Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55372646
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Saudi ARAMCO President and Chief Executive Amin H. Nasser speaks during the opening of the Middle East Petrotech 2016, an exhibition and conference on refining and petrochemical industries, in Manama, Bahrain, September 26, 2016. REUTERS/Hamad I Mohammed/File Photo

OPEC-Led Cuts Rebalancing Global Oil Market

by Asharq Al-Awsat English | Apr 27, 2017 | Business

The oil market is moving towards a balance between supply and demand with the help of an agreement reached between OPEC and other producers to cut production, the chief executive of Saudi Aramco said on Thursday. The Organization of the Petroleum Exporting Countries,...

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The logo of the Organization of the Petroleum Exporting Countries (OPEC). Reuters

OPEC, UAE Launch Global ‘Oil & Gas’ Database

by Asharq Al-Awsat | Apr 12, 2017 | Business

Dubai- The Organization of the Petroleum Exporting Countries (OPEC) and the United Arab Emirates’ ministry of energy will next week launch the first phase of a new global oil and gas database project aiming to develop an easy-to-use tool to analyze energy...

Media ID: 55368954
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Saudi Arabia’s Energy Minister Khalid al-Falih talks during the 23rd World Energy Congress in Istanbul, Turkey, October 10, 2016. REUTERS/Murad Sezer

Saudi Energy Minister Reassures the Positive Effect of OPEC Deal over Oil Market

by Asharq Al-Awsat | Mar 8, 2017 | Business

Huston, United States – Saudi Energy Minister Khalid al-Falih said on Tuesday that oil market fundamentals were improving after an agreement struck with top oil producers to curb supply and end a two-year glut took effect. More so, it was premature to consider...