Oil rose in New York after Saudi Arabia’s energy minister said OPEC probably won’t need to extend its supply cuts beyond June as...
Oil rose in New York after Saudi Arabia’s energy minister said OPEC probably won’t need to extend its supply cuts beyond June as...
LONDON: Extreme volatility and strong cyclicality have been the defining characteristics of oil prices and the industry since the first modern oil well...
London: Libya's oil production has dropped to 655,000 barrels a day due to difficulties including a lack of storage capacity and poor weather,...
Caracas: Venezuelan state energy company PDVSA projects oil production will remain near 23-year lows in 2017, an internal document shows, suggesting more hardship...
Opec is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had...
Saudi Arabia has reduced oil production to less than 10 million barrels a day, below its targeted level, and will consider renewing its...
NEW YORK: Wall Street closed higher Wednesday with rise in oil prices, and President-elect Donald Trump's remarks on trade deals and manufacturing. The...
NEW YORK: The U.S. Energy Information Administration (EIA) said Tuesday it expects higher crude oil prices this year, according to its Short-Term Energy...
LONDON: Oil prices steadied on Tuesday after a sharp sell-off as a fall in the dollar triggered a bout of short-covering, but analysts...
The promise of production cuts from Opec and its partners sent oil rallying in 2016. Now traders want proof they’re delivering on those...
London: As Opec starts to make its production cuts work, the true impact of its actions is perhaps most in evidence in an...
Baghdad: Iraq has cut crude production by some 200,000 barrels per day as part of an OPEC oil cartel agreement aimed at boosting...
BEIRUT: Lebanon's new government on Wednesday passed two important decrees defining oil and gas exploration blocs, meaning a tender process for offshore reserves,...
London: Oil prices hit 18-month highs yesterday, the first trading day of 2017, buoyed by hopes that a deal between Opec and other...
Tehran: Iran has published a list of 29 major companies from Europe and Asia approved to bid for oil and gas projects after...
Saudi Arabia stressed yesterday the importance of co-operation among oil producers to abide by a decision in November to cut production. Opec agreed...
London: Oil prices edged up for a fourth consecutive session yesterday, close to their peaks since mid-2015, with the market awaiting evidence of...
Kuwait City: Kuwait is set to begin importing up to 200 million cubic feet of gas daily from neighbouring Iraq, oil ministers from...
