Saudi Arabia sees signs of “thriving” demand in the oil market after the collapse triggered by the pandemic, the kingdom’s oil minister said on Monday. Prince Abdulaziz bin Salman said Saudi Continue Reading
Saudi Arabia has instigated two oil price wars in the last decade and has lost both. Given its apparent inability to learn from its mistakes it may well instigate another Continue Reading
Saudi Arabia’s export revenue was Riyal 197.84 billion ($52.69 billion) in Q1 2020, down 20.7% from the same quarter in 2019, mainly due to a 21.9% decline in oil export Continue Reading
Amirhossein Zamaninia, Iran’s deputy oil minister for trade and international affairs, was appointed the country’s OPEC governor, replacing the recently deceased Hossein Kazempour, the oil ministry’s news service Shana reported Continue Reading
Iraq on June 7 reported its May crude oil production was 4.213 million b/d, well above its OPEC+ quota, one day after it agreed to improve its compliance with historic Continue Reading
Iraqi lawmakers on June 6 confirmed the appointment of Ihsan Ismael as the country’s new oil minister, according to local media. Receive daily email alerts, subscriber notes & personalize your Continue Reading
Mall operators in the Gulf region are delaying new mega-projects as the coronavirus pandemic and low oil prices upend a retail industry built around huge centres catering to tourists and Continue Reading
Fuel oil exports from Fujairah in the UAE slumped to an 18-month low in May, weighed down by plentiful supplies held in floating storage and contango in Singapore, according to Continue Reading
Iraq wants OPEC+ to take into consideration the economic and living conditions of countries when assigning quotas in oil production cuts, the country’s finance minister said, as OPEC’s second-largest oil Continue Reading
PM Mustafa al-Kadhimi has completed his 22-minister government, can focus on financial crisis and rising pandemic cases. Newly appointed Finance Minister Ali Allawi (left) formally takes over the portfolio from Continue Reading
