Middle East

Oil producers in Arab Gulf are reportedly losing billions of U.S. dollars from oil revenues this year due to the impact of the Covid-19 pandemic that crippled global oil demand and oil prices. Oilprice.com reported last weekend that as…

The price of crude oil, which has been on a steady slide in the past three weeks, yesterday dropped further from $71 per barrel to $69 per barrel. Meanwhile, the Organisation of Petroleum Exporting Countries, OPEC, had predicted oil…

Spencer Dale, BP Group Chief Economist, has visited Oman, the United Arab Emirates, Kuwait, and Saudi Arabia and met with senior Government dignitaries and business partners in the region. During the meetings, they discussed the oil market…