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World
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Region
10/11/2022 5:03:29 PM
President Joe Biden is to "re-evaluate" the US relationship with Saudi Arabia in light of the OPEC+ decision to cut oil production, a White House spokesperson said Tuesday.
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World
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Region
10/10/2022 4:36:58 PM
The United Arab Emirates president will Tuesday visit his Russian counterpart Vladimir Putin, state media reported, one of the few leaders to make the trip to Moscow since the Ukraine war started.
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Business
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Economy
10/7/2022 4:59:58 PM
Major oil-producing countries led by Saudi Arabia and Russia have decided to slash the amount of oil they deliver to the global economy.
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World
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International
10/6/2022 8:56:21 PM
The White House on Thursday said "all options" are being considered after the OPEC+ group's decision to cut oil production, despite US arguments that this will raise fuel costs and endanger world economies.
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Business
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Energy
10/6/2022 6:08:26 PM
By ignoring the United States and slashing its oil production, the OPEC+ group of petro-states demonstrated the tightening bond between Saudi Arabia, normally a close US ally, and Russia.
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World
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Region
10/6/2022 11:56:34 AM
Global stock markets advanced Thursday after strong U.S. hiring dampened hopes the Federal Reserve might ease off plans for interest rate hikes and the OPEC group of oil exporters agreed to output cuts to shore up prices.
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World
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International
10/5/2022 9:27:20 PM
US President Joe Biden got a diplomatic slap in the face Wednesday with the OPEC+ cartel's decision to ignore both his efforts at isolating Russia and desperate attempts to hold down fuel prices ahead of midterm elections.
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Business
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Energy
10/5/2022 5:21:38 PM
The OPEC+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key national elections.
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World
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International
10/5/2022 11:19:04 AM
Asian investors joined their Wall Street and European counterparts in an equity buying spree Wednesday as more data pointing to weakness in the US economy further fanned hopes the Federal Reserve could temper its rate hike campaign.
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Business
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Energy
10/5/2022 9:17:11 AM
Major oil producers led by Saudi Arabia and Russia were set to meet Wednesday as reports said they were mulling an output cut of up to two million barrels per day in a bid to prop up slumping prices.
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World
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Region
10/3/2022 3:48:23 PM
Major oil-producing nations led by Saudi Arabia and Russia are expected to make this week their biggest output cut since the start of the Covid pandemic in efforts to buttress prices.
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Business
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Energy
9/5/2022 3:52:07 PM
OPEC and allied oil-producing countries, including Russia, cut their supplies to the global economy by 100,000 barrels per day, underlining their unhappiness with crude prices that have sagged because of recession fears.
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Business
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Economy
9/5/2022 11:10:23 AM
Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday, with some experts even forecasting a cut to support prices.
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Al-Ahram Weekly
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Opinion
8/16/2022 6:38:23 PM
Abdel-Moneim Said shares his thoughts on a new book of wide-ranging relevance
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World
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Region
8/11/2022 9:20:29 PM
Iraq has agreed to renew a one-year deal to provide Lebanon with fuel for its power plants in exchange for in-kind services, Lebanon's Prime Minister said in a statement Thursday.
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Business
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Energy
8/3/2022 3:59:09 PM
The OPEC oil cartel and its allies decided Wednesday to boost production in September by a much slower pace than in previous months at a time of high oil prices and unstable energy supplies exacerbated by the war Russia has waged on Ukraine.
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World
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Region
7/31/2022 2:39:41 PM
Saudi Arabia's year-on-year economic growth hit nearly 12 percent for the second quarter, led by a surging oil sector, the government's statistics agency said Sunday.
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Business
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Energy
7/19/2022 6:46:02 PM
President Muhammadu Buhari said on Tuesday Nigeria's state-run oil firm would now operate as a fully commercial business without government intervention or funding.
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World
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Region
7/6/2022 10:05:06 AM
The Secretary-General of the Organization of Petroleum Exporting Countries has died, Nigerian authorities announced Wednesday.
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World
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Region
6/30/2022 6:37:07 PM
Major oil producers led by Saudi Arabia and Russia stuck to a previously decided output boost on Thursday, despite calls for bigger increases to tame crude prices.
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