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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessAramco: We Are Confident The Worst Is Behind Us
Wires reporting comments from Saudi Aramco stating that they are 'confident that the worst is now behind us' with regards to depressed demand for oil and sustained low prices.
- The firm also states that it expects oil demand to be back to pre-COVID levels later in 2021.
- Comments come days after Saudi Crown Prince Mohammed bin Salman stated that more shares in Saudi Aramco would be issued, stating that "There are going to be more share sales by Aramco in the following years....This cash will be transferred to the Public Investment Fund and be re-injected inside and outside the kingdom of Saudi Arabia for the benefit of the fund." MBS identified a target of boosting the Saudi sovereign wealth fund to a total of USD1.1trn by 2025.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.