Energy OPEC to discuss compensating for Iranian supply drop after US sanctions BAGHDAD: OPEC will discuss in December whether producers can compensate for a sudden drop in Iranian oil supply after U. Published 29 Aug, 2018 07:36pm
Energy Sanctions unlikely to stop Iran oil exports completely: Saudi adviser STAVANGER: Current US sanctions on Iran are unlikely to stop Iranian oil exports completely, a long-time adviser at Published 28 Aug, 2018 01:20pm
Energy South Sudan resumes pumping 20,000 bpd from oil field suspended since 2013 KHARTOUM: South Sudan has resumed pumping 20,000 bpd of crude from Toma South oil field, where production had been suspe Published 26 Aug, 2018 07:57pm
Energy Middle East Crude-Dubai edges higher on active trading SINGAPORE: Middle East crude benchmark Dubai edged higher on Monday amid active trading, while DME Oman's premium to Dub Published 13 Aug, 2018 01:47pm
Energy Iran says may need extraordinary OPEC meeting over members' output changes DUBAI: Iranian Oil Minister Bijan Zangeneh said OPEC may need to hold an extraordinary meeting should the organisation o Published 08 Aug, 2018 12:38pm
Energy Tanzania wants to build pipeline to pump gas to Uganda KAMPALA: Tanzania wants to build a pipeline to pump natural gas to neighbouring Uganda, another step in the two countrie Published 06 Aug, 2018 01:30pm
Energy Oil rises as Saudi output dips, US drilling stalls SINGAPORE: Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American sh Published 06 Aug, 2018 12:30pm
Middle East Africa Energy Saudi Arabia resumes oil exports through key waterway RIYADH: Saudi Arabia said Saturday that it was resuming oil shipments through the Bab al-Mandab Strait, ending a 10-day Published 04 Aug, 2018 03:37pm
Energy Brazil's Petrobras profit beats forecasts as oil prices soar RIO DE JANEIRO: Brazil's state-controlled oil company, Petroleo Brasileiro SA, reported a larger-than-expected quarterly Published 03 Aug, 2018 02:10pm
Energy Egypt sets tariff of $0.38 for use of national gas grid CAIRO: Egypt has set a tariff of $0.38 per million British thermal units (mmBtu) for firms seeking to use its national g Published 02 Aug, 2018 02:50pm
Energy Kuwait says oil market approaching stability KUWAIT: Kuwait's oil minister said on Wednesday that the global oil market was approaching stability based on current pr Published 01 Aug, 2018 01:26pm
Energy Brent-Dubai spread stays narrow; Saudi may cut prices SINGAPORE: Middle East crude benchmarks Dubai and DME Oman kicked off a new month's trade at premiums above 30 cents to Published 01 Aug, 2018 01:20pm
Energy West Africa Crude-Nigeria's Bonny Light programmes emerge LONDON: Three months of loading programmes for Nigeria's key grade Bonny Light emerged on Friday while some more Angolan Published 20 Jul, 2018 04:09pm
Energy Saudi Arabia crude exports fall to 6.984mn bpd in May Saudi Arabia's crude oil exports in May fell to 6.984 million barrels per day from 7.312 bpd a month earlier, offici Published 18 Jul, 2018 11:54am
Middle East Africa Energy Iran to Saudi: OPEC deal does not give the right to pump oil above target DUBAI: Iran's oil minister told his Saudi Arabian counterpart that last month's OPEC supply pact does not give membe Published 16 Jul, 2018 12:11pm
Energy Libya's National Oil Corporation reopens El Feel oilfield TUNIS: Libya's National Oil Corporation (NOC) said on Thursday that it was reopening the El Feel oilfield after reso Published 12 Jul, 2018 01:40pm
Energy Saudi refinery exports first gasoline barrels to US NEW YORK: A refinery in Saudi Arabia has shipped its RBOB gasoline to the United States for the first time, a potent Published 11 Jul, 2018 03:50pm
Energy Libya's oil output more than halved since February TUNIS: Libya's national oil production fell to 527,000 barrels per day (bpd) from a high of 1.28 million bpd in Febr Published 09 Jul, 2018 12:51pm
Energy Africa Crude-Global outages support diffs, but supply remains generous LONDON: Unplanned outages around the world boosted offers for both Angolan and Nigerian cargoes, but traders said the We Published 03 Jul, 2018 08:42pm
Energy Saudi says ready to pump more oil to balance market RIYADH: Saudi Arabia, the world's top crude exporter, said on Tuesday it was prepared to use its spare production ca Published 03 Jul, 2018 02:16pm
Energy Kuwait to raise oil output by 85,000 bpd: minister RIYADH: Kuwait will raise oil output by 85,000 barrels per day (bpd)starting on Sunday, part of an agreement between Published 30 Jun, 2018 03:45pm
Energy Libya's oil output down to 315,000 bpd as exports blocked LONDON: Libya's oil production has been reduced to 315,000 barrels per day (bpd) as storage tanks at Hariga and Zuei Published 30 Jun, 2018 03:39pm
Middle East Africa Energy Kuwait, Saudi to resume production from Neutral Zone fields soon DUBAI: Kuwait's energy minister said on Tuesday production from jointly operated oilfields in the Neutral Zone share Published 26 Jun, 2018 11:55am
Energy Libya to restart exports after 'full control' of oil crescent BENGHAZI: Military strongman Khalifa Haftar's forces announced Monday their "full control" of Libya's oil crescent after Published 25 Jun, 2018 07:02pm
Energy OPEC agrees ouput rise of 'about' 1mn barrels: Saudi Vienna: OPEC members have agreed on a combined increase in crude oil output of one million barrels per day, the oil mini Published 22 Jun, 2018 10:16pm
Energy Defusing row, OPEC agrees to output rise VIENNA: OPEC energy ministers on Friday said they would be putting more oil onto the market to meet "extra demand", reac Published 22 Jun, 2018 08:47pm
Energy OPEC agrees ouput rise of 'about' 1mn barrels VIENNA: OPEC members have agreed on a combined increase in crude oil output of one million barrels per day, the oil Published 22 Jun, 2018 01:50pm
Energy Iraqi oil ministry says OPEC should be careful before altering output deal BAGHDAD: OPEC oil producers should be careful before altering its deal on production levels so output does not excee Published 22 Jun, 2018 12:57pm
Energy Nigeria's Nembe Creek Trunk crude pipeline shut since June 8 LONDON: Nigeria's Nembe Creek Trunk crude oil pipeline has been closed for three days for repair work, operator Aiteo sa Published 11 Jun, 2018 03:32pm
Middle East Africa Energy OPEC, non-OPEC to focus on measures to balance oil market ALGIERS: OPEC and non-OPEC producers will focus at a Vienna meeting this month on measures to balance the oil market, Al Published 07 Jun, 2018 02:56pm