Middle East oil exports are lower than they were 40 years ago due to increased internal consumption, and a slowing of production may affect the sector further than first thought
As OPEC countries are to meet with non-OPEC countries in order to discuss a production output cut in order to bring the oil price back above the US$55 per barrel mark
King Salman bin Abulaziz Al Saud of KSA announced five mega oil and gas projects, in line with Saudis development plans, outlined by Vision 2030
Egypt has accepted six bids for oil and gas exploration worth a total investment of up to US$200mn, the Ministry of Petroleum said
Oil prices rose above US$50 a barrel following OPEC’s historic agreement at its November 30th meeting in Vienna to cut production for the first time since the global financial crisis eight years ago
