Middle-east Arab News Opinion | Asharq Al-awsat

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A general view taken on April 16, 2016 shows the Shuaiba oil refinery south of Kuwait City. (AFP)

Kuwait Petroleum International Chief: Refineries Will Continue despite Increased Electric Cars Production

by Wael Mahdi | Jul 19, 2017 | Business

Istanbul – The future of oil demand in wake of the growing request for electric cars was at the heart of discussions among officials and executives during the World Petroleum Congress (WPC) held in Istanbul, Turkey last week. International Energy Agency (IEA)...

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Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. (Reuters)

Saudi Energy Minister: Aramco to Internationally Invest in Gas, LNG Production

by Asharq Al-Awsat | Jun 4, 2017 | Business

St. Petersburg – Saudi Aramco will globally invest in the production of gas and liquefied natural gas (LNG), according to Saudi Minister of Energy, Industry and Mineral Resources Khalid al-Falih. Speaking at the 21st St. Petersburg International Economic Forum (SPIEF)...

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A general view shows an oil refinery in Zawia, west of Tripoli,
December 18, 2013. REUTERS/Ismail Zitouny/File Photo TPX IMAGES OF THE
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Libya’s Oil Production Exceeds One Million Barrels per Day

by Sabri Najeh | May 11, 2017 | Business

Cairo – Libya has recaptured its momentum in the oil market after its oil and gas production has exceeded one million barrels per day. OPEC’s member states are worried that Libyan gains could undermine the organization’s efforts in reducing the global oil...

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A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver/File Photo

Oil Jumps in Knee-jerk Reaction after Strikes on Syria

by Asharq Al-Awsat English | Apr 7, 2017 | Business

Oil futures jumped more than 2 percent to a one-month high on Friday after the US launched an attack on Syrian airbase leaving repercussions on global markets and raising concerns in the oil-rich region. Oil, gold, foreign exchange, German and US 10-year bonds, all...

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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/File Photo

OPEC, Non-OPEC Vienna Meeting Cancelled after Saudi Pull Back

by Asharq Al-Awsat | Nov 26, 2016 | Business

Vienna- The non-OPEC meeting expected on Monday has been officially cancelled, Bloomberg quoted a delegate as saying. The Nov. 28 meeting was set to bring together both OPEC and non-OPEC producers to discuss future measures, such as production cuts, to ease out the...