Saudi Arabia reaffirms full compliance with OPEC+ output targets, highlighting transparency, strategic inventory, and market ...

According to the government, Saudi Arabia affirms its adherence to the voluntary OPEC+ output target. There is full ...

A new passenger terminal has opened at Velana International Airport in the Maldives on July 26, increasing capacity and ...

Ramped-up oil production and diversification efforts will help most Gulf economies grow faster this year than they did in ...

Oil traders expect OPEC+ will agree another bumper production increase this weekend, completing the revival of its current ...

Diesel has raced ahead of crude in recent months, and the causes don’t appear to be short term. The post Benchmark diesel ...

Oil traders widely expect the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to approve another significant oil ...

Oil prices dipped slightly on Wednesday as investors awaited developments on U.S. President Donald Trump's tighter deadline for Russia to end the war in Ukraine and his tariff threats to countries ...

President Trump's visit to the Fed is the latest development in his long-running fight with Fed Chair Powell that has focused ...

Iran’s oil revenues surpassed $46 billion in 2024, marking a year-on-year increase of over $5.6 billion, or 14 percent, ...

New European Union sanctions targeting Russia's oil industry will reshuffle global diesel flows for the second time since ...

A Kuwaiti company has won a contract to replace an old subsea crude pipeline in the oil-rich Neutral Zone shared by Gulf Opec members Kuwait and Saudi Arabia. The contract has a value of around KD19.8 ...