oil

OPEC+ starts meetings to weigh further steps to support market
Middle East

OPEC+ starts meetings to weigh further steps to support market

LONDON (Reuters) – The Organization of Petroleum Exporting Countries and allies started meetings on Monday that will look at further…
Saudi Aramco hires banks for multi-tranche bond deal
Middle East

Saudi Aramco hires banks for multi-tranche bond deal

DUBAI (Reuters) – Saudi Aramco said on Monday it has hired a group of banks ahead of a multi-tranche US dollar-denominated…
Oil gains as vaccine hopes outweigh lockdown impact
World

Oil gains as vaccine hopes outweigh lockdown impact

LONDON (Reuters) – Oil prices rose on Tuesday as hopes that a COVID-19 vaccine could be on the horizon outweighed…
Libya’s oil production recovers past 1M barrel a day
Middle East

Libya’s oil production recovers past 1M barrel a day

CAIRO (AP) — Libya’s oil production has surged past 1 million barrels a day, national petroleum officials said on Saturday,…
Kuwait says supports any OPEC+ supply decision as 2021 curbs loom
Middle East

Kuwait says supports any OPEC+ supply decision as 2021 curbs loom

DUBAI/BAGHDAD/LONDON (Reuters) – Kuwait said on Thursday it would support any decision made by OPEC and its allies on future…
Libya to resume oil production at largest field amid talks
Middle East

Libya to resume oil production at largest field amid talks

CAIRO (AP) — Libya’s national oil company announced Sunday it was resuming production at the country’s largest oil field as…
Third Iranian tanker docks at Venezuelan port; Maduro promises fuel supply
Middle East

Third Iranian tanker docks at Venezuelan port; Maduro promises fuel supply

CARACAS (Reuters) – The final tanker in a flotilla of three Iranian fuel tankers docked at eastern Venezuela’s Guaraguao port…
Libyan official: Sarraj opposes oil deal with rival Haftar
Middle East

Libyan official: Sarraj opposes oil deal with rival Haftar

CAIRO (AP) — Libyan officials said Saturday that the leader of the UN-supported government would not support a deal with…
Middle East stocks: Most Gulf markets gain; Saudi bourse slips
Middle East

Middle East stocks: Most Gulf markets gain; Saudi bourse slips

(Reuters) – Most Middle Eastern markets ended higher on Wednesday, with Bahrain outperforming the region, while bank stocks weighed on…
Oil slides 5% to lowest since June on demand fears
Middle East

Oil slides 5% to lowest since June on demand fears

LONDON (Reuters) – Oil slid five percent to below US$40 a barrel on Tuesday, its lowest since June, pressured by…
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