Riyadh: Saudi Oil Minister Khalid al-Falih said Sunday that the current down cycle of crude prices is close to an end as market...
Riyadh: Saudi Oil Minister Khalid al-Falih said Sunday that the current down cycle of crude prices is close to an end as market...
Many nations are willing to join OPEC in cutting production to secure a continued improvement in oil prices, said Saudi Arabia’s Minister of...
KHOBAR, Saudi Arabia: Saudi Arabia’s crude oil exports in August fell to 7.305 million barrels per day from 7.622 million bpd in July...
ABU DHABI: State-owned Abu Dhabi National Oil Co (ADNOC) said on Tuesday it would consolidate the operations of three of its shipping, marine...
Singapore: Oil prices fell on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC-output...
TEHRAN: Iran hopes by early next year to boost its natural gas production to Qatar's level, Iranian oil minister Bijan Zanganeh told an...
LONDON/OSLO: Oil majors including Statoil, Shell and Chevron are experimenting with various technologies, from drones and drill design to data management, to drive...
DUBAI: Iran will begin taking applications on Monday for an unspecified number of energy projects, the oil ministry's news agency SHANA reported on ...
LONDON: Oil climbed further above $52 a barrel on Friday, supported by a drop in U.S. fuel inventories, though gains were kept in...
Istanbul: Key OPEC ministers were meeting Wednesday with their counterpart from non-cartel member Russia in a bid to better coordinate policy to bolster...
New York: Oil prices jumped as much as 3%, with Brent hitting a one-year high, after Russia said it was ready to join...
Istanbul: President Vladimir Putin on Monday said that non-OPEC member Russia was ready to join measures to limit oil production, saying that this...
LONDON: Oil eased off four-month highs on Monday as doubts over oil producers reaching a meaningful output cut deal brought some speculators to...
DUBAI/MUSCAT: Oman Oil Company Exploration & Production (OOCEP) has appointed Sumitomo Mitsui Banking Corp as financial advisor to arrange a loan which is...
ALGIERS: OPEC could cut production at its November meeting in Vienna by another one percent more than the amount agreed in Algiers last...
LONDON: Oil rose towards $52 a barrel on Wednesday, hitting its highest since June, supported by an industry report that U.S. inventories probably...
Singapore: Brent crude oil prices steadied above $50 a barrel on Monday, supported by a planned production cut by exporter club OPEC, but...
DUBAI: Hungary has struck a deal to buy one million barrels of crude oil from Iran, director for international affairs at the National...
