74.5 F
Saturday, November 28, 2020

Is The Aramco IPO The Ultimate Pump And Dump?

Authored by Irina Slav via OilPrice.com, It’s finally happening: after months of delays and mixed signals, Saudi Arabia is in the final stage of preparing for the launch of what most see as the biggest listing in history. This biggest listing in history, however, may turn out to be confined to the Kingdom of Saudi…

Aramco Scraps US And London IPO Roadshows Amid Too Many “Uncertainties” 

Saudi Aramco has withdrawn from IPO roadshows in the US and London after it's likely they don't want to disclose oil reserve totals to Western banks and regulators.  Meanwhile, it's becoming a giant circle-jerk for the Saudis, the IPO is expected to list on the Tadawul exchange, while the Saudi Arabian Monetary Authority (SAMA) is…

Could The Aramco IPO Kill OPEC?

Authored by Cyril Widdershoven via OilPrice.com, The global oil market could be entering unchartered waters in the coming weeks. After the US shale revolution, which threatened OPEC’s hold on and the stability of the market, a new danger is lurking around the corner. The Aramco IPO, the largest IPO in history, will not only impact…

Tulsi Gabbard shoots straight on the Middle East – like a soldier should

Most of the Democrat “leaders” and presidential candidates on offer of late are useful for little more than comedy television, if one considers hyper-political snipery (all done with proper parliamentary procedures) as comedy. It may be so, but we often find that some antacids are probably necessary after watching Jerrold Nadler’s Incredibly Contrived Compleat Impeachment…

Attack on Saudi Aramco facilities exposes MbS weakness, as flotation to save Kingdom jeopardized...

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the recent press conference given by Saudi Arabia where the Kingdom revealed “evidence” that the Aramco attacks were “unquestionably sponsored” by Iran. Fallout from Saudi Arabia’s ability to defend their most prized asset now has MbS considering a push back of Aramco’s flotation as investors now…

Aramco Attacks An “Act Of War” By Iran: Pompeo After Arriving In Jeddah

What's the end game here? Secretary of State Mike Pompeo has just arrived in Jeddah for talks with Saudi leaders over a response to the weekend attacks on two of the kingdom's major oil facilities.  After a prior press conference by the Saudi Defense Ministry where it for the first time assigned public blame on Iran for…

‘Low-Flying’-Missiles Used In Aramco Attack Were Launched Inside Iran: Report

The US has reportedly traced the cruise missiles used during a weekend attack that crippled half of Saudi Aramco's oil production back to their point of origin: Iran. Or at least that's what one US official is telling CBS News. Many have argued that there's zero upside for Iran in carrying out attacks like this…

Aramco Asks Banks To Submit Proposals For Role In Mega IPO (Again)

Authored by Julianne Geiger via OilPrice.com, The Aramco IPO is one step closer to reality, with Saudi Arabia’s state-run oil company seeking proposals from banks who wish to fulfill various roles in the much-anticipated IPO, Reuters sources said on Monday. The requests for proposals were sent a few days ago, the sources said. Saudi Aramco declined to…
Web Hosting

Recent Posts

USD - United States Dollar