Business / Energy

DUBAI: Saudi Arabian and Russia energy ministers could meet in Qatar this week on the sidelines of a major energy forum, industry sources...

ANKARA: Turkey's BOTAS Pipeline Corporation aims to increase Turkish natural gas system's daily capacity to 350 million cubic meters (mcm) per day from...

Tokyo: Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last...

Iran boosted oil output at three western fields faster than it expected as rival OPEC producer Saudi Arabia called for a collective output...

DUBAI: Iran opened three oilfields with a total production of more than 220,000 barrels per day (bpd) on Sunday, as the country ramps...

Algiers: Saudi Arabia's oil minister said it was "imperative" that OPEC nations finalise an agreement over a cut in oil production aimed at...

SINGAPORE: Oil prices dipped on Thursday, pulled down by rising U.S. crude inventories and as markets tried to interpret U.S. President-elect Donald Trump's...

SINGAPORE: Oil prices tumbled on Wednesday as vote counting showed Republican Donald Trump edging ahead in an unexpectedly tight U.S. presidential election, setting...

Paris: A global pact to battle global warming entered into force last week, but the latest long-term look into the energy market by...

Paris: The OPEC cartel warned Tuesday that the oil industry needs to step up investments to guarantee sufficient supply as low prices stimulate...

By Alex Lawler   LONDON: Global demand for OPEC’s crude oil will rise in the next three years, the group forecast, suggesting its 2014...

Tehran: Iran will sign a deal with France's Total on Tuesday for the development of gas production at a major offshore field in...

Tehran: Iran will sign a deal with France's Total on Tuesday for the development of gas production at a major offshore field in...

ABU DHABI: The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) said on Monday the group was committed to a deal...

LONDON: Some of the world’s biggest oil companies, including Saudi Aramco  and Royal Dutch Shell, pledged on Friday to invest $1 billion to...

LONDON: Crude oil futures edged up on Thursday, supported by news of an attack on a Nigerian oil pipeline and a weaker U.S....

Tehran: Iran boosted its oil exports to 2.44 million barrels per day in late October as it regains market share lost during years...

Riyadh: The global oil market should be balanced early next year, the president of Saudi Aramco said on Tuesday, after over-supply drove prices...