China’s energy companies have decided to keep the amount of oil that they buy from Iraq unchanged for the first time in almost ten years.
Category: Mena
Oil-Exporting Countries to Tap into Sovereign Funds to Balance Budgets
Energy-exporting countries, which have put away billions of dollars in sovereign investment funds, may now be forced to draw on their “savings” as oil revenue
OPEC Starts Talking Oversupply
On Friday (21 November) OPEC’s Economic Commission Board concluded a two-day meeting in Vienna before the group of oil ministers meets on Thursday (27 November)
Libya’s Major Oilfield Remains Shut Down
Libya’s El Sharara oilfield, one of the OPEC’s biggest ones producing about 200,000 barrels per day remains closed down. The closed field is a result
OPEC Not United in Further Steps to Address Plummeting Prices
Saudi Arabia’s Oil Minister Ali al-Naimi’s comments on the situation in international energy markets from the beginning of this month have left OPEC countries wondering
Iraq’s Kurds Increase Capacity of Oil Pipelines
Iraqi Kurds are planning to boost the capacity of oil pipelines via Turkey to 700,000 barrels (bpd) per day. The boost could thus increase the
Saudi Arabia Supplies Less Crude to World Markets
Saudi Arabia, the world’s biggest oil producer, supplied less oil in September than in August despite higher output. The global oil markets are impatiently waiting
Two Libya’s Governments Claim Control of Oil
The rival government controlling Tripoli, Libya’s capital, announced its own policies last week, thus putting itself in the opposition to Prime Minister Abdullah al-Thinni who
Kuwait to Challenge Saudi Arabia in a Battle for Asia’s Oil Market
Kuwait seeks to challenge its traditional Gulf ally and bigger neighbour, Saudi Arabia, in a contest over market share in Asian oil markets. The battle
Cheaper Oil Not Bad for the Gulf Countries
Decreasing oil prices are not expected to harm the economic growth in Arab countries. In contrast, some economists believe that they might be in fact