Business / Energy

Tribes: Trump illegally approved oil pipeline from Canada 10 Sep 2018 - 09:48 pm

BILLINGS, Mont.: Native American tribes in Montana and South Dakota sued the Trump administration on Monday, claiming that approval of the Keystone XL...

Kuwait, Iraq to study developing shared oilfields: Al Rashidi 23 Aug 2018 - 06:50 am

KUWAIT: Kuwait and Iraq will appoint consultants soon to study the development of shared oilfields, Kuwaiti Oil Minister Bakhit Al Rashidi (pictured) said...

Oil dips as Turkish tumult elevates global crude demand concerns 13 Aug 2018 - 06:03 pm

Crude slid as economic turbulence in Turkey and the strengthening greenback heightened concerns about global oil demand. Futures fell as much as 0.7...

At "America First Energy Conference”, solar power is dumb, climate change is fake 09 Aug 2018 - 06:29 pm

NEW ORLEANS: Pumping carbon dioxide into the air makes the planet greener; the United Nations puts out fake science about climate change to...

Oman budget deficit nearly halves in Jan-May as oil income balloons 23 Jul 2018 - 08:21 pm

DUBAI: Oman's state budget deficit nearly halved in the first five months of this year as higher Oil prices boosted export revenues sharply...

Egypt hikes natural gas prices by up to 75 percent 21 Jul 2018 - 07:35 pm

CAIRO: Egypt raised natural gas prices for households and businesses on Saturday by between 33.3 and 75 percent, the latest among tough austerity...

Iran leader backs suggestion to block Gulf oil exports if own sales stopped 21 Jul 2018 - 07:05 pm

TEHRAN: Iran's Supreme Leader Ayatollah Ali Khamenei on Saturday backed President Hassan Rouhani's suggestion that Iran may block Gulf oil exports if its...

Libya's NOC declares force majeure on Zawiya exports as Sharara output drops 17 Jul 2018 - 09:28 pm

TRIPOLI: Libya's National Oil Corporation (NOC) said on Tuesday it had declared force majeure on exports from Zawiya oil terminal as production at...

Nigeria lawmakers to investigate state oil company 10 Jul 2018 - 08:00 pm

Abuja: Nigerian lawmakers on Tuesday voted to probe the state oil company for allegedly failing to remit funds to the government. There is...

Natural gas executives and government officials see 'century of supply' in US shale 27 Jun 2018 - 08:17 pm

WASHINGTON: Natural gas production from U.S. shale fields can keep growing for decades, giving Washington a powerful diplomatic tool to counter the geopolitical...

US envoy Haley tells Modi important to cut Iranian oil use 27 Jun 2018 - 06:09 pm

NEW DELHI: U.S. Ambassador to the United Nations Nikki Haley told India's Prime Minister Narendra Modi on Wednesday it was important India cut...

Venezuela says U.S. sanctions hurt oil market stability 21 Jun 2018 - 02:43 pm

VIENNA: U.S. sanctions on Venezuela are an attack against the stability of the global oil market, Venezuelan Oil Minister Manuel Quevedo said on...

Second oil storage tank on fire in fighting at Libya's Ras Lanuf 17 Jun 2018 - 08:21 pm

BENGHAZI, Libya: An oil storage tank at the Ras Lanuf port in Libya was ablaze on Sunday amid fighting between rival factions for...

Iraq to expand Nasiriya oilfield production to 100,000 bpd: PM 12 Jun 2018 - 08:21 pm

BAGHDAD: Iraq's government voted to expand production from its Nasiriya oilfield to 100,000 barrels per day, Prime Minister Haider al-Abadi said on Tuesday....

Oil prices slip as US and Russian supplies grow 11 Jun 2018 - 11:30 am

LONDON: Oil prices slipped on Monday, pulled down by rising Russian production and as U.S. drilling activity rose to its highest in more...

Oil minister says Iran needs foreign investment, but can survive without it 10 May 2018 - 10:03 pm

ANKARA: Iran's oil minister told state television on Thursday that foreign investment was needed to develop its oil industry, but that it could...

Oil hovers near 3 1/2-yr peak, Asia shares up ahead of Trump announcement 08 May 2018 - 09:38 am

TOKYO/SHANGHAI: Oil prices eased slightly on Tuesday, a day after hitting 3-1/2 year highs, as investors braced for President Donald Trump's decision on...