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The Middle East’s energy producers are expected to earn $270 billion less in oil revenue compared to last year as the region’s economic heavyweight, Saudi Arabia, sinks deeper into recession amid the coronavirus pandemic, according to the International Monetary Fund’s outlook released Monday. The international lender expects an overall economic …

The United Arab Emirates wants Libya to “return to oil production” as soon as possible, a top Emirati official said Monday, after officials with Libya’s U.N.-supported government in Tripoli accused the UAE of ordering rival Libyan forces to block oil sales. Anwar Gargash, the Emirates’ minister of state for foreign …

The trade war is worsening a downturn in global growth.

Initial steps have been taken to create modern 20 percent [enriched uranium] fuel.

Tensions between the U.S. and Iran spiked earlier this year when President Trump pulled the U.S. out of the 2015 Iran nuclear pact.

As of 2017. the EIA has calculated daily oil consumption in the country averaged 19.88 million barrels.

Tiny Kuwait. an OPEC member nation. has the world'.s six-largest estimated oil reserves.

Norwegian company will take over two exploration permits from BP. which had scrapped its own drilling plans in December.