Fuel prices in Qatar will fluctuate in response to changes in the global market from May 1, the Ministry of Energy and Industry announced on Tuesday.
Oil prices rose on Tuesday, rebounding from heavy losses that were sparked by a report that Saudi Arabia was close to completing an oilfield expansion.
Saudi Arabia said it would create the world's largest wealth fund and sell shares in state energy giant Aramco as it unveiled a vast plan to transform its oil-dependent economy.
Saudi Arabia executed a Pakistani national on Thursday for smuggling drugs, taking to 86 the number of people the kingdom has put to death this year.
US President Barack Obama arrived in Saudi Arabia's capital Riyadh on Wednesday for a summit meeting with King Salman and his fellow Gulf Arab leaders.
Oil prices recovered further on Tuesday as a strike by Kuwaiti petroleum workers entered its third day, offsetting downward pressure from a failure by producers to freeze output.
Iran's oil production will reach pre-sanctions levels within two months, a deputy oil minister was quoted as saying in what could be read as a signal that it might be willing to join efforts to support prices.
Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel.
Eighteen Opec member countries and major producers from outside the group met in Doha yesterday to discuss a possible freeze in oil production at January’s levels
Saudi Arabia's Almarai wants to buy a controlling stake in the United Arab Emirates' National Food Products Co (NFPC), the Riyadh-listed firm said on Sunday.
Pro-government forces expelled Al-Qaeda fighters from a provincial capital close to Yemen's second city of Aden on Friday, security officials said.
Two people have been killed by flooding in southwestern Saudi Arabia, state television reported on Thursday.
