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Saudi oil minister sees output freeze ‘positive’

  Bloomberg Saudi Arabia’s energy minister said an oil-output freeze would be “positive” if it happens, while ruling out a cut in production. Iran’s oil minister became the latest OPEC member to say he will attend a meeting of producers in Algiers next month to discuss market conditions, including the possibility of keeping crude production at current levels. Saudi Arabia ...

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Saudi Sadara starts first mixed-feed cracker

Reuters Sadara Chemical, a $20 billion petrochemical joint venture between national oil giant Saudi Aramco and Dow Chemical, has started operating its mixed-feed cracker at the venture’s petrochemical complex in Jubail. The facility on the Gulf coast of Saudi Arabia, the first mixed-feed cracker in the six-nation Gulf Cooperation Council, can process both ethane and naphtha. Sadara Basic Services Co, ...

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The snooze economy

  Call it the Snooze Economy. Roughly two months before the presidential election, the economy has turned both boring and mystifying. It hardly impresses anyone, and yet this plodding performance is probably helping Hillary Clinton by minimizing bad economic news. More important: The lackluster expansion, if continued for a few more years, would represent an enormous achievement. It would finally ...

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