Tag Archives: Gulf News

Aramco Is at the Core of Saudi Economic Diversification Plans

Saudi Arabia’s plans to diversify its economy hinges largely on funding from Aramco and other leading public sector entities while large private sector players are expected to join the massive 5 trillion-riyal ‘Shareek’ investment plan. The recent confirmation by Saudi Arabia’s Crown Prince Mohammed Bin Salman that the kingdom is …

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Saudi Aramco to Benefit from Oil Price and Demand Recovery

Saudi oil giant Aramco will benefit from the oil prices and demand recovery according to Bank of America Merrill Lynch (BoAML). “We believe that Aramco is uniquely positioned in the global oil world to meet potential resurgence of oil demand. Should bullish oil price demand assumptions materialize, we would expect …

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Oil Demand Is Back in Focus after Vaccine-Led Rally

The optimism around vaccine rollouts has supported oil prices into 2021 – but traders are now focusing on the impact of the pandemic on longer-term demand for the commodity. Brent crude prices closed at $55.04 a barrel in its last trading session, while US crude dripped slightly to $52.14. “We …

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