Middle East

Australia Overtakes Qatar As World's Biggest LNG Exporter - Refinitiv Data

Australia overtook Qatar as the world's largest exporter of LNG for the first time in November, data from Refinitiv Eikon showed on Dec. 10.

Dec 10 2018 - 8:25am

Analysts: OPEC Decision Good For Global Market, US Shale Producers

After oil market dropped 30% from October, the market jumped 5% with OPEC’s decision to cut oil production by 1.2 million barrels per day.

Dec 7 2018 - 3:17pm

Oil Surges 5% As OPEC Agrees To Production Cuts

Two-day marathon meeting leads to more bullish than expected oil output cuts by OPEC and its allies.

Dec 7 2018 - 8:49am

OPEC Talks Stall As Saudis Refuse To Exempt Iran From Oil Cut

OPEC talks on oil production cuts reached deadlock on Dec. 7 as the group's leader Saudi Arabia refused to grant sanctions-hit Iran exemptions from planned reductions, OPEC sources said.

Dec 7 2018 - 6:46am

OPEC Agrees To Tentative Oil Cut, Waits For Russia To Commit

OPEC tentatively agreed an oil-output cut on Dec. 6 but was waiting to hear from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.

Dec 6 2018 - 8:55am

Energy Secretary Perry To Visit Saudi Arabia, Qatar

U.S. Energy Secretary Rick Perry said on Dec. 4 he would soon visit Qatar and Saudi Arabia, a trip expected to occur after this week’s meeting of OPEC.

Dec 5 2018 - 8:23am

Qatar Pulls Out Of OPEC As Relations With Neighbors Sour

Saad al-Kaabi, Qatar’s oil minister, the country was seeking to increase LNG production from 77 mtpa to 110 mtpa.

Dec 3 2018 - 11:46am

Qatar To Leave OPEC And Focus On Gas

Qatar said Dec. 3 it was quitting OPEC in January to focus on its gas ambitions, taking a swipe at the group's de facto leader Saudi Arabia and marring efforts to show unity.

Dec 3 2018 - 7:35am

Saudi Aramco Aims To Become Gas Exporter With $150 Billion Investment Drive

Country also seeks to expand its petrochemical business.

Nov 27 2018 - 9:48am

Trump Praises Saudi Arabia For Oil Prices As Pressure For Sanctions Intensifies

President Donald Trump praised Saudi Arabia for helping to lower oil prices on Nov. 21 as pressure intensified to impose tougher sanctions on the Middle East ally following the murder of dissident Saudi journalist Jamal Khashoggi.

Nov 21 2018 - 8:35am

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