Oil prices rise after Saudi Arabia cuts ties with Iran
Oil prices rose Monday on Middle East supply risks after Saudi Arabia cut diplomatic ties with Iran.
At about 1230 GMT, US benchmark West Texas...
Kuwait economy shrinks on falling oil prices
Kuwait's economy contracted last year for the first time since 2010 as the Gulf state suffered the consequences of the global drop in oil...
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...
Eastern Libya ships first oil cargo in defiance of Tripoli
A government based in eastern Libya has shipped its first cargo of crude in defiance of authorities in the capital Tripoli, a bold move...
UN moves to restrict ISIS finances
Russian President Vladimir Putin threw his support Thursday behind a US-backed measure at the UN Security Council to ramp up sanctions against ISIS and cut...
OPEC and Russia talk of oil teamwork, but Saudi talks of investment
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply...
Gulf markets little improvements in pre-holiday trade
Gulf equity markets were narrowly mixed in early trade on Tuesday as investors prepared for extended holidays, with international news providing little to trade...
Oil falls after Saudi-Venezuela talks
Crude oil prices slid lower Monday, pushing US oil below $30 a barrel, after weekend talks between OPEC kingpin Saudi Arabia and Venezuela dashed...
Saudi Arabia's stock market pulls back as Egypt stalls
Saudi Arabia's stock market pulled back in early trade on Wednesday as buying in blue chips petered out, while Egypt's market stalled.
The Saudi index...
Saudi Aramco expects oil prices to rise by end of 2016
Saudi Arabia's state-owned oil giant expects oil prices will climb toward the end the year, saying the current price of around $30 a barrel...
