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Global oil markets remain volatile ahead of OPEC’s May 25 ministerial meeting on expectations that the producer group and its non-OPEC partners will extend production cuts until the end of 2017. The alliance agreed to reduce production by a collective 1.8 million barrels per day (mb/d) from January to June in a bid to rebalance...

OPEC ministers are set to mark the one-year anniversary of their historic production pact with their non-OPEC counterparts on November 30 with oil prices up by a sharp $10 per barrel (/bbl) on average so far this year and oil revenue higher by a significant 25 percent, far outpacing the relatively modest supply cuts by...

A substantial drawdown on global oil stocks is forecast for the fourth quarter amid record oil demand, accelerating the rise in oil prices to the $100 per barrel threshold.

While the strategic value of Iran’s drones seems limited thus far, Moscow seems to view them as an inexpensive – and punitive – way to maintain leverage in the conflict.

With the Al-Faw Grand Port and broader “Dry Canal” corridor project, Iraq aims to become a transportation hub between Asia and Europe. However, formidable political, security, financing, and feasibility challenges make for a rocky road.

Oil prices cascaded to their lowest level in more than three months in mid-March as a confluence of bearish reports heightened market concerns that resurgent shale oil production will undermine OPEC’s strategy to accelerate a drawdown in global oil inventories. The unexpected strong rebound in tight oil production in 2017 is further inflating the plethora...

Despite a “voluntary” production cut announced by Saudi Arabia for July, economic uncertainty overshadowed the June 4 OPEC+ meeting.

Mohammed Saadon Al Kuwari explains how a simple racket sport became a local favorite across Gulf countries.

OPEC and its non-OPEC oil producing counterparts cemented a new era of cooperation at their May 25 meeting in Vienna, reaching a unanimous decision to extend their production agreement aimed at reducing global oil stock levels through March 2018. Initial projections that oil inventories would decline to the five-year average, the index for market stability...

Global demand for oil has firmly eclipsed supplies in the first quarter of 2017, according to the latest data, showing progress in OPEC’s efforts to rebalance oil markets, and reversing the weaker fundamentals that pressured prices lower from 2014-16. However, oil prices remain volatile, nonetheless, as traders continue to worry that resurgent shale oil production...