The UAE is set to post its first fiscal deficit since 2009 because of lower oil revenues, but it can avoid any serious economic slowdown, the International Monetary Fund said after annual consultations with UAE autho ...
Minister of Petroleum Bijan Zangeneh says Iran is not satisfied with current oil prices after OPEC decided to maintain production levels unchanged at its Friday meeting in Vienna.
Saudi Arabia is trying to maintain its share of the global oil market rather than use its power in OPEC to curb U.S. producers, according to David Petraeus
Saudi Oil Minister Ali al-Naimi is counting on oil traders to keep sitting on near-record volumes of stockpiled crude to prevent a second relapse in oil prices later this year.
Low production costs for Middle East companies offer regional players significant competitive advantage in the low price segment of an oil ‘super cycle’, a report said.