Business / Energy

Oil eases on oversupply as calls for producer talks draw scepticism 10 Aug 2016 - 03:29 pm

By Ahmad Ghaddar LONDON: Oil fell on Wednesday, hit by record Saudi Arabian output, improved prospects for U.S. output and a glut in...

Oil prices down as OPEC meeting awaited 10 Aug 2016 - 12:00 am

Oil tankers pass the skyline of Singapore, June 8, 2016. REUTERS / Edgar Su New York: Oil prices fell slightly on world markets...

Oil slips to $45 as glut overshadows hope for producer action 09 Aug 2016 - 11:49 am

The Pioneering Spirit, the largest ship in the world, by Swiss-Dutch offshore company Allseas, leaves the harbour of Rotterdam on August 6, 2016,...

Oil rises on fresh production freeze calls report 08 Aug 2016 - 03:11 pm

A worker walks past oil pipes at a refinery in Wuhan, Hubei province March 23, 2012. (REUTERS/Stringer/File Photo) By Libby George LONDON: Oil...

Oil market on path to rebalancing, OPEC monitoring situation: Qatar 08 Aug 2016 - 10:47 am

HE Dr Mohammed bin Saleh Al Sada DUBAI: Qatar's energy minister said on Monday the oil market is on the path to rebalancing...

Oil price movements key to GCC economies: IMF 07 Aug 2016 - 12:00 am

By Satish Kanady The Peninsula DOHA: An IMF document that examines the links between global oil price movements and macroeconomic and financial developments...

QNB revises up oil forecast; prices to average $44.7 07 Aug 2016 - 12:00 am

The Peninsula DOHA: Given the stronger-than-expected rebalancing currently under way in the oil market, QNB has revised up its forecast to average $44.7/b...

John Kemp: Why is oil market rebalancing taking so long? 05 Aug 2016 - 05:16 pm

Oil tankers pass the skyline of Singapore June 8, 2016. REUTERS/Edgar Su By John Kemp LONDON: Rebalancing the oil market is proving a...

Libya’s NOC wary of broken promises in oil ports deal 03 Aug 2016 - 12:00 am

The building housing Libyan state oil energy firm the National Oil Corporationis seen in Tripoli, February 22, 2016. Reuters / Ismail Zitouny By...

Oil falls as oversupply weighs 01 Aug 2016 - 03:57 pm

A view of Mexico's national oil company Pemex's refinery in Cadereyta, Nuevo Leon state, Mexico July 31, 2016. (REUTERS/Daniel Becerril) By Nina Chestney...

Iran says crude market oversupplied, balance to be restored 01 Aug 2016 - 12:14 pm

(File Photo / Reuters) By Parisa Hafezi ANKARA: Iran’s Oil Minister said on Monday the oil market was oversupplied but predicted balance between...

Special Report: In Venezuela’s murky oil industry, the deal that went too far 29 Jul 2016 - 12:00 am

A general view of the headquarters of the Venezuelan oil company PDVSA in Caracas, Venezuela July 21, 2016. REUTERS/Carlos Garcia Rawlins By Alexandra...

Oil prices slide on oversupply, economic headwinds 25 Jul 2016 - 04:45 pm

(Reuters) By Ahmad Ghaddar LONDON: Oil prices fell to two and a half month lows on Monday amid worries that a global glut...

Oil slips as U.S. stock build raises glut worries 21 Jul 2016 - 03:45 pm

The oil ship Prof John Evans Atta Mills is seen moored off the coast of the port of Takoradi, Ghana, July 14, 2016....

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...