Saudi Arabia’s worst-case oil scenario might surprise you

Saudi Arabia might not be as frustrated as one would expect by the oil market’s weakness in the face of a coordinated cut by major global crude producers. The Saudis are playing a longer game, write analysts at RBC Capital Markets, in a Thursday note. That’s because the key elements of the country’s ambitious Vision 2030 program to wean its economy off oil are 2018 events, notes Helima Croft, RBC’s global head of commodity strategy. That includes the crucial partial listing of state-owned Saudi Arabian Oil Co, known as Saudi Aramco, which could value the firm at as much as $2 trillion. Read: 4 things Saudi Arabia’s economic reform plan says about oil Also see: How Saudi Aramco IPO could be ‘highly

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  Reform to pave way for Saudi Aramco

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  Protect us from premium class

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FedEx Freight drivers at a Charlotte facility vote to decertify Teamsters union.

A group of FedEx workers has decided to say goodbye to its union. FedEx announced that city and road drivers at a FedEx Freight service center in Charlotte voted to “decertify the Teamsters union as its bargaining representative.” “FedEx Freight respects the right of our team members to decide for themselves if they want to be part of a union. We are pleased with these results and continue to believe that our thriving, competitive work environment provides a more flexible, team-oriented, and customer-focused work model than the union can offer,” the shipping giant stated in a release. Road drivers from a FedEx Freight service center in Croydon, Pennsylvania, have also filed with the National