London: Oil rose in New York before the release of US government data on oil inventories as more producers backed the extension of...
London: Oil rose in New York before the release of US government data on oil inventories as more producers backed the extension of...
LAGOS, Nigeria: Nigeria will resume oil exploration in the Lake Chad basin area within six weeks following the wane of Boko Haram in...
Acontinued concern about oil price weakness is likely to spur extension of Opec’s production cuts. Opec’s ability to bring down historically high global...
London: Oil prices rose yesterday after a larger-than-expected fall in US crude inventories but failed to recoup last week’s losses due to concerns...
London: Oil rose yesterday but faced headwinds from concern over slowing demand and the rise in US crude output that has shaken investors’...
London: Oil prices gave up early gains yesterday, as the market weighed news from Opec and other producers about prolonging output cuts against...
Kuwait City: Kuwait's oil minister said Monday he believes that oil producers will extend their production cuts for another six months at their...
KUALA LUMPUR: Saudi Energy Minister Khalid al-Falih said on Monday that oil producers would “do whatever it takes” to rebalance the market and...
DUBAI/LONDON: OPEC and non-member oil producers are considering extending a global supply cut for nine months or more to avoid a price-sapping output...
Saudi Arabia’s energy minister Khalid al-Falih said in comments posted on social media on Sunday that Brunei has expressed readiness to extend the...
BAGHDAD: Iraq's daily oil exports averaged 3.252 million barrels per day (bpd) in April, down slightly from 3.259 million bpd the previous month,...
DAKAR, Senegal: Activists in Senegal have raised concerns over the tussle for oil and gas exploration rights by two petroleum giants in the...
NEW YORK: After falling nearly 5 percent Thursday to their lowest level in five months, crude oil prices are nearing a capitulation point,...
DUBAI: Iran sees $55 per barrel as a suitable price for crude oil, and believes that OPEC and non-OPEC producers are likely to...
Oil prices fell to five-month lows yesterday on concerns about a persistent glut despite assurances from Saudi Arabia that Russia is ready to...
London: Saudi Aramco has appointed advisory firm Brunswick to join FTI Consulting in running media and investor relations for what is set to...
Oil prices fell for the fourth consecutive day yesterday, touching their lowest since March at just above $50 a barrel after US crude...
London: Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much larger-than-expected fall in US crude stocks, reviving...
