Nicosia: US energy giant ExxonMobil, Qatar Petroleum, Italy's ENI and France's Total have successfully bid for rights to explore for oil and gas...
Nicosia: US energy giant ExxonMobil, Qatar Petroleum, Italy's ENI and France's Total have successfully bid for rights to explore for oil and gas...
Vienna: The price of OPEC basket of thirteen crudes stood at USD 53.85 a barrel on Monday, compared with USD 53.61 the previous...
DUBAI/LONDON: Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the...
Brent crude oil prices are likely to average in $50s per barrel (bbl) range in 2017, said a Gulf Intelligence survey conducted in...
Baoding, China: Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But...
London: Opec has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months...
Oil investors have placed the biggest bet in history that prices will rise, as the world's largest exporters cut output to reduce a...
Hassi Messaoud, Algeria: Algeria is reviewing its long-term gas contracts, most of which end in 2018-2019, to adapt to the market and will...
Moscow: Rosneft PJSC will expand its oil-trading operations and seek more prepaid supply deals as the Russian energy giant moves to feed its...
London: Oil prices rose yesterday after US data showed a surprise decline in inventories, suggesting that a global glut may be ending after...
Oil giant Saudi Aramco has asked JPMorgan Chase & Co and Morgan Stanley to assist with its mammoth initial public share offer and...
London: Oil prices rose more than $1 a barrel yesterday after Opec said it was sticking to its agreement to cut production and...
BEIRUT: Iran's oil minister said that the first of its new contracts would be finalized with Total within two months, according to the...
Kuwait: The price of Kuwaiti oil went up by 31 cents to USD 52.51 per barrel Monday after being at USD 52.20 pb...
London: Oil prices rose yesterday but gains were limited as investors gauged whether an increase in US drilling rigs and record stockpiles might...
DUBAI: Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over...
DUBAI: Iran expects its oil production to reach 4 million barrels per day by mid-April, a month later than planned, the head of...
Kuwait: The price of Kuwaiti oil went up by three cents to USD 52.20 per barrel Friday after being at USD 52.17 pb...
