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Energy in the News: 18/10/19

Aramco will delay its IPO once again as it seeks to whet investors’appetite with its third-quarter financial results, yet to be announced. 204 more words

Oil

Oil prices edge higher as OPEC hints at deeper output cuts

REUTERS

Jessica Jaganathan

SINGAPORE (Reuters) – Oil prices rose on Wednesday, tracking gains in equities, as investors pinned hopes on a potential Brexit deal between Britain and the European Union and on signals from OPEC and its allies that further supply curbs could be possible. 414 more words

Aramco Operation Costs Saudi Arabia $2bn Worth Of Oil Output

By Staff, Agencies

Saudi Arabia has lost $2 billion worth of its oil production after Yemen’s retaliatory operations on the kingdom’s vital energy infrastructure last month, according to a report by the Financial Times. 368 more words

House Of Saud

Oil prices dip for 3rd day as US-China trade doubts grow

CNBC

KEY POINTS

  • Brent crude futures fell 24 cents, or 0.4%, to $58.00 a barrel by 0442 GMT.
  • U.S. West Texas Intermediate crude was at $52.39, down 24 cents or 0.5%.
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Oil edges higher on supply worries ahead of US-China trade talks

CNBC

KEY POINTS

  • Brent crude rose 38 cents, or 0.7%, to $58.73 a barrel by 0344 GMT.
  • U.S. West Texas Intermediate (WTI) crude was at $53.08, up 33 cents, or 0.6%.
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More Political Instability in South America

Political instability has reared its head in another South American nation this week. On Tuesday, Ecuadorian President Lenin Moreno announced a multi-billion dollar fiscal reform package which would eliminate fuel subsidies. 214 more words

International Relations

War between Saudi Arabia and Iran would bring ‘total collapse of the global economy’ as oil rises to highs not seen in our lifetime, Saudi Crown prince warns

Saudi Crown Prince Mohammed Bin Salman warned that war between his country and Iran would lead to a “total collapse of the global economy” and should be avoided. 921 more words

Energy