Oman’s economy has achieved a robust 12.9% growth at OMR6,438.9 million ($16.7 billion) in the first quarter of 2017, against OMR5,703.2 million for the same period of last year. madaresharghi ...

OPEC member Iraq has formed a joint venture with a shipping company owned by Arab states to transfer, store and trade crude and oil products, according to official documents and ...

The United States is now the largest importer of Iranian carpets, shipping in $196 million worth of highly prized Persian artistry last year, said the head of the Iran National ...

When OPEC and Russia first embarked on clearing a global oil glut, it was expected to succeed within six months. It now looks like the battle could last for years. ...

while Crown Prince Mohammed bin Salman is pushing Saudi Aramco to add value to $2 trillion to prepare for its IPO next year, a Washington-based research group has revealed that ...

sanctions imposed by Persian Gulf Arab states are continuing to push up food prices in Qatar while hurting the real estate market, but not to the point of damaging the ...

Major oil companies are joining Silicon Valley in backing energy-technology startups, a signal that that those with the deepest pockets in the industry are casting around for a new strategy. ...

South Korea's crude oil imports from Iran rose 27 percent in July from a year ago, driven by Seoul's strong appetite for competitively priced Iranian light oil as Tehran looks ...

Yemen’s Central Bank, based in the country’s south, is accusing a Saudi-led coalition of blocking flights bringing cash to the country and “strangling” its economy, AP reported. Governor Mansr al-Qaiti ...

Libya’s biggest oilfield has reduced crude production by more than 30% in recent days and the Zueitina export terminal ceased loadings over the weekend, throwing the OPEC country’s output back ...