Middle East

Qatar joins Mideast firms in price cuts

Qatar has become the latest Middle East oil producer to cut prices by more than $1 a barrel in an attempt to revive demand for...

Middle East

Kuwait says Opec unlikely to cut output

The Organization of the Petroleum Exporting Countries (Opec) is unlikely to cut oil production in an effort to prop up prices...

Middle East

In oil price war, Saudi’s biggest rival is next door

Kuwait, Saudi Arabia’s traditional Gulf ally, is challenging its bigger neighbour in an increasingly competitive battle for...

Middle East

Facing new oil glut, Saudis avoid 1980s mistakes

Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in...

Middle East

In brief

Algeria earnings to dip ALGIERS: Algerian state-run energy group Sonatrach expects earnings from oil and gas sales to dip by 5.2 per cent to $60 billion in 2014 from a...