saudi arabia

energySaudi Aramco Passed $2 Trillion Valuation in Intraday Trading

Saudi Aramco’s shares closed at 36.8 Saudi riyals on Thursday, putting the company’s market value slightly below $2 trillion. The shares opened Thursday and reached 38.7 riyals where it briefly traded above a market value of $2 trillion. Apple closed …

businessSaudi Aramco Trades Up $180 Billion to $1.88 Trillion

Saudi Aramco opens up $180 billion from its $1.7 trillion IPO price. The petroleum sector provides 87% of Saudi budget revenues, 90% of export earnings, and 42% of GDP. Apple is the second largest publicly traded company at $1.20 trillion …

appleSaudi Aramco Will IPO 1.5% of the Most Valuable Company in the World

Saudi Aramco will raise $25.6 billion in world’s biggest I.P.O. This will be a bit bigger than the 2014 IPO of Alibaba. Aramco made a net profit of $68 billion for the first nine months of the year. This is …

energyUS Crude Oil and Oil Product Exports Exceeded Saudi Arabia’s Oil Exports

Saudi Arabia oil exports will dip for a few days because of the damage to oil handling infrastructure. Saudi Arabia oil exports were 7,371.537 Barrel/Day in Dec 2018 and 6,968.319 Barrel/Day in Dec 2017. US oil exports including non-crude oil …

canadaUS All Liquid Oil Production is at 73% of OPEC Oil Production

US All Liquids oil production is at 19.6 million barrels per day. US oil production is forecasted to increase by 1-2 million barrels per day by the end of 2020. US crude oil production is at 12.5 million barrels per …

dubaiElon Ten Kilometer Vacuum Hyperloop Tunnel and 35 Kilometer Saudi Hyperloop Test Track

Elon Musk tweeted that a 10-kilometer hyperloop track with a full vacuum tunnel and a curve will be built. It will be built by The Boring Company with SpaceX. They currently have a 1.6 km (1 mi) track. Elon Musk …

chinaSaudi Arabia and the Future of China-US Financial Balance of Power

Saudi Arabia controls a 10% of global oil production. They are the world’s biggest oil exporter with sales of $356 billion last year. China is the world’s biggest importer of oil. The annual value of global oil output is currently …

energySaudi Arabia Works with South Korea, China, Argentina on Nuclear Power

Google Earth Satellite images show that Saudi Arabia is within months of completing an experimental nuclear reactor. Saudi Arabia is working with Argentina on the experimental reactors. In March 2015, INVAP (Investigacion Aplicada) from Argentina and state-owned Saudi technology innovation …

energySurging US Oil from Efficient Fracking Is Forcing More OPEC Cuts

Iraq, Kuwait, the United Arab Emirates, Russia and Saudi Arabia will extend an OPEC agreement for oil production cuts for another six months. OPEC recently agreed to a six month 1.2 million barrel per day oil production cut. OPEC is …

energyUnited States is now the largest global crude oil producer

The United States passed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s (Energy Information Administration). EIA expects that U.S. crude oil production will continue to exceed Russian …