EFTA00654709.pdf

From: Richard Kahn -- To: "jerfrey IL" <jeevacationgmail.com> Subject: Fwd: Update: OIL PRICE & SAUDI ARAMC0 Date: Fri. 07 Jul 2017 21:18:27 *0000 I nlinc-Images: image005git0102F711.161095700.gic; image006gif01 D2F71D61095700.git). image007g0DID2F71D61095700.gif; image008gifOlD21, 71061095700.gif: inutge009gi101D2F71D61095700.gif Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor Ncw York, NY 10022 tcl fax cell Begin forwarded message: From: "Ens, Amanda" Subject: Update: OIL PRICE & SAUDI ARAMCO Date: July 7. 2017 at 8:53:29 AM EDT To: Rich Kahn' Reply-To: "Ens, Amanda" Happy to set up a call with our experts ... as per below, still so many factors moving Oil - but once again Saudi Aramco cutting prices in Asia has coincided with a relatively aggressive move lower in spot... July 5th at 2pm - (Bloomberg) -- Saudi Arabia cut August pricing for most of its crude grades to Asia as the world's largest oil exporter seeks to stay competitive with other producers. State-owned Saudi Arabian Oil Co., known as Saudi Aramco, lowered official pncing for Nab Light crude to Asia by 20 cents to 45 cents a barrel below the regional benchmark, it said in an emailed statement. The company had been expected to cut pricing by that amount, according to the median estimate in a Bloomberg survey of five refiners and traders. ;11W:1149242103 ... and now these headlines hitting, let's see how much impact they have -OPEC IS SAID TO MULL PRODUCTION CAPS FOR LIBYA, NIGERIA: WSJ From: Heraty, Joseph P Sent: 05 May 2017 10:48 Subject: OIL PRICE & SAUDI AMMCO I'm not an Oil expert, but do think the below is quite interesting... I always thought the Saudi Arabia (via Aramco) impact on Oil prices on the big 70% move lower from Oct 2014 to Jan 2016 was under-appreciated as highlighted below... and this week's down 7.5% move again coinc.dental N comes just after this headline on Monday - May la= Aramco cuts Asia oil pricing as Saudis seen losing market share' - 'State-owned Saudi Arabian Oil Co., known as Saudi Aramco, lowered its official pricing for Arab Light crude to Asia by 40 cents to an 85 cent discount to 0ie regional benchmark, it said in an emailed statement.: Just having a very quick look through several other recent Saudi Aramco price cuts specifically to Asia — look at the Oil price reaction June 30th 2016 -'State-owned Saudi Arabian Oil Co. lowered its official selling pnce for Arab Light crude to Asia by 40 cents to a premium of 20 cents a barrel above a regional benchmark, the company known as Saudi Aramco said in an e-mailed statement Thursday.' [" cid:866088053 Oct 6th 2016 - State-owned Saudi Arabian Oil Co., known as Saudi Aramco, lowered its official pricing for Arab Light crude to Asia by 25 cents a barrel to 45 cents less than the regional benchmark, it said Wednesday in an e-mailed statement, Bloomberg reported. gicid:1849603336 March 2id 2017 — 'Saudi Arabian Oil Co. has lowered prices for almost all of its crude grades for April delivery. The world's largest oil exporter, known as Saudi Aramco, said on Thursday that it had reduced super light and extra light crude pnces for its customers in the Far East, its largest market, by 50 cents and 75 cents, respectively.' (cid:696233331 Again, so many factors driving Oil price (China concerns, US supply, crowded speculative longs, doubts on extent of production cuts into OPEC on May 25th etc) and I would be buying this latest dip... but Just worth watching for the Aramco Asia pncing headlines as maybe a bigger factor than you'd expect, as we head towards the 'PO... From: Heraty, Joseph P Sent: 22 January 2016 11.46 Subject: OIL PRICE & SAUDI AMMCO EFTA00654709 OIL PRICE & SAUDI ARANICO - so many factors have clearly played a role, China, USD, politics (squeeze on Russia) etc etc, but one thing that really stood out behind the huge move in Oil was the impact of the Saudi Aramco price cuts at the very start of Q414... Oct 1st 2014 . Saudi Aramco, the state-run oil company, surprised markets when it announced it would cut official prices for Asian customers in November. ... Oil had already begun selling off for multiple reasons (-13% over the previous 3/4 months), but at the time that was a massive catalyst for the very aggressive move lower.. Crude dropped by 50% within 4 months of that announcement... and 70% from there to the lows this week... lan 20th 2016 = Khalid al-Falih, chairman of state oil company Saudi Aramco, told the World Economic Forum in Davos that current prices would not last, with many smaller producers facing financial difficulties. "The market has overshot on the low side and it is inevitable that it will start turning up,' ... crude +16% from the lows.. they are dearly not the only driver, but they are a very big factor.. above and beyond the EC8, given Oil/mkt correlation, the Aramco comments this week may be the most Important thing we have heard (ARANICO is worth, officials say, "trillions of dollars", making it easily the world's biggest company. It says it has hydrocarbon reserves of 261 billion barrels, more than ten times those of ExxonIVIcibi I, the largest private oil firm, which is worth $323 billion.. and Aramco = 90%of Saudi gov revenues) 2cid:1414641663 TN% message. and any xtaaments, a lot the intended reopen:4) only, may roman information that it prmined.confidenhal and/or peenetary and si.da,ect to important tams and conditions available at s' to ://nwhankofamencaconVernalcisrlamer it vou are no: the intended reopen!, pirate delete this message. 2 gLIQL-12 EFTA00654710