(Bloomberg) — Oil eked out a small gain after tumbling 10% on Tuesday as concerns over virus-driven demand destruction overshadowed a historic deal by the world’s biggest...
(Bloomberg) — Oil pushed higher after swinging wildly in early trading as investors weighed whether an historic deal by the world’s biggest producers to cut output would...
Abu Dhabi is said to have already received more than US$25 billion in combined orders for a planned issue of dollar-denominated bonds, which it started marketing...
(Bloomberg) — With OPEC pre-announcing a big production cut for it and its allies without the support of Russia, Saudi Arabia appears to be trying to corner...
The coronavirus (nCoV) outbreak might spill over to impact oil demand with OPEC (Organization of the Petroleum Exporting Countries) and its allies mulling another 500,00 barrels...
Middle East oil demand growth is expected to be challenged by many aspects, mostly related to geopolitical issues and economic transformation policies, including subsidy reduction programmes....
(Bloomberg) —Saudi Arabia’s Energy Minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels, undeterred by...
(Bloomberg) –Kuwait and Saudi Arabia could reach an agreement by the end of this year to renew oil output in the shared neutral zone along their...
(Bloomberg) –Goldman Sachs raises 2020 Brent spot price to $63/bbl from $60 previously, according to emailed report. Long-term anchor price still seen at $55/bbl. Bank now...
(Bloomberg) –Saudi Arabia surprised the oil market with deeper production cuts, sending crude prices soaring and predicting that Aramco, fresh from its initial public offering, will...
