The Middle East produces a fifth of the world’s oil, but the region’s never had a benchmark price that competes with London’s Brent or New York’s WTI. That...
The biggest oil exporter is stepping up its efforts to become a major force in natural gas. Saudi Aramco, the world’s most profitable company, is trying to...
The Saudi decision to shrink the Energy Ministry will leave the kingdom’s oil policy unchanged as the world’s largest crude exporter continues cutting output...
Saudi Arabia is fulfilling its pledge to make deeper cuts in oil output than the OPEC+ agreement on output requires, according to the first indication of the...
Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore oil fields even as the kingdom and...
Abu Dhabi’s government-owned oil giant was assigned the region’s highest credit rating as the company pursues international investors and seeks to raise new...
Qatar Petroleum is buying stakes in three offshore oil blocks in Mexico from Eni SpA, as the Arab country signs another global expansion deal after leaving...
The biggest snag in OPEC’s push for a consensus on cutting oil output could come from relentless growth in supply from its second-biggest producer,...
Iran is starting to store oil on its fleet of supertankers again as impending U.S. sanctions force the Gulf country to revive a strategy it deployed under...
The war of words between U.S. President Donald Trump and his counterpart in Iran over oil exports and sanctions is shining a spotlight on the narrow, twisting...
Saudi Aramco may buy shares in chemical producer Saudi Basic Industries Corp. from the country’s sovereign wealth fund as the world’s biggest crude oil...
Some oil traders are already steering clear of doing business with Iran as U.S. President Donald Trump signals he’ll ditch the nuclear deal with...
Italy’s Eni SpA is due to sign a contract with state producer Abu Dhabi National Oil Co. for two offshore oil blocks in the Gulf, according to several people...
Abu Dhabi awarded a second slice of its offshore oil concessions in as many weeks, this time to Spanish refiner and producer Cia Espanola de Petroleos SA for...
Saudi Aramco’s trading unit started swapping the kingdom’s crude oil for products refined in other countries, allowing the company to tap new markets,...
Iran, already struggling to attract investors to its energy industry, may find things tougher still as U.S. President Donald Trump refuses to certify the...
Oil flowed normally from fields in northern Iraq even as government troops and allied militias faced off with forces from the independence-seeking Kurdish...
Iran, already struggling to attract investors to its energy industry, may find things tougher still as U.S. President Donald Trump tries to undermine the...
Oman, the biggest Arab oil producer outside of OPEC, is turning up the heat in a regional battle for business from ships in need of fuel with a $600 million...
Abu Dhabi National Oil Co. is considering a plan to sell shares in its shipping unit as part of a broader strategy to attract investment into the emirate that...
Abu Dhabi National Oil Co. asked banks for proposals to manage the sale of a project bond and is also seeking a loan as the government-owned energy producer...
DUBAI: OPEC member Kuwait plans to start trading energy and not just producing it, joining other Middle Eastern producers eager to claw back some of the...
When it comes to natural gas shipments, the United Arab Emirates needs Qatar more than Qatar needs the UAE. The UAE joined Saudi Arabia in cutting off air,...
DUBAI: The Middle East’s largest ports banned entry to all Qatari-flagged vessels, deepening the economic isolation of the gas-rich Gulf state from its...
DUBAI: Iranian President Hassan Rouhani is in a stronger position after his re-election to push through plans for wooing foreign investors the country needs...