Saudi Arabia’s Aramco raised $29.4 billion in the world’s largest initial public offering, surpassing the oil company’s original listing by $5 billion. Goldman Sachs Group Inc., one of the underwriters…
Crude oil futures topped $70 per barrel in early trading Monday amid rising tensions in Iraq and Iran following the killing of a top Iranian military commander in Baghdad. Benchmark…
Oil price futures surged Friday as the international markets reacted to the U.S. airstrike that killed top Iranian general Qassem Soleimani in Baghdad. The global benchmark Brent crude was up…
Saudi Aramco shares soared Thursday, making it the world’s first company to hit a $2 trillion value. The stock gained 10 percent for the second consecutive day trading on the…
OPEC members met in Austria Friday for another day of negotiations over the size and shape of proposed cuts in oil production in response to worsening market conditions. The oil…
OPEC downgraded its 2019 world oil demand growth to 980,000 barrels of oil per day in a closely watched monthly report the organization released Thursday. The total is 40,000 barrels…
Russia’s oil reserves have nearly doubled in valuation since last year and now total $1.2 trillion, Moscow’s Ministry of Natural Resources and Environment reported Friday. The 88 percent increase is…
The global economy is expected to grow by 2.9 percent in 2019 and 3 percent in 2020, the weakest growth in a decade, the Organization for Economic Cooperation and Development…
Bugatti unveiled a new $10 million Centodieci supercar Friday that’s capable of going from 0 to 62 mph in 2.4 seconds. The French-made car debuted at the Pebble Beach, Calif.,…
The International Energy Agency said Friday it now expects a decline in global oil demand, citing concerns for a potential economic downturn and the prolonged U.S.-China trade dispute. The IEA…
