President Trump confirmed that he plans to impose 25% tariffs on all Canadian and Mexican imports, including a 10% slap on Canadian energy products, set to begin tomorrow. Trump also reiterated that reciprocal tariffs would begin on April 2nd. Mexico’s President Sheinba...
Indeed, during its ill-fated 2020 oil price war the Saudi Ministry of Energy said it would increase its maximum sustained capacity to 13 million bpd. So fundamentally wrong is this Saudi number that it was forced to say so in the prospectus for its latest bond Saudi Aramco stated that it ...
Rockefeller’s story was perfectly mirrored by the story of Colonel Edwin Drake. Having struck oil in Titusville and given rise to a billion-dollar global industry, Drake had not had the foresight to patent his drilling technique or even to buy up the land around his own well. He ended up...
Saudi Aramco issued its first bond in April 2019 and raised USD 12 billion, in a U.S. dollar-denominated debt issue, after receiving more than USD 100 billion in orders, one of the most oversubscribed debt offerings in history (Smith et al. 2019). Admittedly, Saudi Aramco outlined some ...