Business / Energy

  DUBAI: Saudi Arabia wants to cooperate with other oil producers to support the oil market, Saudi-owned al-Arabiya television reported on Sunday, quoting an...

in Nigeria many are feeling the pain as Africa's biggest oil producer struggles to adapt to the record lows of global oil prices...

Iraq oil minister Adel Abdul Mahdi    BAGHDAD: Iraq's oil minister said on Saturday his country was ready to accept a decision by OPEC...

  Asian imports at just below 1 mln bpd in Dec Average 2015 daily imports about 1 mln bpd But exports surged in Jan-Feb,...

File photo of Russian Energy Minister Alexander Novak.   By Darya Korsunskaya and Rania El Gamal ST PETERSBURG: Russia said on Thursday that OPEC...

  By Simon Falush LONDON: Oil steadied above $33 per barrel on Thursday, well off a 12-year low set earlier in the month, supported...

Singapore: Oil prices tumbled in Asia Thursday after US commercial crude stockpiles climbed to a record level, further stoking worries about a global...

        Oil futures surged 5 percent after the comments by Nikolai Tokarev (pictured) head of oil pipeline monopoly Transneft, which gave the first hint...

  Kuwait: The price of Kuwaiti oil was down 86 cents to USD 21.78 per barrel Tuesday in contrast to USD 22.64 pb Monday,...

  Singapore: Oil prices resumed their slide Asia Wednesday as long-running concerns over the saturated market overshadowed talk of possible coordination between some major...

  Oslo: When times get tough, it never hurts to have 700 billion euros stashed away like Norway does in the world's biggest sovereign...

  New York: Producers of oil and gas from once hard-to-tap shale deposits are now facing the payback of the energy revolution they wrought:...

  By Rania El Gamal KUWAIT CITY: Opec kingpin Saudi Arabia and top non-Opec producer Russia are showing signs of flexibility about agreeing to...

Mr. Amin al-Nasser, president and chief executive officer of Saudi Aramco. Riyadh: Global crude prices should recover near the end of this year,...

  By Alex Lawler LONDON: Oil rose further above $30 a barrel on Tuesday, lifted by hopes that OPEC and non-OPEC producers may be...

KUWAIT: OPEC cannot cut its oil output alone when other producers from outside the exporting group are raising their supplies but both sides...

A general view of Oil & Gas Processing Plant on oil fields operated by a subsidiary of the KazMunayGas Exploration Production JSC in...

  Singapore: US crude fell back below $30 a barrel as world oil prices extended their losses in Asia Tuesday after worries about the...