Middle-east Arab News Opinion | Asharq Al-awsat

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Russia’s Energy Minister Alexander Novak, OPEC President Qatar’s Energy Minister Mohammed bin Saleh al-Sada and Saudi Arabia’s energy minister Khalid al-Falih (L-R) address a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, December 10, 2016. REUTERS/Heinz-Peter Bader

OPEC Kicks Off Cut Deal Monitor

by Asharq Al-Awsat | Jan 22, 2017 | Business

Khobar- Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday empowered a committee set to monitor compliance with the deal meets for the first time. “I am satisfied, I am optimistic and, as I said, the markets are on their way to...

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The logo of Arab Bank is seen during the opening of the Annual
Arab Banking Conference in Beirut, Lebanon. (Image: Reuters

Arab Countries Expected to See Economic Growth in 2017

by Asharq Al-Awsat | Jan 20, 2017 | Business

Abu Dhabi – Statistics of the Arab Monetary Fund revealed that economies of Arab countries achieved around 3.4% growth over the past five years (2012-2016), while they expected to reach 2.8% growth in 2017 compared with 2.3% in 2016. Statistics showed that the...

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Illustration on Iraqi oil production, Bloomberg

Baghdad Oil Exports Threaten OPEC Production Cut Deal

by Wael Mahdi | Jan 11, 2017 | Business

Khobar- A majority of member states at the Organization of the Petroleum Exporting Countries (OPEC) have projected sincere intentions to lower oil production rates, promoting a cut deal to relieve the current market glut. The agreement aims at an overall 1.2 million...

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A man stands close to the Cardon refinery, which belongs to the Venezuelan state oil company PDVSAn in Punto Fijo, Venezuela July 22, 2016. REUTERS/Carlos Jasso

Oil Rates Increase, OPEC Cut Doubts Weigh

by Asharq Al-Awsat English | Jan 6, 2017 | Business

Oil rose slightly on Friday on increased buying ahead of the weekend, but a strong U.S. dollar and lingering doubts that not all OPEC producers would cut output in line with an agreement, pressured prices. Top oil exporter Saudi Arabia, along with fellow Gulf members...

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President Aoun chairing the cabinet’s session (NNA)

Lebanese Government Passes Two Oil, Gas Decrees

by Nazeer Rida | Jan 5, 2017 | Middle East

Beirut – Lebanon’s new government passed its first obstacle after approving two decrees concerning oil and gas exploration blocks, as well as assigning a new OGERO Telecom chief, after more than two years of political deadlock. In its first session after the...