Falih slowly wins back OPEC for Saudis
Russian oil billionaire Vagit Alekperov isn't easily swayed, but Saudi Arabia's new Energy Minister Khalid al-Falih achieved it this week.
Intense diplomacy by the soft-spoken...
Bill Gates looks to Gulf in anti-poverty campaign despite oil glut
Low oil prices and tight budgets in the Gulf are making it harder to raise money for a fund tackling poverty in the Muslim...
Saudi to ban foreigners from selling mobile phones, create jobs for citizens
In an effort to provide more jobs to Saudi Arabian citizens, the kingdom will ban foreign workers from selling and maintaining mobile phones and...
BP to cut 4,000 jobs amid oil price plunge
Oil company BP is cutting some 4,000 jobs in exploration and production over the next two years amid sharp drops in the price of...
A bold plan and a big challenge
It is a tall order that the deputy crown prince Mohammed bin Salman has placed so emphatically on the table: to wean his country’s...
Losses from oil blockade surpass $4 billion in Libya
Amid an escalation of fighting between rival forces for the capital Tripoli, losses from a protracted blockade of Libya's vital oil files and ports...
Saudi energy minister: Oil market heading toward a balance, prices settling
The energy minister of Saudi Arabia, the world's largest oil exporter, and the secretary general of OPEC agree that the global oil market is...
Russia says coordinated oil output cuts with OPEC unlikely
Russian Energy Minister Alexander Novak said on Friday coordinated oil production cuts with OPEC to support falling oil prices were unlikely and would be...
Iran says oil exports still constrained after sanctions lifted
Iran still faces constraints on oil exports as buyers are cautious about boosting trade immediately because of banking and ship insurance difficulties, a senior...
Chinese businessman grows Asian Halal meat industry
The wine-swilling co-founder of Sai Wai Xiang Halal Foodstuff Co enjoys his pork and does not follow Islam, but still sells more than $50...
