Saudi Arabia hiked the price of its flagship crude to Asia by the most in more than two years as the kingdom responds to ...

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

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

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 ...

Palestinian group Hamas yesterday lashed out at President Donald Trump’s shock proposal for the United States to take over the Gaza Strip and resettle its people in other countries, seemingly whether ...

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

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

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 ...