Rising crude demand is rebalancing the oil market, the CEO of Saudi Aramco, Amin Nasser, indicated, according to Bloomberg....

Low investment rates in oil development projects could have long-term consequences, the CEO of Mubadala, Khaldoon El Mubarak, warned,...

Iraq plans to build a new pipeline to replace a damaged section of the Kirkuk-Ceyhan oil pipeline, Reuters reports....

Iraq is offering nine new blocks for oil and gas exploration and production, Reuters reports. In a press conference,...

Kuwait and Iraq agreed on an export price for Iraq’s natural gas, the Kuwaiti Oil Minister, Issam El Marzouq,...

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Saudi Aramoc and Saudi Basic Industries Corporation (SABIC) signed a memorandum of understanding (MoU) for the construction of a...

A global glut of natural gas could result in a sharp drop in prices, the Russian Oil Minister, Alexander...

Eni will drill two new exploratory wells in Cyprus’ territorial waters, the company’s CEO, Claudio Descalzi, said, AP reports....

Russia and Saudi Arabia have agreed to a basic framework for extending the production-cut agreement, Bloomberg reports. Both countries...