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OPEC
April 28th, 2026 - 12:29 GMT
Sally Shakkour

Sally Shakkour

UAE withdraws from OPEC and OPEC+

ALBAWABA - The United Arab Emirates announced its decision to withdraw from OPEC and OPEC+, Emirates News Agency (WAM) reported Tuesday. WAM added that the Guld country's decision to exit OPEC and OPEC+ aligns with the state's long-term strategic and economic vision. The decision will be effective starting from May 1, 2026. According to experts, the withdrawal decision is expected to greatly affect the oil-exporting groups amid the ongoing Middle ...
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Oil prices have picked up, but energy companies are still apprehensive as witnessed by declines in rig activity. (File photo)
March 20th, 2016 - 07:29 GMT

Oil rallies to 2016 high on news of Doha meeting

The University of Lausanne report assessed the level of adherence of the Qatari regulations to the ILO principles on labour conditions. (File photo)
March 20th, 2016 - 06:39 GMT

'Significant improvements' in Qatar's treatment of migrant workers : ILO

Russian emergency rescuer walks through wreckage of the flydubai passenger jet which crashed, killing all 62 people on board as it tried to land in bad weather in the city of Rostov-on-Don on March 19, 2016. (AFP)
March 20th, 2016 - 05:07 GMT

Flydubai announces $20,000 compensation to each family of crash victims

Port Arthur Refinery in Houston, which will be solely controlled by Saudi Refining Inc after the breakup of Motiva. (AFP/File)
March 17th, 2016 - 01:39 GMT

Saudi Aramco, Shell to dissolve 20-year joint US venture

The Leviathan development plan calls for eight production wells to be drilled along with two pipelines. (File photo)
March 17th, 2016 - 01:00 GMT

Noble Energy plans to have Leviathan gas flowing by 2019

The power station in south Cairo is under development at a total cost of $1.7 billion to generate 1.950 megawatts. (File photo)
March 17th, 2016 - 12:00 GMT

Kuwait Fund approves $108M loan to Egypt for new power station

Brent and WTI crude currently stand around $39 and $37 a barrel respectively from lows of below $30. (File photo)
March 17th, 2016 - 11:00 GMT

Qatar to host oil production-freeze talks April 17

Nonprofit groups in the US have long raised money to be sent overseas to Israel, in addition to the billions in aid pledged each year by the US government. (AFP/File)
March 17th, 2016 - 10:00 GMT

US NGO raises over $24M for Israeli soldiers in one night

Prior to the civil war, Libya was producing more than 1 million bpd, compared to 480,000 bpd in 2014.  (Oilpro)
March 17th, 2016 - 09:00 GMT

Libyan oil production at five-year low

Both countries have suffered a decline in tourism as a result of suspended flights. (Wikimedia Commons)
March 17th, 2016 - 08:00 GMT

Egypt, Russia working to resume flights 'as soon as possible'

The campaigners stickers are now being seen at the entrance to more stores in Amman. (Facebook)
March 17th, 2016 - 07:00 GMT

Jordan's resurrected BDS campaign gains momentum

New supply of housing in Qatar has been typically oriented towards mid-high and high end properties. (Al Huda Engineering)
March 17th, 2016 - 06:00 GMT

Qatar's lack of affordable housing a prevalent issue as rental costs escalate

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