What Happens to To your Saudi Aramco Stock if Iran Invades Saudi Arabia?

Saudi Arabia's largest oil processing facility is taken offline because of a drone attack. A missile from an unknown source strikes an Iranian tanker causing an oil spill. Turkey invades northern Syria. These are just some of the Middle East headlines from the past month. What they indicate is a very important region of the world fraught with insecurity and escalating chaos. It comes at a time when Saudi Aramco is about to launch the largest IPO in history. It all reads like the grand plot of a Tom Clancy thriller.

Saudi Aramco announced today it will postpone its upcoming IPO. What could be the problem? It isn't difficult to think of many scenarios. The result of a prolonged war is one. As a fiction writer, I thought of another. What if Iran or Russian buys up all the stock?

Shale Jobs are Drying Up in the Permian Basin

Barry Marks can hear the Permian Basin slowing down.

It’s right there on country-music station 96.1 FM in Odessa, Texas, where commercials for shale-patch jobs used to fill the airways. Those kinds of radio ads have fallen by two-thirds, said Marks, the general manager for ICA Broadcasting LLC, which runs five stations in the area.

“A lot of those people working in the Permian Basin do not reside here,” Marks said. “So they’re heading home every two weeks. And they may just be staying home.”

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Should Markets Worry About Falling Saudi Oil Inventories?

Bloomberg is reporting that Saudi Aramco has restored oil production levels at the crude-processing plants at Abqaiq and at the Khurais oil field. Multiple reports that Saudi’s production would be back online quickly have helped push oil prices back down to where they were prior to the September 14 attacks.


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U.S. shale oil boom ends as lower prices take toll

LONDON, Oct 1 (Reuters) - U.S. oil production growth is decelerating gradually in response to lower prices, which should reduce predicted over-supply in 2020 and force the global oil market back towards balance.

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US Shale Production Is Set For A Steep Decline

U.S. oil production fell in July, another worrying sign for the shale industry.

The latest EIA data shows that oil output fell sharply in July, dipping by 276,000 barrels per day. The decrease can be chalked up to outages related to a hurricane that forced oil companies to temporarily idle operations in the Gulf of Mexico. Offshore Gulf of Mexico production plunged by 332,000 bpd in July.

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