Saudi Arabia’s Aramco Halts Plans to Increase Crude Production Capacity Amid Uncertainty in Oil Demand

Saudi Arabia’s Aramco Halts Plans to Increase Crude Production Capacity Amid Uncertainty in Oil Demand

ByPeter Blunt

Aramco Pauses Plans to Increase Crude Production Capacity Saudi Arabia’s state-controlled Aramco announced on Tuesday that it is putting on hold its plans to raise its crude production capacity. The company had initially aimed to increase capacity from 12 million barrels per day to 13 million barrels per day. This decision comes amidst growing uncertainties…

Shifting China Profits: Industrials, Consumer Discretionary, and Staples Thrive as Materials and Energy Decline, Reports HSBC

Shifting China Profits: Industrials, Consumer Discretionary, and Staples Thrive as Materials and Energy Decline, Reports HSBC

ByJohn Mahon

China’s Shifting Profit Landscape Favors Industrials and Consumer Sectors, says HSBC Introduction While big questions swirl about China’s macro policy, some sectors are seeing fundamentals shift in their favor. Profits are moving to industrials, consumer discretionary, and staples — and away from materials and energy, according to HSBC. Reasons for the Shift in Profits The…