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Organization of the Petroleum Exporting Countries | ASHARQ AL-AWSAT English Archive 2005 -2017
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Activists protest the Shell Oil Company’s drilling rig Polar Pioneer which is parked at Terminal 5 at the Port of Seattle, Washington May 16, 2015. Hundreds of activists in kayaks and small boats fanned out on a Seattle bay to protest plans by Royal Dutch Shell to resume oil exploration in the Arctic and keep two of its drilling rigs stored in the city’s port. REUTERS/Jason Redmond


U.S. Data Exerts Pressure on Oil Prices

U.S. Data Exerts Pressure on Oil Prices

Cairo- U.S. data played a crucial role in determining oil prices during last week’s sessions and is expected to play a similar role next week. This week, the U.S. drillers added three new oil rigs for a fifth consecutive week, bringing the total rig count up to 374...
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Expectations that the Kingdom will increase its oil production soon to meet the customers’ demands, Asharq Al-Awsat


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Media ID: 55337988
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This file photo shows a worker walking on an oil pipeline at the Khurmala oil field on the outskirts of the city of Erbil, in Iraq’s Kurdistan region, on December 4, 2013. (Reuters/Stringer)


Opinion: The Boon and Bane of Cheaper Oil

Opinion: The Boon and Bane of Cheaper Oil

The steep decline in oil prices presents new economic realities for countries in the MENA region. Global oil prices have declined by more than half from their peak last summer, to levels not seen since a short period in 2009. The combination of unexpectedly higher oil...
Media ID: 55335922
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A gas flame is seen in the desert near the Khurais oilfield, about 99 miles (160 kilometers) from Riyadh, in Saudi Arabia, on June 23, 2008. (Reuters/Ali Jarekji)