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Venezuela banks $300M from first U.S. brokered oil sale
January 21st, 2026 - 10:03 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Venezuela banks $300M from first U.S. brokered oil sale

ALBAWABA- Venezuela has received $300 million in oil revenue from a U.S. facilitated crude sale, interim president Delcy Rodríguez announced on Tuesday, marking the first funds to flow under an oil agreement arranged after the kidnapping of President Nicolás Maduro earlier this month. Rodríguez said the funds, part of an expected $500 million in proceeds from U.S. sales of Venezuelan crude, will be channeled into the foreign exchange market through national ...
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The suspension could have major implications for Saudi companies and the auditing market in the kingdom.
December 1st, 2014 - 11:52 GMT

Saudi Arabia suspends Deloitte's auditing work due to 'mystery' cases

Both U.S. crude and Brent have fallen for five straight months, oil’s longest losing streak since the 2008 financial crisis.
December 1st, 2014 - 11:43 GMT

How low/long can it go? Oil officially hits 5 year low in longest losing streak since 2008

“The market will dictate the right sustainable and stable price. ... We need to allow enough time for market stability,” he added.
December 1st, 2014 - 05:55 GMT

The tyranny of the minority? OPEC output decision 'not good for all', says Iran

Compensation for hundreds of displaced families will cost the government LE1 billion, said El-Sisi earlier this month.
November 30th, 2014 - 10:25 GMT

How about not flatenning neighborhoods first? Egypt plans to rebuild Rafah area

600 buses will be supplied by the United Arab Emirates to Egypt next February
November 30th, 2014 - 09:53 GMT

'Creative' aid? the UAE gifts Egypt 600 buses

Gulf markets felt the sting of an OPEC decision last Thursday to maintain export quotas
November 30th, 2014 - 09:29 GMT

Dependency's ugly side: Egypt's stocks falter as Gulf markets slide

The price of Brent crude has tumbled about 10 percent to $70.15 per barrel since regional equity markets last traded on Thursday.
November 30th, 2014 - 01:05 GMT

The domino effect? Panic selling in Gulf markets over plunging oil prices

The UK’s Sunday Times newspaper said that it has submitted previously unpublished material providing further details of the allegations to a House of Commons committee.
November 30th, 2014 - 12:59 GMT

It's never over: fresh World Cup allegations arise against Qatar, Russia

Oil analysts said the OPEC decision left the oil market vulnerable to much bigger falls as abundant supply of high quality,
November 30th, 2014 - 05:55 GMT

Oil prices take another nosedive after OPEC's dubious decision

Sabban also stated that oil prices would never cross $100 again. “It will be a thing of the past.”
November 30th, 2014 - 04:55 GMT

Yeah, right: $45 oil would be 'ideal' price for Saudi budget

Ramez downplayed any negative impact on the foreign currency reserves after paying back the Qatari deposit,.
November 30th, 2014 - 04:55 GMT

A national priority? Egypt pays Qatar back $2.5 billion

Terminating the third tranche will save the Treasury around JD70 million as the government allocated JD210 million in direct cash compensation for fuel this year.
November 30th, 2014 - 04:55 GMT

Seizing the moment: Jordan cancels third tranche of fuel compensation after oil price collapse

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