Lebanon to discontinue paying outstanding Eurobonds
Lebanon, hit by a grinding dollar liquidity crunch amid its worst economic recession in decades, had set the stage for a default on its...
Saudi inventors win seven medals at iENA-2015 expo
Saudi inventors made a mark in an international exhibition, winning seven medals including two gold, three silver and two bronze for their brilliant innovations.
Their...
Saudi prince to discuss reform drive in visits to China and Japan
Saudi Arabia's powerful Deputy Crown Prince Mohammed bin Salman will discuss the kingdom's drive to cut its reliance on oil exports in visits to...
Qatar energy minister wants 'fair' oil price
The oil market is slowly recovering from its steep drop over the past two years but crude is still not trading at a "fair...
SABIC chief expects decision on $30 bln Saudi project in Q2
Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, expects to make a decision in the second quarter of 2016 on...
Kuwait awards record $30 bn on projects despite oil slide
Kuwait has awarded projects worth a record $30 billion so far this year despite the sharp fall in oil income, officials and experts said...
Venezuela sending new proposals to OPEC and non-OPEC producers
Venezuela is sending new proposals to leaders of OPEC and non-OPEC countries to stabilize the oil market, President Nicolas Maduro said in a televised...
Saudi Naimi says global oil demand can absorb Iran output jump
Saudi Arabian oil minister Ali al-Naimi said on Friday growing global demand could absorb an expected jump in Iranian production next year while the...
OPEC oil production rises in September
OPEC oil output has risen in September from the month before, a Reuters survey found, as Iraq’s northern exports recovered from disruption that had...
Oil prices give up gains ahead of Federal Reserve move
Oil prices retreated in Asian trade on Wednesday following fresh indications of growing oversupply ahead of the US Federal Reserve's long-awaited decision on interest...
