Deputy Crown Prince chairs first meeting of Supreme Council of Saudi Aramco in Jeddah
The Supreme Council of the Saudi Arabian Oil Company (Saudi Aramco) held its first meeting on Wednesday evening in Jeddah.
The meeting was chaired by...
Oil prices hold steady
Oil steadied Thursday as traders digested rising crude inventories and falling output in the United States, alongside hopes that talks among major producers could...
Iran pushes OPEC oil output to new high as sanctions are lifted
Iran provides biggest increase after sanctions lifted * Saudi Arabia, Iraq also pump more in January * Indonesia's return boosts absolute level of OPEC...
Economy down 3% due to Coronavirus in Jordan
Jordan's cash-strapped economy is expected to contract around 3% in 2020 due to the impact of the Coronavirus, the finance minister said on Sunday.
The...
Uganda aim for oil production by 2018 after pipeline deal
A Ugandan official says hopes to produce crude oil by 2018 have been boosted by an agreement to build a pipeline through Tanzania to...
Kuwait oil strike enters day 3, some output restored
A strike by oil workers that has slashed Kuwait's output entered its third day on Tuesday but the state oil firm said it had...
Oil traders get closer look at what might prompt Saudi rethink
Saudi Arabia has given oil traders the first glimmer of clarity on what it might take to prompt the world's biggest crude exporter to...
Saudi Arabian builders delay payments amid state spending clampdown
Some Saudi Arabian construction companies are struggling to pay their staff on time in a sign of growing pressure on the economy from low...
Oil prices rise awaiting OPEC gathering
Oil prices rose Monday as the market looked ahead to the end of the week when OPEC decides on whether to change its crude...
Wall St higher as little impact seen from Paris attacks
Wall Street was higher in choppy trading on Monday with investors seeing little long-term economic impact from Friday's deadly attacks in Paris.
Eight of the...
