Saudi Aramco is trading below the IPO price for the first time

FILE PHOTO: The Aramco logo is seen as security personnel standing before the start of an Aramco press conference at the Plaza Conference Center in Dhahran, Saudi Arabia, on November 3, 2019. REUTERS / Hamad I Mohammed DUBAI (Reuters) – Shares of Saudi Aramco (2222.SE) fell below their initial public offering price (IPO) on Sunday […]

Oil traders hit by an unexpected collapse in diesel fuel

NEW YORK / LONDON, March 4 (Reuters) – After strong profits in 2019, oil traders were hit hard in early 2020, losing tens of millions of dollars on bets on spreads of diesel prices due to a collapse unexpected demand in January, sources familiar with the matter said. The global oil industry expected this year […]

The Venezuelan PDVSA appoints a new vice president for supplies and exchanges between shakeups, sanctions – sources – Agricultural products

February 24 (Reuters) – Venezuelan state-owned oil company Petroleos de Venezuela has appointed an army lieutenant colonel with no apparent industry experience as vice president of its supply and trade division, according to two people familiar with the appointment. The move comes after the company, known as PDVSA, asked several vice presidents to step down […]