Saudi Arabia has turned to borrowing as major oil exporters in the Persian Gulf feel… DUBAI—Saudi Arabia is set to secure a $10 billion loan from international banks as the Continue Reading
President Obama and King Salman of Saudi Arabia spent more than two hours in a closed-door meeting that American officials said was cordial but underscored deep differences with the kingdom Continue Reading
Saudi Arabia is being forced to borrow $10 billion as the world’s top oil exporter seeks to fill a record budget deficit caused by low crude prices. The kingdom had Continue Reading
Kuwaiti oil workers sit at the union’s headquarters in Al-Ahmadi, south of Kuwait City, on… Oil workers in Kuwait have ended a three-day strike that had almost halved crude output Continue Reading
Late last week, just ahead of the Doha meeting, we reported that Iran’s existing oil tanker armada, which until recently had been on anchor next to the Iranian coast and Continue Reading
As the world changes for Iran post-sanctions, it’s paying calls to those who benefitted from the country’s sanction shackles in one way or another, and India—whose refiners are said to Continue Reading
Iran is determined to recover its share of the world oil market following the lifting of sanctions, and can withstand low prices since it has sold oil for as little Continue Reading
Major OPEC and other crude producers will meet in Russia, possibly next month, in a new push to agree on an output freeze to shore up oil prices, Iraq’s Deputy Continue Reading
Though a game-changing gas discovery for Israel and for the discoverer, Texas-based Noble Energy, the giant Leviathan offshore gas field in the Eastern Mediterranean has been one bureaucratic headache after Continue Reading
The former director general of the state-run North Oil Company (NOC) and nearly two dozen other people have been arrested and, pending an ongoing investigation, could be charged with using Continue Reading
