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Business Saudi Arabia

  • OPEC's Vienna meeting comes down to negotiation tactics: Argus

    Alan Bannister of Argus Media says the meeting of OPEC and allies in Vienna to review production quotas is likely to be a negotiation on supply and demand aims.

  • Saudi stock exchange reached a 'milestone' with MSCI Em inclusion: CEO

    Khalid Al-Hussan of Saudi Arabia's Tadawul says the inclusion into the MSCI emerging markets index will likely bring in new flows from institutional investors.

  • The US decision to reimpose sanctions on Iran 'hovers' over OPEC meeting: Pro

    John Driscoll of JTD Energy Services says the Iran-U.S. disputes are an important backdrop for the OPEC meeting in Vienna today to consider higher oil production quotas.

  • OPEC and non-members including Russia have been participating since Jan. 1 last year in a deal to cut output by 1.8 million bpd. The arrangement runs to the end of 2018. OPEC ministers meet their non- OPEC counterparts on Saturday. Sources said a production rise of about 1 million bpd was emerging as a possible consensus for OPEC and its allies, adding that Iran...

  • Saudi Arabia's Oil Minister Khalid al-Falih listens during a news conference after an OPEC meeting in Vienna, Austria, November 30, 2017.

    De-facto OPEC leader Saudi Arabia is pushing for the 14-member oil cartel to increase crude production by 1 million barrels per day (bpd) this week.

  • The Saudi equity market will now represent 2.6 percent of the MSCI index, which in total is worth $1.9 billion, meaning the Saudi market's weight will be around $45 billion.

  • DUBAI, June 21- Saudi stocks rose on Thursday after the kingdom's bourse was granted inclusion by MSCI into the index provider's emerging markets benchmark. The Tadawul All-Share Index was up 0.3 percent at the opening bell in Riyadh, stock market data shows. Analysts estimate inclusion in MSCI's benchmark could lead to as much as $45 billion of new capital...

  • 'Structural' regulatory changes aided Saudi's MSCI EM inclusion: CIO

    Fadi Arbid of Amwal Capital Partners says a great deal of regulatory work in the past few years aided Saudi Arabia's inclusion in the MSCI emerging markets index.

  • Saudi Arabia may see a similar company growth path as the UAE: Advisor

    Sanjay Uppal of StraitsBridge Advisors says the MSCI EM inclusion of Saudi Arabia sets the stage to grow existing companies and create new businesses that will attract investors.

  • Saudi Arabia's stock market needs to show some depth: Strategist

    Rachel Ziemba of Alpha Z Advisors says the MSCI inclusion of Saudi Arabia is a good sign, but much of the country's economy remains driven by oil prices and government spending.

  • Saudi Arabia is already shipping more crude ahead of OPEC review: Analyst

    Matt Smith of ClipperData says OPEC will agree to a "moderate" easing of oil output curbs at its Friday meeting with allies to review global demand and supply.

  • An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia.

    Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and start including Saudi Arabia in that classification in a move that could be supportive of their local equities.

  • The last change occurred in November 2016, when OPEC and 10 non- OPEC countries agreed to cut output by a combined 1.8 million barrels per day from Jan. 1, 2017. OPEC and its allies meet on June 22-23 in Vienna and will discuss whether to ease the supply cut. Iraq- as basis for Riyadh cuts. ceiling. 7/ 8 Angola and Ecuador joined OPEC in 2007 and became included in the output...

  • The last change occurred in November 2016, when OPEC and 10 non- OPEC countries agreed to cut output by a combined 1.8 million barrels per day from Jan. 1, 2017. OPEC and its allies meet on June 22-23 in Vienna and will discuss whether to ease the supply cut. Iraq- as basis for Riyadh cuts. ceiling. 7/ 8 Angola and Ecuador joined OPEC in 2007 and became included in the output...

  • The last change occurred in November 2016, when OPEC and 10 non- OPEC countries agreed to cut output by a combined 1.8 million barrels per day from Jan. 1, 2017. OPEC and its allies meet on June 22-23 in Vienna and will discuss whether to ease the supply cut. Iraq- as basis for Riyadh cuts. ceiling. 7/ 8 Angola and Ecuador joined OPEC in 2007 and became included in the output...

  • The last change occurred in November 2016, when OPEC and 10 non- OPEC countries agreed to cut output by a combined 1.8 million barrels per day from Jan. 1, 2017. OPEC and its allies meet on June 22-23 in Vienna and will discuss whether to ease the supply cut. Iraq- as basis for Riyadh cuts. ceiling. 7/ 8 Angola and Ecuador joined OPEC in 2007 and became included in the output...

  • Three OPEC members- Iran, Venezuela and Iraq- have been reluctant to consent to a formal increase in OPEC's output target, agreed as part of a deal with Russia and other non-member producers and running until the end of 2018.. But on Wednesday, Iranian Oil Minister Bijan Zanganeh said OPEC members that had over-delivered on cuts should return to compliance with...

  • *Ecuador, Oman confident OPEC can agree output boost. *Trump wants OPEC to help lower oil prices. VIENNA, June 20- Iran signalled on Wednesday it could compromise on a small increase in OPEC oil output when the group meets this week, as Saudi Arabia scrambled to convince fellow members of the need for a larger rise in production.

  • *Ecuador, Oman confident OPEC can agree output boost. VIENNA, June 20- Iran signaled on Wednesday it could compromise on a small increase in OPEC oil output when the group meets this week, as Saudi Arabia scrambled to convince fellow members of the need for a larger rise in production. "OPEC could keep the same deal with compliance going back to 100 percent," said an OPEC...

  • Bijan Zanganeh, Iranian Oil Minister

    The U.S. trade dispute with China, in a roundabout way, could determine how successful the U.S. will be in sanctioning Iran's oil this time around — and that uncertainty is also playing out at OPEC.