The Organization of the Petroleum Exporting Countries and allies led by Russia, or OPEC+ kept the oil output policy unchanged at their meeting conducted on Thursday, but hinted at plans to start unwinding one layer of output cuts from October, and repeated that the hike could be paused or reversed […]
saudi arabia
Saudi Arabia will raise $11.2 billion from Saudi Aramco’s mega stock offering, the biggest such deal globally in about three years. The share sale deal will help fund a multitrillion-dollar push to transform the kingdom’s economy. The Saudi government will sell almost 1.55 billion shares for 27.25 riyals ($7.27) apiece, […]