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Nokia charging back with full force
Saudi government websites targeted
Top crude exporter Saudi Arabia wants an oil price of around $100 a barrel and would like to see global inventories rise before demand picks up in the second half of the year, Oil Minister Ali al-Naimi said on Sunday.
May 13, 2012 9:20
Fourth refinery expected to cost $14.5 billion; Summer imports of LNG seen rising to 40-45 cargoes
May 9, 2012 9:16
Fuel prices in the United Arab Emirates are too high and should be brought down to match levels in other Gulf countries according to a proposal by an advisory council's committee, daily newspaper Gulf News said on Monday
May 7, 2012 3:45
Qatar's energy minister said on Monday oil production in the Middle East remains reliable and there is no shortage of supply in the market
May 7, 2012 3:31
OPEC crude oil output in millions of barrels per day in April and March, according to a Reuters survey published on Monday. The survey indicates the Organization of the Petroleum Exporting Countries is pumping much more than the target of 30 million barrels daily it adopted at a December meeting in the group's first new output agreement in three years.
May 1, 2012 9:53
Minister says unnamed Gulf states are over-producing; OPEC should aim for minimum price of $100 per barrel
April 18, 2012 9:12
Kuwait's largest refinery Mina Al Ahmadi will be partially shut in mid-May for planned maintenance that is expected to last up to 30 days, four industry sources said on Tuesday.
April 17, 2012 3:57
OPEC is seeking a balance in world oil prices, but political instability rather than production issues are affecting the market price, Iraqi Oil Minister Abdul Kareem Luaibi said on Monday.
April 9, 2012 4:15
The United Arab Emirates needs to develop rules and institutions allowing banks to control and oversee mortgages effectively, which would help manage risks and encourage property lending.
April 5, 2012 1:53
Oil dropped nearly 2 percent Tuesday as Saudi Arabia sought to knock back the price rise that has threatened the global economy, with the oil minister offering the most detailed argument to date that OPEC nation was prepared to meet any supply shortfalls.
March 21, 2012 1:57
Europe's debt crisis and an oil price rally are the biggest threats to global oil demand this year, OPEC said on Friday while adding it was still pumping above its target despite a slide in Iranian production.
March 10, 2012 4:51
India's largest Iranian oil buyer plans almost to halve daily imports, industry sources said on Monday, becoming the latest Asian refiner to cut supplies from Iran as Western sanctions make trade with OPEC's second-largest producer difficult.
March 6, 2012 10:49Total should not sign oil deals with the Kurdistan region without Iraq's approval, Deputy Prime Minister for Energy Hussain al-Shahristani said on Sunday, warning the French major would bear the "full consequences" if it did.
February 13, 2012 12:03
Global oil demand will grow by less than 1 percent in 2012, the International Energy Agency (IEA) said on Friday, cutting its oil growth demand forecast for a sixth consecutive month due to a weak global economy.
February 11, 2012 6:13
Saudi Oil Minister Ali al-Naimi said on Monday the kingdom would be able to meet any future oil market shortages because of its high levels of investment to maintain oil production capacity.
February 4, 2012 1:12
The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.
May 20, 2013 9:33
Yahoo! board unanimously approves the acquisition...
May 19, 2013 3:20
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
