Saturday, March 7, 2026

Saudi Aramco Working to Raise Cheap Loans Before IPO

From Reuters Saudi Aramco is working to secure billions of dollars in cheap loans from banks seeking to strengthen their ties with the oil giant before its stock listing, banking and export credit agency (ECA) sources said. Citigroup (Citi), Standard Chartered and Sumitomo Mitsui Banking Corporation were advising on the transactions, which two sources said could raise at least $5

Weekly Gas Storage: Biggest Draw Ever

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks fell by 359 Bcf last week, dropping from 3,126 Bcf to 2,767 Bcf. This is 13.0% below the 3,182 Bcf that was in storage at this point last year, and

Spartan Energy Announces $183 Million 2018 CapEx

Spartan Energy Corp. (ticker: SPE) has approved a development capital budget of $183 million for 2018. Spartan said the capital budget includes drilling approximately 140 net development oil wells. The wells should produce an annual average production of 23,400 BOEPD and a 2018 exit production of 25,000 BOEPD, an exit production growth of 11% over 2017. Assuming a WTI price