Category Archives: Oil

ARAMCO IPO

Saudi Aramco announced on Tuesday that it will be anticipating a valuation of $1.6 trillion to $1.7 trillion from its anticipated initial public offering of the Saudi-owned energy company. This valuation falls short of the initial $2 trillion figure the … Continue reading

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U.S. Oil’s Growth Challenges Investors

The U.S. is the world’s leading oil producer, pumping out approximately 12.5M barrels of oil a day which has contributed to the low oil prices. This has negatively affected oil investors. The SPDR Oil & Gas Exploration & Production ETF … Continue reading

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SAUDI ARAMCO MEETS INVESTORS IN LAST-MINUTE BID TO HIT $2 TRILLION IPO TARGET

Saudi Aramco officials and advisers are holding last-minute meetings with investors around the world to achieve a $2 trillion valuation ahead of an expected listing on Sunday. Failure to reach this target price would force Saudi Crown Prince Mohammed bin … Continue reading

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Oil Rises After an Iranian Tanker Takes a Hit

The petroleum market was affected after Sabiti, an Iranian oil tanker, was damaged. The tanker was 60 miles away from the Saudi Arabian port of Jeddah when its main tanks were supposedly hit by missiles. West Texas Intermediate futures rose … Continue reading

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FLP Market Update 6

Stock prices rallied to close out last week, mainly due to optimistic news surrounding the U.S.-China trade war. In the first phase of a broader deal that was announced on Friday, China will increase U.S. agricultural product purchases and the … Continue reading

Posted in Apple, Bonds, Brexit, China, Facebook, Oil, trade war, Treasury Yields | Leave a comment

FLP Market Update 3

Stocks finished lower last week after three straight weeks of gains. The main events that caught investors attention were the attacks on major oil facilities in Saudi Arabia, and the Federal Reserve’s decision to cut rates by 25 basis points … Continue reading

Posted in Fed, Federal Reserve Bank, Iran, Oil, Treasury Yields | Leave a comment

Uncertainty Over Oil

The price of oil futures has seen extreme volatility in late October till now. Brent which is still up 9.11% year to day is down 13.75% in the past month trading at $72.52 per barrel. While West Texas Intermediate or … Continue reading

Posted in commodity, macro-economic, Macro/Sector News, Oil, OPEC, stock market, Uncategorized | Leave a comment

Oil Hits 4-Year High

On Tuesday, September 25th, Brent futures hit a high of $81 per barrel. A level not seen since 2014. Oil prices are rising as sanctions on Iran set to take effect in Mid-November leave investors worried about undersupply in the … Continue reading

Posted in Global News, Oil, OPEC, Uncategorized | Leave a comment

The Future of Oil Demand

Contrary to popular belief, taking into account electric cars and other forms of renewable energy, OPEC (The Organization for Petroleum Exporting Countries) forecasts global demand for oil increase into 2040. In the short term, OPEC expects global annual demand growth … Continue reading

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Oil Outlook – Iran and Nate

Crude oil has fallen slightly this week, with WTI closing at $49.44 and Brent at $55.72. Prices fell on Thursday due to increased exports from the US. On Friday, fear of refineries closing from Tropical Storm Nate depressed oil prices. … Continue reading

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