The Federal Ministry of Finance has rejected claims regarding the collapse of a potential $5 billion forward sale of crude oil involving the Nigerian National Petroleum Company Limited (NNPC Ltd.).
Nigeria’s negotiations with Saudi oil giant Aramco for a $5 billion oil-backed loan have slowed due to a...
Global oil prices tracked by Brent futures have fallen to $71 per barrel, remaining below the $75 threshold after Saudi Arabia's oil giant, Aramco, cut prices for its Asian customers.
Saudi Arabia’s sovereign wealth fund is poised to secure approximately $5 billion in quarterly dividend payments from its augmented stake in Aramco, following the government's allocation of additional shares in the state-controlled oil company.
Oil and gas companies around the world are set to slash spending, as oil prices continue to plunge because of the price war and the COVID-19 outbreak.
Saudi Arabia’s state-controlled oil firm, Aramco has raised $25.6 billion in the largest Initial Public Offering (IPO) ever.
