Middle-east Arab News Opinion | Asharq Al-awsat

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Goldman Sachs: 50% of Harvey-Affected Refineries Could Return Thursday

by Wael Mahdi | Sep 6, 2017 | Business

Kuwait- Reconstruction in the aftermath of Hurricane Harvey’s deadly gash through Texas could prove positive for the oil market in a few months, according to Goldman Sachs Group Inc. “More than half of the US oil refining capacity that was shut because of Harvey’s...

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After Harvey, Aramco Shuts Down Biggest Refinery in US

by Wael Mahdi | Aug 31, 2017 | Business

Kuwait- Damages resulting from Harvey storm on the US refining sector mounted as Motiva Enterprises – owned by Aramco – announced that it would completely halt operating in Port Arthur refinery because of the flood. “At 5 a.m. on Wednesday, Motiva began a controlled...

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Screen at a trading post on the floor of the New York Stock Exchange is juxtaposed with the Goldman Sachs booth. AP

Goldman: ‘U.S. Oil Price to Surpass Brent by BTA

by Asharq Al-Awsat | Jan 25, 2017 | Business

London – The push by Republicans in the U.S. House of Representatives for a shift to border-adjusted corporate tax (BTA) could drive U.S. crude prices higher than the global benchmark Brent, triggering large-scale domestic production, according to analysts at...

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Illustration on Iraqi oil production, Bloomberg

Baghdad Oil Exports Threaten OPEC Production Cut Deal

by Wael Mahdi | Jan 11, 2017 | Business

Khobar- A majority of member states at the Organization of the Petroleum Exporting Countries (OPEC) have projected sincere intentions to lower oil production rates, promoting a cut deal to relieve the current market glut. The agreement aims at an overall 1.2 million...

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The police raiding the 1MDB office in Malaysia in 2015. The government has said that no 1MDB funds were misappropriated. Credit Mohd Rasfan/Agence France-Presse — Getty Images

1MDB Case Hangs Over Goldman Sachs as Investigators Dig for Answers

by Nathaniel Popper and Matthew Goldstein | Dec 27, 2016 | Business

Even as Goldman Sachs is gaining a more prominent profile in the administration of Donald J. Trump, the Wall Street investment firm is undergoing scrutiny in an investigation in a sprawling international money laundering and embezzlement scheme. Prosecutors have said...