TEHRAN, Iran: Iran's President Hassan Rouhani is welcoming a Wednesday OPEC deal that cut the oil cartel's output to push up crude prices....
TEHRAN, Iran: Iran's President Hassan Rouhani is welcoming a Wednesday OPEC deal that cut the oil cartel's output to push up crude prices....
ISTANBUL: Brent oil price surpassed $50 for the first time in a month, influenced by anticipation surrounding OPEC's meeting in Vienna on Wednesday....
MUSCAT: Oman Oil Refineries and Petroleum Industries Co (ORPIC) said on Wednesday it was preparing to restart its 116,000 barrel per day Sohar...
Vienna: The OPEC oil cartel held tense talks Wednesday to try to agree its first output cut in eight years, sending oil prices...
VIENNA: OPEC began on Wednesday debating a deal to curtail oil production and prop up the price of crude, with Iran and Iraq...
DHAHRAN, Saudi Arabia: Saudi Arabia’s energy minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017...
Tehran: Algeria has proposed that OPEC members cut 1.1 million barrels of daily oil production to boost prices, Iran's Shana news agency reported...
Moscow: With its oil output at record levels and state coffers running low, Russia has little to lose and much to gain from...
Dubai: Iran is optimistic about Opec reaching an agreement and plans to announce its own decision about any output curbs at the group’s...
Amsterdam: Royal Dutch Shell expects to pump out all the fossil fuel reserves listed on its balance sheet, its chief executive said, dismissing...
Paris: An agreement to cut global oil production is possible, but would only happen if countries that do not belong to the Organization...
BAGHDAD: Iraq is willing to cut its crude oil output as part of OPEC’s plan to reduce global supply and boost crude prices,...
Hong Kong: Asian markets rose Tuesday with energy stocks tracking a surge in oil prices, while Tokyo hit a fresh 10-month high after...
BENGHAZI, Libya: Libya’s Waha Oil Co says its production has reached more than 75,000 barrels per day (bpd) through the Waha and Samah...
LONDON: BP has created a new executive committee to explore business in Iran which will exclude its American chief executive Bob Dudley in...
BAGHDAD: Iraq's oil minister Jabar Ali al-Luaibi will make suggestions at a meeting of OPEC oil ministers at the end of the month...
Kuwait renewed a contract to supply Egypt with crude oil for the next three years, according to a senior Kuwaiti government official, who...
LONDON: Glencore is seeking to raise $550 million from investors via a debt issue guaranteed by oil from Iraqi Kurdistan in an attempt...
