Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal, sources familiar with the matter said on Monday. Potential bidders including North American private equity and infrastructure funds, as well as state-backed … Read more
MOSCOW/DUBAI/LONDON: OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic. The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 to overcome differences between Saudi Arabia … Read more
OPEC+ ministers will meet on Sunday in another attempt to agree a quick oil supply boost to address soaring oil prices as the global economy recovers from the coronavirus pandemic. The group, which includes OPEC countries and allies like Russia, had earlier this month failed to resolve disagreement over a new output policy between Saudi … Read more
BENGALURU: Indian stocks won’t return to their pre-COVID-19 levels this year despite a rally in recent months because companies face further difficulties and a market correction is likely, a Reuters poll of equity strategists found. The benchmark BSE Sensex Index has rallied over 50% from a record low hit on March 24, a day before … Read more
MOSCOW: Russia is preparing to start a mass vaccination campaign against the novel coronavirus in October, Health Minister Mikhail Murashko said on Saturday, RIA news agency reported. The minister, who did not give details about the vaccine to be used, said doctors and teachers would be the first to be vaccinated. A source told Reuters … Read more