Oil
Saudi Arabia Gets First Moody’s Upgrade On Economic Advance
Saudi Arabia’s sovereign rating was upgraded by Moody’s Investors Service for the first time since the company initially assessed it in 2016, driven by continued progress in the kingdom’s economic diversification and a better outlook for the non-oil sector.
Shell-Cosan Venture Raizen Weighs Ethanol Partner, Oxxo Sale
Brazilian company Raizen SA is mulling the sale of a stake in its second-generation ethanol plants to raise cash for investments and help its main shareholder reduce debt leverage, according to people familiar with the matter.
Oil Advances on Rising Geopolitical Tensions From Iran, Russia
Oil rose as geopolitical tensions from Russia to Iran ratcheted higher while strength in equity markets increased the appeal of risk assets.
