Middle East

Egyptian Firm To Buy $15 Billion Of Israeli Natural Gas

Israeli Energy Minister Yuval Steinitz called it the most significant export deal with Egypt since the neighbors signed their historic peace treaty in 1979.

Feb 20 2018 - 7:45am

Saudi Aramco’s IPO: Will It Happen?

Recent windfalls generated through taxes and the kingdom’s “anti-corruption purge” has triggered further speculation about the future of Saudi Aramco’s IPO.

Feb 19 2018 - 8:00am

Report: OPEC January Oil Output Rises Despite Venezuelan Decline

For a second month, a Reuters survey showed no sign of big OPEC producers boosting output significantly to cash in on rallying prices or to replace a decline in Venezuela.

Feb 1 2018 - 6:55am

Iraq Says To Comply With OPEC Deal Despite Oil Export Capacity Rise

Oil Minister Jabar al-Luaibisaid said Iraq hoped to more than double production from the northern Kirkuk oil fields with the help of BP, but will still comply with the OPEC output reduction deal.

Jan 29 2018 - 7:50am

Rick Perry To Russia, Saudi Arabia: US Shale Won't Be Oil Market 'Spoiler'

U.S. Energy Secretary Rick Perry was speaking at a rare joint panel with Russian and Saudi energy ministers, Alexander Novak and Khalid al-Falih, at the World Economic Forum in Davos.

Jan 25 2018 - 7:15am

Saudi Regulator Asked To Study Local Market Impact Of Aramco IPO

An advisory council to Saudi Arabia’s government has asked the kingdom’s securities regulator to study the impact of listing Saudi Aramco on the local bourse amid concern that a huge initial public offering could damage the market.

Jan 24 2018 - 9:20am

Saudi Arabia: Oil Producers Will Cooperate Beyond 2018

Global oil producers are in agreement that they should continue cooperating on production after their deal on supply cuts expires at the end of this year, Saudi Arabia’s energy minister Khalid al-Falih said on Jan. 21.

Jan 22 2018 - 8:25am

Shell's Gaza Gas Field Sale Hits Problems

At least one European company has shown interest in the undeveloped Gaza Marine Field but Shell's discussions over the field have ground to a halt due to worsening political tensions in the region.

Jan 12 2018 - 12:20pm

Apache Says Non-US Oil Output Misses Its Forecast For Fourth Quarter

Apache estimated its production in the U.S. was at the high end of its forecast of 218,000 to 224,000 boe/d for the latest quarter, driven primarily by strong growth in the Permian.

Jan 9 2018 - 7:50am

Geopolitical Rivalries Cloud Prospects For Mediterranean Gas Finds

Eastern Mediterranean gas could resolve region’s tensions or exacerbate them.

Jan 8 2018 - 10:19am