Counting the Cost

Economic developments to watch in 2019

What's in store for global economies and people living in the oil-dependent Middle East?

Saudi Arabia

Saudi Arabia 'comfortable' with oil prices, finance minister says

Mohammed al-Jadaan says the kingdom wants to be 'disciplined, efficient and pro-growth' after budget announcement.

Saudi Arabia 'comfortable' with oil prices, finance minister says

Counting the Cost

Qatar's break-up with OPEC

Qatar becomes the first country in the Middle East to quit the oil cartel as a new dynamic takes shape in the oil game.

OPEC

OPEC members expected to agree to oil production cut

Despite calls from US President Donald Trump to keep oil flowing, major producers are expected to agree to cut output.

OPEC members expected to agree to oil production cut

OPEC

Qatar quits OPEC as Saudis walk tightrope on oil prices

Doha's announced withdrawal from OPEC comes at a critical juncture for the cartel and its de facto leader.

Qatar quits OPEC as Saudis walk tightrope on oil prices

OPEC

Qatar to leave OPEC to focus on natural gas production

Gulf nation's energy minister says withdrawal from 15-nation bloc will come into effect next month.

OPEC

What is OPEC?

Qatar pulls out of the Organization of the Petroleum Exporting Countries, which controls global oil output.

What is OPEC?

Business & Economy

Oil prices hit year low as OPEC considers output cut

Benchmark Brent crude oil fell to a low of $60.29, its lowest since November 2017.

Oil prices hit year low as OPEC considers output cut

Business & Economy

Saudi Aramco halts plan for massive corporate-bond sale: WSJ

Sources close to discussions tell the Wall Street Journal move to fund $70bn deal for petrochemical maker called off.

Saudi Aramco halts plan for massive corporate-bond sale: WSJ

Middle East

Saudi Arabia to cut oil exports by 500,000 bpd

The move could send prices upwards as Russia and the US continue to break records in oil production.

Saudi Arabia to cut oil exports by 500,000 bpd in December

Saudi Arabia

Oil output from Saudi, Kuwait shared zone on hold as ties sour

Saudi Arabia and Kuwait struggle to resume oil production from joint fields amid souring ties over Turkey, Qatar.

Oil output from Saudi, Kuwait shared zone on hold as ties sour

The Big Picture

How Libya was Torn Apart

The legacy of the life and death of Colonel Muammar Gaddafi.

Reporter's Notebook

UN General Assembly: Iran, oil, and sanctions

Iranian leaders are interested in preserving the Iran nuclear agreement, despite looming US sanctions on oil sales.

UN General Assembly: Iran, oil, and sanctions

Oil Price

Oil prices hit four-year-high of $82 amid looming Iran sanctions

Crude prices rose to $82 after Saudi Arabia and Russia appeared to reject calls from the US to increase production.

Oil prices hit four-year-high of $82 amid looming Iran sanctions

Inside Story

Will OPEC appease Donald Trump?

OPEC and its allies are set to meet in Algeria on Sunday to discuss the price of oil.