oil

A worker at a primitive oil refinery poses for a picture at the facility in the town of al-Qahtaniya in Syria's Kurdish-controlled northeastern Hasakah province, near the border with Turkey, on November 15, 2021.

Syria looks to Libya oil deal as blueprint to access vital revenue stream

With more than 15 million Syrians in need of aid an agreement to resurrect oil production may be the answer with Libya setting the precedent

Ibrahim Hamidi 29 April 2023

The decision to reduce production to 3.6 million barrels per day is the largest oil cut since the pandemic

Shutterstock

Why did OPEC+ producers cut oil output?

The decision to reduce production to 3.6 million barrels per day is the largest oil cut since the pandemic

Faisal Faeq 04 April 2023

Shutterstock

Libya's oil wealth: A blessing and a curse

While Libya has an abundance of oil it is politically and strategically divided and lacks economic and human capital

Mohamed Sharki 06 March 2023

An aerial view shows Kuwait City and the National Assembly Building (Kuwait Parliament), Kuwait, March 20, 2020.

REUTERS

Kuwait’s demographic predicament needs skills, not speed

It will take time not legislation to reduce Kuwait's foreign labour force dependence

Amer Ziab Al-Tamimi 01 March 2023

A pump jack of Wintershall DEA is pictured in Emlichheim near the northern German city of Meppen, Germany, March 9, 2022. REUTERS/Fabian Bimmer

Oil Rises On China Demand Hopes, U.S. Inflation in Focus

Oil rose about 1% on Thursday supported by optimism over China's demand outlook and hopes that upcoming inflation data from the United States will point to a slower increase in interest rates. Top…

12 January 2023

OPEC Keeps Oil Targets Amid Uncertainty On Russian Sanctions

The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about the impact of new Western sanctions…

AP 04 December 2022

Saudi Aramco engineers and journalists look at the Hawiyah Natural Gas Liquids Recovery Plant in Hawiyah, in the Eastern Province of Saudi Arabia on June 28, 2021. (AP /Amr Nabil)

The New Saudi Energy Formula

"In the past few decades, our neighbors used to go on a two months’ vacation, leaving the home ACs on. Why? He was told that here in Jeddah, it will be hot when they come back! They could not wait…

Motasem Al Felou - Jeddah 02 September 2022

General view of the site of a bombing at a shopping center as Russia's invasion of Ukraine continues, in Kyiv, Ukraine March 21, 2022. REUTERS/Marko DjuricÃ¡

Russia-Ukraine Conflict Impact on Arab Economies: Losers and Winners

Wars or military confrontations always come with dramatic, impactful changes. The economy is the most fragile or the weakest link that can be shaken with the first sign of instability. Unprecedented…

Motasem Al Felou 25 March 2022

This picture taken on November 17, 2019 shows the Liberia-flagged container ship RDO Concord sailing through Egypt's Suez Canal in the canal's central hub city of Ismailia on the 150th anniversary of the canal's inauguration. (Getty)

Suez Canal: Vital Oil Transit Route With An Ancient History

The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it. The 193…

Majalla 26 March 2021

Gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf July 25, 2005. (Reuters)

While Iran Oil Exports Plummet, the U.S. Presses on with Sanctions

The Iranian government appeared to take heart on Tuesday when Nikki Haley, the outspoken U.S. Ambassador to the United Nations, announced that she would be resigning at the end of the year. The…

Joseph Braude 12 October 2018

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