Saturday , July 20 2024
Home / Tag Archives: saudi aramco

Tag Archives: saudi aramco

Saudi Aramco Expects Strong Oil Demand from China and India despite Economic Downturn

The state-owned Aramco believes that the oil demand forecast for the rest of 2023 is solid even though metrics point to a dwindling economy. Saudi-owned oil and gas firm Saudi Aramco has a strong outlook on oil for the rest of the year as it anticipates healthy demand from India and China. Saudi Aramco predicts strong demand from both countries regardless of an economic retraction expected in global markets. Speaking at the Energy Asia conference in Kuala Lumpur, Aramco CEO Amin Nasser...

Read More »

Tesla (TSLA) Stock Slides 6.65% after Company’s Revenue Missed Expectations

The revenue miss did not impress investors as the company’s shares fell by 6.65% on Thursday to close at $207.28.The stock price of American multinational electric vehicle maker Tesla Inc (NASDAQ: TSLA) is on a downtrend as the company’s revenue for the third quarter missed estimates. Per the results published, Tesla’s Earnings Per Share (EPS) came in at $1.05, a figure better than the 99 cents that were projected by analysts.The company missed its revenue estimates as it reported $21.45...

Read More »

Dow Jones Opens with Fall as Coronavirus Panic and Oil Price War Go On

The Dow Jones opened with a fall amid the coronavirus outbreak. The Saudi Arabian and Russians continue with their supremacy battle on the crude oil price.The Dow Jones Industrial Average (DJI) opened on Wednesday with a 2.40% fall as hopes of quick stimulus by the government due to the coronavirus faded. This only indicated high volatility in the future of the stock market as uncertainty caused by the increase in coronavirus cases continue spreading all over the U.S.All other major indexes...

Read More »

Market Collapse amid Coronavirus and Oil Prices Crash: European Stocks Over 6% Down

Oil market prices plunged when OPEC and its allies failed to reach an agreement on production cuts. All the markets, including stocks, currencies and cryptos are falling.European equity indices were red across the board at the open on Monday as the coronavirus outbreak coupled with crashing oil prices rattled the global market. The pan-European Stoxx 600 fell 6.2%. All stocks on Italy’s FTSE MIB except pharma company Recordati failed to open at the start of the day’s trade. Italian blue-chip...

Read More »

Aramco Stock Plunges Below its IPO Price Level Amid OPEC-Russia Soar Deal

Aramco shares fell below its IPO price level for the first time on Sunday. Other Saudi stock markets like Tadawul, Abu Dhabi Index, also fell caused by the OPEC-Russia deal gone sour on Friday.Shares of the Saudi Arabian Oil Company, Aramco, fell below its initial public offering (IPO) on Sunday. During the IPO listing back in December, the shares were sold at 32 riyals, whereby on Sunday by 12:30 p.m they were trading at 30.90 riyals ($8.24). This reciprocated to a 6.36% fall, a negative...

Read More »

Amazon Is a New Member of $1 Trillion Club after Months of Flirting

Amazon joined Microsoft, Apple, and Google (Alphabet Inc) to rank among the wealthiest companies in the U.S. with a market cap of over one trillion dollars on February 4, 2020. Now it is a new member of the elite $1 trillion club.Amazon joined Microsoft, Apple, and Google’s parent Alphabet to tank among the wealthiest companies in the U.S. The other three entered the elite club for the first time in January 2020. All of them together make up the “Trillion Dollar Club.”Up to today, only these...

Read More »

Saudi Aramco Goes Blockchain by Investing $5 Million in Vakt

Saudi Aramco Energy Ventures invested $5 million into Vakt shares, and its trading subsidiary Aramco Trading Company will start using the Vakt platform, according to a press release.That way, Saudi Aramco joins the current Vakt shareholder base of 12 investors. Among them are some of the world’s largest energy and commodity trading players. This investment will help Vakt in platform development and possibly expand to new markets in Asia.This is particularly big for Vakt. Mostly because such a...

Read More »

As Alphabet Enters $1 Trillion Club, Let’s Have a Look at Top 10 Companies by Market Cap

Last week on Friday, January 17, Google‘s parent company Alphabet hit the trillion-dollar milestone. Alphabet became the fourth public listed tech company to achieve this feat.Despite staying in controversy with the regulators over the issues of privacy concerns, Alphabet had a good show in 2019 in the stock market. The Alphabet stock surged nearly 50% in a single year thereby pushing the company’s growth.Apple Inc. was the first company to achieve the trillion-dollar milestone in 2018,...

Read More »