Business / Energy

Oil prices rose on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of...

VIENNA: OPEC will likely agree to extend production cuts for another nine months, delegates said on Tuesday as the oil producer group meets...

London/Hong Kong:   Oil rose to the highest in a month as Saudi Arabia said all producers participating in output cuts agree on prolonging...

RIYADH: Pressure on Saudi Arabia's finances will make it eager to secure a deal on oil output cuts at this week's talks among...

Riyadh;  Saudi Arabia’s energy minister said yesterday that extending the current agreement on global oil supply cuts until March next year, and adding...

All producers agree to extend crude output cuts by nine months to help trim a supply glut, according to Saudi Arabia’s energy minister....

London:  Oil rose in New York before the release of US government data on oil inventories as more producers backed the extension of...

LAGOS, Nigeria: Nigeria will resume oil exploration in the Lake Chad basin area within six weeks following the wane of Boko Haram in...

Acontinued concern about oil price weakness is likely to spur extension of Opec’s production cuts. Opec’s ability to bring down historically high global...

London:  Oil prices rose yesterday after a larger-than-expected fall in US crude inventories but failed to recoup last week’s losses due to concerns...

London:  Oil rose yesterday but faced headwinds from concern over slowing demand and the rise in US  crude output that has shaken investors’...

London:  Oil prices gave up early gains yesterday, as the market weighed news from Opec and other producers about prolonging output cuts against...

Kuwait City:  Kuwait's oil minister said Monday he believes that oil producers will extend their production cuts for another six months at their...

KUALA LUMPUR: Saudi Energy Minister Khalid al-Falih said on Monday that oil producers would “do whatever it takes” to rebalance the market and...

DUBAI/LONDON: OPEC and non-member oil producers are considering extending a global supply cut for nine months or more to avoid a price-sapping output...

Saudi Arabia’s energy minister Khalid al-Falih said in comments posted on social media on Sunday that Brunei has expressed readiness to extend the...

BAGHDAD: Iraq's daily oil exports averaged 3.252 million barrels per day (bpd) in April, down slightly from 3.259 million bpd the previous month,...

DAKAR, Senegal: Activists in Senegal have raised concerns over the tussle for oil and gas exploration rights by two petroleum giants in the...