BlackRock's Larry Fink says investors are doing "far better" but he warns that some years could be much worse.
*OPEC- led cuts may be extended beyond March 2018. *Minister says OPEC, others keeping options open. RIYADH, Oct 24- The world's top oil exporter Saudi Arabia is determined to reduce inventories further through an OPEC- led deal to cut crude output and raised the prospect of prolonged restraint once the pact ends to prevent a build up in excess supplies.
CNBC'S Andrew Ross Sorkin reports Klaus Kleinfeld will be working on a economic zone that will be created in Saudi Arabia.
*OPEC- led cuts may be extended beyond March 2018. *Minister says OPEC, others keeping options open. RIYADH, Oct 24- The world's top oil exporter Saudi Arabia is determined to reduce crude inventories further through an OPEC- led deal to cut output and raised the prospect of prolonged restraint once the pact ends to prevent a build up in excess supplies.
Matt Smith, ClipperData director of commodity research, provides insight to the oil market ahead of Saudi Aramco's IPO.
Saudi Aramco CEO Amin Nasser says U.S. shale oil drillers will eventually burn through their best acreage.
CNBC's Andrew Ross Sorkin talks to Saudi Aramco CEO Amin Nasser about the global oil market and crude prices.
The kingdom is embarking on a big experiment as it diversifies its oil-based economy, and executives looking for investment are making their pitches.
RIYADH, Oct 24- Saudi Energy Minister Khaled al-Falih said on Tuesday that there was flexibility and options were open on an OPEC- led oil output reduction agreement. Falih, who holds the rotating presidency of OPEC, said monitoring was under way on compliance with the deal but he was satisfied and focused on everyone working together. Falih added that oil...
*Japan's Nikkei extends 16- day winning streak. LONDON, Oct 24- European stocks dipped and bond yields drifted higher on Tuesday, as data from the euro zone's top economies bolstered the case for the European Central Bank to signal a sizeable cut this week to its stimulus measures. The pan-European STOXX 600 index was broadly flat meanwhile, with London's FTSE 100...
The absence of Jamie Dimon from Saudi Arabia's Future Investment Summit should not be seen as a sign that Saudi Aramco's upcoming IPO is in trouble, Deutsche Bank's Jamal Al Kishi told CNBC on Tuesday.
Yasir O. Al-Rumayyan, managing director and member of the board of the Saudi Public Investment Fund, speaks about the future of work.
RIYADH, Saudi Arabia— Saudi Arabia on Tuesday opened a major investment conference aimed at shining a spotlight on the country's efforts to overhaul its economy and society after being jolted into action following a plunge in oil prices that threatened the kingdom's main source of revenue and its long-term stability. Saudi Arabia says that that through the...
Saudi Aramco CEO Amin Nasser speaks about alternative fuels and the rise of electric cars.
Yasir O. Al-Rumayyan, managing director and member of the board of the Saudi Public Investment Fund, speaks about his country's economic development plan.
Jamal al Kishi speaks about the significance of Saudi Arabia's Future Investments Initiative.
CNBC's Hadley Gamble reports from Riyadh with comments from Saudi Aramco CEO Amin Nasser on the company's time frame for going public.
Emily Hawthorne, Middle East and North Africa analyst, Stratfor, says Saudi Arabia's plans for investment hinge on a successful stake sale in Aramco, though the exact shape of any transaction remains fluid.
RIYADH, Oct 24- With low oil prices and austerity pushing Saudi Arabia into recession, the government may struggle to persuade international business leaders this week to pour billions of dollars of badly needed investment into the kingdom. Crown Prince Mohammed bin Salman, the 32- year-old architect of reforms designed to end Saudi Arabia's reliance on oil...
Kent Moors, Energy Capital Research Group, and Neal Dingmann, SunTrust Robinson Humphrey, discuss the plans for Saudi Aramco's IPO and what it means for oil.