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Oil sector job losses expected post-COVID: Aramco chief
- Covid-19 exposed harsh realities for world, says Amin Nasser during virtual CERAWeek panel
OPEC+ meeting to test ability to keep market tight
- Amid concerns of group's likely decision to raise output, experts say meeting will also reflect group’s strength, coherence
FDA okays storing Pfizer vaccines in standard freezers
- Move will allow vials to be transported and stored under more flexible conditions, says FDA official
EU sets 3-month target for introducing vaccine certificates
- EU heads of state, governments begin 2-day virtual summit to discuss vaccinations and travel restrictions
Biden raises economy, rights abuses in call with Chinese premier
- Two leaders also discuss COVID, global health security, climate change and preventing weapons proliferation
BP posts $20.3 billion loss in 2020
- Despite huge loss in 2020, firm recorded $1.4 bln. profit in 4th quarter of 2020 compared to $0.5 bln. loss in 3rd quarter
Turkey’s foreign minister holds talks in TRNC
- Mevlut Cavusoglu met with Turkish Cypriot authorities to discuss issues on common agenda
Global gas demand expected to rise by 2.8% this year
- Natural gas demand recovery remains fragile for 2021 as uncertainties continue, new IEA report says
27.01.2021
Natural Gas
Oil down over estimated rise in US stocks
-Fueling weak demand fears, US crude oil inventories are forecast to rise by over 2.5 million barrels, API figures show
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Ecuador secures historic deal with US development bank
- Funds set to alleviate country’s longstanding debt with Asia and boost its economy amid COVID-19 pandemic
China: Daily COVID-19 cases top 100 mark in 5-month 1st
- Latest virus outbreak in Hebei province leads to emergency measures in affected areas in China
Emerging markets attract $313B in 2020: IIF
- Portfolio flows stand at $45.9B in December, closing one of most volatile years, says Institute of International Finance
08.01.2021
Invesments
EU authorizes Moderna’s COVID-19 vaccine
- Bloc’s medicines agency recommended granting conditional authorization to US-developed jab
07.01.2021
Europe
World Bank raises Turkey's 2020 growth projection
- Outlook for 2021 downgraded with sharp rise in new COVID-19 infections, weak tourism, tight monetary policy
Moderna to supply 20M vaccine doses to South Korea
- After deal with Moderna, country will be able to vaccinate 56M people against COVID-19
EU to buy extra 100M doses of Pfizer/BioNTech vaccine
- Addition will bring total from 2 firms to 300M doses of COVID-19 vaccine
30.12.2020
Europe
US market at record high with hopes of larger checks
- Senate to vote later on rising COVID-19 stimulus checks to $2,000 from $600
30.12.2020
Americas
More than 1M get COVID vaccine in US: CDC
- At least 1,008,025 people have received vaccine; 9,465,725 doses have been distributed
24.12.2020
Americas
Canada approves Moderna virus vaccine
- At least 1.2 million doses from both Pfizer and Moderna on track to be delivered by Jan. 31, says Justin Trudeau
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Revenues of oil giants decline 35.8% in 3Q20
- Royal Dutch Shell records highest year-over-year decline in revenue
US panel recommends Moderna vaccine for emergency use
- If approved, Moderna's vaccine will be country’s second authorized COVID-19 shot
18.12.2020
General
Meeting on reviving Libya’s economy ends in Geneva
- Economic, banking, oil and finance officials from all sides agree to January meeting to continue quest to resolve crises
US, Saudi firms to form joint venture in MENA region
-Saudi Aramco, Baker Hughes will each own 50% share to manufacture non-metallic, composite materials, says Turkish Competition watchdog
Brent price hit 8-month high on encouraging vaccine news
- As third drug company announces effective COVID-19 vaccine, AstraZeneca says its vaccine has 70% efficacy
C02 hits record levels in 2019: Global weather body
- Carbon dioxide rose by nearly 50% since pre-industrial times, says World Meteorological Organization
Aramco signs oil and gas deals with 8 firms
-Company expects deals to support growth in employment and development of workforce in Saudi Arabia
Oil, gas discoveries resilient in 2020 despite pandemic
- In discovery volumes, Russia’s Gazprom leads with total discovery of 1.51 billion barrels of oil equiv.: Rystad Energy
Saudi Aramco reveals plans to sell bonds
- Oil price slump from coronavirus pandemic makes it hard for Aramco to meet $75 billion shareholder commitment