Saudi Arabia's energy minister, Khalid al-Falih, denied reports that the kingdom has scrapped plans to list shares of state-owned energy giant Aramco. Alejandro Barbajosa of Argus Media weighs in. Source: CNBC RSS...
Saudi Arabia's national oil company has postponed its potentially record-breaking initial public offering, but Saudi Aramco is now pursuing various alternative transactions to support its big spending plans. NYT reports. Source: CNBC RSS...
Traders said the supply versus demand outlook for oil markets was relatively tight because of the looming U.S. sanctions against Iran that will target oil exports in November. Source: CNBC RSS...
Hawaii still burns oil to generate most of its electric power. Hurricane Lane threatens to disrupt the seaborne supply of fuel into the archipelago and throughout the island state. Source: CNBC RSS...
Government data show the coal mining industry added about 2,000 jobs under President Donald Trump, but the change is so small that economists aren't confident employment levels actually budged. Source: CNBC RSS...
The EVs are set to be rolled out from the beginning of 2019, Grab said Thursday. Source: CNBC RSS...
After Berlin, fleets will be rolled out to other cities in Europe and North America. Source: CNBC RSS...
An extensive construction project means that bigger ships can now pass through the Panama Canal. Source: CNBC RSS...
Khalid al-Falih, the Saudi minister of Energy, Industry and Mineral Resources and chairman of Saudi Aramco, said in a statement on Thursday: "The Government remains committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum." CNBC's Dan...
International oil prices declined on Thursday amid an escalation in the trade spat between the U.S. and China. Source: CNBC RSS...