Oil traders hold a record position in a contract that lets them bet on the price difference between Middle Eastern crude and ...

According to the International Renewable Energy Agency (Irena), the Middle East has less than 1 per cent of the world’s ...

Syria is seeking to import oil via local intermediaries after its first post-Assad import tenders garnered little interest ...

Oil traders are making big moves in the Brent-Dubai spread, a contract that lets them bet on the price gap between Middle Eastern crude and global benchmark Brent. The action has hit record levels ...

Amid the fresh sanction warnings from US on Russia, Indian oil refiners are exploring all available options to replace ...

Countries like the UAE and Oman are developing local oil exchanges to push for more influence on global oil markets. The lack of variety and volume in Middle Eastern benchmarks, such as Dubai ...

The price of some Middle Eastern oil grades strengthened in the final week of December on robust demand from Asian refiners, after barrels from Iran and Russia became sparse and more expensive.

Industry officials maintain that enough oil supply is available in the global market and replacing the lost Russian oil ...

in a bid to raise funds that could be used to shore up Iran’s allied militia groups in the Middle East. The oil is from a stockpile of at least 25 million barrels that Iran sent to China in late ...

THE breakthrough ceasefire between Israel and Hamas, which began to be implemented on Sunday (Jan 19), is first and foremost a humanitarian success after tens of thousands of innocent people have been ...

From declaring Mexican drug cartels as foreign terrorists to expanding oil production, MEE looks at the new president's ...