Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market's needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building.Add your comment!
Saudi Aramco is planning to borrow US$12 billion in its debut bond sale as the oil giant pulls off one of the most oversubscribed debt deals of all time. Investor orders for the dollar bonds reached an excess of US$100 billion at the peak on Tuesday, according to market experts
The United States on Friday welcomed the blocking of a proposal to add a group of countries, including four American territories, to the EU money-laundering blacklist after almost all member states opposed it. The US ambassador to the European Union, Gordon Sondland, hit out at the dogmatic posturing of the European Commission, the bloc's executive arm.
Saudi Arabia has barred five Brazilian chicken processing plants from exporting to the Middle Eastern country, leaving 25 with valid export permits, Brazil’s meat trade association ABPA said, citing “technical” reasons. The Saudi move threw up a fresh hurdle for top exporter BRF SA and its rivals just a day after an anti-dumping dispute with China was resolved.
Oil prices jumped as much as 3% on Friday to win back a chunk of the ground they lost in the previous session, but growth in U.S. crude stockpiles and ongoing concerns about the global economy kept markets under pressure.
Twitter has warned of unusual activity from China and Saudi Arabia related to a bug in a help form. The bug - discovered on 15 November and fixed the day after - could have revealed the country code of users' phone numbers or if their account was locked, the company said.
The US Senate has voted to withdraw US military aid for Saudi Arabia's war on Yemen and to blame the kingdom's crown prince for the murder of a journalist. The historic vote is the first time any chamber of US Congress has agreed to pull US forces from a military conflict under the 1973 War Powers Act.
Environmental activists have labelled Brazil and Saudi Arabia “fossils of the day” during the United Nations two-week climate conference in Katowice, Poland.
Qatar said it will quit OPEC to focus on gas in a swipe at Saudi Arabia, the de facto leader of the oil exporting group which is trying to show unity in tackling an oil price slide. Doha, one of OPEC’s smallest oil producers but the world’s biggest liquefied natural gas (LNG) exporter, is embroiled in a row with OPEC members Saudi Arabia and the United Arab Emirates.
A federal court in Argentina is examining a criminal complaint against the controversial Saudi Crown Prince Mohammed bin Salman for alleged war crimes committed in Yemen.