Saudi Arabia, OPEC’s dominant producer, will keep doing the heavy lifting as the cartel and its allies were all but forced to extend their effort to counter...
Saudi Arabia plans to meet all requests for oil purchases it has received for June, notably from countries that had to stop buying Iranian crude because of...
Saudi Aramco’s IPO is moving ahead and all options are open on where to list shares of the giant oil producer, the country’s finance minister said. The Saudi...
DUBAI: OPEC’s effort to secure cooperation of nonmembers in a global deal to curb crude output will roll on from Istanbul to Vienna, with Russia on board but...
DUBAI: The oil price could recover to $60 a barrel by the end of 2016, Saudi Arabia’s energy minister said, just weeks after agreeing to cut supply for the...
The National Oil Corp. based in Tripoli has the right to take legal action against any party that tries to export crude or products from Libya without its...
DUBAI: Iraq’s northern Kurdish region chose the first half of September to start making regular payments to oil companies including DNO ASA and Genel Energy...
Iraq’s Kurds are boosting crude output threefold by the end of 2015 and plan soon to resume talks with the new central government, signaling that a...
Iraq’s oil minister said the nation’s crude exports would accelerate next month, adding to signs that violence in the country’s north is not affecting the...
DOHA: The Organization of Petroleum Exporting Countries will accommodate additional output from members Iraq, Iran and Libya, Secretary-General Abdulla...
DUBAI: U.S. loan guarantees are boosting Jordan’s bonds as investors bet the $1 billion in aid will help the Middle East nation pay rising costs for energy...
Iraq plans to sell bonds for the first time since 2006 as surging oil revenue pushes borrowing costs lower even as sectarian violence in the troubled nation...
Iraq threatened to cut oil revenue to the Kurdish north in a deepening standoff over a new export pipeline that companies from DNO International ASA to Genel...
The resignation of Iraq’s finance minister amid an upsurge in violence in the oil-producing nation added to investor concerns that are sending bond...
Iraq jumped two places to No. 2 in OPEC’s rankings this year, cementing its position among the world’s leading oil producers. Neighboring Iran...
Iran and the United Arab Emirates, the fifth- and sixth-largest producers in OPEC, said they were content with oil prices and market supply, signaling they...
Jordan may need to offer investors more than lower-rated Lebanon when selling as much as $1.5 billion in bonds as regional unrest strains its budget and...
Lebanon’s Cabinet is in the final stages of appointing a body that will organize bids for the country’s first offshore oil and natural-gas...
OPEC crude output fell for a second month in July as Saudi Arabia cut production and Iran pumped less than Iraq for the first time in at least 20 years. Iran...
Chevron Corp. will be denied exploration contracts with Iraq’s government because the second-largest U.S. energy company agreed to do business in the...
The Iraqi government incurred $6.65 billion in lost revenue over the past few years after the regional Kurdish government didn’t supply it with the...
Libya, the holder of Africa’s biggest oil reserves, will produce as much as 800,000 barrels of crude a day by the end of this year, the chairman of...
DUBAI: Output at Rumaila, Iraq’s largest oilfield, will resume at more than 1.2 million barrels a day within 48 hours of the completion of repairs from...
AMMAN: Jordanian tourism revenue dropped 10.6 percent in the first five months of 2011 from a year earlier due to regional turmoil, according to Jordan...
AMMAN: Iraq, recovering from decades of war and sanctions, may sell its first bonds since 2006 next year as rising oil revenue and increased stability help...