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Strategic Oil Reserves
March 14th, 2026 - 12:53 GMT
Osama Ali

Osama Ali

Japan announces major oil reserve release amid Iran war market shock

ALBAWBA - As part of an international effort to calm the world's energy markets after the conflict with Iran caused substantial price hikes, Japan announced intentions to release a significant amount of its strategic oil reserves. After initially expressing reluctance, European nations have decided to take part in a coordinated release of oil reserves, according to Japanese Industry Minister Ryosei Akazawa on Saturday. After Japan had earlier assisted in easing ...
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GCC governments are targeting greater diversification so that the non-oil private sector starts to play a more significant role in supporting the economy, according to the Q1 review.
April 21st, 2014 - 02:55 GMT

4 is the lucky number? GCC economies projected to grow 4.4% in '14

Al Bawaba
April 20th, 2014 - 12:00 GMT

"Old" School: Singapore to train 3,000 Saudi school principals

Al Bawaba
April 20th, 2014 - 10:00 GMT

Finally, a solution for the Kingdom's economy? Tourism revenues on the rise in Jordan

Despite world forecast revisions, oil production in OPEC countries is on the rise due to Iraqi output (File Archive/Shutterstock)
April 20th, 2014 - 09:00 GMT

IEA oil forecast revision down, but OPEC countries need not worry

Al Bawaba
April 20th, 2014 - 08:00 GMT

This MENA country is topping charts...for military spending

Al Bawaba
April 20th, 2014 - 01:55 GMT

The untameable monster: experts warn Dubai against off-plan property sales given signs similar to 2008 crash

Al Bawaba
April 20th, 2014 - 12:10 GMT

The not-so-smart approach: Libya to introduce smart card system to cut fuel subsidies

Al Bawaba
April 18th, 2014 - 10:14 GMT

Samsung Galaxy S5 to defy expectations and outsell S4?

The 36-story, 382,500 square-foot (35,535 square-meter) building is located on the Fifth Avenue in New York.
April 18th, 2014 - 07:32 GMT

In audacious move, US to sell Iran-owned skyscraper in New York

Iran shares oil and gas fields with most of its neighbors, including Iraq, Kuwait, Qatar, as well as Oman and Turkmenistan.
April 17th, 2014 - 09:53 GMT

Historic irony? Iran to splash $20 billion on joint oil fields with Iraq

Ensour stressed that the Kingdom is in need of support from all Arab states to be able to continue its pan-Arab nationalist role.
April 17th, 2014 - 09:37 GMT

Rising from the ashes? Jordan's economy 'recovering', says PM

Al Bawaba
April 17th, 2014 - 09:21 GMT

Short-term pain, long-term gain? Emirates airlines to cancel 41 destinations for Dubai runway upgrade

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