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Oil prices would probably ‘stay down’ for months

On Monday, Oil prices started dropping amidst the spreading of the Coronavirus which has become a global issue, and energy market participants are concerned about the demand growth. As reported by CNBC, International benchmark Brent crude traded at $58.55 per barrel Monday morning, falling more than 3.5%, while U.S. West Texas Intermediate (WTI) remained at…
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Germany’s finance minister is ‘confident’ that a US-EU trade deal will happen

The German finance minister Scholz stated that he isn’t feeling pessimistic about threats of tariffs on the car industry and confident about an EU-U.S trade deal. Regarding a new trade deal with the European Union, President Donald Trump mentioned that the specter of car tariffs would be raised if the European nations initiate a digital…
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The US would assist India-Pakistan Kashmir dispute, says Donald Trump

The United States President Donald Trump said his country was observing the progressions between India and Pakistan over Kashmir “very closely” and was ready to assist them if necessary but did not state how he would do so. In a discussion with the Pakistan Prime Minister Imran Khan, Trump said trade and borders were both…
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Oil demand has ‘upside potential’, says OPEC secretary general

Although the worldwide oil demand forecasts have been quite lower than in previous years, OPEC Secretary-General Mohammed Barkindo stated Friday that demand growth is still “robust” and could start ascending over the course of 2020 as trade tensions settle down, as reported by CNBC after having a discussion with Barkindo. “By and large what we…
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Hong Kong’s port could get a much-needed boost from the China-US phase one deal

The port of Hong Kong used to be the world’s busiest and as a result of the phase one trade deal between the economic giants the U.S. and China being signed, the port could get a boost, according to the managing director of Modern Terminals. The tension created by the trade war between China and…
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Saudi Aramco raises IPO using “greenshoe option”

Formerly known as an “over-allotment option, the greenshoe option is a favorable method which allows the underwriters to sell additional shares during an Initial Public Offering (IPO). The state-owned oil titan Saudi Aramco revealed that it has utilized the said “greenshoe option” to sell additional 450 million shares in order to raise its Initial Public…
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Saudi Aramco shares drop

Saudi Aramco shares hit the lowest point since the oil giant in the world marked its market debut on December 11. On Wednesday, shares started trading on the local stock exchange Saudi Tadawul at 34 riyals ($9.06) which was below 12% from their peak of 38.70 riyals, as reported by CNBC. Notably, the Saudi stocks…
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Keep an eye on Facebook and Amazon stocks, says Wall Street analysts

According to Wall Street analysts, 2020 is going to be a rewarding year for internet stocks. As reported by CNBC, the S&P 500 index marked the end of the year 2019 by surging 28.9% due to FAANG stocks. FAANG stocks consist of Facebook, Apple, Amazon, Netflix and Google – the top internet names. Facebook ended…
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Oil prices surge after US airstrike

Oil prices jumped during Asia hours, after the United States confirmed that Iran’s top commander was killed in a U.S. airstrike in Baghdad. The U.S. military took the “decisive defensive action to protect U.S. personnel abroad by killing Qasem Soleimani,” a statement by the U.S. Department of Defense confirmed on Thursday night. The oil prices…
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Phase One trade deal will be signed on Jan. 15 at the White House

The US president Donald Trump stated that he would sign the much awaited ‘Phase One’ deal on January 15 at the White House. In a tweet Tuesday morning, the president stated that “high level representatives of China” will attend the signing and he expects to travel to Beijing later. “I will be signing our very…
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