Saudi Arabia officially launched its first public offering of state-run Saudi Aramco on Sunday, which will see a batch of shares on the local bourse hoping to raise billions of dollars to the kingdom. Initial […]
Oil prices rose on Wednesday, tracking gains in stock markets. Investors are pinning their hopes on a possible Brexit deal and on signals from OPEC and its allies that further supply constraints could be close. […]
According to the World Economic Forum’s Global Competitiveness Report 2019, the UAE has been ranked as the most competitive economy in the Arab region for the fourth consecutive year. Globally, the UAE ranks 25th, up […]
Iran’s oil company has pulled out of a $5 billion deal to develop part of Iran’s huge offshore natural gas field, an agreement the French government earlier withdrew because of US sanctions on Iran, the […]
Oil posted its weakest quarter since late last year as concerns over the global economic slowdown increased, especially after an unprecedented attack on Saudi Arabia’s key energy facilities. Brent futures have fallen 8.7% since the […]
Previously, during the turbulence of oil exports in the Middle East, the United States was in great pain as gasoline and other fuel prices soared. Costs could also rise in the coming weeks if Saudi […]
US President Donald Trump said on Sunday that the United States would benefit from its strategic oil reserves “if needed” in the wake of the attacks on oil sites in Saudi Arabia. “I have also […]
The United States has briefly become the world’s No. 1 oil exporter as record shale production finds its way to global customers, and there are possibilities for going even further. The International Energy Agency said […]
Saudi Arabia’s new energy minister said on Monday that OPEC’s deal to limit oil production with non-OPEC allies, including Russia, could last as long as possible. “Now we have a bigger family, which is OPEC […]
Gold and silver prices rise as the week closes Gold prices rose moderately Thursday in the US. August gold futures are set to close $3.80 up, at a five-month high an ounce, of $1.427.00. Silver […]
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