Organization of Petroleum-Exporting Countries | Al Bawaba

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.

The rapid growth of US shale producers will shortly knock Saudi Arabia from second to third place, with only Russia ahead, the International Energy Agency said. (Shutterstock)

January 21st, 2018 - 12:29 GMT

Very Soon.. US Could Overtake Saudi Arabia in Oil Production

"It is for the first time that an OPEC event is taking place in Oman and the proposed meeting is being supported by Oman Oil Company." - Ali al Riyami, ministry of oil and gas (AFP/ File)

January 16th, 2018 - 10:30 GMT

Oman to Host OPEC Meeting This Month, Its First Ever

Here are the top five things you need to know in global markets today Monday, January 15. (Shutterstock)

January 15th, 2018 - 01:30 GMT

Gold Higher on Weaker Dollar: Top 5 Things to Know Today in the Markets

In an outrageous prediction for 2018, Saxo Bank expects Bitcoin to peak to $60,000 in 2018. (Pexels)

January 3rd, 2018 - 08:00 GMT

Bitcoin, Gold or Bonds: Where Do I Invest in 2018?

The UAE is firmly on course to be one of the best performers among other regional economies over the next five years. (Pixabay)

January 3rd, 2018 - 11:40 GMT

Trade, Tourism Main Drivers of UAE’s Growth Over Next 5 Years: Analysts

Inflation in Saudi Arabia is likely to rise in coming months on the back of the hike in electricity prices, fuel prices and implementation of a VAT regime. (AFP)

January 2nd, 2018 - 09:00 GMT

Inflation to Rise in Saudi Arabia With VAT, New Fuel Prices

The banking sector in the GCC region is expected to deliver a stable performance in 2018, particularly in the UAE and Saudi Arabia, according to Moody’s. (AFP)

December 24th, 2017 - 06:00 GMT

Stable Outlook for GCC's Banking Sector in 2018: Moody's

South Sudan still owes neighboring Sudan $1.3 billion of the amount agreed upon in the 2012 oil deal. (AFP)

December 6th, 2017 - 03:11 GMT

South Sudan Owes Khartoum $1.3 Billion in Oil Debt: Official

Workers reported that they had received letters from the airline ending their services and declaring that their contracts will not be renewed. (File photo)

November 28th, 2017 - 07:45 GMT

Qatar Airways Ends Operations in Egypt, Employees Left Jobless

Eight of the fields are located in the southern and eastern provinces of Basra, Missan, Muthanna, Wassit and Diyala, while the ninth is an offshore bloc in Iraqi waters in the Gulf. (File photo)

November 28th, 2017 - 07:27 GMT

Iraq Launches Bids for Nine Oil Fields Along Border With Kuwait, Iran

Oil-producing countries will meet in Vienna on November 30 to take a decision on future oil policy. (AFP/ File)

November 28th, 2017 - 07:13 GMT

Too Soon to Talk of Opec Deal Extension: Saudi Energy Minister

An independent audit has uncovered at least 1 billion barrels of oil offshore Gambia. (AFP/ File)

November 21st, 2017 - 08:00 GMT

African Country Emerges as New Oil Player, With 1 Billion Barrels Capacity