Oil rises for a second day as Saudi Arabia pushes supply cut
US West Texas Intermediate crude was up by 21 cents, or 0.4 per cent, at $56.17 a barrel.
Oil rises as Saudi Arabia pushes for further supply cuts
US West Texas Intermediate crude was up 25 cents, or 0.5 per cent, at $56.21 a barre...
Pakistan, Asian Development Bank sign loan agreement worth USD 1.3 billion
On Friday, the bank said it has approved a USD 300 million policy-...
Petrol price hits Rs 75 per litre mark, diesel crosses Rs 66
Petrol price was on Monday hiked by 5 paise per litre and diesel by 10 paise a litre, according to daily price notification of state-owned oil firms.
Saudi Aramco prices shares at top of range in world's biggest IPO
Aramco may also exercise a 15% "greenshoe" option, allowing it to increase the size of the deal to a maximum of $29.4 billion.
FBI presumes Florida base shooting was act of terrorism
The FBI says that no arrests have been made in the deadly shooting at the Florida naval base shooting and that all international students at...
Saudi delivers deeper cuts as OPEC+ oil producers back new pact
Brent oil rose 2 per cent to more than $64 a barrel after the announcement.
Saudis offer carrot and stick to get Opec to defend oil prices
The potential reward for complying: Riyadh will lead the way in deepening curbs.
No rush as many investors steer clear of Aramco IPO
The state oil giant confirmed on Thursday that its initial public offering would be the biggest in history, raising $25.6 billion. The offering will surpass Alibaba’s 2014 New York flotation and value Aramco at $1.7 trillion — still short of the prince’s $2 trillion goal.
OPEC countries, Russia to cut oil output, pushing up prices
The group decided to cut output by an extra 500,000 barrels a day as they try to support the price of energy and bolster their revenues. But the decision was not easy: they do not want to hand over too much business to the United States, which keeps pumping more oil and flooding the market.
25 billion reasons: Why Saudi is listing its crown jewel
Despite its almost unimaginable oil wealth, Saudi Arabia's finances have sagged along with the price of crude, causing its budget deficit to balloon. It still has around $500 billion in fiscal reserves run by the country's central bank and some $250 billion managed by the public investment fund (PIF), the kingdom's main investment vehicle.
Saudi Aramco IPO institutional tranche 2.95 times oversubscribed
Aramco plans to sell 1.5 per cent of its shares in a deal that could raise up to $25.6 billion.
OPEC and allies prepare to deepen oil output cuts
The Organization of the Petroleum Exporting Countries (OPEC) meets on Thursday in Vienna and with Russia and others, a grouping known as OPEC+, on Friday.
Donald Trump gets call from Saudi King over Florida shooting
U.S. President Donald Trump says he has spoken to Saudi Arabia's King over the shooting at the Naval Air Station in Pensacola on Friday morn...
Shooting at Florida naval base leaves 4 dead, 8 injured
A shooter opened fire in a classroom building at the Naval Air Station in Pensacola on Friday morning in an attack that left four people dea...
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