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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.

Household spending on transportation will go up further, by around 25 per cent for some drivers, if the new parking fees will be taken into account. (Shutterstock)

March 30th, 2016 - 10:46 GMT

When you feel the pinch in your wallet, how do you cut back?

May 4th, 2015 - 06:34 GMT

Iraq's oil prices drop after hike in crude output

Yemen has confirmed its oil sales for March 2013

January 7th, 2013 - 11:31 GMT

Yemen confirms oil sales

Despite this year's reduced earnings, a current account surplus of $148 billion, or 25 percent of GDP is in prospect

July 10th, 2012 - 06:40 GMT

Saudi economy is rich enough to keep oil cheap

In Iraq, the increase in stability and decrease in violence could help the government ramp up its oil production capacity, but the country’s infrastructure may not be equipped to support an increase in production

December 15th, 2011 - 05:55 GMT