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...
DUBAI: Expanding fuel shipments from the Gulf will intensify competition from Europe to Asia, squeezing profits across the global refining industry and...
Oil flows out of Iraq suggest the Middle Eastern country is complying, at least in part, with OPEC’s plan to curb production. Observed shipments in January...
DUBAI: Europe is poised to receive the most Iranian crude in about five years this month in a sign that the Gulf nation may be regaining its share of a market...
DUBAI: Saudi Basic Industries Corp. agreed to buy out Royal Dutch Shell PLC’s 50-percent stake in a petrochemical joint venture for $820 million, marking the...
DUBAI: Russia plans to join discussions on limiting oil production only after OPEC members reach an agreement between themselves, meaning talks aimed at...
Iran’s plan to keep boosting crude production until it regains its OPEC market share is dimming prospects of collective action by major producers to freeze...
LONDON: An informal OPEC meeting next month is unlikely to deliver any agreement to limit production because several members including Iran are still pumping...
Iran easily beat expectations with its speed in boosting oil exports after the lifting of sanctions. Without an injection of cash and the easing of remaining...
Saudi Arabia’s state electricity utility is seeking bids from international developers to build two solar-power plants in the kingdom’s northern region.The...
DUBAI: Saudi Arabia will probably keep producing crude at near-record levels under its newly appointed oil minister, Khalid al-Falih, as the world’s...
SINGAPORE: Saudi Arabia raised its pricing for June oil sales to Asia by the most since April 2015, a sign that the world’s biggest crude exporter expects...
CAIRO: Egypt and Gulf Arab crude producers have yet to let Saudi Arabia’s regional rival Iran resume oil shipments through a pipeline they operate to supply...
DUBAI: Kuwait National Petroleum Co. is seeking to borrow $10 billion from local and international banks to upgrade two refineries to produce cleaner burning...
DUBAI: Iran’s diplomatic rift with regional rival Saudi Arabia will stiffen the challenge it faces in attracting foreign investments once sanctions on its...
LONDON: At almost any other time, an escalating diplomatic conflict between OPEC members Iran and Saudi Arabia would mean a spike in oil prices.That the rally...
TEHRAN: Iran is targeting about $30 billion in investment by offering 70 oil and natural gas projects to international companies as the Persian Gulf country...
DUBAI: Iran will pitch more than 50 oil and natural gas projects to foreign investors at a two-day conference in Tehran starting Saturday as the Arab Gulf...
DUBAI: Iran will need to import about 20 percent more gasoline to meet pent-up demand in the first year after economic sanctions are lifted, creating a market...
Dubai’s diamond trade will grow as the Middle East emirate attracts dealers from the industry’s traditional hub in the Belgian port of Antwerp after one of...
DUBAI: The Americas will take the brunt of any cuts in oil production as Iran increases output once international sanctions are lifted, according to a report...
DUBAI: The United Arab Emirates cut gasoline and diesel prices by between 8 and 9 percent for September, the second month during which the Middle Eastern...
DUBAI: If investors were looking for a sign that Saudi Arabia is doing more than just pumping oil at a record pace to shore up its finances, they may have...