oil
As Big Oil shrinks, boards plot different paths out of crisis
Business
February 7, 2016
As Big Oil shrinks, boards plot different paths out of crisis
As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted…
BP slumps into $6.5bn loss for 2015 on oil collapse
Business
February 2, 2016
BP slumps into $6.5bn loss for 2015 on oil collapse
British energy giant BP said Tuesday that it slumped into a vast loss in 2015, ravaged by the dramatic collapse…
China unveils first oil spill response plan
Environment
February 1, 2016
China unveils first oil spill response plan
China's cabinet has approved the country's first oil spill emergency response scheme to be ready by 2020, to tackle increasing…
Saudi firms as Brent settles above US$30; Egypt up in modest volumes
Business
January 28, 2016
Saudi firms as Brent settles above US$30; Egypt up in modest volumes
Saudi Arabian stocks firmed up on Thursday as oil prices held above US$30 a barrel, while Egypt edged higher on…
Saudi Aramco chairman defends oil giant’s possible IPO move
Business
January 25, 2016
Saudi Aramco chairman defends oil giant’s possible IPO move
The chairman of Saudi Arabia's state oil giant said on Monday that plans for a possible initial public offering are…
Iran boosts oil output, foreign firms keen to seal deals
Business
January 19, 2016
Iran boosts oil output, foreign firms keen to seal deals
Iran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions,…
Oil’s slide below $30 sends shockwaves far and wide
Business
January 13, 2016
Oil’s slide below $30 sends shockwaves far and wide
US oil stumbled below US$30 for the first time in 12 years to levels that threaten the survival of many…
Oil prices move up from 12 year lows as China shares rise
Business
January 8, 2016
Oil prices move up from 12 year lows as China shares rise
Oil prices rose modestly on Friday, still within reach of 11 and a half-year lows, boosted by a recovery in…
Oil hits 11-year low, Saudi-Iran row cuts chances of output restraint
Business
January 6, 2016
Oil hits 11-year low, Saudi-Iran row cuts chances of output restraint
Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was…
Global stocks hit by China worries, North Korea nuclear test
Business
January 6, 2016
Global stocks hit by China worries, North Korea nuclear test
World stocks fell for a fifth day on Wednesday as China fueled fears about its economy by allowing the yuan…