| Submit your comments on this article |
| Arabia |
| Saudis to Sell Bonds |
| 2015-08-06 |
| Saudi Arabia is returning to the bond market with a plan to raise $27bn by the end of the year, in the starkest sign yet of the strain lower oil prices are putting on the finances of the world's largest oil exporter.... Saudi Arabia's resort to further domestic borrowing highlights the challenges facing the region's largest economy amid one of the steepest falls in the oil price in recent decades. Brent, the international benchmark, has dropped from $115 a barrel in June last year to about $50 this week. |
| Posted by:lord garth |
| #4 KSA backed Bonds. Named? Bonds, Djinn Bonds. |
| Posted by: Shipman 2015-08-06 19:25 |
| #3 good point TW although the amount that iran can pump is not known very well -- estimates are that in 12 months after the end of sanctions they could increase production by 300,000 (low estimate) to 1,200,000 (high estimate). If it were close to the high estimate it would definitely put pressure on the world oil price. |
| Posted by: lord garth 2015-08-06 09:40 |
| #2 @#1: They'll make it up in volume. |
| Posted by: Hupineger Glomomp52169 2015-08-06 09:37 |
| #1 Greater strain ahead for Saudi Arabia and other oil producers if Congress does not, with a veto-proof majority, reject President Obama's Iran arrangement. Iran is ready to flood the market with previously-embargoed oil, which will depress prices still further. Still, it would also reduce the value of ISIS' surreptitious oil sales, so there is a small silver lining in that very dark cloud, |
| Posted by: trailing wife 2015-08-06 09:19 |