Eleven non-OPEC oil producers that agreed to cut output to boost prices have delivered at least 60 percent of promised curbs so far.
*Listing of Aramco could raise up to $100 billion. Industrial and Commercial Bank of China International Holdings, a wholly-owned Hong Kong- based subsidiary of Industrial and Commercial Bank of China, and China International Capital Corporation are among the Chinese banks pitching for the deal, two other sources familiar with the matter said.
*Listing of Aramco could raise up to $100 billion. The U.S. banks have joined boutique investment bank Moelis& Co in being tapped for coveted roles in what is expected to be the world's biggest intial public offering worth some $100 billion. Up to 5 percent of the world's largest oil producer is likely to be listed on both the Saudi stock exchange in Riyadh and on one...
*Listing of Aramco could raise up to $100 billion. Feb 21- Oil company Saudi Aramco has selected JPMorgan Chase& Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Saudi authorities are aiming to list up to 5 percent of the...
Feb 21- Oil company Saudi Aramco has selected JPMorgan Chase& Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters on the firm's planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The listing of Aramco is expected to be the world's biggest initial public offering and could raise up...
Feb 21- Oil giant Saudi Aramco has selected JPMorgan Chase& Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters on the firm's planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Saudi Arabian Oil Co, known as Saudi Aramco, was not immediately available for comment.
The Toronto Stock Exchange is vying for the massive Saudi Aramco initial public offering, exchange parent TMX confirmed to CNBC.
Saudi Arabia is favoring New York to list state oil giant Saudi Aramco, while also considering London and Toronto for the prospect of floating the firm.
RIYADH, Feb 21- Saudi Arabia has appointed U.S.-based Bechtel Corp, one of the world's largest industrial contractors, to run a new oversight office tasked with reducing inefficiencies and trimming costs on state infrastructure projects. Projects throughout Saudi Arabia slowed to a halt last year as the government delayed payments to contractors for their...
Saudi Minister of Foreign Affairs, Adel al-Jubeir talks about security and protecting the Middle Eastern country’s citizens from threats such as Iran.
Saudi Minister of Foreign Affairs, Adel al-Jubeir explains why he believes the greatest threats to regional stability are terrorism and Iran’s “aggressive” policies.
Saudi Foreign Minister Adel al-Jubeir speaks about U.S. President Donald Trump, Iran and the price of oil, followed by analysis from CNBC's Hadley Gamble.
Adel al-Jubeir, foreign minister of Saudi Arabia, talks about his country's oil policy and diversifying the Saudi economy.
The foreign minister of Saudi Arabia said the new U.S. administration can extend an olive branch to everyone.
Prince Turki al Faisal, former head of Saudi Arabian intelligence, speaks about the new Trump administration and the rise of populism in Europe.
*Original plan was to make Aramco "industrial conglomerate". *But this could make valuation more complex, lower. RIYADH, Feb 17- Saudi Arabia is considering two options for the shape of Saudi Aramco when it sells shares in the national oil giant next year: a global industrial conglomerate, and a specialised international oil company, industry and banking sources...
The cartel got 90 percent compliance in its first month of coordinated production cuts, but some say OPEC will soon be tested.
Mudassir Sheikha, co-founder and CEO of Careem, discusses his ride-hailing company's global ambitions.
Iain Reid, head of European oil and gas research at Macquarie, discusses how major oil producing countries are addressing a deal made late last year to curb production.
Saudi Arabia over-delivered, but OPEC cut about 90 percent of the oil supplies it committed to take off the market.