Business / Energy

Repsol to resume Libya activity once security allows: Spanish FM 29 Apr 2016 - 12:00 am

Jose Manuel Garcia-Margallo Tripoli: Spanish oil giant Repsol is ready to resume activity in Libya once the security situation allows it, Spain's foreign...

Oil dips in Asia after hitting 2016 highs 28 Apr 2016 - 08:24 am

Singapore: Oil prices dipped in Asia Thursday as traders took profits after costs hit a new high for the year in response to...

Morocco’s Samir plans to restart oil refinery for three months 28 Apr 2016 - 12:00 am

LONDON: Morocco’s only oil refinery Samir is planning to restart its 200,000 barrel per day complex for three months while it appeals a...

Saudi Arabia does not politicize oil policies: Deputy Crown Prince 26 Apr 2016 - 12:31 pm

File photo of Saudi Arabia's Deputy Crown Prince Mohammed bin Salman. Riyadh: Saudi Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy...

Dana Gas says no deal with Iran on gas imports 26 Apr 2016 - 10:43 am

ABU DHABI: The United Arab Emirates’ Dana Gas has not been able to reach an acceptable deal with Iran on natural gas imports...

Oil prices rise ahead of US inventory data 26 Apr 2016 - 09:26 am

Singapore: Oil prices rose in Asia Tuesday, rebounding from sharp losses sparked by a report that Saudi Arabia was close to completing an...

Oil corporation allied to east Libya govt loading tanker for export: officials 25 Apr 2016 - 05:45 pm

The building housing Libyan state oil energy firm the National Oil Corporation (NOC) is seen in Tripoli, February 22, 2016. Reuters / Ismail...

Oil prices fall after news of possible Saudi oilfield expansion 25 Apr 2016 - 08:08 am

Shaybah oilfield complex is seen at night in the Rub' al-Khali desert, Saudi Arabia, November 14, 2007. REUTERS/ ALI JAREKJI Singapore: Crude prices...

Oil climbs to five-month high as traders see market rebalancing 23 Apr 2016 - 03:23 pm

Caption Mark Shenk and Angelina Rascouet Oil advanced to a five-month high as declining U.S. crude production provided more evidence that the market...

Uganda chooses Tanzania as route for oil pipeline 23 Apr 2016 - 03:17 pm

Uganda foreign affairs minister Sam Kutesa Kampala: Landlocked Uganda on Saturday announced plans to export its future crude oil production via a new...

Iran finds Doha meeting, despite failure, a positive step 23 Apr 2016 - 11:53 am

Iran Oil Minister Bijan Namdar Zanganeh DUBAI: Iran's oil minister said on Saturday that last week's Doha meeting to freeze oil production, despite...

Kuwait plans to buy up to 1.5 mln T of LNG annually from Russia - RIA 22 Apr 2016 - 06:53 pm

MOSCOW: Kuwait plans to buy up to 1.5 million tonnes of liquid natural gas annually from Russia, RIA news agency cited Nasser Abdullah...

Oil jumps more than 2 percent, heads for third week of gains 22 Apr 2016 - 06:17 pm

BY DEVIKA KRISHNA KUMAR NEW YORK: Oil prices jumped more than 2 percent on Friday and were poised for a third week of...

Oil rises as IEA expects biggest non-OPEC output fall in 25 years 21 Apr 2016 - 10:03 am

BY HENNING GLOYSTEIN SINGAPORE: Crude prices rose on Thursday, reversing earlier declines, as the International Energy Agency (IEA) said that 2016 would see...