RIYADH (Reuters) – Saudi Arabia’s King Salman approved 72 billion riyals ($19.2 billion) worth of measures to stimulate growth in the private sector as authorities seek to pull the economy Continue Reading
Saudi Aramco, the world’s largest oil producer, aims to regain its lost market share after the OPEC-led supply-cut pact ends and plans to push ahead with a downstream expansion strategy Continue Reading
Kuwait’s oil minister said on Thursday it was too early to talk about a strategy to exit the current OPEC and non-OPEC supply cutting pact. “It’s premature to talk about Continue Reading
A new armed group has appeared in northern Iraq, causing locals to fear that IS is regrouping and re-branding for guerrilla warfare. A mysterious armed group has emerged in remote Continue Reading
Saudi Arabia will begin cash transfers to low- and middle-income citizens this month, part of efforts to cushion the blow for families as the kingdom overhauls its oil-dependent economy. Monthly Continue Reading
Pakistan’s fuel oil demand is expected to fall sharply over the next three years as growing LNG imports help the country move to a gas-based energy economy. Fuel oil demand Continue Reading
London-listed oil and gas services company Petrofac said Wednesday it secured a $160 million contract to help overhaul a southern Iraqi oil port. The company said it secured the contract Continue Reading
China’s coal miners and natural gas producers ramped up output last month at their fastest pace in months to meet surging winter heating demand as utilities and households scrambled for Continue Reading
South Korea aims to expand the share of renewables and also natural gas in its fuel mix to gradually cut back its high dependence on coal and nuclear power over Continue Reading
China’s manufacturing sector slowed last month as strict measures to curb winter pollution forced factories to cut production, the latest sign of policymakers’ increasing willingness to sacrifice economic growth in Continue Reading
