#oil

Aramco oil pipeline investors ready multi-billion dollar bond

The consortium, led by Washington-based EIG Global Energy Partners, may raise at least $4.5bn

Oil holds above $80 with global power shortage boosting demand

Citigroup raised its fourth-quarter Brent forecast to $85 a barrel

Oil trades near $80 as global power crisis set to boost demand

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

Oil holds drop from seven-year high as energy crunch fears ease

US crude inventories expanded by 2.35 million barrels last week

Saudi Arabia may issue a green bond by 2022, ‘if not before’

The global market for debt that complies with environmental, social or governance goals (ESG) looks set to top $1 trillion this year

Saudi Arabia: Paving the way for the future

With a young leadership at the helm, the GCC’s largest economy has embarked on a journey of growth, diversification and alliances

UAE sees no need for OPEC+ to change oil-production plan

Benchmark Brent crude is currently trading around $75 a barrel, up 45 per cent this year

Oil slumps to lowest since May after Fed signals taper this year

Oil’s impressive first-half rally has lost momentum in July and August

Oil heads for longest run of losses since March on virus, dollar

The delta variant has spurred fresh curbs on mobility in many nations including China, harming energy consumption

IEA cuts oil demand outlook for rest of 2021 due to Covid-19

Oil prices have retreated 6 per cent this month as the contagious delta variant triggers renewed lockdowns in China and other key Asian consumers

Oil climbs from three-week low as traders assess demand outlook

Delta has raised concerns about the short-term demand outlook

Kuwait posts record $36bn deficit on oil price drop, virus

Salaries and subsidies in the 2020-21 fiscal year accounted for 73 per cent of spending

Oil holds decline as investors track delta’s spread across China

West Texas Intermediate was slightly higher after slumping 3.6 per cent on Monday

Saudi Arabia’s net foreign assets rose in June

The price of Brent crude averaged over $73 a barrel in June

Oil declines with demand outlook clouded by spreading delta

Futures in New York traded below $72 a barrel after adding 0.4 per cent last week

Oil

Oil renews decline as US inventories expand, delta spreads

The American Petroleum Institute was said to report an 806,000 barrel gain in US crude inventories

Brent oil steadies near 8-week low after market selloff on Covid-19 resurgence

Oil has run into stiff headwinds in July after rising in seven of the past eight months

OPEC+ resolves deadlock, agrees on deal to boost oil output from August

The agreement means the cartel will boost output by 400,000 barrels a day each month from August

Kuwait credit rating cut for second time in two years by S&P

The sovereign credit rating was cut one level to A+ from AA-

OPEC+ to meet on Sunday to discuss oil output deal

If there is a deal on Sunday, it is unclear how quickly additional supplies can be delivered to the market

Fitch lifts Saudi Arabia’s outlook to stable as oil gives boost

The ratings agency expects the Saudi budget deficit to narrow to 3.3 per cent of GDP this year

OPEC+ yet to reach an agreement on oil output deal – UAE

The UAE’s energy ministry issued a statement acknowledging that talks are underway

Kuwait opens first permanent LNG facility as it looks to boost gas imports

The Al Zour LNG terminal received its first cargo of gas, from Qatar, on Monday

Oil touches highest level since Oct 2018 on warning about supply crunch

Oil has rallied more than 50 per cent this year as the vaccine rollout boosts demand in key economies

Wealth management 2.0: How has the regional landscape evolved

Wealth management has gone through layers of disruption to morph into its current advisory form

Saudis say cautious approach to restoring OPEC+ output paid off

Crude futures are trading at a two-year high above $70 a barrel

Aramco sells $6bn of dollar-denominated Islamic bonds

The state-controlled company sold sukuk due in three, five and 10 years

Oil extends drop with rally pausing after bouncing off 2018 high

Futures in New York dropped back below $69 a barrel on Tuesday after closing 0.6 per cent lower in the previous session

Oil steady near highest since 2018 with Saudis upbeat on demand

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 climbs toward $67 with market focused on OPEC+ policy meet

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