Saudi Arabia warned about challenges to its economy
Ahead of a multibillion-dollar bond issue, Saudi Arabia warned investors of the challenges that cheap oil poses to its economy and said it would take…
oil
Saudi Aramco CEO: the company will invest $300 billion in the oil and gas sector
Saudi Aramco will invest $300 billion in the oil and gas sector over the next decade to maintain oil and gas supplies, the company’s CEO…
Oil prices increased after support for OPEC’s output cut
Global oil prices reached $53.17 at 2004 GMT on Monday after Russian President Vladimir Putin and Venezuelan President Nicolas Maduro expressed their positive approach on…
Iran postpones issuing oil tenders
Iran postponed issuing tenders on oil and gas fields based on newly designed contract model (Iran Petroleum Contract, or IPC) for 10 days. Ali Kardr,…
OPEC agrees modest oil output curbs in first deal since 2008
OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on…
Oil prices down as Opec fans oversupply fears
Oil prices resumed their downward spiral Tuesday after Opec sparked fresh worries about an oversupply crisis with a forecast that global output will increase next…
Iran’s oil output flat for third month
Iran’s steep oil output growth has stalled in the last 90 days, new data shows, suggesting Tehran might be having problems fulfilling its plans to…
Khalifa Haftar’s Libyan National Army Takes Key Oil Ports
On Sunday the ‘Libyan National Army’ (LNA) took over at least two key oil ports from a rival force that supports the U.N.-backed government, Reuters…
Iranian oil output stagnates for third month amid OPEC bargaining
Iran’s steep oil output growth has stalled in the past three months, new data showed, suggesting Tehran might be struggling to fulfill its plans to…
Water is the new oil of the Middle East
Since ancient times, water is an important component of life, for both people and animals. In dry areas water has been and still is worth…