by Asharq Al-Awsat | Feb 1, 2015 | Business
Riyadh, Asharq Al-Awsat—As uncertainty continues over the future of global oil prices, analysts and policymakers across the world have turned their gaze to Saudi Arabia—the state with the world’s largest oil reserves—with more intensity than usual. Saudi...
by Wael Mahdi | Dec 30, 2014 | Business
Abu Dhabi, Asharq Al-Awsat—Iraqi Oil Minister Adel Abdul Mahdi said his country stands by the Saudi-brokered OPEC decision to maintain production among the organization’s member countries, amid some of the lowest oil prices since the aftermath of the global financial...
by Asharq Al-Awsat | Nov 15, 2014 | Business
Dubai and Al-Khobar, Reuters/Asharq Al-Awsat—OPEC hawks Iran and Venezuela on Saturday called on fellow crude producers to shore up prices that have plunged more than 30 percent to four-years low ahead of an OPEC meeting later this month. Oil prices have fallen to...
by Obaid Al-Suhaymi | Sep 9, 2014 | Business
Dammam, Asharq Al-Awsat—Prices of Brent crude fell below 100 US dollars per barrel for the first time in 14 months on Monday on the back of increased supply of shale oil from the US, while energy sector experts tell Asharq Al-Awsat they expect prices to stabilize...
by Asharq Al-Awsat | Jun 10, 2014 | Business
London, Bloomberg—OPEC ministers say they will almost certainly leave their oil-production ceiling unchanged when the group meets this week. What really matters for markets is whether Saudi Arabia will respond to global supply shortfalls by pumping a record amount of...
