing $500...
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Saudi Aramco Props Up Slumping Middle East Energy Debt Market

(Bloomberg) --Gulf Arab energy companies took on marginally more total debt in 2019 compared with the previous year, but the increase was skewed by...
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Middle East Stocks Get a Mauling as As Geopolitical Risks Flare

(Bloomberg) --The U.S. killing of Iran’s most senior military commander reverberated through Middle Eastern markets, sending stocks into retreat and setting the tone for...
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Saudi Aramco Undergoes Stern First Test Within a Month of Historic IPO

(Bloomberg) --Saudi Aramco’s status as an oil-producing behemoth located in one of the world’s most turbulent regions always marked it as likely to suffer...
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