Expect Higher Oil Prices As OPEC Clashes With Trump
The ongoing turf war between U.S. president Donald Trump and OPEC+ where the oil market needs to be heading is again heating up. With a barrage of accusations, Trump has Continue Reading
Fixing Lebanon’s ruinous electricity crisis
Lebanon’s electricity crisis has pushed it to the brink of financial ruin, as power cuts hobble the economy and subsidies have racked up one of the world’s largest public debt Continue Reading
This Is the Algerian End Game That Has Oil Investors Worried
Protests that erupted six weeks ago in Algeria have now transformed into a million-strong force against aging Algerian strongman President Abdelaziz Bouteflika, with Exxon having already called the political unrest Continue Reading
Saudi Aramco gets first credit ratings ahead of bond debut
Saudi Aramco, the world’s top oil producer, has been rated A+ by Fitch and A1 by Moody’s in its first-ever credit ratings, ahead of the state oil giant’s first global Continue Reading
Aramco to pay $69.1 billion SABIC acquisition in tranches: document
Saudi Aramco intends to pay for its $69.1 billion acquisition of a majority stake in Saudi Basic Industries Corp’s (SABIC) in separate tranches, according to a presentation given by Aramco Continue Reading
Aramco Is the World’s Most Profitable Company, Ratings Agencies Say
Saudi Aramco made $111 billion in net income last year, according to rating agency Moody’s Investors Service, making the oil and gas firm the most profitable company in the world. Continue Reading
Poor air quality to remain a problem in India despite pollution control policies
According to an independent study by the International Institute for Applied Systems Analysis (IIASA) and the Council on Energy, Environment, and Water (CEEW), more than 674 million Indian citizens are Continue Reading
China March factory activity grows for first time in four months, but exports weak
Factory activity in China unexpectedly grew for the first time in four months in March, an official survey showed on Sunday, suggesting government stimulus measures may be starting to take Continue Reading
China to build 6-8 reactors a year to meet 2030 goals: exec
China will be able to build six to eight nuclear reactors a year once the approval process gets back to normal in the near future, the chairman of the state-owned Continue Reading
After China’s deadly chemical disaster, a shattered region weighs cost of the rush to ‘get rich’
A deadly factory explosion in 2007 didn’t kill Ren Guanying. Nor did the chlorine gas leak that sparked mass panic in 2010. When countless smaller industrial accidents struck this smog-choked Continue Reading