The military involvement by Russia in Syria could force OPEC's largest member to capitulate on production cuts, entrepreneur Boone Pickens tells CNBC.» Read More
Saddled with slumping oil prices, U.S. sanctions and economic troubles, Iran appears to be pushing to entice foreign investment in its energy sector in a bid to woo allies abroad and secure political support at home as its hardline president faces an upcoming re-election battle.
OPEC should look to reduce oil supply further if demand is insufficient to absorb supplies, Iraq's oil minister said on Tuesday.
Uncertainty about how far world fuel demand and oil prices will fall has made it harder than ever for OPEC members to agree on how to balance group output policy against the divergent needs of their individual budgets.
A leading energy consultancy is warning that what it calls Iranian President Mahmoud Ahmadinejad's mismanagement of oil revenues could result in major economic woes for the country, regardless of the outcome of this summer's elections.
Here in Abu Dhabi, exactly 7,095 miles from Washington D.C. where President Obama will be sworn in this week, the great and the good of the energy world will be discussing, amongst other things, the key issue surrounding future energy: who's going to pay for it?
There’s a global movement gaining strength to capture carbon around the world. Having engaged in the act of sequestration -- removing, separating or seizing it -- the carbon is then stored.
Solar power technology company First Solar on Thursday said it struck a supply deal with Masdar Abu Dhabi Future Energy to be part of the largest grid-connected photovoltaic system in the Middle East.
Oil markets should brace for a surprise decision on output cuts when OPEC meets Dec. 17, the cartel's president said Saturday, suggesting that reductions could be deeper than expected.
Middle East countries can cope with the financial turmoil better than many other countries as they have the cash to survive and even invest, Sameer Al Ansari, CEO at Dubai International Capital, told CNBC Monday.
The developments show how the global financial crisis has torn through the Arab Peninsula, until recently thought immune due to massive sovereign savings and earnings from energy exports, with almost the same violence as in Europe and North America.
Has all the volatility in this market left you with indigestion? Maybe there’s relief ahead and we’re not talking antacid tablets.
Top oil exporter Saudi Arabia provided the most visible evidence yet of adhering to OPEC's deal to curb output by telling refiners in Asia that it would cut December supplies by 5 percent, term lifters said on Monday.
Top oil exporter Saudi Arabia has already cut significantly crude supplies to some of its customers, industry sources said on Tuesday, quelling doubts OPEC would stick to its latest output deal.
OPEC on Wednesday deepened its links with major non-OPEC producer Russia and said it was cutting back output by around half a million barrels per day.
Four years of Olympic navel gazing starts here -- and it's about time the Brits got on board. As a nation we so love moaning about our capital city, London, that we ignore the cool rating it gets from the rest of the world.
Bill Browder, CEO of Hermitage Capital told "Squawk Box Europe" viewers to stay off the financial grid to preserver their capital.
U.S. presidential candidate Barack Obama hopes his visit to Europe and the Middle East will show U.S. voters that he is a safe pair of hands, the Democrat said in an interview on Friday.
U.S. presidential candidate Barack Obama urged Europe on Thursday to stand by the United States in bringing stability to Afghanistan and confronting other threats from climate change to nuclear proliferation.
Despite the credit crisis and deteriorating economic outlook, Islamic corporate bond issuance in the Gulf soared over the past year, the Financial Times reported Tuesday.
The venture will be named K-Dow Petrochemicals and the chief executive will be James Fitterling, currently business group president at Dow's plastics division, the companies said.