Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55384446
Caption:

Russian Energy Minister Alexander Novak speaks during a news conference of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg, Russia, July 24, 2017. REUTERS/Anton Vaganov

Saudi Arabia, Russia to Set Up $1 Billion Energy Fund- Novak

by Asharq Al-Awsat | Oct 3, 2017 | Business

London- Russian Energy Minister Alexander Novak said that Saudi Arabia and Russia will establish a new energy investment fund worth USD1 billion, noting that final touches would be put during the visit of Custodian of the Two Holy Mosques King Salman bin Abdulaziz to...

Media ID: 55384227
Caption:

FILE PHOTO: A view shows El Feel oil field near Murzuq, Libya, July 6, 2017. REUTERS/Aidan Lewis

OPEC Oil Output Edges Higher in September

by Asharq Al-Awsat | Sep 30, 2017 | Business

London – OPEC oil output has risen this month by 50,000 barrels per day (bpd), a Reuters survey found, as Iraqi exports increased and production edged higher in Libya, one of the producers exempt from a supply-cutting deal. OPEC’s adherence to its pledged supply...

Media ID: 55384208
Caption:

A table with OPEC logo is seen during the presentation of OPEC’s 2013 World Oil Outlook in Vienna , in this November 7, 2013 file photo. REUTERS/Leonhard Foeger

OPEC Daily Basket Price almost Hits $56 Per Barrel

by Asharq Al-Awsat English | Sep 29, 2017 | Business

The price of OPEC basket of fourteen crudes stood at US$55.59 a barrel on Thursday, compared with $56.07 the previous day, according to OPEC Secretariat calculations, WAM reported. The OPEC Reference Basket of Crudes is made up of the following: Murban (UAE), Saharan...

Media ID: 55383682
Caption:

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,...

Media ID: 55383122
Caption:

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...