Shanghai: China's two big oil giants PetroChina and Sinopec have reported strong third-quarter net profits on robust domestic demand. State-owned PetroChina said late...
Shanghai: China's two big oil giants PetroChina and Sinopec have reported strong third-quarter net profits on robust domestic demand. State-owned PetroChina said late...
Washington: A record spike in fuel prices following the summer's back-to-back hurricanes drove up a closely watched US inflation measure in September, but...
DUBAI, The United Arab Emirates will continue to reduce its oil output to meet its commitment to a global oil production cut agreement,...
Rio de Janeiro: Brazil's cash-strapped government hopes to drill into the pockets of some of the world's biggest oil companies Friday at an...
Schlumberger Ltd. and Baker Hughes, the world’s two biggest oilfield service companies, say North America’s growth engine is slowing. The investment appetite by...
Baghdad: The Iraqi oil ministry reacted angrily on Thursday after Russian energy giant Rosneft signed a production sharing deal with the authorities in...
CARACAS/HOUSTON: Venezuela’s state-run oil firm, PDVSA, is increasingly delivering poor quality crude oil to major refiners in the United States, India and China,...
New York, Oil prices jumped as escalating turmoil in the Middle East raised concerns over exports in the market. The Iraqi security forces...
ERBIL, Iraq/ANKARA: Turkey threatened potentially crippling restrictions on oil trading with Iraqi Kurds on Thursday after they backed independence from Baghdad in a...
LONDON: Oil prices rose on Thursday, spurred by rising tension around northern Iraq following the Kurdistan region’s vote in favour of independence in...
MANILA: The Philippines said on Thursday it was pursuing a long-delayed oil and gas exploration project with Chinese state-owned entity CNOOC Ltd and...
DAMASCUS: Syria’s government has produced much more power in recent months as the army recaptured natural gas fields from militants, the electricity ministry...
Islamabad: Pakistan’s oil import bill rose nearly 35 percent year-on-year to $2.03bn in the first two months of this fiscal year. The share...
Vienna: Opec and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until...
London: Oil rose was on course for its largest third-quarter gain in 13 years as prices rose yesterday after the Iraqi oil minister...
Kiev: Ukraine's energy giant Naftogaz has filed a $5 billion lawsuit against Moscow to a Hague-based tribunal over what it said was the...
Amsterdam: Brent oil prices held steady near five-month highs, and were on track for the highest weekly rise since the end of July...
London: Oil prices rose yesterday after the International Energy Agency (IEA) said the global oil surplus was starting to shrink due to robust...
