Middle-east Arab News Opinion | Asharq Al-awsat

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Pedestrians walk next to a PDVSA gas station in Caracas, Venezuela, July 25, 2017. Picture taken July 25, 2017. REUTERS/Andres Martinez Casares

July Oil Rates Set to Log Strongest Monthly Gain for 2017

by Asharq Al-Awsat English | Jul 31, 2017 | Business

Oil prices were near two-month highs on Monday, putting July on track to become the strongest month so far this year, as news of a producers’ meeting next week added to bullish sentiment driven by the threat of US sanctions against OPEC-member Venezuela....

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An oil pump jack pumps oil in a field near Calgary, Alberta. Reuters

We Must Prepare for an Upcoming Non-Oil Era

by Abdulrahman Al-Rashed | Jul 28, 2017 | Opinion

Bahrain was once a rich market for pearl trade. One morning, things changed as the Japanese discovered cheaper and more productive industrial alternatives. The Bahraini main trade collapsed, the fishing boats stopped, and the Gulf region lost one of its most important...

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Saudi Arabian Energy Minister Khalid al-Falih attends a meeting of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg, Russia July 24, 2017.

Saudi Arabia to Turn Table on Oil Producers in Second Half

by Wael Mahdi | Jul 26, 2017 | Business

Kuwait- Saudi Energy Minister Khalid al-Falih seems to be frustrated with the current situation in the oil market, according to his latest statement in the Joint OPEC-Non-OPEC Ministerial Monitoring Committee meeting in St Petersburg. Falih has the right to be...

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Nigerian special forces prepare to fight Boko Haram in Diffa on March 26, 2015. Reuters

Oil Survey Team Kidnapped by Boko Haram in Northeast Nigeria

by Asharq Al-Awsat English | Jul 26, 2017 | World

Suspected Boko Haram militants have kidnapped 10 members of a geological research team from the University of Maiduguri in northeast Nigeria, the state oil company said on Wednesday. Nigerian National Petroleum Company spokesman Ndu Ughamadu said the contractors were...

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Saudi Arabia, Russia to Improve Economic Cooperation

by Fatah Al-Rahman Youssef | Jul 21, 2017 | Business

Riyadh- Asharq Al-Awsat has learned that the Saudi-Russian committee will convene in October amid expectations that this meeting will transform economic cooperation between the two countries in the fields of energy, gas and oil. These expectations coincide with calls...