Podcasts about aramco ipo

Last month, Saudi Arabia sold about 1.5% of Saudi Aramco, a government-owned oil company, in an in an initial public offering (IPO). Shares have been sold on the Tadawul, Saudi Arabia’s stock exchange, and while the IPO has valued Aramco at $1.7 trillion, its performance was disappointing overall. To discuss the Aramco IPO and other developments in the global oil market, David Dollar is joined by Samantha Gross, a fellow in the Foreign Policy program at Brookings and Energy Security and Climate Initiative. Their conversation covers Saudi Arabia’s efforts to diversify its economy, long-term trends in oil production and demand, and how the recent killing of Iranian Maj. Gen. Qassem Soleimani could affect markets. Subscribe to Brookings podcasts here or on Apple Podcasts, send feedback email to BCP@Brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. Dollar and Sense is a part of the Brookings Podcast Network.

Saudi Arabia is drastically shifting its oil industry. Discover why the Saudis are opening their oil industry to foreign investment, and how ARAMCO is impacting investment around the globe.

2019 will be remembered for key political events including, the start of the partisan proceedings in the US Congress to impeach Donald J. Trump, the resounding election victory of the Tories in the UK, and the unprecedented democratic protests in HK. Closer to the Middle East, the milestones of 2019 will be split between the financial landmark of the quasi-successful Aramco IPO, the civilian protests in the streets of Iraq and Lebanon, and the saga of repeat-elections in Israel, which are starting to have a twist of the ‘Groundhog Day' motion picture. On that latter chapter of pain and toil in the Levant, the story has just begun and the last weeks of the current year that were punctuated by the dual resignations of the respective PMs in Iraq and Lebanon, the joint naval exercises of Iran-China-Russia in the Gulf of Oman, and the most recent US strikes on Iran's proxy militias in Iraq and Syria, do not bode well for the coming year. In a globalized world, it is difficult to dissociate such events. The US election in 2020 means that the US President will have his hands tied during the campaign. Thus, launching large scale military operations against Iran, as opposed to surgical strikes, will be difficult if not near impossible. The hawkish advisers in the WH such as Steve Bannon and John Bolton, who would have advocated a more robust retaliation, are no more. Add to that, the genuine aversion of this President, despite predictions to the contrary, to forays into foreign lands. He prefers to keep his ‘powder dry' unless he is pushed to using it or is being paid to do so. Ask the Saudis and South Koreans and their answers would be in unison. In 2020, Russia looks to be more active in the Middle East, as it continues to prosecute its war against the opponents of the Assad regime in Syria, without any international recriminations.  Russia will keep the Eastern Mediterranean basin busy with war-like activities as it presses forward with its Nord Stream 2 project and secures its supply of natural gas into the EU. Syria will bear the brunt of Russia's military meddling although the Libyan theater will not remain unscathed, thus reinforcing the views that gas from Russia is the safest and best supply route to Western Europe. From all the nations of the Middle East, the one to worry about the most in 2020, is Lebanon. At such critical time, Lebanon will have to face its demons all by itself: no US support, no brotherly love from the GCC, no EU tangible plan and no national unity to bring the country onto a possible path for recovery. Iran can offer Hezbollah few US Dollars and many missiles, but that is as far as the list goes. The national political class is gripped with apathy, a touch of idiocy and grave complete ignorance about financial matters. The elite class (bankers in its near majority) are complicit or implicated -one way or another- into the financial morass and do not favor any deal that would reduce to ashes their already wiped out equity. This brings to mind what John Kenneth Galbraith said about the Crash of 1929: “The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.” Moreover, TVs are crammed with programs that feature self-appointed banking experts, economic gurus and even astrologers who have their own hair-brained plans for getting the country out of the fix. Unofficial spokespersons of the ‘street revolt' are bickering among themselves. They are split between a group of opportunists who see their newly acquired fame a bridge for a ministerial position, and a group of idealists who want to revive the failed dreams of socialism. Ordinary people in the streets are helpless and continue to blame the ruling elite whilst asking for change, but change without a clear & radical transformation in the political culture of Lebanon would not do them any good. Fixing this nation does not start by fixing the financial problems only,

Aramco IPO updateOil prices near three-month highs on US-China trade dealhttps://www.cnbc.com/2019/12/16/oil-markets-us-china-trade-deal-in-focus.htmlUS and China reached a trade agreement, but some key details are still unclearhttps://www.cnbc.com/2019/12/16/us-and-china-reached-a-trade-agreement-but-key-details-still-unclear.htmlU.S. top trade negotiator praises deal, China remains cautioushttps://www.reuters.com/article/us-usa-trade-china/us-top-trade-negotiator-praises-deal-china-remains-cautious-idUSKBN1YJ0GLHow are markets taking it? Markets are liking it.WTI is up just over $60 finallyMarket has been waiting on the trade deal - so now that its done the market is waiting to see when the economic indicators will start to show positive news.When do we see the impact in agriculture? Shale Slowdown Takes Economic Tollhttps://www.wsj.com/articles/shale-slowdown-takes-economic-toll-11576405800- shocker! (Not)- rents declining in Midland, hotel prices declining- despite record amounts of crude production- But, if we don’t keep drilling, oil won’t keep producing- ancillary jobs get lost in economic indicators- rent prices might be better indicator of what’s going to happen with economy. Investors Doubt OPEC Cuts Can Boost Oil Priceshttps://www.wsj.com/articles/investors-doubt-opec-cuts-can-boost-oil-prices-11576501200- presuming compliance- Will only have 1 or maybe 2 months of compliance data for OPEC when meet again in March.Preview of API Monthly Statistical Report with Dr. Dean Foreman- The greatest petroleum demand for months of November at 21 million barrels of oil per day- Demise of oil and gas is way overstated. Huge increase in jet fuel and in refining and petrochemicals- reflective of underlying strengths in US economy and dependence on liquid fuels in US and the lifestyle- Prices are also down. Win for industry and win for consumers.- Are the DUCs keeping production up? Backlog is one source, as we get new infrastructure that is bringing new production on the market. But also productivity is solidly rising. And decline rates of legacy production have continued not to be nearly as much as people thought in general. Barnett Shale is perfect example.- US production = DUCs + productivity + less decline rate than expected- More DUCs coming online in Anadarko region than in Permian. - How far can we go with production continuing to grow but drilling down? Lots of expectation that production is going to decline, but EIA forecasts that production will continue to grow for next 3 quarters. Is there someone wrong with the EIA modeling? Or is it reality?- Down 670 DUCs according to EIA.- Where do the productivity increases come from? Digitalization, realtime learning, better targeting, improving recovery factors relative to resources. Increasing lateral lengths has had a huge impact. A well isn’t just a well anymore. Fewer holes in the ground with greater productivity potential. Costs also go down with this.- So much of the innovation comes from oil and gas service sector - many have become commodities s, almost as fast as they come out.- How long will it take for trade deal to filter into economic indicators? Should take several months.- De-escalation on industrial side but agriculture is most effected. - Trade deal really should help agri-business, according to the farmers.- Good sign that despite record petroleum product production we still have stocks. - Seasonality in regional divergence of gasoline. More growth in rural than in urban. Change in agriculture.- Conventional gasoline is almost twice the volume of reformulated gasoline!- Strong states getting stronger. On demand side its a regional story. Eastern seaboard is strongest area of growth. Midwest down, California down but Rocky Mountain is up. - IMO2020 compliance explains some of the seasonal variance in residual fuel oilAPI Monthly report - https://www.api.org/products-and-services/statistics/apis-economic-industry-outlook

Aramco IPO updateOil prices near three-month highs on US-China trade dealhttps://www.cnbc.com/2019/12/16/oil-markets-us-china-trade-deal-in-focus.htmlUS and China reached a trade agreement, but some key details are still unclearhttps://www.cnbc.com/2019/12/16/us-and-china-reached-a-trade-agreement-but-key-details-still-unclear.htmlU.S. top trade negotiator praises deal, China remains cautioushttps://www.reuters.com/article/us-usa-trade-china/us-top-trade-negotiator-praises-deal-china-remains-cautious-idUSKBN1YJ0GLHow are markets taking it? Markets are liking it.WTI is up just over $60 finallyMarket has been waiting on the trade deal - so now that its done the market is waiting to see when the economic indicators will start to show positive news.When do we see the impact in agriculture? Shale Slowdown Takes Economic Tollhttps://www.wsj.com/articles/shale-slowdown-takes-economic-toll-11576405800- shocker! (Not)- rents declining in Midland, hotel prices declining- despite record amounts of crude production- But, if we don’t keep drilling, oil won’t keep producing- ancillary jobs get lost in economic indicators- rent prices might be better indicator of what’s going to happen with economy. Investors Doubt OPEC Cuts Can Boost Oil Priceshttps://www.wsj.com/articles/investors-doubt-opec-cuts-can-boost-oil-prices-11576501200- presuming compliance- Will only have 1 or maybe 2 months of compliance data for OPEC when meet again in March.Preview of API Monthly Statistical Report with Dr. Dean Foreman- The greatest petroleum demand for months of November at 21 million barrels of oil per day- Demise of oil and gas is way overstated. Huge increase in jet fuel and in refining and petrochemicals- reflective of underlying strengths in US economy and dependence on liquid fuels in US and the lifestyle- Prices are also down. Win for industry and win for consumers.- Are the DUCs keeping production up? Backlog is one source, as we get new infrastructure that is bringing new production on the market. But also productivity is solidly rising. And decline rates of legacy production have continued not to be nearly as much as people thought in general. Barnett Shale is perfect example.- US production = DUCs + productivity + less decline rate than expected- More DUCs coming online in Anadarko region than in Permian. - How far can we go with production continuing to grow but drilling down? Lots of expectation that production is going to decline, but EIA forecasts that production will continue to grow for next 3 quarters. Is there someone wrong with the EIA modeling? Or is it reality?- Down 670 DUCs according to EIA.- Where do the productivity increases come from? Digitalization, realtime learning, better targeting, improving recovery factors relative to resources. Increasing lateral lengths has had a huge impact. A well isn’t just a well anymore. Fewer holes in the ground with greater productivity potential. Costs also go down with this.- So much of the innovation comes from oil and gas service sector - many have become commodities s, almost as fast as they come out.- How long will it take for trade deal to filter into economic indicators? Should take several months.- De-escalation on industrial side but agriculture is most effected. - Trade deal really should help agri-business, according to the farmers.- Good sign that despite record petroleum product production we still have stocks. - Seasonality in regional divergence of gasoline. More growth in rural than in urban. Change in agriculture.- Conventional gasoline is almost twice the volume of reformulated gasoline!- Strong states getting stronger. On demand side its a regional story. Eastern seaboard is strongest area of growth. Midwest down, California down but Rocky Mountain is up. - IMO2020 compliance explains some of the seasonal variance in residual fuel oilAPI Monthly report - https://www.api.org/products-and-services/statistics/apis-economic-industry-outlook

Aramco IPO was badly staged and executed; that's because Arab's don't compete in market economies.

On this week's episode, Mike and Scott discuss Google founders Sergey and Larry stepping down from Google's parent company, Alphabet, the Aramco IPO and its Saudi connections, Uber's internal classism, the sexual harassment case against Lyft, Elon Musk's increasingly absurd 'Pedo Guy Trial, the secret meeting between Trump and Zuckerberg, and much more.

China and Russia Are Partners—and Now Have a $55 Billion Pipeline to Prove Ithttps://www.wsj.com/articles/china-and-russia-are-partnersand-now-have-a-55-billion-pipeline-to-prove-it-11575225030?- 1800 mile pipeline through Siberia- Does this signify a new era of Russia influence over China? Hard to imagine given Russia’s GDP is lower than each of California’s, New York’s And Texas’s. Russia’s GDP per capital is a little higher than Mississippi’s.- Does Russia’s deal with Huawei negate Russia’s potential influence over China in natural gas.- Geopolitical partnerships are not 1+1=2 anymore. Tend flatten out these issues into relationships that are much more basic than we assumeSaudis Push for Longer-Lasting OPEC Cuts as Aramco IPO Approacheshttps://www.wsj.com/articles/saudis-push-for-longer-lasting-opec-cuts-as-aramco-ipo-approaches-11575214071- potential impacts are for post-IPO trading. Will Saudi Arabia try to push oil prices up before (or after the Aramco IPO) and can they even make an impact on oil prices through OPEC?Booze May Be Hurdle to India’s Energy Independencehttps://www.bloomberg.com/news/articles/2019-12-01/booze-may-be-hurdle-to-giant-oil-buyer-s-energy-independence- Learn from the U.S. and don’t put food into your cars.- building out infrastructure for EVs would be a better use of energy investment dollars.Interview with Gene Epstein - TheSohoForum.org- Yield curve was inverted a couple months ago but not anymore at this point- Inverted yield curve is when short term interest rates (3 months) are higher than long term (10 months) interest rates. This is the opposite of what you would expect. - Signals something disturbing that investment is not good for long term. Typically get a recessions later on. This is fairly good indicator of recessions. - But now the 10 year is above the 3 year again but we should consider the possibility that there could be a recession in the next 12 months.- Will have political impacts if it happens.- Currently in the longest slow but steady expansion period. Better to grow for 10.5 years at slow pace than to grow quickly for 6 years.- Prediction: pace of growth will continue into 2021- Tariff/trade war influence - manufacturing in US has definitely felt this- China/Russia relationship. One pipeline is not going to create an uber-polity that will take over the world.- Russia is a non-entity in the world. Threat to their own backyard but not global influence.- Russia’s GDP is on par with Italy. China’s GDP is on par with US but population is many times US so China will have to grow much more in order to really be on par with the U.S.- Great relationship between the U.S. and China via Walmart in which Walmart imports Chinese made products and sells them to poor Americans.- No worry about Russia being a threat, even to Western Europe.Oil market outlook on TDAmeritrade Networkhttps://tdameritradenetwork.com/video/rB4AoW65HjqBbsc9-rAAxQ

China and Russia Are Partners—and Now Have a $55 Billion Pipeline to Prove Ithttps://www.wsj.com/articles/china-and-russia-are-partnersand-now-have-a-55-billion-pipeline-to-prove-it-11575225030?- 1800 mile pipeline through Siberia- Does this signify a new era of Russia influence over China? Hard to imagine given Russia’s GDP is lower than each of California’s, New York’s And Texas’s. Russia’s GDP per capital is a little higher than Mississippi’s.- Does Russia’s deal with Huawei negate Russia’s potential influence over China in natural gas.- Geopolitical partnerships are not 1+1=2 anymore. Tend flatten out these issues into relationships that are much more basic than we assumeSaudis Push for Longer-Lasting OPEC Cuts as Aramco IPO Approacheshttps://www.wsj.com/articles/saudis-push-for-longer-lasting-opec-cuts-as-aramco-ipo-approaches-11575214071- potential impacts are for post-IPO trading. Will Saudi Arabia try to push oil prices up before (or after the Aramco IPO) and can they even make an impact on oil prices through OPEC?Booze May Be Hurdle to India’s Energy Independencehttps://www.bloomberg.com/news/articles/2019-12-01/booze-may-be-hurdle-to-giant-oil-buyer-s-energy-independence- Learn from the U.S. and don’t put food into your cars.- building out infrastructure for EVs would be a better use of energy investment dollars.Interview with Gene Epstein - TheSohoForum.org- Yield curve was inverted a couple months ago but not anymore at this point- Inverted yield curve is when short term interest rates (3 months) are higher than long term (10 months) interest rates. This is the opposite of what you would expect. - Signals something disturbing that investment is not good for long term. Typically get a recessions later on. This is fairly good indicator of recessions. - But now the 10 year is above the 3 year again but we should consider the possibility that there could be a recession in the next 12 months.- Will have political impacts if it happens.- Currently in the longest slow but steady expansion period. Better to grow for 10.5 years at slow pace than to grow quickly for 6 years.- Prediction: pace of growth will continue into 2021- Tariff/trade war influence - manufacturing in US has definitely felt this- China/Russia relationship. One pipeline is not going to create an uber-polity that will take over the world.- Russia is a non-entity in the world. Threat to their own backyard but not global influence.- Russia’s GDP is on par with Italy. China’s GDP is on par with US but population is many times US so China will have to grow much more in order to really be on par with the U.S.- Great relationship between the U.S. and China via Walmart in which Walmart imports Chinese made products and sells them to poor Americans.- No worry about Russia being a threat, even to Western Europe.Oil market outlook on TDAmeritrade Networkhttps://tdameritradenetwork.com/video/rB4AoW65HjqBbsc9-rAAxQ

Much discussed, the flotation of a portion of the world's most profitable company is soon to happen. In this podcast our Editor-in-Chief, Oliver Cornock and Regional Editor, Billy Fitzherbert talk about the timing, valuation and challenges preparing for this landmark IPO.

Aramco IPO update - its an all Saudi show now.China update - IMO 2020? No one was interested in discussing it. Iranian oil sanctions? consider the US only sanctions illegitimate. “Democracy does not equal efficiency.”Brookline bans natural gas, heating oil pipes for new buildings: ‘Gas is the past’https://www.bostonherald.com/2019/11/21/brookline-bans-natural-gas-heating-oil-pipes-for-new-buildings-gas-is-the-past/- after all the trouble the northeast had getting enough natural gas to to heat homes in the winter, now Brookline (as suburb of Boston) won’t allow new natural gas lines to new apartment buildings. This means all heating will have to be electric, which is less efficient.Growth in global oil demand more than doubled in the third quarter, IEA revealshttps://www.cnbc.com/2019/11/15/iea-growth-in-global-oil-demand-more-than-doubled-in-the-third-quarter.html- China largest contributor with demand increasing 640,000 bpd year on year- OPEC crude production down. Probably due to Iran- Chinese claim their middle class is 400 million people (larger than population of U.S.) 900 in poverty class. Tesla reveals Cybertruck, but breaks its 'unbreakable' windows during unveilinghttps://www.cnn.com/2019/11/22/cars/tesla-cybertruck-electric-pickup-truck/index.html- Will any pickup driver actually buy this? Looks like a delorean?- 500 miles is NOT nearly enough for pickup truck drivers- cultural aspect as well - does Tesla understand the culture of truck drivers?Lord Barker of Battle - former UK Climate Change Minister- David Cameron created him a “life peer” not inherited. Just for life. Sits in upper house of British Parliament. Not a full time occupation. Much less partisan. - Battle is an ancient town in the UK named after Battle of Hastings (from 1066).- UK under both Labour and Conservative party has been at the forefront of fighting man made climate change. Climate Change Act committed UK to reducing carbon emissions by 80% from 1990s levels.- Created Green Investment Bank. Massive strides in UK in deploying renewables. World’s largest offshore wind resource. Large onshore wind resource. A million people with solar panels on roofs. Wave and tidal energy. Phased out coal almost entirely now. - As a result have dramatically reduced UK carbon emissions. Carbon emissions down 45%. Mostly due to phasing out coal and increasing use of natural gas as baseboard replacement for coal.- He considers bans on fossil fuel cars as an important component of the switch. - Partner of electric vehicle charging station company- Heating is a big issue in England. Easier to insulate properties efficiently in cities but difficulties with rural areas. - Prince Charles real visionary in climate change activism and also in advocating for innovations. - North Sea - will continue to me an energy supplier to UK economy. Historically has meant oil and gas and there is still a significant amount of oil and gas there that they government is intent on extracting despite wanting to decarbonize by 2050. If don’t take it from North Sea it will come from Saudi Arabia or elsewhere. Better to take it from close to home. As extraction rate begins to decline, powering up offshore wind.- Supports Chelsea. Find him on twitter @GregBarkerUK

Aramco IPO update - its an all Saudi show now.China update - IMO 2020? No one was interested in discussing it. Iranian oil sanctions? consider the US only sanctions illegitimate. “Democracy does not equal efficiency.”Brookline bans natural gas, heating oil pipes for new buildings: ‘Gas is the past’https://www.bostonherald.com/2019/11/21/brookline-bans-natural-gas-heating-oil-pipes-for-new-buildings-gas-is-the-past/- after all the trouble the northeast had getting enough natural gas to to heat homes in the winter, now Brookline (as suburb of Boston) won’t allow new natural gas lines to new apartment buildings. This means all heating will have to be electric, which is less efficient.Growth in global oil demand more than doubled in the third quarter, IEA revealshttps://www.cnbc.com/2019/11/15/iea-growth-in-global-oil-demand-more-than-doubled-in-the-third-quarter.html- China largest contributor with demand increasing 640,000 bpd year on year- OPEC crude production down. Probably due to Iran- Chinese claim their middle class is 400 million people (larger than population of U.S.) 900 in poverty class. Tesla reveals Cybertruck, but breaks its 'unbreakable' windows during unveilinghttps://www.cnn.com/2019/11/22/cars/tesla-cybertruck-electric-pickup-truck/index.html- Will any pickup driver actually buy this? Looks like a delorean?- 500 miles is NOT nearly enough for pickup truck drivers- cultural aspect as well - does Tesla understand the culture of truck drivers?Lord Barker of Battle - former UK Climate Change Minister- David Cameron created him a “life peer” not inherited. Just for life. Sits in upper house of British Parliament. Not a full time occupation. Much less partisan. - Battle is an ancient town in the UK named after Battle of Hastings (from 1066).- UK under both Labour and Conservative party has been at the forefront of fighting man made climate change. Climate Change Act committed UK to reducing carbon emissions by 80% from 1990s levels.- Created Green Investment Bank. Massive strides in UK in deploying renewables. World’s largest offshore wind resource. Large onshore wind resource. A million people with solar panels on roofs. Wave and tidal energy. Phased out coal almost entirely now. - As a result have dramatically reduced UK carbon emissions. Carbon emissions down 45%. Mostly due to phasing out coal and increasing use of natural gas as baseboard replacement for coal.- He considers bans on fossil fuel cars as an important component of the switch. - Partner of electric vehicle charging station company- Heating is a big issue in England. Easier to insulate properties efficiently in cities but difficulties with rural areas. - Prince Charles real visionary in climate change activism and also in advocating for innovations. - North Sea - will continue to me an energy supplier to UK economy. Historically has meant oil and gas and there is still a significant amount of oil and gas there that they government is intent on extracting despite wanting to decarbonize by 2050. If don’t take it from North Sea it will come from Saudi Arabia or elsewhere. Better to take it from close to home. As extraction rate begins to decline, powering up offshore wind.- Supports Chelsea. Find him on twitter @GregBarkerUK

A mai epizód a fekete arany köré koncentrálódik. Első témánk a világ legnagyobb cégének titulált Saudi Aramco olajvállalat tervezett nyilvános részvénykibocsátása, valamint ennek kapcsán Szaud-Arábia nyitása a külföldi tőkebefektetők felé. A cég már évek óta készül az IPO-ra, de valami mindig közbejött. A szeptemberi infrastruktúra ellenni merényletek alaposan megrázták a céget, és ezzel együtt az olaj világpiaci árát is. Beszélgetünk még a norvég állami olajalap pénzeiről, hogy a kitermelt vagyon kezelői mennyi különböző helyre, milyen kis részletekben képesek azt kihelyezni. Ha már Északi-tenger, szóba kerülnek még a sarkvidék eddig kiaknázatlan lehetőségei, a jégtörők fontossága, valamint, hogy az oroszok már itt is a spájzban vannak. Az adás végén pedig pár érdekesség adatvezérelt világunkból: Tudtátok, hogy van egy cég, ami azzal foglalkozik, hogy műholdképek elemzésével próbálja megbecsülni a világ olajtartalékainak alakulását, majd az így kapott adatokat eladja befektetőknek? Az adat az új olaj ugyebár. Több olyan vállalkozás is létezik már, ami a világon folyamatosan keletkező elképesztő mennyiségű adat minnél gyorsabb és pontosabb feldolgozásával foglalkozik. Ha rengeteg értékes adaton ülsz, vagy adatvezérelt hedge fund létrehozásán gondolkozol, és még nem hallottál a Nasdaq Quandlről, mindenképp hallgasd meg az adást!

In today’s edition of Daily Compliance News: Maybe Hoskins should have used this defense “Bribing is just tipping”. (Law360) Work for WeWork, T---S---, unless of course you are Adam Neumann. (NYT) Mother was right, “Don’t Lie”. Former Och-Ziff exec sentenced to prison for lying to FBI. (WSJ) Banks snubbed on Aramco IPO. (FT) Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of the FourStar Wealth Advisors podcast we talk about the current state of the US financial markets, as well as, the recent Aramco IPO and New healthcare legislation.

Join the team and they discuss changing minds on Tabcorp, the Aramco IPO and the Woolworths demerger. 01:01 - Tab (TAH)  15:53 – Saudi Aramco 27:12 – Woolworths (WOW) See omnystudio.com/listener for privacy information.

NYU Stern professor Aswath Damodaran, known as the “Dean of Valuation” for his company analyses, says that Aramco more or less valued their IPO correctly, but that he still wouldn’t invest because of the inherently limited upside as well as the political risk that surrounds the world’s largest oil company. Valuing the company from three different perspectives — dividends, potential dividends, and free cash flow to the firm — Damodaran came up with valuations of $1.629 trillion, $1.648 trillion and $1.672 trillion, all of which are within “shouting distance” of Aramco’s own valuation. On Sunday the state-owned oil company announced an IPO price range of 30-32 riyals, which would value the company at up to $1.7 trillion. This is less than the $2.3 trillion valuations, at the high end, that the company previously fetched. The world’s largest oil company said that it plans to sell a 1.5% stake in the company or about 3 billion shares and that it will begin trading in December on the Saudi stock exchange. --- Support this podcast: https://anchor.fm/newscast-africa/support Learn more about your ad choices. Visit megaphone.fm/adchoices

Hosts Jonathan Ferro and Guy Johnson spoke with Marcus Ashworth, Bloomberg Opinion Columnist, and Vincent Cignarella, Macro Strategist for Bloomberg. They discussed Prime Minister Boris Johnson canceling a tax cut scheduled for businesses, the Aramco IPO, the Federal Reserve, and the U.S.-China trade deal.

I have no problem with Fedex paying zero in taxes. Salary and the free market...Gas station workers vs.school teachers in Florida. Iran's a mess, either stay away or find a way to make nice. Aramco IPO. Cost of the war on terror. Social Security and the conspiracy to keep people poor and stupid. Obama warns against the communists running for President. Elise Jordan is a hypocrite.

I have no problem with Fedex paying zero in taxes. Salary and the free market...Gas station workers vs.school teachers in Florida. Iran's a mess, either stay away or find a way to make nice. Aramco IPO. Cost of the war on terror. Social Security and the conspiracy to keep people poor and stupid. Obama warns against the communists running for President. Elise Jordan is a hypocrite.

Iran discovers new oil field with over 50 billion barrelshttps://apnews.com/a6adb7b30adb4449985a41b1b5aca4332- lack of new discoveries recently, but can this 53 billion barrel discovery be verified?- How much of this is actually recoverable?- Interesting timingAramco IPOThe World’s Most Profitable Company Pays Surprisingly Littlehttps://www.bloomberg.com/news/articles/2019-11-01/the-world-s-most-profitable-company-pays-surprisingly-littleWhat to Know Before Buying Shares in Saudi Arabia’s Oil Companyhttps://www.nytimes.com/2019/11/06/opinion/saudi-aramco-public-offering-.htmlAramco IPO Local Push May Test Saudi ‘Vision’https://www.bloomberg.com/opinion/articles/2019-10-29/aramco-ipo-s-local-sales-push-may-dim-saudi-vision- Wild West in terms of financial regulations in Saudi ARabia- Concern over limitations for outside investment - impact on distribution of income in Saudi Arabia. Outside money isn’t necessarily going to be invested.Frackers Prepare to Pull Back, Exacerbating a Slowdown in U.S. Oil Growthhttps://www.wsj.com/articles/frackers-prepare-to-pull-back-exacerbating-a-slowdown-in-u-s-oil-growth-11573478550- With U.S. production at 12.6 million bpd, how far is fracking really going to fall off?- DUCs are coming online and will be used up, rig count declining so unless there’s an economic collapse, won’t oil prices rise?- Is someone going to scoop up the assets? ExxonMobil?- What’s going to happen? There are too many variables to know.- Break down Chesapeake assets. Where are they? (Below a dollar on Monday) could be delisted in 26 days. How much has Chesapeake drilled? Who might be interested in buying Chesapeake’s assets?API Monthly Statistical Report- New crude oil production record for the United States — 12.6 million bpd of production!- This was a surprising, not just the number but also the jump - twice as much as previous increases.- Pipelines are increasing Permian deliverability.- Too much pipelines? Or will these pipelines get filled up sooner than we thought? The $4-$5 per barrel differential between WTI and Brent is still significant. If the clouds on trade could be cleared, the differential between WTI and Brent could decrease.- More pipeline startups this Q will bring more barrels of pipeline capacity. Improved pipeline capacity coming out of the Permian should make it so crude coming out of places like Midland will be able to go directly to refiners and the coast will improve transportation costs.- Why are Brent crude oil prices what they are? Brent benchmark is a blend of different Crudes. 40s component of this benchmark is setting the price. China is bidding up the light crude that its having trouble getting from Saudi Arabia.- IMO 2020 - is there a stockpile of residual fuel oil that can’t find a home? So far, not yet. Need for heavier oil from Canada, Gulf of Mexico, Venezuela is still desirable.- Fears of global recession not necessarily as bad as feared? Where is API’s economic indicator? Federal reserve rate cut is trying to stave this off. Some economies are technically in recession in right now. Flatlining.- Import/Exports vs. inventory: what conclusions should we draw from this:petroleum exports are above 8.1 million bpd (products+crude).- Maya oil vs. Canadian heavy oil vs. Venezuelan heavy oil - starting to see some of the differences in value go towards their tail. Potential structural changes in the market. Also where refiners are drawing from.- Refinery utilization - 85.5% This is a short-term exception. In Sept utilization rates were at the highest levels at 2019. Oct range is abysmally low for the 5 year range. Pipeline outages. Should come back online quickly.- Oct jet fuel demand was up! Ellen and Ryan did their part to support the energy complex.- Highest ever petroleum demand for the month of October! But we’re worried about recession? Naphtha, gas oil quietly continued to grow this year. From the US perspective shows underlying strength.- We should remember that exporting US oil doesn’t make oil prices rise. We are exporting more than ever and oil prices are still low.Statistical report here: https://www.api.org/products-and-services/statistics/api-monthly-statistical-reportLibertarian Purity Testhttp://www.bcaplan.com/cgi-bin/purity.cgihttps://www.npr.org/2019/10/29/774507027/saudi-arabia-moving-forward-with-plans-to-sell-shares-of-aramcohttps://www.npr.org/2019/11/03/775878235/saudi-aramco-worlds-most-profitable-company-will-make-first-public-offeringVox Podcasthttps://art19.com/shows/today-explained/episodes/9ef9d5c4-b83e-41f7-ab2a-c28c126efc3f86 Questions about the Aramco IPO that Investors need to know: http://www.transversalconsulting.com/document-request/(Refresh your browser if document doesn’t immediately appear)

The world’s biggest crude oil producer, Saudi Aramco launches the subscription period for its much-anticipated IPO as it rolls on with its ambitions to become the globe’s pre-eminent integrated energy and chemicals company. This week host Mustafa Alrawi, assistant editor in chief and Kelsey Warner, The National's future editor talk with Dr. Nasser Saidi, regular contributor to The National and president of the economic advisory and business consultancy Nasser Saidi & Associates about the Aramco IPO. In this episode:  Kelsey and Mustafa on Adipec (0m 32s) Dr. Saidi on Aramco's IPO (8m 21s) Headlines (27m 14s) Read more on our website: • Aramco to offer up to 0.5% of shares to individual investors as IPO starts November 17 (https://www.thenational.ae/business/energy/aramco-to-offer-up-to-0-5-of-shares-to-individual-investors-as-ipo-starts-november-17-1.935457) • 9 things you need to know about the Saudi Aramco IPO (https://www.thenational.ae/business/energy/9-things-you-need-to-know-about-the-saudi-aramco-ipo-1.932603) • Emaar Q3 profit up 20% as company looks to Dh25bn project (https://www.thenational.ae/business/property/emaar-q3-profit-up-20-as-company-looks-to-dh25bn-project-1.935704) • (https://www.thenational.ae/business/energy/adnoc-s-murban-crude-to-be-listed-on-futures-exchange-in-historic-step-change-for-abu-dhabi-s-oil-pricing-1.933015) Steve Madden says shoe empire has only ‘halfway’ penetrated the Middle East (https://www.thenational.ae/business/economy/steve-madden-says-shoe-empire-has-only-halfway-penetrated-the-middle-east-1.936205) • UAE's cumulative FDI grew 8 per cent to $140bn in 2018 (https://www.thenational.ae/business/economy/uae-s-cumulative-fdi-grew-8-per-cent-to-140bn-in-2018-1.936234) •Oil majors and Asian energy companies partner with Adnoc on international crude futures exchange (https://www.thenational.ae/business/energy/oil-majors-and-asian-energy-companies-partner-with-adnoc-on-international-crude-futures-exchange-1.935952)

Iran discovers new oil field with over 50 billion barrelshttps://apnews.com/a6adb7b30adb4449985a41b1b5aca4332- lack of new discoveries recently, but can this 53 billion barrel discovery be verified?- How much of this is actually recoverable?- Interesting timingAramco IPOThe World’s Most Profitable Company Pays Surprisingly Littlehttps://www.bloomberg.com/news/articles/2019-11-01/the-world-s-most-profitable-company-pays-surprisingly-littleWhat to Know Before Buying Shares in Saudi Arabia’s Oil Companyhttps://www.nytimes.com/2019/11/06/opinion/saudi-aramco-public-offering-.htmlAramco IPO Local Push May Test Saudi ‘Vision’https://www.bloomberg.com/opinion/articles/2019-10-29/aramco-ipo-s-local-sales-push-may-dim-saudi-vision- Wild West in terms of financial regulations in Saudi ARabia- Concern over limitations for outside investment - impact on distribution of income in Saudi Arabia. Outside money isn’t necessarily going to be invested.Frackers Prepare to Pull Back, Exacerbating a Slowdown in U.S. Oil Growthhttps://www.wsj.com/articles/frackers-prepare-to-pull-back-exacerbating-a-slowdown-in-u-s-oil-growth-11573478550- With U.S. production at 12.6 million bpd, how far is fracking really going to fall off?- DUCs are coming online and will be used up, rig count declining so unless there’s an economic collapse, won’t oil prices rise?- Is someone going to scoop up the assets? ExxonMobil?- What’s going to happen? There are too many variables to know.- Break down Chesapeake assets. Where are they? (Below a dollar on Monday) could be delisted in 26 days. How much has Chesapeake drilled? Who might be interested in buying Chesapeake’s assets?API Monthly Statistical Report- New crude oil production record for the United States — 12.6 million bpd of production!- This was a surprising, not just the number but also the jump - twice as much as previous increases.- Pipelines are increasing Permian deliverability.- Too much pipelines? Or will these pipelines get filled up sooner than we thought? The $4-$5 per barrel differential between WTI and Brent is still significant. If the clouds on trade could be cleared, the differential between WTI and Brent could decrease.- More pipeline startups this Q will bring more barrels of pipeline capacity. Improved pipeline capacity coming out of the Permian should make it so crude coming out of places like Midland will be able to go directly to refiners and the coast will improve transportation costs.- Why are Brent crude oil prices what they are? Brent benchmark is a blend of different Crudes. 40s component of this benchmark is setting the price. China is bidding up the light crude that its having trouble getting from Saudi Arabia.- IMO 2020 - is there a stockpile of residual fuel oil that can’t find a home? So far, not yet. Need for heavier oil from Canada, Gulf of Mexico, Venezuela is still desirable.- Fears of global recession not necessarily as bad as feared? Where is API’s economic indicator? Federal reserve rate cut is trying to stave this off. Some economies are technically in recession in right now. Flatlining.- Import/Exports vs. inventory: what conclusions should we draw from this:petroleum exports are above 8.1 million bpd (products+crude).- Maya oil vs. Canadian heavy oil vs. Venezuelan heavy oil - starting to see some of the differences in value go towards their tail. Potential structural changes in the market. Also where refiners are drawing from.- Refinery utilization - 85.5% This is a short-term exception. In Sept utilization rates were at the highest levels at 2019. Oct range is abysmally low for the 5 year range. Pipeline outages. Should come back online quickly.- Oct jet fuel demand was up! Ellen and Ryan did their part to support the energy complex.- Highest ever petroleum demand for the month of October! But we’re worried about recession? Naphtha, gas oil quietly continued to grow this year. From the US perspective shows underlying strength.- We should remember that exporting US oil doesn’t make oil prices rise. We are exporting more than ever and oil prices are still low.Statistical report here: https://www.api.org/products-and-services/statistics/api-monthly-statistical-reportLibertarian Purity Testhttp://www.bcaplan.com/cgi-bin/purity.cgihttps://www.npr.org/2019/10/29/774507027/saudi-arabia-moving-forward-with-plans-to-sell-shares-of-aramcohttps://www.npr.org/2019/11/03/775878235/saudi-aramco-worlds-most-profitable-company-will-make-first-public-offeringVox Podcasthttps://art19.com/shows/today-explained/episodes/9ef9d5c4-b83e-41f7-ab2a-c28c126efc3f86 Questions about the Aramco IPO that Investors need to know: http://www.transversalconsulting.com/document-request/(Refresh your browser if document doesn’t immediately appear)

Aramco IPO. PG&E losses. Pinterest tanks. Unbelievable jobs numbers. Warren and helicopter money. Miracle medicines. Immigration and health care requirements. Portfolio management our way.

Aramco IPO. PG&E losses. Pinterest tanks. Unbelievable jobs numbers. Warren and helicopter money. Miracle medicines. Immigration and health care requirements. Portfolio management our way.

Oil Prices Set to Climb? Investors Aren’t Betting On Ithttps://www.wsj.com/articles/oil-prices-set-to-climb-investors-arent-betting-on-it-11571569200Armageddon coming to oil and gas industry? There are other ways for producers to make money (spare capacity in pipelines, etc.) that perhaps the high up investors in banks aren’t looking at.Wall Street incentivized producers to prioritize drilling expansion over profits. Now the incentives are flipped and producers are trying to comply.Is there any forethought from investors on future price of oil? Does Wall Street think prices will soft at $55 for awhile and thats why they are presuming companies to make money? Or is it just a right now kind of strategy?Tesla speeds toward unpleasant earnings turn, Boeing faces tough questionshttps://www.marketwatch.com/story/tesla-speeds-toward-unpleasant-earnings-turn-boeing-faces-tough-questions-2019-10-20Investors don’t seem to have very high hopes for Tesla’s reported earnings.Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich localshttps://www.reuters.com/article/us-saudi-aramco-ipo/saudi-arabia-plans-bumper-aramco-ipo-relying-on-easy-loans-and-rich-locals-idUSKBN1WW1JBIPO delay - shows that Saudi Arabia has confidence to get a higher valuationAramco IPO Delay Shows Saudi Confidencehttps://www.forbes.com/sites/ellenrwald/2019/10/18/aramco-ipo-delay-shows-saudi-confidence/#184dfe294002Russia says it missed oil-deal target due to rise in gas condensate outputhttps://www.reuters.com/article/us-oil-russia-output/russia-says-it-missed-oil-deal-target-due-to-rise-in-gas-condensate-output-idUSKBN1WZ07Ahttps://www.cnbc.com/video/2019/10/19/russia-can-withstand-a-sharp-drop-in-oil-prices-finance-minister-says.html?Dr. Dean Foreman and the API Monthly Statistical Report- total inventories increased year on year for the 11th consecutive month - not good for oil prices?- record high in terms of demand, record exports yet inventories still built up so production still really strong- rig counts down - DUCs are leaving the pond and flying south? Or are they? As rigs come off the market, what’s the production lag? When will production turn over? Timeline has changed and shorter deliverability has gotten shorter. Days to weeks not months.- Excess pipeline capacity now - will that impact production as producers get more on the margin with transportation?- Keep crude price differentials in mind. Brent to LA light crude differential is only about $2/barrel compared to Brent-WTI differential which is still $5-$6/barrel.- As pipelines continue to come online (and there are still more to come!) the price differential between Brent and WTI will continue to decline.- Jet fuel demand downturn - some pullback usually in September as summer travel season ends. This drop is exceptional. Largest drop since September 2001. Could be indicative of broader economic change.- Perhaps high demand this summer was a result of airlines overbuying jet fuel because crude prices were lower and they thought they might go higher and were buying to store?- Distillate Economic Indicator - what we saw in 2008 was seriously indicative of a recession. Not seeing that low a plunge here. Right now its anemic but moved sideways. The sky isn’t falling yet.- Petroleum exports and imports: export record in crude+product exports. Indicates that global demand for crude oil isn’t tanking. US is supplying all of the growth in global demand.- What really changed month/month is on import side. Drop of 1 million bpd in crude oil imports. Lowest crude oil imports in a long time. US is net exporter of total energy for first time in 60 years!Our earlier episode on the Aramco IPO - https://www.spreaker.com/user/9550540/energy-week-77API Monthly Statistical Report - https://www.api.org/products-and-services/statistics/api-monthly-statistical-report

Oil Prices Set to Climb? Investors Aren’t Betting On Ithttps://www.wsj.com/articles/oil-prices-set-to-climb-investors-arent-betting-on-it-11571569200Armageddon coming to oil and gas industry? There are other ways for producers to make money (spare capacity in pipelines, etc.) that perhaps the high up investors in banks aren’t looking at.Wall Street incentivized producers to prioritize drilling expansion over profits. Now the incentives are flipped and producers are trying to comply.Is there any forethought from investors on future price of oil? Does Wall Street think prices will soft at $55 for awhile and thats why they are presuming companies to make money? Or is it just a right now kind of strategy?Tesla speeds toward unpleasant earnings turn, Boeing faces tough questionshttps://www.marketwatch.com/story/tesla-speeds-toward-unpleasant-earnings-turn-boeing-faces-tough-questions-2019-10-20Investors don’t seem to have very high hopes for Tesla’s reported earnings.Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich localshttps://www.reuters.com/article/us-saudi-aramco-ipo/saudi-arabia-plans-bumper-aramco-ipo-relying-on-easy-loans-and-rich-locals-idUSKBN1WW1JBIPO delay - shows that Saudi Arabia has confidence to get a higher valuationAramco IPO Delay Shows Saudi Confidencehttps://www.forbes.com/sites/ellenrwald/2019/10/18/aramco-ipo-delay-shows-saudi-confidence/#184dfe294002Russia says it missed oil-deal target due to rise in gas condensate outputhttps://www.reuters.com/article/us-oil-russia-output/russia-says-it-missed-oil-deal-target-due-to-rise-in-gas-condensate-output-idUSKBN1WZ07Ahttps://www.cnbc.com/video/2019/10/19/russia-can-withstand-a-sharp-drop-in-oil-prices-finance-minister-says.html?Dr. Dean Foreman and the API Monthly Statistical Report- total inventories increased year on year for the 11th consecutive month - not good for oil prices?- record high in terms of demand, record exports yet inventories still built up so production still really strong- rig counts down - DUCs are leaving the pond and flying south? Or are they? As rigs come off the market, what’s the production lag? When will production turn over? Timeline has changed and shorter deliverability has gotten shorter. Days to weeks not months.- Excess pipeline capacity now - will that impact production as producers get more on the margin with transportation?- Keep crude price differentials in mind. Brent to LA light crude differential is only about $2/barrel compared to Brent-WTI differential which is still $5-$6/barrel.- As pipelines continue to come online (and there are still more to come!) the price differential between Brent and WTI will continue to decline.- Jet fuel demand downturn - some pullback usually in September as summer travel season ends. This drop is exceptional. Largest drop since September 2001. Could be indicative of broader economic change.- Perhaps high demand this summer was a result of airlines overbuying jet fuel because crude prices were lower and they thought they might go higher and were buying to store?- Distillate Economic Indicator - what we saw in 2008 was seriously indicative of a recession. Not seeing that low a plunge here. Right now its anemic but moved sideways. The sky isn’t falling yet.- Petroleum exports and imports: export record in crude+product exports. Indicates that global demand for crude oil isn’t tanking. US is supplying all of the growth in global demand.- What really changed month/month is on import side. Drop of 1 million bpd in crude oil imports. Lowest crude oil imports in a long time. US is net exporter of total energy for first time in 60 years!Our earlier episode on the Aramco IPO - https://www.spreaker.com/user/9550540/energy-week-77API Monthly Statistical Report - https://www.api.org/products-and-services/statistics/api-monthly-statistical-report

Julia Chatterley is live from London. Here are the top business news stories today! Boris' burden! The U.K. Prime Minister hunting for support ahead of Saturday's crucial vote. On, off, or on hold? Saudi Arabia's mega Aramco IPO delayed once more. And, Mick Mulvaney's believe it or not! The White House aide admitting a Ukrainian quid-pro-quo - then clarifies later. It's finally Friday....let's make a move.

Iran decries 'cowardly attack' on oil tankerhttps://www.reuters.com/article/us-mideast-iran-tanker/iran-decries-cowardly-attack-on-oil-tanker-idUSKBN1WR05DIran State Media Say Oil Tanker Is Hit but Offer Conflicting Accounts on Causehttps://www.nytimes.com/2019/10/11/world/middleeast/iran-tanker-explosion.html- Oil jumped slightly after Iran announced that Saudi terrorists attacked an Iranian tanker in the Red Sea but then came back down immediately.- No explosion noticed- Despite seeing all of these incidents, thats really all there’s been given all of the “tension” in the Gulf- Are we back to the pre-Saudi attack scenario where we need more than a one off attack on a tanker to push prices up.Trump's 15-billion-gallon plan for ethanol is a mistakehttps://thehill.com/opinion/energy-environment/465376-trumps-15-billion-gallon-plan-for-ethanol-is-a-mistake- vague policy designed to satisfy farmers but its not even doing that- government makes policy designed for present situation and assumes that present situation will continue for future and when it doesn’t, we end up with the current ethanol policy that isn’t good for the environment, isn’t good for consumers and isn’t good for oil. It’s just good for farmers and ethanol industry.Tesla Needs Its Battery Maker. A Culture Clash Threatens Their Relationship.https://www.wsj.com/articles/tesla-needs-its-battery-maker-a-culture-clash-threatens-their-relationship-11570550526- Panasonic vs. Elon Musk. Japanese battery maker isn’t happy with Tesla, which it manufactures batteries for.Do California’s Blackouts Signal What’s In Store For All Americans?https://www.forbes.com/sites/ellenrwald/2019/10/10/do-californias-blackouts-signal-whats-in-store-for-all-americans/#d9f2f85162b0- California utility cuts power to hundreds of thousands of people to try to prevent wild fires- Could this become a new normal for Americans if we end all fossil fuel use? - What about rooftop solar + battery storage? Possible but can only power some appliances- What about micro-grids? - Energy policy might be better developed locally instead of monolithically. Might be better to have micro-grids in certain areas instead of giant gridsSaudi Arabia puts domestic stock exchange at center of Aramco IPOhttps://www.spglobal.com/platts/en/market-insights/latest-news/oil/101419-saudi-arabia-puts-domestic-stock-exchange-at-center-of-aramco-ipoUPDATE 1-Saudi oil output seen at 9.86 mln bpd in Oct, Nov -energy ministerhttps://af.reuters.com/article/energyOilNews/idAFL5N26Z2SL86 Questions about the Aramco IPO that Investors need to know: http://www.transversalconsulting.com/document-request/(Refresh your browser if document doesn’t immediately appear)

Iran decries 'cowardly attack' on oil tankerhttps://www.reuters.com/article/us-mideast-iran-tanker/iran-decries-cowardly-attack-on-oil-tanker-idUSKBN1WR05DIran State Media Say Oil Tanker Is Hit but Offer Conflicting Accounts on Causehttps://www.nytimes.com/2019/10/11/world/middleeast/iran-tanker-explosion.html- Oil jumped slightly after Iran announced that Saudi terrorists attacked an Iranian tanker in the Red Sea but then came back down immediately.- No explosion noticed- Despite seeing all of these incidents, thats really all there’s been given all of the “tension” in the Gulf- Are we back to the pre-Saudi attack scenario where we need more than a one off attack on a tanker to push prices up.Trump's 15-billion-gallon plan for ethanol is a mistakehttps://thehill.com/opinion/energy-environment/465376-trumps-15-billion-gallon-plan-for-ethanol-is-a-mistake- vague policy designed to satisfy farmers but its not even doing that- government makes policy designed for present situation and assumes that present situation will continue for future and when it doesn’t, we end up with the current ethanol policy that isn’t good for the environment, isn’t good for consumers and isn’t good for oil. It’s just good for farmers and ethanol industry.Tesla Needs Its Battery Maker. A Culture Clash Threatens Their Relationship.https://www.wsj.com/articles/tesla-needs-its-battery-maker-a-culture-clash-threatens-their-relationship-11570550526- Panasonic vs. Elon Musk. Japanese battery maker isn’t happy with Tesla, which it manufactures batteries for.Do California’s Blackouts Signal What’s In Store For All Americans?https://www.forbes.com/sites/ellenrwald/2019/10/10/do-californias-blackouts-signal-whats-in-store-for-all-americans/#d9f2f85162b0- California utility cuts power to hundreds of thousands of people to try to prevent wild fires- Could this become a new normal for Americans if we end all fossil fuel use? - What about rooftop solar + battery storage? Possible but can only power some appliances- What about micro-grids? - Energy policy might be better developed locally instead of monolithically. Might be better to have micro-grids in certain areas instead of giant gridsSaudi Arabia puts domestic stock exchange at center of Aramco IPOhttps://www.spglobal.com/platts/en/market-insights/latest-news/oil/101419-saudi-arabia-puts-domestic-stock-exchange-at-center-of-aramco-ipoUPDATE 1-Saudi oil output seen at 9.86 mln bpd in Oct, Nov -energy ministerhttps://af.reuters.com/article/energyOilNews/idAFL5N26Z2SL86 Questions about the Aramco IPO that Investors need to know: http://www.transversalconsulting.com/document-request/(Refresh your browser if document doesn’t immediately appear)

Rod Reuven Dovid Bryant and Jerry Gordon bring back veteran Iran-watcher, best-selling investigative journalist Ken Timmerman to address the question of has the US lost the Middle East. Background are troubling developments with Iran, Saudi Arabia, Iraq, Yemen, Syria, and Turkey. The bottom line: Iran intends to achieve its goal of controlling the area between the Persian Gulf, Red Sea and the Mediterranean with more than 25% plus of the world’s oil supply while perfecting its Shi’ite objective of surrounding and destroying Israel. As Stephen Bryen has noted in a recent Beyond the Matrix interview the US has “no strategy, no intelligence” and thus appears unable to deal with what Timmerman considers are dire geo-political threats. Notwithstanding the unresolved recent Israeli do-over election, Timmerman noted that Netanyahu has developed an effective strategic diplomatic and national security policy. He has avoided war with Iran, while punishing it in Syria, Lebanon and Iraq through deconfliction arrangements with Putin. Timmerman hopes that Netanyahu’s legacy will survive in whatever national unity government emerges. He points to a recent interview with Iran’s nefarious Quds Force Commander General Soleimani who noted that in 2006, Iran didn’t intervene in Lebanon against Israel as the US was engaged in War in Iraq. Now Iran and proxies surround Israel on three sides and is seeking to fulfill Shi’ite bizarre doctrine of destroying Israel and bringing back the 12th Imam. On the Trump Peace Plan Timmerman cites the resignation of Special Envoy Greenblatt saying “there’s no peace partner” – meaning the Palestinians. We next turned to Saudi failures to defend their oil facilities and display war making capabilities against the Houthi Iran proxy in Yemen, the survival of reformist Crown Prince Mohmmed bin Salman. Timmerman cited the ability of Iran and Iraqi proxies to launch a swarm of drones and cruise missiles that devastated the oil facilities and fields: “ their intel enabled it to the thread the needle of gaps in radar” of billion dollar US anti-Missile defense pointed in the wrong direction”. The Houthi attack that devastated a combined Saudi and Sudan force showed this is really a war between Iran and Saudi Arabia. He expects more Houthi cross border razzias against the Saudi seeking to disable the Saudi Royal Regime. Saudi royals are divided over anti-corruption strong arm actions by Crown Prince Mohammed bin Salam (MBS) and taking responsibility for the murder of Jamal Khashoggi, despite the latter’s Muslim Brotherhood and support of Qatar. MBS is seeking reforms of conservative Wahhabism and diversifying economic reforms such as the ARAMCO IPO. Timmerman warns that Iran could play the Shi’ite card in the Saudi oil rich province through a network of Imams and Mosques. The takeaway is that the Saudis are not strong enough to take on Iran. Irony is that only the US, Israel and the UAE support MBS. Iraq, Timmerman believes that Iraq is falling apart with internal protests, Iran controlling 100,000 Shi’ite Hashd al Shaabi PMF militia fighters and Israel attacking their warehouses stocked with precision missiles. Iraq is effectively a “province of Iran ceding sovereignty to its neighbor”. The question remains will the US keep its remaining assets in Iraq at the Al-Sad airbase. Turkey’s Erdogan’s objective in his “safe zone” foray into northeastern Syria Kurdish homeland is to ‘smash Kurds in eastern Turkey, Syria, Iran and Iraq”. Erdogan, Timmerman contends, was the main patron of ISIS in Syria. Erdogan’s objective in invading northeastern Syria would be to release the 70,000 ISIS families and fighters. We end this fast-paced informative interview with a discussion of Timmerman’s views on the Whistleblower compliant over Ukraine issues and President Trump’s response. Beyond the Matrix 08OCT2019 - PODCAST

Recent headlines that move financial markets. This week it's Aramco IPO, Trump versus: California, China, Iran, and the Democratic Party. If you would like to view this W.E.S. Trumpet newsletter you can email us @ welephantsolutions@gmail.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/proc-a/message Support this podcast: https://anchor.fm/proc-a/support

Saudi Arabia’s Crown Prince Mohammed bin Salman (shown), known as MBS, just relieved his energy minister, Khalid al-Falih, of his duties concerning the Initial Public Offering (IPO) of his country’s primary asset, ARAMCO (officially, the Saudi Arabian Oil Company). Plans for that offering, first announced in 2018, were to raise $100 billion for the country’s sovereign wealth fund so it could invest the funds to diversify the economy away from its dependence upon oil revenues and bring it into the 21st century. Read the article here!

In this Episode of Oil & Gas This Week – The Millennials Making Millions in Texas Oil, Saudi Arabia reportedly calls off Aramco IPO and disbands advisers, Saudi Oil Income Could Reach $161B This Year, Gulf of Mexico oil and gas lease sale generates $178m in high bids, Mega oil and gas projects are back, […] The post The Millennials Making Millions in Texas Oil | The Biggest Threat To The Oil And Gas Industry – OGTW153 appeared first on Oil and Gas This Week Podcast.

A Saudi decision to indefinitely delay an initial public offering (IPO) of five percent of the Saudi Arabian Oil Company or Aramco, the Saudi state-owned oil company, has further dented investor confidence and fuelled debate about Crown Prince Mohammed bin Salman’s ability to push economic reform. It has even prompted speculation that his assertive policies, including the Kingdom’s ill-fated military intervention in Yemen, harsh response to Canadian human rights criticism and failed Saudi-United Arab Emirates-led diplomatic and economic boycott of Qatar, could dampen his prospects of eventually ascending the throne.

Iran Sanctionshttps://www.wsj.com/articles/irans-oil-exports-dropping-faster-than-expected-before-u-s-sanctions-1535483145?Compare this to expectations back in May - analysts expected only between 300,000 and 500,000 barrels per day to come off the market but we are already seeing a reduction of 800,000 barrels per day in exports from Iran.NAFTA and energyhttp://thehill.com/policy/energy-environment/403841-big-oil-calls-proposed-nafta-agreement-with-mexico-encouraginghttps://www.reuters.com/article/us-trade-nafta-mexico/mexicos-next-leader-says-nafta-deal-preserves-energy-sovereignty-idUSKCN1LC2BPhttps://www.upi.com/amp/US-energy-sector-eager-for-Mexican-trade-specifics/2711535447715/?__twitter_impression=trueAPI is enthusiastic about the way negotiations are going between the US and Mexico but the question remains - will Mexico walk back its privatization in the energy industry? Seems like as long as Mexico's "sovereignty" is preserved, companies working in Mexican energy will be allowed to remain.Will the negations between Mexico and the US on energy equalize the relationship?Fracking turns to Wyominghttps://www.reuters.com/article/us-usa-shale-wyoming/wyoming-oil-basin-deals-rise-as-companies-look-past-permian-idUSKCN1LD2EEWyoming Powder Basin - so much cheaper than Permian but infrastructure is seriously lacking.How lucrative is the market in Wyoming given the lack of infrastructure there?Aramco IPOhttps://www.reuters.com/article/us-saudi-aramco-ipo-king-exclusive/exclusive-saudi-king-tipped-the-scale-against-aramco-ipo-plans-idUSKCN1LC1MXhttps://www.ft.com/content/0a0ae5d6-a9d7-11e8-94bd-cba20d67390cBoth of these stories contain information that is probably false - specifically with regards to the Aramco oil concession.

Iran Sanctionshttps://www.wsj.com/articles/irans-oil-exports-dropping-faster-than-expected-before-u-s-sanctions-1535483145?Compare this to expectations back in May - analysts expected only between 300,000 and 500,000 barrels per day to come off the market but we are already seeing a reduction of 800,000 barrels per day in exports from Iran.NAFTA and energyhttp://thehill.com/policy/energy-environment/403841-big-oil-calls-proposed-nafta-agreement-with-mexico-encouraginghttps://www.reuters.com/article/us-trade-nafta-mexico/mexicos-next-leader-says-nafta-deal-preserves-energy-sovereignty-idUSKCN1LC2BPhttps://www.upi.com/amp/US-energy-sector-eager-for-Mexican-trade-specifics/2711535447715/?__twitter_impression=trueAPI is enthusiastic about the way negotiations are going between the US and Mexico but the question remains - will Mexico walk back its privatization in the energy industry? Seems like as long as Mexico's "sovereignty" is preserved, companies working in Mexican energy will be allowed to remain.Will the negations between Mexico and the US on energy equalize the relationship?Fracking turns to Wyominghttps://www.reuters.com/article/us-usa-shale-wyoming/wyoming-oil-basin-deals-rise-as-companies-look-past-permian-idUSKCN1LD2EEWyoming Powder Basin - so much cheaper than Permian but infrastructure is seriously lacking.How lucrative is the market in Wyoming given the lack of infrastructure there?Aramco IPOhttps://www.reuters.com/article/us-saudi-aramco-ipo-king-exclusive/exclusive-saudi-king-tipped-the-scale-against-aramco-ipo-plans-idUSKCN1LC1MXhttps://www.ft.com/content/0a0ae5d6-a9d7-11e8-94bd-cba20d67390cBoth of these stories contain information that is probably false - specifically with regards to the Aramco oil concession.

Looking at the week ahead, we discuss the historic decision in Saudi Arabia to allow women to drive, and the impact it might have on the economy. Bigger than the Aramco IPO, if the Saudi oil minister is to be believed. Should we even bother talking about trade tarrifs anymore? It seems like every week, as the war of words heat up between the US, the EU, and China, fresh threats are made around tarrifs. Most recently, US President Donald Trump is threatening Beijing with tariffs on $200 billion of goods imported from China. On Friday, Trump threatened to impose tariffs on European cars after Brussels introduced levies on American goods such as Levi’s jeans, bourbon whiskey and Harley-Davidson motorbikes. Oh, and we obviously talk about the World Cup. In vivid detail, Sorry hardcore-business-nerds!

Host Jonathan Ferro spoke with Marcus Ashworth, Bloomberg Gadfly Columnist, and Michael Hewson, Chief Market Analyst for CMC Markets in London, about Theresa May's cabinet reshuffle and the Eurozone economy.u0010Jonathan also spoke with Cameron Crise and Vincent Cignarella, Macro Strategists for Bloomberg, about comments from White House chief economic advisor Gary Cohn, and the Aramco IPO.

Host Jonathan Ferro spoke with Marcus Ashworth, Bloomberg Gadfly Columnist, and Cameron Crise, Macro Strategist for Bloomberg, about the pressure mounting on Theresa May and her attemps to persuade Saudi Arabia's state-owned oil company to go public in London.u0010Jonathan also spoke with Michael Regan, Senior Editor and Lead Blogger for Markets Live, about Bitcoin and the week ahead.

In this Episode of Oil & Gas This Week – Lower oil prices slash Saudi’s deficit, Saudi Crown Prince favors NYSE for Aramco IPO, Oil & Gas producers grapple over returns vs growth, Nabors acquires Tesco for $215m, Brazil plans $17B in new investments by Q4, Norway’s $65B missed opportunity. Have a question? Click here to ask. Show Notes & Links: 2017 on the road sponsors: Totaland  The World’s Most Advanced Field Land Management System The Landman’s Virtual Office https://www.totaland.com Lee Hecht Harrison As global experts in talent management, LHH is currently helping 75% of the Fortune 500 Oil & Gas companies simplify the complexity of leadership and workforce transformation.  http://www.lhh.com API-YP Events Stories:Higher Higher Oil Prices Slash Saudi Deficit Saudi Crown Prince Favors New York Over London For Aramco IPO Oil And Gas Producers Grapple Over Returns Vs. Growth Nabors acquiring Tesco for $215 million Brazil Plans for $17 Billion In New Investments By 2017 End  This $65 Billion Oil Opportunity Will Never Be Tapped  Dear Millennials, Big Oil Is Not Your Enemy  Weekly Rig Count As of 8/15/2017 – The American Rig count is 1023 active rigs. Redwing Has A Winner! Dan Beisner, Owner at Little Prarie Oil & Gas you’re this week’s winner! Congrats! CLICK HERE TO ENTER FOR YOUR CHANCE TO WIN! Get Mark’s Monthly Events Email Get Automatically Notified About Oil & Gas Events Once a Month Connect with Us OGGN LinkedIn Group OGGN Facebook Group Join API-YP Jake Corley    | Facebook | LinkedIn | Email Mark LaCour | Facebook | Twitter | LinkedIn | Email | modalpoint.com SaveSave

  In this Episode of Oil & Gas This Week – Lower oil prices slash Saudi’s deficit, Saudi Crown Prince favors NYSE for Aramco IPO, Oil & Gas producers grapple over returns vs growth, Nabors acquires Tesco for $215m, Brazil plans $17B in new investments by Q4, Norway’s $65B missed opportunity. Have a question? Click […] The post Saudi Aramco eyes NYSE | Growth vs Returns for Producers | Nabors Acquires Tesco – OGTW122 appeared first on Oil and Gas This Week Podcast.

Dr. Dougie Youngson, Research Director, Oil & Gas at FinnCap, talks to Tip TV Presenter Matt Brown about the fundamentals of Nautilus Marine Services and the oil market. Youngson says the projects that had gone on the back burner have come online, courtesy of the recovery in oil prices and that is positive for the service provider. Asked how he sees the OPEC and oil market performing the months ahead, he said, “Saudi is likely to cut output and bid up prices of its own stock - Aramco IPO.” #FinnCap, #NautilusMarineServices, #UK, #stocks, #equities, #investing, #trading