Dubai: The government of Iraqi Kurdistan is close to resuming regular monthly payments to international oil companies as the rally in crude prices...
Dubai: The government of Iraqi Kurdistan is close to resuming regular monthly payments to international oil companies as the rally in crude prices...
Vienna: Oil producers said Sunday that their landmark December deal to slash output by almost two million barrels per day was on track,...
Riyadh: Saudi Aramco plans to boost gas production at its Hawiyah and Haradh plants to meet growing domestic energy needs, industry sources said....
London: Oil prices edged up for a second day yesterday on expectations that a weekend meeting of the world’s top oil producers would...
New York: General Electric Co’s fourth-quarter revenue trailed analysts’ estimates as the persistent oil-patch slump damped demand for the industrial equipment that forms...
London: Oil prices fell yesterday on expectations that U.S. producers would boost output. Brent crude futures, the international benchmark for oil prices, were...
Oil rose in New York after Saudi Arabia’s energy minister said OPEC probably won’t need to extend its supply cuts beyond June as...
LONDON: Extreme volatility and strong cyclicality have been the defining characteristics of oil prices and the industry since the first modern oil well...
London: Libya's oil production has dropped to 655,000 barrels a day due to difficulties including a lack of storage capacity and poor weather,...
Caracas: Venezuelan state energy company PDVSA projects oil production will remain near 23-year lows in 2017, an internal document shows, suggesting more hardship...
Opec is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had...
Saudi Arabia has reduced oil production to less than 10 million barrels a day, below its targeted level, and will consider renewing its...
NEW YORK: Wall Street closed higher Wednesday with rise in oil prices, and President-elect Donald Trump's remarks on trade deals and manufacturing. The...
NEW YORK: The U.S. Energy Information Administration (EIA) said Tuesday it expects higher crude oil prices this year, according to its Short-Term Energy...
LONDON: Oil prices steadied on Tuesday after a sharp sell-off as a fall in the dollar triggered a bout of short-covering, but analysts...
The promise of production cuts from Opec and its partners sent oil rallying in 2016. Now traders want proof they’re delivering on those...
London: As Opec starts to make its production cuts work, the true impact of its actions is perhaps most in evidence in an...
Baghdad: Iraq has cut crude production by some 200,000 barrels per day as part of an OPEC oil cartel agreement aimed at boosting...
