Business / Energy

Oil bounces after big losses but glut persists 14 Jul 2016 - 11:17 am

(A view of an oil refinery off the coast of Singapore, March 14, 2008. REUTERS/Vivek Prakash/File Photo) By Christopher Johnson LONDON: Oil prices...

IEA says oil glut remains a major dampener on prices 13 Jul 2016 - 10:56 am

A worker stands near the oil refinery Camilo Cienfuegos in Cienfuegos in this December 20, 2007 file picture. (REUTERS/Claudia Daut/File) LONDON: The global...

Oil prices fall on worries about oversupply 12 Jul 2016 - 12:00 am

New York: Oil prices fell on Monday as worries about global oversupply return to the fore and the dollar strengthened, making greenback-denominated crude...

Oil prices up as data points to falling US stockpiles 07 Jul 2016 - 10:01 am

Oil tankers ply the waterway along the southern coast of Singapore, June 8, 2016. Reuters/Edgar Su/File Photo Singapore: Oil prices rose in Asia...

Oil prices edge lower on demand worries 06 Jul 2016 - 04:56 pm

By Karolin Schaps LONDON: Oil edged lower for a third day on Wednesday, in response to uncertainty over the outlook for consumption due...

Oil falls below $50 on economic concerns 05 Jul 2016 - 12:07 pm

By Alex Lawler LONDON: Oil fell below $50 a barrel on Tuesday as concern about a potential slowdown in economic growth that would...

Oil prices edge up as Brent pushes further above $50 04 Jul 2016 - 07:51 am

Singapore: Crude prices edged up in Asia on Monday, building on recent gains with Brent holding above $50 after Nigerian militants claimed fresh...

Iran says has sold Poland 2 million barrels of crude oil 02 Jul 2016 - 12:16 pm

DUBAI: Poland's Grupa Lotos has bought 2 million barrels of crude from Iran in a one-off purchase, an Iranian oil official was quoted...

Oil prices up as global markets recover post Brexit 01 Jul 2016 - 11:06 am

Singapore: Oil prices rose in Asia on Friday as traders welcomed assurances from central bank around the world that they were ready to...

Oman oil firm raises $4 billion loan for projects 29 Jun 2016 - 11:25 am

MUSCAT: State-owned Petroleum Development Oman, the country’s top oil and gas exploration and production company, has obtained a $4 billion loan from international...

Oil prices rebound along with stocks 29 Jun 2016 - 12:00 am

New York: Oil prices rose Tuesday, benefitting from the same bounce that lifted equity markets which had been sagging since Britain's surprise decision...

Saudi Aramco and SABIC sign oil-to-chemicals project deal 28 Jun 2016 - 02:24 pm

RIYADH: Saudi Aramco has agreed a deal with Saudi Basic Industries Corp (SABIC) to set up a joint oil-to-chemicals project in the Red...

Oil prices up in Asia but traders on edge over Brexit crisis 28 Jun 2016 - 09:57 am

Singapore: Oil prices rebounded in Asia Tuesday on bargain hunting but tremors from Britain's shock vote last week to leave the European Union...

Oil prices fall again as Brexit weighs 28 Jun 2016 - 12:00 am

New York: Oil prices fell again Monday as worries about Britain’s vote to quit the European Union continued to churn through financial markets. ...

Oil bounces back from lows after Brexit losses 27 Jun 2016 - 10:21 am

Singapore: Oil prices saw a modest rebound on bargain hunting in Asia on Monday, despite uncertainty gripping the markets following last week's decision...

Oil extends slide on worries about impact of Brexit 27 Jun 2016 - 08:03 am

Singapore: Oil prices suffered fresh losses in Asian trade Monday as the fallout from last week's decision by Britain to leave the European...

Germany shuts door to fracking 24 Jun 2016 - 03:46 pm

REUTERS/ File photo Berlin: German lawmakers Friday approved a law that essentially bans fracking, ending years of dispute over the controversial technology to...