LONDON: Oil rose on Tuesday, supported by expectations of an extension next week to OPEC output cuts, but prices remained under pressure from...
LONDON: Oil rose on Tuesday, supported by expectations of an extension next week to OPEC output cuts, but prices remained under pressure from...
LONDON: Iran's oil minister said on Monday that the majority of OPEC members support extending a plan to cut production but a final...
LONDON: Oil prices rose on Friday but were still on track for a week of losses due to concerns about oversupply, as signs...
CARACAS: Oil-dependent Venezuela’s crude output dipped last month below 2 million barrels per day, its lowest level in nearly three decades, global producer...
Petroleos Mexicanos announced its biggest onshore discovery in 15 years, just three months after Mexico reported the first major find by private companies,...
London: Royal Dutch Shell said Thursday that net profit almost tripled to more than $4.0 billion in the third quarter, helped largely by...
Shanghai: China's two big oil giants PetroChina and Sinopec have reported strong third-quarter net profits on robust domestic demand. State-owned PetroChina said late...
Washington: A record spike in fuel prices following the summer's back-to-back hurricanes drove up a closely watched US inflation measure in September, but...
DUBAI, The United Arab Emirates will continue to reduce its oil output to meet its commitment to a global oil production cut agreement,...
Rio de Janeiro: Brazil's cash-strapped government hopes to drill into the pockets of some of the world's biggest oil companies Friday at an...
Schlumberger Ltd. and Baker Hughes, the world’s two biggest oilfield service companies, say North America’s growth engine is slowing. The investment appetite by...
Baghdad: The Iraqi oil ministry reacted angrily on Thursday after Russian energy giant Rosneft signed a production sharing deal with the authorities in...
CARACAS/HOUSTON: Venezuela’s state-run oil firm, PDVSA, is increasingly delivering poor quality crude oil to major refiners in the United States, India and China,...
New York, Oil prices jumped as escalating turmoil in the Middle East raised concerns over exports in the market. The Iraqi security forces...
ERBIL, Iraq/ANKARA: Turkey threatened potentially crippling restrictions on oil trading with Iraqi Kurds on Thursday after they backed independence from Baghdad in a...
LONDON: Oil prices rose on Thursday, spurred by rising tension around northern Iraq following the Kurdistan region’s vote in favour of independence in...
MANILA: The Philippines said on Thursday it was pursuing a long-delayed oil and gas exploration project with Chinese state-owned entity CNOOC Ltd and...
DAMASCUS: Syria’s government has produced much more power in recent months as the army recaptured natural gas fields from militants, the electricity ministry...
