Saudi Arabia ///

Aramco IPO delayed on disagreement over valuation

At a meeting to give a green light for a deal, bankers made clear that international investors had little appetite to buy at a $2 trillion valuation, according to people familiar with the matter.

Aramco says production has returned to pre-attack levels

Saudi Aramco says it’s currently pumping 9.9 MMbpd, the same as before the Sept. 14 attacks at Abqaiq, the world’s biggest oil-processing facility, and the field at Khurais.

Iran says tanker hit by missiles in Red Sea near Saudi Arabia

The Islamic Republic’s tanker company initially said the attacks probably came from Saudi Arabia, but later withdrew the claim.

Saudis raise pricing on Asian crude deliveries after attacks cut output

Saudi Arabia raised all pricing for November oil sales to Asia as refining margins rose and the country’s state oil producer pulled out the stops to maintain supply after aerial attacks briefly knocked out half its output last month.

After the Saudi attack, are Russia and Saudi Arabia still pumping too much oil?

This year, the oil market has faced some of the worst supply disruptions in recent times and yet prices remain stuck in the $60s.

Saudi oilfield attack recovery: Making sense of the numbers

A blizzard of data on Saudi Arabia’s oil production, production capacity and exports has painted a picture of an industry that is almost back to normal after the Sept. 14 attacks. That view may be too simplistic, though.

Aramco’s IPO timeline leaves research analysts scrambling

Saudi Aramco is wasting no time pushing ahead with its initial public offering, leaving legions of analysts scrambling to prepare research that will help investors decide whether to buy into one of the world’s biggest ever share sales.

Targeting a $2 trillion valuation, Aramco readies IPO plan for October

The state-run company plans to announce its intention to float around Oct. 20, according to people with knowledge of the matter. The firm, which is holding analyst meetings from Wednesday, is targeting a valuation of at least $2 trillion -- more than double that of Apple Inc.

Saudi oil capacity recovering from attacks faster than expected

Saudi Arabia is recovering faster than expected from the attacks on its oil industry, with total production capacity restored to more than 11 MMbpd about a week ahead of schedule, according to people with knowledge of the situation.

Saudi Arabia to waive ‘expat fees’ for industrial companies

Saudi Arabia will waive the controversial fees it requires industrial companies to pay for their foreign workers for a period of five years, lightening a burden on the private sector.

Repairs to Saudi oil production may take ‘many months’: WSJ

“We are still in a frantic search for spare parts,” an anonymous Saudi official was quoted as saying. The situation is not “as rosy as you might think,” the official said.

Saudis reveal extent of damage to Kuharis oilfield following attack

Saudi Aramco revealed the significant damage caused by aerial strikes on its Khurais oil field and Abqaiq crude-processing plant last weekend, and insisted that the sites will be back to pre-attack output levels by the end of the month.

Filling Aramco’s crude orders will get tricky if repair timetable slips

Saudi Arabia’s pledge to fulfill all commitments to oil buyers after a strike on the giant processing plant at Abqaiq means the world’s largest crude exporter must continue to draw heavily on its inventories until production capacity returns.

Oil rises amid doubts about speed of Saudi recovery from attacks

Oil rose amid doubts about the speed of Saudi Arabia’s recovery from the weekend’s attack on its facilities that knocked out a large chunk of its production.

Saudi attack damages kingdom’s role as guardian of the oil market

Saudi Arabia is fixing its energy infrastructure and restoring crude production, but the weekend’s attacks may have done irreparable damage to one of the kingdom’s greatest assets -- its role as guardian of global oil markets.

Weatherford, Saudi Aramco sign five-year procurement deal

Weatherford has announced the signing of a five-year corporate procurement agreement with Saudi Aramco to deliver cementation, completions, liners, solid expandables and casing exit technologies

Saudis keep oil flowing as they patch up wounded industry

“Considering limited spare capacity outside Saudi Arabia and risks of renewed attacks on Saudi energy infrastructure, a risk premium is likely to stay on oil prices in the foreseeable future,” UBS Group AG analyst Giovanni Staunovo said in a note on Wednesday.

Aramco chairman says attacks won’t derail IPO preparations

Saudi Arabia is committed to the IPO, Yasir Al-Rumayyan said on Tuesday at a press conference in Jeddah. He refused to commit to a precise timetable, however, saying the company is ready to do it any time in the next 12 months.

Saudi Arabia partially restores output at damaged oil plant

Saudi Arabia attempted to move beyond the worst oil disruption in its history, assuring the world that crude exports will not suffer, its damaged facility had partially restarted and production capacity would be back to normal within months.

Pentagon readying a public show of evidence in Saudi attacks

The Pentagon is preparing a report on who was responsible for the weekend attack on Saudi oil facilities and intends to make it public within 48 hours, a U.S. defense official said.