News

NBC Los Angeles3d
The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble
Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar — hold approximately 32.6% of the world’s proven crude oil reserves.
Gulf Today8d
Opec+ unexpectedly speeds up oil output hikes, oil drops
Inayat-ur-Rahman, Business Editor / Reuters Eight Opec+ countries unexpectedly agreed to advance their plan to phase out oil ...
Exclusive: US energy chief Wright heads to Middle East for nearly two weeks, source says
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
Arabian Business10d
OPEC+: Saudi, UAE, Kuwait, Oman and others announce oil production increase
The eight OPEC+ countries, which previously announced additional voluntary ... since January 2024 and to submit updated front-loaded compensation plans to the OPEC Secretariat by April 15, 2025, which ...
UPI9d
8 OPEC nations boost crude oil production by 411,000 barrels a day
Nymex WTI prices were down 6.41% at $67.11 per barrel. The OPEC countries were expected to ramp up production by just under 140,000 barrels a day. They said this move will increase the ...
Gulf Times9d
Opec+ unexpectedly speeds up output hikes; oil drops
But after a meeting of the eight countries held online on Thursday, the group announced it would boost output by 411,000 bpd in May. Opec cited “continuing healthy market fundamentals and the ...
Gulf Business10d
OPEC+ speeds up oil output hikes, oil drops
But after a meeting of the eight countries held online on Thursday, the group announced it would boost output by 411,000 bpd in May. OPEC cited “continuing healthy market fundamentals and the ...