Manama / Tribune News Service Oil prices must reach $138 per barrel for Bahrain to be able to balance its budget, according to a senior official. The rate is higher than those required by other GCC nations, said Energy Minister Dr Abdulhusain Mirza. He was speaking at a symposium, The Decline in Oil Prices and their Impact on the ...

  AMMAN / Tribune news service Gaining favourable treatment in terms of customs duties and other fees is a key to increasing Jordan’s agricultural exports to the Russian market, a government official said. “Efforts are still under way to secure preferential treatment from Russia in terms of custom duties and taxes when exporting fruit and vegetables,” Ministry of Agriculture Spokesperson ...

  Reuters Iran has deferred at least one of its fuel oil loadings for June to Asia, according to a trade source with direct knowledge of the matter. In a bid to recapture lost market share and bolster revenue, state-owned National Iranian Oil Co (NIOC) quickly ramped up exports of fuel oil once U.S. imposed economic sanctions were lifted in ...