What drives crude oil prices high when weak demand during pandemic?
Crude oil prices depends from OPEC, Russia and allies agreement on keeping supply lower. Less oil supply = higher prices.…
The Elite Trillion Dollar Club
The trillion dollar club stands for companies with market cap at least $1 trillion in some point of time. This…
Brent crude oil production cut by Saudi Arabia
Since March 2020 it’s became tough task to control crude oil prices (all benchmarks). It’s all happened because Russia walked…
Possibility of new alliance of US and Saudi Arabia for oil stabilization
According to article published in WSJ some US energy officials pushing Trump administration to form new alliance with Saudi Arabia.…
Coronavirus impact on global oil demand & supply
According to new Oil Market Report (March 2020) by IEA expected reduced demand for oil (first time in 11 years).…
Saudi Aramco IPO
Aramco initial public offering (IPO) raised $26 billion and became the largest IPO ever. Company’s shares listed on Tadawul stock…
Saudi Aramco as the largest company in the world.
Saudi Aramco is the largest integrated oil and gas company in the world. Approximately one in every eight barrels of…