10
Feb
00:00
Saudi Aramco seeks rig discounts on oil price slump
Oil giant Saudi Aramco has asked its rig suppliers for discounts of up to 25%. The company is attempting to lower operational costs due to the oil price slump, according to a Middle East Economic Digest (MEED) report seen by Kallanish.
Oil prices plummeted 55% since September to a six-year low below $50/barrel last month. Although they have since recovered, they remain languishing below $60/barrel and are forecast by the IMF to average around $57/barrel in 2…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous