The Los Angeles Post
California & Local U.S. World Business Lifestyle
Today: January 23, 2025
Today: January 23, 2025
Yousef Saba

Yousef Saba

Staff Writer

Latest From Yousef Saba

Business|Economy|Finance|News

What OPEC+ oil output cuts are currently in place?

OPEC+ oil producers are scheduled to meet on June 2 to decide their next output policy steps, including whether to extend voluntary production cuts

What OPEC+ oil output cuts are currently in place?
Business|Economy|Finance|Stock Markets

Investors flock to Aramco share sale that could raise $13 billion

Saudi Arabia's sale of shares in oil giant Aramco drew more demand than the stock on offer within hours of kicking off on Sunday, a

Investors flock to Aramco share sale that could raise $13 billion
Business|Economy|Finance

Saudi Arabia set to raise $11.2 billion selling Aramco shares at lower end of expectations

Saudi Arabia is poised to raise more than $11.2 billion selling shares in oil giant Aramco to help fund its spending plans, after

Saudi Arabia set to raise $11.2 billion selling Aramco shares at lower end of expectations
Business|Economy|Europe|Finance

Europe welcomes Middle East money but some deals face headwinds

As Abu Dhabi's ADNOC sets its sights on an 11.7 billion euro ($12.74 billion) takeover of German chemical maker Covestro in what would be

Europe welcomes Middle East money but some deals face headwinds
Business|Economy|Finance|News

Aramco profit dips 3%, keeps $31.1 billion dividend unchanged

Oil giant Saudi Aramco on Tuesday reported a 3.4% fall in second-quarter profit on lower crude volumes and softer refining margins, yet kept its

Aramco profit dips 3%, keeps $31.1 billion dividend unchanged
Business|Finance

Aramco to buy stake in JV Petro Rabigh from Sumitomo Chem

Saudi Aramco will buy from Japan's Sumitomo Chemical a 22.5% stake in their petrochemical joint venture Petro Rabigh for $702 million, the

Aramco to buy stake in JV Petro Rabigh from Sumitomo Chem
Economy|Finance

Saudi Arabia pushes ahead with economic transformation, minister says

Saudi Arabia is "doubling down" on its multi-billion dollar plan to overhaul its economy and cut the kingdom's dependence on oil

Saudi Arabia pushes ahead with economic transformation, minister says
Business|Economy|Finance

Saudi Arabia taps state funds to anchor foreign investment in kingdom

Saudi Arabia's move to sign co-investment deals with big money managers at a flagship conference this week shows the country's new proposition to

Saudi Arabia taps state funds to anchor foreign investment in kingdom
Business|Economy|Finance

Saudi 2025 budget foresees $27 billion fiscal deficit as gigaproject spending continues

Saudi Arabia approved its state budget on Tuesday for 2025 forecasting a fiscal deficit of 101 billion riyals ($26.88 billion)

Saudi 2025 budget foresees $27 billion fiscal deficit as gigaproject spending continues
Business|Economy|MidEast|Political|World

Fuel oil smuggling network rakes in $1 billion for Iran and its proxies

A sophisticated fuel oil smuggling network that some experts believe generates at least $1 billion a year for Iran and its proxies has flourished in

Fuel oil smuggling network rakes in $1 billion for Iran and its proxies
Business|Economy|MidEast

OPEC+ output cuts turned US into top energy exporter, Rosneft's Sechin says

Igor Sechin, the head of Russia's largest oil producer Rosneft, said on Thursday that the OPEC+ group's decisions

OPEC+ output cuts turned US into top energy exporter, Rosneft's Sechin says
Business|Economy|Finance|MidEast|World

What OPEC+ oil output cuts are currently in place?

OPEC+ at its Dec. 5 meeting made further changes to its oil production policy, by delaying a planned increase in output further into

What OPEC+ oil output cuts are currently in place?
Business|Economy|MidEast|Political

No concerns over Trump vow to lift LNG exports cap, Qatar energy minister says

Qatar has no concerns about U.S.

No concerns over Trump vow to lift LNG exports cap, Qatar energy minister says
Africa|Business|Economy|Finance|MidEast

BP, ADNOC's XRG agree Egypt gas JV Arcius Energy

BP and Abu Dhabi National Oil Company's international investments arm XRG said on Monday they have closed a deal for a new natural gas joint venture in Egypt, as ADNOC

BP, ADNOC's XRG agree Egypt gas JV Arcius Energy

Follow