Energy & Precious Metals - Weekly Review and Outlook
By Barani Krishnan Investing.com -- “Woo-hoo! Gasoline prices are below $4.00 a gallon! Inflation came in lower than expected! I hope you enjoy this wonderful economic news but I’m afraid to...
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Saudi Aramco News & Analysis
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ETF Prime: Nadig Talks Single Security ETFs, Influencers, and More
On this week’s ETF Prime, VettaFi’s Financial Futurist Dave Nadig discusses the recent wave of single security ETFs, “social influencer” product filings, and Night Shares. BondBloxx’s JoAnne...
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Oil Recovery Runs Out of Gas on Fears of a Supply Glut
By Ambar Warrick Investing.com-- Oil prices sank on Thursday, cutting short a recent recovery as traders feared a revived Iran Nuclear Deal and increased output from Russia would flood the...
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Why Aramco Is Nothing Like The Other Oil Majors
The world’s biggest oil company by production and market capitalization, Saudi Aramco, joined this week many of the international oil majors in reporting record second-quarter profits amid...
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Oil Takes Some Relief From Lower U.S. Inventories, Iran Deal in Focus
By Ambar Warrick Investing.com-- Oil prices rose slightly on Wednesday after three straight days of losses as data indicating a bigger-than-expected drop in U.S. crude inventories helped...
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Dow Futures Down 80 Pts; Home Depot Q2 Impresses, Walmart Due
By Peter Nurse Investing.com -- U.S. stocks are seen opening with small losses Tuesday, handing back some of the previous session’s solid gains with quarterly reports from retail...
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European Stocks Edge Higher; BHP Soars After Bumper Profits
By Peter Nurse Investing.com - European stock markets edged higher Tuesday, helped by strong earnings from mining giant BHP Group ahead of the release of key German ZEW sentiment data. By...
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European Stock Futures Largely Flat; BHP Group Reports Bumper Profits
By Peter Nurse Investing.com - European stock markets are struggling for direction Tuesday, with concerns about slowing global growth competing with strong BHP Group earnings ahead of the...
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Oil Hovers Near 6-Mth Lows as China Woes, Saudi Supply Glut Weigh
By Ambar Warrick Investing.com-- Oil prices recovered some ground in Asian trade on Tuesday, but hovered around six-month lows on concerns over waning Chinese demand and a Saudi Arabian...
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Crude Oil Slumps; Chinese Data, Additional Supply Weigh
By Peter Nurse Investing.com -- Oil prices slumped Monday, weighed by concerns over slowing Chinese economic growth as well as raised potential for increased supply from both Iran and...
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Dow Futures Down 165 Pts; Earnings Due From Retail Sector
By Peter Nurse Investing.com -- U.S. stocks are seen opening lower Monday, handing back some of last week’s decent gains ahead of a big earnings week in the retail sector. At 07:00 ET...
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Chinese Rate Cut, Aramco Profit, German Gas Levy - What's Moving Markets
By Geoffrey Smith Investing.com -- China's central bank unexpectedly cuts a key rate as growth slows across the economy. Saudi Aramco (TADAWUL:2222) beats its own record for the world's...
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European Stocks Edge Higher; Weak Chinese Data Hits Sentiment
By Peter Nurse Investing.com - European stock markets largely edged higher Monday, starting the new week on a cautious note as investors digested weak Chinese economic data. By 04:15 ET...
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European Stock Futures Mixed; Chinese Economy Slows
By Peter Nurse Investing.com - European stock markets are expected to open in a mixed fashion Monday, starting the week on a cautious note amid concerns about slowing global growth after...
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Oil Prices Ease To Below $98 A Barrel, Extend Losses On Supply Boost News
Oil prices dropped for a second session on Monday after the head of the world's top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore US Gulf of...
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Oil prices ease as Aramco says ready to boost crude output
By Florence Tan SINGAPORE (Reuters) – Oil prices dropped for a second session on Monday after the head of the world’s top exporter, Saudi Aramco, said it is ready to ramp up output while...
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Saudi Aramco expects the recovery in oil demand to continue for the rest of the decade
Saudi Aramco announced Q2 results on Sunday. Huge revenues, huge profits is the TL;DR summary. As part of the announcement were comments pertinent to their outlook:will reduce debt and...
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Saudi oil giant Aramco tops own record with $48-billion profit in Q2
The company is using the windfall to reduce debt and invest in a huge expansion of its production capacity, rather than boost payouts to shareholders
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Saudi Aramco’s profits jump 90%, high oil prices help earn $88 billion in first half
The increase is a boon for the kingdom and the crown prince's spending power as people around the world pay higher gas prices at the pump while energy companies rake in top earnings.
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High oil prices help Saudi Aramco earn $88 billion in first half
Aramco's net profits were helped by strong second-quarter earnings ending in June that hit $48.4 billion - a figure higher than all of the first six months of 2021, when profits reached just...
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Lower throughput in China in July
China’s crude throughput likely fell in July, weighed on by maintenance at state-owned refineries and amid uneven oil product demand recovery and limited exports. The country’s four...
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Saudi crude prices to Asia may hit record highs in September
Top oil exporter Saudi Arabia could raise September crude prices for customers in Asia for a third month even though refining margins have declined as high fuel prices and persistent...
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Saudi Aramco Acquires Valvoline Global Products Business for $2.65bn
By Sam Boughedda Valvoline (NYSE:VVV), the vehicle care products company, announced Monday that it is selling its Valvoline's Global Products business for $2.65 billion in cash to Saudi...
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Valvoline fuels retail drive with $2.65 billion lubricants unit sale to Saudi Aramco
(Reuters) -Valvoline Inc is selling its unit that makes lubricants, coolants and other automotive products to state-owned Saudi Aramco for $2.65 billion in cash to sharpen focus on its...
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Valvoline to sell Global Products business to Aramco for $2.65 billion in cash
Valvoline Inc. , a provider of automotive oil, additives, and lubricant, said Monday it has reached an agreement with Aramco to sell its global products business for $2.65 billion in cash....
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Oil Eyes Another Monthly Loss for July, But Holds Above $100 Pre-OPEC
By Barani Krishnan Investing.com -- For the oil market, the fear of OPEC is greater than the fear of an implied U.S. recession. U.S. crude returned above the key $100 per barrel the first...
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Saudis Say Oil Decisions Are for OPEC+ as Biden Leaves Kingdom
(Bloomberg) -- Saudi ministers insisted that oil policy decisions would be taken according to market logic and within the OPEC+ coalition, just as US President Joe Biden wrapped up a...
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With world in energy shock, Saudi oil cushion gets very thin
When French President Emmanuel Macron whispered in Joe Biden’s ear last month that top global oil exporter Saudi Arabia has very little additional capacity to increase output, the U.S....
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Saudi crude oil price hike set to collide with recession fears
Consider the following to show just how weird global crude oil markets are currently. Saudi Arabia raised the selling price of its crude oil for Asia on July 5 to just below a record high,...
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Saudi refining capacity rises 14% in 2021
Saudi Arabia’s refining capacity rose 13.7% in 2021, one of the biggest increases among its peers, as the world’s largest exporter for crude continues to expand its downstream capabilities,...
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OPEC+ Ratifies August Supply Hike, Next Move Left Unresolved
(Bloomberg) -- Sign up for our Middle East newsletter and follow us @middleeast for news on the region.The OPEC+ coalition ratified an oil-production increase that completes the return of...
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MicroStrategy Bulls Unfazed by Double Dose of Pain
(Bloomberg) -- Shares of MicroStrategy Inc . (NASDAQ:MSTR) have been hit hard this year as its once-winning approach of being a tech company that also holds billions of dollars in...
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Top 100 global firms' market cap reaches $31.7 tn, Apple leads
New Delhi, June 12 (IANS) The market capitalisation of the top 100 companies globally increased from $10.3 trillion to $31.7 trillion, an increase of 48 per cent, from March 2020 till March...
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Oil Dips After Piercing $120 as U.S. Inflation, GDP Worries Bite
By Barani Krishnan Investing.com -- Oil surged to near three-month highs above $120 a barrel in Monday’s session before turning lower on profit-taking and worries about hurt to the U.S....
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Oil Rises After Crude Price Hike by Saudi Arabia
By David Ho Investing.com – Oil was up on Monday morning in Asia after Saudi Arabia raised the price steeply for its crude sales in July, a sign that supplies remain tight even though OPEC+...
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Oil Rises to Three-Month High as Saudis Signal Demand Confidence
(Bloomberg) -- Oil extended gains to the highest level in almost three months after Saudi Arabia signaled confidence in the demand outlook by increasing the price of its crude for Asia by...
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Weekly Comic: The Pain of High Oil Prices
By Geoffrey Smith Investing.com -- The pain of high oil prices is being felt around the world and, as so often before, it looks like the only cure for high prices is…high prices. In...
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Apple Stagnation, NVIDIA Earnings, GDP Revision - What's Moving Markets
By Geoffrey Smith Investing.com -- Nasdaq futures are underperforming again in premarket as stagflation hits Apple and NVIDIA. The U.S. will publish revised GDP figures for the first...
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Saudi Aramco Is Said To Weigh IPO Of Trading Unit Amid Oil Boom - Bloomberg
Saudi Aramco (TADAWUL:2222) Is Said To Weigh IPO Of Trading Unit Amid Oil Boom -...
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OPEC+ Ministers Say Pumping More Oil Won’t Ease Gasoline Prices
(Bloomberg) -- Saudi Arabia’s energy minister said a dearth of refining capacity meant that gasoline and other oil products would remain expensive even if the world’s biggest exporters...
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Crude Oil Lower on Weak Chinese Data; EU Oil Ban Eyed
By Peter Nurse Investing.com -- Oil prices weakened Monday on signs that COVID lockdowns were severely hitting demand from China, the largest importer of crude in the world but remain...
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Wheat Price Surge, Chinese Slump, JetBlue Tender - What's Moving Markets
By Geoffrey Smith Investing.com -- Wheat prices shoot to a two-month high after India bans exports, stoking fears of a global food shortage. JetBlue goes hostile in its bid for Spirit....
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Consumer Sentiment, Affirm Earnings, Robinhood Stock: 3 Things to Watch
By Liz Moyer Investing.com -- U.S. stocks stumbled on Thursday yet again, on lingering concerns that inflation pressures will force the Federal Reserve to act more aggressively on interest...
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Stock Market Today: Dow Slips to Fresh 2022 Low as Inflation Keeps Tech in Wreck
By Yasin Ebrahim Investing.com -- The Dow plunged to fresh lows for the year Wednesday as an ugly reversal in tech fueled a broader selloff after data showing inflation remains near 40-year...
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S&P 500 Pushed Lower as Tech Wreck Continued After Inflation Remains Hot
By Yasin Ebrahim Investing.com -- The S&P 500 fell Wednesday under pressure from an intraday reversal in tech after hotter-than-expected inflation data exacerbated fears of more aggressive...
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Norway, Singapore Wealth Funds Invest in India’s Largest IPO
(Bloomberg) -- India’s largest ever public offering drew anchor investors including Norway’s sovereign wealth fund and the Singaporean government, raising 56.3 billion rupees ($736 million)...
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