Natasha Turak

Franklin Templeton's largest subsidiary, Western Asset Management, saw $37 billion in outflows in the last three months.

Total CEO Patrick Pouyanne said he would be surprised to see the next U.S. president lose the country's competitive advantage in energy.

The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.

Speaking at the Saudi Arabia's showcase economic conference, the Future Investment Initiative, last week, they see more inflation on the horizon for the U.S.

Whoever wins the 2024 U.S. election should work to preserve America's energy dominance rather than risk losing it, TotalEnergies CEO Patrick Pouyanne told CNBC.

The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply. China is the world's largest crude importer and the second-largest crude consumer, after the United States.

Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of "lower crude oil prices and weakening refining margins," but maintained a 31.05 billion dividend.

U.S. oil producers are looking forward to less regulations on crude production under a Donald Trump presidency, meaning higher oil supply and consequently lower prices.

The picture for the oil market's longer-term outlook under a new Trump presidency is, well, decidedly mixed.

Neom's board of directors announced on Tuesday the appointment of Aiman Al-Mudaifer as acting CEO of the company following the unexpected departure of Nadhmi Al-Nasr, who was put in charge of the project in 2018.