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OPEC and its allies will hold a virtual meeting on Saturday to discuss their deal to slash production as relaxed coronavirus lockdowns see recovering oil prices.

Oil prices have climbed over the $30 mark for the first time in months.

Oil rebounds in Asia after Saudi Arabia output cut

The New Arab & agencies

Oil rebounds in Asia after Saudi Arabia output cut

Oil rebounded in Asian trade Tuesday, buoyed by Saudi Arabia's decision to cut output more than it had pledged as the virus-hit world economy cautiously emerges from lockdown

Saudi slashes another million barrels from daily oil output

The New Arab & agencies

Saudi slashes another million barrels from daily oil output

The Kingdom has asked oil giant Aramco to cut its output by an additional one million barrels per day, starting in June.

Trump pressured Saudi with threat of weapons over oil

The New Arab

Trump pressured Saudi with threat of weapons over oil

Crown Prince Mohamed bin Salman was so shocked by Trump's ultimatum that he sent his aides outside the room before continuing the phone call.

The New Arab & agencies

Oil price lifted by US-Iran tensions after rollercoaster week

US oil prices have recovered slightly due to uncertainty in Gulf waters after a disastrous week which saw rates drop below zero.

The New Arab & agencies

The Middle East at war with coronavirus: Top stories

Human Rights Watch expresses concerns over HIV patients' lack of access to medication in Egypt, while Turkey celebrates 100th year of parliament ...

The New Arab & agencies

Oil rallies as Gulf tensions eclipse coronavirus woes

Crude oil prices have risen after US crude futures plummeted below zero earlier this week.

Paul McLoughlin

Less than zero: The great US oil crash

A price war between Russia and Saudi Arabia has seen US oil prices crash.

<em>Brent</em> <em>crude</em> crashes to 21-year, as oil market flounders

The New Arab

Brent crude crashes to 21-year, as oil market flounders

The oil market has been hit hard by coronarvirus lockdowns.

The New Arab & agencies

US oil rebounds after crash as stocks suffer losses

US oil prices have bounced back after they crashed below $0 for a number of hours on Monday.

US oil falls to $14 as coronavirus hits demand

The New Arab

US oil falls to $14 as coronavirus hits demand

Coronavirus has hit oil demand, while an price war between Saudi Arabia and Russia saw supplies reach a crescendo.

Kuwait official says Mexico 'disrupted' OPEC agreement

The New Arab & agencies

Kuwait official says Mexico 'disrupted' OPEC agreement

Oil producing countries are now waiting on Mexico's consent to finalise the OPEC+ deal. Kuwait's oil ministers says the North American country ...

Oil price rise as producers edge towards long-awaited deal

The New Arab & agencies

Oil price rise as producers edge towards long-awaited deal

Oil prices crept up following signals that top oil producers were to agree on significant production cuts of 10-15 barrels per day in Thursday's ...

Oil rebounds as hopes grow for output cut deal

The New Arab & agencies

Oil rebounds as hopes grow for output cut deal

Oil prices have increased ahead of an OPEC+ meeting due to take place on Thursday.

Courtney Freer

Saudi-Russia oil price deal a test of US leverage

Comment: Much is at stake for Trump's domestic and international reputation in brokering the global energy pricing war, writes Courtney Freer.

The New Arab

Oil drops further as Saudi-Russia output deal talks delayed

Russia and Saudi Arabia have been at loggerheads over output.

The New Arab & agencies

Saudi Arabia rebukes Russia over oil price collapse

Saudi officials have come back at Russia for blaming the kingdom for the drop in oil prices, revealing the persistent tension between the two ...

The New Arab & agencies

Kuwait exports oil from shared Saudi field following dispute

Kuwait has announced that it will begin to export oil from an oil field it shares with Saudi Arabia following a five-year break after a dispute ...

Oil soars after Trump claims Saudi, Russia slashing output

The New Arab & agencies

Oil soars after Trump claims Saudi, Russia slashing output

Oil prices rebounded following Trump's announcement he had spoken to Saudi and Russian leaders, claiming they had agreed to cut back production ...

The New Arab & agencies

Oil rebounds on hopes of US intervention

US President Donald Trump said he expected Saudi Arabia and Russia to make a deal to end their price war over oil.

The Middle East at war with coronavirus: Top stories

The New Arab

The Middle East at war with coronavirus: Top stories

The second richest man in Egypt has threatened to kill himself poverty is on the rise and Israeli settlers are trying to infect Palestinians by ...

Oil prices drop, as US-Saudi deal put on back-burner

The New Arab

Oil prices drop, as US-Saudi deal put on back-burner

After a short rise on Tuesday, oil prices continued their steady decline.

The Middle East at war with coronavirus

The New Arab

The Middle East at war with coronavirus

Malaysia tells wives how to behave during the lockdown, prisoners riot in Iran, and the Syrian regime records its second death.

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