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Saudi Arabia’s economic downturn eased in the first three months of the year as ongoing oil production cuts acted as less of a drag on the oil economy. Gross domestic product shrank 1.8% compared with a year ago, according to preliminary data published by the General Authority for Statistics on Wednesday. That compares with a contraction of 4.3% in the ...
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Some traders working for Exxon Mobil Corp. are set to lose their jobs because they don’t want to move from Brussels to London, according to a statement from its unions. The majority of Brussels-based trading staff at the oil giant said in an internal union-led survey that they won’t move to the British capital because of “uncompetitive” pay and a “lack of ...