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Iranian oil production is expected to fall from the fourth quarter of 2018 as US sanctions take effect. (Shutterstock)

July 1st, 2018 - 08:59 GMT

GCC Main Beneficiaries of OPEC Output Hike

Oil-producing Gulf countries will be the main beneficiaries of a recent decision by OPEC members to hike crude production by one million barrels per day, analysts said.

The UK government of unlawfully failing to suspend arms sales to Riyadh despite the kingdom's "repeated and serious breaches" of international humanitarian law. (AFP/File)

February 8th, 2017 - 10:00 GMT

Profit over people: UK minister refuses to halt Saudi Arms sales

The International Energy Agency is now looking for a drop in oil demand in Saudi Arabia for all of 2016. (File)

August 1st, 2016 - 07:00 GMT

Saudi Arabia oil consumption slows

A number of smaller producers had become overly dependent on oil as a source of revenue, when prices were high, and did not make efforts to diversify their economies. (Twitter)

June 1st, 2016 - 10:00 GMT

Smaller oil producers expected to follow the leader at OPEC meet

February 2nd, 2016 - 09:20 GMT

Coordinated cuts to oil output unlikely despite Venezuelan push

December 30th, 2015 - 01:00 GMT