April 25, 2016

from CNBC Saudi Arabia confirmed on Monday that it planned to sell a stake of its state oil giant Saudi Aramco which was expected to be valued at more than $2 trillion. The sale would be less than 5 percent of the company and would be via an initial public offering (IPO), Deputy Crown Prince Mohammed bin Salman said in

From Forbes: Although the slowest pace since 1990, China’s economy still grew by nearly 7% last year. This economic “slowdown” and sunken energy namely for coal and oil have cut growth in China’s natural gas demand. Yet, gas use in 2015 was still up 4%, and an 18% gain in January YOY should mean better prospects this year. In 2015, China still consumed 35% more gas than

From Reuters: Canadian Prime Minister Justin Trudeau and his cabinet are broadly “aligned” with Alberta and the need to develop pipelines to get the region’s oil to market, the leader of the province said on Sunday. Alberta Premier Rachel Notley said she had emerged from a meeting with Trudeau and his cabinet with the feeling they were on the same

From TASS: Potential buyers of Rosneft and Bashneft shares are already in talks with the Russian government, First Deputy Prime Minister Igor Shuvalov said Monday. “There are two deals we’re first of all concerned about – Rosneft and Bashneft. As you know the Rosneft deal is very advantageous to us if it happens as it means funds will be raised