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Oil

Oil latest

Energy ministers from Saudi Arabia, the United Arab Emirates and Kuwait plan to meet on Saturday, 2 June, to discuss OPEC matters. (Shutterstock)
May 30th, 2018 - 10:38 GMT

Saudi, Kuwait and UAE Plan Meeting on OPEC

The decision came about a week after the Saudis and Russia announced a new policy to revive oil production.
Read more
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

In July, Iran produced around 3.6 million bpd, 17 percent higher than during the first quarter of the year when initial production considerations emerged. (File photo)
August 28th, 2016 - 09:00 GMT

Iran to attend OPEC meeting, but will defend 'right to market share'

Al Bawaba
February 21st, 2016 - 01:00 GMT

True to their word, Iran pumps up the volume

After overcharging for natural gas over a four-year period, Iran has agreed to pay Turkey back, either in the form of cash or more natural gas supplies. (Shutterstock)
February 15th, 2016 - 06:00 GMT

Iran to pay Turkey in gas or cash from arbitration over prices

Al Bawaba
January 18th, 2016 - 02:30 GMT

Iran to increase oil production by 500,000 bpd following sanctions lift

The scammers attempted a fraudulent money transfer between Saudi Aramco and India's Oil and Natural Gas Corporation. (Al Bawaba/File)
October 19th, 2015 - 07:16 GMT

Scammers fail to fool Saudi Aramco with fraud attempt

Iran used to export 200,000 barrels per day to the European country before the US imposed sanctions. (AFP/File)
September 8th, 2015 - 02:50 GMT

Iran 'ready' for Spain oil exports to return to levels before sanctions

Al Bawaba
August 23rd, 2015 - 03:10 GMT

British, Iranian ministers meet to discuss energy ties after UK embassy reopening

Al Bawaba
July 15th, 2015 - 05:03 GMT

Brent oil falls 2.6 percent after Iran nuclear deal

Al Bawaba
February 25th, 2015 - 09:35 GMT

An alternate reality: Saudi oil minister says oil demand is growing

Al Bawaba
January 28th, 2015 - 09:47 GMT

Saudis have a lot on their mind nowadays, but oil will always be their biggest worries

Al Bawaba
December 22nd, 2014 - 03:34 GMT

Saudi Oil Chief spills! Shoots down conspiracy theories on oil prices

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