by Contributed | Dec 2, 2022 | Blog
By Emeline BURCKEL Major oil producers are expected to stick to their current output strategy or even slash production further when they meet on Sunday in the face of falling prices, a potential Russian oil price cap and an embargo on Russian crude shipments. At their...
by Contributed | Nov 28, 2022 | Blog
Stocks and oil prices sank Monday on concerns about protests across China calling for political freedoms and an end to the government’s hardline zero-Covid policy, fuelling uncertainty in the world’s number-two economy. Hundreds of people took to the...
by Contributed | Nov 21, 2022 | Blog
Asian and European stocks mostly fell Monday, with investor sentiment hit by renewed Covid concerns in China. Shares headed lower as China’s first coronavirus death in six months sparked fears officials would reimpose strict, economically painful restrictions to...
by Contributed | Nov 1, 2022 | Blog
By Robbie COREY-BOULET and Haitham EL-TABEI Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year boosted by higher oil prices resulting largely from Russia’s invasion of Ukraine. The announcement came as the OPEC+ cartel of oil...
by Contributed | Oct 31, 2022 | Blog
Saudi Arabia and the United Arab Emirates said the world needs higher oil production on Monday, just days before the COP27 climate summit aimed at curbing global warming. Saudi Arabia’s energy minister said the neighbouring Gulf countries were increasing...
