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Saudi Aramco Drops Plan To Boost Capacity In Major U-Turn

Saudi Aramco abandoned a plan to boost its oil output capacity in a huge reversal that will raise questions about the kingdom’s view on future oil demand. ....

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Renault and Geely sign €8bn powertrain tie-up

France’s Renault has formally signed a joint-venture agreement with China’s Geely to set up a new combustion engine and hybrid powertrain company, while Saudi Aramco is still mulling an investment. ....

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OPEC+ did its job, but don't expect it to disappear

Oil producers have added back all the production they cut in 2020 at least on paper but members have no reason to quit the group. ....

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Microsoft to buy Call of Duty maker Activision Blizzard for $69bn

The deal is the biggest cash takeover of the pandemic ....

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