Global demand will drop by more than 9 million barrels a day in 2020, according to the IEA
The accord caps a tumultuous month when Brent crude plunged to its lowest in nearly two decades, falling toward $20 a barrel
Benchmark Brent has plunged by more than half since the start of the year
Benchmark Brent crude has plunged 48 per cent this year
The kingdom needs an oil price of $84 to balance this year’s budget
It puts Aramco supply above its maximum sustainable capacity, indicating that the kingdom is even tapping its strategic inventories
The oil giant raised $29.4bn in the world’s biggest-ever initial public offering, selling shares at 32 riyals each
Goldman Sachs Group, one of the underwriters of the deal, exercised the over-allotment option and increased the offering
On the second day of trading on Riyadh’s stock exchange, Saudi Aramco briefly soared past the target
The country previously announced plans to introduce a 10-year visa for investors
The biggest listed companies in Bahrain by market capitalisation
The biggest listed companies in the Gulf region
The biggest listed companies in Qatar as ranked by market capitalisation
Gross revenue decreased 39 per cent
South American nation Venezuela tops the list, followed closely by Saudi Arabia.
Two from the UAE and one from Bahrain feature on the list of the world’s largest smelters by capacity.