The drop in oil prices represents a crucial threat to the execution of many mega projects worldwide, Kuwait Petroleum...

Oman government posted a budget deficit of OMR360.8 million in 2014, against a surplus of OMR267.4 million in the...

On March 28, Africa’s biggest economy and also the continent’s largest oil producer, Nigeria, will go to the polls...

Bunker fuel oil prices at the Egyptian port of Suez collapsed Thursday, following the delivery of a fresh cargo...

EGYPT’S balance of payments deficit in the first half of fiscal year 2014-2015 increased to $1.9 billion, 150% higher...

With the price of crude plumbing lows not seen since 2009, Royal Dutch Shell, Whiting Petroleum Corp and many...

Saudi Arabian stocks jumped the most in six weeks, leading a rally across Arab equity markets, after the country’s...

Economist Guido Mantega resigned on 23 March from the Petrobras’ Board of Directors, leaving his position as chairman. At...

Genel Energy has priced an issue of $230 million in senior unsecured bonds due 14 May 2019 on the...

China National Offshore Oil Corp (Cnooc) has decided to shelve its shale gas project in Anhui province in the...