• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 5 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 4 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 2 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 2 days Modest drop in oil price: SPRs vs US crude inventory build
  • 3 days 2019 - Attack on Saudi Oil Facilities.
  • 3 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 4 days Ukrainian Maidan after 8 years
  • 5 days Peak oil - demand vs production
  • 5 days "How the CO2 shortage is impacting the food and drink sector" - Specialty Food Magazine
  • 5 days NordStream2
  • 6 days "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
Editorial Dept

Editorial Dept

More Info

Premium Content

The Aramco Valuation Will Soon Be Revealed

This week in oil markets has been all about the pervasive trade war between China and the US that has dogged oil prices for the better part of the year, resulting in demand growth forecasts from multiple sources and analysts repeatedly being adjusted downward. There was some rare bullish news coming out of trade war discussions this week, with claims that both sides had agreed to relax tariffs and would sign something soon to that effect. But late in the week sentiment seemed to shift, with some traders skeptical that any deal will be signed in the short term. This same story has been playing out for months on end, and no trading lesson is ever learned.  

All eyes this weekend will be on news related to the Aramco IPO listing on the Tadawul, with Saturday hopefully bringing the prospectus for the IPO and a final resolution for the question on everyone’s mind: What will the final valuation for Aramco be?

Brazil’s Oil Auction Flop 

Brazil had a tough week. The two auctions planned for this week, the Transfer of Rights (TOR) auction on Wednesday and the pre-salt auction on Thursday, were huge disappointments. The result? Several of the world’s most mouthwatering oil prospects have been taken off the market - a development that will send shockwaves through the global oil industry.

Wednesday’s TOR auction was supposed to bring in $50 billion—$25 billion for Brazil, and $25ish billion to Brazil’s state-run…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News