Saturday, August 16, 2025
Aramco sees nearly enough early orders to pull off IPO- oil and gas 360

Aramco sees nearly enough early orders to pull off IPO

Houston Chronicle Saudi Aramco’s bankers are seeing sufficient early demand to pull off the state oil giant’s initial public offering just three days after launching the deal, people with knowledge of the matter said. The IPO arrangers are indicating in private discussions that they already have nearly enough orders to cover the institutional portion of the deal, the people said,

U.S. crude stocks rise even as refiners boost runs: EIA- oil and gas 360

U.S. crude stocks rise even as refiners boost runs: EIA

Reuters U.S. crude stocks rose last week even as refineries hiked output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.4 million barrels in the week to Nov. 15, compared with expectations for an increase of 1.5 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub fell by