Middle-east Arab News Opinion | Asharq Al-awsat

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Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo

OPEC in Quest to Stabilize Output, U.S. Oil Grows

by Sabri Najeh | Oct 14, 2016 | Business

Cairo- As the Organization of the Petroleum Exporting Countries (OPEC) coordinate with the biggest oil producer in the world (Russia) to limit the production in order to regain stability and prices’ balance, the U.S. oil continues to grow, exceeding the USD50. This...

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Lagarde takes questions from the press at the annual meeting of the IMF and World Bank group in Washington, U.S., Oct. 6, 2016/Reuters/ James Lawler Duggan

World Drenched in Debt, Major Powers the most Affected

by Sabri Najeh | Oct 7, 2016 | Business

Cairo-The International Monetary Fund (IMF) has released its fiscal report uncovering that global debt had increased to $152 trillion at the end of last year, a new record that countries must face. The report said that global public and private debts had reached 225...

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A Whiting Petroleum Co. pump jack pulls crude oil from the Bakken region of the Northern Plains near Bainville, Mont. on Nov. 6, 2013. AP

Brent Exceeds $52 and OPEC Aims for Shale

by Sabri Najeh | Oct 6, 2016 | Business

Cairo–Following OPEC’s historic agreement at the Algiers meeting to cut down production, oil demand was on the rise, reaching $52 per barrel. U.S. Energy Information Administration (EIA) said U.S. crude stockpiles fell last week despite slow refinery activity...

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Libyan consumers bear cost of conflict/Reuters

Chairman and CEO of Libyan Investment Authority: I Demand Continuity of Libyan Funds’ Immobilization

by Sabri Najeh | Oct 5, 2016 | Interviews

Cairo- AbdulMagid AbdulSalam Breish, Chairman and CEO of the Libyan Investment Authority in Tripoli, revealed to Asharq al-Awsat that several meetings were held with Tobruk LIA Chairman Fawzi Omran Farkash in the past few weeks. According to Breish, these discussions...

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Russia’s Energy Minister Alexander Novak (C) attends the extraordinary ministerial meeting of Gas Exporting Countries Forum (GECF) in the Iranian capital, Tehran, last November. (Photo credit: ATTA KENARE/AFP/Getty Images)

Russia Welcomes OPEC Agreement, but Won’t Curb Oil Output

by Sabri Najeh | Sep 30, 2016 | Business

Cairo – Russia announced on Thursday that it is aiming to keep its oil production at near-record levels despite a decision agreed by OPEC to modestly curb global oil output. In comments on Thursday, Russian Energy Minister Alexander Novak signaled that his...