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Saudi Aramco looks at new ventures around globe

  Reuters Saudi state oil company Saudi Aramco wants to expand globally and is looking at potential joint ventures in several countries, including Indonesia, India, the United States, Vietnam and China, chief executive Amin Nasser said. “We are looking at the current market status that, even though challenging, is an excellent opportunity for growth,” he told reporters during a rare ...

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UK industrial output grew less than forecast in March

  Bloomberg U.K. industrial production grew less than forecast in March as manufacturing barely rose and oil and gas output shrank. Output rose 0.3 percent, less than the 0.5 percent gain predicted in a Bloomberg survey of economists, figures from the Office for National Statistics published on Wednesday show. It followed a 0.2 percent decline in February. Factories increased production ...

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Norway increases oil wealth spending to ward off recession

  Bloomberg Norway’s government boosted the amount of oil money it will spend this year to a record, dipping deeper into its sovereign wealth fund to ward off a recession. The government will use 205.6 billion kroner ($25 billion) of its oil wealth, up from the 195.2 billion kroner it estimated in October, according to the budget released in Oslo ...

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