Wednesday, July 6, 2022

All posts tagged "oil"

  • Saudi Races to Attract Investment, Create Jobs in Overhaul

    RIYADH, Saudi Arabia – Saudi Arabia is racing to attract more investment and overhaul its economy as low oil prices expose it to urgent domestic challenges. For months, Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman has...

    • Posted January 26, 2016
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  • American Consumers Showing more Confidence in Economy

    WASHINGTON – A strong job market and low gasoline prices helped boost U.S. consumer confidence again this month. The Conference Board on Tuesday said that its consumer confidence index rose to 98.1 in January from 96.3 in...

    • Posted January 26, 2016
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  • Saudi Aramco Expects Oil Prices to Rise by End of 2016

    RIYADH, Saudi Arabia – Saudi Arabia’s state-owned oil giant expects oil prices will climb toward the end the year, saying the current price of around $30 a barrel is not sustainable. Saudi Aramco’s CEO Amin Nasser, speaking...

    • Posted January 26, 2016
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  • Stocks Slip as Oil Skids 6 Percent, Hitting Energy Companies

    NEW YORK – U.S. stocks fell Monday as the price of oil slumped again, giving up some of the ground it gained late last week. That forced energy companies lower. The stock market opened lower and stayed...

    • Posted January 25, 2016
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  • Libya Lost $68B from Attacks on Oil, Industry Chief Says

    LONDON – Libya will fall further into chaos if its factions don’t quickly form a unity government, the head of the state oil company warned Monday, noting the country has already lost some $68 billion in oil...

    • Posted January 25, 2016
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  • German Business Confidence Falls More than Expected

    BERLIN – A closely watched survey released Monday showed a larger-than-expected fall in German business confidence this month, with managers’ assessment of the outlook for the next six months darkening amid recent turmoil on markets and concerns...

    • Posted January 25, 2016
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  • Russian Economy has Worst Year since Global Financial Crisis

    MOSCOW – Russia’s economy shrank 3.7 percent in 2015, the worst drop since the depths of the global financial crisis, as the country struggled with a drop in the price of its oil exports and international sanctions,...

    • Posted January 25, 2016
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  • Saudi Aramco Chairman Defends Oil Giant’s Possible IPO Move

    RIYADH, Saudi Arabia – The chairman of Saudi Arabia’s state oil giant said on Monday that plans for a possible initial public offering are not being driven by a need for cash amid a global slump in...

    • Posted January 25, 2016
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  • Japan Trade Deficit Falls in 2015 on Lower Oil Import Costs

    TOKYO – Japan’s trade deficit fell to its lowest level in four years in 2015, the Finance Ministry reported Monday, as import costs dropped thanks to the collapse in oil prices. Preliminary figures show exports rose 3.5...

    • Posted January 24, 2016
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  • Official: Possible Saudi IPO wouldn’t Include Oil Reserves

    DUBAI, United Arab Emirates – The chairman of Saudi oil giant Saudi Aramco was quoted as saying a possible initial public offering would not include the kingdom’s oil reserves. Chairman Khalid al-Falih made the comments to Saudi...

    • Posted January 24, 2016
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