2023
Saudi Stocks Eye Bull Market as Rates Optimism Offsets Lower Oil
Saudi stocks were set to enter a bull market as optimism about lower interest rates outweighed sliding oil prices, which are still the country’s main source of income.
Oil Limps Into 2024 as OPEC, War Fail to Prevent Drop
Oil posted its biggest annual drop since 2020 as war and OPEC+ production cuts failed to propel prices higher in a year dominated by supply growth outside of the grouping.
EIG to acquire Ocyan for US$390 mln
EIG announced that it has entered into definitive agreements with Novonor and Brazilian Development Bank (BNDES) to acquire Ocyan, a Brazilian-based solutions provider to the offshore oil and gas industry, for a total amount of US$390 million
