Archive of month: October 2019

The Venezuelan government is readying to hand over control over state oil company PDVSA to Russia’s Rosneft, a local newspaper has reported, citing sources from the industry. Russian TASS reports, quoting El Nacional, that the radical move is being discussed as a way of erasing Caracas’ debt to Moscow. The debt is sizeable: at the […]

Global commodity prices rose 3.8% over the previous month in September, contrasting August’s 5.3% drop and marking the strongest increase in five months. September’s rebound mostly reflected a surge in energy prices, as well as sizeable increases in prices for base and precious metals. Overall, the price for the three commodity groups was positively affected […]

Saudi Arabia to approve IPO this week. Saudi Arabia is expected to give official approval to the IPO of Saudi Aramco this week. “Aramco’s IPO will take place sooner than you think,” Yasir al-Rumayyan, chairman of Aramco, told the FT. The plans involve a public offering of 3 percent of the company on the domestic […]