Global crude oil prices are not expected to fall in the second half of 2015 and it was still too early to talk about Opec's supply decision when the group meets next in June, Kuwait's Opec governor said on Monday.
Shi'ite paramilitaries were preparing to deploy to Iraq's western province of Anbar on Monday after Islamic State militants overran the provincial capital Ramadi in the biggest defeat for the Baghdad government since last summer.
The UAE summoned Iraq's ambassador on Wednesday to protest against his prime minister's accusations that its ally Saudi Arabia was funding terrorism, state news agency WAM reported, while Bahrain called the comments "irresponsible&q
Saudi Arabia has rejected accusations by Iraqi Prime Minister Nuri Al-Maliki that Riyadh and Qatar are funding Sunni Muslim insurgents his troops are battling in Iraq's western Anbar province.
Maliki's remarks to France 24
Iraq's oil ministry said it had signed a final deal with Korea Gas Corp (Kogas) to develop its Akkas gas field in the western province of Anbar, the country's largest with reserves of 5.6 trillion cubic feet.
Iraq had asked Kogas to develo
UAE firms Dana Gas and Crescent Oil are looking to build a gas city in Iraq's western province of Anbar that they hope would draw $60 billion in investment, said province Governor Qassim Al-Fahdawi.
The gas could come from the province's A
Renewed violence in the former heartland of Iraq's al Qaeda-inspired Sunni Muslim insurgency bodes ill for efforts to prevent a resurgence of a sectarian conflict that has killed tens of thousands.
Officials have blamed Sunni extremists an
Sunni leaders from Iraq's Anbar province said they want billions of dollars as compensation for joining US forces in the fight against Al Qaeda militants.
Sheikh Ahmed Abureeshah, a local tribal leader, said Anbar needs some $2 billion to
A Sunni tribal leader instrumental in driving al Qaeda out of Iraq's Anbar province was killed by a bomb attack on Thursday, less than two weeks after he met US President George W Bush.
Abdul Sattar Abu Risha was killed near his home in Ra