BEIRUT: Lebanon's new government on Wednesday passed two important decrees defining oil and gas exploration blocs, meaning a tender process for offshore reserves,...
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...
Paris: The oil industry must brace for five energy “tsunamis” that threaten to drag prices as low as $10 a barrel in less...
London: Oil traded near $52 a barrel before government data forecast to show US crude stockpiles fell for a fifth week, trimming an...
London: BP Plc agreed to buy stakes in West African licences held by Kosmos Energy Ltd for $916m as the British producer builds...
New York: Investors are the most optimistic on oil since the slump began two and a half years ago. Money managers boosted bets...
Oil prices rose yesterday as a weaker dollar and the delay of new Libyan oil exports boosted benchmarks, amid expectations of tighter crude...
DUBAI: Stock markets in the Gulf made small gains on Sunday morning after crude oil prices climbed back towards 17-month highs at the...
London: Oil rose yesterday, edging closer to new 17-month highs as producers showed signs of adhering to a global deal to reduce output....
