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Saudi Arabia signals it’s had enough of OPEC+ quota cheats

(Bloomberg) --For the last year, Saudi Arabia has largely turned a blind eye to cheaters within the OPEC+ alliance, cutting its own output more...
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Aramco Pumps Oil at Fraction of Rivals' Costs and Way More of It

Aramco IPO Retail Offering Is Fully Covered With One Day to Go

(Bloomberg) --The retail tranche of Saudi Aramco’s initial public offering is fully covered with one day to go. Subscription reached 32.6 billion riyals ($8.7 billion)...
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saudi man

Abu Dhabi said to plan up to $1.5 billion Aramco IPO stake

(Bloomberg) --Abu Dhabi is planning to put as much as $1.5 billion into Saudi Aramco’s initial public offering, as the oil giant taps friendly...
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Saudi Aramco logo in saudi oilfield

Next stop Abu Dhabi: Aramco in regional push to sell shares

(Bloomberg) --Saudi Aramco will meet investors in Abu Dhabi on Monday to drum up support for its share sale after pitching the offering in...
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Saudi stocks lead Gulf losses as banking shares fall

(Bloomberg) --Saudi Arabia’s main equity index fell the most in the Gulf on Sunday ahead of Saudi Aramco’s giant listing. The Tadawul All Shares Index...
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Aramco Pumps Oil at Fraction of Rivals' Costs and Way More of It

Aramco Faces Serious Risks From Climate Change, Report Says

(Bloomberg) --Climate change poses a serious risk to Saudi Aramco’s long-term business as rising sea levels and temperatures could damage infrastructure, curb productivity and...
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An employee inspects pipes used for landing and unloading crude and refined oil at the North Pier Terminal, operated by Saudi Aramco

Aramco sees nearly enough early orders to pull off IPO

(Bloomberg) --Saudi Aramco’s bankers are seeing sufficient early demand to pull off the state oil giant’s initial public offering just three days after launching...
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oil price; Aramco; saudi arabia

Saudi Aramco seeks $1.71 trillion valuation, boosts loans to get IPO done

(Bloomberg) --Saudi Arabia set a valuation target for Aramco’s initial public offering well below Crown Prince Mohammed bin Salman’s goal of $2 trillion and...
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Aramco valuation falls short of Crown Prince’s $2 trillion target

(Bloomberg) --Saudi Arabia put a valuation on state-owned oil giant Aramco of between $1.6 trillion and $1.71 trillion, well below the $2 trillion target...
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Middle East has turned the tables on global M&A

Saudi Stocks Rise as Aramco Seeks $1.7 Trillion Valuation in IPO

(Bloomberg) --Saudi stocks opened higher as investors digested the kingdom’s plan to sell a 1.5% stake in the state-owned oil producer. Al Rajhi Bank and...
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