Business / Energy

Italian, Chinese majors vie in Pakistan's mega LNG tender 19 Jul 2019 - 05:10 pm

LONDON/SINGAPORE: Italian oil major Eni , China's overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG)...

Oil declines as global economic woes outweigh standoff with Iran 04 Jul 2019 - 06:50 pm

Oil declined as concerns that slowing economic growth will stymie energy demand outweighed worries that a confrontation with Iran may threaten supplies. Futures...

OPEC deal points to weaker oil demand and takes toll on US grades 02 Jul 2019 - 08:47 pm

OPEC’s deal to extend oil production cuts reinforced concerns over a weak demand outlook, taking down Brent crude and the U.S. physical markets...

Canada aboriginal pipe dream might end Trudeau's Trans Mountain nightmare 02 Jul 2019 - 07:31 pm

CALGARY, Alberta/WINNIPEG, Manitoba: An indigenous-led group plans to offer to buy a majority stake in the Trans Mountain oil pipeline from the Canadian...

Climate campaigners 'greatest threat' to oil sector: OPEC 02 Jul 2019 - 06:32 pm

Vienna: OPEC's secretary-general has complained of what he called "unscientific" attacks on the oil industry by climate change campaigners, calling them "perhaps the...

Oil-state Republicans want USDA banished from biofuel waivers 29 Jun 2019 - 10:14 pm

A dozen Republican senators are insisting that U.S. Agriculture Secretary Sonny Perdue stop intervening in government decisions over granting oil refineries exemptions from...

Oil rises above $58 as taunts and threats heat US-Iran tension 25 Jun 2019 - 07:36 pm

Oil rallied as the U.S. and Iran heated up their rhetoric in a standoff that threatens to engulf the heart of global oil...

Q-Flex vessel sets delivery benchmark in Turkey 22 Jun 2019 - 01:18 pm

Doha: Qatargas today announced the safe delivery of the largest single cargo of liquefied natural gas (LNG) to the Marmara LNG Terminal in...

Nigeria names new head for state-run oil company 20 Jun 2019 - 04:21 pm

Abuja: Nigerian President Muhammadu Buhari appointed a new head of the country's under-performing oil company on Thursday, amid plans to resume searching for...

Iraq gets new extension for Iran energy sanctions waiver 15 Jun 2019 - 03:01 pm

BAGHDAD: Two Iraqi officials say the United States has given Iraq a new 90-day extension for an Iran sanctions waiver allowing Baghdad to...

Oil rises again on tension fuelled by tanker blasts 14 Jun 2019 - 09:16 pm

London: Oil prices rose again Friday in reaction to geopolitical tension, building on the previous day's surge sparked by blasts on two tankers...

Kuwaiti, Singaporean ships collide at Bangladeshi port 14 Jun 2019 - 07:08 pm

Kuwait: A Kuwaiti oil tanker had a minor collision with a Singaporean container ship at the Port of Chittagong in Bangladesh, Kuwait Oil...

Oil prices surge 2% after suspected tanker attack near Iran 13 Jun 2019 - 06:37 pm

HOUSTON: Oil prices jumped about 2% on Thursday following a suspected attack on two tankers in the Gulf of Oman near Iran and...

American oil keeps flowing to China despite mounting trade war 06 Jun 2019 - 09:00 pm

Washington’s escalating trade war with Beijing hasn’t choked off the flow of American oil to China. At least six million barrels of U.S....

BP denies BBC accusations over Senegal gas deal 06 Jun 2019 - 09:00 pm

Dakar: BP on Thursday rejected a BBC investigation which suggested a gas deal that the energy giant signed in Senegal would deprive the...

Oil prices steady, concerns grow about demand 06 Jun 2019 - 07:23 pm

LONDON: Oil prices steadied on Thursday after hitting a near five-month low in the previous session but sentiment remained weak due to rising...

India has ended Iranian oil imports: envoy 23 May 2019 - 10:05 pm

Washington: India has ended all imports of oil from Iran, its ambassador in Washington said Thursday, becoming the latest country to grudgingly comply...