Saudi Arabia has reduced oil production to less than 10 million barrels a day, below its targeted level, and will consider renewing its...
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...
BEIRUT: Lebanon's new government on Wednesday passed two important decrees defining oil and gas exploration blocs, meaning a tender process for offshore reserves,...
London: Oil prices hit 18-month highs yesterday, the first trading day of 2017, buoyed by hopes that a deal between Opec and other...
Tehran: Iran has published a list of 29 major companies from Europe and Asia approved to bid for oil and gas projects after...
Saudi Arabia stressed yesterday the importance of co-operation among oil producers to abide by a decision in November to cut production. Opec agreed...
London: Oil prices edged up for a fourth consecutive session yesterday, close to their peaks since mid-2015, with the market awaiting evidence of...
Kuwait City: Kuwait is set to begin importing up to 200 million cubic feet of gas daily from neighbouring Iraq, oil ministers from...
Mexico City: Mexico announced double-digit price increases Tuesday for gasoline and diesel, its latest move to deregulate the energy sector and open the...
London: Oil edged further above $55 a barrel yesterday, drawing support from expectations of tighter supply once the first output cut deal between...
LONDON: Oil edged up on Wednesday, driven by expectations for a decline in U.S. crude inventories and bringing price gains for December to...
Kuala Lumpur: Malaysia's Petronas (Petroliam Nasional Bhd) will reduce its crude oil output up to 20,000 barrels per day starting from January 2017....
NEW YORK: Leases for offshore oil and natural gas drilling in parts of the Arctic and Atlantic regions are now designated "indefinitely off...
