Business / Energy

Doha oil output debate runs into third hour: Report 17 Apr 2016 - 05:51 pm

Russian Energy Minister Russian Energy Minister Alexander Novak, arrives at an oil-producers' meeting in Doha, Qatar, on April 17, 2016. (AFP / KARIM...

What's so important about the oil meeting in Doha 17 Apr 2016 - 05:30 pm

The fundamental cause of turmoil in oil markets since late 2014 has been too much of the stuff. With the Organization of the...

India to ramp up oil and gas investment in Iran 17 Apr 2016 - 05:23 pm

Sushma Swaraj and Mohammad Javad Zarif. (Photo: Twitter) Tehran: India and Iran on Sunday talked business and committed to boost bilateral economic ties...

Omani oil majors in talks on loans worth combined $4.35 billion: Report 17 Apr 2016 - 03:43 pm

A view of Petroleum Development of Oman (PDO) near Muscat. (file photo/ Reuters / Fahad Shadeed) By David French DUBAI: Two major Omani...

Kuwait oil workers strike slashes output 17 Apr 2016 - 02:18 pm

Kuwaiti oil workers arrive at the union headquarter in Al-Ahmadi, 35 km south of Kuwait city, on April 17, 2016, to protest alleged...

Doha oil freeze talks said delayed amid changes to draft accord 17 Apr 2016 - 01:02 pm

By Nayla Razzouk, Elena Mazneva and Wael Mahdi Talks in Doha between some of the world’s biggest oil producers have been delayed until...

Oil freeze deal in Doha faces trouble as Saudi-Iran tensions spike 17 Apr 2016 - 12:52 pm

A worker looks at a pump jack at the Rosneft company owned Samotlor oil field outside the West Siberian city of Nizhnevartovsk, Russia,...

Ecuador backs oil output freeze until October 17 Apr 2016 - 12:39 pm

Ecuador's Minister of Hydrocarbons Carlos Pareja Yannuzzelli talks to journalists during a meeting of OPEC oil ministers in Vienna, Austria, December 4, 2015....

Kuwait acting oil minister says confident, optimistic on freeze 17 Apr 2016 - 08:52 am

DOHA: Kuwait's acting oil minister Anas Khalid al-Saleh, speaking to reporters on the sidelines of an oil producers' meeting in Doha on Sunday,...

Iran's oil production has already surpassed 3.5 million bpd -IRNA 16 Apr 2016 - 10:08 am

DUBAI: Iran's oil production has already surpassed 3.5 million barrels per day, the deputy oil minister said on Saturday, and the Islamic Republic...

Iran oil minister won't attend Doha output freeze talks: ministry 15 Apr 2016 - 01:55 pm

In a statement carried by the Shana news agency, the ministry said Bijan Zanganeh would skip the talks in Doha, adding that "Iran...

BP investors say “no” to CEO Dudley’s $20 mln pay deal 15 Apr 2016 - 12:00 am

Signage for a BP petrol station is pictured in London in this file picture taken July 29, 2014. Reuters / Luke MacGregor By...

BP boss faces revolt over pay rise despite loss 14 Apr 2016 - 01:58 pm

Bob Dudley, Group Chief Executive of BP, gives a keynote address at the Oil & Money conference in central London, October 29, 2014....

Iran oil minister won't attend Doha freeze talks -Seda reporter 13 Apr 2016 - 10:21 am

DUBAI: Iranian Oil Minister Bijan Zanganeh will not attend an oil producers meeting in Doha next week but Iran will send a representative,...

Oil hits 2016 high above $43 on producer meeting hopes 12 Apr 2016 - 01:58 pm

LONDON: Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting...

Oil hits 2016 high above $43 on producer meeting hopes 12 Apr 2016 - 12:09 pm

By Alex Lawler LONDON: Oil reached a 2016 high above $43 a barrel on Tuesday, supported by hopes that an upcoming meeting of...

Kuwait halts oil exports from all ports due to bad weather 12 Apr 2016 - 10:10 am

KUWAIT: Kuwait has stopped exporting oil from all of its ports due to bad weather, spokesman Khaled al-Asousi from state-run Kuwait National Petroleum...