Archives for December 2019
The prince got his world-beating IPO. Now the hard work begins
Saudi Aramco’s world-beating initial public offering is a watershed moment for a business that’s bankrolled the kingdom and its rulers for decades. The world’s largest public company will now trade in Riyadh and not New...
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Saudi Aramco raises $25.6 billion in world’s biggest IPO
Saudi Aramco raised $25.6 billion from the world’s biggest initial public offering, closing a deal that became synonymous with the kingdom’s controversial crown prince and his plans to reshape the nation. Source: FuelFix
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Oil near $58 as traders await details on how OPEC+ shares cuts
Oil traded near $58 a barrel as the market awaited crucial details on how OPEC+ will distribute cuts among its members. Source: FuelFix
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Huntsman buys Houston spray foam company for $350M
The Woodlands-based Huntsman Corp. said Thursday it will pay $350 million in cash to buy the Houston spray foam business Icynene-Lapolla. Source: FuelFix
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ERCOT says Texas has enough power for next summer despite rising demand
Texas is expected to have more ample supplies of electricity next summer as new renewable and gas-fired projects come on-line, according to a new forecast issued by the state’s grid manager the Electric Reliability Council...
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