BBC (December 6)
Saudi Aramco, the state-owned oil giant, “raised a record $25.6bn (£19.4bn) in its initial public offering in Riyadh. The share sale was the biggest ever, surpassing that of China’s Alibaba which raised $25bn in 2014 in New York.” When trading begins, it will become “the most valuable listed company in the world,” valued at $1.7tn based on the IPO.
Tags: Alibaba, China, IPO, Most valuable, New York, Oil, Record, Riyadh, Saudi Aramco, Share sale
OilPrice.com (October 9)
“Now that Brent has lost more than $13 since its mid-September spike many are saying that Middle East risk is underpriced. We’re taking a different view…. Washington and Beijing still pose more of a threat to oil prices than Tehran and Riyadh.”
Tags: Beijing, Brent, China, Middle East, Oil prices, Risk, Riyadh, Spike, Tehran, Threat, U.S., Underpriced, Washington
