BEIRUT: Iran's oil minister said that the first of its new contracts would be finalized with Total within two months, according to the...
BEIRUT: Iran's oil minister said that the first of its new contracts would be finalized with Total within two months, according to the...
Kuwait: The price of Kuwaiti oil went up by 31 cents to USD 52.51 per barrel Monday after being at USD 52.20 pb...
London: Oil prices rose yesterday but gains were limited as investors gauged whether an increase in US drilling rigs and record stockpiles might...
DUBAI: Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over...
DUBAI: Iran expects its oil production to reach 4 million barrels per day by mid-April, a month later than planned, the head of...
Kuwait: The price of Kuwaiti oil went up by three cents to USD 52.20 per barrel Friday after being at USD 52.17 pb...
Singapore: The biggest oil producers in the Middle East are helping crude from Western Siberia boldly go where it’s rarely gone before. Top...
Freight movements across the US are showing signs of sustained growth, which should help push domestic diesel consumption higher this year. Freight was...
LONDON: Oil prices rose on Thursday after OPEC sources said the group could extend its oil supply-reduction pact with non-members and might even...
Oil rose yesterday, supported by an Opec-led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have...
Beijing: The bankruptcy of South Korea’s Hanjin Shipping Co. and a consolidation in container shipping industry will pave the way for a better...
Venezuela's state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according...
London: Opec has delivered more than 90 percent of pledged oil output curbs in January, according to figures the exporter group uses to...
An Opec-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for...
Khobar: Saudi Arabia’s energy minister Khalid Al-Falih met Venezuela’s foreign and energy ministers in Riyadh yesterday to review oil market conditions and the...
Hedge funds have accumulated a large net long position in crude oil futures and options but the size of the position and its...
LONDON: OPEC members have reportedly achieved a high level of compliance with the production cuts announced in November but their efforts to ramp...
London: Oil prices steadied yesterday as lower production by Opec and other exporters balanced growing evidence of a revival in US shale production...
