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Organization of Petroleum-Exporting Countries

Organization of Petroleum-Exporting Countries latest

OPEC compliance with the agreed cuts stood at 94 percent, while non-OPEC was at 51 percent in February, the International Energy Agency (IEA) said. (Shutterstock)
March 31st, 2019 - 07:59 GMT

Oil Prices Report Biggest Quarterly Rise in a Decade

OPEC compliance with the agreed cuts stood at 94 percent, while non-OPEC was at 51 percent in February, the International Energy Agency (IEA) said.
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Libya's National Oil Company in Tripoli (Twitter)
September 10th, 2018 - 12:58 GMT

Armed Men Storm Tripoli's Libya's National Oil Company

Aramco is the world's most profitable energy company. With a net income of $33.8 billion in the first half of 2017 before taxes, a considerable amount of the income goes to the government budget, which could change. (AFP)
August 28th, 2018 - 09:34 GMT

With an Indefinite Halt on Its IPO, What's Next for Saudi Aramco?

A committee set up by the Organization of the Petroleum Exporting Countries and allied non-OPEC exporters would review their crude output at a meeting in Algeria next month. (Shutterstock)
August 26th, 2018 - 10:10 GMT

Agreement on Mechanism to Monitor Oil Supply Expected Before the End of the Year

The OPEC’s report also announced Iran’s oil output based on direct communication. (Shutterstock)
August 16th, 2018 - 08:50 GMT

OPEC: Iran Oil Output Hits 3.806 Million bpd in July


The trade surplus in first quarter rose to KD3.4 billion from KD2.3 billion the previous quarter. (Shutterstock)
August 15th, 2018 - 08:30 GMT

Report: Kuwait Current Account Hits $5.58 Billion

U.S. crude inventories unexpectedly rose by 3.7 million barrels in the week to Aug. 10, to 410.8 million barrels. (Shutterstock)
August 15th, 2018 - 08:20 GMT

Oil Prices Fall While U.S. Crude Inventories Rises

Global oil demand growth for 2019 was lowered by 20,000 barrels per day (bpd) to 1.4 million bpd while non-OPEC oil supply in 2019 was revised up by 30,000 bpd to 2.13 million bpd. (Shutterstock)
August 14th, 2018 - 09:50 GMT

OPEC Report: Lower Oil Demand in 2019

The UAE's economic outlook will be driven by the oil price and changes in fiscal policy. (Shutterstock)
August 13th, 2018 - 07:04 GMT

Report: GCC Enjoys a Fiscal Windfall From the Recovery in Oil Prices

The price of oil in the global market is highly expected to remain within the range of $70 to 75 per barrel until the end of the year. (Shutterstock)
August 10th, 2018 - 07:00 GMT

Kuwait Predicts Stagnant Oil Price Until Year End

Oman’s oil exports during July reached 24.08mn barrels, with daily average exports of 776,800 barrels. (Shutterstock)
August 9th, 2018 - 09:19 GMT

Oil Production in Oman Surpasses 30 Million Barrels in July

Since the early 1990s, Gulf nations have been turning to the PPP model to attract international investors, to energise the private sector and to develop local talent.  (Shutterstock)
August 8th, 2018 - 07:48 GMT

Report: Public-Private-Partnerships to Revitalize Economic Development in GCC

Ehsan Khoman, Head of Research and Strategist for MENA at MUFG (CPI Financial)
August 2nd, 2018 - 11:13 GMT

Changes to Be Witnessed in the Middle East's Economy

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