oil

Saudi Arabia approves economic diversification plan

JEDDAH: The Saudi cabinet has approved a major plan to diversify the national economy away from… Read More

Brent crude oil holds above $50 after OPEC meeting

SINGAPORE: Brent oil prices held around $50 a barrel on Friday following an OPEC meeting… Read More

OPEC fails to agree policy but Saudis pledge no shocks

VIENNA: Saudi Arabia promised not to flood the oil market with extra barrels even as… Read More

Oil drops in cautious trade ahead of OPEC

LONDON:Oil prices dropped Wednesday, as traders trod cautiously before this week's OPEC meeting in Vienna,… Read More

Oil prices slip ahead of OPEC meeting

NEW YORK: World oil prices fell Tuesday as traders eyed this week's crucial OPEC oil… Read More

Oil hits 2016 peaks on fading supply glut fears

LONDON: World oil prices soared this week to 2016 highs as Canadian and Nigerian supply… Read More

Angola’s ailing national health system hit by oil price cuts

LUANDA: Domingos Ngozulu shudders as he recalls the fate of his baby son. Read More

Weather aids firefighters battling Canada monster blaze

FORT McMURRAY: Authorities battling a forest fire in Canada looked to Mother Nature for more… Read More

Saudi to maintain ‘stable’ oil policies, says new minister

RIYADH: Saudi Arabia's new energy minister on Sunday pledged to maintain the kingdom's oil policy,… Read More

Riding on the Dubai property roller coaster

DUBAI: For more than 10 years Dubai property prices have been on a roller coaster,… Read More

Saudi unveils far-reaching plan to move away from oil dependence

RIYADH: Saudi Arabia said Monday it would create the world's largest wealth fund and sell… Read More

Petroleum prices expected to rise next month

Islamabad: The government is expected to increase the price of petrol and diesel in the… Read More

How Saudi Arabia plans to shake up its economy

RIYADH: In late February, several hundred Saudi officials, company executives and foreign consultants gathered in… Read More

Oil rebounds above $40, with eyes on Doha

LONDON: The oil market rebounded sharply this week, with Brent back above $40 per barrel,… Read More

Oil steadies on Saudi comments

LONDON:World oil prices steadied Monday as Saudi Arabia cast doubt on whether a key producers… Read More

Qatar trade figures slump almost 60 per cent in year

DOHA: Qatar's balance of trade fell almost 60 per cent in the year to January,… Read More

Wall Street rally set to continue as oil prices rise

NEW YORK: U.S. stock indexes were set to open higher on Thursday, and extend a… Read More

Oil extends rally on prospects OPEC could act to counter low prices

LONDON: Oil prices rose on Monday, extending a rally triggered last week by speculation that… Read More

Oil bosses upbeat on market rebound

LONDON: Movers and shakers from the oil industry descended on London last week and expressed… Read More

Obama to seek new tax on oil in budget proposal

WASHINGTON: U.S. President Barack Obama will launch a long-shot bid next week to impose a… Read More