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Marketplace

Holiday hiring hustle and bustle

Nov 15, 2019

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What investors need to see in Saudi Aramco's IPO prospectus

by Justin Ho Oct 18, 2019
The state-run oil giant is notoriously opaque. But as it moves forward with going public, prospective investors have been demanding details about how the company is run.
Amin Nasser, CEO of Saudi state oil company Aramco, speaks at the 24th World Energy Congress in Abu Dhabi in September.
Karim Sahib/AFP/Getty Images

IEA releases new oil market numbers amid demand concerns

by Scott Tong Oct 11, 2019
Demand for oil is growing, but barely; it's at the lowest rate in a decade.
KAREN BLEIER/AFP/Getty Images

Saudi Arabia announces new chapter in diversifying economy away from oil: tourist visas

by Scott Tong Sep 27, 2019
For the first time, the conservative kingdom is opening up to tourists from more than 40 countries.
A view of Riyadh, the Saudi capital, in 2007.
Hassan Ammar/AFP/Getty Images

Oil prices rise on Mideast risk assessment

by Scott Tong Sep 16, 2019
The 14% spike, following a weekend attack on a key Saudi oil production facility, reflects what traders consider a "Gulf premium" based on new oil supply risks.
Smoke billows from an Aramco oil facility in Abqaiq in Saudi Arabia's eastern province on Sept. 14 after drone attacks sparked two fires.
AFP/Getty Images

Will oil price spike lead to higher prices at the pump?

by Victoria Craig Sep 16, 2019
A look at what a drone strike on oil reserves in Saudi Arabia could mean for consumers.
Justin Sullivan/Getty Images

Russia plays oil diplomacy card in Middle East

by Scott Tong May 10, 2019
Russia has leveraged its oil and gas market power to enhance its influence in the Middle East, just as the U.S. is pulling back from the region.
The Organization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria in 2016.
Joe Klamar/AFP/Getty Images

Saudi oil company profits impress

by Scott Tong Apr 1, 2019
What’s the most profitable company on earth? We’ll give you three guesses. Nope, not Apple. Google? Try again. Exxon Mobil – wrong. It’s the national oil company of Saudi Arabia. Known as Saudi Aramco, it’s the runaway leader, according to…

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What does this week's OPEC summit have to do with Cinderella?

by Scott Tong Dec 5, 2018
The real action at the oil meeting in Vienna might be in a stairwell.
Participants attend the opening session of the 15th International Energy Forum in Algiers on Sept. 27, 2016. 
RYAD KRAMDI/AFP/Getty Images

OPEC set to meet with an eye on cutting oil production

by Jed Kim Dec 5, 2018
OPEC oil producing countries are scheduled to meet in Vienna on Thursday to discuss possible production cuts as a way to boost prices. Oil prices have been sliding in recent months. At the recent G-20 meeting, Russian and Saudi Arabian…

Will the Saudi-Russian oil alliance hold as production cuts are mulled?

by Scott Tong Nov 12, 2018
The price of oil is at its lowest in almost a year. Now officials from Saudi Arabia are suggesting they might cut supply to arrest the falling price. President Donald Trump on Monday said he hopes Saudi Arabia and OPEC…
Russian President Vladimir Putin shakes hands with Saudi Crown Prince Mohammed bin Salman during their meeting at the Kremlin in Moscow on June 14, 2018. 
Yuri KADOBNOV / AFP