Lessons from Iran war? Saudi mulls expanding oil pipeline to Red Sea
The East-West pipeline, which was built in the early 1980s, has become...
Strait of Hormuz
Geopolitical fallout: UAE’s non-oil sector experiences weakest June in three years
Dubai's PMI fell to 50.7 in June, from 52.0 in May, representing...
Saudi Aramco resumes crude loading at Ras Tanura as Hormuz situation eases
Aramco, along with other Middle Eastern producers, had been ramping up energy...
Iran war fails to derail luxury market’s recovery, says Bain report
Bain's base-case scenario now points to a 2% to 4% rise in...
ADNOC’s tender to test buyers’ willingness to load oil in Strait of Hormuz
As per ADNOC, buyers, subject to mutual agreement, can lift cargoes on...
Here is what S&P and Fitch are saying about GCC issuers’ credit outlook
Despite the Iran war showing no immediate ending signs, S&P said negative...
Aramco ends eight-year downstream partnership with Malaysia’s Petronas
The Saudi state oil giant will transfer its equity stakes in the...
Iraq seeks IMF support as Iran war hammers West Asian nation
IMF financial assistance talks intensify as Iraq faces oil export disruptions and...
Egypt secures USD 1.5 billion loan for food and energy
Egypt has one of the largest bread subsidy schemes in the world,...
OPEC+ announces June oil output hike amid UAE exit
The UAE had long resisted production quota of OPEC+, as the Gulf...