Saudi Arabia is considering a dual listing as a way to reach investors beyond the local stock market for the sale of shares in state-owned oil giant Aramco, which could be the world’s largest initial public offering, the kingdom’s deputy crown prince said.
Apollo Global Management LLC and TPG Capital Management, the private equity firms that have struggled for years to salvage a $31 billion bet on troubled gambling company Caesars Entertainment Corp., see an opportunity in the oil crash.
Even if oil producers didn’t seal the output freeze deal they hoped would stabilize the market, they saw revenues soar in the run up to the failed meeting last weekend in Doha.
Oil traded near the highest level in almost five months after U.S. production dropped to the lowest since October 2014 and Iraq said producers plan a new push to agree on an output freeze in talks as early as next month.
The sharply divided US Senate has passed a comprehensive energy legislation for the first time in nearly a decade, forging a rare bipartisan compromise -- even if the result is far less ambitious than energy packages of years past.
JPMorgan Chase & Co. and Michael Klein, the former Citigroup Inc. investment banker who runs his own boutique, have been selected to advise on state-owned Saudi Arabian Oil Co.’s initial public offering, according to people familiar with the matter.
More affluent residents and citizens in oil-rich Persian Gulf countries are holding back on luxury spending, focusing instead on basic needs amid concerns over jobs and the health of the economy.
JPMorgan Chase & Co. and Michael Klein, the former Citigroup Inc. investment banker who runs his own boutique, have been selected to advise on state-owned Saudi Arabian Oil Co.’s initial public offering, according to people familiar with the matter.
Oil fell after Kuwait workers said they would end a strike that disrupted output in OPEC’s fourth-largest producer for three days.
Donald Trump and Hillary Clinton won their New York presidential primaries Tuesday, ending losing streaks for both campaigns and allowing the two front-runners to reassert control over their party nominating fights.
Oil traded near $40 barrel in New York as a strike in Kuwait cut output from OPEC’s fourth-biggest member, countering the bearish impact of a failed bid to reach an agreement to freeze production.
The Organization of Petroleum Exporting Countries will resume talks at a meeting in June to reach an agreement on freezing oil output, Iraq’s governor to OPEC said just days after politics thwarted a deal to cap production and curb the global glut.
Oil held near $40 a barrel as a strike in Kuwait cut output by more than half from OPEC’s fourth-biggest producer.
At least five people were killed after historic rainfall and floods hit Houston, Texas.
After taking over defense and economic planning, Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman has now stamped his authority over oil policy.
Keppel Corp., the world’s largest builder of oil rigs, said it won’t resume work for a key Brazilian client until the customer restarts making payments on its orders.
While talks among major producers to cap oil output in Doha fizzled, investment advisory firm Sanford C. Bernstein & Co. sees a silver lining: growing demand may bring one more super-cycle that allows investors to cash in on rising prices.
Commodity prices have probably bottomed amid brighter prospects for Chinese demand, a weaker dollar and signs of tighter supplies, according to Citigroup Inc.
Kuwait’s three oil refineries were operating at reduced rates on Monday on the second day of an open-ended labor strike.
If there's a certain retro feeling in the air, it's not just because everyone's talking about a Donald Trump presidential run and a song called "Me Myself & I" is in the charts. Oil markets are also starting to have a distinctly 1986 feel to them.
Hedge funds really wanted the Doha oil summit to work.
Oil tumbled by the most in two months after output talks Sunday between the world’s biggest producers ended without any agreement on limiting supplies, a diplomatic failure that threatens to renew the rout in prices.
Canada’s foremost oil-sector lobby group says a decision by the country’s highest court on indigenous rights will strengthen communities.
Goodrich Petroleum Corp. filed for Chapter 11 in a U.S. bankruptcy court to implement a financial reorganization after struggling to restructure its debt amid declining energy prices.
An American citizen and a Chinese nuclear power company were indicted by the U.S. government for conspiracy to illegally produce nuclear material outside the country without Energy Department authorization.
