Tag: oil shares
While a series of attacks on tankers and energy facilities in the Middle East have provided some temporary support to prices, oversupply remains the key concern for the market.
Profit for the first six months of the year plunged 55% to US$1.47 billion, says SABIC.
Oil is set for the biggest weekly decline since May as global demand concerns outweigh both an Opec+ extension pact and Iran tension worries.
Venturing beyond bonds from state-owned issuers in China often involves more than just assessing credit risk for the investors.
Oil rebounds as a drop in US gasoline supplies help crude prices shrug off their biggest decline in a month.
Petroleum-linked shares tumble with oil prices as Wall Street stocks finish a choppy session higher, with the S&P 500 at a second straight record.
Oil edges lower as investors weigh troubling economic data from around the world against Opec’s extension of output cuts into 2020.
Rising tensions in the Gulf region aren’t stopping foreign investors from supporting Saudi Arabian stocks, just four years after funds from abroad were first allowed to trade directly in Riyadh.
Tensions between the US and Iran are stoking as conflicting narratives about a pair of attacks on tankers led to Trump vowing to bar Tehran from closing a key oil shipping lane.