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ENERGY

Saudi Arabia Gains ‘Upper Hand’ in Competition for Asia Energy Demand with Massive $7b Aramco-Petronas Deal

saudi-malaysia
Oil giant Saudi Aramco signed a $7 billion deal Tuesday to take a 50 percent stake in a mega Malaysian oil refinery project, in a pact expected to help Saudi Arabia increase trade in Southeast Asia and give the Kingdom an "upper hand" in the supply competition for Asia's energy demand.

OPEC

Are oil markets better off with OPEC cuts?

global-oil-demand-graphic-jadwa-sustg
Jadwa Investment's latest Quarterly Oil Market Update anticipates that OPEC’s decision to announce, but not to implement, a cut in production will likely lead to a small cut in oil production "more akin to a production ’freeze’ rather than an outright cut".

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