Tag: Oil
Saudi Aramco completed its acquisition of SABIC. A global petrochemical giant...
“This is an important step forward, which will speed up the strategic transformation of our company into a petrochemical industry giant,” Amin Nasser, CEO...
Saudi Aramco will pay dividends from cash and debt
“It will be a combination of both,” Amin Nasser, the company’s chief executive, told reporters. “We would like to use our free cash as...
BP oil company will record up to USD 17.5 billion due...
Coronavirus pandemic could cost British Petroleum up to $17.5 billion, which is a value that the company predicts its assets value to drop. BP...
Goldman Sachs: oil rally will be out of breath soon
The drop should be mainly caused by uncertainty around demand for the strategic commodity, or rather speed of its recovery. The speed will depend...
The price of May WTI futures dropped below zero for the...
The U.S. WTI oil price plunged below zero for the first time ever
On Monday, the price of a oil barrel for May contracts was...
Tullow Oil as a trend in commodity trading
Shares of the British mining company rose in more than a half during last 3 trading days
On Monday, they were among 10 most powerful...
Britain’s oil demand plunged
Oil demand dropped between 50-70% due to movement restrictions in the UK
Most dealers have to cancel new orders in a reaction to the demand...
Joint oil alliance between the US and Saudi Arabia?
The Trump administration may be exploring options to convince Saudi Arabia to quit oil war with Russia
American miners suffer from the disputes the most.
Oil...
Saudi Arabia vs. Russia: who wins the oil-price war?
The black gold price dropped in one third, which is the biggest price plunge since the end of the 1991 Gulf war
The fall was...
OPEC and Russia to meet in Vienna. Will oil production be...
On Thursday and Friday, OPEC+ representatives meet in Vienna
OPEC member countries, Russia and some smaller oil exporters will discuss oil production reduction, which would...
