The tiny Middle East sultanate recently unveiled the new bid round with three lucrative onshore exploration tracts on offer, ...

Rising oil prices, driven by escalating geopolitical tensions in the Middle East ... of production last year. ConocoPhillips’ acquisition of the remaining stake in the Surmont oil sands project ...

The move was hailed as a watershed moment in oil trading. With the oil market constantly changing, there could come a time when a Middle East blend ... to boost its production capacity from ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Economic growth in the Middle East and North Africa (MENA) region will accelerate to 2.9% in 2025 from an estimated 2.1% in 2024 amid partial unwinding of oil production cuts, Moody’s Ratings said.

Japan will ask oil producing countries in the Middle East to ramp up production in the face of surging prices triggered by Russia’s invasion of Ukraine, Prime Minister Fumio Kishida said March 13.