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Opec Output On Track For Eight-Year Low
...om falling further. With output down 560,000 b/d this year, it is on track to come in at 9.76mn b/d, the lowest annual figure since 2014. Arguably the biggest question oil markets have regarding Opec now is, for how long will Saudi Arabia continue bearing the brunt of the cuts? The kingdom plans to...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019 -
Aramco Prices IPO
...ibaba’s $25bn 2014 listing in nominal terms at least. Aramco confirms that Stabilizing Manager Goldman Sachs may yet increase the share issuance by 15% (450mn shares) to stabilize the market price. The stabilization period is 30 days from the date at which shares begin trading, and if implemented the move wo...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019 -
Egypt: Current Account Deficit Widens Despite Strengthening Growth
...ficit fell in dollar terms in 2016-17, as share of GDP the deficit peaked at 6.1% that year. Whilst Egypt’s current account notched up successive record deficits of $12.1bn and $19.8bn in 2014-15 and 2015-16, President Sisi’s first two full years in power, the country’s finances were bailed out by re...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019