Moody’s rating agency has said that prolonged political uncertainty in Algeria will undermine growth prospects and weigh fiscal and international imbalances
Industry
New OPEC+ cuts are needed to prop up oil prices: Rystad Energy
As oil prices approach US$70 a barrel, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a need for additional production cuts by Russia and the cartel of oil producing countries, OPEC
Saudi Aramco international bond attracts US$100bn
Saudi Aramco debut international bond offering had attracted more than US$100bn, sources familiar with the matter said
Raccortubi Group obtains EAC certification
Raccortubi and its production mills, Petrol Raccord and Tecninox, have obtained the EAC certification (Eurasian Conformity) in compliance to CU TR (Custom Union Technical Regulations) 032/2013
Saipem wins US$200mn offshore drilling contracts
Italian offshore contractor Saipem has won new offshore drilling contracts in Norway and the Middle East totalling more than US$200mn
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