OPEC output tight amid COVID lockdowns

The Organization of the Petroleum Exporting Countries (OPEC) is preparing to assess its current policy of holding back millions of barrels of daily supply as the third wave of the…

Riyadh to reinforce security on oil plants

Saudi Arabia has declared intention to further deter attacks on its oil facilities, in the wake of this week’s assault on the heart of the kingdom’s industry this week by…

Regional reaction to Trump defeat

There has been widely diverse reaction to the impending exit of U.S. President Donald Trump from the White House. Many Arab leaders congratulated Joe Biden on his election victory, while…

Iran rejects oil deal by Riyadh

Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise…