Energy Libya lowers June Es Sider crude price by 15 cents LONDON: Libya's National Oil Corporation (NOC) said on Thursday it has lowered the June official selling price (OSP) on Published 17 May, 2012 11:51am
Energy Oil falls on euro zone, WTI at six-month low LONDON: Oil prices slid with world shares and the euro on Wednesday as investors fled from riskier assets, while a surpr Published 16 May, 2012 09:38am
Energy Oil prices diverge amid European, US data LONDON: World oil prices diverged Tuesday as dealers balanced better-than-expected eurozone economic growth figures and Published 15 May, 2012 05:38pm
Energy Oil slides on euro zone, China fears LONDON: Oil fell sharply on Monday, extending recent heavy losses, as mounting political uncertainty in Greece and worry Published 14 May, 2012 11:54am
Energy IEA sees oil demand firming as OPEC boosts supply PARIS: The International Energy Agency (IEA) raised slightly its outlook for growth of oil demand this year but warned o Published 11 May, 2012 09:32am
Energy Oil slips on Greece worry, strong supply LONDON: Brent crude oil slipped below $112 on Wednesday, on track for its longest losing streak in nearly two years, as Published 09 May, 2012 01:08pm
Energy Med Crude-Azeri oil exports to rise in June LONDON: Azeri Light crude oil exports from the Turkish port of Ceyhan will rise in June versus May after deferral of som Published 08 May, 2012 07:19pm
Europe Energy Oil falls below $113 on slowdown, higher output LONDON: Brent crude oil fell below $113 a barrel on Tuesday in a fifth day of losses as economic slowdown on both sides Published 08 May, 2012 11:15am
Energy Oil falls below $113 on Europe polls, weak US data LONDON; Oil dropped to four-month lows below $113 a barrel on Monday, on worries that election results in Europe could t Published 07 May, 2012 01:13pm
Energy Rosneft strikes $2.5 billion Arctic deal with Statoil MOSCOW: Russia's state oil champion Rosneft struck a $2.5 billion Arctic exploration deal Saturday with Norway's Statoil Published 05 May, 2012 02:39pm
Energy Rosneft, Statoil agree to develop Russia's offshore deposits MOSCOW: Russia's Rosneft and Norwegian Statoil have agreed to jointly develop deposits in Russia's energy rich Barents a Published 05 May, 2012 05:10am
Energy Oil slips to around $115; set for steep weekly fall LONDON: Oil slipped to around $115 per barrel on Friday, ahead of a US payrolls report, and was set for its steepest wee Published 04 May, 2012 01:17pm
Energy Oil prices extend losses before key US payrolls data LONDON: Oil prices slid on Friday as traders awaited crucial US payrolls figures which will shed further light on the ec Published 04 May, 2012 11:34am
Energy Oil falls below $118, economy weighs LONDON: Oil prices fell again on Thursday, slipping below $118 a barrel after steep losses a day earlier were triggered Published 03 May, 2012 11:59am
Europe Energy Oil prices rise on strong US manufacturing data LONDON: Oil prices rose Tuesday on robust US manufacturing data, while trading was muted owing to May Day holidays in ma Published 01 May, 2012 08:06pm
Energy West Africa Crude-Demand slow for Nigeria's June cargoes GENEVA: Some Nigerian cargoes were sold for early June but most were already committed to Asian buyers via tenders and t Published 01 May, 2012 06:44pm
Energy Oil holds near $119; China offsets US, Europe LONDON: Oil hovered around $119 a barrel on Tuesday as economic expansion in China helped counter a sluggish US economy Published 01 May, 2012 11:49am
Energy Brent slips, holds above $119 on stimulus hopes LONDON: Brent crude prices slipped but held above $119 per barrel on Monday as the prospect of a third round of liquidit Published 30 Apr, 2012 12:12pm
Energy China offers Russia "new model of cooperation" on gas MOSCOW: China has offered Russia a "new model of cooperation" in the natural gas sphere and hopes to start talks based o Published 28 Apr, 2012 10:21pm
Energy Petroplus says investor appeal may delay delisting ZURICH: Insolvent oil refiner Petroplus cautioned that the swift delisting of its shares may hit a snag if the appeal of Published 28 Apr, 2012 09:46am
Energy Shell Q1 profit rises on higher oil LONDON: Royal Dutch Shell beat forecasts with an 11 percent rise in fourth-quarter profit, as higher oil prices outweigh Published 26 Apr, 2012 06:54am
Energy MOL says rejects Nabucco gas pipeline's 2012 budget BUDAPEST: Hungarian oil group MOL has not approved the 2012 budget of Nabucco International Company (NIC) which is prepa Published 24 Apr, 2012 07:08pm
Europe Energy Oil prices narrowly mixed after losses LONDON: World oil prices traded narrowly mixed on Tuesday after starting the week with losses as traders balanced econom Published 24 Apr, 2012 06:22pm
Energy Brent dips towards $118 on euro zone concern LONDON: Brent crude slipped towards $118 on Tuesday due to weak demand amid the delicate state of the euro zone economy. Published 24 Apr, 2012 01:04pm
Energy Oil slides below $118 on euro zone worries LONDON: Oil fell below $118 a barrel on Monday, pressured by concern over the euro zone debt crisis, although supply wor Published 23 Apr, 2012 11:43am
Energy Russia open to more oil exploration partnerships WASHINGTON: Russia's vice premier is dropping hints he would welcome greater international cooperation to explore for oi Published 21 Apr, 2012 08:06pm
Energy Oil rises on risk outlook, Spain auction awaited LONDON: Crude oil prices gained on Thursday, ahead of a closely watched Spanish bond auction, bouncing from a two-month Published 19 Apr, 2012 08:37am
Energy Brent below $118 as euro zone, dollar weigh LONDON: Brent crude futures slipped below $118 on Wednesday as a stronger dollar and fears about the euro zone weighed o Published 18 Apr, 2012 11:19am
Energy Oil edges towards $119, US price strengthens LONDON: Brent crude edged towards $119 a barrel as news of a major pipeline reversal that will alleviate a large US bott Published 17 Apr, 2012 03:55pm
Europe Energy Wintershall discovers oil in North Sea OSLO: BASF subsidiary Wintershall has found oil about 17 kilometres southwest of the Gjoa field in the North Sea, the No Published 16 Apr, 2012 07:10am