Oil traders hold a record position in a contract that lets them bet on the price difference between Middle Eastern crude and ...

The Middle East is shifting from conflict to investment as Iran loses influence and Gulf states take the lead. IMEC is ...

President Volodymyr Zelenskiy said in an interview broadcast on Tuesday that Ukraine was prepared to proceed along a ...

Saudi Arabia would need oil to be at $90 per barrel in 2025 to balance its budget, according to Capital Economics.

Mr Paknejad said that Tehran had prepared strategies for any situation regarding US sanctions. Read more at straitstimes.com.

According to the International Renewable Energy Agency (Irena), the Middle East has less than 1 per cent of the world’s ...

Oil traders are making big moves in the Brent-Dubai spread, a contract that lets them bet on the price gap between Middle Eastern crude and global benchmark Brent. The action has hit record levels ...

The rush to buy replacement cargoes for sanctioned Russian oil has pushed Middle Eastern crude prices to an unusual premium ...

Saudi Arabia's General Authority for Statistics said last week that the kingdom's non-oil GDP growth rate was up 4.3% from 2023, while oil activities declined by 4.5%.

Industry officials maintain that enough oil supply is available in the global market and replacing the lost Russian oil ...