Business / Energy

Oil rises on weakened dollar ahead of US inventory data 30 Mar 2016 - 10:05 am

Singapore: Oil prices rose Wednesday on a weaker dollar after Federal Reserve chief Janet Yellen signalled a cautious approach to US interest rate...

Oil falls on supply worries ahead of US inventory data 30 Mar 2016 - 12:00 am

New York: World oil prices retreated Tuesday as worries about global oversupply returned to the forefront ahead of a US petroleum inventory report....

Kuwait says agrees with Saudi to resume Khafji oilfield operations 29 Mar 2016 - 12:40 pm

Kuwaiti finance minister Anas al-Saleh, speaks during a press conference in Kuwait city on January 26, 2015. AFP /Yasser Al-Zayyat KUWAIT: Kuwait has...

Oil prices rise on lower US rig numbers 28 Mar 2016 - 09:50 am

File picture for representation only. Singapore: Oil prices edged up in Asia on Monday, recovering slightly from last week's decline, but analysts said...

Egypt’s EGAS completes tender for two LNG cargoes for April delivery 27 Mar 2016 - 11:36 am

CAIRO: Egypt has purchased two liquefied natural gas (LNG) cargoes for April delivery from two international companies, EGAS Chairman Khaled Abdel Badie told...

Iraq oil exports, OPEC’s fastest growing in 2015, hold steady in March 23 Mar 2016 - 06:54 pm

Baghdad has given verbal support to an initiative by the Organization of the Petroleum Exporting Countries and outside producers to freeze output in...

Saudi Aramco starts producing gas at offshore Hasbah field 23 Mar 2016 - 04:41 pm

KHOBAR, Saudi Arabia, March 23 (Reuters) - State oil company Saudi Aramco has started producing natural gas at the offshore Hasbah field, it...

Oil prices dip before US inventories report 23 Mar 2016 - 03:48 pm

London: Oil prices slid Wednesday in cautious trade following the Brussels attacks, and as supply glut worries grew before the latest snapshot of...

Oil dips as market reacts calmly to Brussels attacks 23 Mar 2016 - 10:47 am

A technician stands at a gas treatment plantin this December 14, 2008 file photo. REUTERS/Zohra Bensemra Singapore: Oil prices eased Wednesday as traders...

Oil revenues down, Algeria woos energy investors 23 Mar 2016 - 12:00 am

Algeria, a key gas supplier to Europe, is also in talks with European Union officials on holding a summit in Algiers in May...

Oil slips but holds above $41 22 Mar 2016 - 03:49 pm

London: Oil prices slid Tuesday but held above $41 after OPEC confirmed an April meeting of key crude producing nations against a backdrop...

Qatar says Iran invited to talks on oil output freeze 22 Mar 2016 - 01:02 pm

A section of the BP Eastern Trough Area Project (ETAP) oil platform is seen in the North Sea in this file photo. (Reuters/Andy...

Qatar invites oil-producing countries to participate in Doha meeting 22 Mar 2016 - 11:58 am

File picture of an oil field Doha: Qatar has sent a formal invitation to all member states of the Organization of the Petroleum...

OPEC’s Badri says Iran could join oil-output freeze group later 22 Mar 2016 - 12:00 am

OPEC Secretary-General Abdullah al-Badri addresses a news conference after a meeting of OPEC oil ministers at OPEC's headquarters in Vienna November 27, 2014....