Brent crude oil prices fell below $50 a barrel on Monday after Iraq announced record oil production and the global economic outlook darkened.
Iraqi Oil Minister Adel Abdel Mehdi said on Sunday Iraq pumped 4 million barrels per day
Iran, which has the largest natural gas reserves in the world, could potentially export 25 billion to 30 billion cu m (bcm) of natural gas to 12 European nations, a report said.
“Iran is seeking a way to export gas to Europe
A major new joint-venture refinery in Saudi Arabia on Thursday shipped its first clean diesel cargo, the company Yanbu Aramco Sinopec Refining Co (Yasref) said.
The start-up of the refinery is expected to weigh on diesel prices as
Saudi Arabia made deep cuts to its monthly oil prices for European buyers on Monday, a move some analysts said reflects the kingdom's deepening defence of market share, although it also hiked prices in Asia from record lows.
Turkey’s annual export figures for 2014 rose 4 per cent to $157.62 billion, an all-time high, the Turkish Exporters' Assembly (TIM) said on Thursday.
December exports rose 1.1 per cent year-on-year to $13.14 billion, TIM
Dubai-based Kimoha Entrepreneurs, a pioneer in manufacturing and marketing of plain and printed product labels, said it has registered over 35 per cent increase in its exports over the past four years.
Quality, customer focus and