oil
Saudis, oil majors discuss gas investments ahead of giant IPO
Business
April 12, 2017
Saudis, oil majors discuss gas investments ahead of giant IPO
Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the…
Oil prices fall as Libya’s output rebound boosts supply
Business
April 4, 2017
Oil prices fall as Libya’s output rebound boosts supply
Oil prices fell on Tuesday as a rebound in Libyan crude production combined with an increase in US drilling to…
Iraq to boost crude oil production by year’s end: minister
Business
April 2, 2017
Iraq to boost crude oil production by year’s end: minister
Iraq's oil minister says the country plans to increase daily crude oil production to 5 million barrels by the end…
US shale leaves thousands of wells unfinished
Business
March 24, 2017
US shale leaves thousands of wells unfinished
US shale producers are drilling at the highest rate in 18 months but have left a record number of wells…
Saudi deputy crown prince, Trump meeting a ‘turning point’: Saudi adviser
World
March 15, 2017
Saudi deputy crown prince, Trump meeting a ‘turning point’: Saudi adviser
Saudi Arabia hailed a "historical turning point" in US-Saudi relations after a meeting between US President Donald Trump and Deputy…
Oil drops to 3-month low, US erases all gains since OPEC output cut
Business
March 15, 2017
Oil drops to 3-month low, US erases all gains since OPEC output cut
Oil tumbled on Tuesday after OPEC reported a rise in global crude stocks and a surprise output jump from its…
Libya’s deepening split finds battleground at oil terminals
Middle East
March 12, 2017
Libya’s deepening split finds battleground at oil terminals
Hundreds if not thousands of armed men are converging on Libya's main oil shipping terminals, which the rival powers in…
Saudi energy minister says oil market fundamentals improving
Business
March 8, 2017
Saudi energy minister says oil market fundamentals improving
Saudi Energy Minister Khalid al-Falih said on Tuesday that oil market fundamentals were improving after an agreement struck with top…
Fighting erupts around key oil ports in Libya
Middle East
March 6, 2017
Fighting erupts around key oil ports in Libya
East Libyan forces carried out airstrikes around major oil ports overnight as they sought to regain control of the area…
Saudi Arabia wants oil prices to rise to around US$60 in 2017: sources
Business
February 28, 2017
Saudi Arabia wants oil prices to rise to around US$60 in 2017: sources
Saudi Arabia wants crude oil prices to rise to around US$60 a barrel this year, five sources from OPEC countries…