Egypt is committed to repaying the $3.5bn it owes in arrears to foreign oil companies but a foreign currency shortage has made the...
Egypt is committed to repaying the $3.5bn it owes in arrears to foreign oil companies but a foreign currency shortage has made the...
LONDON: Europe’s earnings season got off to a rocky start on Tuesday with profit warnings from BT Group and Aryzta sending their shares...
BASRA, Iraq: Iraq expects to more than triple exports of liquefied petroleum gas, and to double exports of gas condensates in 2017 as...
LONDON: Iraq has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 bpd before the...
Dubai: Saudi Basic Industries Corp, the Middle East’s biggest petrochemicals producer, agreed to buy out Royal Dutch Shell Plc’s 50 percent stake in...
Khobar: Oil and gas company Saudi Aramco is operating about 220 drilling rigs thanks to continued investment in capacity despite low oil prices,...
Dubai: The government of Iraqi Kurdistan is close to resuming regular monthly payments to international oil companies as the rally in crude prices...
Vienna: Oil producers said Sunday that their landmark December deal to slash output by almost two million barrels per day was on track,...
Riyadh: Saudi Aramco plans to boost gas production at its Hawiyah and Haradh plants to meet growing domestic energy needs, industry sources said....
London: Oil prices edged up for a second day yesterday on expectations that a weekend meeting of the world’s top oil producers would...
New York: General Electric Co’s fourth-quarter revenue trailed analysts’ estimates as the persistent oil-patch slump damped demand for the industrial equipment that forms...
London: Oil prices fell yesterday on expectations that U.S. producers would boost output. Brent crude futures, the international benchmark for oil prices, were...
Oil rose in New York after Saudi Arabia’s energy minister said OPEC probably won’t need to extend its supply cuts beyond June as...
LONDON: Extreme volatility and strong cyclicality have been the defining characteristics of oil prices and the industry since the first modern oil well...
London: Libya's oil production has dropped to 655,000 barrels a day due to difficulties including a lack of storage capacity and poor weather,...
Caracas: Venezuelan state energy company PDVSA projects oil production will remain near 23-year lows in 2017, an internal document shows, suggesting more hardship...
Opec is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had...
Saudi Arabia has reduced oil production to less than 10 million barrels a day, below its targeted level, and will consider renewing its...
