- BEIJING: Tesla Inc. has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the US electric vehicle maker reported record deliveries. To simplify its offerings, the automaker on Tuesd...
- LONDON: Oil rose for a second day on Friday after OPEC+ said it would meet again to review output if the omicron COVID-19 variant impacts demand. Prices were still headed for a sixth week of declines on concern a steady increase in supply from the Organization for Petroleum Exporting Countries...
- DUBAI: A major hit to the peak December travel season because of the omicron variant of the coronavirus would cause “significant traumas” in the global aviation business, Emirates airline President Tim Clark said on Tuesday. Clark said Emirates was working on the basis the newly discovered va...
- LONDON: Oil prices slid on Friday, heading for a slight decline over the week, on concern curbs to slow the spread of the omicron COVID-19 variant could hit demand. Brent crude futures declined 1.5 percent to $73.88 a barrel at 1.10 p.m. Riyadh time, while US West Texas Intermediate (WTI) crud...
- DUBAI: Oil prices dropped on Thursday as OPEC+ decided to stick to plans to increase production by 400,000 barrels per day in January. The drop came after Brent crude futures rose $1.24, or 1.8 percent, to $70.11 by 0748 GMT, having eased 0.5 percent in the previous session. ...
- Australian consumers appear to have fewer concerns over the omicron variant compared to other COVID-19 strains, according to a recent report by an Australian bank. Australia’s Westpac-Melbourne Institute Index of Consumer Sentiment went down by only 2 percent in January, in what was deemed as...
- The planned World Economic Forum in the Swiss mountain resort of Davos has been called off due to surging cases of the omicron variant of COVID-19, Sky News reported on Monday, citing communication from organizers to delegates. “Next month’s gathering of global business and political leader...
- Oil prices rose and were heading for their biggest weekly gains since mid-December on Friday as unrest in Kazakhstan and outages in Libya spurred concerns over supply, according to Reuters. Brent crude climbed 70 cents, or 0.9 percent, to $82.69 a barrel at 1229 GMT. US West Texas Intermediat...
- LONDON: Is everyone buying the dip? Global equity markets have bounced back, recovering last week’s omicron-driven losses, as fears about the impact of the latest coronavirus variant on economic growth ease. Oil prices joined the party after plunging last week on omicron fears. Gas prices a...
- RIYADH: The OPEC+ group is likely to take a cautious stance when deciding next week whether to go ahead with planned production increases following the discovery of a new COVID-19 variant has emerged, Geneva-based oil trader Vitol Group said. The new variant, named Omicron, has rat...
© 2022 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement.