"This certification underscores why every barrel we produce is the most profitable in the world, and why we believe Saudi Aramco is the world's most valuable company and indeed the world's most important", Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said.
Saudi Aramco plans to tap the debt market in the second quarter to finance the acquisition of petrochemical giant Sabic, likely issuing its first ever worldwide bond and disclosing its accounts in the process.
Saudi Arabia, world's top oil supplier, announced that it would markedly slash oil supply in the recent two months.
Crude oil prices appeared headed lower Thursday after a USA report showed a lower-than-expected inventory draw, and also as trade talks earlier this week between China and the United States did not show a clear direction.
The plans for the bond, first reported by Bloomberg News previous year, came as the Saudi Arabian government reactivates a plan to sell shares in the company.
Analysts also distinguished themselves on Wednesday by recognizing the near-schizophrenic behaviour that has characterized crude trading of late: Matt Sallee, a portfolio manager who helps oversee $16 billion in energy assets for Tortoise, told Bloomberg, "Sentiment went from completely negative a couple of weeks ago to very positive right now; everyone's just focused on the Saudis and they seem quite determined".
No details have been released on the size of the potential bond sale yet, however, it is expected that it could rank among the biggest issued by a firm if Aramco finances a signifcant percentage of the Sabic deal with it. Al-Falih, however, dismissed that chatter saying that "It's not going to be anywhere near the number that's been rumored". In turn, the Public Investment Fund would obtain the money it had initially hoped to raise from the Aramco IPO.
Aramco has so far largely avoided bond markets, relying nearly exclusively on its own cash or bank loans. "We are serious about restoring balance to the market", Falih said at a press conference in Riyadh.
While crude oil prices fluctuate depending on news events, global politics, and market conditions, the demand for transportation fuel continues to grow steadily, worldwide, according to the company.
The Accidental Prime Minister has been in the news since a while now due to the reported controversial content. The best part is that it shows the human side of Manmohan Singh though not to a great deal.
But if the Knicks can manage to sneak Courtney Lee or Tim Hardaway Jr . into a deal, this trade would become a home run. Kanter is on an expiring $18.6 million contract, while Randolph's is worth $11.6 million, northjersey.com noted.
It has been linked to genetics and can be triggered by certain diseases (for example, Ménière's disease) and viral infections. The site says an estimated 3,000 people in the US are affected - so just one out of every 12,000 cases of hearing loss .
Craig McLachlan starred in Neighbours from 1987 to 1989 as Henry Ramsay, brother of Charlene, played by Kylie Minogue. He most recently had the title role in BBC crime-drama series " The Doctor Blake Mysteries ", between 2013-17.
Australian Foreign Minister Marise Payne speaks to the press at the Australian embassy in Bangkok , Thailand, January 10, 2019. Surachate discussed Alqunun's situation on Tuesday with Saudi Charge d'Affaires in Thailand Abdalelah Mohammed A.
These ultra-dense remnants still emit thermal radiation as they cool, and are visible to astronomers as rather faint objects. Our sun is also expected to end its life in the same manner, crystallizing like a jewel in about 10 billion years.
Sheila Fitzgerald, the mayor of the Atlantic coastal town, also expressed concern for the well-being of the harp seals. Brendon Fitzpatrick, the mayor of nearby Conche, has been documenting the stuck seals on Twitter.
Donald Trump teases changes for H-1B visa holders
Democrats say the wall project, which carries a total price tag of more than $20 billion, is expensive, ineffective and immoral. Trump campaigned for president on a promise to crack down on immigrants, who he said took jobs away from U.S. citizens.
New software can be used to track shared Netflix accounts
Many casual users will be happy to pay an additional fee for a premium, shared service with a greater number of concurrent users. Synamedia says the system has already begun trials, though no official release date has been set as of yet.
U.S. cancer death rate hits milestone
But cancer is the leading cause of death in many states and among Hispanics, Asian Americans and people under 80 years of age. Leukemia accounts for nearly a third (28%) of all childhood cancers, followed by brain and other nervous system tumors (26%).
'Criminal Minds' to end with Season 15
The Criminal Minds team will film the final 10 episodes this spring to film straight through after Season 14 is completed. CBS has announced it has renewed the long-running Criminal Minds TV show for a 15th and final season.
Apple plans to launch three new iPhone models this year
Among other features, the LCD display lets Apple sell the XR at a lower price than the OLED-display-toting iPhone XS and XS Max . Apple doesn't do CES , but Apple-related news and rumors usually dominate the biggest consumer electronics show of the year.
B.C. telescope picks up mysterious repeating fast radio burst
The CHIME telescope in British Columbia will search our universe for phenomena such as fast radio bursts , pulsars and more. The project wasn't yet living up to its full potential, suggesting that there are plenty more bursts to be discovered.