June 3, 2024 4:30 PM
OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production. Brent crude oil prices have been trading near ...
May 30, 2024 4:21 PM
Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval, people with knowledge of the matter said. Final approval would come from Crown Prince Mohammed bin Salman. The share offerin...
January 17, 2024 5:53 PM
The CEO of Saudi oil giant Aramco, Amin Nasser, has expressed concerns over potential disruptions in global oil markets due to prolonged attacks by the Houthis in the Red Sea. Nasser anticipates a shortage of tankers, leading to delays in supply as v...
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