Oil prices stabilized on Wednesday after rising sharply earlier, amid fears of an escalation of the conflict between the United States and Iran. Iran launched more than a dozen ballistic missiles at bases in Iraq […]
Oil is on the right track to achieve its largest annual gain since 2016 as fears of oversupply decreased with the drop in US crude oil inventories, and high geopolitical risks led to higher oil […]
Oil prices hit new highs to make the biggest monthly gains in nearly a year as expectations emerge in the market that supplies will shrink in the markets. Oil futures rose 1.1% on the New […]
Oil prices rose on Thursday thanks to a possible boom in the Sino-American trade war and OPEC-led efforts to limit oil production in the market, although trading was calm as many markets were closed due […]
Oil rose to its highest level in nearly three months after US President Donald Trump signed a partial trade deal with China, and expectations for global demand rose after OPEC+ agreed to deepen production cuts. […]
Saudi Aramco shares rose after its initial public offering, as the market value of the world’s largest oil producer was valued at a record $1.88 trillion, which in turn raised the stock market in Saudi […]
OPEC, Russia and other oil producing countries have agreed to further cuts in production in an attempt to support crude oil prices in the face of an abundance of supply looming, mainly due to the […]
OPEC and its allies were again forced to take new measures to avoid a collapse in oil prices. It is widely expected that the organization led by Saudi Arabia and Russia (now called “OPEC+”) will […]
The Kuwaiti government has indicated that it will invest up to $1 billion in the initial public offer for Saudi Aramco, as the Kingdom requests regional allies to boost sales of its record selling shares, […]
Saudi Arabia marginalized international banks advising on Aramco’s IPO. JPMorgan Chase & Co. and Morgan Stanley are among the global coordinators who have been sidelined after the oil giant turned to local lenders such as […]
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