The recent drop in oil prices is causing concern for global energy stocks, with knock-on effects throughout the economy. Although there are some encouraging signs, the consequences for the oil sector and oil-exporting countries could be dire

By promoting Mohammed bin Salman, Saudi Arabia’s King Salman has accelerated plans to transform the country’s oil-dependent economy

After months of tumbling oil prices, a dramatic escalation of the rift between Saudi Arabia and Qatar has pushed markets up by one percent

US bank Goldman Sachs is facing criticism after it purchased almost $3bn in bonds issued by Venezuelan state-owned oil company PDVSA

OPEC members and other oil producers have reached a deal to prolong production cuts for a further nine months

The future of solar power is here, and the MENA region is primed to welcome this expanding global industry as its primary source of renewable energy

Volatile oil prices have created an uncertain business climate in the oil-rich Gulf states, but the UAE’s steel market is heading towards a bright future

The Saudi royal family met with leaders from the US, Japan and China as part of an effort to broaden the kingdom’s economic ties

Azerbaijan has withdrawn from international transparency watchdog EITI, prompting fears over the country’s economic stability

The new company is set to become the world’s second biggest oilfield services provider

Despite the current collapse in oil prices, PetroRio saw a successful 2015, packed with both good performance and bold strategy changes

If Saudi Arabia’s energy subsidy reforms can overcome populist opposition, the radical economic changes may save billions and offset the oil price drop