by Asharq Al-Awsat | Oct 31, 2016 | Business
Cairo- Saudi Arabia, Iraq, and Kuwait have 30% of the world’s oil reserves with around 511.2 billion barrels in their possession, said the Organization of Arab Petroleum Exporting Countries (OAPEC). OAPEC said on Sunday in its monthly bulletin that the...
by Asharq Al-Awsat English | Sep 16, 2016 | Business
London-Investments in oil and gas fields are set to drop 24 percent this year and no signs show that it will improve in 2017, according to the International Energy Agency (IEA). National oil companies (NOCs) will continue to dominate upstream oil and gas investments...
by Wael Mahdi | Feb 12, 2015 | Business
Al-Khobar, Asharq Al-Awsat—Iraq, OPEC’s second-biggest oil producer, will offer buyers from Asia the largest discounts on its oil since 2003, in another sign of intense competition among OPEC members vying for larger shares of the lucrative Asian market. Iraq’s...
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...
by Andrés Cala | Aug 16, 2013 | The Majalla Magazine
Global oil production champions are not facing a pretty picture this decade. This comes mostly as a result of North American incremental supplies that have surprised even the most bullish, at least according to bellwether forecasts. So why did the Organization of Oil...
