SAUDI Arabia’s decision to cut oil output by one million barrels per day (bpd) for February and March this year … More
Tag: OPEC
Oil exporting Mena countries to lose Dh991 billion in 2020: IMF
Oil-exporting countries in the Middle East and North Africa will lose $270 billion (Dh991 billion) in oil export receipts in … More
OPEC, allies agree to extend deep output cuts through July
The OPEC 13-member cartel and its allies, notably Russia, decided to extend by a month deep May and June cuts agreed in April to boost prices,
Commentary: Low oil prices gives Asia the chance to steer Middle East geopolitics
In a buyers’ market, Asian countries can seize the moment to develop oil contracts that give the Iraqi industry a much-needed boost,
US to remove Patriots, other military assets from Saudi Arabia
WSJ: four batteries of Patriot surface-to-air missiles sent to deter Iranians will be removed from Saudi oil facilities. The United … More
Oil prices fall as producers keep pumping crude
Oil prices declined on Monday after three days of gains as worries of a supply glut resurfaced on new data showing production levels were higher in April.
