OPEC meeting on output freeze unlikely without Iran progress
A meeting between oil producers to discuss a global pact on freezing production is unlikely to take place in Russia on March 20, sources...
OPEC fails to agree policy but Saudis pledge no shocks
Saudi Arabia promised on Thursday not to flood the oil market with extra barrels even as OPEC failed to agree on output policy, with...
Kuwait to launch free economic zone on islands
Kuwait has said it will establish a free economic zone on five islands close to the shorelines of regional heavyweights Iraq and Iran with...
Oil ouput freeze already in place, says UAE
Emirati Oil Minister Suhail Mazrouei said Monday that current market prices are forcing most producers to freeze oil output levels, insisting it made "no...
Jubeir: Saudi will not cut oil production
Saudi Arabia is "not prepared" to cut oil production, its foreign minister said on Thursday, after the top exporter agreed with Russia to freeze...
Asia shares hit 3-1/2-year lows as oil resumes fall
Asian stocks surrendered earlier gains to hit 3-1/2-year lows on Friday as renewed pressure on oil prices and disappointing Chinese data kept investors on...
No sign of Saudi rescuing oil market
Low oil prices have pushed top exporter Saudi Arabia to hasten difficult economic reforms and cut spending on popular benefits, but it has few...
Lockheed Martin separating unit, combining it with Leidos
Lockheed Martin is separating its information systems and global solutions unit, combining it with the engineering company Leidos so that it can focus on...
A 500 mln dinar increase in Kuwait ministries budget
Following the Coronaviurs outbreak, state news agency (KUNA) reported that Kuwait's cabinet approved a bill on Monday to increase the budget of ministries and...
Mobile phone companies’ decline in services angers customers
Telephone companies are one of the biggest projects in Saudi Arabia, where Saudi citizens and residents were globally rated as top Internet and phone...
