Tag: Saudi Arabian Oil
OPEC agrees to modest oil output curbs in first deal since 2008
Output will be reduced to arange of 32.5-33.0 million b/d. OPEC estimates its current output at 33.24 million b/d By Rania El Gamal, Alex Lawler and Vladimir Soldatkin ALGIERS (Reuters) – OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting […]
Saudi Aramco may launch IPO: Deputy Crown Prince Mohammed bin Salman
Saudi Aramco the world’s largest oil producer NEW YORK _ Saudi Arabia may launch an initial public offering for the world’s largest oil producer, Saudi Arabian Oil Co., according to a report. Deputy Crown Prince Mohammed bin Salman told The Economist that a decision will be made in the next few months. The crown prince is […]
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