INSIDER
Becky Sauerbrunn and over 100 women's soccer players protest FIFA deal with Saudi oil giant Aramco
Read full article: Becky Sauerbrunn and over 100 women's soccer players protest FIFA deal with Saudi oil giant AramcoFormer U.S. national team captain Becky Sauerbrunn and Netherlands forward Vivianne Miedema are among more than 100 women’s soccer players who have signed an open letter protesting FIFA’s sponsorship deal with Saudi Arabian state oil giant Aramco.
Oman state-run oil firm OQ will make initial public offering and potentially seek billions
Read full article: Oman state-run oil firm OQ will make initial public offering and potentially seek billionsAn Omani state-run oil and gas company says it will make an initial public offering of its exploration and production business, potentially seeking billions in a major move toward privatization in the sultanate.
Saudi Arabia extends cut of 1 million barrels of oil a day through September, trying to boost prices
Read full article: Saudi Arabia extends cut of 1 million barrels of oil a day through September, trying to boost pricesSaudi Arabia says it will extend its unilateral production cut of 1 million barrels of oil a day through the end of September in its effort to boost flagging energy prices.
See to Succeed: HHF celebrates program helping underserved children receive eye exams, glasses
Read full article: See to Succeed: HHF celebrates program helping underserved children receive eye exams, glassesThe Houston Health Foundation is celebrating Aramco Americas’ visionary leadership and support of its Brilliant Futures program, See to Succeed, operated by the Houston Health Department.
OPEC+ keeps cautious oil production despite Biden pressure
Read full article: OPEC+ keeps cautious oil production despite Biden pressureOPEC and allied oil-producing countries have decided to stick with their plan for cautious monthly increases in oil production even as prices surge and the global economy is thirsty for fuel.
Saudi minister urges caution on oil production levels
Read full article: Saudi minister urges caution on oil production levelsStorage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, Sunday, March 21, 2021. (AP Photo/Amr Nabil)FRANKFURT – Saudi Arabia's energy minister took a cautious view of any increase in oil production as members of the OPEC cartel met Thursday with allied non-member countries to decide production levels. But lower production levels deprive state budgets of money at a difficult time. Russia has typically pressed for higher production levels in the face of Saudi restraint. One reason is that Russia can balance its state budget at lower oil prices than the Saudis can.
Saudi Aramco to issue bonds as it seeks cash amid oil slump
Read full article: Saudi Aramco to issue bonds as it seeks cash amid oil slumpDUBAI – Saudi Arabia's oil giant Aramco announced Monday it will issue international bonds as it seeks a cash infusion to help pay for billions of dollars in dividends the company promised shareholders before the global coronavirus pandemic sent oil prices plummeting. In a statement posted on the Saudi Tadawul stock exchange, the company said it plans to issue U.S.-dollar denominated bonds but did not specify the size of the issuance. Monday's announcement to issue bonds is aimed at raising capital needed to pay the promised dividends, which at $18.75 billion a quarter exceeds Aramco's current cash flow. The pandemic, which led to unprecedented lockdowns and border closures globally, also ultimately weakened demand for oil and pushed oil prices down. Saudi Arabia has cut production, along with other oil producers, to support oil prices from sliding further.