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Saudi Arabia’s energy minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels.
Read More »OPEC+ Members Stay Focused on Production Cuts Despite Mideast Unrest
The Trade War Ceasefire Meaning For Oil
The signing of the Phase 1 deal will certainly put at least a temporary floor in the increasingly fractious relationship between the U.S. and China.
Read More »OPEC+ Partnership to Endure Beyond Oil Production Cuts
OPEC. Russia and nine other countries are entering their fourth year of production cuts aimed at supporting oil prices.
Read More »Saudi Arabia Committed to Oil Market Stability
There is no more reliable and responsible supplier than Saudi Arabia.
Read More »US Wants China to Stop Buying Iranian Oil
The United States had previously imposed sanctions on a number of Chinese firms transporting Iranian oil.
Read More »Oil Set for Biggest Weekly Loss Since July as Mideast Risk Eases
Oil headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated.
Read More »Iraq Could Risk Dollar Access. Oil Marketing if U.S. Troops Out
Iraq’s government could lose access to its dollar account at the Federal Reserve if the Trump administration imposes sanctions.
Read More »Saudi Aramco Raises Record $29.4 Billion in IPO through Over-Allotment
Saudi Arabia-owned Aramco initially raised a then-record $25.6 billion in its IPO in December.
Read More »Indonesia Secures $22.8 Billion From U.A.E. for Wealth Fund
The United Arab Emirates will invest $22.8 billion in Indonesia through a sovereign wealth fund being set up.
Read More »IPhone Hits Double-Digit Growth in China. Official Data Show
Apple Inc. bagged a significant smartphone shipment jump in China last month as the world’s largest consumer electronics market heads into its holiday season. official data indicate.
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