The trillion dollar club stands for companies with market cap at least $1 trillion in some point of time. This exclusive group have 3 similarities in common: $1 trillion market cap, USA based and all part of technology sector. As you may guess already that only a few companies qualified to be in the trillion […]
Since March 2020 it’s became tough task to control crude oil prices (all benchmarks). It’s all happened because Russia walked away from OPEC+ agreement. Countries rich in hydrocarbons have been trying to increase market share by increasing production. But covid19 impact was unpredictable and resulted in drastic reduction of worldwide demand for hydrocarbons. After WTI […]
According to article published in WSJ some US energy officials pushing Trump administration to form new alliance with Saudi Arabia. In last a few week Brent oil prices fell sharply to 17 years low because Russia didn’t support Saudi Arabia and OPEC in crude oil production cuts. This event triggered one one biggest fuel cost […]
According to new Oil Market Report (March 2020) by IEA expected reduced demand for oil (first time in 11 years). This is a result of wide spread of corona virus (Covid-19). For second consecutive year global refining expected to decline because global demand for fuels reduced (also result of corona virus). Global demand for oil […]
Aramco initial public offering (IPO) raised $26 billion and became the largest IPO ever. Company’s shares listed on Tadawul stock exchange. Saudi Aramco IPO prospectus gives insight into Company’s business, enormous profits, strategy, risks, perspectives, etc. Aramco is the world’s largest integrated oil & gas company. In 2019 Company produced 13.2 million barrels per day […]
Saudi Aramco is the largest integrated oil and gas company in the world. Approximately one in every eight barrels of crude oil produced by company. Company’s refining capacity is fourth largest in the world: gross refining capacity of 4.9 million barrels per day & net refining capacity of 3.1 million barrels per day. Company expects […]