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Posts published in “Business”

Saudi Oil Giant Aramco Pushes IPO to Record $29.4 Billion

DUBAI, UNITED ARAB EMIRATES - Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, more than previously announced, after the company used a so-called greenshoe option to sell millions more shar...

OPEC Prices Significantly Downed

The price of OPEC basket of fourteen crudes stood at $67.26 a barrel on Thursday, compared with $69.60 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Al...

OPEC Prices Significantly Downed

The price of OPEC basket of fourteen crudes stood at $67.26 a barrel on Thursday, compared with $69.60 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Al...

Asian Shares Rise

Tokyo Asian shares rose Friday, AP reported.Japan's benchmark Nikkei 225 edged up 0.5% to finish at 23,850.57. Australia's S and P/ASX 200 rose 0.8% to 6,929.00. South Korea's Kospi gained 0.9% to 2,206.39. Hong Kong's Hang Seng is up 0.2% at 28,607.79...

Oil Price Keeps Rising as Industry Eyes Iran-US Conflict

PROVIDENCE, RHODE ISLAND - The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States.The Brent contract for...

Oil Price Keeps Rising as Industry Eyes Iran-US Conflict

PROVIDENCE, RHODE ISLAND - The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States.The Brent contract for...

OPEC production fell last month

Baghdad, The Organization of Petroleum Exporting Countries (OPEC) production decreased last month./ Reuters / reported that OPEC oil production declined in December, in light of more commitment on the part of Nigeria and Iraq to the reductions that wer...

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