The consortium, led by Washington-based EIG Global Energy Partners, may raise at least $4.5bn
Citigroup raised its fourth-quarter Brent forecast to $85 a barrel
Crude has gained more than 60 per cent this year as the roll-out of Covid-19 vaccines lifted movement curbs and, subsequently, oil demand
US crude inventories expanded by 2.35 million barrels last week
The global market for debt that complies with environmental, social or governance goals (ESG) looks set to top $1 trillion this year
With a young leadership at the helm, the GCC’s largest economy has embarked on a journey of growth, diversification and alliances
Benchmark Brent crude is currently trading around $75 a barrel, up 45 per cent this year
Oil’s impressive first-half rally has lost momentum in July and August
The delta variant has spurred fresh curbs on mobility in many nations including China, harming energy consumption
Oil prices have retreated 6 per cent this month as the contagious delta variant triggers renewed lockdowns in China and other key Asian consumers
Delta has raised concerns about the short-term demand outlook
Salaries and subsidies in the 2020-21 fiscal year accounted for 73 per cent of spending
West Texas Intermediate was slightly higher after slumping 3.6 per cent on Monday
The price of Brent crude averaged over $73 a barrel in June
Futures in New York traded below $72 a barrel after adding 0.4 per cent last week
The American Petroleum Institute was said to report an 806,000 barrel gain in US crude inventories
Oil has run into stiff headwinds in July after rising in seven of the past eight months
The agreement means the cartel will boost output by 400,000 barrels a day each month from August
The sovereign credit rating was cut one level to A+ from AA-
If there is a deal on Sunday, it is unclear how quickly additional supplies can be delivered to the market
The ratings agency expects the Saudi budget deficit to narrow to 3.3 per cent of GDP this year
The UAE’s energy ministry issued a statement acknowledging that talks are underway
The Al Zour LNG terminal received its first cargo of gas, from Qatar, on Monday
Oil has rallied more than 50 per cent this year as the vaccine rollout boosts demand in key economies
Wealth management has gone through layers of disruption to morph into its current advisory form
Crude futures are trading at a two-year high above $70 a barrel
The state-controlled company sold sukuk due in three, five and 10 years
Futures in New York dropped back below $69 a barrel on Tuesday after closing 0.6 per cent lower in the previous session
Oil is up 40 per cent this year as the recovery from the pandemic in the US, China and parts of Europe boosts the outlook for fuel consumption
Oil is poised for a second straight monthly gain as the US, China and parts of Europe lead a robust demand recovery from the Covid-19 pandemic