An oil and gas discovery announced during the weekend off the coast of Bahrain could hold at least 80 billion barrels, the government announced Wednesday. Bahraini Oil Minister Mohamed bin Continue Reading
Kingdom currently has two fields, one shared with Saudi Arabia New undersea deposit lies off Gulf nation’s western coast Bahrain, the smallest energy producer in the Persian Gulf, discovered its Continue Reading
Tehran has denied that it had anything to do with the blow-up of Bahrain’s biggest oil pipeline that carries crude from Saudi Arabia. In a statement carried by media, the Continue Reading
Middle East international bond sales are off to the strongest ever start to a year as borrower demand for funds outstrips the firepower of local banks in an era of Continue Reading
Russian state-owned oil and gas giant Gazprom is currently working out the matter of creating a liquefied natural gas (LNG) distribution hub in Bahrain. The hub will be meant to Continue Reading
For the Gulf states, maintaining unity becomes all the more important amid economic slowdown. Click here to continue reading… Stratfor provides global awareness and guidance to individuals, governments and businesses Continue Reading
The head of the International Monetary Fund on Monday urged energy exporters of the Middle East to raise more taxes as governments across the region grapple with a dramatic drop Continue Reading
Banks for members of the Gulf Cooperation Council, which includes Saudi Arabia, face pressure from low oil prices despite government support, Moody’s said. Crude oil prices continue to hold near Continue Reading
The negative impact from the plunge in oil prices rippled further throughout crude-producing nations as Standard & Poor’s cut the credit ratings of Saudi Arabia, Oman, Bahrain and Kazakhstan. Saudi Continue Reading
Bahrain and Oman on Tuesday reduced government subsidies on gasoline, becoming the latest Gulf Arab countries to try to cut back on spending and offset the effect of oil prices, Continue Reading
