Energy Forties dips to four-week low discount LONDON: North Sea Forties crude oil differentials came under heavy selling pressure on Tuesday with a deal done below da Published 12 Jun, 2012 06:22pm
Energy No need for OPEC ceiling change: Iran VIENNA: OPEC should not raise its oil output ceiling when it meets on Thursday, Iran's OPEC governor told Reuters on Tue Published 12 Jun, 2012 11:04am
Energy Oil down on global impact of eurozone crisis LONDON: Crude oil futures fell below $98 a barrel on Tuesday, extending losses due to fears that the euro zone debt cris Published 12 Jun, 2012 10:41am
Energy Europe May oil inventories fall, refiners cut runs LONDON: Inventories of European crude and oil products fell further in May, figures from industry monitor Euroilstock sh Published 12 Jun, 2012 10:39am
Energy Turkey to buy oil from Libya after reducing Iranian imports ANKARA: Turkey has struck a one-million-ton oil supply deal with Libya after reducing imports of Iranian crude under pre Published 12 Jun, 2012 08:36am
Energy UK oil refinery workers disrupt supply of fuel PURFLEET: Workers from Britain's Coryton oil refinery marched on a fuel terminal in the southeast of the country on Mond Published 11 Jun, 2012 01:48pm
Energy OPEC chief hints at action to reduce oil glut VIENNA: OPEC's president signalled on Monday it could act to reduce a glut of oil that has knocked the price down toward Published 11 Jun, 2012 12:13pm
Europe Energy Oil climbs above $100 on Spanish banks rescue, Iran LONDON: Brent crude oil rose above $100 on Monday after a weekend rescue package for Spanish banks calmed fears of an im Published 11 Jun, 2012 09:24am
Energy Oil prices spike after Chinese rate cut LONDON: Oil prices rebounded on Thursday after a decision by China's central bank to slash its key rate for the first ti Published 07 Jun, 2012 12:51pm
Energy Oil rises toward $100 on US data, eyes ECB LONDON: Oil rose toward $100 a barrel on Wednesday as supportive economic and crude stocks data from the United States o Published 06 Jun, 2012 08:32am
Energy Brent crude falls further on bleak data, off lows LONDON: Brent crude extended losses after weak US and Chinese economic data fanned fears of economic slowdown and lower Published 04 Jun, 2012 02:30pm
Energy Russia's May oil output edges up to 10.34mn bpd MOSCOW: Russian oil output, the world's largest, inched up 0.1 percent to 10.34 million barrels per day (bpd) in May fro Published 02 Jun, 2012 07:29am
Energy Russia's May oil output edges up to 10.34mn bpd MOSCOW: Russian oil output, the world's largest, inched up 0.1 percent to 10.34 million barrels per day (bpd) in May fro Published 02 Jun, 2012 07:29am
Energy BP ready to sell Russian joint venture LONDON: British energy giant BP on Friday said it was ready to offload its stake in troubled Russian joint venture TNK-B Published 01 Jun, 2012 03:07pm
Europe Energy Brent oil price slumps under $100 LONDON: Brent oil prices sank under $100 a barrel on Friday for the first time in eight months, hit by weak Chinese data Published 01 Jun, 2012 12:08pm
Energy Oil sinks below $100 on economy, demand worries LONDON: Oil fell below $100 a barrel on Friday for the first time since October 2011 as weak manufacturing data from Chi Published 01 Jun, 2012 11:47am
Energy Brent oil price slumps to eight-month low under $100 LONDON: Brent oil prices sank under $100 per barrel here on Friday for the first time in eight months, hit by weak Chine Published 01 Jun, 2012 09:46am
Energy Oil up near $104, but eyes worst month in 2-year LONDON: Oil edged up near $104 on Thursday as buyers moved back in after Wednesday's heavy sell off, but continuing nerv Published 31 May, 2012 10:35am
Energy Oil falls on Spain, China worries LONDON: Brent crude oil fell below $106 per barrel on Wednesday as fears intensified about the future of Spain's banks, Published 30 May, 2012 10:52am
Energy Saudi boosts OPEC output despite price drop LONDON: OPEC oil output in May has hit its highest since 2008 as Saudi Arabia kept rates high despite a drop in prices a Published 29 May, 2012 07:01pm
Energy Oil prices fall on Spain concerns LONDON: Oil prices fell Tuesday on Spain's debt and banking woes, while losses were capped by the prospect of a disrupti Published 29 May, 2012 06:50pm
Energy Mideast crude tanker rates fall on softer sentiment LONDON: Crude oil tanker earnings on the major Middle East route softened on Tuesday as slower enquiry and growing avail Published 29 May, 2012 06:46pm
Europe Energy Kuwait to take $500mn stake in UK North Sea LONDON: Kuwait's state oil firm will pay around $500 million for a stake in a North Sea oil field owned by oil and gas e Published 29 May, 2012 05:43pm
Energy Spain's Repsol plans to invest 19.1 bn euros in 2012-16 MADRID: Spanish oil giant Repsol said Tuesday it plans to invest 19.1 billion euros ($24 billion) over the next four yea Published 29 May, 2012 07:59am
Energy Brent crude oil rises above $107 on Greece, Iran LONDON: Brent crude oil rose above $107 per barrel on Monday as fears of a euro zone break-up receded but Middle East oi Published 28 May, 2012 12:34pm
Energy Brent crude gains, outlook still negative LONDON: Brent crude oil gained on Friday, supported by a lack of progress in nuclear negotiations with Iran, returning t Published 25 May, 2012 09:32am
Energy Oil prices rebound on bargain hunting LONDON: Oil prices rebounded slightly on Thursday as investors went bargain hunting after New York crude slumped below $ Published 24 May, 2012 04:36pm
Energy Brent edges up toward $108, Greece weighs LONDON: Oil prices edged higher on Monday, climbing back towards $108 per barrel in a reaction to heavy losses last week Published 21 May, 2012 01:22pm
Energy Copper up but Greek contagion fears weigh LONDON: Copper extended gains on Monday as investors saw value in a metal that fell to four-month lows last week, even a Published 21 May, 2012 01:14pm
Europe Energy Oil prices rebound slightly on Middle East tensions LONDON: Oil crept higher Monday, rebounding from last week's multi-month lows on speculative buying and as concerns resu Published 21 May, 2012 12:38pm