Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Arabian Finance Minister Mohammed al-

Saudi Finance Minister “Very Optimistic” on 2016 Budget Gap

by Asharq Al-Awsat English | Nov 10, 2016 | Saudi Arabia

Saudi Arabian Finance Minister Mohammed al-Jadaan said on Thursday that he was optimistic about efforts to cut a huge state budget deficit caused by low oil prices. Asked by reporters if the deficit for this year, which is expected to be announced late next month...

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OPEC: ‘Coal is Fuel of Choice for India, China until 2040’

by Wael Mahdi | Nov 9, 2016 | Business

Khobar- What is China’s and India’s fuel of choice up till 2040? It is not oil as everybody predicts; instead, it is coal, according to the Organization of the Petroleum Exporting Countries (OPEC). OPEC released on Tuesday its annual report on oil prospects and...

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Pump jacks are seen at the Lukoil-owned Imilorskoye oil field, as the sun sets, outside the west Siberian city of Kogalym, Russia, in this January 25, 2016 file photo. REUTERS/Sergei Karpukhin/Files

Oil Fluctuates in Thin Trading as America Votes for President

by Asharq Al-Awsat English | Nov 9, 2016 | Business

Oil prices seesawed in very thin trading early on Wednesday as traders followed with interest the U.S. presidential election that provides a voracious debate upon the direction of the country, and more importantly, provides uncertainty unto the marketplace. Brent...

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ADIPEC logo

UAE’s Energy Minister at ADIPEC: Oil Surplus in the Market Is Almost Gone

by Musaid Al-Zayani | Nov 8, 2016 | Business

Abu Dhabi – UAE Minister of Energy, Suhail al-Mazrouei, said that continuous industry developments, combined with a rapidly evolving global economy, are creating an increasingly competitive world energy market. “This makes it essential that we leverage research,...

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OPEC. Photo by: Reuters

Did Saudi Arabia Threaten Iran in OPEC?

by Wael Mahdi | Nov 6, 2016 | Business

Khobar – Over the last two weeks, a series of meetings was held at the secretariat offices of the Organization of the Petroleum Exporting Countries (OPEC). Two weeks ago, OPEC experts’ committee held meetings for two days, followed by two important meetings over the...