New York, Oil prices jumped as escalating turmoil in the Middle East raised concerns over exports in the market. The Iraqi security forces...
New York, Oil prices jumped as escalating turmoil in the Middle East raised concerns over exports in the market. The Iraqi security forces...
ERBIL, Iraq/ANKARA: Turkey threatened potentially crippling restrictions on oil trading with Iraqi Kurds on Thursday after they backed independence from Baghdad in a...
LONDON: Oil prices rose on Thursday, spurred by rising tension around northern Iraq following the Kurdistan region’s vote in favour of independence in...
MANILA: The Philippines said on Thursday it was pursuing a long-delayed oil and gas exploration project with Chinese state-owned entity CNOOC Ltd and...
DAMASCUS: Syria’s government has produced much more power in recent months as the army recaptured natural gas fields from militants, the electricity ministry...
Islamabad: Pakistan’s oil import bill rose nearly 35 percent year-on-year to $2.03bn in the first two months of this fiscal year. The share...
Vienna: Opec and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until...
London: Oil rose was on course for its largest third-quarter gain in 13 years as prices rose yesterday after the Iraqi oil minister...
Kiev: Ukraine's energy giant Naftogaz has filed a $5 billion lawsuit against Moscow to a Hague-based tribunal over what it said was the...
Amsterdam: Brent oil prices held steady near five-month highs, and were on track for the highest weekly rise since the end of July...
London: Oil prices rose yesterday after the International Energy Agency (IEA) said the global oil surplus was starting to shrink due to robust...
Kuwait has raised the October official selling price (OSP) for its crude oil sold to Asia by 35 cents per barrel from the...
HOUSTON: The world’s largest oilfield services company, Schlumberger NV, is spending billions of dollars buying stakes in its customers’ oil and gas projects...
London/New York: The global glut plaguing liquefied natural gas markets may start to dwindle in five years, threatening to spur a huge deficit....
LONDON: Benchmark global oil prices fell on Monday after a powerful North Korean nuclear test triggered a shift away from crude markets to...
BENGHAZI, Libya: Foreign workers at Libya’s Sharara oil field, which is currently shut, have been temporarily evacuated because of unspecified information about activity...
Russia is likely to back a further extension of the OPEC agreement cutting oil output, judging that it has helped to stabilize the...
Washington: The US Energy Department said yesterday that it would release a second batch of oil from the Strategic Petroleum Reserve totaling 1...
