The so called Islamic State (ISIS or IS) militant group had employed thousands of workers to keep crude pumping...

The UAE’s ministry of energy announced that it would lower domestic prices for gasoline and diesel in January, making...

Saudi Arabia has unveiled plans to lower its current budget deficit of $97.9b to $87b in 2016 by making...

Bahrain’s cabinet has approved a new pricing system for diesel and kerosene introducing a gradual rise of prices for...

Iraq’s state-run South Oil Co. (SOC) has approached PetroChina and ExxonMobil about investing in a multi-billion-dollar Integrated South Project...

Coordination has begun between Egypt and Japan to sign agreements on a number of cooperation projects during President Sisi’s...

Egypt has awarded petroleum tenders to a number of companies to supply Egypt with oil products in the month...

Egypt and Russia will reach a final agreement on the technical, financial and technological details of the Dabaa Nuclear...

The US is believed to soon resume its oil trade relations with Nigeria by purchasing ‘very limited’ quantities of...

Russia is building six new military bases in the disputed Arctic territory with an intention to protect its position...