Talks to extend OPEC+ production cuts hit an impasse on Thursday after Iraq said it will only be able to reach its output target at the end of July, defying an ultimatum from Saudi Arabia and Russia …
Russia and Saudi Arabia ‘basically the central banks of oil,’ analyst says
Karen Kostanian, head of EEMEA oil and gas research at Bank of America Global Research, discusses OPEC+ and the oil market.
Iran Quds force head Ghaani arrives in Iraq
Kuwait reports 526 new cases in 24 hours, total climbs to 29,921 Jewish community in UAE sends video blessing to country, leadership Defying UN, Houthis attacking Saudi Arabia with explosives from Ira …
Oil Rallies After Saudi Arabia and Russia Agree to Extend Supply Cuts
Oil prices ended higher after a volatile session, lifted by an agreement between Saudi Arabia and Russia to extend supply cuts through July.
Bahrain To Speed Up Development Of Huge 80 Billion Barrel Oil Reserves
Bahrain has suffered from Saudi Arabia’s oil price wars, but the Kingdom is now looking to become more independent from its neighbour by rapidly developing its latest major oil find …
Coronavirus recovery: Saudi Arabia, UAE, Egypt business conditions decline slows
Business conditions in Saudi Arabia, the UAE, and Egypt declined in May at a slower pace than in April, suggesting the worst of the coronavirus downturn may be over, according to data from IHS Markit.
U.N., Saudi Arabia raise $1.35B in Yemen humanitarian funds
Donors have pledged $1.3 billion for aid in war-torn Yemen but the total was well below the $2.4 billion the United Nations aimed to raise.
Saudi Arabia poised to reverse extra production cuts as Opec+ meets
As part of the deal two months ago, the Opec+ group that includes Saudi Arabia and Russia agreed its biggest-ever production curbs of 9.7m barrels a day. The deal ended a price war between the …
Policy Change Will End Accompanied Tours for Troops Deploying to Bahrain, Qatar
Over the next two years, troops will see their tours in eight countries extend to 12 months: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen and Iraq. Troops families won’t be …
Yemen pledging drive hopes to raise $2.4 bln to save aid ops as virus spreads
The United Nations and Saudi Arabia host a pledging conference for war-ravaged Yemen on Tuesday to help raise some $2.4 billion as funding shortages imperil the world’s biggest aid operation. DUBAI, …