Middle East (Energy)

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Published 10/08/2020

DUBAI (Reuters) - State oil giant Saudi Aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and [more…]

Saudi King Salman, 84, admitted to hospital

Saudi King Salman, 84, admitted to hospital

Published 20/07/2020

RIYADH (Reuters) - Saudi Arabia’s 84-year-old ruler, King Salman bin Abdulaziz, has been admitted to hospital in the capital Riyadh, suffering from inflammation of the [more…]

UAE wants to see a return of Libya’s oil production with safeguards: minister

UAE wants to see a return of Libya’s oil production with safeguards: minister

Published 13/07/2020

DUBAI (Reuters) - The United Arab Emirates wants to see a return of Libya’s oil production as soon as possible but with safeguards in place [more…]

Japan’s MUFG expects deep recession across GCC countries

Japan’s MUFG expects deep recession across GCC countries

Published 27/04/2020

DUBAI (Reuters) - Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) expects countries in the six-nation Gulf Cooperation Council (GCC) to be in deep recession [more…]

Saudi-led coalition in Yemen calls for end to escalation in south

Saudi-led coalition in Yemen calls for end to escalation in south

Published 27/04/2020

RIYADH (Reuters) - The Saudi-led coalition engaged in Yemen on Monday urged a leading separatist group that declared self-rule in the south to rescind its [more…]

Iraqi oil minister says big oil cut deal will help to stabilize oil market

Iraqi oil minister says big oil cut deal will help to stabilize oil market

Published 12/04/2020

CAIRO (Reuters) - Iraq’s oil minister said late on Sunday that the big oil cut deal reached at an OPEC+ meeting would help stabilize the [more…]

Deep OPEC+ cuts won’t be enough to prevent oil inventory build: IEA head

Deep OPEC+ cuts won’t be enough to prevent oil inventory build: IEA head

Published 03/04/2020

LONDON (Reuters) - Deep oil output cuts by OPEC and other producing nations would not be enough to prevent a huge build in global crude [more…]

OPEC+ debates biggest ever cut as virus destroys oil demand

OPEC+ debates biggest ever cut as virus destroys oil demand

Published 03/04/2020

DUBAI/LONDON/MOSCOW (Reuters) - OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10% of global supply, an OPEC [more…]

Kuwait has 10 new cases of coronavirus, brings total to 56 – TV

Kuwait has 10 new cases of coronavirus, brings total to 56 – TV

Published 02/03/2020

DUBAI (Reuters) - Kuwait’s Health Ministry announced 10 new cases of coronavirus in the country on Monday bringing the total number to 56, a ministry [more…]

Kuwait, Bahrain report coronavirus in people who visited Iran

Kuwait, Bahrain report coronavirus in people who visited Iran

Published 24/02/2020

DUBAI (Reuters) - Kuwait and Bahrain on Monday recorded their first new coronavirus cases, all involving people who had visited Iran, which has reported 43 [more…]