OPEC oil output hits 2-year low in October
OPEC's supply averages 29.90 million barrels per day, down from a revised…
Kuwait emir says ‘old concepts’ must change, urges reform
The emir's announcement comes a day after the government said it planned…
Oil-rich Kuwait warns welfare state unsustainable
The programme up to the 2016/2017 fiscal year aims to review subsidies,…
Oil hits 3-month low as market awaits delayed US data
It later stood at $99.95, down 86 cents compared with Friday's close.
Second stage of smartcard programme in the works: petroleum minister
Second stage implementation will follow delivery of smartcards to citizens and data…
Saudi ready to cover any global oil shortage: minister
Officials from Iraq, the second largest producer in oil cartel OPEC, were…
Oil prices slide on easing Middle East concerns
New York's main contract, West Texas Intermediate, for November sank to $103…
One dead in Sudan protests over oil price hikes
Hundreds of demonstrators took to the streets of Wad Madani in Al-Jazeera…
Morocco hikes fuel prices in bid to fix state finances
The government is scrambling to limit the impact of oil price fluctuations…
Oil prices rebound from heavy losses
The oil market had plunged by more than two dollars on Tuesday,…