Kuwait Airways will stop its New York City-London flights to avoid transporting Israeli citizens between the cities, the New York Times reports.
Frontier markets tumbled this year, but don't point the finger at weak currencies or oil, investors said. Instead, blame the index.
With resources stretched to their limits and political pressure building in the West, will Gulf countries help absorb migrants?
If history is any guide, the price of oil can still go down before it recovers, says Robert McNally.
Plunging oil prices have left many crude-exporting countries with budgets that simply won't balance.
The greatest global risk is running out of water for our 7.3 billion inhabitants. Already, some countries are reeling from this catastrophe.
Cheniere Energy's top brass expects the price of black gold to head much higher in the medium-term.
Saudi Arabia derives 80 percent of its revenue from oil and has a budgetary "break-even" point almost double the current per-barrel price of $40.
The falling price of oil has a direct effect on the real exchange rate of nations most dependent on petroleum production.
Two different oil ministers from OPEC have suggested the cartel could raise its production target.
Ali Saleh al-Omair, oil minister for Kuwait, discusses OPEC and the waning issue of oil oversupply.
Lower oil prices are good for some countries and bad for others. In a few, things could get ugly.
This is not a great time to be an oil producer, but some countries are hurting more than others.
The minister said he is confident the group will reach a unified decision, and that the meeting will last only one day.
Traders are concerned that longer-term global growth will impact demand for crude oil. So will producers scale back?
Kuwait Projects Co (KIPCO) is one of the biggest diversified holding companies in the MENA region. Faisal Al Ayyar, the firm's Vice Chairman, criticizes Kuwait's low productivity, and says its oil wealth turned into a curse.
In exclusive interview with CNBC, Faisal Al Ayyar, Vice Chairman of KIPCO, reflects on the firm's core subsidiaries, expansion plans and the situation in Iraq.
KIPCO Vice Chairman Faisal Al Ayyar looks back at the day when Iraqi soldiers marched into the capital in 1990, and how it affected the business. Plus, why opportunities for foreign investors in the oil-rich nation remain limited.
Oil traders should not lose too much sleep worrying about what OPEC, often unpredictable and quarrelsome in the past, will do when it meets next week.
GREEN BAY, Wisconsin- President Barack Obama and Republican Mitt Romney were back on the attack on Thursday, breaking a storm-induced campaign truce to hit the road and pound home their closing messages in the final stretch of a tight battle for the White House.