Tag: Petroleum

BankingFinanceInnovation

Goldman Sachs Expands Middle East Presence with New Saudi Wealth Management Division

Goldman Sachs is launching a dedicated private wealth management team in Saudi Arabia, according to reports. The expansion aims to serve the region’s growing population of high-net-worth individuals as the kingdom diversifies its economy beyond oil.

Goldman Sachs Strengthens Saudi Presence with Wealth Management Expansion

Goldman Sachs is establishing a specialized private wealth management team in Saudi Arabia, according to reports from Reuters. The move represents a significant expansion of the investment bank’s Middle East operations as it seeks to capitalize on the region’s growing population of high-net-worth individuals.

by Aaron Vale
EconomyEnergy

Oil Markets Post Third Consecutive Weekly Decline Amid Trade Tensions and Supply Concerns

Oil futures stabilized on Friday but recorded their third consecutive weekly loss amid renewed U.S.-China trade tensions and growing oversupply concerns. Prices found some support after President Trump indicated plans to meet with China’s Xi Jinping, though concerns about potential eased sanctions on Russian oil limited gains.

Weekly Performance Marks Third Straight Decline

Crude oil futures reportedly stabilized on Friday but ended the week with significant losses, marking their third consecutive weekly decline, according to market reports. Sources indicate that renewed U.S.-China trade tensions and increased oversupply concerns sent prices to multi-month lows before some late-week stabilization.

by Aaron Vale