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...
Manchester United seeks to build brand in Asia with Gulf Oil
Manchester United said on Monday it had cut a three-year partnership deal with Gulf Oil International, showing the club's appeal as a global brand...
Large business scope for British ventures in Saudi Arabia
The opportunities for doing business in Saudi Arabia were explored during a day-long conference organized by the Middle East Association (MEA) and sponsored by...
Rising oil output accelerates Saudi economic growth
Rising oil output boosted Saudi Arabia’s economic growth to its fastest pace in over a year in the second quarter of 2015, data showed...
Foreign governments press Saudi Arabia on workers' delayed wages
Foreign governments are pressing authorities and executives in Saudi Arabia to ensure that local construction firms make delayed salary payments to thousands of workers,...
Oil prices up in Asia ahead of OPEC meeting
Oil prices climbed in Asia Tuesday before a meeting of the OPEC oil cartel and a report on US commercial crude inventories which will...
$30 oil is 'irrational' and a rebound is 'inevitable,' according to Saudi Arabia
Saudi Arabia thinks oil prices at $30 per barrel are “irrational.”
According to a report in The Financial Times, Khalid al-Falih, chairman of the state-owned...
Iraq asks BP to study developing Kirkuk oilfields
Iraq has asked British energy giant BP to draft a study on boosting production in all the oilfields of northern Kirkuk province, Oil Minister...
Businesses devastated by the Virus outbreak
The Department of Labor in the U.S. reported more than 6.6 million Americans applied for unemployment benefits last week, far exceeding a record high...
OPEC set for policy rollover, no sign of Saudi cut plan
OPEC (The Organization of the Petroleum Exporting Countries) will likely decide to roll over oil production at its meeting on Friday, sources said, with...
