Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55361975
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The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. REUTERS/Leonhard Foeger

Oil Prices Slip as OPEC Points to Bigger 2017 Oil Glut

by Asharq Al-Awsat English | Nov 11, 2016 | Business

Oil prices took a plunge on Friday reflecting the oversaturated markets, with an unlikely chance of change so long Organization of the Petroleum Exporting Countries (OPEC) sustain high production rates. International Brent crude futures traded at $45.13 per barrel at...

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A worker looks at a pump jack at an oil field Buzovyazovskoye owned by Bashneft company north from Ufa, Bashkortostan, Russia, July 11, 2015.REUTERS/Sergei Karpukhin/File Photo

Oil Prices Continue to Drop

by Sabri Najeh | Sep 15, 2016 | Business

Cairo–Oil prices continued to drop during Wednesday’s session despite the decrease in the U.S. crude oil’s reserves. Yet, the Libyan statements that oil production could be increased soon had negative effects on the market. The oil market received two blows this week...

Media ID: 55302556
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A US worker hangs from an oil derrick in outside of Williston, North Dakota, in this Tuesday, July 26, 2011, file photo. (AP Photo/Gregory Bull)

Coping with the US Hydrocarbon Revolution

by Afshin Molavi | May 21, 2013 | Business

Washington, Asharq Al-Awsat—The United States is in the midst of an “oil boom” and a “hydrocarbon revolution” that will add significant new supply to oil markets over the next five years, according to the latest Medium-Term Oil Market Report by the Paris-based...