Travel


Posts filtered by tags: Saudi Aramco[x]


 

Goldman Sachs bought Commerzbank's claim in #Saudi's biggest debt saga: sources - Reuters

Goldman Sachs bought Commerzbank's claim in Saudi's biggest debt saga: sources - Reuters:Goldman Sachs has bought a claim against The International Bank Corporation (TIBC), a Bahraini bank whose default 10 years ago triggered the biggest financial crisis in Saudi Arabia, three sources familiar with the matter said.The U.S. investment bank bought $100 million of TIBC debt from Germany’s Commerzbank at the end of last year, two of the sources said, reflecting Goldman’s increased interest in Saudi ...
Tags: Travel, Saudi Arabia, Germany, Goldman Sachs, Goldman, Reuters, Saudi Aramco, Commerzbank, Rupert Neil Bumfrey, International Bank Corporation TIBC, Jamal Khashoggi Goldman Sachs


Oil prices rise over 1% on drone attack on Saudi Aramco facilities - Reuters

Oil prices rise over 1% on drone attack on Saudi Aramco facilities - Reuters:Oil prices rose over 1% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.That move higher comes as the market waits for a report from the American Petroleum Institute (API), an industry group, which is expected to show U.S. crude stockpiles fell by 800,000 barrels last week, their secon...
Tags: Travel, Saudi Arabia, Iran, Api, Reuters, Saudi Aramco, Rupert Neil Bumfrey, U S Energy Information Administration EIA, American Petroleum Institute API


#Saudi Pipeline Attack Highlights Risk to Middle East Oil Exports - Bloomberg

Saudi Pipeline Attack Highlights Risk to Middle East Oil Exports - Bloomberg:The Yemeni rebel drone attack that forced Saudi Arabia to temporarily shut its main cross-country oil link highlights risks to crude exports from the Persian Gulf as U.S. efforts to eliminate Iran’s oil exports inflame regional tensions.Why does the attack matter?State oil giant Saudi Aramco is the world’s largest crude exporter, and Saudi Arabia sees its role in global oil markets as helping to balance supply and deman...
Tags: Travel, Saudi Arabia, Bloomberg, Iran, Middle East, Strait Of Hormuz, Saudi Aramco, Persian Gulf, Rupert Neil Bumfrey


Oil Rises as #SaudiArabia Reports Drone Attacks on Pump Stations - Bloomberg

Oil Rises as Saudi Arabia Reports Drone Attacks on Pump Stations - Bloomberg:Oil rose as Saudi Arabia reported drone attacks on pumping stations, the latest escalation in Middle East tensions after tankers were hit by sabotage over the weekend.Futures rose 0.6% in New York after falling 1% on Monday in tandem with equity markets. Unidentified drones attacked two pumping stations belonging to Saudi Aramco, forcing the state oil company to suspend operations in the area to assess what the kingdom ...
Tags: Travel, New York, Saudi Arabia, Nigeria, Bloomberg, Middle East, United Arab Emirates, Norway, Saudi Aramco, Organization of Petroleum Exporting Countries, Rupert Neil Bumfrey


Oil prices jump on drone attack on #Saudi Aramco facilities - Reuters

Oil prices jump on drone attack on Saudi Aramco facilities - Reuters:Oil prices rose on Tuesday after the world’s top oil exporter Saudi Arabia said explosive-laden drones had attacked two pumping stations belonging to state oil company Aramco.Brent crude futures were at $70.79 a barrel at 1035 GMT, up 56 cents or 0.80%. U.S. West Texas Intermediate (WTI) crude futures were at $61.35 per barrel, up 31 cents or 0.51%. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Reuters, Saudi Aramco, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Aramco Brent


Feel-good factor suggests #Saudi economy has turned corner | Arab News

Feel-good factor suggests Saudi economy has turned corner | Arab News:Just how real is Saudi Arabia’s economic recovery? At the Financial Sector Conference in Riyadh a few weeks back, there was lots of optimism in the air, some positive news on the government budget, and some anecdotal evidence that a corner has been turned.The budget surplus in the first quarter this year was the first since 2014, and though it turned out that factored in a big dividend payment from Saudi Aramco, there was stil...
Tags: Travel, Saudi Arabia, Kingdom, Riyadh, Aramco, Saudi Aramco, Rupert Neil Bumfrey


#Saudi Aramco Is Said to Consider Shale Investment With Equinor - Bloomberg

Saudi Aramco Is Said to Consider Shale Investment With Equinor - Bloomberg:Saudi Aramco is weighing a potential investment in Norwegian oil company Equinor ASA’s U.S. shale operations in what could be the energy giant’s first ever overseas venture for gas exploration, according to people familiar with the matter. The state-run company, known officially as Saudi Arabian Oil Co., is considering investing in Equinor’s Marcellus shale operations through a joint venture or by buying a stake, the peop...
Tags: Travel, Aramco, Saudi Aramco, Saudi Arabian Oil Co, Rupert Neil Bumfrey, Equinor, Equinor ASA, Equinor Bloomberg, Representatives for Aramco


#Saudi Aramco Said to Give Extra Oil to Crude-Hungry Asian Buyers - Bloomberg

Saudi Aramco Said to Give Extra Oil to Crude-Hungry Asian Buyers - Bloomberg:Saudi Arabia is set to supply more crude to oil-starved Asian refiners, and extract a heavy price for it.State-run producer Saudi Aramco will sell additional cargoes to customers in the world’s biggest oil-consuming region for June loading, according to people with knowledge of the matter. The shipments will be on top of those scheduled under long-term crude contracts, they said, asking not to be identified because the ...
Tags: Travel, Saudi Arabia, Russia, Nigeria, Bloomberg, Iran, Middle East, Venezuela, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Saudi Aramco Said to Give Extra Oil


Top Oil Buyers Said to Seek More Saudi Crude Amid Disruption - Bloomberg

Top Oil Buyers Said to Seek More Saudi Crude Amid Disruption - Bloomberg:Oil refiners in Asia are asking Saudi Arabia for more crude as the world’s top consuming region deals with supply disruptions from Iran to Venezuela, according to people with knowledge of the matter.Customers are seeking additional cargoes for loading in June and July from OPEC’s biggest producer, the people said, asking not to be identified because the information is confidential. The requests are for supplies on top of wh...
Tags: Travel, Asia, Saudi Arabia, China, Russia, India, Nigeria, Opec, Bloomberg, Iran, Venezuela, Saudi Aramco, Rupert Neil Bumfrey


#Saudi Aramco Sees Shale Gas as Kingdom's Next Energy Bonanza - Bloomberg

Saudi Aramco Sees Shale Gas as Kingdom's Next Energy Bonanza - Bloomberg:The world’s biggest oil exporter is ramping up efforts to develop natural gas with plans for a 15-fold boost in output from unconventional deposits of the fuel.Saudi Aramco is building facilities to tap shale gas in the kingdom’s oil-rich eastern region and is making “a lot of progress” toward this goal, Chief Executive Officer Amin Nasser told reporters in Dammam, Saudi Arabia. Plans include a plant to desalinate seawater ...
Tags: Travel, Aramco, Saudi Aramco, Nasser, Rupert Neil Bumfrey, Dammam Saudi Arabia, Amin Nasser, Next Energy Bonanza Bloomberg


#Saudi Telecom hires banks for debut dollar sukuk - Reuters

Saudi Telecom hires banks for debut dollar sukuk - Reuters:State-run Saudi Telecom has hired six banks to arrange its first issue of U.S. dollar-denominated sukuk, or Islamic bonds, the company said on Thursday.Saudi corporates are increasingly expected to tap the international debt markets following the inclusion of Saudi government and quasi-government debt in key JP Morgan emerging market bond indexes this year.The recent jumbo inaugural bond by state-owned oil giant Saudi Aramco has also att...
Tags: Travel, Jp Morgan, Reuters, Saudi Aramco, Rupert Neil Bumfrey, Saudi Telecom


Aramco's bond is 'only the beginning', #Saudi energy minister says - Reuters

Aramco's bond is 'only the beginning', Saudi energy minister says - Reuters:Saudi Aramco, the world’s biggest oil producer, will remain active in the debt markets after its debut $12 billion bond earlier this month, which was “only the beginning”, Saudi Energy Minister Khalid al-Falih said on Wednesday.Falih, speaking at a financial conference in Riyadh, also said Aramco would access the equity markets earlier than expected after the company gained exposure among investors through the bond sale....
Tags: Travel, Saudi Arabia, Reuters, Riyadh, Aramco, Saudi Aramco, Khalid al Falih, Rupert Neil Bumfrey, Falih


#Saudi Bourse Chief Sees Foreign Bets in Market Soaring - Bloomberg

Saudi Bourse Chief Sees Foreign Bets in Market Soaring - Bloomberg:The chief of Saudi Arabia’s stock exchange predicts ownership of equities by foreigners will triple by 2022, driven by flows from index trackers, as the country awaits the listing of its crown-jewel, Saudi Aramco.“Since we opened up the market, we wanted to make sure we have enough companies, diversified sectors and industries,” Khalid Al Hussan, chief executive officer of the $573 billion Saudi stock exchange, said in an intervi...
Tags: Travel, Saudi Arabia, Bloomberg, Riyadh, Saudi Aramco, Aramco IPO, Rupert Neil Bumfrey, MSCI Inc, Khalid Al Hussan, HUSSAN


Aramco floats downstream in deals flurry | Arab News

Aramco floats downstream in deals flurry | Arab News:Suddenly, Saudi Aramco is a blurred frenzy of corporate activity. In a little under a month, the KSA oil giant has pulled off some of the biggest deals in the business world this year, and enhanced its reputation beyond crude oil into the fields of finance, petrochemicals and refining. Whatever next?Since late last month, when Aramco announced it had agreed terms to clinch the purchase of a majority stake in SABIC — the biggest corporate trans...
Tags: Travel, South Korea, Kingdom, Royal Dutch Shell, Ksa, Aramco, Saudi Aramco, SABIC, Rupert Neil Bumfrey, Hyundai Oilbank, Reliance Industries of India


Why #SaudiArabia needs dollars to kick its oil habit

Why Saudi Arabia needs dollars to kick its oil habit:The major headline out of Saudi Arabia last month was that the country's big state-owned oil company, Saudi Aramco, bought 70 percent of the country's big state-owned petrochemical company, the Saudi Basic Industries Corporation. ("Sabic," for short.) What's more, they carried out the purchase in U.S. dollars.Off the top of your head, that might sound weird: What's the point of one government-owned entity buying another? And why use U.S. dolla...
Tags: Travel, Saudi Arabia, Saudi Aramco, Rupert Neil Bumfrey, Saudi Basic Industries Corporation Sabic


Aramco plans to buy Shell's stake in Saudi refining JV- sources | ZAWYA MENA Edition

Aramco plans to buy Shell's stake in Saudi refining JV- sources | ZAWYA MENA Edition:Saudi Aramco plans to buy Royal Dutch Shell's 50 percent stake in Saudi refining complex SASREF, a joint venture between the firms, two sources said on Wednesday.One of the sources said an agreement has been reached between Aramco and Shell.Aramco and Shell declined to comment. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Royal Dutch Shell, Shell, Aramco, Saudi Aramco, Shell Aramco, Rupert Neil Bumfrey


Aramco in talks for 25 percent of Reliance's refining, petrochemical units: report - Reuters

Aramco in talks for 25 percent of Reliance's refining, petrochemical units: report - Reuters:Saudi Aramco, the world’s largest crude oil producer, is in “serious discussions” to acquire up to a 25 percent stake in Reliance Industries’ refining and petrochemicals businesses, the Times of India reported on Wednesday.A minority stake sale could fetch around $10 billion to $15 billion, valuing the Indian company's refining and petrochemicals businesses at around $55 billion to 60 billion, the report...
Tags: Travel, Goldman Sachs, Reliance, Reuters, Saudi Aramco, Reliance Industries, Times of India, Rupert Neil Bumfrey


#Saudi wealth fund in talks to raise up to $8 bln bridge loan -sources - Reuters

Saudi wealth fund in talks to raise up to $8 bln bridge loan -sources - Reuters:Saudi Arabia’s Public Investment Fund (PIF) is in talks with banks to raise a short-term bridge loan for as much as $8 billion to use for new investments, two sources said.The sovereign wealth fund finalised a deal last month to sell its 70 percent stake in Saudi Basic Industries (Sabic) to Saudi Aramco for $69.1 billion.Proceeds from the Sabic deal, which Saudi Aramco has said is expected to close in 2020, could tak...
Tags: Travel, Saudi Arabia, Reuters, Saudi Aramco, SABIC, Rupert Neil Bumfrey, Saudi Basic Industries SABIC


#Saudi Wealth Fund Said to Seek Bridge Loan of Up to $8 Billion - Bloomberg

Saudi Wealth Fund Said to Seek Bridge Loan of Up to $8 Billion - Bloomberg:Saudi Arabia’s sovereign wealth fund has started preliminary talks with banks to raise a loan expected to be between $5 billion and $8 billion as it seeks funding for new investments to diversify the kingdom’s economy, people familiar with the matter said.The Public Investment Fund, or PIF, is looking for a bridge loan that will be fully underwritten by lenders and would be repaid with proceeds from the $69.1 billion sale...
Tags: Travel, Saudi Arabia, Pif, Saudi Aramco, Saudi Basic Industries Corp, Rupert Neil Bumfrey, Public Investment Fund


#Saudi Aramco's Quest to Become the World's Biggest Oil Consumer - Bloomberg

Saudi Aramco's Quest to Become the World's Biggest Oil Consumer - Bloomberg:Saudi Aramco is well known as the world’s top crude exporter. If all goes to plan, it may also become the biggest user of the fossil fuel.More than a third of Aramco’s oil is currently fed into its fully-owned and joint venture refineries, according to its bond prospectus. The company plans to double its refining network to handle as much as 10 million barrels a day by 2030, locking in a friendly buyer for the kingdom’s ...
Tags: Travel, Aramco, Saudi Aramco, John Stewart, Rupert Neil Bumfrey, Wood Mackenzie Ltd, Biggest Oil Consumer Bloomberg


#Saudi Aramco's $12 Billion Bond Deal Fizzles - Bloomberg

Saudi Aramco's $12 Billion Bond Deal Fizzles - Bloomberg:The bonds issued by Saudi Aramco in this week’s unprecedented offering sank for a second day, marking a quick sell-off that calls into question the depth of the deal’s $100 billion of investor orders.Risk premiums on the oil giant’s $12 billion of bonds climbed amid a mild decline in oil prices and rising yields on the company’s sovereign parent. For the most actively traded piece of the offering -- $3 billion of 3.5 percent bonds due in 2...
Tags: Travel, Saudi Aramco, U S Treasuries, Rupert Neil Bumfrey, Thornburg Investment Management, Lon Erickson


Aramco's Bond-Sale Billions Make #Saudi Stock Inflows Look Tiny - Bloomberg

Saudi Aramco’s debut bond sale overshadowed in one deal the amount foreigners have spent on buying stocks in Riyadh over more than three months this year.The $12 billion in bonds sold this week by the world’s most profitable company exceeds by more than three times net inflows from foreigners investing in the Saudi Arabian stock market, which has 203 traded securities.Inflows to Saudi stocks have been steady since the beginning of the year, as investors anticipate the inclusion of the kingdom i...
Tags: Travel, Bloomberg, Riyadh, Saudi Aramco, Gulf Cooperation Council, Russell, Rupert Neil Bumfrey, MSCI Inc


Fitch rates #Saudi Aramco's debut bonds final A+ | ZAWYA MENA Edition

Fitch rates Saudi Aramco's debut bonds final A+ | ZAWYA MENA Edition:Fitch Ratings-London-April 10: Fitch Ratings has assigned Saudi Arabian Oil Company's (Saudi Aramco) GMTN programme and debut bonds issued under the programme final 'A+' senior unsecured ratings. The ratings are in line with Saudi Aramco's 'A+' Issuer Default Rating (IDR), which has a Stable Outlook.Saudi Aramco is the world's largest oil producer and the national oil company of Saudi Arabia (A+/Stable). Its standalone profile ...
Tags: Travel, Saudi Arabia, Saudi Aramco, Fitch Ratings, Rupert Neil Bumfrey, Saudi Arabian Oil Company, Stable Outlook Saudi Aramco


#SaudiArabia still faces investor unease amid Aramco bond rush | Financial Times

Saudi Arabia still faces investor unease amid Aramco bond rush | Financial Times:Saudi Arabia got the cold shoulder from global finance last year when the killing of journalist Jamal Khashoggi tarnished crown prince Mohammed bin Salman’s wish to be seen as a business-friendly reformer. Scores of business names, including JPMorgan chief executive Jamie Dimon, pulled out of a Saudi-organised event dubbed “Davos in the desert” soon after Khashoggi’s death.So Tuesday’s record-breaking order book for...
Tags: Travel, Saudi Arabia, Davos, Jamie Dimon, Financial Times, Riyadh, Aramco, Saudi Aramco, Jpmorgan, Mohammed bin Salman, Rupert Neil Bumfrey, Khashoggi, Jamal Khashoggi


Lessons learned in #Saudi Aramco’s monster bond offering | Arab News

Lessons learned in Saudi Aramco’s monster bond offering | Arab News:As even The Washington Post grudgingly recognized, foreign investors did indeed “flock” to get a piece of the action in Saudi Aramco’s inaugural international bond sale.The Saudi oil champion could have sold the issue more than eight times over, and were even rather conservative in the end, going for just $12 billion out of the $100 billion of interest that was shown by the global financial community in the record-breaking issue...
Tags: Travel, Washington Post, Kingdom, Istanbul, Saudi Aramco, Rupert Neil Bumfrey, Jamal Khashoggi


#Saudi Aramco's new bonds inch up in early trade - sources | ZAWYA MENA Edition

Saudi Aramco's new bonds inch up in early trade - sources | ZAWYA MENA Edition:Saudi Aramco's newly issued dollar-denominated bonds inched up on Wednesday, with longer-dated paper outperforming, sources familiar with the matter said.The company on Tuesday issued $12 billion worth of paper, disappointing much of the over $100 billion in demand.  Of the five tranches, the $3 billion 30-year bonds were the best performers, up by slightly over 1 cent, the sources said, while shorter-dated paper made...
Tags: Travel, Saudi Aramco, Rupert Neil Bumfrey


Aramco sells $12 billion bonds out of record $100 billion demand - Reuters

Aramco sells $12 billion bonds out of record $100 billion demand - Reuters:Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant which has faced investor concerns about government influence over the company.State-owned Aramco’s bond issue, split into maturities ranging from three to 30 years, is seen as a gauge of potential investor interest in the Saudi comp...
Tags: Travel, Reuters, Aramco, Saudi Aramco, State, Khalid al Falih, Rupert Neil Bumfrey, Saudi company


Blowout #Saudi Bond Deal Sends a Message to Markets - Bloomberg

Blowout Saudi Bond Deal Sends a Message to Markets - Bloomberg:Saudi Arabia on Monday began offering $10 billion of bonds of Saudi Aramco, the world’s largest oil company. Most of the focus was on how investors submitted orders for about $60 billion of bonds. Even if you are (rightly) skeptical of “order books” and think the true demand was for half that amount, it’s still a remarkable development for a country that just a few months ago was being ostracized for its role in the killing of Washin...
Tags: Travel, Washington Post, Saudi Arabia, Opec, Saudi Aramco, Rupert Neil Bumfrey, Automobile Association of America, Markets Bloomberg, Jamal Khashoggi


#Saudi Aramco Offers 6-Part Debt, Order Book at $60 Billion - Bloomberg

Saudis Emerge From Khashoggi Crisis With $85 Billion Bond Orders  - Bloomberg:Saudi Aramco, the world’s largest oil company, has received $85 billion in orders for its debut bond sale, an offering where yields may fall in line or below Saudi Arabia’s sovereign debt.It’s rare for bonds of a state-owned company to pay less than the sovereign debt and the demand reflects intense investor appetite for high-quality paper. For Saudi Arabia and Aramco itself, the early success in selling the bonds mark...
Tags: Travel, Saudi Arabia, Bloomberg, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Khashoggi, Jamal Khashoggi


#Saudi Aramco Offers 6-Part Debt, Order Book at $60 Billion - Bloomberg

Saudi Aramco Offers 6-Part Debt, Order Book at $60 Billion - Bloomberg:Saudi Aramco, the world’s largest oil company, has received $60 billion in orders for its debut bond sale, kickstarting an offering with yields likely to fall in line or below Saudi Arabia’s sovereign debt.It’s rare for bonds of a state-owned company to yield less than the sovereign debt and the demand reflects intense investor appetite for high-quality paper. For Saudi Arabia and Aramco itself, the early success in selling t...
Tags: Travel, Saudi Arabia, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Jamal Khashoggi



Filters
show more filters
March - 2019
MoTuWeThFrSaSu
    123
45678910
11121314151617
18192021222324
25262728293031
April - 2019
MoTuWeThFrSaSu
1234567
891011121314
15161718192021
22232425262728
2930     
May - 2019
MoTuWeThFrSaSu
  12345
6789101112
13141516171819
20212223242526
2728293031