Saudi Arabia shocked investors on Tuesday with a decision to slice crude output in February and March as part of an OPEC+ supply agreement. The optimism around tightening global supply permeated …
Oil stocks soar after Saudi Arabia announces surprise production cut of 1 million barrels per day
The OPEC+ meeting opened on Monday with Russia proposing a production hike of 500,000 barrels per day, but that measure was opposed by most members.
Oil stocks soar after Saudi Arabia announces surprise production cut of 1 million barrels per day
The OPEC+ meeting opened on Monday with Russia proposing a production hike of 500,000 barrels per day, but that measure was opposed by most members.
India’s growth bucks global trend: Finance Ministry review
While the global economic recovery has been hit by second waves of infections and more stringent lockdowns in several countries, India’s economy is ‘riding against the COVID-19 wave’ with persistent …
China Sentences Ex-Finance Chief to Death on Corruption Charge
China condemned the former chairman of China Huarong Asset Management Co. to death on charges of malfeasance, one of the most severe sentences to stem from President Xi Jinping’s anti-corruption drive …
Oil nears $50 a barrel after Russia, Saudi Arabia reach production compromise
Oil prices soared to near $50 a barrel Tuesday after Saudi Arabia and Russia reportedly agreed to maintain production cuts in February as coronavirus cases continue to climb globally. West Texas …
Qatar and Saudi Arabia officially end three-year feud at GCC summit
which comprises Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar. The meeting was chaired by the Saudi crown prince rather than his father, King Salman. Meanwhile, Qatar’s finance minister …
Saudi Arabia Offers Voluntary Oil Cut in February – Sources
Saudi Arabia has offered to make voluntary cuts to its oil production in February, two OPEC+ source said. (Reporting by OPEC team; writing by Dmitry Zhdannikov; editing by David Goodman) Comparative …
CySEC Withdraws Authorization of Otkritie Capital Cyprus
Cyprus Securities and Exchange Commission today said it has withdrawn the authorization of Otkritie Capital Cyprus Ltd.
The Finance 202: Wall Street urges GOP to accept election results even as some donate to Georgia Republicans
At the same time, in today’s runoff Georgia Senate races, financiers and other corporate heavies have been surging support to the two Republican incumbents fighting to hold on to their seats, and with …