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US President Donald Trump displays the GENIUS Act
January 16th, 2026 - 04:33 GMT
Osama Ali

Osama Ali

Who controls Venezuela's oil now? The $500 Million sale after Maduro’s arrest

ALBAWABA — The U.S. has completed its inaugural sale of Venezuelan crude oil since taking control of the nation's oil industry, a U.S. official confirmed, following the arrest of President Nicolás Maduro. The official, who requested anonymity when speaking to AFP, stated the deal was worth $500 million. The identity of the buyer remains undisclosed, and U.S. officials hinted that more oil sales might occur in the near future. Trump ...
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China has overtaken the US as the world's largest net importer of oil, according to a new report
March 5th, 2013 - 08:53 GMT

China overtakes US as 'world's largest oil importer'

Libya has resumed has exports to Italy following clashes near a gas instillation
March 5th, 2013 - 08:24 GMT

Libya resumes gas exports following clashes

Retail sales in Lebanon have taken a hit, in part due to the Syrian crisis and political instability
March 5th, 2013 - 07:22 GMT

Retail sales in Lebanon falling

Egypt's net foreign reserves fell by $105 million in February to $13.508 billion, the Central Bank of Egypt (CBE) stated on Monday.
March 5th, 2013 - 03:44 GMT

Egypt's foreign reserves keep on falling

Protesters have broken into an Iraqi oil field demanding jobs
March 4th, 2013 - 12:36 GMT

Protesters break into Iraqi oil field

A new pipeline that bypasses the key oil trading route of the Strait of Hormuz is still operating at a limited capacity
March 4th, 2013 - 12:17 GMT

Pipeline that bypasses Strait of Hormuz still at limited capacity

Fuel prices will not increase in Egypt after new 'smart cards' have been introduced, misters have said
March 4th, 2013 - 11:42 GMT

'Smart cards' will not lead to fuel price rise in Egypt - Minister

Oman is planning on increasing oil production  to 940,000 barrels per day day as domestic demand increase in the Sultanate.
March 4th, 2013 - 11:17 GMT

Oman to increase oil production

The US announced on Sunday that it would begin to release economic assistance packages to the Egyptian government.
March 4th, 2013 - 08:53 GMT

Egypt to receive US economic aid

Royal Jordanian is diverting its flights from Amman to Beirut to avoid Syrian airspace
March 4th, 2013 - 07:52 GMT

Royal Jordanian diverts away from Syrian airspace

The US is threatening Islamabad with sanctions of the Iran-Pakistan gas pipeline
March 4th, 2013 - 07:40 GMT

US warns Pakistan of Iran pipeline deal

Egypt is hoping to secure an IMF deal before planned parliamentary elections in April
March 4th, 2013 - 07:23 GMT

Egypt wants IMF deal signed before April elections

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