#oil

UAE Oil Minister: Concerned About Oil Price Fall “But Not Panicking”

Brent crude fell towards $84 a barrel on Tuesday, after top oil exporter Saudi Arabia cut prices to the United States.

Oil Heads For 4-year Low On Saudi Output Signal

Kuwait’s oil minister said on Sunday OPEC was unlikely to cut production to support prices.

Top 10 Countries With The World’s Biggest Oil Reserves

South American nation Venezuela tops the list, followed closely by Saudi Arabia.

FAL Oil Recruits Restructuring Officer For Debt Talks

The UAE-based oil trader looks to hire a CRO as its forced to cut operations in the country by 60 per cent.

Saudi Cuts July Oil Output To 9.8m bpd- Source

The Kingdom reportedly reduced oil output by 300,000 barrels per day from June.

OPEC Oil Output Drops In July On Iran

Supply from OPEC members fell by 450,000 barrels per day (bpd) in July to 31.2 million bpd, a survey has found.

UAE Ships First Oil Via Fujairah

The UAE aims to increase exports from the new oil terminal as threats to close the Strait of Hormuz rise.