London: Opec cut oil output in March by more than pledged under a supply reduction deal and said oil inventories had fallen in...
London: Opec cut oil output in March by more than pledged under a supply reduction deal and said oil inventories had fallen in...
LONDON: Royal Dutch Shell has said it knew that some of the payments it made to Nigeria for the rights to an oilfield...
Beijing: China and Myanmar have reached an agreement on an oil pipeline between the neighbouring countries after almost a decade of talks, with...
DUBAI: Iran expects crude oil output from its oilfields located west of the Karun river to reach a total of 500,000 barrels per...
London: BP chief executive Bob Dudley could see his overall pay for 2016 cut by 40 percent, following a rebellion by shareholders last...
London: Royal Dutch Shell yesterday announced the sale of its liquefied petroleum gas business in Hong Kong and Macau to Irish group DCC...
Kuwait City: Kuwait said on Wednesday it has signed a new a multi-billion-dollar deal to supply Egypt with crude oil and petroleum products...
LONDON: Iran's oil minister dismissed India's decision to cut oil imports from Tehran in 2017/18 by a fifth as a threat on Wednesday,...
LONDON: Oil prices steadied on Tuesday as a rebound in Libyan crude production balanced expectations of a draw in U.S. crude oil and...
TEL AVIV: European and Israeli governments gave their support on Monday to moving forward with a Mediterranean pipeline project to carry natural gas...
BAGHDAD: Iaq's oil minister said on Sunday that his country plans to increase daily crude oil production to 5 million barrels by the...
London: Oil prices rose further yesterday, building on two days of increases after Kuwait gave its backing for an extension of Opec production...
London: Oil prices extended gains yesterday despite an increase in US crude inventories, lifted by Libyan supply disruptions and expectations of an Opec-led...
MOSCOW: Russia and Iran have pledged to continue efforts to rein in oil production and stabilise markets, the presidents of both countries said...
DUBAI: Saudi Arabia expects its crude oil supply to be stable at around 10 million barrels per day in the next few months,...
LONDON: Saudi Arabia faces a difficult balancing act as it tries to work down excess global crude stocks while protecting relationships with important...
NEW YORK: Oil prices hit their lowest levels in four months on Wednesday after weekly crude oil inventories in the U.S. showed an...
London: Oil prices slipped to three-month lows yesterday after data showed US crude inventories rising faster than expected, piling pressure on Opec to...
