BENGHAZI, Libya: Foreign workers at Libya’s Sharara oil field, which is currently shut, have been temporarily evacuated because of unspecified information about activity...
BENGHAZI, Libya: Foreign workers at Libya’s Sharara oil field, which is currently shut, have been temporarily evacuated because of unspecified information about activity...
Russia is likely to back a further extension of the OPEC agreement cutting oil output, judging that it has helped to stabilize the...
Washington: The US Energy Department said yesterday that it would release a second batch of oil from the Strategic Petroleum Reserve totaling 1...
Singapore: Crude prices fell further in Asian trade Thursday as refineries shut down by deadly storm Harvey in the key oil-producing US Gulf...
LONDON: Iraq’s Kurdistan region will immediately pay $1 billion to UAE-based Dana Gas and its partners to settle a long-running London court case,...
London: Oil prices rose yesterday, lifted by indications that supply is gradually tightening, especially in the United States. Benchmark Brent crude was up...
Moscow: Russia’s state-controlled oil giant Rosneft announced yesterday it had closed a deal with India’s Essar Oil that is the single largest foreign...
Amsterdam: Oil prices fell yesterday as a rally at the end of last week prompted investors to close positions at a higher price,...
Dubai: Royal Dutch Shell has lifted a cargo of 600,000 barrels of crude oil from Libya’s Zueitina port, its first from the war-torn...
LONDON: Oil prices steadied on Tuesday after a heavy sell-off following a surge in the dollar, and weighed down by signs of weaker...
Amsterdam: Oil prices fell yesterday as a slowdown in Chinese refining raised concerns about demand in the world’s second-biggest consumer, while an increase...
London: Oil rose towards $53 a barrel yesterday ahead of a US inventory report expected to show crude stocks dropped for a sixth...
New York: The growth of shale gas extraction is positioning the United States to be a bigger natural gas exporter, potentially challenging Russia's...
Norway’s oil industry has been salivating for years over the Arctic Lofoten islands, which could hold billions of barrels of crude. It will...
Oman Oil Refineries and Petroleum Industries Company (ORPIC) said that the total refinery products and petroleum industries in the Sultanate recorded a rise...
Russia’s largest oil company disclosed another advance payment to Venezuela’s state producer after the US sanctioned President Nicolas Maduro on Monday. Rosneft PJSC...
LONDON: BP expects global oil prices to hold within a range of $45-$55 a barrel next year as US shale production grows, the...
LONDON: Royal Dutch Shell is planning for the day when demand for oil starts fading as major economies move away from oil and...
