Saudi Arabia will restore its lost oil output of 5.7 million barrels per day by the end of September and has managed to recover oil supplies to the levels they were at prior to weekend attacks on its facilities by drawing from oil inventories. Energy Minister Prince Abdul-Aziz bin Salman said oil production in October would be 9.89 million bpd and that the world’s top oil exporter would ensure full oil supplies to customers this month.
Mohammad Zarqawi ambled around his narrow shop in central Damascus, filling plastic bags with colorful spices and herbs, their aroma spilling out into a dim market once bustling with customers.
Saudi Arabia's oil supply is fully back online after weekend attacks halved output and the kingdom will achieve 11 million barrels per day (bpd) capacity by the end of September and 12 million bpd by the end of November, the energy minister said Tuesday.
Saudi Arabia says restored 50 percent of lost oil production
Saudi Arabia, the world’s biggest crude exporter and a powerhouse of the oil refining industry, is scouring global fuel markets for cargoes in the wake of...
Not everyone agrees that interest-rate cuts are warranted in the U.S., but monetary easing by the Federal Reserve is making looser policy possible where it’s...
Saudi Arabia will try to maintain oil supplies to its major customers by drawing down crude stored at tank farms in the kingdom and in its global network...
The attack on oil facilities in Saudi Arabia that knocked out half of the kingdom’s crude production, fueling a record surge in prices, highlights the...
After 56 years of banking services, Jammal Trust Bank finally closed the curtains on all its operations Thursday after the U.S. Treasury accused the small...
A rally in Lebanon’s Eurobonds will prove short-lived if the country’s government can’t get serious about reforms that are needed to claim Saudi Arabian aid.
The U.S. president said Federal Reserve Chairman Jerome Powell’s job was safe even though he was “not thrilled” with the central bank after it moved to lower...
The trade war between the United States and China has plunged global growth to its lowest levels in a decade, the OECD said Thursday as it slashed its...
Saudi Arabia’s economic growth in 2019 will be significantly less than the kingdom had expected because of OPEC-led oil output cuts, but the attack on Aramco...
Oil supply have resumed as before: Saudi energy minister
Saudi Arabia's oil output will be fully restored quicker than thought following weekend attacks on production facilities, two sources briefed on developments...
Saudi energy giant Aramco is battling to reassure markets after devastating attacks on two oil plants, where a prolonged shutdown risks roiling investor...
From its beginnings in 1938 when it first struck oil with the aptly named “Prosperity Well,” Saudi Arabia’s national energy giant Aramco has delivered...
Here are key facts about Aramco, including details released this year of its finances and operations.
Saudi stocks fell sharply Sunday after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out over half of Saudi crude...
Dozens of bankers from Citigroup Inc. to JPMorgan Chase & Co. descended on the heart of Dubai’s financial district Thursday to start work on the mammoth...
Since the launch of its strategy to revive global oil markets three years ago, one of the biggest challenges faced by OPEC and its allies is that not all the...
The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more.
OPEC+ responded to growing concerns that a slowing economy could tip the oil market back into surplus by applying additional pressure to members that haven’t...
Algeria signaled it may reverse its long-held aversion to outside financing and lift some foreign-investment restrictions as the protest-hit OPEC member...
Egypt’s inflation eased in August to its lowest level since the start of 2013, paving the way for what could be the second-biggest push to cut interest rates...
Saudi energy giant Aramco is ready for a two-stage IPO but the timing is up to the government, its chief executive said Tuesday, flagging a possible foreign...
Saudi Arabia’s new energy minister said Monday that the world’s top oil exporter would keep working with other producers in order to achieve market balance...
Saudi Arabia’s king appointed his son, Prince Abdul-Aziz bin Salman, as energy minister Sunday, replacing Khalid al-Falih and for the first time handing the...
Oil producers and their suppliers are cutting budgets, staffs and production goals amid a growing consensus of forecasts that oil and gas prices will stay low...
Undaunted by Turkey’s near certain failure to come close to its economic growth goal this year, President Recep Tayyip Erdogan has set a target for 2020...
Egypt’s stock exchange aims to introduce short selling by December, part of a broader effort to boost liquidity in a market that’s also anticipating a wave of...
Emirates President Tim Clark has delivered a broadside against Airbus SE and Boeing Co. as well as their biggest engine suppliers, saying he was no longer...
Saudi Arabia’s renewed push to publicly list its most valuable asset, Aramco, is part of a high-stakes masterplan by Crown Prince Mohammad bin Salman to...