Energy - Middle East & Africa

Iraqi, Saudi energy ministers say committed to output cuts

Iraqi, Saudi energy ministers say committed to output cuts

Both sides said they were satisfied with improving oil market conditions, the agency added. Saudi news channel Al Arabiya reported that Iraq had agreed...

Kuwait and Saudi Arabia to halt production from Al-Khafji joint oil field for a month

Kuwait and Saudi Arabia to halt production from Al-Khafji joint oil field for a month

"Production cuts comes after OPEC+ meeting in April to cut oil production to rebalance global oil markets". "Production will automatically resume as of July...

Lebanon seeks foreign government-backed financing for power plants after default

Lebanon seeks foreign government-backed financing for power plants after default

Lebanon defaulted on sovereign debt in March Power reform seen as critical to fixing state finances Lebanon to negotiate with four firms on possible...

Saudi Arabia crude exports rise to 7.391mn bpd in March

Saudi Arabia crude exports rise to 7.391mn bpd in March

Saudi Arabia built up its crude stocks in March by more than 3.5 million barrels to 2,964 million barrels from minus 0.683 million barrels...

Abu Dhabi borrows $7bn as low oil price bite

Abu Dhabi borrows $7bn as low oil price bite

OPEC kingpin Saudi Arabia last week raised $7 billion in a bond sale, while gas-rich Qatar sold bonds worth $10 billion two weeks ago. ...

Saudi Arabia seeks urgent OPEC+ meeting to stabilise oil market

Saudi Arabia seeks urgent OPEC+ meeting to stabilise oil market

The kingdom calls for an urgent meeting of OPEC+ and a group of other countries with the aim to try and reach a fair...

Saudi Arabia’s crude oil supply rises above 12mn bpd

Saudi Arabia’s crude oil supply rises above 12mn bpd

A global oil supply cut pact expired on Tuesday, lifting restrictions on output by OPEC members, Russia and other producers. DUBAI: Saudi Arabia's crude oil...

Saudi Arabia’s crude oil stockpiles fall in Dec

Saudi Arabia’s crude oil stockpiles fall in Dec

The top OPEC exporter pumped 9.594 million bpd in December, down from 9.890 million bpd in November. Crude exports in December were unchanged at...

Saudi Arabia crude exports unchanged at 7.37mn bpd in December 2019

Saudi Arabia crude exports unchanged at 7.37mn bpd in December 2019

The country's crude output fell by 296,000 bpd to 9.59 million bpd in December, the data from the Joint Organisations Data Initiative. The Organization...

Saudi crude exports rise to 7.37mn bpd in November 2019: JODI

Saudi crude exports rise to 7.37mn bpd in November 2019: JODI

Crude oil exports in November 2019 rose to 7.37 million barrels per day, from 7.06 million bpd in October. Monthly export figures are provided...

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