Iran and six major powers signed the nuclear agreement in July 2015 and started implementing it in January 2016.
Read More »NASA Completes Full-Power Tests of Small. Portable Nuclear Reactor
It could generate power for distant. long-term space travel.
Read More »IMF: Middle East Oil Importers to Beat Exporters in Growth Recovery
The good news of this recovery this year is that the outlook is positive for both oil-importing countries and oil-exporting countries.
Read More »Saudi Arabia`s economic Renovation is still Dependent on Oil Prices
Middle Eastern oil exporters had to constrain government spending in recent years after crude prices slid in 2014.
Read More »Norway Stops Making Withdrawals from Its $1 Trillion Wealth Fund
The government will release its revised budget for this year on May 15.
Read More »Russia Complies with OPEC Oil Output Cut Quota by 95.2% in April
Russia committed to reduce oil production by 300.000 barrels a day. had been gradually heading towards this level since early 2017 and reached this level last May.
Read More »Sinopec Plans to Cut Saudi Crude Oil Volumes for Second Month in June
Saudi prices set the trend for Iranian. Kuwaiti and Iraqi prices. affecting more than 12 million bpd of oil bound for Asia.
Read More »Bahrain Leads GCC with Non-Oil Growth of 5pc in 2017
Growth in Bahrain is being driven by a variety of strongly performing industries.
Read More »Kuwait Oil Minister Says OPEC not Discussing Prices
OPEC focus on market stability and managing surpluses that have a big impact on inventories in global markets.
Read More »Siemens Presents Energy Storage System for Offshore Use
The BlueVault is designed to help ensure continuity of power and to minimise carbon dioxide (CO2) emissions. the company noted.
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