Saudi airlines are forecast to suffer the most among their Middle East peers due to travel restrictions caused by the corona pandemic, but the biggest impact on GDP and jobs Continue Reading
The first crude export in more than five years from the Neutral Zone shared by Kuwait and with Saudi Arabia is set to take place this week, a shipping source Continue Reading
Iraq saw its oil revenues cut nearly in half in March when oil prices collapsed, even though OPEC’s second-largest producer exported more barrels of crude last month than it did Continue Reading
China’s independent refineries’ crude imports from the Middle East jumped 59% on the month in March, with Saudi Arabian shipments climbing to the top second place, a monthly survey by Continue Reading
American shale producers have launched an aggressive lobbying campaign in support of new sanctions against Saudi Arabia and Russia, urging the White House to compel the oil producing nations to Continue Reading
U.S. President Donald Trump said on Wednesday that Iran or its proxies planned a sneak attack on U.S. targets in Iraq, and warned they would pay a “very heavy price” Continue Reading
As Iran struggles with a devastating coronavirus outbreak, a broken economy and a severe shortage of medical equipment, it says that American trade sanctions are taking Iranian lives and has Continue Reading
Restrictions on movement and trade as a result of the Covid-19 pandemic have led to a significant shift in consumer behaviour in Saudi Arabia, with locals increasingly turning to digital Continue Reading
Iraq’s crude exports averaged 3.390 million b/d in March, little changed from February, but average crude prices plunged 45%, the oil ministry said Wednesday. Receive daily email alerts, subscriber notes Continue Reading
The committee proposed Kurdish oil be marketed by Baghdad It also recommended salary cuts, lower spending Delaying payments of foreign debt was also suggested Dubai — Iraq’s economic parliamentary committee Continue Reading
