Tag: Commodity markets
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Saudi Aramco records record profit of $161 billion for 2022
Saudi Arabia’s national oil company reported a record annual profit of $161 billion for 2022, the largest ever by an energy company, continuing a dramatic turnaround for the global oil industry after the war in Ukraine pushed crude oil prices and commodity flows up. turned his head. Saudi Arabian Oil Co., known as Aramco, said […]
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Why the stock market rally can continue, says Morgan Stanley strategist who only recently warned of a death zone.
Following last week’s rally, investors appear headed for the sidelines on Monday. Aside from a disappointing growth forecast out of China over the weekend driving oil prices higher, we have a sparse but solid lineup for the week with comments from Fed Chair Jerome Powell and a jobs update. Here’s Deutsche Bank, summarizing what’s at […]