Energy & precious metals - weekly review and outlook
By Barani Krishnan Investing.com -- China has kicked off the year by buying large quantities of oil despite its worrying COVID situation. But before bulls in the market get excited again at...
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Saudi Aramco News & Analysis
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Oil posts biggest weekly loss in a month after reversing gains on U.S. jobs
By Barani Krishnan Investing.com -- A smaller-but-still-healthy U.S. jobs growth for December could not help oil prices sustain a rally on Friday, with crude markets posting their biggest...
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Saudi Aramco’s Q4 earnings likely to decline due to weak oil prices: Al Rajhi Capital
Energy giant Saudi Arabian Oil Co.’s net profit in the fourth quarter of 2022 is expected to drop to SR146 billion ($38 billion), down 6.3 percent from the previous quarter, according to Al...
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Saudi Arabia may cut Arab Light crude prices to 15-month low for Asia
Top oil exporter Saudi Arabia may further cut the prices for its flagship Arab Light crude grade to Asia in February, after they were set at a 10-month low this month, as concerns of...
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Apple’s Slide Topples Last Stock in $2 Trillion Club
(Bloomberg) -- A steady slide in Apple Inc (NASDAQ:AAPL). shares pushed the iPhone maker’s market value below $2 trillion, the latest casualty in the tech stock rout. Apple fell as much as...
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Japan bolsters ties with Saudi Arabia beyond oil to hydrogen and fuel ammonia
Japan signed two sets of cooperation agreements with Saudi Arabia on Dec. 25 in the fields of hydrogen, fuel ammonia and carbon recycling, strengthening the current relationship primarily...
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Japan, Saudi Aramco extend Okinawa crude storage deal
Japan Organization for Metals and Energy Security (JOGMEC) has renewed a deal with Saudi Aramco for crude oil storage on the island of Okinawa for another three years, the state-run Japanese...
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Saudi Arabia, China have chance to develop integrated downstream sector: Aramco SVP
Saudi Arabia’s recent petrochemicals projects with China are an opportunity for both countries to develop an integrated downstream sector, Mohammed Al Qahtani, Saudi Aramco’s SVP of...
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ICYMI: Saudi Aramco CEO said oil production spare capacity is extremely low
Saudi Aramco is the largest oil producer in the world. CEO Amin Nasser might be accused of talking his book, or he might be right (or both!) “Today there is spare capacity that is...
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Saudi Aramco Seeks Investors For $110 Billion Unconventional Gas Project
Saudi Aramco is in early-stage talks with potential equity investors that would help fund a huge $110 billion unconventional gas field development in the Kingdom, sources with knowledge of...
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Oil demand from petchems to stay robust in any energy-transition scenario: Aramco
Oil demand from the petrochemicals sector is likely to remain robust “no matter which energy transition scenario plays out,” said Amin Nasser, Saudi Aramco president and CEO, on Dec. 6, the...
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Saudi Arabia cuts January crude oil price, but by enough?
Saudi Aramco cut its key oil prices for Asia for January, as had been expected, but the key question is whether the drop is big enough to tempt refiners to buy more crude. Aramco 2222.SE,...
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ADNOC, Aramco’s converging oil capacity boost targets seen leading to market share spat
Saudi Arabia and the UAE are ramping up their crude oil production capacity in a bid to capture more market share, but their ambitious plans are likely to put the two OPEC allies in direct...
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Oil price collapse: Saudis, Russians rush to market’s rescue, 2 weeks early
By Barani Krishnan Investing.com -- There are another two weeks to go for the OPEC+ meeting, but the Saudis and Russians have decided not to sit back and let the market collapse...
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Oil slips, WTI below $80 amid China COVID crisis, recession fears
By Ambar Warrick Investing.com-- Oil prices fell on Monday, extending steep losses from last week as concerns over rising Chinese COVID-19 infections and a potential global recession...
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Energy & precious metals - weekly review and outlook
By Barani Krishnan Investing.com - “I advise you to enjoy the sun... It will be a sunny day, and it will remain so,” Saudi Energy Minister Abdulaziz bin Salman quipped to a...
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Crude oil higher; Chinese Covid policy easing helps
By Peter Nurse Investing.com -- Oil prices soared Friday, adding to the previous session’s gains on the news that China, the world’s top importer of crude, has eased some of its...
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Crude Oil Higher; China to Relax 'Zero-COVID' Policy?
By Peter Nurse Investing.com -- Oil prices surged Tuesday, boosted by unconfirmed reports that Chinese authorities were looking at ways to relax the "Zero-COVID" policy that has disrupted...
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China Rallies, JOLTS & ISM, Big Pharma Earnings - What's Moving Markets
By Geoffrey Smith Investing.com -- Chinese markets rally strongly on unconfirmed reports of a coming shift in the country's COVID-19 policy. That's also lifting oil prices and U.S. stocks,...
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Tesla's Musk Teases Up to $10B Buyback, Says Could Be Worth More than Apple and Saudi Aramco 'Combined'
By Investing.com Staff During last night's conference call, Tesla (NASDAQ:TSLA) CEO Elon Musk said the company could do a $5-$10 billion buyback and he thinks the company could eventually be...
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Energy & Precious Metals - Weekly Review and Outlook
By Barani Krishnan Investing.com -- “Woo-hoo! Gasoline prices are below $4.00 a gallon! Inflation came in lower than expected! I hope you enjoy this wonderful economic news but I’m afraid to...
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Oil Recovery Runs Out of Gas on Fears of a Supply Glut
By Ambar Warrick Investing.com-- Oil prices sank on Thursday, cutting short a recent recovery as traders feared a revived Iran Nuclear Deal and increased output from Russia would flood the...
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Dow Futures Down 80 Pts; Home Depot Q2 Impresses, Walmart Due
By Peter Nurse Investing.com -- U.S. stocks are seen opening with small losses Tuesday, handing back some of the previous session’s solid gains with quarterly reports from retail...
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European Stocks Edge Higher; BHP Soars After Bumper Profits
By Peter Nurse Investing.com - European stock markets edged higher Tuesday, helped by strong earnings from mining giant BHP Group ahead of the release of key German ZEW sentiment data. By...
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European Stock Futures Largely Flat; BHP Group Reports Bumper Profits
By Peter Nurse Investing.com - European stock markets are struggling for direction Tuesday, with concerns about slowing global growth competing with strong BHP Group earnings ahead of the...
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Crude Oil Slumps; Chinese Data, Additional Supply Weigh
By Peter Nurse Investing.com -- Oil prices slumped Monday, weighed by concerns over slowing Chinese economic growth as well as raised potential for increased supply from both Iran and...
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Dow Futures Down 165 Pts; Earnings Due From Retail Sector
By Peter Nurse Investing.com -- U.S. stocks are seen opening lower Monday, handing back some of last week’s decent gains ahead of a big earnings week in the retail sector. At 07:00 ET...
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Chinese Rate Cut, Aramco Profit, German Gas Levy - What's Moving Markets
By Geoffrey Smith Investing.com -- China's central bank unexpectedly cuts a key rate as growth slows across the economy. Saudi Aramco (TADAWUL:2222) beats its own record for the world's...
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European Stocks Edge Higher; Weak Chinese Data Hits Sentiment
By Peter Nurse Investing.com - European stock markets largely edged higher Monday, starting the new week on a cautious note as investors digested weak Chinese economic data. By 04:15 ET...
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European Stock Futures Mixed; Chinese Economy Slows
By Peter Nurse Investing.com - European stock markets are expected to open in a mixed fashion Monday, starting the week on a cautious note amid concerns about slowing global growth after...
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Saudi Aramco Acquires Valvoline Global Products Business for $2.65bn
By Sam Boughedda Valvoline (NYSE:VVV), the vehicle care products company, announced Monday that it is selling its Valvoline's Global Products business for $2.65 billion in cash to Saudi...
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Oil Eyes Another Monthly Loss for July, But Holds Above $100 Pre-OPEC
By Barani Krishnan Investing.com -- For the oil market, the fear of OPEC is greater than the fear of an implied U.S. recession. U.S. crude returned above the key $100 per barrel the first...
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Saudis Say Oil Decisions Are for OPEC+ as Biden Leaves Kingdom
(Bloomberg) -- Saudi ministers insisted that oil policy decisions would be taken according to market logic and within the OPEC+ coalition, just as US President Joe Biden wrapped up a...
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OPEC+ Ratifies August Supply Hike, Next Move Left Unresolved
(Bloomberg) -- Sign up for our Middle East newsletter and follow us @middleeast for news on the region.The OPEC+ coalition ratified an oil-production increase that completes the return of...
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MicroStrategy Bulls Unfazed by Double Dose of Pain
(Bloomberg) -- Shares of MicroStrategy Inc . (NASDAQ:MSTR) have been hit hard this year as its once-winning approach of being a tech company that also holds billions of dollars in...
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Oil Dips After Piercing $120 as U.S. Inflation, GDP Worries Bite
By Barani Krishnan Investing.com -- Oil surged to near three-month highs above $120 a barrel in Monday’s session before turning lower on profit-taking and worries about hurt to the U.S....
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Oil Rises After Crude Price Hike by Saudi Arabia
By David Ho Investing.com – Oil was up on Monday morning in Asia after Saudi Arabia raised the price steeply for its crude sales in July, a sign that supplies remain tight even though OPEC+...
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