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Strategic Oil Reserves
March 14th, 2026 - 12:53 GMT
Osama Ali

Osama Ali

Japan announces major oil reserve release amid Iran war market shock

ALBAWBA - As part of an international effort to calm the world's energy markets after the conflict with Iran caused substantial price hikes, Japan announced intentions to release a significant amount of its strategic oil reserves. After initially expressing reluctance, European nations have decided to take part in a coordinated release of oil reserves, according to Japanese Industry Minister Ryosei Akazawa on Saturday. After Japan had earlier assisted in easing ...
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Fake Currency Seized From a Syrian Expat in Kuwait. (Pixabay)
June 28th, 2018 - 07:35 GMT

Fake Currency Seized From a Syrian Expat in Kuwait

24k gold was priced at Dh151.75 in Dubai and 22k can be bought at Dh142.50. (Shutterstock)
June 28th, 2018 - 07:27 GMT

Dubai Gold Remains Near 6-Month Low

Sensex suffered more losses as rupee hits record low. (Pixabay)
June 28th, 2018 - 07:23 GMT

Indian Rupee Collapses to Lifetime Low Against US Dollar

Kuwait city occupied the fourth place among Arab cities preceded by Cairo, Rabat and Casablanca respectively. (Shutterstock)
June 28th, 2018 - 07:13 GMT

Kuwait Ranks Last Among GCC in Terms of Living Costs for Expats

The UAE is the biggest trade partner of Hong Kong in the Middle East, as the value of the non-oil trade exchange between the two countries accounted for $8.9 billion in 2017. (File/ photo)
June 27th, 2018 - 10:55 GMT

UAE-Hong Kong Non-Oil Trade Reaches $8.9 Billion

The official said a U.S. delegation would head to the Middle East next week to encourage Gulf oil producers to ensure global oil supplies as Iran is cut out of the market as of November. (Shutterstock)
June 27th, 2018 - 10:46 GMT

US Pushing Allies to Stop Iran Oil Imports

Crypto prices were under pressure in recent weeks, with Bitcoin falling 70% from its December high just short of $20,000. (Shutterstock)
June 27th, 2018 - 09:35 GMT

Crypto Plunges; Apple Co-Founder Warns of Blockchain Bubble

Qatar currently produces 600,000 bpd in May, down from 620,000 bpd in April, according to the latest S&P Global Platts OPEC survey. (Shutterstock)
June 27th, 2018 - 09:28 GMT

Qatar Petroleum to Raise Oil Output by 30,000 bpd

Jordan deficit in the trade balance fell by 5 per cent in the first half of this year. (Shutterstock)
June 27th, 2018 - 09:02 GMT

Jordan Trade Balance Deficit Falls by 5 Percent in First Half of Year

Members of the Youth and Human Resources Committee at the Shura Council met with the representative of the Omanisation Committees in the sales and distribution sector, in addition to companies that work in the sector. (Twitter)
June 27th, 2018 - 07:52 GMT

Sales and Distribution Sector to Provide 11,000 Jobs for Omanis

The valuation gap between stocks in Saudi Arabia and Dubai has expanded to the widest since 2011. (AFP)
June 27th, 2018 - 07:45 GMT

Saudi Stocks Most Expensive Versus Dubai in Seven Years

Eni revealed almost three years ago that it had found one of the world’s biggest gas fields offshore, called Zohr. (AFP)
June 27th, 2018 - 07:21 GMT

Is Egypt About to Announce Another Big Gas Find?

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