September 11, 2025

Saudi Aramco has asked its Asian customers to increase their crude oil offtake for October, following steep price reductions across its oil grades. The firm lowered the price of Arab Light crude by $1 to $2.20 a barrel above the Oman/Dubai benchmark—a steep drop from previous levels. The move comes as OPEC+ has agreed to increase output […]

Saudi oil giant Aramco successfully issued $3 billion in Islamic bonds (sukuk). The issuance split equally between a 5-year tranche at ~4.125% return and a 10-year tranche at ~4.625%. Despite regional tensions (notably an airstrike in Qatar), investor demand was strong, with order books exceeding $16.85 billion (peak demand over $20B).   Source: Reuters.com