A World Bank tribunal has ordered Venezuela to pay oil service company Tidewater around $46 million in compensation for seized vessels, in a decision the South American country hailed as a victory.
Any terms that world powers grant Iran under a nuclear deal will be sought by Saudi Arabia and other countries, risking wider proliferation of atomic technology, a senior Saudi prince warned on Monday in a BBC interview.
Oil prices have started to stabilise around $60 a barrel in past weeks and will continue to firm up, while crude demand will grow stronger, an adviser to Saudi Arabia's oil minister said.
The Qatar Science & Technology Park (QSTP) is looking towards its Proof of Concept Fund (POCF) programme to stimulate growth in the country’s small and medium-sized enterprises (SMEs) sector, QSTP director for Innovation Haya al-Ghanim told Gulf Times.
The U.S. Embassy in Riyadh canceled all consular services Sunday and Monday in the Saudi capital, as well as in Jeddah and Dhahran, amid heightened security concerns.
Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi stressed that Iran's redlines for any final nuclear deal with the Group 5+1 (the US, Russia, China, Britain and France plus Germany) remain unchanged,
Iranian Oil Minister Bijan Namdar Zanganeh announced that his ministry is planning to considerably increase the volume of the country’s oil derivatives exports in the next Iranian year (starting March 21, 2015).
Europe is likely to attract fewer liquefied natural gas (LNG) shipments than previously expected this summer as Egypt gears up to become the region's top-paying importer, traders said, potentially increasing gas prices in northwest Europe.