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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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World
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International
6/30/2022 12:27:21 PM
Oil prices are high, and drivers are paying more at the pump. But the OPEC oil cartel and allied producing nations may not be much help as they decide Thursday how much more crude to send to world markets.
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World
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Region
6/14/2022 8:44:06 PM
Gulf monarchy Bahrain has issued a royal decree ordering 17 cabinet changes including a new oil minister in its biggest reshuffle and first for 20 years, officials said.
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War in Ukraine
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Economy
6/2/2022 12:43:02 PM
The OPEC oil cartel and allied producing countries including Russia will raise production by 648,000 barrels per day in July and August, offering modest relief for a global economy suffering from soaring energy prices and the resulting inflation.
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Business
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Energy
5/31/2022 2:38:08 PM
Saudia Arabia, Russia and their allies are likely to stick to their policy of modest oil output increases when they meet Thursday after the EU banned most imports from Moscow.
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Al-Ahram Weekly
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Opinion
5/23/2022 10:10:00 AM
Abdel-Moneim Said takes stock of the current bump in US-Gulf relations.
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War in Ukraine
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Economy
5/10/2022 2:16:30 PM
Russian Foreign Minister Sergei Lavrov visited gas-producing ally Algeria for talks Tuesday as a European drive to secure alternative supplies gathers pace.
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Business
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Energy
5/5/2022 3:38:54 PM
Saudi Arabia, Russia and other key oil producers agreed on Thursday to another marginal increase in output, bolstered by risks to demand amid coronavirus restrictions in China.
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War in Ukraine
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Economy
5/5/2022 12:25:40 PM
OPEC and allied oil-producing countries, including Russia, are weighing conflicting forces Thursday as they decide how much crude should flow to volatile global markets. Europe's proposal to phase out Russian oil and other Western sanctions are choking back supply, while COVID-19 shutdowns in China are cutting demand.
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World
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Region
4/2/2022 12:23:38 PM
Iraq exported $11.07 billion of oil last month, the highest level for half a century, as crude prices soared amid shortfall fears following Russia's invasion of Ukraine, the oil ministry said.
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Business
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Energy
3/31/2022 8:38:56 PM
The OPEC group of oil producing countries and its Russia-led allies agreed on another modest oil output increase on Thursday, ignoring Western pressure to significantly boost production as the Ukraine conflict has rocked prices.
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War in Ukraine
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Economy
3/31/2022 1:55:38 PM
The OPEC group of oil-producing countries and its Russia-led allies were expected Thursday to again ignore Western pressure to significantly boost production as the Ukraine conflict has rocked prices.
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Business
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Economy
3/28/2022 2:09:04 PM
The United Arab Emirates' energy minister doubled down Monday on an oil alliance with Russia that's helped buoy crude prices to their highest in years as Moscow's war on Ukraine rattles markets and sends energy and commodity prices soaring.
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War in Ukraine
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Economy
3/10/2022 12:13:30 PM
The United Arab Emirates on Thursday reaffirmed its commitment to OPEC+ alliance agreements, a day after an envoy said it would urge the oil cartel to boost output.
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War in Ukraine
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Economy
3/9/2022 9:06:50 PM
The United Arab Emirates said Wednesday it would urge fellow states in the OPEC oil producers' cartel to boost output after prices surged following Russia's invasion of Ukraine.
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War in Ukraine
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Economy
3/3/2022 2:10:18 PM
European stocks slid and oil flirted with $120 per barrel Thursday as conflict raged in Ukraine.
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Business
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Energy
2/28/2022 2:15:39 PM
The OPEC+ cartel of top oil producers at their monthly meeting on Wednesday are likely to be powerless to rein in prices, which have soared above $100 after member Russia's invasion of Ukraine.
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World
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International
2/13/2022 11:49:41 AM
Soaring energy prices have brought massive profits to oil majors, along with fierce criticism from environmentalists and politicians at a time when consumers are left with rising bills.
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World
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International
2/2/2022 11:43:09 AM
Oil cartel OPEC and allied countries are deciding how much oil to feed into the global economy as crude prices hover near seven-year highs, spiking gasoline costs and fears of a Russian military move against Ukraine add to jitters over supply
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Al-Ahram Weekly
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Egypt
2/1/2022 10:44:10 PM
Oil prices have hit seven-year highs with expectations of further rises, reports Ahmed Kotb
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