London: Oil prices steadied yesterday as lower production by Opec and other exporters balanced growing evidence of a revival in US shale production...
London: Oil prices steadied yesterday as lower production by Opec and other exporters balanced growing evidence of a revival in US shale production...
BP Plc is falling behind competitors in one crucial measure of its resilience to oil’s slump. The UK company now needs benchmark Brent...
LONDON: Oil prices rose on Thursday as evidence that OPEC and other big exporters were cutting production outweighed a sharp rise in U.S....
London: Oil edged further above $55 a barrel yesterday supported by signs that Russia and Opec producers are delivering on promised supply reductions,...
LONDON/DUBAI: Iraq significantly reduced oil output in January, according to industry sources and export data on Wednesday, but has yet to reach levels...
New York: US crude oil inventories increased by 5.8 million barrels, according to this week’s American Petroleum Institute (API) inventory report. Analysts were...
Houston: ExxonMobil Corp boosted its 2017 capital budget yesterday by about 14 percent on a bet that crude prices have stabilized, but posted...
London: Opec's oil output is set to fall by more than 1 million barrels per day (bpd) this month, a Reuters survey found...
Juba: South Sudan plans to more than double oil production to 290,000 barrels per day (bpd) in fiscal 2017/2018, the finance minister said...
LONDON: U.S. gasoline stocks are rising faster than normal for the time of year and are starting to put pressure on prices and...
Dubai: State oil giant Saudi Aramco has tasked two US industry leaders in oil reserves auditing to review the content of its deposits...
London: Oil demand growth will slow and supplies will remain abundant in the coming decades, meaning producers in the Middle East, Russia and...
Kuwait: Saudi Aramco has shelved plans for a multi-billion-dollar refining and petrochemical joint venture with Petronas in Malaysia, industry sources familiar with 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...
