Singapore: The biggest oil producers in the Middle East are helping crude from Western Siberia boldly go where it’s rarely gone before. Top...
Singapore: The biggest oil producers in the Middle East are helping crude from Western Siberia boldly go where it’s rarely gone before. Top...
Freight movements across the US are showing signs of sustained growth, which should help push domestic diesel consumption higher this year. Freight was...
LONDON: Oil prices rose on Thursday after OPEC sources said the group could extend its oil supply-reduction pact with non-members and might even...
Oil rose yesterday, supported by an Opec-led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have...
Beijing: The bankruptcy of South Korea’s Hanjin Shipping Co. and a consolidation in container shipping industry will pave the way for a better...
Venezuela's state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according...
London: Opec has delivered more than 90 percent of pledged oil output curbs in January, according to figures the exporter group uses to...
An Opec-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for...
Khobar: Saudi Arabia’s energy minister Khalid Al-Falih met Venezuela’s foreign and energy ministers in Riyadh yesterday to review oil market conditions and the...
Hedge funds have accumulated a large net long position in crude oil futures and options but the size of the position and its...
LONDON: OPEC members have reportedly achieved a high level of compliance with the production cuts announced in November but their efforts to ramp...
London: Oil prices steadied yesterday as lower production by Opec and other exporters balanced growing evidence of a revival in US shale production...
BP Plc is falling behind competitors in one crucial measure of its resilience to oil’s slump. The UK company now needs benchmark Brent...
LONDON: Oil prices rose on Thursday as evidence that OPEC and other big exporters were cutting production outweighed a sharp rise in U.S....
London: Oil edged further above $55 a barrel yesterday supported by signs that Russia and Opec producers are delivering on promised supply reductions,...
LONDON/DUBAI: Iraq significantly reduced oil output in January, according to industry sources and export data on Wednesday, but has yet to reach levels...
New York: US crude oil inventories increased by 5.8 million barrels, according to this week’s American Petroleum Institute (API) inventory report. Analysts were...
Houston: ExxonMobil Corp boosted its 2017 capital budget yesterday by about 14 percent on a bet that crude prices have stabilized, but posted...
