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The Silk Road Fund was set up in 2014 with $40 billion of initial capital.
Read More »China Considers up to $10bn Stake in Saudi Oil Firm
Kuwait will Cut Oil Targets over Climate Concerns
Kuwait is currently the fourth-largest oil producer in OPEC.
Read More »Aston Martin’s $120.000 Motorcycle Isn’t Street-Legal
A representative for Aston Martin declined to comment on the details of the partnership.
Read More »OPEC`s Market Share Shrinking for Years as Shale Triumphs
OPEC will remain under pressure from rising U.S. oil output.
Read More »Oil Keeps Positive Tone amid Economic Cheer
Saudi Arabia on Sunday finally kicked off Aramco’s long-delayed IPO.
Read More »Russia’s Oil Output Still Exceeds OPEC+ Cap Even as Gap Narrows
Russia has failed to meet its OPEC+ obligations for seven months this year.
Read More »Saudi Arabia Invites Brazil to Join OPEC Oil Group
Brazil’s oil reserves are bigger than those of several OPEC members.
Read More »HSBC to Embark on Job Cuts Across Middle East. North Africa
The global banking and markets and commercial banking units may bear the brunt of the reductions. which are due to start in November.
Read More »Saudis Are Ready to Do Deeper Oil Cuts. OPEC Minister Says
Saudi Arabia’s Energy Minister Prince Abdulaziz said his country is ready to make deeper cuts in oil output.
Read More »Aramco Hopes to Start Its Planned IPO this Sunday
The kingdom reportedly plans to list 1% of Aramco on its local stock exchange before the end of this year.
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