Oil And Gas Industry

Egypt launches regional gas forum, including Israel in fold

Jan 14, 2019

Egypt has hosted its first ever regional gas forum, with several government delegations attending including the Israeli Energy Minister in the first such government invite for an Israeli Cabinet minister since its 2011 Arab Spring uprising

Saudi energy minister concerned about oil price volatility

Jan 13, 2019

Saudi energy minister urges oil producers to do better to narrow price swings from $60 to above $86 a barrel

Iraq to proceed with oil exploration with Iran

Jan 10, 2019

Iraq's oil minister says Iraq and Iran are jointly exploring two oil fields shared between the two countries, despite U.S. efforts to isolate Iran from global oil markets

Saudi Arabia announces higher oil reserves after audit

Jan 9, 2019

Saudi Arabia, one of the world's largest oil producers, says it has 268.5 billion barrels of proven crude oil reserves, a figure higher than previously known

Official: UAE-Pakistan talks on oil refinery at end stage

Jan 6, 2019

Pakistani minister: Talks with United Arab Emirates on oil refinery' have 'reached their final stage'

Plunge in oil prices threatens Iraq's postwar recovery

Jan 1, 2019

Plunging oil prices threaten Iraq's postwar recovery and could stoke more instability

Iran submits first budget since US sanctions were restored

Dec 25, 2018

Iran's president has submitted next year's budget to parliament, the first after the United States renewed sanctions targeting the oil industry

State TV: Iran's Guard launches drill near Strait of Hormuz

Dec 22, 2018

State TV is reporting that Iran's Revolutionary Guard ground force has launched a drill near the strategic Strait of Hormuz, the passageway for nearly a third of all oil traded by sea

Iraq receives 90-day extension to Iran sanctions waiver

Dec 21, 2018

The U.S. has granted Iraq a 90-day Iran sanctions waiver to allow it to continue to import electricity from Tehran

Saudi spending to hit record high as oil prices resume slide

Dec 18, 2018

Saudi Arabia's expenditures will hit a record-high in 2019 as the government plans to increase state spending by 7 percent to reach $295 billion despite plunging oil prices

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