Saudi Arabia

The Secrets in Saudi Aramco Bond Filing

Brent crude oil sold for an average of $43.55 a barrel in 2016. To refresh your memory, that was the year that OPEC, particularly Saudi Arabia, chose to fight rising ...
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Saudi Arabian, US Oil Reserves Rising

In a statement posted Wednesday by Saudi Arabia's official news agency, Saudi Aramco officials announced that the kingdom's proved oil and gas reserves rose to 266.3 billion barrels and 302.3 ...
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OPEC and Partners Agree to 1.2 Million Barrel per Day Production Cut

Although an official announcement has not yet been made, reports from the Vienna meeting between the Organization of Petroleum Exporting Countries and its Russia-led partners (aka, OPEC+) indicate that OPEC has ...
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OPEC, Canada Make Moves to Raise Crude Prices

At last week's G20 meeting in Buenos Aires, Saudi Arabia and Russia agreed to extend their crude oil production cuts in an effort to raise the price of benchmark Brent ...
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Can Saudi Arabia Stop the Slide in Crude Prices?

The meeting of the G20 developed economies that began in Buenos Aires Friday has plenty on its agenda, not least of which is what two of the world's top three ...
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Crude Oil Price Remains Soft Following 10th Straight Weekly Rise

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 3.6 million barrels last week, maintaining a total ...
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Saudi Oil Production at Record High, Raising Likelihood of Cuts

As much as Saudi Arabia wants the world to believe that it calls the tune in world oil markets, the facts indicate otherwise. And now that the Trump administration has ...
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Crude Oil Dives Again Under Weight of Politics

West Texas Intermediate (WTI) crude oil traded near $51 a barrel Friday morning as traders tote up the likelihood that Saudi Arabia and its partners will reduce production quotas at ...
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Crude Oil Price Creeps Higher Despite Another Massive Inventory Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning showing that U.S. commercial crude inventories increased by 10.3 million barrels last week, maintaining a total ...
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Saudi Arabia to Cut Production, Likely Ending Drop in Oil Prices

The unprecedented drop in oil prices may be over. A bear market dropped the price of crude from $76 to $60 in one month. Much of the cause was an ...
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6 Most Important Things in Business Today

Amazon.com Inc. (NASDAQ: AMZN) is close to the choice of a second headquarters. According to The Wall Street Journal: Amazon.com Inc. has progressed to late-stage talks on its planned second ...
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Saudi Arabia’s Economy and Military by the Numbers

Saudi Arabia ranks fourth in the world based on military expenditures. It ranks 41st in population, and it ranks 19th in nominal gross domestic product (GDP). Saudi Arabia's military capacity ...
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Saudi Aramco Record IPO Will Be Killed by Saudi Scandal

Among the effects of the alleged murder of Jamal Khashoggi by the Saudi Arabian government is the damage it will do to an initial public offering planned for Saudi Aramco, ...
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6 Most Important Things in Business Today: Sears Chapter 11

Sears Holdings Corp. (NASDAQ: SHLD) has filed for Chapter 11 bankruptcy. According to Reuters: Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close 142 ...
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6 Most Important Things in Business Today, Theranos Out of Business

Blood testing company Theranos went out of business. According to The Wall Street Journal: Theranos Inc., the blood-testing company accused of perpetrating Silicon Valley’s biggest fraud, will soon cease to ...
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