Posts By Cyril Widdershoven

Saudi Corruption Crackdown Topples Oil Kingpins

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Saudi Crown Prince Mohammad bin Salman’s unexpected crackdown has shattered the tranquility of the kingdom. After Saturday’s news emerged that a long list of high-profile Saudi royals, military leaders and multi-billionaires were arrested or confined to their quarters, all seemed to be only an implementation of the crown prince’s open threat that “no-one is above the law, whether it is a prince or a minister.” The current list of arrests include names like Saudi billionaire Prince Al-Waleed bin Talal, one of the most…

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Expect New Aramco IPO Details This Week

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Aramco’s 5 percent IPO—the world’s largest ever—continues to make headlines. Some analysts claim that the IPO is in danger of failing. Other sources report that the company is considering a 5 percent sale to China. New answers will likely emerge this week as many of the world’s most powerful investors, business leaders and public officials gather in Riyadh for a landmark 3-day investment summit, the Future Investment Initiative (FII). While media speculation regarding such an historic IPO is inevitable, it’s…

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Expect New Aramco IPO Details This Week

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Aramco’s 5 percent IPO—the world’s largest ever—continues to make headlines. Some analysts claim that the IPO is in danger of failing. Other sources report that the company is considering a 5 percent sale to China. New answers will likely emerge this week as many of the world’s most powerful investors, business leaders and public officials gather in Riyadh for a landmark 3-day investment summit, the Future Investment Initiative (FII). While media speculation regarding such an historic IPO is inevitable, it’s…

The post Expect New Aramco IPO Details This Week appeared first on aroundworld24.com.

The post Expect New Aramco IPO Details This Week appeared first on forexnewstoday.net.

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Oil Markets Fear Iraqi Escalation

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The expected military operation of Iraqi forces against the Kurdish peshmergas in Kirkuk has begun. Sources indicate that the Iraqi military, supported by Shia militias and Iranian forces, are battling in and around Kirkuk to retake the city and its vast oil reserves. Initial media reports that Kurdish fighters withdrew from the city without a fight are now being countered by reports on the ground of direct military contact. Iraqi military reports still indicate that they have retaken the Kirkuk oil fields and entered parts of Kirkuk. The official…

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Trump Just Made Iran A Wildcard

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American President Donald Trump has officially decertified the Joint Comprehensive Plan of Action (JCPOA) Iran deal, while hitting Iranian power players—especially the Islamic Revolutionary Guard Corps (IRGC)—with a new list of sanctions. Trump’s long-awaited statement on his confrontation with Iran could cause a watershed in the regional power structure of the Middle East. After calling the Iranian nuclear agreement the “worst deal ever”, Trump has now followed through on his statement by decertifying the JCPOA agreement…

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Is This The Geopolitical Shift Of The Century?

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The geopolitical reality in the Middle East is changing dramatically. The impact of the Arab Spring, the retraction of the U.S. military, and diminishing economic influence on the Arab world—as displayed during the Obama Administration—are facts. The emergence of a Russian-Iranian-Turkish triangle is the new reality. The Western hegemony in the MENA region has ended, and not in a shy way, but with a long list of military conflicts and destabilization. The first visit of a Saudi king to Russia shows the growing power of Russia in the…

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Trouble Is Brewing In Kurdistan

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The September 25 Kurdish independence referendum in Iraq’s Kurdish region is seen by Kurdish supporters as a major step forward to fulfilling its dream: an independent Kurdish state. The dream, however, could be met with a military response from the Iraqi government and surrounding countries Iran, Syria and Turkey. The bloody history of the Kurds in the Middle East could soon add a new chapter. Now, the Kurdish national state could even be met by a combined Shi’a and Turkish military force. Turkish forces are already holding major military…

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Will Shell’s Gas Gamble Pay Off?

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Supermajor Royal Dutch Shell has decided to divest its Iraqi oil assets in a move to focus on its future in natural gas. The industry giant is seemingly breaking from its oil heritage to head full speed into the “Golden Age of Gas.” Shell’s decision to leave Iraq’s upstream oil assets is not without risk, however, as the market for natural gas is even more oversupplied than it is for crude oil. Reuters reported the move first, based on a letter from the Iraqi ministry of oil, followed by a confirmation from Shell. The Dutch…

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Why Aramco Delayed Its IPO

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The long-awaited Saudi Aramco IPO, scheduled for mid-2018, could be delayed to 2019. International news reports have stated that the Saudi government is currently putting together contingency plans for a possible delay to the biggest IPO ever. The listing of 5 percent of Saudi Arabia’s crown jewel, the world’s largest oil company Saudi Aramco, could bring in around $300-$400 billion, based on a valuation of Aramco at between $1.5-2 trillion. The cash generated by the IPO has already been earmarked for the coffers of the Saudi Public…

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Why Aramco Delayed Its IPO

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The long-awaited Saudi Aramco IPO, scheduled for mid-2018, could be delayed to 2019. International news reports have stated that the Saudi government is currently putting together contingency plans for a possible delay to the biggest IPO ever. The listing of 5 percent of Saudi Arabia’s crown jewel, the world’s largest oil company Saudi Aramco, could bring in around $300-$400 billion, based on a valuation of Aramco at between $1.5-2 trillion. The cash generated by the IPO has already been earmarked for the coffers of the Saudi Public…

The post Why Aramco Delayed Its IPO appeared first on aroundworld24.com.

The post Why Aramco Delayed Its IPO appeared first on forexnewstoday.net.

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