Iran struggles to find enough ships for oil exports
Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign...
Iran sees oil output rising to pre-sanctions level by June
Iran's oil production will reach pre-sanctions levels within two months, a deputy oil minister was quoted as saying on Tuesday in what could be...
Oman builds industrial outpost in desert to diversify economy
On a stretch of barren coast 550 km (345 miles) south of the capital Muscat, workers at a ship repair yard swarm over cargo...
Jewels still sparkle as Saudi potentially faces austerity
Saudi Arabia may be facing its biggest economic challenge in years but there's little talk of falling oil revenues or austerity at Riyadh's glittering...
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...
White House: Not in Saudi interest to destabilise global economy over 9/11 bill
The White House expressed confidence on Monday that Saudi Arabia would not follow through on a reported threat to sell U.S. assets if Congress...
Iran urges oil producers to keep discussing freeze, says it can't sign up
Iran urged other oil producers on Monday to continue talks on an output freeze to prop up crude prices, but insisted it was justified...
Kuwait oil strike enters second day
A walkout by thousands of Kuwaiti oil workers entered its second day on Monday, slashing production by over 60 percent as the government looks...
Saudia to launch low-cost offshoot airline
State-owned Saudi Arabian Airlines plans to launch a low-cost offshoot next year under initiatives to restructure the kingdom's oil-dependent economy, official media said on...
Saudi Arabia could sell off billions in American assets if bill passes
The Saudi Arabian government has threatened to sell of hundreds of billions of dollars' worth of American assets should the U.S. Congress pass a...
