Oil traders hold a record position in a contract that lets them bet on the price difference between Middle Eastern crude and ...

SAUDI Arabia hiked the price of its flagship crude to Asia by the most in more than two years as the kingdom responds to ...

Saudi Arabia hiked the price of its flagship crude to Asia by the most in more than two years as the kingdom responds to ...

The Middle East is being reshaped, not by war, but by money and influence. As Iran’s grip weakens, Saudi Arabia, the UAE, and ...

President Volodymyr Zelenskiy said in an interview broadcast on Tuesday that Ukraine was prepared to proceed along a ...

According to the International Renewable Energy Agency (Irena), the Middle East has less than 1 per cent of the world’s ...

Syria is seeking to import oil via local intermediaries after its first post-Assad import tenders garnered little interest ...

Saudi Arabia would need oil to be at $90 per barrel in 2025 to balance its budget, according to Capital Economics.

Saudi Arabia's General Authority for Statistics said last week that the kingdom's non-oil GDP growth rate was up 4.3% from 2023, while oil activities declined by 4.5%.

Beijing elected to slap 10% fees on US crude oil, among other products, following the decision from US President Donald Trump ...

Mr Paknejad said that Tehran had prepared strategies for any situation regarding US sanctions. Read more at straitstimes.com.