Qatar Petroleum (QP) has signed an agreement with ExxonMobil to become a 30% equity holder in two ExxonMobil affiliates in Argentina that hold different interests in hydrocarbon licences for seven blocks in…
Pope Francis to discuss climate change with oil company CEOs
Bloomberg/London/Rome Oil company bosses will travel to the Vatican this week to discuss climate change with Pope Francis. The meeting will be on June 8 and…
Trial by fire: A year into the siege, Qatar’s economy has proved its tenacity
Roudi Baroudi It has been a year since the Kingdom of Saudi Arabia and a few other regional countries launched an attempt to subjugate Qatar by strangling the latter’s economy with an…
ECB at 20 can’t shake existential angst amid enduring Italian crisis
The European Central Bank’s 20th anniversary arrives today as another financial scare – this time in Mario Draghi’s Italian homeland – shows that the euro area still hasn’t grown up. It’s a…
The Euro
Hey, euro! For a while there, you looked like a goner. During those debt crisis days in 2012 when Greece was imploding and Spain’s banks were teetering and the Germans were asking why…
Deutsche Bank Hits Record Low as It Defends Troubled U.S. Unit
U.S. Fed, FDIC said to place lender on troubled firm lists Deutsche Bank says it has ‘significant liquidity reserves’ Deutsche Bank AG fell to a record low Thursday after reports that U.S….
OPEC, non-OPEC sticking to oil pact but may raise output if needed: Gulf source
DUBAI (Reuters) – Saudi Arabia, other OPEC states and non-OPEC allies aim to stick to a global pact on cutting oil supplies until the end of 2018 but are ready to make…
Qatar has managed impact of siege: IMF
*Growth performance resilient; Banking sector remains healthy Considerable buffers and sound macroeconomic policies have helped Doha absorb shocks from lower hydrocarbon prices and the diplomatic rift with some countries in the region,…
Headache for ECB as populists take power in debt-laden Italy
FRANKFURT AM MAIN (AFP) – The arrival of an anti-austerity, populist government in Italy has revived concerns about the country’s massive debt pile, underscoring the pitfalls ahead for the European Central Bank as…
Russia to boost presence on global LNG market, helped by lower costs
* Russia plans to produce up to 120 mln T LNG per year by 2035 * To compete with Australia, U.S. on global LNG market By Oksana Kobzeva and Olesya Astakhova ST…