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Organization of Petroleum-Exporting Countries

Organization of Petroleum-Exporting Countries latest

OPEC compliance with the agreed cuts stood at 94 percent, while non-OPEC was at 51 percent in February, the International Energy Agency (IEA) said. (Shutterstock)
March 31st, 2019 - 07:59 GMT

Oil Prices Report Biggest Quarterly Rise in a Decade

OPEC compliance with the agreed cuts stood at 94 percent, while non-OPEC was at 51 percent in February, the International Energy Agency (IEA) said.
Read more
Activity in Qatar's construction sector soared 19.6 per cent from a year ago in January-March, faster than a 13.6 per cent rise in the whole last year,
July 1st, 2014 - 03:55 GMT

Thanks to construction, Qatar GDP growth rebounds to 6.3%

Al Bawaba
June 30th, 2014 - 03:55 GMT

How the violence in Iraq is costing Egypt more than a billion dollars

Al Bawaba
June 29th, 2014 - 12:18 GMT

How the ISIS is butchering Iraq's economic prospects

Brent crude, US gasoline prices, Turkish fuel networks, Chinese, Russian, French and British oil concessions are all at risk if Iraq’s civil war escalates into a regional war.
June 24th, 2014 - 03:55 GMT

The last thing the world needs? How Iraq's insecurity is endangering everyone's oil security

Imports of oil from Iran often swing widely from month to month as one of South Korea's two refiners to import Iranian oil usually buys the crude only every other month.
June 17th, 2014 - 03:55 GMT

What sanction relief? South Korean oil imports from Iran down 44%

The Gulf state is also revising subsidies on electricity, water and petrol, currently sold at well below cost.
June 10th, 2014 - 08:34 GMT

Here comes the avalanche: Kuwait ends diesel subsidies over deficit fears

The GCC’s situation is quite unique at the global level.
June 8th, 2014 - 11:23 GMT

Beyond the usual: massive surpluses await the Gulf economies

Iran's crude oil exports have been rising since Tehran reached a breakthrough deal with six world powers over its nuclear energy program last November.
May 14th, 2014 - 02:55 GMT

Who's being replaced? Iran to export 400,000 bpd to China

The erosion of surpluses has prompted calls to restrain the government spending that has powered the Gulf’s economic boom over the past two decades.
May 8th, 2014 - 02:53 GMT

GCC fiscal surpluses: about to take the plunge?

Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping its sovereign wealth fund to increase to over $400 billion.
May 7th, 2014 - 03:55 GMT

Tough love: the IMF has a few things to say to Kuwait

Emiratis have been at the forefront of green energy exploration and construction in the Middle East (File Archive)
May 5th, 2014 - 07:06 GMT

Forget Expo 2020! UAE submitting bid for World Energy Congress 2019

Al Bawaba
May 4th, 2014 - 12:06 GMT

Priority to economic considerations may open the door to fix political differences in the Arab world

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