oil production

As Cracks Emerge in Global Oil Pact, Saudis May Need to Compromise

As cracks emerge in global oil pact, Saudis may need to compromise By Rania El Gamal/Reuters Tough negotiations await a group of OPEC experts as they meet their counterparts from other oil producers such as Russia, on October 28-29 to hammer out details of an output-capping agreement, with disagreements threatening to scupper the deal. OPEC

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Iran Supports Any Move to Stabilize Oil Market: Rouhani

DUBAI, Sept 18 – Iran’s President Hassan Rouhani said Tehran supports any move to stabilise the global oil market and lift prices, the Iranian oil ministry news agency SHANA quoted him as saying on Sunday. “Instability and falling oil prices are harmful to all countries, especially oil producers,” Rouhani was quoted as saying by SHANA.

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Market Outlook: Boom or Bust?

Uncertainty masks the fate of global economy amid lack of action from the world’s leading powers BY Ahmad Khatib It has been the first quarter of rebounding indices. After its worst first week of a year in history, the Dow Jones industrial average managed to rebound and complete its best quarterly comeback since 1933. Other

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Low Oil Prices: A New Opportunity for Gulf Cooperation

BY Omar Al Ubaydli When the founders of the Organization of the Petroleum Exporting Countries (OPEC), convened in Baghdad in 1960, they made life difficult for themselves by violating virtually all of the ideal conditions for operating a cartel. That is why, 55 years later, Saudi Arabia has made the right decision by maintaining its production,

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