BUSINESS | Morgan Stanley CEO: Too Early To Consider Restarting Share Buybacks

NEW YORK  - Morgan Stanley’s Chief Executive Officer James Gorman told shareholders on Thursday that is to too early for him or anyone on the board of directors to consider reinstating the bank’s share buyback program. Morgan Stanley, along with JPMorgan Chase & Co, Bank of America and five others, voluntarily suspended their share repurchases … Continue reading BUSINESS | Morgan Stanley CEO: Too Early To Consider Restarting Share Buybacks

BUSINESS NEWS | Saudi Arabia Russia, U.S. Welcome Outcome Of OPEC+ Meeting: SPA

RIYADH | SAUDI ARABIA – Saudi Arabia’s King Salman, Russia’s president Vladimir Putin and his U.S. counterpart Donald Trump welcomed the outcome of OPEC+ meeting during a joint phone, Saudi state news agency SPA said on late Sunday. The three leaders expressed their comfort with the results of the efforts exerted to stabilize global oil … Continue reading BUSINESS NEWS | Saudi Arabia Russia, U.S. Welcome Outcome Of OPEC+ Meeting: SPA

BUSINESS NEWS | Kremlin and Trump Discuss OPEC+ Oil Cuts Deal

BUCHAREST | ROMANIA – Russian President Vladimir Putin and U.S. President Donald Trump, in a phone call on Friday, discussed a potential global deal on oil production cuts by the group known as OPEC+, the Kremlin said. It Added that Trump had told Putin about his talks with leaders of some oil producing countries. They … Continue reading BUSINESS NEWS | Kremlin and Trump Discuss OPEC+ Oil Cuts Deal

BUSINESS NEWS | Saudi Energy Minister Calls For Affordable Energy Supply At G20 Meeting

RIYADH | SAUDI ARABIA – The Saudi energy minister gold a conference of the G20 group of the world’s largest economies on Friday that Ensuring affordable energy supply is key to facilitating a global economic recovery. ‘Having affordable, reliable, accessible energy supply is considered a necessity to enable basic services, including health care, and help … Continue reading BUSINESS NEWS | Saudi Energy Minister Calls For Affordable Energy Supply At G20 Meeting

BUSINESS NEWS | Putin Has No Plans To Talk Oil With Trump, Saudis On Thursday: Kremlin

BUCHAREST | ROMANIA – Russian President Putin has no plans as of Thursday to discuss oil markets with U.S. President Donald Trump and Saudi Arabia’s leadership, a Kremlin spokesman told Reuters. ‘There are no such plans for today’, the Kremlin spokesman said when asked about such a possibility.

BUSINES NEWS | OPEC+ Works On Two-Year Oil Cut Deal, Implemented Gradually: Sources

Oil Refinery, Chemical & Petrochemical plant abstract at night. LONDON – OPEC and its allies, a group known as OPEC+, are discussing plans to cut oil production for at least two years with reductions implemented gradually, two OPEC+ sources said on Thursday. The group has previously said it wanted the United States, one the top … Continue reading BUSINES NEWS | OPEC+ Works On Two-Year Oil Cut Deal, Implemented Gradually: Sources

BUSINESS | OPEC+ Considers Oil Cuts Above 12 Million Bpd, Wants 5 Million Bpd From Others – Source

RIYADH | SAUDI ARABIA – OPEC, Russia and other allied producers, a grouping known as OPEC+, are considering cutting their oil output by more than 12 million barrels per day (bpd) and want other producers to contribute cuts of 5 million bpd, an OPEC+ source said on Thursday.

BUSINESS | Saudi Arabia Ready To Cut Up To 4 Million Bpd From Record April Output: Source

RIYADH | SAUDI ARABIA – Saudi Arabia is ready to cut up to 4 million barrels per day (bpd) of its production but only from its record output levels of 12.3 million pbd achieved in April, a source briefed on the kingdom’s oil policy said on Thursday. OPEC and other producers meet on Thursday to … Continue reading BUSINESS | Saudi Arabia Ready To Cut Up To 4 Million Bpd From Record April Output: Source

ECONOMY | Saudi Call For OPEC+ Meeting Is An Extension To Its Efforts To Achieve Market Balance

RIYADH | - Saudi  Arabia’s call for OPEC+ meeting is an extension to its previous efforts to achieve market balance and stability, the Saudi Cabinet said in a statement on Tuesday. ‘Saudi Arabia’s call for OPEC+ and a group of other countries to hold an urgent meeting, seeking to reach a fair agreement to restore … Continue reading ECONOMY | Saudi Call For OPEC+ Meeting Is An Extension To Its Efforts To Achieve Market Balance

GLOBAL ECONOMY | G20 Energy Ministers To Meet To Foster Global Cooperation: Statement

RIYADH | SAUDI ARABIA – Saudi Arabia said it would convene a virtual meeting of energy ministers from the Group of 20 major economies on Friday ‘to foster global dialogues and cooperation to ensure stable energy markets and enable a stronger global economy’. A statement from the Saudi G20 secretariat said the energy ministers, speaking … Continue reading GLOBAL ECONOMY | G20 Energy Ministers To Meet To Foster Global Cooperation: Statement