Tag Archives: Bloomberg News Agency

Saudi Arabia is seeking to sell as much as 5 per cent of Aramco.

U.S. domestic demand climbed to a record last week as snow and winds bombarded Americans on the East Coast.

Saudi Arabia. OPEC’s de-facto leader. wants to see oil prices above $60 a barrel.

Oil prices and tanker earnings often move in opposite directions.

OPEC and its partners are seeking to bring the amount of oil in storage worldwide down to its five-year moving average.

This soaring demand has already created shortages in parts of the country.

Energy companies will approve investments for more than 150 million tons a year of new supply capacity over the next four years.

Russia pipped Saudi Arabia most of last year as the top crude supplier to China. the world’s biggest buyer.

WoodMac expects 2018 to be a third consecutive year of increase in the number of project sanctions from the 2015 low.

Oil output in the U.S. dropped last week for the first time in more than two months.