oil market

 
 

Saudi crown prince says to finalise US$533m privatisation deals this year, reports Asharq al-Awsat

RIYADH, June 16 — Saudi Arabia’s crown prince said today that the government will finalise privatisation deals worth 2 billion riyals (US$533 million) before the end of this year, according to an interview with the Saudi-owned Asharq al-Awsat…


Saudi crown prince says to finalise US$533m privatisation deals this year, reports Asharq al-Awsat

RIYADH, June 16 — Saudi Arabia’s crown prince said today that the government will finalise privatisation deals worth 2 billion riyals (US$533 million) before the end of this year, according to an interview with the Saudi-owned Asharq al-Awsat…


G20 energy ministers to collaborate to keep market stability

KARUIZAWA, Japan, June 15 — Energy ministers from the Group of 20 major economies have shared concerns over attacks on tankers in the Gulf and will collaborate to maintain stability in the oil market, Japan's Industry Minister Hiroshige Seko said…


IEA sees ample oil supplies and weak demand

PARIS, June 14 — Tepid growth in demand for oil along with ample supplies from non-Opec countries will complicate efforts by the cartel and its allies to boost prices, the IEA said in a report today. The focus in oil markets in recent months and…


Asian markets retreat as protests batter Hong Kong

HONG KONG, June 12 — Asian markets fell today after two days of healthy gains, with Hong Kong the worst performer — sinking two per cent as a huge anti-government protest paralysed key roads in the city before turning violent. Profit takers…


Saudi Arabia’s Falih says Opec close to agreement on extending oil deal

ST PETERSBURG, June 7 — Opec is close to agreeing to extend an oil supply-cutting agreement beyond June, Saudi Arabia’s energy minister said today, though the question is how to accommodate participating non-Opec countries. The Organisation of…


US oil prices in ‘bear’ market

NEW YORK, June 6 — The US oil price dove into a “bear market” yesterday following a surprising jump in US petroleum inventories and as myriad trade conflicts dim the outlook for global growth. The decline in the oil market came as Wall Street…


Glencore’s head of oil, Alex Beard, retires amid US probes

LONDON, June 3 — Glencore’s head of oil, Alex Beard, who helped make the firm one of the world’s top three oil trading houses, will retire this month, the company said today in yet another management shake-up amid US probes into its…


Glencore’s head of oil, Alex Beard, retires amid US probes

LONDON, June 3 — Glencore’s head of oil, Alex Beard, who helped make the firm one of the world’s top three oil trading houses, will retire this month, the company said today in yet another management shake-up amid US probes into its…


Asia markets fall as investors seek safe-haven assets

HONG KONG, June 3 — Asian markets largely tumbled today, tracking global losses as Wall Street clocked its worst month this year, with investors opting for safe-haven assets in the wake of intensifying trade tensions. US President Donald Trump’s…