OPEC sees oil glut shrinking in 2016 as low prices curb rival output
OPEC said its oil output fell in October and forecast supply from rival producers next year would decline for the first time since 2007...
World Bank: Slowing emerging markets hamper oil recovery
The World Bank warned Tuesday that slowing emerging-market economies were hampering an oil recovery, and prices could sink further in a blow to a...
Kuwait and Saudi agree to resume output at disputed oilfield
Saudi Arabia and Kuwait have reached a deal to resume production at the disputed Khafji offshore oilfield, Kuwait's acting oil minister said on Tuesday.
"An...
Oil revenues down, Algeria calls on energy investors
After a deep slide in oil prices, Algeria's Sonatrach is shifting strategy to offer foreign firms direct negotiations to buy stakes in 20 oil...
Oil price to start slow recovery in 2017, says International Energy Agency
World oil prices are unlikely to rise from current levels before 2017, and even then their recovery will be slow as massive oil stocks...
IEA say OPEC responsible for oil glut of supplies
Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the market would be misplaced,...
Oil extends losses in Asia on strong OPEC output
Oil tumbled to fresh multi-year lows in Asia Friday after OPEC said output had surged, exacerbating concerns over a supply glut that is expected...
Lebanon faces economic ‘catastrophe’ according to the new Prime Minister
Debt-ridden Lebanon faces an economic "catastrophe", Prime Minister Hassan Diab said on Wednesday as his newly unveiled cabinet met for the first time.
The U.S....
Saudi Arabia: Low oil price threatens future supply crisis
Leading crude oil exporter Saudi Arabia warned on Monday of a supply crisis after massive energy investments were cancelled because of the sharp decline...
Saudi gets over 322,000 jobs in private sector alone
RIYADH: The year 2014 showed a considerable increase in terms of nationalization with 322,358 male and female Saudis landing jobs in the private sector,...
