Middle-east Arab News Opinion | Asharq Al-awsat

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The Sirius Star, a Saudi oil tanker in an undated photo. (Reuters)

Embarking on the Maritime Industry

by Abdulrahman Al-Rashed | Sep 25, 2017 | Opinion

It is only natural for a country like Saudi Arabia surrounded by water to consider investing in maritime industries and services. The kingdom overlooks about 2600 kilometers of very long shores from Ras al-Khafaji in the Gulf to the Gulf of Aqaba in the Red Sea. This...

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The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria September 21, 2017. REUTERS/Leonhard Foeger

Oil prices Rise Ahead of OPEC Meeting on Supply Cut Extension

by Asharq Al-Awsat English | Sep 22, 2017 | Business

Oil prices were at rise on Friday, as traders waited to see whether major oil- producing countries planned to meet in Vienna would extend production cuts to reduce the global crude glut. International benchmark Brent crude futures were at $56.51 a barrel at 0644 GMT,...

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Peshmerga forces stand behind rocks at a site of an attack by ISIS militants in Kirkuk, Iraq. REUTERS/Ako Rasheed

Car Bomb Kills One, Wounds 10 in Disputed Iraqi Oil City

by Asharq Al-Awsat English | Sep 16, 2017 | Middle East

A car bomb killed one person and injured ten in Kirkuk, an Iraqi oil city where local Kurdish authorities plan to hold a referendum on independence despite opposition from the central government and the region’s non-Kurdish population. According to Reuters, the...

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Kuwait and Venezuela oil ministers meet in Kuwait city, EPA

Kuwait, Venezuela Deny Existence of a ‘Current Agreement’ to Extend Oil Cut

by Wael Mahdi | Sep 14, 2017 | Business

Kuwait- Each of Kuwait and Venezuela confirmed that the Organization of the Petroleum Exporting Countries (OPEC) is not nearly close to extending the current cut in production agreement, saying onlookers are trying to introduce the idea into the market. Kuwait Oil...

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Iraqi Oil Minister Jabar Ali al-Luaibi speaks during a media conference in Baghdad, Iraq, May 22, 2017. REUTERS/Khalid al Mousily

Iraq Confirms Supporting OPEC Oil Cut Deal

by Asharq Al-Awsat | Sep 2, 2017 | Business

London- Iraq will support the decision to extend the deal of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries to cut oil output, if such decision is taken, Iraqi Oil Minister Jabbar Luaibi said Friday. Speaking at a joint conference...