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OPEC+ may accelerate oil output in Aug

OPEC+ may accelerate oil output in Aug

LONDON — The Organization of the Petroleum Exporting Countries (OPEC+) may make an increase in oil output for August at its meeting on Saturday that is larger than the 411,000 barrels per day (bpd) hikes it made for May, June and July, three...

Saudi Arabia, OPEC+ members move toward output hike at meeting

Saudi Arabia, OPEC+ members move toward output hike at meeting

Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude oil production on Saturday, with analysts expecting the latest in a series of output hikes for August. The wider OPEC+ group - comprising the 12-nation...

Saudi Industry Minister Launches Second Phase of Saudi-Omani Industrial Integration

Saudi Industry Minister Launches Second Phase of Saudi-Omani Industrial Integration

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Omani Minister of Commerce, Industry and Investment Promotion Qais bin Mohammed Al Yousef launched the second phase of industrial integration between Saudi Arabia and Oman,...

Mugging of 5 lakh Saudi Riyals: Five placed on remand, 1 sent to jail

Mugging of 5 lakh Saudi Riyals: Five placed on remand, 1 sent to jail

A Dhaka court has placed five individuals on different terms of remand over their suspected link to mugging foreign currencies, including 5 lakh Saudi Riyals, in the capital's Tejgaon Industrial area. One suspect has been sent to jail. Dhaka...

Iraq’s oil exports to India drop 4% in early 2025

Iraq’s oil exports to India drop 4% in early 2025

2025-07-05T15:44:22+00:00 font Enable Reading Mode A- A A+ Shafaq News - Baghdad/New Delhi Iraq’s crude oil shipments to India averaged 860,000 barrels per day (bpd) in the first half of 2025, down 4% from 900,000 bpd during the same period last...

Oman and Saudi Arabia launch Phase II of industrial integration

Oman and Saudi Arabia launch Phase II of industrial integration

Riyadh: The second stage of the industrial integration initiatives between the Sultanate of Oman and the Kingdom of Saudi Arabia kicked off on Saturday within the activities of the Economy, Trade and Industry Committee of the Oman-Saudi...

Oil Prices Lower on a Report US-Iran Nuclear Talks Will Restart

Oil Prices Lower on a Report US-Iran Nuclear Talks Will Restart

Oil tanker in open sea by StockStudio via Shutterstock August WTI crude oil (CLQ25) on Thursday closed down -0.45 (-0.67%), and August RBOB gasoline (RBQ25) closed down -0.0043 (-0.20%). Oil prices on Thursday fell after Axios reported that the US...

OPEC+ speeds up oil output hikes in August

OPEC+ speeds up oil output hikes in August

LONDON (Reuters) -- OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped - and then retreated - following Israeli and U.S. attacks on...

Why GTA 5’s Saudi Arabia release signals a bigger worldwide launch for GTA 6

Why GTA 5’s Saudi Arabia release signals a bigger worldwide launch for GTA 6

While most in the Grand Theft Auto fanbase are awaiting GTA 6, those in Saudi Arabia are looking forward to the release of GTA 5, which came out originally in 2013 but has been banned in the country since 2018. Nevertheless, it has proven to be a...

The Video Game Industry in Saudi Arabia: Between Entertainment and Political Influence

The Video Game Industry in Saudi Arabia: Between Entertainment and Political Influence

Under the Federation’s umbrella, numerous competitions and tournaments have been launched, including the Saudi Esports League, the School League, the Saudi University League, the Saudi Fighting Games League, and others. Approximately 30 companies...

Oil Prices Lower on Report US-Iran Nuclear Talks Will Restart

Oil Prices Lower on Report US-Iran Nuclear Talks Will Restart

Oil barrels stacked on each other by Kalulu via iStock August WTI crude oil (CLQ25) today are down -0.69 (-1.02%), and August RBOB gasoline (RBQ25) is down -0.0146 (-0.69%). Oil prices are trading lower after Axios reported that the US plans to...

Business InsightsBrics leaders meet under pressure from tariffs, oil shocks and climate rifts

Business InsightsBrics leaders meet under pressure from tariffs, oil shocks and climate rifts

When the leaders of the Brics group of developing countries gather on Sunday for their 17th annual summit, the backdrop is one of the most geopolitically volatile the bloc has faced in years, with trade tension, regional conflicts and energy...

OPEC+ increases oil production again

OPEC+ increases oil production again

“The eight participating countries in the meeting will implement a production adjustment of 548,000 barrels per day in August 2025,” compared to July, surpassing the initially forecasted 411,000 by analysts, announced the Organization of the...

Government of Change & Construction: Strengthening service stability & consolidating internal security

Government of Change & Construction: Strengthening service stability & consolidating internal security [Sat, 05 Jul 2025 16:06:20 +0300] Sana'a – Saba: The Government of Change and Construction, represented by its affiliated ministries,...

Training workshop held on marketing, production guidelines of halal products

Training workshop held on marketing, production guidelines of halal products

Training workshop held on marketing, production guidelines of halal products A training workshop on held at the boardroom of Bangladesh Chamber of Industries (BCI) today. Photo : BSS DHAKA, July 5, 2025 (BSS) - A training workshop on “Halal...

OPEC+ members agree to larger-than-expected oil production hike in August

OPEC+ members agree to larger-than-expected oil production hike in August

The OPEC logo is displayed on a mobile phone screen in front of a computer screen displaying OPEC icons in Ankara, Turkey, on June 25, 2024. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance agreed on Saturday to...

Top 5 countries with world’s biggest oil reserves – see who ranks first

Top 5 countries with world’s biggest oil reserves – see who ranks first

These five countries hold the largest oil reserves in the world and play a key role in global energy and economy. Which countries have the most oil? Here’s the top 5 list Crude oil is one of the most important natural resources in the world. It...

Amman Chamber of Industry Exports Surpass 3 Billion Dinars in First Half of 2025

Amman Chamber of Industry Exports Surpass 3 Billion Dinars in First Half of 2025

Exports from the Amman Chamber of Industry exceeded the 3-billion-dinar mark during the first half of this year, driven by the high quality and competitiveness of its products in international markets.اضافة اعلان According to periodic statistical...

Indonesia, Saudi Arabia ink $27b deals in energy, mineral sectors

Indonesia, Saudi Arabia ink $27b deals in energy, mineral sectors

ndonesia and Saudi Arabia have sealed US$27 billion in private sector deals across various fields, including clean energy, petrochemicals and aviation fuel services. The agreements were signed on Wednesday at Al-Salam Palace in Jeddah, where...

Crude Oil Prices May Recover; Supply Side Sees Positive Signal, Signs Of Geopolitical Tensions Easing

Crude Oil Prices May Recover; Supply Side Sees Positive Signal, Signs Of Geopolitical Tensions Easing

New Delhi:Crude oil prices may see a recovery in the near term as positive signals emerge from the supply side and geopolitical tensions show signs of easing, experts said on Saturday. While demand concerns continue to weigh on global sentiment,...

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