Saudi Arabia’s OPEC victory
Saudi Arabia’s delegation, led by Energy Minister Khalid al-Falih, found success during Friday’s OPEC meeting in Vienna, Austria. The meeting resulted in the unanimous decision…
Oil price
Rise in oil price helps cut Qatar’s fiscal deficit
The rise in crude oil prices and positive global outlook helped reduce Qatar’s fiscal deficit and increased surplus in the 2017 current account balance. In…
Trump’s sanctions on Iran may be creating an oil trading boom — in China
Trade in Chinese yuan-denominated crude oil futures has surged since President Donald Trump pulled the U.S. out of the Iran nuclear deal. Launched on March 26, crude oil futures on the Shanghai International Energy Exchange…
Saudi Energy Minister: Country committed to oil market stability
Saudi Arabia has said it will take all necessary measures to prevent supply shortages following the US withdrawal from the Iran nuclear deal. “The Kingdom…
US crude oil slips ahead of Trump decision on Iran
US crude oil prices have slipped back after strong gains made as the White House prepared to announce a decision on whether it will withdraw…
Essar Oil settles $2.5 bn Iran oil dues, still owes about $616 mn
NEW DELHI: Essar OilNSE -0.04 % has settled about 2 billion euros ($2.5 billion) in dues to Iran to cover previous oil purchases and still…
New details about the largest oilfield found in Bahrain
Bahrain is opening a new page in its economy with the unveiling of the largest oilfield in its history and the first since 1932. This…
The Oil Major That Won’t Leave Iran
Total will seek a waiver if the United States goes through with President Trump’s threat to reimpose sanctions against Iran, CEO Patrick Pouyanne said. “If…
Iraq-Iran Oil Swap Deal Delayed Due To Security Concerns
An Iraqi-Iranian oil swap deal under which Iraq would truck 60,000 bpd of Kirkuk oil to Iran in exchange for Iranian oil to southern Iraq…
Dubai’s non-oil economy index dips in December
Dubai’s non-oil private sector economy slowed in December, recording the weakest growth in business activity since April 2016, however the overall business activity and new…