London: Opec's oil output is set to fall by more than 1 million barrels per day (bpd) this month, a Reuters survey found...
London: Opec's oil output is set to fall by more than 1 million barrels per day (bpd) this month, a Reuters survey found...
Juba: South Sudan plans to more than double oil production to 290,000 barrels per day (bpd) in fiscal 2017/2018, the finance minister said...
LONDON: U.S. gasoline stocks are rising faster than normal for the time of year and are starting to put pressure on prices and...
Dubai: State oil giant Saudi Aramco has tasked two US industry leaders in oil reserves auditing to review the content of its deposits...
London: Oil demand growth will slow and supplies will remain abundant in the coming decades, meaning producers in the Middle East, Russia and...
Kuwait: Saudi Aramco has shelved plans for a multi-billion-dollar refining and petrochemical joint venture with Petronas in Malaysia, industry sources familiar with the...
Egypt is committed to repaying the $3.5bn it owes in arrears to foreign oil companies but a foreign currency shortage has made the...
LONDON: Europe’s earnings season got off to a rocky start on Tuesday with profit warnings from BT Group and Aryzta sending their shares...
BASRA, Iraq: Iraq expects to more than triple exports of liquefied petroleum gas, and to double exports of gas condensates in 2017 as...
LONDON: Iraq has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 bpd before the...
Dubai: Saudi Basic Industries Corp, the Middle East’s biggest petrochemicals producer, agreed to buy out Royal Dutch Shell Plc’s 50 percent stake in...
Khobar: Oil and gas company Saudi Aramco is operating about 220 drilling rigs thanks to continued investment in capacity despite low oil prices,...
Dubai: The government of Iraqi Kurdistan is close to resuming regular monthly payments to international oil companies as the rally in crude prices...
Vienna: Oil producers said Sunday that their landmark December deal to slash output by almost two million barrels per day was on track,...
Riyadh: Saudi Aramco plans to boost gas production at its Hawiyah and Haradh plants to meet growing domestic energy needs, industry sources said....
London: Oil prices edged up for a second day yesterday on expectations that a weekend meeting of the world’s top oil producers would...
New York: General Electric Co’s fourth-quarter revenue trailed analysts’ estimates as the persistent oil-patch slump damped demand for the industrial equipment that forms...
London: Oil prices fell yesterday on expectations that U.S. producers would boost output. Brent crude futures, the international benchmark for oil prices, were...
