Tag: Saudi Arabia
OPEC turns 60, remains focused on balanced, stable oil market
(WAM) -- OPEC stands ready to meet the many challenges it will face as it enters the next 60 years of its history, affirmed...
Oil Drops on Signs OPEC+ Preparing to Taper Production Cutbacks
(Bloomberg) -- Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts...
Saudi’s Samba Shares Surge After $15.6 Billion Takeover Bid
(Bloomberg) -- Samba Financial Group jumped in Saudi Arabia after rival National Commercial Bank, the kingdom’s largest lender by assets, offered to acquire it for...
Oil Holds Above $35 With OPEC+ Decision on Output Cuts in Focus
(Bloomberg) -- Oil traded without direction for a second day as the market waited to see if OPEC and its allies will extend record production...
Uber Eats Operations To Transition To UAE’s Careem
Uber Eats has decided to close its operations in eight of its markets, it announced on Monday with its operations in the UAE transitioning...
Virus Update: U.S. Cases Climb 3.2%; Saudis Face ‘Painful’ Cuts
(Bloomberg) -- U.S. cases of coronavirus rose 3.2%, which is higher than the one-week daily average. New York’s new deaths rose slightly while hospital admissions fell. The...
Covid-19 Testing: Saudi Arabia, Chinese Firm Sign US$265mn Deal
Saudi Arabia has entered into a US$265 million ((Saudi Rials 995 million) deal with a Chinese firm to ramp up coronavirus (Covid-19) testing.
The Kingdom,...
Oil Regains Some Ground After 10% Drop While Demand Fears Linger
(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...
The Secret Weapon Giving Mexico Power in the Oil Price War
(Bloomberg) -- As Mexico and Saudi Arabia fight over a deal to bring the oil-price war to an end, Mexico has a powerful defense: a massive Wall...
Oil Retreats After Sharp Rally on Doubts Over Price-War Truce
(Bloomberg) -- Oil gave up some of last week’s rally after a delay to a planned meeting of top producers to discuss output curbs and...
