Energy Saudi energy minister says oil market on ‘right track’ ABU DHABI: Saudi Arabia's Energy Minister Khalid al-Falih said on Sunday the oil market is "on the right track" and Published 13 Jan, 2019 02:41pm
Energy Abu Dhabi awards Eni, PTTEP consortium two offshore exploration blocks in licensing round ABU DHABI: Abu Dhabi National Oil Co. (ADNOC) said on Saturday it awarded a consortium formed by Italy's Eni and Thailan Published 12 Jan, 2019 07:39am
Energy UAE energy minister expects average oil price of $70 in 2019 ABU DHABI: United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday he expects an average oil price of $ Published 12 Jan, 2019 07:28am
Energy U.S. official says not to grant more waivers on Iran oil sanctions ABU DHABI: U.S. Special Representative for Iran Brian Hook said on Saturday Washington was not looking to grant any more Published 12 Jan, 2019 07:24am
Energy OPEC is not the enemy of the US, UAE minister says ABU DHABI: The Organization of Petroleum Exporting Countries is not the enemy of the United States, United Arab Emirates Published 12 Jan, 2019 07:20am
Energy Saudi cuts domestic price for Octane 95 by 0.02 riyal RIYADH: Saudi Arabia is cutting the local price for Octane 95 gasoline to 2.02 riyal per litre from 2.04 last quarter an Published 11 Jan, 2019 08:48pm
Energy Saudi Arabia vows to slash oil exports after price slide RIYADH: OPEC kingpin Saudi Arabia said Wednesday it would slash its oil exports by 800,000 barrels per day in January an Published 09 Jan, 2019 07:18pm
Middle East Africa Energy Saudi to slash oil exports after price slide: minister RIYADH: OPEC kingpin Saudi Arabia will slash its oil exports in January by 10 percent compared to November, its ener Updated 09 Jan, 2019 05:23pm
Energy Saudi Arabia to announce slight rise in oil, gas reserves after audit RIYADH: Saudi Arabia is expected to announce a slight rise in its crude oil and gas reserves after being independently a Published 09 Jan, 2019 08:44am
Energy Libya's oil revenue rose to $24.4bn in 2018: NOC CAIRO: Libya's oil revenue rose to $24.4 billion in 2018, up 78 pct from 2017, Libya's National Oil Corporation (NOC) sa Published 06 Jan, 2019 10:38pm
Energy Libya suspends oil exports due to bad weather LONDON: Libya's oil exports have been suspended as bad weather conditions forced the OPEC country to shut all its ex Published 03 Jan, 2019 12:56pm
Energy Iraq's oil exports rise to 3.73mn bpd in December: oil ministry BAGHDAD: Iraq's oil exports averaged 3.726 million barrels per day (bpd) in December, a significant increase from th Published 02 Jan, 2019 01:25pm
Energy Iraq's Kirkuk oil exports to stay restricted BAGHDAD: Exports from Iraq's northern Kirkuk oilfields to the Turkish port of Ceyhan will stay at between 80-90,000 Published 26 Dec, 2018 11:40am
Energy NOC head and Libyan PM agree new plan to protect fields TRIPOLI: Libya's National Oil Corporation chairman Mustafa Sanalla and the country's internationally recognised Prime Mi Published 24 Dec, 2018 07:48pm
Middle East Africa Energy OPEC will hold extra meeting if output cuts ‘not enough’ KUWAIT: OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the c Published 24 Dec, 2018 12:28pm
Energy Oil producers to have extra meeting if output cuts ‘not enough’: UAE KUWAIT: If an agreed cut in oil output by 1.2 million barrels per day is not enough to balance the market, OPEC and Published 23 Dec, 2018 03:37pm
Energy Oil market likely to rebalance early 2019: OPEC ministers KUWAIT CITY: Oil ministers from leading OPEC nations said Sunday they expect prices will arrest their recent slide a Published 23 Dec, 2018 02:11pm
Energy OPEC to release country quotas for oil output cut DUBAI: Oil producer group OPEC plans to release a table detailing output cut quotas for its members and allies such Published 20 Dec, 2018 10:58am
Energy Aramco will double gas production and availability over 10 years RIYADH: Saudi Arabia's oil giant Aramco will double its production and availability of gas over the next 10 years, energ Published 19 Dec, 2018 12:08pm
Energy ADNOC, Cepsa award engineering contract to Spain's Tecnicas Reunidas DUBAI: State energy giant Abu Dhabi National Oil Company (ADNOC) and oil firm Cepsa have awarded a contract to design a Published 18 Dec, 2018 12:56pm
Energy Libya NOC declares force majeure on El Sharara oilfield, El Feel stays open TRIPOLI: Libya's National Oil Company (NOC) has declared force majeure on operations at the country's largest oilfield, Published 18 Dec, 2018 12:20pm
Energy Kuwait's National Petroleum plans new oil refinery DUBAI: Kuwait National Petroleum Co. plans a new oil refinery, to be built in southern Kuwait, the country's oil ministr Published 16 Dec, 2018 03:30pm
Middle East Africa Energy Qatar Petroleum signs deal with Italy's ENI for stake in Mexican oilfields DOHA: Qatar Petroleum (QP) signed on Sunday an agreement with Italy's ENI to buy a stake in three offshore oilfields in Published 16 Dec, 2018 12:32pm
Energy Qatar's private sector grew almost 6pc in 2018 despite oil price volatility DOHA: Qatar's private sector grew by almost 6 percent in 2018 despite volatile oil prices, its finance minister said on Published 15 Dec, 2018 12:11pm
Energy Iran will not reduce oil output, to stay in OPEC: Zanganeh DUBAI: Iranian Oil Minister Bijan Zanganeh said on Thursday that his country has no plans to reduce its oil production, Published 13 Dec, 2018 03:21pm
Energy OPEC exit frees Qatar from U.S. legal concerns DUBAI/DOHA: Even before taking over Qatar's energy policy in a government reshuffle last month, Qatar Petroleum (QP) CEO Published 13 Dec, 2018 08:10am
Energy OPEC and non-OPEC output deal to be signed in three months: UAE minister ABU DHABI: A deal to cut oil production by OPEC and non-OPEC countries will be signed in three months' time in Saudi Ara Published 10 Dec, 2018 03:57pm
Energy UAE's ADNOC to cut Jan crude nominations following OPEC pullback DUBAI: State-run Abu Dhabi National Oil Company (ADNOC) has informed its customers of a cut in its crude oil nominations Published 10 Dec, 2018 01:03pm
Energy ADNOC awards 4pc interest in onshore concession to China ZhenHua DUBAI: Abu Dhabi's ADNOC awarded China ZhenHua a 4 percent stake in its onshore oil concession, previously held by CEFC Published 09 Dec, 2018 01:38pm
Middle East Africa Energy Saudi oil exports seen down 1 million bpd in Jan from Nov levels VIENNA: Saudi Arabia's crude oil exports are expected to drop next month by some 1 million barrels per day (bpd) fro Published 08 Dec, 2018 11:45pm
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees