• 4 minute Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 8 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 15 minutes Oil and Trade War
  • 4 hours Could oil demand collapse rapidly? Yup, sure could.
  • 9 hours Are EVs Safer Than Combustion Engine Vehicles?
  • 5 hours What If Canada Had Wind and Not Oilsands?
  • 7 mins U.S. Withdraws From U.N. Human Rights Council
  • 7 hours Russia, Saudi Push For Big Hike In Oil Output Despite Iran Opposition
  • 12 hours Sell out now or hold on?
  • 13 hours Nopec Sherman act legislation
  • 8 hours Oil prices going down
  • 8 hours WE Solutions plans to print cars
  • 7 hours Gazprom Exports to EU Hit Record
  • 14 hours Trump Hits China With Tariffs On $50 Billion Of Goods
  • 15 hours After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 12 hours Migrants: Italy Wants EU Border Agency In Africa, Not At Sea
  • 7 hours Australia mulls LNG import
  • 7 hours Oil and Trade War
  • 42 mins Lloyd's of London excludes coal
Alt Text

Energy Efficiency Adds Value To Home Prices

A new study has suggested…

Alt Text

Permian Discount Could Rise To $20 Per Barrel

Midstream constraints plaguing Permian drillers…

Alt Text

Venezuela Won’t Have Enough Oil To Export By 2019

GlobalData recently projected that Venezuela’s…

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Trending Discussions

What Saudi Bonds Say About Where Oil Is Headed

The Saudis have floated their first sovereign bonds, a $17.5 billion dollar offering that was more than 6 times oversubscribed. This bond issuance gives us tremendous insight into the largest OPEC member, their thoughts on the trajectory of oil and where we probably should look for investments in the coming years.

Saudi Arabia, besides being the largest and strongest member of OPEC, has begun a major effort to change itself. Earlier this year, it launched the ‘vision 2030’ program to much fanfare, designed to move the Saudi economy away from its singular focus on oil. The death of King Abdullah and succession of King Salman prompted the development of ‘Vision 2030’ which includes social and educational reforms. In charge of this new policy is young Prince bin Salman, who has risen quickly to power ahead of much older and more senior princes like al Nayef, who was thought to be the likely successor to King Salman, now more than 80 years old.

But outside of these family politics there remains an oil question that the Saudis are trying to answer – how long can they depend solely on the revenues from their lone oil commodity?

The aggressive bond offering just completed gives us an indication that the Saudis, alongside their family turmoil, are feeling economically panicked as well.

Otherwise, why would they begin their capitalization of oil assets now, when oil prices are still only hovering at a relatively low $50 a barrel?…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News