Middle-east Arab News Opinion | Asharq Al-awsat

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A soldier patrols in front of the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 29, 2016. REUTERS/Heinz-Peter Bader

King Salman Sends Message to Bouteflika

by Wael Mahdi | Oct 19, 2017 | Business

Kuwait- Prime Minister of the Republic of Algeria Ahmed Ouyahia received a message sent by Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud to President Abdelaziz Bouteflika of the People’s Democratic Republic of Algeria. It was conveyed by...

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Saudi Arabian Energy Minister Khalid al-Falih attends a meeting of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg, Russia July 24, 2017. Reuters

Saudi-Russian Scenario to Extend OPEC Agreement till End of 2018

by Wael Mahdi | Oct 6, 2017 | Business

Kuwait- Russia and Saudi Arabia’s remarks Thursday have revived oil markets and hopes of another year of trying to rebalance the oil market after the Kingdom showed its support for the Russian proposal to extend the current global agreement between oil-producers until...

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Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo

Aramco in Talks with Russia’s Biggest Petrochemical Producer

by Wael Mahdi | Sep 27, 2017 | Saudi Arabia

Kuwait- Saudi Arabian Oil Co. Aramco is in talks with Sibur Holding PJSC, Russia’s largest petrochemical producer, about forming a joint venture in the kingdom. Saudi Aramco and Sibur are expected to sign a memorandum of understanding for the project next month when...

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Kuwait and Venezuela oil ministers meet in Kuwait city, EPA

Kuwait, Venezuela Deny Existence of a ‘Current Agreement’ to Extend Oil Cut

by Wael Mahdi | Sep 14, 2017 | Business

Kuwait- Each of Kuwait and Venezuela confirmed that the Organization of the Petroleum Exporting Countries (OPEC) is not nearly close to extending the current cut in production agreement, saying onlookers are trying to introduce the idea into the market. Kuwait Oil...

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A view shows Saudi Aramco’s Abqaiq oil facility in eastern Saudi Arabia in this undated handout photo. Saudi Aramco/Handout via REUTERS

Saudi Arabia Seems Open to Expanding Products’ Cut

by Wael Mahdi | Sep 12, 2017 | Business

Kuwait- Saudi Minister of Energy, Industry, and Mineral Resources Khaled al-Faleh discussed with his counterparts in Venezuela, UAE and Kazakhstan the possibility to consider expanding production cuts as an options in the next meeting of producers in November. The...