Business / Energy

BP investors say “no” to CEO Dudley’s $20 mln pay deal 15 Apr 2016 - 12:00 am

Signage for a BP petrol station is pictured in London in this file picture taken July 29, 2014. Reuters / Luke MacGregor By...

BP boss faces revolt over pay rise despite loss 14 Apr 2016 - 01:58 pm

Bob Dudley, Group Chief Executive of BP, gives a keynote address at the Oil & Money conference in central London, October 29, 2014....

Iran oil minister won't attend Doha freeze talks -Seda reporter 13 Apr 2016 - 10:21 am

DUBAI: Iranian Oil Minister Bijan Zanganeh will not attend an oil producers meeting in Doha next week but Iran will send a representative,...

Oil hits 2016 high above $43 on producer meeting hopes 12 Apr 2016 - 01:58 pm

LONDON: Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting...

Oil hits 2016 high above $43 on producer meeting hopes 12 Apr 2016 - 12:09 pm

By Alex Lawler LONDON: Oil reached a 2016 high above $43 a barrel on Tuesday, supported by hopes that an upcoming meeting of...

Kuwait halts oil exports from all ports due to bad weather 12 Apr 2016 - 10:10 am

KUWAIT: Kuwait has stopped exporting oil from all of its ports due to bad weather, spokesman Khaled al-Asousi from state-run Kuwait National Petroleum...

Saudi Arabia to supply Egypt with 700,000 tonnes of petroleum products a month 11 Apr 2016 - 01:48 pm

CAIRO: Saudi Arabia is to provide Egypt with 700,000 tonnes of petroleum products a month under a $23 billion deal over five years...

Oil prices rise in Asia as Doha meeting, US report loom 11 Apr 2016 - 09:43 am

Ministers of Latin American nations - Ecuador, Venezuela, Colombia, Bolivia and Mexico - participate in a meeting to analyze the oil prices at...

Iran exporting 350,000 bpd oil to India, hopes for more: Shana 09 Apr 2016 - 12:39 pm

Goose stand inside a Bharat Petroleum oil pump station which displays the price of unleaded petrol and Diesel in New Delhi, India, February...

Oil prices jump on signs of US cutbacks, Doha hopes 09 Apr 2016 - 12:00 am

A view of the OPEC Headquarter in Vienna. AFP New York: Oil prices jumped Friday to cap a week of gains, helped by...

Oil steady as Iraqi exports up, offsetting U.S. inventories drop 07 Apr 2016 - 11:35 am

By Simon Falush LONDON: Oil steadied at around $40 per barrel on Thursday as a surprise fall in U.S. inventories the previous day...

Ukraine to ban imports of Russian oil products - PM 06 Apr 2016 - 01:45 pm

KIEV: Ukraine plans to ban imports of Russian oil products, and to remove import duties on second-hand cars except for Russian ones, Prime...

Oil up as Kuwait revives hope for output freeze deal 06 Apr 2016 - 07:52 am

Singapore: Oil prices climbed in Asia Wednesday after Kuwait said an agreement to freeze output during a producers' meeting this month could still...

OPEC daily basket price down to US$33.33 a barrel 05 Apr 2016 - 04:32 pm

Vienna: The price of OPEC basket of thirteen crudes stood at $33.33 a barrel on Monday, compared with $34.47 the previous Friday, according...

Petrol shortages hit Africa's top oil producer Nigeria 05 Apr 2016 - 04:08 pm

LAGOS: Angry motorists queued overnight at petrol stations across Nigeria and lines of cars blocked traffic in the commercial capital Lagos on Tuesday...