Economy Middle East

Oil

Oil prices dip as geopolitical tensions ease
Markets

Oil prices dip as geopolitical tensions ease

Putting an end to last week’s five-day rally

Oil ends week with some gains
Markets

Oil ends week with some gains

Development in Middle East situation reflect on volatility of prices

OECD raises global growth outlook to 2.9 percent in 2024
Economy

OECD raises global growth outlook to 2.9 percent in 2024

Shipping and energy supply disruption are currently the most threatening factors to the global economy

Oil prices tick up on optimism of steady U.S. output
Markets

Oil prices tick up on optimism of steady U.S. output

Production to surpass record high in 2025, EIA reports

Duqm refinery, a $9 billion joint venture between Oman and Kuwait to launch tomorrow
Energy

Duqm refinery, a $9 billion joint venture between Oman and Kuwait to launch tomorrow

New refinery boasts a daily refining capacity of 230,000 barrels of crude oil

Saudi Arabia’s non-oil sector grew 4.6 percent in 2023
Economy

Saudi Arabia’s non-oil sector grew 4.6 percent in 2023

Report highlights economic diversification efforts and the impact of OPEC+ decisions on GDP

IMF revises Saudi Arabia’s economic growth forecast: 2.7 percent in 2024, 5.5 percent in 2025
Economy

IMF revises Saudi Arabia’s economic growth forecast: 2.7 percent in 2024, 5.5 percent in 2025

Kingdom's economy achieved a growth rate of 8.7 percent in 2022

Oil prices fall as China’s economic activity weighs on sentiment
Markets

Oil prices fall as China’s economic activity weighs on sentiment

But set for monthly gain since September

Saudi Arabia’s Aramco to stick with 12 million barrels per day production capacity
Energy

Saudi Arabia’s Aramco to stick with 12 million barrels per day production capacity

Upon receiving a directive from the ministry of energy

Crude exports surge in Saudi Arabia, reaching five-month high
Energy

Crude exports surge in Saudi Arabia, reaching five-month high

Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd

Oil prices stabilize following 2 percent uptick
Markets

Oil prices stabilize following 2 percent uptick

Supply concerns in U.S. and Russia fueled a surge on Monday

Declining demand drives oil prices down
Markets

Declining demand drives oil prices down

Marking commodity’s second consecutive loss