Business / Energy

Washington: President Donald Trump's plans to allow offshore oil drilling along virtually the entire US coastline threaten millions of jobs and billions in...

CAIRO:  BP is looking to invest over $1 billion in Egypt this year, making the country once again a top destination for investment,...

Beirut:  Lebanon Friday signed its first contract to drill for oil and gas off its coast with a consortium comprising energy giants Total,...

PARIS:  Iran aims to raise its crude output capacity to 4.7 million barrels per day within the next four years, deputy Oil Minister...

SACRAMENTO, Calif.:  California will block the transport of petroleum from new offshore oil rigs through its state, officials told Reuters, a move meant...

A U.S.-backed initiative to build an undersea natural gas pipeline between Israel and Turkey looks increasingly troubled as Turkish President Recep Tayyip Erdogan...

CALGARY, Alberta:  The revolution in U.S. shale oil has battered Canada's energy industry in recent years, ending two decades of rapid expansion and...

LONDON: Tehran is ready to file a case with the International Court of Arbitration (ICA) over the quality and price of gas it...

Baghdad:  Iraq will on Monday sign a memorandum of understanding with American energy company Orion to tap gas at an oil field in...

SINGAPORE:  An alleged oil heist in Singapore that has already led to 20 arrests, the seizure of at least one tanker and allegations...

HOUSTON:  Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record...

DOHA: Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada has emphasised that Qatar supports the continuation of work...

LONDON: Oil prices hit mid-2015 highs in early trading on Tuesday but dipped to settle slightly lower as major pipelines in Libya and...

Baghdad: Iraq's oil ministry on Sunday called for bids for the construction of a new pipeline to allow oil exports to resume from...

Beirut: Lebanon on Thursday approved a first bid from an international consortium including France's Total, Italy's ENI and Russia's Novatek to explore for...

MOSCOW: Russian gas giant Gazprom said on Wednesday it had signed a memorandum on possible cooperation in a liquefied natural gas project in...

LONDON: Oil rose above $65 a barrel for the first time since mid-2015 on Tuesday as an unplanned shutdown of the UK’s biggest...

Doha: Qatar National Bank (QNB) forecasted an average oil price around $60 per barrel in 2018. In its weekly analysis, QNB said that...