oil

Economics and Policy Saudi Arabia wants to raise its crude oil production capacity from its current 12.5m barrels per day to 15m barrels per day by 2020, a prince in …

Those attending the official launch of Lebanon’s first licensing round for offshore oil and gas exploration on Tuesday may have been forgiven for thinking they had walked into a Gebran …

Lebanon's Petroleum Administration (PA) and the Ministry of Energy and Water (MoEW) have announced the names of 46 companies who have successfully pre-qualified to enter the first licensing round for …

Oil and gas industries in the Middle East are among the least transparent in the world. According to the pro-transparency group Revenue Watch, Saudi Arabia, Kuwait and Algeria fall into …

Israel has had an easy time on the Golan Heights since 1974, when a United States-brokered ceasefire arrangement came into effect and a United Nations observer force deployed in a …

Economics and Politics Qatar plans to boost the government spending by 18 percent to QAR210.6bn (US$57.8bn) in the 2013/14 fiscal year that began on Monday, the QNA state news agency …

Lebanon’s acting energy minister Gebran Bassil has announced that 52 firms from 25 countries have submitted applications for the pre-qualifying round for the country’s offshore oil and gas. Included amongst …

The exploration of new resources is not often a top priority for Middle Eastern national oil companies (NOCs). Thanks to giant oil fields discovered between 1940 and 1970, the region’s …

The relations between the countries of the Eastern Mediterranean are, to say the least, a tad complex. Centuries of invasions, occupations, liberations and alliances have carved a map that is …

Economics Brent crude held steady above $117 per barrel on Tuesday after settling down for the third straight session the previous day, with traders looking ahead to Italy's upcoming elections. …