Tag: oil
The Prince Got His World-Beating IPO. Now Hard Work Begins
(Bloomberg) --Saudi Aramco’s world-beating initial public offering is a watershed moment for a business that’s bankrolled the kingdom and its rulers for decades. The...
Saudis Make Surprise Oil Cut With Eye on Aramco’s $2 Trillion
(Bloomberg) --Saudi Arabia surprised the oil market with deeper production cuts, sending crude prices soaring and predicting that Aramco, fresh from its initial public...
Oil Gains the Most in Over Two Months on Trade Deal Optimism
(Bloomberg) --Oil surged the most in more than two months amid growing optimism for a U.S.-China trade deal and as OPEC and its allies...
OPEC+ Sends Mixed Signals About Deeper Output Cuts Before Talks
(Bloomberg) --OPEC and its allies sent mixed signals about whether they were considering deeper production cuts, fanning oil-market speculation before crucial talks in Vienna...
Oil Rebounds as Iraq Signals Deeper Cuts Ahead of OPEC+ Meeting
(Bloomberg) --Oil rebounded from the biggest weekly loss since October as Iraq signaled OPEC+ will consider deeper output cuts at its meeting this week,...
OPEC’s flaring political crises add new risk for oil supplies
(Bloomberg) --OPEC may have no appetite to cut oil production deeper when it meets next month, but flaring political crises across the group are...
Asia’s richest man breaks into club of six oil elites
(Bloomberg) --Reliance Industries Ltd., run by Asia’s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy supermajors.
The...
Global oil demand to hit a plateau around 2030, IEA predicts
(Bloomberg) --Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that...
Oil drops from a six-week high on slippery trade-war signals
(Bloomberg) --Oil fell as equity markets faltered on concern chances of a U.S.-China trade settlement are slipping away.
Futures in New York fell 0.7% on...
Iran claims to discover 53 billion barrels in new oil reserves
(Bloomberg) --Iran discovered an oil field containing the equivalent of 53 billion barrels, potentially boosting its reserves as the OPEC member struggles to overcome...
