Business / Energy

Oil prices fall after news of possible Saudi oilfield expansion 25 Apr 2016 - 08:08 am

Shaybah oilfield complex is seen at night in the Rub' al-Khali desert, Saudi Arabia, November 14, 2007. REUTERS/ ALI JAREKJI Singapore: Crude prices...

Oil climbs to five-month high as traders see market rebalancing 23 Apr 2016 - 03:23 pm

Caption Mark Shenk and Angelina Rascouet Oil advanced to a five-month high as declining U.S. crude production provided more evidence that the market...

Uganda chooses Tanzania as route for oil pipeline 23 Apr 2016 - 03:17 pm

Uganda foreign affairs minister Sam Kutesa Kampala: Landlocked Uganda on Saturday announced plans to export its future crude oil production via a new...

Iran finds Doha meeting, despite failure, a positive step 23 Apr 2016 - 11:53 am

Iran Oil Minister Bijan Namdar Zanganeh DUBAI: Iran's oil minister said on Saturday that last week's Doha meeting to freeze oil production, despite...

Kuwait plans to buy up to 1.5 mln T of LNG annually from Russia - RIA 22 Apr 2016 - 06:53 pm

MOSCOW: Kuwait plans to buy up to 1.5 million tonnes of liquid natural gas annually from Russia, RIA news agency cited Nasser Abdullah...

Oil jumps more than 2 percent, heads for third week of gains 22 Apr 2016 - 06:17 pm

BY DEVIKA KRISHNA KUMAR NEW YORK: Oil prices jumped more than 2 percent on Friday and were poised for a third week of...

Oil rises as IEA expects biggest non-OPEC output fall in 25 years 21 Apr 2016 - 10:03 am

BY HENNING GLOYSTEIN SINGAPORE: Crude prices rose on Thursday, reversing earlier declines, as the International Energy Agency (IEA) said that 2016 would see...

Oil extends gains in Asia after US output falls 21 Apr 2016 - 08:06 am

Singapore: Oil prices on Thursday built on recent gains after data showed US production fell to 18-month lows and Iraq pushed for a...

Global stocks drop as oil prices fall back 20 Apr 2016 - 01:56 pm

London: European and Asian stock markets mostly retreated on Wednesday, with oil prices dropping once more as crude workers ended a strike in...

Oil prices rebound as Kuwait strike enters third day 19 Apr 2016 - 10:24 am

Kuwaiti oil workers arrive at their union headquarters in Al-Ahmadi, on April 17, 2016, to protest against plans to cut their wages and...

Oil prices plunge after Doha output talks fail 18 Apr 2016 - 09:33 am

The collapse of Sunday talks in Doha sent oil tumbling in Asia trade early on April 18, 2016 (AFP Photo/Haidar Mohammed Ali) Singapore:...

Doha Oil Talks Drag on Amid Dispute Over Saudi Stance on Iran 18 Apr 2016 - 12:00 am

Saudi Oil Minister Ali al-Naimi, (2ndR) arrives at an oil-producers' meeting in Doha, Qatar, on April 17, 2016. AFP / KARIM JAAFAR Talks...

Russia, Saudi debate oil deal draft at Doha talks 18 Apr 2016 - 12:00 am

DOHA: Talks between OPEC and non-OPEC oil producers in the Qatari capital of Doha have been running for over four hours with Russia...

Italians vote on oil and gas as scandal ups pressure on Renzi 18 Apr 2016 - 12:00 am

(FILES) This file photo taken on April 6, 2016 shows Italy's ENI Gas plant in Marina di Ravenna on April 6, 2016. AFP...

Kuwait lowers crude, refining output as workers strike 18 Apr 2016 - 12:00 am

Kuwaiti oil and gas workers gather during a strike against salary cuts at Ahmadi Governorate, 33km south of Kuwait City, Kuwait, 17 April...

Doha oil talks end without agreement: Qatari minister 18 Apr 2016 - 12:00 am

Qatar's Energy Minister H E Mohammed Saleh Al Sada arrives to a meeting between OPEC and non-OPEC oil producers, in Doha, Qatar April...

Qatar says OPEC needs more time for freeze deal 18 Apr 2016 - 12:00 am

LONDON: Qatar's oil minister H E Mohammed al-Sada said on Sunday OPEC needed more time for consultations to reach an output freeze deal. ...

Oil producers' fail to agree on output freeze 18 Apr 2016 - 12:00 am

Qatari Minister of Energy and Industry H E Mohammed Saleh al-Sada attends a news conference following the oil-producers' meeting at Sheraton Hotel in...