Business / Energy

MARJ:  East Libyan military forces are in talks with protesting state guards to take over the nation's largest oilfield El Sharara peacefully and...

Europe’s drivers are ditching diesel cars in favor of gasoline. The oil market is handing them something of a lucky break as they...

Oil prices moved higher as analysts predicted the mounting political crisis in Venezuela could take a chunk out of global crude flows. Futures...

Frankfurt am Main: The US ambassador to Germany has warned of sanctions against firms linked to the Nord Stream 2 gas pipeline from...

Accra - Norway's Aker Energy on Thursday said it had discovered oil in commercial quantities off Ghana, which the government welcomed as a...

WASHINGTON:  China-based Yantai Jereh Oilfield Services Group Co Ltd has agreed to pay more than $2.7 million to settle allegations it did business...

Rio de Janeiro:  Thieves who broke into a pipeline near Rio de Janeiro to steal oil caused a four-kilometer (2.5-mile) spill of crude...

NEW DELHI: India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told Reuters on...

SOFIA:  Bulgaria will go ahead with plans to spend 1.4 billion euros ($1.59 billion) to build a new gas link to transport Russian...

Tokyo: Oil prices rose on Wednesday ahead of an OPEC meeting next week at which the producer club is expected to decide some...

CARACAS, Venezuela:  Venezuela will hold onto its U.S.-based Citgo refineries, settling a long-standing dispute that threw ownership of the crisis-wracked country's prized assets...

Venezuela’s fuel shortages are worsening as mass resignations at the state oil company’s tanker fleet have delayed gasoline shipments. Petroleos de Venezuela SA’s...

ANKARA:  Turkey warned energy companies on Sunday against working with the Greek Cypriot government in carrying out exploratory drilling in the eastern Mediterranean,...

ABU DHABI:  Sudan's oil minister said on Tuesday he expected bidding to develop the country's oil and gas blocks to start in the...

MOSCOW: Rosneft wants its Western oil buyers to accept new terms and pay penalties from 2019 if they fail to pay for supplies...

Tokyo: Japanese buyers of Iranian crude oil are expected to prepare to resume imports from the Middle Eastern nation after Tokyo was granted...

Saleha Mohsin and Nick Wadhams (Bloomberg) -- The U.S. gave a stark warning to companies around the world: Evading sanctions on Iran will...

Oman's oil and condensates output increased to 990,200 barrels per day (bpd) in September, the oil ministry wrote on Twitter on Sunday. The...