After taking over defense and economic planning, Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman has now stamped his authority over oil policy. In so doing, the 30-year-old son of Continue Reading
U.S. airstrikes lower oil production to 21,000 barrels a day U.S.-led air strikes and territorial gains by forces allied with Russia and Iran have cut Islamic State’s monthly revenue by Continue Reading
Yemen’s Shiite rebels backed out of U.N.-brokered peace talks just hours before the negotiations were to start Monday in Kuwait, demanding the Saudi-led coalition abide by the weeklong cease-fire and Continue Reading
International Monetary Fund Director of Middle East and Central Asia programs Masood Ahmed said Iran’s economy is outperforming its peers. File photo by Kevin Dietsch/UPI WASHINGTON, April 18 (UPI) — Continue Reading
A general view shows a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015. Iran’s crude oil production will reach pre-sanctions levels Continue Reading
Saudi oil minister Ali al-Naimi, center right, arrives Sunday at a meeting of oil-producing countries… Saudi Arabia’s decision over the weekend to refuse to freeze oil output without Iran’s participation Continue Reading
The images of the past year have been deeply unsettling for the people of Saudi Arabia , long accustomed to oil-fueled prosperity and regional clout: militants firing at communities along Continue Reading
As Libya wrangles over who is going to control its oil, the Islamic State is closing in, using sporadic attacks designed to rattle nerves and force oil-field evacuations or worker Continue Reading
Dozens of militants are dying every week, sowing paranoia among their ranks. But as the group embeds itself deeper into the city, residents say they are also suffering – from Continue Reading
Mexican officials are setting out to assure investors of government support for state oil company Petróleos Mexicanos after the firm received a $4.2 billion financial lifeline to help it through Continue Reading
