Business / Energy

Opinion: US refiners press on despite unbalanced fuel demand 31 Mar 2016 - 05:47 pm

A flag with the logo of Rosneft, Russia's largest oil company, flutters over the Novokuibyshevsk refinery near the city of Samara, Russia, in...

Asia's record LPG shortfall to attract increasing US exports 31 Mar 2016 - 11:08 am

File picture of an LPG plant By Seng Li Peng SINGAPORE: Asia's supply shortfall of liquefied petroleum gas (LPG) will rise to record...

Saudi Aramco sets April propane price at $320/T -statement 31 Mar 2016 - 09:18 am

KHOBAR: State-run Saudi Aramco has set its April contract price for propane at $320 per tonne, up from $290 in March, it said...

Oil prices rise on weaker dollar, US inventory data 31 Mar 2016 - 12:00 am

London: Oil prices rose Wednesday, helped by a weaker dollar and official data revealing a smaller-than-expected increase in US crude stockpiles, analysts said....

Bahrain's oil and gas industry gets financial boost 30 Mar 2016 - 04:27 pm

Manama: Nogaholding, the investment and business development arm of Bahrain’s National Oil and Gas Authority (NOGA) today announced it has signed a five...

Oil rises on weakened dollar ahead of US inventory data 30 Mar 2016 - 10:05 am

Singapore: Oil prices rose Wednesday on a weaker dollar after Federal Reserve chief Janet Yellen signalled a cautious approach to US interest rate...

Oil falls on supply worries ahead of US inventory data 30 Mar 2016 - 12:00 am

New York: World oil prices retreated Tuesday as worries about global oversupply returned to the forefront ahead of a US petroleum inventory report....

Kuwait says agrees with Saudi to resume Khafji oilfield operations 29 Mar 2016 - 12:40 pm

Kuwaiti finance minister Anas al-Saleh, speaks during a press conference in Kuwait city on January 26, 2015. AFP /Yasser Al-Zayyat KUWAIT: Kuwait has...

Oil prices rise on lower US rig numbers 28 Mar 2016 - 09:50 am

File picture for representation only. Singapore: Oil prices edged up in Asia on Monday, recovering slightly from last week's decline, but analysts said...

Egypt’s EGAS completes tender for two LNG cargoes for April delivery 27 Mar 2016 - 11:36 am

CAIRO: Egypt has purchased two liquefied natural gas (LNG) cargoes for April delivery from two international companies, EGAS Chairman Khaled Abdel Badie told...

Iraq oil exports, OPEC’s fastest growing in 2015, hold steady in March 23 Mar 2016 - 06:54 pm

Baghdad has given verbal support to an initiative by the Organization of the Petroleum Exporting Countries and outside producers to freeze output in...

Saudi Aramco starts producing gas at offshore Hasbah field 23 Mar 2016 - 04:41 pm

KHOBAR, Saudi Arabia, March 23 (Reuters) - State oil company Saudi Aramco has started producing natural gas at the offshore Hasbah field, it...

Oil prices dip before US inventories report 23 Mar 2016 - 03:48 pm

London: Oil prices slid Wednesday in cautious trade following the Brussels attacks, and as supply glut worries grew before the latest snapshot of...

Oil dips as market reacts calmly to Brussels attacks 23 Mar 2016 - 10:47 am

A technician stands at a gas treatment plantin this December 14, 2008 file photo. REUTERS/Zohra Bensemra Singapore: Oil prices eased Wednesday as traders...