CEO Peter Rawlinson poses at the Lucid Motors plant in Casa Grande, Arizona, U.S. September 28, 2021. Caitlin O’Hara | Reuters Electric luxury vehicle maker Lucid Group said Thursday it now has more than 30,000 reservations for its Air sedan — but any customers making reservations after June 1 will have to pay higher prices. Lucid said that it will …
Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani Yasser Al-Zayyat | AFP | Getty Images Qatar’s foreign minister has said the conflict in Ukraine, and its geopolitical ramifications, is pushing some countries to explore new ways of pricing oil — not in the dollar. The comments, made Saturday by Mohammed bin Abdulrahman Al-Thani, come after a Wall Street Journal …
Smoke billows from an oil storage facility in Saudi Arabia’s Red Sea coastal city of Jeddah on March 25, 2022. Andrej Isakovic | AFP | Getty Images A huge plume of smoke could be seen above an oil facility in the Saudi city of Jeddah on Friday, according to multiple media reports, with Yemen’s Houthi group claiming they had attacked …
Three million barrels per day (bpd) of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, the International Energy Agency said Wednesday. “The prospect of large-scale disruptions to Russian oil production is threatening to create a global oil supply shock,” the Paris-based firm said in its monthly oil report, adding that …
Market pros are watching to see if the top could be in for oil for now, since it could signal a bottom is in for the stock market. Source link
Abu Dhabi city skyline, United Arab Emirates. kasto80 | iStock | Getty Images DUBAI, United Arab Emirates — The recent volley of missile and drone attacks on UAE capital Abu Dhabi shook the Gulf and rattled local markets. While such events are far from uncommon in the Middle East, they were jarring in a country reputed for its safety and …
Mobility start-up Lime is planning to launch its e-scooter and e-bike rental service across the Middle East over the next two years. Lime CEO Wayne Ting told CNBC’s Dan Murphy that the company is running a small trial in Dubai and plans to launch permanent operations in the next couple of months. “Our vision is to invest in the Gulf …
Shares of Saudi Tadawul Group, the owner of the kingdom’s $2.5 trillion dollar bourse, soared more than 20% on debut Wednesday as the appetite for Gulf listings heats up. “Today we mark a significant milestone for our transformation,” Saudi Tadawul Group CEO Khalid Al Hussan told CNBC’s Dan Murphy on Wednesday. Priced at 105 Riyals ($27.99) per share and oversubscribed …
Boeing 787 Dreamliner Saudi Arabian. Aircraft to Fiumicino Leonardo da Vinci Airport. Fiumicino (Italia), Nov. 11, 2021 Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio via Getty Images Saudi Arabian Airlines has signed an agreement with CFM International worth $8.5 billion at list prices, the carrier said in a statement on Saturday. The state-owned carrier, also known as Saudia, said “it has ordered …
Oil rigs work on platforms in Gaoyu Lake in Gaoyou in east China’s Jiangsu province Friday, Sept. 17, 2021. Barcroft Media | Getty Images OPEC and non-OPEC oil producers, an influential group known as OPEC+, will meet on Thursday to decide on the next phase of output policy. The energy alliance will convene via videoconference to determine whether to stick …
