OPEC+ set for another oil output quota hike despite Hormuz closure
OPEC+ has agreed in principle to raise oil output targets in June, two sources familiar with the group’s…
South Korea introduces relief payments amid oil crisis
South Korea has added relief payments to its sweep of measures to tackle the ongoing oil crisis as…
From railways to energy — five strategic projects linking Gulf states | Economy News
Gulf leaders gathered in Riyadh this week for their first in-person meeting since the outbreak of the US–Israel war…
Kuwaiti loaded oil tanker ablaze in Dubai Port after Iranian attack, no casualties
Iran attacked a fully-loaded crude oil tanker at Dubai Port’s anchorage on Monday (Mar 30), setting it ablaze…
Kuwait says Hormuz closure will trigger domino effect across the world
Sheikh Nawaf al-Sabah, CEO of Kuwait Petroleum Corp., speaks during the CERAWeek by S&P Global conference in Houston,…
The economy has Strait of Hormuz deadline for Trump: Two weeks
An Islamic Revolutionary Guard Corps (IRGC) speed boat sailing along the Persian Gulf near a cargo vessel. Nurphoto…
How much of the Gulf’s water comes from desalination plants? | US-Israel war on Iran News
The United States-Israeli war on Iran has exposed the vulnerability of critical water infrastructure in a region that…
Kuwait rolls out mental health care in 75 clinics nationwide
Kuwait Health Ministry adds electronic leave to smart fingerprint system. KUWAIT CITY, March 11: The Ministry of Health…
Gulf Producers Slash Oil Output by 5 Million Bpd
The largest oil producers in the Middle East Gulf have deepened production cuts and are already lowering output…
traders weigh inflation and recession risks
U.S. Treasury yields climbed higher on Monday as oil prices soared past $100 a barrel, fueling fears among…
Malaysia vows to hold petrol prices as oil hits US$100 a barrel amid Iran war
Malaysia’s Prime Minister Anwar Ibrahim said on Monday that his government would do whatever it took to keep…
Oil surges above $100 a barrel; Trump says ‘small price to pay’ for defeating Iran
Crude oil prices surged above $100 per barrel on Sunday, after major Middle East producers cut output because…