The sovereign credit rating was cut one level to A+ from AA-
If there is a deal on Sunday, it is unclear how quickly additional supplies can be delivered to the market
The ratings agency expects the Saudi budget deficit to narrow to 3.3 per cent of GDP this year
The UAE’s energy ministry issued a statement acknowledging that talks are underway
The Al Zour LNG terminal received its first cargo of gas, from Qatar, on Monday
Oil has rallied more than 50 per cent this year as the vaccine rollout boosts demand in key economies
Wealth management has gone through layers of disruption to morph into its current advisory form
Crude futures are trading at a two-year high above $70 a barrel
The state-controlled company sold sukuk due in three, five and 10 years
Futures in New York dropped back below $69 a barrel on Tuesday after closing 0.6 per cent lower in the previous session
Oil is up 40 per cent this year as the recovery from the pandemic in the US, China and parts of Europe boosts the outlook for fuel consumption
Oil is poised for a second straight monthly gain as the US, China and parts of Europe lead a robust demand recovery from the Covid-19 pandemic
OPEC+ ministers are due to meet June 1 to consider the state of the market and the group’s production policy
Talks between Iran and world powers will continue in Vienna this week to resolve outstanding issues
Oil has managed to break out from a tight range near $60 a barrel and resume its upward momentum
Brent crude has gained over 30 per cent this year to top $68 a barrel
Consumption may also get a boost when China breaks for an extended holiday on Saturday
Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter
The global oil market recovery is being driven by China and the US, with positive signs emerging from parts of Europe
The company reshuffled its senior management last year and created a division focused on portfolio optimisation
Deliberations on the potential listings are ongoing and no final decisions have been made
Futures in New York traded near $59 a barrel after dropping 3.5 per cent last week
Data from the US and Asia do bolster the case for OPEC+ to loosen the taps
Oil accounts for 90 per cent of Kuwait’s revenue
A US inventory report showed domestic fuel consumption is at the highest in four months
The non-oil economy shrank an annual 0.8 per cent in the fourth quarter
Crude has rallied strongly in the opening months of 2021
Fujairah International Oil & Gas Corp claims it’s an intermediary seller of the cargo and that it is Iraqi oil
Qatar loaded about 700,000 barrels of oil onto the tanker Abu Dhabi-III on March 4
A rising currency wiped out a solid surge following an attack on a major Saudi Arabian export crude terminal