Baghdad: Iraq Ministry of Oil announced the production of crude oil last February exceeded 4.5 million barrels per day. In a press statement...
Baghdad: Iraq Ministry of Oil announced the production of crude oil last February exceeded 4.5 million barrels per day. In a press statement...
London: BP is in talks with Ineos AG to sell the Forties pipeline, one of the most important pieces of oil infrastructure in...
New York/Washington/London: Opec and its allies may prolong production cuts after they expire in June if the world’s crude inventories remain excessive, Saudi...
London: Global oil inventories rose for the first time in January as the market grappled with a swell in production last year, but...
CAIRO: Saudi Aramco oil product shipments to Egypt will resume very shortly, an Egyptian Petroleum Ministry official told Reuters on Wednesday. “Very shortly...
DUBAI: Iran will keep its oil production cap at 3.8 million barrels per day in the second half of 2017, the country's oil...
Seoul: Hyundai has signed a deal worth three billion euros ($3.2 billion) to invest in a major Iranian oil project, it confirmed on...
Dubai : Major Gulf stock market indexes mostly closed lower yesterday after oil prices plunged at the end of last week to a...
BP Plc’s shares surged the most this year after a London newspaper reported on rumours that ExxonMobil Corp. sounded out major shareholders over...
NEW YORK: Oil bulls trying to push the crude market higher finally waved the white flag on Wednesday, triggering the biggest rout in...
London: Oil dropped further below $56 a barrel yesteday after an industry report pointed to a large rise in crude inventories in the...
Nicosia: US energy giant ExxonMobil, Qatar Petroleum, Italy's ENI and France's Total have successfully bid for rights to explore for oil and gas...
Nicosia: US energy giant ExxonMobil, Qatar Petroleum, Italy's ENI and France's Total have successfully bid for rights to explore for oil and gas...
Vienna: The price of OPEC basket of thirteen crudes stood at USD 53.85 a barrel on Monday, compared with USD 53.61 the previous...
DUBAI/LONDON: Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the...
Brent crude oil prices are likely to average in $50s per barrel (bbl) range in 2017, said a Gulf Intelligence survey conducted in...
Baoding, China: Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But...
London: Opec has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months...
