Oil market to remain oversupplied despite deepening OPEC+ cuts: IEA
Global oil inventories could rise sharply despite OPEC and its allies deepening their output cuts and slowing U.S. production growth, the International Energy Agency (IEA) said on Thursday.
Saudi Aramco hits Crown Prince’s $2 trillion goal despite valuation doubts
Saudi Aramco hit the $2 trillion target sought by de-facto Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares racked up a second day of gains, despite some scepticism about the state-owned oil firm’s value.
Ferrari CEO does not expect fully-electric model until after 2025
Ferrari won’t have its first fully electric model ready until after 2025 as the battery technology requires more development, Chief Executive Louis Camilleri said, pushing back expectations.
Samsung to invest an extra $8 billion in China chip plant: media
Samsung Electronics will increase investment at its chip factory in China by $8 billion to boost production of NAND flash memory chips, Chinese media reported on Tuesday.
Southwest reaches partial compensation agreement with Boeing for MAX damages
Southwest Airlines Co said on Thursday it had reached a confidential compensation agreement with Boeing Co for a portion of projected financial damages arising from the grounding of its 737 MAX aircraft.
Futures eke out gains after Fed holds rates steady
U.S. stock index futures edged higher on Thursday, a day after the Federal Reserve held interest rates steady and struck an optimistic tone on the outlook of the economy.
Aramco shares closing price on Thursday put value slightly below $2 trillion
Saudi Aramco’s shares closed at 36.8 Saudi riyals on Thursday, putting the company’s market value slightly below $2 trillion.
Delta predicts 2020 profit growth; CEO says more people turning to air travel
Delta Air Lines Inc sees another annual rise in profit and revenue in 2020 driven by what Chief Executive Ed Bastian called a growing interest in air travel by consumers across the generational spectrum.
China has ‘important concerns’ about Boeing 737 MAX design changes: regulator
China has raised “important concerns” with Boeing Co regarding design changes proposed to end the grounding of the Boeing 737 MAX airliner, Beijing’s aviation regulator said on Thursday, declining to say when it might fly in China again.
Citi, Credit Suisse drop China’s Ucommune U.S. IPO over valuation -sources
Citigroup Inc and Credit Suisse Group AG have dropped out of the U.S. initial public offering of Chinese shared workspace provider Ucommune, baulking at its desired valuation, two people with direct knowledge of the matter said.
