It will be the biggest initial public offering (IPO) in history. Of course, we are talking about Saudi Aramco, the world’s most profitable company and one of its best run.
September 09, 2019
The US central bank, the Federal Reserve (Fed), is widely expected to lower its base rate on Wednesday. Its governor, Jerome Powell, announced the about-turn of his tightening policy in a speech in Paris in mid-July.
July 29, 2019
Since the US removed exemptions that allowed eight countries — including Japan, China and South Korea — to import Iranian oil, sanctions on Tehran have really begun to bite, and the threat to commercial shipping in the strategic Strait of Hormuz has increased in proportion.
July 20, 2019
Tension in the region has been rising since US President Donald Trump withdrew from the Joint Comprehensive Plan of Action (JCPOA), the 2015 deal to curb Iran’s nuclear program, and reimposed sanctions.
July 13, 2019
As OPEC oil ministers gathered in Vienna for their meetings and consultations with their non-OPEC allies, commonly referred to as OPEC+, the oil price reached a five-year high on the back of on two news items.
July 02, 2019