Oil surged Thursday close to 3.5-year peaks on simmering Mideast tensions and keen U.S. demand, while London stocks rose with drugmaker Shire boosted by a...
A World Bank report has projected economic growth in the Middle East and North Africa will reach 3.1 percent in 2018 compared to 2 percent in 2017.
Omani and Kuwaiti oil ministers Monday called on OPEC and non-OPEC producers to continue their unprecedented cooperation to maintain stability in the energy...
Omani and Kuwaiti oil ministers on Monday called on OPEC and non-OPEC producers to continue their unprecedented cooperation to maintain stability in the...
The deal OPEC struck in 2016 to clear a global glut by halting a significant chunk of oil production took almost a year of bargaining and brinkmanship.
Saudi Arabia wants to get oil prices near $80 a barrel to pay for the government’s crowded policy agenda and support the valuation of state energy giant...
Libya's National Oil Corporation (NOC) said Wednesday it had signed a deal with French building and engineering group Artelia to manage the development of its...
Bahrain Wednesday announced it’s newly discovered shale oil reserve was estimated to contain more than 80 billion barrels, making the once-marginal oil...
Libya's National Oil Corporation (NOC) said Wednesday it had signed a deal with French building and engineering group Artelia to manage the development of an...
Russian Energy Minister Alexander Novak said Tuesday a joint organization for cooperation between OPEC and non-OPEC countries may be set up once the current...
The global deal to rein in oil output has removed “85 percent of the problem” of oversupply, and OPEC and allied producers are seeking ways to cooperate after...
Exxon Mobil Corp., Total SA and Lukoil PJSC are among international companies interested to win rights to develop 11 oil and gas border fields as OPEC’s No. 2...
Stock markets and other riskier assets steadied on Thursday as investors dusted themselves down after a woeful week for the tech sector, readying for what was...
The OPEC cartel and a group of allied oil-producing nations will decide by the end of this year whether to extend production cuts and by how long, Iraqi and...
Investment in the oil industry is increasing as oil prices recover but has not yet reached the level prior to the market's 2014 downturn, the secretary...
OPEC and Russia are working on a long-term deal to cooperate on oil supply curbs that could extend controls over world oil supplies by major exporters for...
Oil erased earlier gains as investors worry that American crude stockpiles may have resumed their expansion.
Oil exports from southern Iraq have fallen by 70,000 barrels per day this month, according to shipping data and an industry source, suggesting OPEC’s...
Algeria plans to offer tax incentives in a planned new energy law to attract more investment and is in discussion with foreign energy firms including BP and...