Saudi Aramco, the world’s biggest energy company, started marketing its first dollar-denominated Islamic bond sale.
The state-controlled company is offering sukuk due in three, five and 10 years, according to a person familiar with the matter, who asked not to be identified as the details are private.
Aramco hired advisers including Citigroup Inc. and Goldman Sachs Group Inc., a separate person familiar said earlier this week.
Saudi Aramco has asked banks to extend by a year a US$10 billion loan it raised last May, two sources familiar with the matter said, suggesting that rebounding crude prices are not pushing the oil […]
Oil held above $69 a barrel in London after a raft of economic data from China added to signs of recovery from the coronavirus pandemic. Brent futures traded up 0.4% after earlier climbing 1.2%. Figures […]
Saudi Aramco’s top official warned Sunday that an increased focus on climate was undermining investment in oil and gas to the point where it now posed a threat to the world’s energy security. Global investments […]
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