Middle East

KPC sees oil at $65 a barrel for 7 months

Oil prices are likely to remain around $65 a barrel for the next six to seven months, the head of Kuwait’s state oil company...

Middle East

El Sharara oilfield ready to restart

Libya’s El Sharara oilfield remains closed but oil workers are keeping it ready to resume production once a pipeline blockage...

Middle East

Oil producers face ‘huge liabilities’ in climate deal

Saudi Arabia’s top climate negotiator said that growing pressure to phase out fossil fuels does not help the UN climate...

Middle East

In brief

Iraq cuts OSPs to Asia, USLONDON: Iraq has cut the official selling price (OSP) to Asia and the US in January for its main crude oil export grade, Basrah light, but...

Middle East

Sonatrach chalks out energy output expansion

Algerian state energy company Sonatrach said it will intensify its exploration efforts by drilling 125 wells a year and...