The Riyadh initial public offering of Saudi Aramco Base Oil Co., a refining unit of the state-owned oil producer, was covered within hours of the company opening its books, continuing the strong demand for Middle Eastern share sales.
Commerce Department’s trade probe findings threaten to chill planned US solar panel projects.
The cryptocurrency space is undergoing one of its roughest stretches in memory, with trouble brewing at exchanges and lenders, and token prices collapsing. But one company has been able to ride out the volatility.
OPEC+ responded to surging volatility and growing market uncertainty by keeping its oil production unchanged.
President Volodymyr Zelenskiy called the $60 per barrel price cap on Russian crude a sign of weakness toward Moscow. The cap agreed on by European Union countries is higher than the price at which Russian oil has been trading recently, and the Kremlin said it’s preparing a workaround in any case. Russia’s deputy prime minister warned Russia could “somewhat reduce output” in response.
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