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OPEC will remain under pressure from rising U.S. oil output.
Read More »OPEC`s Market Share Shrinking for Years as Shale Triumphs
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.
Read More »Oil Holds Firm as Investors Pin Their Hopes on a Trade Deal
Positive signs on the trade front combined with evidence of tightening U.S. crude stockpiles to drive a 4.4% gain in the Brent crude benchmark last week.
Read More »Oil Steady as U.S. Crude Supplies Increase
The oil market is listless and range-bound.
Read More »Kuwait Expects Neutral Zone Oil Pact with Saudis
The neutral zone. which has been shuttered for at least four years. can produce as much as 500.000 barrels a day.
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