Saudi Arabia plans to increase its oil production next month, in contrast to the recent decline in large production, a sign of growing confidence in the recovery in oil prices, Kingdom advisers said. The world’s largest oil exporter surprised oil markets last month when it said it would cut crude …
Read More »Oil prices plummet like new coronavirus strain Travel bans
New strains of coronavirus found in the UK led to a drop in oil prices on Monday and new travel bans were lifted across Europe, raising concerns that more lockdowns could occur globally. International benchmark Brent crude fell 2.6% to .9 50.91 a barrel. Major U.S. Crude gauge futures linked …
Read More »Global markets-Asian stocks overshadow US stimulus expectations over epidemic concerns
By Pete Schroeder, Julie Xu * Japan unveils fresh 8 708 billion fresh economic stimulus measures * U.S. Investors stay on one side before the vote in Congress * California Travel announces new restrictions on business * Asian stock markets: tmsnrt.rs/2zpUAr4 WASHINGTON / HONG KONG, Dec 8 (Reuters) – Asian …
Read More »Noble Energy shareholders approved the sale of 1.41 billion to Chevron
File photo: An aerial view on January 31, 2019, off the coast of Haifa, Israel, in the Mediterranean Sea, showing the newly arrived base platform of the Leviathan natural gas field. By Mark Israel Salem / Pool, Rears / File Photo HOUSTON (Reuters) – Noble Energy shareholders on Friday approved …
Read More »Once an American enemy, now a friend: OPEC is 60 years old
LONDON (Reuters) – In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Now, the 60-year-old cartel and Washington Washington are more likely to bid. File photo: Crown Prince Mohammed bin Salman of Saudi Arabia shakes hands with US President Donald Trump …
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