Saudi Aramco said on Monday it had hired banks for a multi – tranche U.S. dollar – denominated bond issuance, as the world’s largest oil company seeks cash amid lower oil prices. Gulf issuers have shown no sign of slowing this year’s blitz of issues on international debt markets as they work to plug issues … Continue reading ECONOMY | Saudi Aramco Plans Debt Market Comeback With Multi – Tranche Bond Deal
JEDDAH - - Saudi Aramco this year extended the maturity of two revolving credit facilities it took in 2015, meaning those loans worth a total of $8 billion will be available through March 2022, a bond prospectus showed. Aramco said on Monday it plans to issue multi-tranche U.S. dollar-denominate bonds, as the world’s largest oil … Continue reading ECONOMY | Aramco Extended $8 Billion Revolving Loans This Year: Bond
Kuwait said on Thursday it would support any decision made by OPEC and its allies on future oil supply policy. ‘Kuwait fully supports the joint OPEC+ efforts to restore balance to the oil market, and going forward we will also support whatever necessary joint decision will be agreed to under the OPEC+ framework’, Kuwaiti Oil … Continue reading BUSINESS | Kuwait Says To Support Any OPEC+ Supply Decision
London – A key OPEC+ ministerial panel had made no policy proposal from January 2021, according to a draft OPEC+ statement seen by Reuters.
MOSCOW – Russia and Saudi Arabia are at an important part of oil talks and recent flurry of phone calls between the leaders of the energy – rich countries are aiming at stabilizing the oil markets, the Kremlin said on Monday. Russian President Vladimir Putin and Saudi Arabia Crown Prince Mohammed bin Salman held two … Continue reading BREAKING NEWS | Kremlin Says Russia, Saudi Arabia Are At Important Part Of Oil Talks
MOSCOW – OPEC and its allies fears a prolonged second wave of the COVID-19 pandemic and a jump in Libyan output could push the oil market into surplus next year, according to a confidential document seen by Reuters, a gloomier outlook than just a month ago. A panel officials from OPEC+ producers, called the Joint … Continue reading BUSINESS | OPEC+ Fears Second Virus Wave Could Lead To Oil Surplus In 2021
RIYADH | SAUDI ARABIA - Saudi Arabia’s Crown Prince Mohammed Bin Salman discussed with Russian President Vladimir Putin energy markets and the implementation of agreements by the oil producers group known as OPEC+ on Saturday. ‘Both sides have reiterated their willingness to continue close coordination in this area in order to maintain stability on the … Continue reading BREAKING NEWS | Saudi Crown Prince Discusses OPEC+ Agreements With Vladimir Putin
LONDON - Saudi Energy Minister Prince Abdulaziz bin Salman warned traders against betting heavily in the oil market saying he will try to make the market jumpy and promised those who gamble on the oil price would be ‘ouching like hell’.
RIYADH | SAUDI ARABIA – Saudi Arabia said on Sunday it established a corporate development organization to optimize the company’s portfolio. ‘Corporate Development is mandated to create value, assess existing assets and secure greater access to growth markets and technologies through portfolio optimization and strategic alignment’, the Saudi oil giant company said in a statement. … Continue reading BUSINESS | Saudi Aramco Establishes Corporate Development Organisation
RIYADH | SAUDI ARABIA – Saudi Arabia’s Crown Prince Mohammed bin Salman and Iraqi Prime Minister Mustafa al-Kadhini discussed efforts taken to stabilize and rebalance global oil markets in a telephone call, Saudi state news agency SPA reported late on Wednesday. The two leaders ‘stressed the importance of compliance, by all participants, to the OPEC+ … Continue reading BREAKING NEWS | Saudi Crown Prince, Iraqi PM Discuss OPEC+ Oil Cut Pact: SPA