BP Plc is falling behind competitors in one crucial measure of its resilience to oil’s slump. The UK company now needs benchmark Brent...
BP Plc is falling behind competitors in one crucial measure of its resilience to oil’s slump. The UK company now needs benchmark Brent...
LONDON: Oil prices rose on Thursday as evidence that OPEC and other big exporters were cutting production outweighed a sharp rise in U.S....
London: Oil edged further above $55 a barrel yesterday supported by signs that Russia and Opec producers are delivering on promised supply reductions,...
LONDON/DUBAI: Iraq significantly reduced oil output in January, according to industry sources and export data on Wednesday, but has yet to reach levels...
New York: US crude oil inventories increased by 5.8 million barrels, according to this week’s American Petroleum Institute (API) inventory report. Analysts were...
Houston: ExxonMobil Corp boosted its 2017 capital budget yesterday by about 14 percent on a bet that crude prices have stabilized, but posted...
London: Opec's oil output is set to fall by more than 1 million barrels per day (bpd) this month, a Reuters survey found...
Juba: South Sudan plans to more than double oil production to 290,000 barrels per day (bpd) in fiscal 2017/2018, the finance minister said...
LONDON: U.S. gasoline stocks are rising faster than normal for the time of year and are starting to put pressure on prices and...
Dubai: State oil giant Saudi Aramco has tasked two US industry leaders in oil reserves auditing to review the content of its deposits...
London: Oil demand growth will slow and supplies will remain abundant in the coming decades, meaning producers in the Middle East, Russia and...
Kuwait: Saudi Aramco has shelved plans for a multi-billion-dollar refining and petrochemical joint venture with Petronas in Malaysia, industry sources familiar with the...
Egypt is committed to repaying the $3.5bn it owes in arrears to foreign oil companies but a foreign currency shortage has made the...
LONDON: Europe’s earnings season got off to a rocky start on Tuesday with profit warnings from BT Group and Aryzta sending their shares...
BASRA, Iraq: Iraq expects to more than triple exports of liquefied petroleum gas, and to double exports of gas condensates in 2017 as...
LONDON: Iraq has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 bpd before the...
Dubai: Saudi Basic Industries Corp, the Middle East’s biggest petrochemicals producer, agreed to buy out Royal Dutch Shell Plc’s 50 percent stake in...
Khobar: Oil and gas company Saudi Aramco is operating about 220 drilling rigs thanks to continued investment in capacity despite low oil prices,...
