Oil-hauling supertankers are bracing for the worst earnings year since 2013 as they become collateral damage in OPEC’s quest to trim a global...
Oil-hauling supertankers are bracing for the worst earnings year since 2013 as they become collateral damage in OPEC’s quest to trim a global...
MOSCOW: Russia said on Wednesday it sold a stake in oil giant Rosneft for 10.5 billion euros ($11.3 billion) to Qatar and commodities...
DUBAI: Royal Dutch Shell will sign three initial agreements on Wednesday to develop Iranian oil and gas fields, an Iranian oil ministry official...
ABU DHABI: The global oil market needs price levels which provide incentives to invest in production, and even at a price of $50...
Singapore: Oil prices decreased by 1% on Monday, triggered by rising production just after last week's deal between the Organization of the Petroleum...
Dubai: Opec will meet non-Opec countries to finalise a global oil limiting pact on December 10 in the Russian capital Moscow, two Opec...
London: Opec has reached an agreement to cut its oil output by almost 1.2 million barrels per day and been rewarded with an...
While the first OPEC production cuts since 2008 were inked as Asia slept, the winners and losers from the surprise deal are already...
Tehran: Iran claimed victory after it was spared any of the cuts in oil production accepted by other OPEC members, including its bitter...
London: Oil prices rose Thursday, building slightly on a surge triggered by OPEC's output decision, while European stock markets retreated as attention switched...
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...
