Middle-east Arab News Opinion | Asharq Al-awsat

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OPEC meeting in Vienna on Nov. 30, Reuters

Six Secondary Sources to Monitor OPEC Cut

by Wael Mahdi | Dec 10, 2016 | Business

Khobar- December would be the last month the oil market would be upholding OPEC production rates entry given by the organization’s General Secretariat. As of January 2017, the multinational organization’s oil production will be traced down by secondary sources. The...

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Russia’s President Vladimir Putin attends a meeting with Qatar’s Emir Sheikh Tamim Bin Hamad Al-Thani in Moscow, Russia, January 18, 2016. REUTERS/Yuri Kochetkov/Pool – RTX22WCI

Kremlin: Putin Made Decision to Cut Russia’s Oil Production

by Taha Abed alWahed | Dec 8, 2016 | Business

Moscow- Russian President Vladimir Putin took a decision to cut Russia’s oil production, Kremlin spokesman Dmitry Peskov said Wednesday. “The president had personal contacts and the decision was made personally by the president on the basis of the consensus...

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Japanese Emperor Akihito receives Saudi Deputy Crown Prince Mohammed bin Salman at his office in Tokyo (SPA)

KSA, Japan to Launch Cooperation in Water Desalination and Oil

by Nayef Al-Rasheed | Dec 8, 2016 | Saudi Arabia

Riyadh – Two months following the first meeting of the “Joint Saudi-Japanese 2030 Vision Group”, a high-ranking Japanese official said that discussions were underway to promote cooperation between the two countries in the field of energy and water desalination....

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The Neutral Zone’s oil fields have been closed [Getty]

Riyadh, Kuwait Uphold Cut Agreement as Production Restarts in Neutral Zone

by Wael Mahdi | Dec 7, 2016 | Business

Khobar- Oil drilling and production in Saudi-Kuwait common wells might be resumed after a two year halt. The relaunch of production, however, will not affect the cut agreement reached by OPEC members last week. Bloomberg wrote that Saudi Arabia and Kuwait will cut...

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Worker checks valve of oil pipe at Lukoil company owned Imilorskoye oil field outside West Siberian city of Kogalym. Photo: Reuters

OPEC to Meet Non-OPEC Producers on Dec. 10 in Vienna

by Asharq Al-Awsat English | Dec 3, 2016 | Business

OPEC will meet non-OPEC countries to finalize a global oil limiting pact on Dec. 10 in Vienna, two sources told Reuters on Saturday. Two OPEC sources earlier said the meeting was due to take place in the Russian capital Moscow, but later said that plan had changed....