SoftBank is trying to attract investment in a second mammoth fund, with Vision Fund portfolio company WeWork withdrawing its initial […]
Tag: Abu Dhabi
Expectations for production cuts, Oil rises for the fifth day
Prince Abdulaziz bin Salman, Saudi Arabia’s new energy minister and a longtime member of the Saudi delegation to the Organization […]
OPEC production increases for the first time since the start of the 2019 harvest
OPEC and its partners, a 24-nation coalition known as OPEC +, agreed to cut output by 1.2 million barrels per […]
Uptick in 2020, Vitol sees further slowdown in oil demand growth
“We are constantly revising our expectations for growth downward,” Hardy said Wednesday. The world’s largest independent oil trader expects demand […]
Abu Dhabi’s IPIC files lawsuit against Goldman Sachs, others over 1MDB case
Abu Dhabi’s International Petroleum Investment Co (IPIC) said on Wednesday it had filed a lawsuit against U.S. investment bank Goldman […]
OPEC, partners discuss oil supply cut of up to 1.4 million bpd: sources
OPEC and its partners are discussing a proposal to cut oil output by up to 1.4 million barrels per day […]
U.S. firm to start building hyperloop track in Abu Dhabi next year
A U.S. company plans to start building an ultra-fast hyperloop track for Abu Dhabi’s transport system in the third quarter […]
