Saudi Aramco's Borrowing Spree

Defying Lower Oil Prices, Saudi Aramco Goes on Borrowing Spree - Saudi Arabia’s national oil company, Saudi Aramco, is seeking to borrow more from the financial markets to meet its investment needs, having raised $5 billion this week in its first dollar-bond sale of 2025. - The company’s net debt rose to its highest since 2022 as of April 2025, up 18% quarter-on-quarter to 25 billion, although Aramco’s gearing ratio remains relatively low at 5.3%, a fraction of BP’s more than 25%. - According to the IMF, Saudi Arabia’s…