The planned $2.5-billion expansion of Aluminium Bahrain (Alba) will contribute to the kingdom’s national economy and create additional job opportunities for qualified nationals, said Shaikh Khalid bin Abdulla Al Khalifa, Bahrain’s De
Oil prices could plunge to $60 a barrel if the Organisation of Petroleum Exporting Countires (Opec) does not agree a significant output cut when it meets in Vienna, market players say.
Brent crude futures have
Oil analysts are putting down markers on the Organisation of the Petroleum Exporting Countries' (Opec) meeting on November 27, when members will consider whether to cut output to shore up prices.
Opec members Iran and Venezuel
Venezuela's Foreign Minister Rafael Ramirez said the Organization of the Petroleum Exporting Countries will increase coordination in the face of the fall in oil prices, the South American government said in a statement, without elaborating
Iran's oil minister accused some countries of making up excuses to justify their refusal to stabilise prices by cutting output, a possible reference to Saudi Arabia as a Saudi official insisted the issue should be left to market fo
Opec member Qatar expects to lower oil output to about 500,000 barrels per day (bpd) by the end of November, down from 650,000 at the end of last month and from 800,000 a month earlier, an industry source familiar with the matter said.
A subtle shift may be taking place within Opec as it heads into its most important meeting in years, according to delegates with the producer group, as the discussion over whether it needs to cut output to defend oil revenues quietly intensifi
Abu Dhabi Company for Onshore Oil Operations (Adco) plans to invest between $5 billion and $7 billion in the next three years to raise output by 12.5 per cent, its chief executive said.
The state-owned crude oi