Wednesday , 17 December 2025

Recent Posts

Saudi Crown Prince seen keeping oil policy aimed at higher price

Bloomberg Saudi Arabia’s new Crown Prince Mohammed bin Salman will need higher crude prices to push ahead with his plans to reform the kingdom’s economy, making an about-face in oil policy unlikely in the short term. Yet, oil markets will be braced for an even more assertive Saudi Arabia in foreign policy. MbS, as the 31-year-old prince is known, has …

Read More »

Sinochem mulls listing oil assets in Hong Kong

Bloomberg China’s Sinochem Group is considering listing its oil-related business in Hong Kong, according to people with knowledge of the plan. The state-owned chemicals conglomerate is making ini- tial evaluations of its oil assets, which have a combined va- lue of around 100 billion yuan ($14.6 billion), said the people, who asked not to be identified as the information is …

Read More »

Oil extends drop into bear market as supply remains plentiful

Bloomberg Oil slid further into a bear market as rising global supply is countering efforts by OPEC and its allies to drain a glut. Futures fell as much as 1.1 percent in New York after front-month prices closed on Tuesday more than 20 percent below their February peak. Libya, exempt from the OPEC-led output cuts, is pumping the most in …

Read More »