World’s largest oil company to pay $75 billion annual dividend, despite plunge in profits
Saudi Aramco is the national energy company of Saudi Arabia.
Saudi Aramco is the national energy company of Saudi Arabia.
In recent weeks, oil demand has really suffered a setback.
Brent crude is expected to stay below the $45 resistance levels in the coming days.
Crude oil prices started the trading week at London's session with a decline, due to growing concerns on oil glut. ...
The poor earnings results recorded by the two oil juggernauts saw their stock prices tank to record lows.
The low volatility in Brent crude was largely attributed to many oil traders staying on the sidelines.
Nigeria relies on India for over 15% of export earnings
Brent crude gained 0.30% to $43.69 as of 8: 20 AM GMT.
Commodities play a vital role in Nigeria’s economy, accounting for more than 90% of its export.
Having the hedge in place has protected Mexico from the plunge.
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