Saudi Aramco completed its acquisition of SABIC. A global petrochemical giant will be formed.
“This is an important step forward, which will speed up the strategic transformation of our company into a petrochemical industry giant,” Amin Nasser, CEO...
Saudi Aramco will pay dividends from cash and debt
“It will be a combination of both,” Amin Nasser, the company’s chief executive, told reporters. “We would like to use our free cash as...
BP oil company will record up to USD 17.5 billion due to coronavirus
Coronavirus pandemic could cost British Petroleum up to $17.5 billion, which is a value that the company predicts its assets value to drop. BP...
Goldman Sachs: oil rally will be out of breath soon
The drop should be mainly caused by uncertainty around demand for the strategic commodity, or rather speed of its recovery. The speed will depend...
Lithium price will grow earliest in 2023
Lithium demand was strongly affected by the coronavirus pandemic. April production of cars dropped up to 90% in all countries worldwide due to anti-pandemic...
Will gold reach a record-high level?
Gold surpassed record-high level of $1,700 per ounce
It approached the all-time high level of $1,830 per ounce, a record from August 2011. Moreover, some...
The price of May WTI futures dropped below zero for the first time ever
The U.S. WTI oil price plunged below zero for the first time ever
On Monday, the price of a oil barrel for May contracts was...
Gold slightly dropped against growing dollar
While gold reached a record high value since 2012 on Tuesday, it dropped on Wednesday
The reason for the recent drop was increased trust of...
China is increasing corn import, US-China trade war could help the situation
Corn import to the most populated country could reach up to 4 mln tonnes
It is almost a million tonnes more than China predicted last...
The European Union imposed excessive duties on China’s steel, China complains
China Iron and Steel Association claims that the E.U. anti-dumping measures on imports are excessive
The association referred to safeguard measures imposed by the European...
