Opec and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to prevent oversupply in a deal that will apply for the first three months of 2020.

Qatar has achieved 100% self-sufficiency in the production of live poultry, meat and dairy products, HE the Minister of Municipality and Environment Abdullah bin Abdulaziz bin Turki al-Subaie has said.

BP joined its competitors in posting a strong 2018 performance, with a doubling of profits driven by strong growth in oil and gas output following a large US shale acquisition.

Qatar Petroleum is developing its capabilities in many parts of the world with a target of increasing total production capability from 4.8 to 6.5mn barrels of oil equivalent (mboe) a day in eight years...

Qatar Petroleum has announced further increase in the capacity of Qatar’s LNG expansion project, by adding a fourth liquefaction train, to raise the country's liquefied natural gas capacity to 110mn tonnes per year.

Qatar’s decision to increase LNG output by 30% by 2024 will “increasingly drive Qatar’s next development phase” as the current multi-year wave of infrastructure spending begins to flatten out in terms of growth ...

Opec's leader Saudi Arabia and Russia were trying on Thursday to convince fellow oil producers to raise output from July to meet rising global demand.

Iraq plans to increase production at its giant Majnoon oilfield to 450,000 barrels per day (bpd) in three years, from 240,000 bpd now, an Iraqi oil executive said on Thursday.

Jabar al-Luaibi told a Chatham House conference in London that Iraq's export capacity was nearing 5 million barrels per day (bpd), including 4.6 million bpd from the south.

Iraq signed a memorandum of understanding with BP on Thursday to boost production capacity at its northern Kirkuk oilfields, the country's oil ministry said in a statement.

Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing US production that is undermining OPEC-led production cuts aimed at tightening the market.

HE the former Deputy Prime Minister Abdullah bin Hamad al-Attiyah is in “full support” of the Opec decision to extend oil output cuts by nine months up to March 2018.