Business

Libyan Minister of Economy Ali Abdulaziz Issawi said some firms had operated without a licence for a long time
Foreign firms seek to renew Libya licences
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Mutual interests first
France shuns Iran for Saudi oil
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Several OPEC sources said the most likely scenario now was keeping the production cut steady in the second half of 2019
Algeria floats idea of larger OPEC+ oil cut
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Saudi Energy Minister Khalid al-Falih
Falih says OPEC close to deal on extending oil agreement
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A drilling vessel sails in the Bosporus in Istanbul
Turkey complies with US sanctions to avert risks
Sabahat Khan
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Iran's oil industry is bearing the brunt of US sanctions
Iran's May crude exports fall sharply
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Turkey was among eight countries that were initially exempt from US sanctions
Turkey stopped importing Iran oil
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Lebanese economy hurt by Mideast conflict, political deadlock
Lebanon may struggle to refinance foreign currency debts
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Falih reiterated that Saudi Arabia's oil installations were well protected
Saudi, UAE see sufficient oil supplies
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OPEC and the International Energy Agency said earlier this month that global oil supply fell in April due to US sanctions on Iran
Major crude producers meet over Gulf tensions
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Turkey is set to lose billions of dollars from the termination of the trade deal
US terminates Turkey's preferential trade deal
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One of the four tankers damaged in alleged "sabotage attacks" in the Gulf
Riyadh says oil facility attacks target world supplies
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The lower demand in the first quarter of the year means that the oil market likely remained in surplus despite efforts by OPEC
World’s oil supply falls as Iran sanctions tighten
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Qatar shares were down 2.1 percent and Kuwait Bourse was 1.2 percent lower
Gulf stock markets take dive as tensions rise
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In February, Emirates cut 39 aircraft from its order for the Airbus 380 superjumbo
Emirates Airline reports 69 percent dive in profits
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Just two years ago, Iranian oil comprised 45% of Turkey’s oil import needs
US sanctions on Iran to affect Turkey, India most
Jareer Elass
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