Saudi Aramco valuation gap might complicate its IPO
While Saudi Crown Prince Mohammed Bin Salman is insisting on a US$2 tn valuation, bankers value the company at $1.5 tn...
Tag : OPEC
Russia will decide OPEC oil cuts extension depending on the market
President Putin said Russian companies have new plans to develop fields which “should be taken into account”...
OPEC members to decide on oil prices this week
OPEC is scheduled to meet this week in Vienna to discuss raising production rates, ahead of a meeting with Russia and non-OPEC members ...
‘Artificial’ surge in crude prices signals borderline market risk, economist warns
Tressis Gestion chief economist Daniel Lacalle told CNBC, sudden surge in oil prices will help to indicate energy market’s upcoming critical point...
Majority of OPEC members support extending oil output cuts, says Iran’s oil minister
OPEC will meet at the end of the month to discuss the policy...
Iran oil exports record 8-month rise
The rise came as Iran, together with Iraq took advantage of production cuts implemented by Saudi Arabia...
Saudis see no need to extend OPEC deal beyond six months
Following the announcement by Saudi Arabia’s Energy Minister Khalid Al-Falih on Monday, oil prices fell...
Informal OPEC meet in September does not raise hopes
Experts do not expect a major impact on oil price IFM Correspondent August 17, 2016: The past week saw OPEC announcing plans for an informal meet at the International Energy Forum in late September. The announcement comes at a time when Saudi Arabia is pumping a record amount of oil and Iran is resuming production...
OPEC meet maintains status quo
Oil output levels won’t change; members say market should influence price IFM Correspondent June 3, 2016: The price of oil rose slightly despite OPEC producers failing to come up with a solution to curb output at their meeting on Thursday. Brent crude on Thursday ended at $49.94 a barrel, 0.4% higher. The new oil minister...
Oil at $50 is not a cause for concern
Experts say the quantum of price increase is not difficult to absorb IFM Correspondent May 27, 2016: After hovering around $30 per barrel for close to five months, oil price is finally heading northwards. The price touched $50 a barrel — around 70 per cent up on its February low. It is a rapid climb,...