Bahrain could receive LNG shipments from Russia

A memorandum of understanding was signed by Gazprom, Russia and Bahrain's National Oil and Gas Authority (Noga holding), following...

Iraq predicts steady increase in oil production into 2017

Iraq currently produces in excess of 4.6 million barrels of oil per day and is OPEC’s second biggest producer, behind Saudi...

Qatari PM and OPEC chief discuss market conditions

The Qatari Prime Minister expressed confidence that HE Barkindo would work closely with OPEC Member Countries to overcome the...

Saudi Arabia and Russia to cooperate on limiting production

Russia and Saudi Arabia are the world’s biggest producers of oil, pumping well in excess of 10 million barrels per day each.

Algeria: Oil at $50 per barrel is “not acceptable”

Algeria's minister of energy has met with Bijan Zanganeh, oil minister of Iran, in the run up to the planned OPEC meeting, set to...

Shell makes sizable gas discovery in Egypt

Shell has used the most advanced technology in the seismic survey phase of the field development, which led to the discovery.

Iran to boost South Pars gas production

While the minister did not specify the exact amount of gas which Iran would produce, keeping pace with Qatar would mark a dramatic...

EIA: OPEC oil revenues plunge by 46 per cent

An EIA report has revealed that oil revenues for OPEC nations fell from $753 billion in 2014 to $404 billion in 2015. The report...

Al Falih: Oil markets do not need significant intervention

Al-Falih said that a production freeze would be helpful and that Saudi Arabia would be willing to enter into a dialogue regarding...

Sadara starts up Saudi's first mixed feed cracker

The cracker is the only one of its kind in Saudi Arabia and largest in the MENA region. It will allow the company to help fill the...