The New Arab Logo

Breaking News

The US announced sanctions on 11 Iranian, Emirati and Chinese firms and blacklisted six more over links to Iranian oil exports

Saudi Arabia's national oil company has announced a huge quarterly loss in profits, due to low oil prices and reduced demand

China and Iran's strategic partnership: A zero sum game?

Omid Shokri Kalehsar

China and Iran's strategic partnership: A zero sum game?

Analysis: China and Iran's bilateral relationship is gaining strategic significance.

Saudi chemical giant SABIC posts another loss

The New Arab & agencies

Saudi chemical giant SABIC posts another loss

SABIC, one of the world's largest chemical firms, said it made a loss of 950 million riyals ($253 million) in the first quarter of 2020.

Iran denies it's helping Venezuela oil sector

The New Arab & agencies

Iran denies it's helping Venezuela oil sector

Iran denied US claims that Tehran is helping Venezuela to rebuild its oil industry and accused Washington of trying to disrupt the two ...

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.

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.

The New Arab & agencies

US grants Iraq shortest sanctions waiver for Iran gas

The US has handed Iraq a month-long waiver for Baghdad to import gas from Iran.

The New Arab

OPEC predicts virtually no growth this year

OPEC has predicted a year-long slump as coronavirus continues to affect global markets.

Modi's anti-Muslim moves threaten unholy alliance between India-Arab allies

Shan. A. Zain

Modi's anti-Muslim moves threaten unholy alliance between India-Arab allies

India's Modi faces the challenging task of navigating an unfamiliar and tricky geo-political situation in order to keep intact the close ...

Sabena Siddiqui

Is Saudi disinterest in Kashmir due to business interests?

Stopping short of completely ignoring the situation in the Kashmir Valley since the Indian government completely scrapped its special status, ...

Gulf at risk of oil wealth vanishing by 2034

The New Arab & agencies

Gulf at risk of oil wealth vanishing by 2034

The Gulf risks its oil wealth vanishing by 2034 if it doesn't diversify its economy.

OPEC considers cutting oil output as coronavirus fears rise

The New Arab & agencies

OPEC considers cutting oil output as coronavirus fears rise

OPEC and Russia are considering cutting oil output to curb concerns around the spread of the deadly coronavirus disease.

Iraq bank may 'halt' Iran gas payment transfers

The New Arab & agencies

Iraq bank may 'halt' Iran gas payment transfers

Iraq may stop processing Iran for gas imports if a US sanctions exemption expires in February.

Saudi, UAE royals discuss plans for $70 billion refinery

The New Arab & agencies

Saudi, UAE royals discuss plans for $70 billion refinery

A plan to build a multi-billion dollar oil refinery in western India was discussed during a meeting between Crown Prince Mohammed bin Salman and ...

The New Arab

Fury as Algeria adopts controversial energy law

Algeria's parliament has adopted a law aimed at boosting oil and gas investments, but many think it will leave the country's resources open to exploitation by foreign companies.

Courtney Freer

Aramco IPO: Unanswered questions could undermine MbS' vision

Comment: The fate of the Aramco IPO could have huge political implications for the young crown prince's future, writes Courtney Freer.

Courtney Freer

Davos in the Desert: Business as usual

Comment: Outrage over Jamal Khashoggi's killing has given way to a desire to put profits before politics, writes Courtney Freer.

Giorgio Cafiero

Putin takes a trip to Riyadh

Comment: The Kremlin is delighted to take advantage of many opportunities that Trump's actions have created for Russia to gain influence in the ...

Saudi chemical giant profits plummet over decline in prices

The New Arab & agencies

Saudi chemical giant profits plummet over decline in prices

Saudi oil giant SABIC said its profits have dipped after a sharp decline in product prices.

Ali Bakeer

Tanker attacks steer the Gulf into murky waters

Comment: Allowing partisan convictions to jeopardise our understanding of the facts only risks leading to a dangerous escalation with Iran, ...

Iran says selling oil through 'unconventional' means

The New Arab

Iran says selling oil through 'unconventional' means

Oil Minister Bijan Namdar Zanganeh said his country is maintaining oil sales through "unconventional" means to circumvent crippling US sanctions.

Iran condemns new US sanctions on petrochemical industry

The New Arab & agencies

Iran condemns new US sanctions on petrochemical industry

Iran's Foreign Ministry has called US President Donald Trump's apparent readiness for talks with Tehran 'hollow' following new sanctions on the ...

Oil price peaks above $75 amid Iran sanctions tightening

The New Arab & agencies

Oil price peaks above $75 amid Iran sanctions tightening

The price of Brent crude oil has peaked to over $75 per barrel after the US tightened economic sanctions on Iran.

Most Popular

Most Popular