OPEC

New Saudi king seen holding line on OPEC policy to keep oil output high
World

New Saudi king seen holding line on OPEC policy to keep oil output high

 Saudi Arabia's new king is expected to continue a policy of keeping oil output steady to drive out rival producers,…
Venezuela’s Maduro in OPEC kingpin Saudi for talks
World

Venezuela’s Maduro in OPEC kingpin Saudi for talks

Venezuelan President Nicolas Maduro has arrived in OPEC's leading oil producer Saudi Arabia, state media reported on Sunday, after he…
SPA: Saudi’s Naimi says oil price slide ‘temporary’, remains optimistic
World

SPA: Saudi’s Naimi says oil price slide ‘temporary’, remains optimistic

Saudi Oil Minister Ali al-Naimi sees the current slide of oil prices as temporary and said he remains optimistic about…
Gulf markets bleed after OPEC lets oil slide, Egypt steady
Business

Gulf markets bleed after OPEC lets oil slide, Egypt steady

Gulf stock markets plunged to milestone lows in a panic sell-off on Sunday after OPEC's decision to keep crude output…
Russian oil tsar to meet OPEC as Saudis keep market guessing
World

Russian oil tsar to meet OPEC as Saudis keep market guessing

Russia's most powerful oil official, Igor Sechin, was due in Vienna on Tuesday for talks with OPEC members as the…
Gulf to reject OPEC cuts to guard oil market share: analysts
World

Gulf to reject OPEC cuts to guard oil market share: analysts

Gulf oil producers led by Saudi Arabia will likely reject output cuts at an OPEC meeting next week unless they…
Negotiations with OPEC to build power plants
Business

Negotiations with OPEC to build power plants

A senior official said the government agreed to negotiate with the OPEC Fund for International Development (OFID) to build power…
OPEC to finance South Helwan power plant
Business

OPEC to finance South Helwan power plant

Prime Minister Hazem al-Beblawy on Sunday attended the final signing ceremony of a loan agreement worth US$70 million with the OPEC…
Kuwait braces for huge protest against vote change
World

Kuwait braces for huge protest against vote change

Kuwait was braced Sunday for what organizers said would be a huge rally in the face of beefed up security…
Explosion kills 39 at Venezuela’s biggest refinery
World

Explosion kills 39 at Venezuela’s biggest refinery

  PARAGUANA/CARACAS, Venezuela- An explosion tore through Venezuela's biggest refinery on Saturday, killing 39 people, wounding dozens more and halting operations…
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