Edition:
United Kingdom

Rania El Gamal

Exclusive: UAE plans oil trade overhaul to boost Middle Eastern clout

16 Jul 2019

DUBAI/LONDON The United Arab Emirates' state-run ADNOC, long seen as one of the most conservative oil firms in the Middle East, plans an overhaul for its trading operations as it seeks to emulate the success of rival oil majors and bolster its regional influence.

OPEC extends oil cut to prop up prices as economy weakens

01 Jul 2019

VIENNA OPEC agreed on Monday to extend oil supply cuts until March 2020 as the group's members overcame their differences in order to prop up the price of crude amid a weakening global economy and soaring U.S. production.

OPEC set for oil cut extension if Iran endorses pact

30 Jun 2019

VIENNA OPEC and its allies look set to extend oil supply cuts next week at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia on Sunday in endorsing a policy aimed at propping up the price of crude amid a weakening global economy.

Gulf oil producers to maintain output within OPEC target in July - sources

20 Jun 2019

DUBAI Gulf OPEC producers will keep their July oil production within their OPEC target despite the current global supply cut pact expiring at end of June, OPEC sources said on Thursday, a signal that the Gulf exporters are reluctant to boost supply.

Kuwait's KUFPEC eyes acquisitions as it boosts oil, gas output - CEO

20 Jun 2019

KUWAIT, June 20 Kuwait Foreign Petroleum Exploration Co. (KUFPEC) is looking for strategic acquisitions in the coming year and a half as it aims to boost its oil and gas production to 150,000 barrels of oil equivalent per day (boed) by 2020, the company's chief said.

OPEC wrangle over meeting date exposes deepening Saudi-Iran rift

19 Jun 2019

LONDON/DUBAI/MOSCOW OPEC's month-long wrangle over a date for its next meeting has highlighted a changing dynamic in the group with decisions increasingly driven by long-time leader Saudi Arabia in tandem with non-OPEC Russia, angering member states like Iran.

U.S. and Gulf allies face tough task protecting oil shipping lanes

14 Jun 2019

DUBAI The United States and its allies may need to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.

U.S. and Gulf allies face tough task protecting oil shipping lanes

14 Jun 2019

DUBAI The United States and its allies may need to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.

U.S. and Gulf allies face tough task protecting oil shipping lanes

14 Jun 2019

DUBAI The United States and its allies may need to to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.

U.S. and Gulf allies face tough task protecting oil shipping lanes

14 Jun 2019

DUBAI, June 14 The United States and its allies may need to to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.

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