Europe Energy - Markets - Business Recorder

Europe Energy

UK to phase out Russian oil imports by end of 2022

LONDON: Britain will phase out imports of Russian oil and oil products by the end of 2022, Prime Minister Boris...

Published 08 Mar, 2022 10:05pm

Energy

Oil rises on tight inventories, demand worries limit gains

LONDON: Oil prices rose on Tuesday, supported by the prospect of tight inventories across the globe, although the...

Published 16 Nov, 2021 04:37pm

Energy

Algeria suggests bringing forward OPEC+ meeting to June 4

 Algeria's energy minister, Mohamed Arkab, said in the letter that he had held discussions with "some ministers" abo

Published 30 May, 2020 09:08pm

Energy

Oil prices steady, awaiting confirmation of surprise US inventory build

 After tumbling on Wednesday, Brent crude futures were down 0.06%, or 2 cents, at $34.72 a barrel at 1311 GMT after

Published 28 May, 2020 02:31pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

 Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 28 May, 2020 11:05am

Energy

US natgas futures little changed despite lower demand forecasts

 US LNG exports averaged 6.5 bcfd so far in May, down from a four-month low of 8.1 bcfd in April and a record 8.7 bc

Published 27 May, 2020 03:27pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

 Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 27 May, 2020 01:09pm

Energy

UK GAS-Prices fall on increased UKCS flows, reduced gas-for-power demand

 The day-ahead contract was down by 1.00 pence at 9.00 pence per therm by 0746 GMT, while the June contract was 0.65

Published 27 May, 2020 11:29am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

 Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 26 May, 2020 11:28am

Energy

UK GAS-Prices rebound from record lows as Yamal-Europe flows halt

 The within-day gas price was up 3.7 pence at 11.40 p/therm by 0921 GMT. 
 The day-ahead contract was up 1.70 pen

Published 26 May, 2020 10:33am

Energy

UK GAS-UK, Dutch prices plunge as strong wind, weak demand weighs

The day-ahead was down nearly 26pc at 6.50 pence per therm and the June contract was 13pc lower at 8.40 euros/MWh.

Published 22 May, 2020 09:50am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 22 May, 2020 09:43am

Energy

European gas prices hit new lows as demand weakens, supply rises

Producers and system operators are delaying non-essential spring and summer maintenance due to the coronavirus pand

Published 21 May, 2020 03:00pm

Energy

UK GAS-Prices slump on weak demand

The day-ahead contract was 1.25 pence lower at 9.25 pence per therm at 0855 GMT. The within-day contract dropp

Published 21 May, 2020 11:24am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 20 May, 2020 10:55am

Energy

UK GAS-Day-ahead down amid weak demand, oversupply and quiet trade

The system was oversupplied by 8 million cubic metres (mcm) with demand forecast at 173 mcm and flows at 182 mcm/da

Published 20 May, 2020 09:25am

Energy

Yamal LNG on fast boat to China as Northern route melts early

This year's opening is more than a month earlier compared to 2019, when first vessel to go via the route left Yamal

Published 19 May, 2020 03:52pm

Energy

Russia's Transneft, Rosneft in row over oil transport costs

Transneft and Rosneft are headed by allies of Russian President Vladimir Putin and have had a long history of diffe

Published 19 May, 2020 03:32pm

Energy

Oil steady on signs of output cuts but demand concerns weigh

June WTI contract hits 9-week high before Tuesday's expiry No sign of WTI plunge seen at previous month's expi

Published 19 May, 2020 03:19pm

Energy

Poland expects Russia to continue gas transit to Europe

The new mechanism entered into force on May 17 and there is a client who uses the new mechanism. One can assume tha

Published 19 May, 2020 02:08pm

Energy

Germany, Netherlands to sign deal to cooperate on electricity grids

The German and Dutch governments have been in talks on the matter for months but officials say Berlin has not decid

Published 19 May, 2020 01:33pm

Energy

Poland to use more LNG as coronavirus speeds coal's decline

The state-run PGNiG is a shareholder in PGG, Poland's biggest coal producer, which is struggling to survive the imp

Published 19 May, 2020 01:02pm

Energy

German parties end row over on-shore wind turbines, lift solar energy cap

"I'm happy that the parliamentary groups struck an agreement on this issue. This will give renewable energies the n

Published 18 May, 2020 04:15pm

Energy

Brent at one-month high, US oil tops $32 as lockdowns ease

June WTI contract hits 9-week high before Tuesday's expiry No sign of price plunge seen at last expiry Sa

Published 18 May, 2020 04:09pm

Energy

Gazprom starts work on Power of Siberia-2 pipeline to China

MOSCOW: Russian gas giant Gazprom has begun a feasibility study for its Power of Siberia-2 pipeline project that wou

Published 18 May, 2020 03:49pm

Energy

Brent at one-month high, US oil tops $31 as restrictions ease

June WTI contract hits 9-week high before Tuesday's expiry No sign of price plunge seen at last expiry Sa

Published 18 May, 2020 03:04pm

Energy

Oil majors slash output to help Kazakhstan comply with OPEC+ deal

Chevron-led Tengizchevroil (TCO), operator of the giant Tengiz oilfield, said on Friday it would follow Kazakhstan'

Published 15 May, 2020 05:21pm

Energy

Oil back at early April highs as demand shows signs of picking up

West Texas Intermediate (WTI) oil was up $1.06, or 3.85%, at $28.62 a barrel at 1347 GMT, after reaching $28.89, it

Published 15 May, 2020 04:39pm

Energy

Oil rises towards $27 as OPEC+ begins record cut

OPEC-led oil supply cut started on May 1 US crude inventories rise less than expected LONDON: Oil ro

Published 01 May, 2020 12:25pm

Energy

Oil heads for steep weekly slide after coronavirus turmoil

Continental to shut in most of its shale production Kuwait to begin production cuts ahead of May 1 L

Published 24 Apr, 2020 01:11pm

Energy

Oil rises as Trump plans to ease lockdown

Brent rose by 54 cents, or 1.9pc, to $28.36 a barrel by 1133 GMT, and US crude for June was up 4 cents, or 0.2pc, a

Published 17 Apr, 2020 12:50pm

Energy

OPEC says oil market undergoing 'historic shock'

The cartel now forecasts a "historical drop" of around 6.8 million barrels per day (mbd) in average daily demand fo

Published 16 Apr, 2020 03:27pm

Energy

Oil prices recover from sharp losses caused by US stockpile surge

Brent crude was down 19 cents, or 0.7pc, at $27.50 a barrel by 0754 GMT. WTI was up 7 cents, or 0.4pc, at $19.94.

Published 16 Apr, 2020 02:12pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 16 Apr, 2020 12:58pm

Energy

UK GAS-Prompt prices fall on warmer weather, higher wind power output

The day-ahead contract was 0.55 pence lower at 14.60 pence per therm by 0822 GMT. Peak wind generation was for

Published 15 Apr, 2020 01:22pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 15 Apr, 2020 01:08pm

Energy

Oil price strikes 2002 low, as demand set to crash

Shortly after, around 0920 GMT, WTI was down 2.3 percent at $19.66 per barrel and Brent showed a 3.6-percent loss a

Published 15 Apr, 2020 10:42am

Energy

Oil slips as producer cuts fail to banish demand fears

Brent futures fell 25 cents, or 0.8pc, to $31.49 a barrel by 0825 GMT after settling 0.8pc higher on Monday. U

Published 14 Apr, 2020 11:11am

Energy

UK GAS-Prices rise on colder weather, lower LNG supplies

The gas system was undersupplied by around 6 million cubic metres (mcm), with demand forecast at 227 mcm and flows

Published 14 Apr, 2020 11:05am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 14 Apr, 2020 11:03am

Energy

Russia's oil output down to 11.24 million bpd on April 1-12

Average oil production in Russia last month was at 11.29 million bpd. The energy ministry did not immediately

Published 13 Apr, 2020 01:56pm

Energy

Oil prices broadly shrug off output cut as demand worries weigh

Brent crude futures were up 14 cents, or 0.4%, at $31.62 a barrel by 1108 GMT, after opening at a session high of $

Published 13 Apr, 2020 01:45pm

Energy

OPEC+ oil deal lifts rouble but raises economic concerns

Oil prices ended Thursday's trade lower before a market holiday on Good Friday, with Brent, a global benchmark for

Published 10 Apr, 2020 01:40pm

Energy

IEA chief hopes G20 meeting will restore stability to oil markets

I hope that it will help restore some much-needed stability to oil markets," Birol said in a statement on Friday.

Published 10 Apr, 2020 01:07pm

Energy

Oil prices rise on hopes OPEC+ will agree supply cuts

Brent crude futures were up 4.9%, or $1.60, at $34.44 a barrel as of 1115 GMT after hitting a high of $34.83 early

Published 09 Apr, 2020 11:47am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 08 Apr, 2020 03:12pm

Energy

UK GAS-Prices rise as wind power dips, stronger oil boosts curve

Traders said the market remains fundamentally weak but expectations of higher demand for gas from power plants as w

Published 07 Apr, 2020 01:30pm

Energy

Oil rises as hopes build for global production cut

Worldwide oil demand has dropped by as much as 30pc, coinciding with moves by Saudi Arabia and Russia to flood mark

Published 07 Apr, 2020 11:50am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 06 Apr, 2020 04:28pm

Energy

UK GAS-Prices mixed amid oversupply, lower wind power forecasts

Britain's gas system was oversupplied by 8.8 million cubic metres (mcm) with demand forecast at 195.9 mcm and flows

Published 06 Apr, 2020 01:23pm

Energy

Oil falls after Saudi Arabia, Russia delay meeting

Brent crude fell more than $3 when Asian markets opened but recovered some ground, with traders hopeful that a deal

Published 06 Apr, 2020 11:08am

Energy

Brent crude rises above $32 on hopes of oil output deal

Brent soared as much as 47pc on Thursday for its highest intraday percentage gain on record. Russia and Saudi

Published 03 Apr, 2020 01:15pm

Energy

Oil rises as Trump talks up Saudi-Russia truce, recession fears limit gains

Benchmark Brent, which rose as much as 11pc in early trade, was up 7.6pc at $26.63 a barrel at 1330 GMT, while US c

Published 02 Apr, 2020 02:23pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 02 Apr, 2020 01:06pm

Energy

UK GAS-Prices rise on undersupplied market

The within-day contract was 1.20 pence higher at 18.50 pence per therm by 0905 GMT. Liquefied natural gas send

Published 02 Apr, 2020 12:52pm

Energy

Oil jumps as Trump talks up truce hopes for Saudi-Russia price war

US crude stockpiles rose 13.8 million barrels in their biggest weekly increase since 2016, and analysts expected st

Published 02 Apr, 2020 12:42pm

Energy

Oil falls towards $25 as oversupply fears mount with US inventory rise

Pledges of higher output from Saudi Arabia and Russia after a supply pact collapsed and a slide in demand due to th

Published 01 Apr, 2020 12:45pm

Energy

US natgas little changed as higher oil prices offset lower demand forecast

The amount of gas flowing to US LNG export plants eased to 9.1 bcfd on Monday from 9.3 bcfd on Sunday, according to

Published 31 Mar, 2020 03:35pm

Energy

UK GAS-Prompt prices fall, within-day drops to 2009 low

The within-day contract fell by 2.10 pence to 18.40 pence per therm by 1046 GMT, its lowest level since Oct. 2009.

Published 31 Mar, 2020 01:09pm

Energy

Oil rises after 18-year lows prompt US-Russia talks plan

Brent crude was up 87 cents, or 3.8pc, at $23.63 a barrel by 1106 GMT after closing on Monday at $22.76, its lowest

Published 31 Mar, 2020 12:50pm

Energy

US crude dips below $20 as lockdowns wipe out demand

The international benchmark for oil prices, was down $2.08, or 8.3pc, at $22.85 by 1127 GMT, after earlier dropping

Published 30 Mar, 2020 02:27pm

Energy

Italy's API suspends oil refinery output as coronavirus hits demand

"The depot will continue to operate and to provide products to the area," the spokesman added. LONDON: I

Published 27 Mar, 2020 08:45pm

Energy

Russian oil hold-up threatens Belarus price deal

Two of the sources said that Safmar received a right to export up to 300,000 tonnes of oil to Belarus over April-Ju

Published 27 Mar, 2020 07:05pm

Energy

UK GAS-Prices fall on rising Norwegian supplies, wind power output

The day-ahead contract was down 1.0 pence at 19.00 pence per therm by 0842 GMT. Total LNG send-out is nominate

Published 27 Mar, 2020 12:34pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 27 Mar, 2020 12:27pm

Energy

Oil mixed on stimulus hopes and demands fears

Brent crude was on track for its fifth consecutive weekly drop. By 1029 GMT, it was down 39 cents, or 1.5pc, at $25

Published 27 Mar, 2020 11:32am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 26 Mar, 2020 11:46am

Energy

Oil falls as sinking demand outweighs stimulus hopes

West Texas Intermediate (WTI) crude futures fell 79 cents, or 3.1pc, to $23.70 a barrel. The US Senate on Wedn

Published 26 Mar, 2020 11:33am

Energy

UK GAS-Day-ahead up on colder weather, lower wind forecasts

The day-ahead contract was 0.50 pence higher at 22.15 pence per therm at 0914 GMT. Temperatures are expected t

Published 25 Mar, 2020 02:40pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 25 Mar, 2020 02:37pm

Energy

Oil prices fall as demand woes eclipse US stimulus

Brent crude was down 45 cents, or 1.66pc, at $26.70 per barrel at 1029 GMT after earlier rising to a high of $28.29

Published 25 Mar, 2020 12:29pm

Energy

Russia to boost April oil exports as wrestles Saudi for market share

The plans to increase production and boost overseas supplies follow the collapse early this month of a supply-cut p

Published 25 Mar, 2020 12:11pm

Energy

Oil jumps 3pc towards $28 on Fed steps to support economy

The expected stimulus pushed the US dollar lower against other currencies. A weaker dollar tends to support the pri

Published 24 Mar, 2020 03:38pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 24 Mar, 2020 01:41pm

Energy

UK GAS-Day-ahead price edges higher with wind power output set to dip

Peak wind power generation is forecast at 11.3 gigawatts (GW) on Tuesday, falling to 8.9 GW on Wednesday. Gas

Published 24 Mar, 2020 11:55am

Energy

Oil jumps 5pc to over $28 on Fed steps to support economy

The Fed on Monday rolled out an array of programmes including backing for the first time corporate bond purchases.

Published 24 Mar, 2020 11:25am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 23 Mar, 2020 11:25am

Energy

UK GAS-Prompt prices fall on weak demand, oversupply

Peak wind generation is forecast to remain above normal levels at around 11.3 gigawatts (GW) both on Monday and Tue

Published 23 Mar, 2020 10:37am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 20 Mar, 2020 01:22pm

Energy

UK GAS-Prices fall on higher LNG send-out, Norwegian flows

Gas for immediate delivery fell by 2.00 pence to 23.00 pence per them by 0853 GMT. The system was oversupplied

Published 20 Mar, 2020 01:09pm

Energy

Oil gains as governments pile on the economic stimulus

U.S. crude futures for April rose $2.23 to $27.45. The front-month contract expires later on Friday. The more

Published 20 Mar, 2020 12:16pm

Energy

Oil prices set for biggest weekly drop since 2008

Oil prices bounce 7% on hopes of economic stimulus Analysts slash 2020 oil price forecasts - survey Virus

Published 13 Mar, 2020 01:23pm

Energy

Oil slides by 4pc after Russia rejects steeper OPEC+ cut

OPEC aims to cut output by extra 1.5 mln bpd to end-2020 Wants non-OPEC producers to contribute 500,000 bpd cu

Published 06 Mar, 2020 01:37pm

Energy

Oil up on slowing pace of coronavirus, Venezuela sanctions

Brent was up by 81 cents at $58.56 a barrel by 1309 GMT. The Organization of the Petroleum Exporting Countries

Published 19 Feb, 2020 01:58pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 19 Feb, 2020 10:34am

Energy

UK GAS-Prompt prices mixed amid LNG delays, milder weather forecast

Britain's gas system was undersupplied by 25.2 million cubic metres (mcm), with demand forecast at 279.3 mcm and su

Published 19 Feb, 2020 09:56am

Energy

Oil drops below $57 on coronavirus impact and OPEC+ delay

OPEC+ has shown no sign yet of reacting to the virus-related slump in demand by making additional production cuts.

Published 18 Feb, 2020 01:46pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 18 Feb, 2020 09:57am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 17 Feb, 2020 10:55am

Energy

UK GAS-Prices mixed amid subdued trading

UK gas system was 23.3 million cubic metres (mcm) undersupplied, with demand expected at 262.2 mcm and supply at 23

Published 17 Feb, 2020 10:27am

Energy

Oil prices steady as coronavirus-related demand concerns weigh

Brent crude was at $57.29 a barrel, down 5 cents by 0946 GMT after rising 5.2pc last week, the biggest weekly gain

Published 17 Feb, 2020 10:24am

Energy

Oil prices rise more than 1pc, on course for weekly gain

U.S. West Texas Intermediate (WTI) was 70 cents or 1.4pc higher at $52.12 a barrel, up 3.6pc for the week. The

Published 14 Feb, 2020 01:48pm

Energy

UK GAS-Prices fall as storm Dennis boosts wind power

The within-day contract was down 0.80 pence at 20.70 p/therm by 0858 GMT. The March gas price at the Dutch TTF

Published 14 Feb, 2020 10:39am

Energy

Oil prices steady, on course for weekly gain

Brent crude was up 6 cents or 0.1pc at $56.40 a barrel by 0911 GMT, and has risen 3.4pc since last Friday, its firs

Published 14 Feb, 2020 10:30am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 14 Feb, 2020 10:23am

Energy

COVID-19 causing first drop in oil use in decade: IEA

"Global oil demand has been hit hard by the novel coronavirus (COVID-19) and the widespread shutdown of China's eco

Published 13 Feb, 2020 10:29am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 13 Feb, 2020 09:38am

Energy

OPEC says coronavirus to trim 2020 oil demand, weighs output cut

OPEC said 2020, demand for its crude will average 29.30 million barrels per day (bpd), 200,000 bpd less than previo

Published 12 Feb, 2020 04:14pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 12 Feb, 2020 02:00pm

Energy

UK GAS Prices mostly decline on high wind output

The day-ahead contract was 0.17 pence lower at 22.03 pence per therm by 0913 GMT. Gas for immediate delivery r

Published 11 Feb, 2020 10:59am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 11 Feb, 2020 10:41am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 10 Feb, 2020 12:31pm

Energy

UK GAS Prices fall on soaring wind power, looming LNG supply

The within-day contract was down 0.75 pence at 22.00 p/therm by 0926 GMT. Six more LNG tankers were added to N

Published 10 Feb, 2020 11:43am

Energy

Oil slips on weaker Chinese demand, traders await OPEC+ cuts

Brent crude slipped to $54.23 a barrel by 0945 GMT, down 24 cents or 0.4pc. U.S. West Texas Intermediate fell

Published 10 Feb, 2020 11:21am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 07 Feb, 2020 10:44am

Energy

UK GAS Prices fall as soaring wind power curbs demand

Peak wind power generation is forecast at 12.7 gigawatts (GW) on Friday and 13.3 GW on Saturday, Elexon data showed

Published 07 Feb, 2020 10:21am

Energy

UK GAS Prices plunge as weak LNG prices add pressure to oversupplied market

China National Offshore Oil Corp (CNOOC) has declared force majeure on prompt LNG deliveries from at least three su

Published 06 Feb, 2020 12:14pm

Energy

Oil rises for a second day as OPEC+ weighs coronavirus action

U.S. West Texas Intermediate (WTI) futures gained 69 cents to $51.44 a barrel after rising 2.3pc on Wednesday.

Published 06 Feb, 2020 10:52am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 06 Feb, 2020 10:46am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 05 Feb, 2020 10:57am

Energy

UK GAS Prompt prices rise on colder weather, lower wind output

Gas supply was robust, however, with flows from Norway increasing by 10 mcm day-on-day to 78 mcm on Wednesday, Gass

Published 05 Feb, 2020 09:50am

Energy

Oil jumps 3pc on reports of effective coronavirus drug

Brent crude oil futures were up $1.76, or 3.2pc, at $55.72 a barrel by 0919 GMT. U.S. West Texas Intermediate

Published 05 Feb, 2020 09:48am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 04 Feb, 2020 10:24am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 03 Feb, 2020 12:28pm

Energy

UK GAS Prices fall as LNG and Norwegian supplies increase

The day-ahead contract fell by 0.10 pence to 25.00 pence per therm by 0940 GMT. Liquefied natural gas (LNG) se

Published 03 Feb, 2020 10:25am

Energy

Oil falls as coronavirus hits Chinese crude demand

U.S. West Texas Intermediate (WTI) crude fell 5 cents to $51.51 a barrel, after earlier hitting a session low of $5

Published 03 Feb, 2020 10:20am

Energy

UK GAS Prices decline due to weaker demand and oversupply

Milder weather has reduced heating demand and strong wind output is forecast which reduces demand from gas-to-power

Published 31 Jan, 2020 11:46am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 31 Jan, 2020 10:58am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 30 Jan, 2020 11:41am

Energy

UK GAS Milder weather puts more pressure on prices

The day-ahead contract was down 0.70 pence at 25.50 p/therm by 0930 GMT. Wind generation is robust, which usua

Published 30 Jan, 2020 10:40am

Energy

Oil rises as markets wait on virus impact and U.S. stockpiles fall

Brent crude rose 45 cents, or 0.8pc, to $59.96 a barrel by 1150 GMT. U.S. crude was up 33 cents, or 0.6pc, at

Published 29 Jan, 2020 01:19pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 29 Jan, 2020 12:10pm

Energy

UK GAS Prices fall as temperatures turn warmer and wind power rises

The within-day contract was down 1.00 pence at 27.75 p/therm by 0845 GMT. The day-ahead contract was down 1.40

Published 29 Jan, 2020 11:18am

Energy

Oil rises as markets wait on virus impact, U.S. stocks fall

Brent crude rose 66 cents, or 1.1pc, to $60.17 a barrel by 0951 GMT. U.S. crude was up 62 cents, or 1.2pc, at

Published 29 Jan, 2020 10:51am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 28 Jan, 2020 11:05am

Energy

UK GAS Prices rise on cold weather demand, LNG supply drop

The within-day contract rose 0.45p to 28.25 p/therm by 0920 GMT. The UK gas system was 22.4 million cubic metr

Published 28 Jan, 2020 10:22am

Energy

Oil rout extends to sixth day as China virus death toll rises

Saudi and other OPEC producers, however, sought to downplay demand concerns resulting from the virus outbreak.

Published 28 Jan, 2020 10:16am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 27 Jan, 2020 10:58am

Energy

Oil drops below $60 as China virus drives demand concern

Brent crude fell by $1.79 a barrel, or 2.95pc, to $58.90 by 0903 GMT, its lowest since late October. The losse

Published 27 Jan, 2020 10:34am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 24 Jan, 2020 11:35am

Energy

Oil slips to $62, heads for weekly loss on China virus concerns

China is the world's second-largest oil consumer so any slowdown in travel would show up on demand forecasts.

Published 24 Jan, 2020 10:36am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 22 Jan, 2020 11:55am

Energy

UK GAS Falling demand drags prompt prices down

Gas-for-power demand is expected to drop significantly over the weekend due to a rise in wind generation. Liqu

Published 22 Jan, 2020 10:55am

Energy

Oil slides as IEA surplus forecast overshadows Libya disruption

Brent crude was down 43 cents, or 0.7pc, at $64.16 a barrel at 0941 GMT. The head of the IEA, Fatih Birol, sai

Published 22 Jan, 2020 10:44am

Energy

Oil market shrugs off Libya crisis

Brent crude was down 92 cents at $64.28 a barrel by 1016 GMT, having risen to its highest in more than a week on Mo

Published 21 Jan, 2020 01:19pm

Energy

Oil rises as Libyan oilfields shut down

Brent crude was up 41 cents, or 0.6pc, at $65.26 by 1116 GMT, having earlier touched $66 a barrel. The West Te

Published 20 Jan, 2020 12:12pm

Energy

Russia and Ukraine finalise gas transit deal just before deadline

About 18 percent of the European Union's annual natural gas consumption comes from Russia via Ukraine, which put pr

Published 31 Dec, 2019 12:29pm

Energy

Bulgaria to get Russian gas supplies via TurkStream

New route via the TurkStream pipeline would be more economically viable and could result in around a 5% decrease in

Published 30 Dec, 2019 12:11pm

Energy

Oil prices fall as Russia touts easing OPEC+ output

Russia says OPEC+ may consider easing output cuts, Kuwait-Saudi Neutral Zone dispute nears resolution Hopes of

Published 23 Dec, 2019 12:52pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 19 Dec, 2019 11:47am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 18 Dec, 2019 01:39pm

Energy

UK GAS-Weakening gas demand drives prompt prices down

Temperatures across Britain are expected to average above the season's norm in the next two days. Gas demand f

Published 18 Dec, 2019 11:40am

Energy

Oil falls as U.S. inventories rise but demand hopes stem bigger drop

U.S. crude inventories climbed 4.7 million barrels in the week to Dec. 13 to 452 million. Data from the U.S. E

Published 18 Dec, 2019 11:31am

Energy

UK GAS-Prompt gas prices rise on lower LNG supplies, rising demand

The average temperature in Britain is expected at 3.8 degrees Celsius on Tuesday. Gas for power generation was

Published 17 Dec, 2019 03:09pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 17 Dec, 2019 12:24pm

Energy

Oil edges further above $65 on trade hopes, supply cuts

The prolonged trade dispute has been a dampener for oil demand and weighed on prices. Banks including JP Morga

Published 17 Dec, 2019 11:53am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 16 Dec, 2019 11:00am

Energy

UK GAS Prompt prices rise on undersupply, LNG supply dip

The within-day contract was up 1.50 pence at 32.75 p/therm by 0925 GMT. The temperatures were 0.4 degrees and

Published 16 Dec, 2019 10:33am

Energy

Oil prices near three month highs on U.S.-China trade deal

Brent crude oil futures rose 17 cents or 0.3pc to $65.39 a barrel by 0940 GMT. Amid rising U.S. oil output, en

Published 16 Dec, 2019 10:08am

Energy

UK GAS Prompt prices fall as temperatures turn warmer

The within-day contract was down 2.50 pence at 33.50 p/therm by 0915 GMT. The January gas price at the Dutch T

Published 13 Dec, 2019 12:36pm

Energy

Oil hits 3-month high as trade hopes, UK election lift sentiment

U.S. sources said on Thursday that Washington has set its terms for a trade deal with Beijing. The alliance, k

Published 13 Dec, 2019 12:00pm

Energy

Oil prices rise on OPEC deficit forecast

OPEC and others including Russia agreed last week to rein in output by an extra 500,000 bpd in the first quarter of

Published 12 Dec, 2019 02:14pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 11 Dec, 2019 01:52pm

Energy

Oil prices drop as trade war concerns haunt market

Crude prices have fallen this week as a Dec. 15 deadline for the next round of US tariffs on Chinese imports loomed

Published 10 Dec, 2019 11:55am

Energy

UK GAS Prices fall as traders expect Russia-Ukraine transit deal

UK market is also pressured by a busy arrival schedule of liquefied natural gas (LNG) tankers. Current deal be

Published 10 Dec, 2019 11:46am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 10 Dec, 2019 11:34am

Energy

UK GAS Prompt prices rise as system heavily undersupplied

The day-ahead gas price at the Dutch TTF hub was down 0.60 euro at 13.60 euros per megawatt hour. The undersup

Published 09 Dec, 2019 11:05am

Energy

Oil prices slip as weak China exports highlight trade war impact

The price drops also put an end to a strong run in previous sessions fuelled by hopes for the OPEC+ production curb

Published 09 Dec, 2019 10:59am

Energy

OPEC agrees oil output cuts after much 'brain squeezing'

World oil prices surged in response, with US benchmark WTI and its European counterpart Brent both rising two perce

Published 06 Dec, 2019 08:20pm

Energy

Oil dips as OPEC weighs deeper output cuts

Brent crude futures were down 14 cents, or 0.22pc, to $62.86 a barrel at 0845 GMT. Oil prices surged on Wednes

Published 05 Dec, 2019 11:12am

Energy

OPEC and allies prepare to deepen oil output cuts

OPEC+ has curbed supply since 2017 to counter booming output from the United States. The current cuts expire i

Published 05 Dec, 2019 11:02am

Energy

UK GAS Warming temperatures push British gas prices lower

The LNG (liquefied natural gas) arrival rate and current storages status ensure sendout will remain high. Aver

Published 05 Dec, 2019 10:35am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 04 Dec, 2019 01:07pm

Energy

Oil rises 1pc before OPEC meeting to discuss output pact

Oil prices are being held back by the uncertainty over prospects for a trade deal between the United States and Chi

Published 04 Dec, 2019 11:23am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Updated 13 Jan, 2020 11:09pm

Energy

Oil higher as Saudi pushes for further supply cuts

OPEC ministers will meet in Vienna on Thursday and the wider OPEC+ group will gather on Friday. While OPEC may

Published 03 Dec, 2019 10:57am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 02 Dec, 2019 02:14pm

Energy

Oil jumps above $61 on talk of further OPEC+ supply curbs

OPEC's ministers will meet in Vienna on Thursday and the wider OPEC+ group will gather on Friday. The so-calle

Published 02 Dec, 2019 01:29pm

Energy

Turkey and Azerbaijan mark completion of TANAP pipeline to take gas to Europe

TANAP comprises the longest stretch of the $40 billion Southern Gas Corridor, a series of pipelines that will carry

Published 30 Nov, 2019 08:15pm

Energy

OPEC November oil output slips before Aramco IPO, policy meeting

Saudi oil output edges lower after Oct recovery, Nigeria still exceeds quota by largest margin Angolan output

Published 29 Nov, 2019 08:30pm

Energy

Russia's Gazprom posts 45pc fall in Q3 net profit on lower export prices, volumes

Gazprom, the world's top conventional gas producer, said its total sales were 1.6 trillion roubles in the third qua

Published 29 Nov, 2019 11:48am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 29 Nov, 2019 11:13am

Energy

UK GAS Prompt prices rise as temperatures turn cooler

The day-ahead gas price at the Dutch TTF hub was up 0.65 euro at 16.25 euros per megawatt hour. Peak wind powe

Published 29 Nov, 2019 10:47am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 28 Nov, 2019 01:16pm

Energy

UK GAS Most prices edge lower on expectation of milder cold spell

The within-day contract dropped 0.45 pence to 41.25 p per therm by 0940 GMT. Gas-for-power demand is also expe

Published 28 Nov, 2019 12:59pm

Energy

Oil falls as US rights bill fuels tensions with China

Brent crude was down 26 cents, or 0.4pc, at $63.80 a barrel by 1038 GMT. West Texas Intermediate crude fell 27

Published 28 Nov, 2019 11:23am

Energy

UK GAS Prices edge up as supplies, temperatures dip

The day-ahead contract moved 0.35 pence higher to 41.20 pence per therm by 0845 GMT. November's LNG imports to

Published 27 Nov, 2019 11:21am

Energy

Oil steadies as trade optimism counterweighs U.S. stockpile build

Oil had risen for the last two days on expectations that China and the United States. The producers, known as

Published 27 Nov, 2019 10:37am

Energy

Oil firms as optimism returns to US-China trade talks

The international benchmark for oil prices, was up 20 cents at $63.85 at 0958 GMT. The call took place amid he

Published 26 Nov, 2019 01:38pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 26 Nov, 2019 11:49am

Energy

UK GAS Prices mixed as chill due to set in later in week

Britain's LNG imports are set to triple this year compared to 2018 due to a surge in LNG production globally.

Published 25 Nov, 2019 11:14am

Energy

UK GAS Prices rise as storage withdrawals, LNG supplies fall

The within-day contract rose 0.75 pence to 43.00 pence per therm at 0845 GMT. The day-ahead contract was yet t

Published 22 Nov, 2019 11:48am

Energy

UK GAS Prices rise as supplies from LNG terminals drop

Traders said send-out from many from some of the country's LNG terminals was much lower on Thursday. The day-a

Published 21 Nov, 2019 11:07am

Energy

Oil drops as US-China standoff extends beyond trade

The Organization of the Petroleum Exporting Countries meets on Dec. 5 in Vienna. US President Donald Trump is

Published 21 Nov, 2019 10:40am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Those likely to perform ship-to-s

Published 20 Nov, 2019 01:26pm

Energy

Oil prices extend losses on supply, trade war fears

Crude inventories in the United States rose by 6 million barrels last week to 445.9 million. U.S. crude demand

Published 20 Nov, 2019 01:13pm

Energy

UK GAS Prompt falls due to milder weather; strong wind power, LNG feed demand

Gas for within-day delivery was 0.25 pence lower at 39.50 pence/therm. Strong power generation from wind turbi

Published 20 Nov, 2019 01:08pm

Energy

Russian 2019 oil output seen at 11.17-11.25mn bpd

Russia, which is part of a global deal to curb oil production, will aim to stick to its commitments under the deal

Published 20 Nov, 2019 12:07pm

Energy

Oil prices little changed amid concerns about rising supplies

IEA sees major challenge to OPEC+ oil demand in 2020 Prospects rise for extension of OPEC+ cuts White Hou

Published 15 Nov, 2019 02:09pm

Energy

Oil prices creep higher on tentative US-China hopes

Iranian Oil Minister was quoted as saying that he expects further production cuts to be agreed at the next meeting

Published 04 Nov, 2019 12:55pm

Energy

Oil falls on weak Chinese industrial data

Brent crude down 23 cents, or 0.4%, at $61.79 a barrel by 1147 GMT, having gained more than 4% last week, its best

Published 28 Oct, 2019 12:47pm

Energy

Oil prices steady, on track for large weekly gain

US crude stocks fell unexpectedly last week OPEC and allies consider deeper oil cuts Weak economic outloo

Published 25 Oct, 2019 12:20pm

Energy

Oil slips below $61 as weak demand outlook weighs

US crude inventories register surprise drop Sentiment dented by economic outlook Prospects of further act

Published 24 Oct, 2019 11:03am

Energy

Oil slips as US stocks rise; prospect of OPEC action supports

US crude stocks rose by 4.5 mln bbls - API, OPEC, allies to mull deeper production cuts. Weak demand growth

Published 23 Oct, 2019 12:03pm

Energy

Oil rises on optimism about prospects for a US-China deal

China says progress made in trade talks with United States US crude stockpiles seen higher for sixth week - po

Published 22 Oct, 2019 11:50am

Energy

Oil prices fall as global demand concerns grow

China seeks $2.4 billion in sanctions against US Russia reports oil output above OPEC+ quota in September

Published 21 Oct, 2019 12:50pm

Energy

Oil ticks up as rising crude stocks are offset by products demand

Oil prices rose slightly on Friday as concern over an economic slowdown in China, the world's biggest oil consumer.

Published 18 Oct, 2019 03:06pm

Energy

UK GAS prices decline on lower consumption forecasts

The November gas contract was 0.50 p lower at 41.50 p/therm. The UK gas system was balanced on Thursday with d

Published 17 Oct, 2019 11:10am

Energy

Oil slips further below $59 on weaker economic outlook

The global benchmark, slipped 16 cents to $58.58 a barrel by 0850 GMT. OPEC, Russia and other producers have a

Published 16 Oct, 2019 11:47am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Tankers heading for Belgium and Britain may be loading at the terminal. Often revised by port authorities and

Published 16 Oct, 2019 11:33am

Energy

Rosneft sees 2019 oil and gas output at last year's levels

OPEC restrictions.So we will act under instructions from the energy ministry. MOSCOW: Russian oil producer Ro

Published 15 Oct, 2019 12:04pm

Energy

Oil prices fall nearly 2pc on China data, trade war jitters

"The oil market saw sharp losses as the first steps taken by the U.S. and China were seen with caution" The U.

Published 15 Oct, 2019 11:28am

Energy

Putin discussed oil prices with Saudi leaders

Vladimir Putin had discussed oil prices with Saudi King Salman. A substantial exchange of opinions took place,

Published 14 Oct, 2019 07:35pm

Energy

UK GAS-Prompt prices jump as gas for power demand rises

The UK gas system was undersupplied with demand forecast at 209.5 million cubic metres (mcm) and supplies seen at 2

Published 14 Oct, 2019 12:40pm

Energy

Oil falls due to caution over first phase of U.S.-China trade deal

The oil market is taking a cautious stance as to what comes next given that the thorny issues of industrial policy.

Published 14 Oct, 2019 11:20am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. The following liquefied natural

Published 14 Oct, 2019 10:44am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 10 Oct, 2019 01:45pm

Energy

OPEC oil production drops after attacks on Saudi installations

The OPEC oil cartel saw its crude production fall in September. The Organization for the Petroleum Exporting C

Published 10 Oct, 2019 01:37pm

Energy

UK GAS Prices down on strong wind output, LNG supply

Liquefied natural gas (LNG) send-out is expected to be higher than previously forecast for this month. Peak wi

Published 10 Oct, 2019 11:19am

Energy

Nigeria lands higher oil output target in OPEC+ cut deal

The country's allocation was increased to 1.774 million barrels per day (bpd) from 1.685 million bpd at the last OP

Published 09 Oct, 2019 01:11pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 09 Oct, 2019 11:22am

Energy

UK GAS-Prices fall on more supply, high winds

Gas-for-power demand is low at 40 mcm compared to levels of between 50 and 60 mcm last week. Peak wind generat

Published 09 Oct, 2019 11:03am

Energy

Russia's Rosneft tenders to sell diesel and marine gasoil for delivery in 2020

The default payment currency is the euro. The tenders will close on Nov. 25 at 2200 Moscow time (1900 GMT).

Published 09 Oct, 2019 10:11am

Energy

Russia forecasts oil price at $50

One of the world's biggest energy producers, is basing its economic forecasting on an oil price of $50 per barrel.

Published 08 Oct, 2019 04:13pm

Energy

UK GAS-Prices rise on reduced Norway flows and cooler weather

Lower gas imports from Norway and expected colder weather were behind the rise in British gas prices. Prices r

Published 08 Oct, 2019 10:47am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas tankers are expected to arrive in Britain, Belgium and the Netherlands in the c

Published 08 Oct, 2019 10:17am

Energy

Oil climbs on Iraq and Ecuador unrest, regional tensions

"Oil prices could be in for a sustained rally if the (U.S.) tariffs were to be put on hold indefinitely, which coul

Published 08 Oct, 2019 09:43am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in

Published 07 Oct, 2019 01:10pm

Energy

UK GAS-Prices fall as high wind power output, milder weather curb demand

British wholesale gas prices fell on Monday morning as strong output from the country's wind farms and forecasts fo

Published 07 Oct, 2019 12:24pm

Energy

Oil prices up as U.S.-China trade talks loom, supply issues mount

Oil prices were up on Monday, buoyed by hopes of progress in U.S.-China trade talks and supported by challenges to

Published 07 Oct, 2019 10:42am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in

Published 04 Oct, 2019 12:40pm

Energy

GAS Prices rise due to undersupply, lower Norway flows

Gas prices rose on Friday morning as the system was undersupplied due to reduced Norwegian flows and injections int

Published 04 Oct, 2019 12:11pm

Energy

BP chief executive Dudley stepping down

BP said Friday that Chief Executive Bob Dudley. BP clocked up vast losses on clean-up and compensation costs a

Published 04 Oct, 2019 10:58am

Energy

UAE's ADNOC offers LNG cargo for Nov loading

Abu Dhabi National Oil Co has offered a liquefied natural gas (LNG) cargo for loading at its Das Island plant in No

Published 03 Oct, 2019 12:45pm

Energy

Oil slips further below $58 as economic gloom weighs

Oil slipped further below $58 a barrel on Thursday, pressured by concerns about global economic growth. "It is

Published 03 Oct, 2019 12:29pm

Energy

Russia's Rosneft seeks euros for all new export deals

Russia's Rosneft has set the euro as the default currency for all its new export contracts including for crude oil,

Published 03 Oct, 2019 12:05pm

Energy

Venezuela says wants to double oil production next year

Venezuela, the biggest exporter of oil in South America. Venezuela is home to the largest proven oil reserves

Published 03 Oct, 2019 11:01am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming we

Published 03 Oct, 2019 09:49am

Energy

GAS Prices fall on higher Norwegian flows, strong wind power output

Gas prices fell on Wednesday as an increase in imports from Norway and strong wind power generation left the market

Published 02 Oct, 2019 12:18pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming we

Published 02 Oct, 2019 12:07pm

Energy

Oil prices mixed ahead of U.S. crude stocks data

Oil prices were mixed on Wednesday as Brent crude extended losses partly in response to weak global stock markets.

Published 02 Oct, 2019 11:38am

Energy

Russia's Lukoil sells rare Arctic crude oil to China

Russia, the world's second-largest oil producer, has been exploring ways to ship more of its crude from the country

Published 02 Oct, 2019 11:14am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. The following liquefied natural g

Published 01 Oct, 2019 12:47pm

Energy

Oil drops as Saudi eyes non-military solution to Iran crisis

Oil prices fell more than one percent Monday after Saudi Arabia's de facto leader said war with Iran would destroy

Published 30 Sep, 2019 12:30pm

Energy

Russia's Rosneft opens new offshore oil deposit near Sakhalin

Rosneft said on Monday it had opened a new offshore oil deposit after exploratory drilling at its East Pribrezhny

Published 30 Sep, 2019 11:15am

Energy

Oil steady as trade optimism rises but Saudi supply weighs

"The oil market has seemingly returned to business as usual," Crude futures were pressured by sluggish economi

Published 26 Sep, 2019 01:15pm

Energy

Saudi Aramco restores oil output earlier than expected

The attacks initially sent oil prices up 20pc although they dropped soon after as the kingdom pledged to bring back

Published 25 Sep, 2019 12:59pm

Energy

Oil prices fall due to weak economic data, Saudi output recovery

Oil prices remain at comparatively elevated levels for the year in the wake of the Sept. 14 attack on Saudi Arabia'

Published 24 Sep, 2019 02:23pm

Energy

Prompt prices climb slightly on higher gas-for-power demand

British prompt wholesale gas prices edged up on Tuesday morning. The rise was limited due to full storage and

Published 24 Sep, 2019 09:55am

Energy

GAS prices Prompt prices edge higher on undersupply

Britain's gas system was undersupplied with demand forecast at 159.1 million cubic metres (mcm) and flows seen at 1

Published 23 Sep, 2019 11:08am

Energy

GAS prices Prompt prices slip as strong wind power curbs demand

"Low gas for power demand is the main generator of physical oversupply," France is a net power exporter in Eur

Published 20 Sep, 2019 12:25pm

Energy

Oil extends declines after Saudi pledge to restore lost output

Saudi Arabia to restore oil output by Sept 30 -energy minister US says it believes Saudi attack came from sout

Published 18 Sep, 2019 11:57am

Energy

Oil sinks 5pc on forecasts of quick Saudi output recovery

North Sea Brent crude oil for delivery in November was trading at $65.35 in London, a drop of 5.35 percent compared

Published 17 Sep, 2019 03:04pm

Energy

Prices fall as supply risks diminish

The British gas system was slightly undersupplied on Tuesday. The oil market also remains on high alert to the

Published 17 Sep, 2019 09:54am

Energy

Oil up 10pc on Saudi attacks, stockpile hopes pare early gains

Brent, WTI rise to highest since May Brent posts biggest percentage gain since 1991 Gulf crisis Attack on

Published 16 Sep, 2019 01:57pm

Energy

OPEC says too early for any action on oil after Saudi attacks

UAE says it's still early for emergency OPEC meeting. Non-Saudi OPEC spare capacity mostly in UAE, Kuwait -IEA

Published 16 Sep, 2019 11:25am

Energy

Day-ahead price up on strong oil, within-day falls

The British gas system was slightly undersupplied, with demand forecast. Gas prices rose on colder weather and

Published 16 Sep, 2019 11:23am

Energy

Oil soars after Saudi supply shock, stocks slide

Brent rallies on fears of global supply disruption. Stocks slip, safe-haven gold and Japanese yen rise.

Published 16 Sep, 2019 11:18am

Energy

Oil slips towards $60 on demand worries, despite trade hopes

Brent crude heads for 1st weekly loss in five IEA, OPEC see oil surplus in 2020 Trump doesn't rule out in

Published 13 Sep, 2019 12:03pm

Energy

Oil prices fall after OPEC+ talks, ECB rate cut

IEA says balancing market in 2020 will be "daunting". No discussion of deeper OPEC+ cuts before Dec - Saudi.

Published 12 Sep, 2019 01:50pm

Energy

OPEC urges further production restraint

PARIS: The OPEC oil cartel urged continued production restraint Wednesday, saying output gains are still expected to

Published 11 Sep, 2019 12:07pm

Energy

Europe Gasoline/Naphtha-Margins rise slightly after ARA, US stocks draw

LONDON: Northwest European gasoline refining margins rose slightly on Thursday following sharp drops in ARA and US inven

Published 05 Sep, 2019 07:51pm

Energy

Oil trader Vitol sees softer oil price in short term

LONDON: The chief executive of the world's biggest oil trader, Vitol, told Reuters he expects a weaker oil price in

Published 05 Sep, 2019 01:23pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 04 Sep, 2019 08:56pm

Energy

Europe Gasoline/Naphtha-Margins weaken as exports slow

LONDON: Northwest European gasoline refining margins dropped on Wednesday to their lowest since late June at $6.3 per ba

Published 04 Sep, 2019 08:50pm

Energy

Oil prices rise over 1 percent, but economic worries loom

LONDON: Oil prices rose on Wednesday, boosted by a wider market pickup on positive news from China's services sector

Published 04 Sep, 2019 02:55pm

Energy

Oil drops 2pc as trade war rumbles on and output swells

LONDON: Oil prices fell by 2% on Tuesday, weighed down by rising OPEC and Russian oil output as well as the protract

Published 03 Sep, 2019 12:31pm

Energy

UK GAS-Prompt prices plunge to multi-year lows on over supply

LONDON: British wholesale gas prices plunged on Monday due to a surge in supply and lower than expected demand, accelera

Published 02 Sep, 2019 09:29pm

Energy

Europe Gasoline/Naphtha-Margins tick up to just under $10/bbl

LONDON: Northwest European gasoline refining margins rose on Monday, helped by lower crude prices. Iranian oil produc

Published 02 Sep, 2019 09:14pm

Energy

Prices plunge on strong oversupply

LONDON: British wholesale gas prices plunged on Monday morning due to strong oversupply caused by a supply jump and lowe

Published 02 Sep, 2019 10:28am

Energy

Russian oil output highest since March, tops cap target

MOSCOW: Russian oil production <C-RU-OUT> in August rose to 11.294 million barrels per day (bpd), topping the rate

Published 02 Sep, 2019 07:17am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 30 Aug, 2019 08:03am

Energy

Gazprom's Baltic LNG project needs state support: Russian PM

MOSCOW: Gazprom's new chemical and liquefied natural gas project in the Baltic port of Ust-Luga will be impossible to bu

Published 29 Aug, 2019 08:04pm

Energy

Europe Distillates-Diesel cracks gain after ARA stocks draw

LONDON: Benchmark northwest European diesel refining margins rose slightly on Thursday after a small decline in regional

Published 29 Aug, 2019 08:03pm

Energy

Europe Gasoline/Naphtha-Margin dips on weaker arbitrage

LONDON: Northwest European gasoline refining margins dipped slightly on Thursday on slowing arbitrage to the United Stat

Published 29 Aug, 2019 07:10pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 28 Aug, 2019 08:28am

Energy

Diesel cracks slip on higher crude prices

LONDON: Benchmark northwest European diesel refining margins fell on Tuesday, pressured by rising oil prices.

Diese

Published 27 Aug, 2019 07:55pm

Energy

Oil rises as hopes grow for US-China trade breakthrough

LONDON: Oil prices rose on Tuesday after US President Donald Trump predicted a trade deal with China after positive

Published 27 Aug, 2019 01:06pm

Energy

Ukraine winter season gas reserves rise to 17.8 bcm

KIEV: Ukraine had stored 17.8 billion cubic metres (bcm) of gas by Aug. 25, as the country looks to stockpile at least 2

Published 27 Aug, 2019 09:12am

Energy

Oil rises on hopes of easing US-China trade tension

LONDON: Oil prices rose on Monday after the United States and China both suggested they could ease up in a trade war

Published 26 Aug, 2019 12:32pm

Energy

Oil prices slides 3pc as US-China trade war escalates

NEW YORK: Oil prices fell nearly 3% on Friday after China unveiled retaliatory tariffs against about $75 billion worth o

Published 23 Aug, 2019 07:22pm

Energy

Oil prices steadies as markets await Fed steer

LONDON: Oil prices steadied on Friday, on track for a weekly gain, with attention focused on a speech by U.S. Federal Re

Published 23 Aug, 2019 09:10am

Energy

Europe Distillates-Diesel cracks slip, ARA stocks down

LONDON: Benchmark northwest European diesel refining margins fell on Thursday but a sharp drop in regional stocks capped

Published 22 Aug, 2019 07:25pm

Energy

Oil rises further above $60, Jackson Hole summit in focus

LONDON: Oil rose further above $60 a barrel on Thursday, supported by a drop in US crude inventories and OPEC-led su

Published 22 Aug, 2019 12:58pm

Energy

Norway's oil industry trims 2019 investment forecast

OSLO: Oil and gas companies working in Norway have slightly cut their 2019 investment forecasts since May, a survey by t

Published 22 Aug, 2019 10:14am

Energy

Alberta's smaller oil producers eye output boost after curbs lifted

WINNIPEG: Small and mid-sized Alberta oil producers are looking to increase drilling as early as this autumn after the C

Published 21 Aug, 2019 10:11pm

Energy

Increased external risks fuel German business uncertainty - ministry

BERLIN: The German economy is facing increased headwinds from abroad and this is fuelling business uncertainty, the fina

Published 21 Aug, 2019 10:10pm

Energy

Oil up over 1pc, buoyed by US stock drawdown

LONDON: Crude oil futures rose more than 1% on Wednesday after industry data showed a larger than expected drop in U

Published 21 Aug, 2019 01:02pm

Energy

Prices strengthen as gas field outage extended

LONDON: British wholesale gas prices rose on Wednesday, despite an oversupplied market, as an unplanned outage at a gas

Published 21 Aug, 2019 09:45am

Energy

Oil edges lower, but hopes on easing trade tensions cap losses

LONDON: Oil prices edged lower on Tuesday on persisting concerns over demand, but optimism US-China trade tensions w

Published 20 Aug, 2019 02:37pm

Energy

Prices rise on unplanned outage, lower wind output

LONDON: British wholesale gas prices rose on Tuesday morning due to an unplanned outage at a gas field and lower wind ou

Published 20 Aug, 2019 10:12am

Energy

Oil up after drone attack on Saudi field, but OPEC report caps gains

LONDON: Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as

Published 19 Aug, 2019 02:13pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 19 Aug, 2019 02:10pm

Energy

Prices mixed on oversupply, wind power output

British prompt prices were mixed on Monday morning, with the within-day falling due to an oversupplied system and the da

Published 19 Aug, 2019 10:25am

Energy

Oil rises after drone attack on Saudi field

LONDON: Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as

Published 19 Aug, 2019 09:58am

Energy

Gazprom's gas exports to non-CIS down 4.7pc y/y so far this year

MOSCOW: Russian state gas giant Gazprom said on Friday that its natural gas exports outside the former Soviet Union fel

Published 16 Aug, 2019 02:32pm

Energy

Russia's oil output rises to 11.32 mn bpd in Aug

MOSCOW: Oil production in Russia rose to an average 11.32 million barrels per day (bpd) in the first half of August, Int

Published 16 Aug, 2019 11:47am

Energy

OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus

LONDON: OPEC on Friday provided a downbeat oil-market outlook for the rest of 2019 as economic growth slows and highligh

Published 16 Aug, 2019 11:25am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 16 Aug, 2019 11:18am

Energy

Oil rises 2pc as recession fears

MOSCOW: Crude oil prices rose more than 2pc on Friday, recovering from two days of declines after data showing a rise in

Published 16 Aug, 2019 11:11am

Energy

Prompt prices rise on pending Norwegian maintenance

LONDON: British gas prices rose in early trade on Friday supported by upcoming maintenance in Norway.

Day-ahead gas

Published 16 Aug, 2019 10:34am

Energy

Oil rises 2pc as recession fears recede

MOSCOW: Crude oil prices rose more than 2% on Friday, recovering from two days of declines after data showing a rise in

Published 16 Aug, 2019 10:20am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 15 Aug, 2019 12:21pm

Energy

Oil slips further below $60 on recession concerns, US supply

LONDON: Oil slipped further below $60 a barrel on Thursday, extending the previous session's 3% drop, pressured by mount

Published 15 Aug, 2019 11:44am

Energy

Russia's oil export duty to decline to $90.7/T in Sept

MOSCOW: Russia's oil export duty is expected to fall to $90.7 per tonne in September from $94.1 per tonne in August foll

Published 15 Aug, 2019 11:39am

Energy

Oil deepens slide towards $58 on recession fears, US supply

LONDON: Oil fell 2pc towards $58 a barrel on Thursday, extending the previous session's 3pc drop, pressured by mounting

Published 15 Aug, 2019 11:17am

Energy

Oil prices fall on weak global economic data

LONDON: Oil prices fell on Wednesday on weak global economic data and a rise in US crude inventories, almost erasing the

Published 14 Aug, 2019 04:23pm

Energy

Russia's Rosneft asks buyers for euro payments in naphtha tender

MOSCOW: Russian state oil company Rosneft has for the first time asked buyers to use the euro as the default currency in

Published 14 Aug, 2019 03:35pm

Energy

Oil edges up despite IEA report showing demand growth at decade low

LONDON: Oil prices inched higher on Friday supported by expectations of more OPEC production cuts despite the Internatio

Published 09 Aug, 2019 03:43pm

Energy

Global economic uncertainty threatens oil demand: IEA

PARIS: Concerns over the health of the global economy, marked by the US-China trade dispute, forced the International En

Published 09 Aug, 2019 11:01am

Energy

UK GAS-Prices fall as high wind power depresses demand

British wholesale gas prices fell on Thursday as sharply higher wind power generation weighed on gas-for-power demand in

Published 08 Aug, 2019 12:20pm

Energy

Oil rises due to firm yuan, expectations of more OPEC cuts

LONDON: Oil jumped more than $1 a barrel on Thursday due to expectations that falling prices may lead to production cuts

Published 08 Aug, 2019 12:07pm

Energy

Oil rises due to firm yuan, expectations of more OPEC cuts

LONDON: Oil jumped more than $1 a barrel on Thursday due to expectations that falling prices may lead to production cuts

Published 08 Aug, 2019 11:00am

Energy

Saudi Aramco valuation gap persists as IPO talks resume-sources

LONDON: Saudi Crown Prince Mohammed Bin Salman is insisting on a $2 trillion valuation of oil firm Aramco, even though s

Published 08 Aug, 2019 08:24am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 07 Aug, 2019 12:38pm

Energy

UK GAS-Prices rise as increased IUK exports help lessen oversupply

British wholesale gas prices rose on Wednesday, partly correcting the previous day's losses, as exports through the Inte

Published 07 Aug, 2019 12:02pm

Energy

Oil sets new seven-month low on trade tensions

LONDON: Oil prices slipped further on Wednesday, extending recent heavy losses as deepening Sino-US trade tensions weigh

Published 07 Aug, 2019 11:39am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

T The following liquefied LNG tankers heading to Britain, Belgium and the Netherlandss are expected to arrive in Britain

Published 07 Aug, 2019 06:55am

Energy

Europe Gasoline/Naphtha-Cracks slip, exports pick up

LONDON: Northwest European gasoline refining margins fell on Tuesday amid as several new cargoes were booked out of the

Published 06 Aug, 2019 04:13pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 06 Aug, 2019 12:02pm

Energy

Prices fall in oversupplied market capped by high storage

LONDON: British wholesale natural gas prices fell on Tuesday as weak demand and a slight increase in production led to a

Published 06 Aug, 2019 11:14am

Energy

Oil down more than 1.5pc as trade war concerns hit demand outlook

LONDON: Oil prices fell on Monday on global growth concerns after US President Donald Trump last week threatened China w

Published 05 Aug, 2019 04:06pm

Energy

Papua New Guinea LNG plant offers two cargoes for end Sept-early Oct delivery

LONDON: Exxon Mobil Corp's Papua New Guinea liquefied natural gas (LNG) export plant has offered two cargoes for deliver

Published 05 Aug, 2019 02:32pm

Energy

Oil prices fall as trade war concerns hit demand outlook

LONDON: Oil prices fell on Monday on global growth concerns after US President Donald Trump threatened China with more t

Published 05 Aug, 2019 02:31pm

Energy

Angola LNG offers late Aug-early Sept delivery cargo

LONDON: Angola's liquefied natural gas (LNG) project has offered a cargo for delivery over late August and early Septemb

Published 05 Aug, 2019 01:58pm

Energy

Prices fall as some UK gas fields start to ramp up

LONDON: British wholesale natural gas prices fell on Monday as some domestic fields started to ramp up after maintenance

Published 05 Aug, 2019 10:27am

Energy

Oil prices fall as trade war concerns hit demand outlook

LONDON: Oil prices fell on Monday on renewed global economic growth concerns after US President Donald Trump threatened

Published 05 Aug, 2019 09:51am

Energy

UK GAS-Prices fall as some UK gas fields start to ramp up

LONDON: British wholesale natural gas prices fell on Monday as some domestic fields started to ramp up after maintenance

Published 05 Aug, 2019 09:43am

Energy

Ukraine winter season gas reserves rise to 16.1 bcm

KIEV: Ukraine, which wants to stockpile at least 20 billion cubic metres (bcm) of gas for the 2019/20 heating season, ha

Published 05 Aug, 2019 08:57am

Energy

UK GAS-Prices fall as Norwegian flows increase

LONDON: British wholesale gas prices fell on Friday, partly a correction of the previous day's gains, while an increase

Published 02 Aug, 2019 10:49am

Energy

Oil prices regain ground after plunge on Trump's tariff vow

LONDON: Oil prices rose around 2% on Friday, regaining ground after their biggest falls in years on US President Donald

Published 02 Aug, 2019 10:38am

Energy

LNG traders consider shipping options, betting on winter demand

SINGAPORE: Traders are starting to make enquiries to book vessels to store or ship liquefied natural gas (LNG) as they b

Published 02 Aug, 2019 10:32am

Energy

Prices fall as Norwegian flows increase

LONDON: British wholesale gas prices fell on Friday, partly a correction of the previous day's gains, while an increase

Published 02 Aug, 2019 09:08am

Energy

Rising fuel costs crimp profits at IAG airline group

London: Rising effective fuel costs helped push operating profits lower at British Airways parent company IAG in the fir

Published 02 Aug, 2019 08:43am

Energy

European gas price slump yet to find a floor as inventories burst

LONDON: A protracted decline in European gas prices, which has hurt some energy firms but may prove a boon to buyers, ha

Published 02 Aug, 2019 06:39am

Energy

Oil drops to $64 on Fed outlook, ample supply

LONDON: Oil dropped to around $64 a barrel on Thursday, declining for the first time in six days, after the US Federal R

Published 01 Aug, 2019 03:43pm

Energy

Russia's Rosneft grows in gas filling stations at home

MOSCOW: Russia's biggest oil company Rosneft has increased the number of its domestic gas filling stations by 5pc after

Published 01 Aug, 2019 03:37pm

Energy

Russia's Gazprom non-CIS gas exports down 4.8pc in Jan-July

MOSCOW: Russian state gas giant Gazprom's natural gas exports outside the former Soviet Union declined by 4.8pc to 111.5

Published 01 Aug, 2019 03:16pm

Energy

ARA fuel oil stocks up 19pc

LONDON: Fuel oil stocks in independent storage at the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose ne

Published 01 Aug, 2019 03:11pm

Energy

Iran's crude exports are down, but estimates of how much vary wildly: Russell

LAUNCESTON: Iran's crude oil exports last month were either less than two supertankers' worth, or as much as one of the

Published 01 Aug, 2019 01:00pm

Energy

Oil drops below $65 on Fed outlook, ample supply

LONDON: Oil dropped below $65 a barrel on Thursday, declining for the first time in six days, after the US Federal Reser

Published 01 Aug, 2019 12:55pm

Energy

Shell blames lower energy prices for profit squeeze

LONDON: Energy giant Royal Dutch Shell said Thursday its net profit was halved in the second quarter due to lower oil an

Published 01 Aug, 2019 09:17am

Energy

Libya's biggest oilfield shut, NOC declares force majeure

LONDON: Libya's Sharara oilfield, the country's largest, was forced to shut down after a valve on the pipeline linking i

Published 31 Jul, 2019 03:31pm

Energy

Russia hands Ukrtransnafta 2.3 mln euros in dirty oil compensation - RIA

MOSCOW: Ukrainian pipeline operator Ukrtransnafta said on Wednesday it had received 2.3 million euros ($2.56 million) fr

Published 31 Jul, 2019 02:56pm

Energy

ESPO blend crude oil exports from Kozmino port set to decline by 13pc in Sept/Aug - schedule

MOSCOW: ESPO Blend crude oil <ESPO-DUB> loadings from Russia's Pacific port of Kozmino are set to fall to 2.4 mill

Published 31 Jul, 2019 02:52pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 31 Jul, 2019 08:07am

Energy

Europe Gasoline/Naphtha-Margins receive export lift

LONDON: Northwest European gasoline refining margins firmed on Tuesday, boosted by strong export demand, particularly on

Published 30 Jul, 2019 04:06pm

Energy

Oil prices boosted by expectations of Fed rate cut

LONDON: Oil prices rose for a fourth day on Tuesday on optimism the US Federal Reserve will this week cut interest rates

Published 30 Jul, 2019 01:25pm

Energy

Oil gains on prospect of US interest rate cut

LONDON: Oil prices rose on Monday as the prospect of an expected interest rate cut by the US Federal Reserve overshadowe

Published 29 Jul, 2019 02:16pm

Energy

Russia's Rosneft sells 3 Sept ESPO cargoes to Vitol, ChemChina - sources

SINGAPORE: Russia's Rosneft has sold three cargoes of 740,000 barrels each of September-loading ESPO Blend crude oil at

Published 29 Jul, 2019 12:55pm

Energy

Oil loses ground on pessimism over US-China trade talks

LONDON: Oil prices weakened on Monday amid pessimism over US-China trade talks and the prospect of slower economic growt

Published 29 Jul, 2019 11:26am

Energy

Russia offers to extend Ukraine gas transit deal

MOSCOW: Russia has proposed extending by another year a current gas transit deal with Ukraine, its energy minister s

Published 26 Jul, 2019 08:36pm

Energy

LNG-Asian prices drop on lack of demand to offset oversupply

LONDON: Spot liquefied natural gas (LNG) prices in Asia dropped this week as no substantial demand emerged to offset an

Published 26 Jul, 2019 04:16pm

Energy

Oil on track for weekly gain as Iran tensions support

LONDON: Oil prices rose on Friday and were on track for a weekly increase as geopolitical tensions over Iran remaine

Published 26 Jul, 2019 01:31pm

Energy

Russia wants short-term gas deal with Ukraine before bypass routes done

MOSCOW: Russia wants to strike a short-term deal with Kiev on gas transit to Europe when the current ten-year deal expir

Published 26 Jul, 2019 08:22am

Energy

Eni misses expectations in Q2 as profits drop 27%

MILAN: Italian energy group Eni said its adjusted net profit in the second quarter fell 27% on the year to miss expectat

Published 26 Jul, 2019 06:48am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 25 Jul, 2019 04:06pm

Energy

Surgutneftegaz sells 260,000 T of August-loading Urals crude above dated Brent

MOSCOW: Russia's Surgutneftegaz on Wednesday sold in a spot tender 260,000 tonnes of Urals crude oil for loading from No

Published 25 Jul, 2019 03:23pm

Energy

OPEC+ ministerial panel to meet on Sept. 12

LONDON: A panel of OPEC and non-OPEC ministers which reviews the producers' deal on limiting oil supply will next meet o

Published 25 Jul, 2019 11:54am

Energy

Oil rises on US stock decline, but manufacturing slowdown caps gains

LONDON: Oil prices rose on Thursday amid Middle East tensions and a big fall in US crude stocks, but gains were capped a

Published 25 Jul, 2019 11:01am

Energy

UK GAS-Prices rise as carbon extends gains, temperatures soar

British wholesale gas prices rose on Thursday as carbon extended gains towards 30 euros a tonne, temperatures soared and

Published 25 Jul, 2019 10:49am

Energy

Australia's Ichthys LNG plant offers two cargoes for Aug-Sept loading

LONDON: Australia's Ichthys liquefied natural gas (LNG) plant has offered two cargoes for loading in August and Septembe

Published 24 Jul, 2019 03:41pm

Energy

Russia's Novatek quarterly earnings more than double to $1.1bn

MOSCOW: Russian gas producer Novatek said its net income more than doubled in the second quarter year-on-year to 69.18 b

Published 24 Jul, 2019 01:43pm

Energy

Oil edges up on US stock decline, Mideast tensions

LONDON: Oil prices edged higher on Wednesday, supported by a sharp fall in US crude stocks and tensions over Iran. Br

Published 24 Jul, 2019 12:39pm

Energy

UK GAS-Prices heat up as wind power dips and temperatures soar

LONDON: British wholesale gas prices mostly rose on Wednesday morning, with wind power generation expected to dip while

Published 24 Jul, 2019 10:15am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 24 Jul, 2019 10:01am

Energy

Oil slips to around $63 as Iran concerns fade for now

LONDON: Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East

Published 23 Jul, 2019 01:11pm

Energy

Russia's Gazprom sells Sept-loading ESPO at higher premium

MOSCOW: Russia's Gazprom has sold 740,000 barrels of September-loading ESPO crude at a premium of around $5.50 a barrel

Published 23 Jul, 2019 11:08am

Energy

Oil edges further above $63 on Mideast tensions

LONDON: Oil edged further above $63 a barrel on Tuesday, supported by rising tensions in the Middle East after Iran's se

Published 23 Jul, 2019 11:02am

Energy

Russia's Transneft wants limits set on tainted oil claims

MOSCOW: An upper limit should be set on compensation claims stemming from the contamination of Russian oil, Maxim Grisha

Published 23 Jul, 2019 10:14am

Energy

IEA ready to act quickly to keep oil market supplied

PARIS: The International Energy Agency (IEA) is closely monitoring developments in the Strait of Hormuz and ready to

Published 22 Jul, 2019 07:30pm

Energy

Kremlin proposes moratorium on state support for new oilfields

MOSCOW: Russian President Vladimir Putin proposed the introduction of a moratorium on new state support measures for

Published 22 Jul, 2019 06:10pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 Jul, 2019 02:21pm

Energy

Russian oil output recovers to 11.05mn bpd in July 1-21

MOSCOW: Russian oil output has recovered to around 11.05 million barrels per day (bpd) between July 1 and July 21 from t

Published 22 Jul, 2019 02:17pm

Energy

Oil prices rise more than 1pc after Iran seizes British tanker

LONDON: Oil prices rose on Monday on concerns that Iran's seizure of a British tanker last week may lead to supply disru

Published 22 Jul, 2019 01:16pm

Energy

Middle East Crude-Oman, Russian ESPO rise on China demand

SINGAPORE: Spot premiums for Russian and Omani crude rose on Monday on strong buying interest from China. DME Oman's

Published 22 Jul, 2019 01:15pm

Energy

Oil spikes on Iran tensions, Libya woes

LONDON: Oil prices jumped Monday after Iran seized a British tanker in the Gulf, fuelling fresh concerns about supplies

Published 22 Jul, 2019 11:41am

Energy

Oil rises more than 2pc after Iran seizes British tanker

LONDON: Oil prices rose more than 2% on Monday on concerns that Iran's seizure of a British tanker last week may lead to

Published 22 Jul, 2019 11:02am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 Jul, 2019 10:26am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 19 Jul, 2019 08:45pm

Energy

German Jan-May gas imports rise 17pc, bill rises 16pc

FRANKFURT: Germany imported 17.3pc more gas in the first five months of 2019 than a year earlier and its import bill ros

Published 19 Jul, 2019 07:48pm

Energy

Novatek offers LNG cargo from Rotterdam for Sept 11-12 loading

LONDON: Novatek, which operates the Yamal liquefied natural gas (LNG) production plant in Arctic Russia, has offered an

Published 19 Jul, 2019 07:45pm

Energy

Europe Gasoline/Naphtha-Gasoline margins steady, exports support

LONDON: Northwest European gasoline refining margins were little changed on Friday and remained supported by export dema

Published 19 Jul, 2019 07:25pm

Energy

Europe Distillates-Diesel margins up, barge demand sluggish

LONDON: Benchmark diesel refining margins in northwest Europe rose on Friday but demand in the barge market was slow.

Published 19 Jul, 2019 07:23pm

Energy

Oil rises after US Navy downs Iranian drone; set for weekly fall

LONDON: Oil prices rose on Friday as tensions spiked again in the Middle East after the United States said it had de

Published 19 Jul, 2019 01:00pm

Energy

Prices edge up as Norway gas re-routed to Europe

LONDON: British wholesale gas prices were slightly higher on Friday as Norwegian gas was re-routed to continental Europe

Published 19 Jul, 2019 11:57am

Energy

Four companies vie for Pakistan LNG's multi-year import tender

LONDON/SINGAPORE: Four companies have submitted offers into a 10-year import tender for deliveries of liquefied natural

Published 19 Jul, 2019 09:22am

Energy

Gazprom expects Denmark to approve Nord Stream 2 route in October

MOSCOW: Russian gas producer Gazprom expects Denmark to agree to its route application for the Nord Stream 2 gas pipelin

Published 18 Jul, 2019 09:57pm

Energy

Oil steadies, shrugging off Iran's seizure of tanker in Gulf

LONDON: Oil initially rose more than 1pc on Thursday after Iran said it had seized a foreign tanker in the Gulf, but pri

Published 18 Jul, 2019 09:56pm

Energy

West Africa Crude-Angolan clears as Nigerian programmes emerge

LONDON: The last few Angolan crude cargoes for August loading sold by Thursday as the September preliminary export progr

Published 18 Jul, 2019 06:10pm

Energy

Europe Gasoline/Naphtha-Gasoline margins firm on US demand

LONDON: Northwest European gasoline refining margins rose on Thursday on the back of a still open arbitrage to the Unite

Published 18 Jul, 2019 06:02pm

Energy

Russian oil output back to OPEC deal levels

ST PETERSBURG/MOSCOW: Russia has restored its oil output to levels agreed under a deal between OPEC and non-OPEC oil

Published 18 Jul, 2019 01:54pm

Energy

Oil rises after Iran says it seized foreign tanker in Gulf

LONDON: Oil prices rose about 1% on Thursday after Iran said it had seized a foreign oil tanker in the Gulf amid ris

Published 18 Jul, 2019 01:37pm

Energy

Azeri oil exports fall 18.3pc yr/yr in Q2

BAKU: Azerbaijan exported 4.9 million tonnes of oil in the second quarter of 2019, down from 6 million tonnes in the

Published 18 Jul, 2019 12:49pm

Energy

Oil edges lower after rise in U.S. gasoline stocks

LONDON: Oil edged lower on Thursday, unable to shake off the downbeat mood of the last two days in response to a sharp r

Published 18 Jul, 2019 10:34am

Energy

Europe Distillates-Diesel cracks fall sharply as US stocks rise

LONDON: Benchmark diesel refining margins in northwest Europe fell sharply on Wednesday to around $14.40 a barrel as a r

Published 17 Jul, 2019 07:44pm

Energy

Russia's Transneft, oil firms clash over pipeline system clean-up

MOSCOW: Major Russian oil companies have challenged a plan by Transneft that aims to resolve a problem of tainted oil st

Published 17 Jul, 2019 07:43pm

Energy

Europe Gasoline/Naphtha-Margins slip as US stocks build

LONDON: Northwest European gasoline refining margins fell on Wednesday as a rise in inventories in the United States, a

Published 17 Jul, 2019 07:39pm

Energy

Oil prices regain little ground lost in previous session

LONDON: Oil prices on Wednesday regained little ground lost in the previous session, weighed down by industry data sugge

Published 17 Jul, 2019 10:11am

Energy

Prices extend fall on oversupply after two-week bounce

LONDON: British wholesale gas prices fell on Wednesday, extending this week's losses after a prolonged rise since the st

Published 17 Jul, 2019 09:39am

Energy

Norwegian oil firm Okea's second-quarter profit rises

OSLO: Oil firm Okea on Wednesday reported higher core earnings for the second quarter in its first-published quarterly r

Published 17 Jul, 2019 08:52am

Energy

Premier Oil cuts operating costs forecast, debt reduction on track

LONDON: Britain's Premier Oil on Wednedsay reduced its forecast for its 2019 operating costs to $12 per barrel of oil eq

Published 17 Jul, 2019 07:55am

Energy

Europe Distillates-Diesel cracks fall for third session running

LONDON: Benchmark diesel refining margins in northwest Europe fell for a third consecutive session, dropping about 2pc t

Published 16 Jul, 2019 09:15pm

Energy

Russia's Gazprom gas exports down 5.6pc yr/yr on Jan. 1-July 15

MOSCOW: Russian state gas giant Gazprom's natural gas exports outside the former Soviet Union declined by 5.6pc to 102.8

Published 16 Jul, 2019 09:05pm

Energy

Surgutneftegaz offers 200,000 T of September ESPO Blend

MOSCOW: Russia's Surgutneftegaz issued a spot tender to sell two cargoes of ESPO Blend crude oil loading from Kozmino po

Published 16 Jul, 2019 09:02pm

Energy

Europe Gasoline/Naphtha-Margins slip as refineries restart

LONDON: Northwest European gasoline refining margins fell on Tuesday as refineries on both sides of the Atlantic restart

Published 16 Jul, 2019 08:41pm

Energy

North Sea Crude-Brent, Forties and Oseberg differentials sink

LONDON: North Sea Forties, Brent and Oseberg differentials fell sharply on Tuesday, with Trafigura selling a cargo of Br

Published 16 Jul, 2019 08:40pm

Energy

Oil steadies as US supply concerns ease but Iran tensions loom

LONDON: Oil prices steadied on Tuesday as a resumption of production in the Gulf of Mexico after Hurricane Barry and

Published 16 Jul, 2019 02:14pm

Energy

Freight fuel prices subdued as economy outweighs IMO

LONDON: Refining margins for diesel and gasoil delivered next year are wilting as concerns about a recession-driven

Published 16 Jul, 2019 02:09pm

Energy

Prices fall on increased Norwegian flows, stronger wind expectations

British wholesale gas prices fell on Tuesday morning as rising flows from Norway oversupplied the system, while power pr

Published 16 Jul, 2019 08:21am

Energy

Europe Distillates-Diesel cracks hit by weak demand, heavy imports

LONDON: Benchmark diesel refining margins in northwest Europe fell on Monday, weighed down by weak demand and heavy impo

Published 15 Jul, 2019 08:39pm

Energy

Europe Gasoline/Naphtha-Margins slip as Barry fears blow over

LONDON: Northwest European gasoline refining margins fell on Monday as the threat of Tropical Storm Barry ebbed. Refi

Published 15 Jul, 2019 08:32pm

Energy

Med crude-Urals diffs up in Med, CPC Blend firms on lower supply

MOSCOW: Urals crude oil differentials in the Mediterranean region firmed slightly to dated Brent on Monday, with cargoes

Published 15 Jul, 2019 07:29pm

Energy

Oil prices rise on Chinese economic data

LONDON: Oil prices rose on Monday as Chinese industrial output and retail data topped expectations, though gains wer

Published 15 Jul, 2019 03:27pm

Energy

Oil prices edge higher on Chinese economic data

LONDON: Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gain

Published 15 Jul, 2019 01:09pm

Energy

Prices rise on low wind output, Norwegian flow reduction

LONDON: British wholesale gas prices rose on Monday morning on the back of reduced supply from Norway and low wind outpu

Published 15 Jul, 2019 08:23am

Energy

Turkish Cypriots propose gas cooperation after tensions rise

ISTANBUL: Turkish Cypriots have proposed to the internationally recognised Greek Cypriot government that they cooper

Published 13 Jul, 2019 02:05pm

Energy

Europe Distillates-Diesel cracks slip, lower stocks cap losses

LONDON: Benchmark diesel refining margins in northwest Europe retreated after sharp gains in the previous session, but a

Published 12 Jul, 2019 10:18pm

Energy

Med Crude-Urals diffs unchanged, CPC exports set to drop

MOSCOW: Urals differentials were steady on Friday with no trades, while exports of CPC Blend set to a decline in August

Published 12 Jul, 2019 08:31pm

Energy

Europe gas trade volume on track for another record in 2019

FRANKFURT: European gas trading volumes this year may beat the record 52,604 terawatt hours (TWh) recorded in 2018 d

Published 12 Jul, 2019 12:57pm

Energy

Oil prices edge up on tropical storm and geopolitical tensions

LONDON: Oil prices inched higher on Friday and were on track for a weekly gain as US oil producers in the Gulf of Me

Published 12 Jul, 2019 12:48pm

Energy

Norway's June oil and gas output lags forecast-NPD

OSLO: Norway's oil production fell 28.2% year-on-year in June to 1.067 million barrels per day, lagging the official for

Published 12 Jul, 2019 09:41am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 12 Jul, 2019 09:30am

Energy

Europe Gasoline/Naphtha-Cracks jump as Atlantic basin stocks fall

LONDON: Northwest European gasoline refining margins rose sharply on Thursday, supported by falls in inventories on both

Published 11 Jul, 2019 08:46pm

Energy

OPEC sees lower 2020 demand for its oil, points to surplus

LONDON: OPEC on Thursday forecast world demand for its crude will decline next year as rivals pump more, pointing to

Published 11 Jul, 2019 01:29pm

Energy

Oil at six-week high on Gulf of Mexico storm, Iran tensions

LONDON: Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm

Published 11 Jul, 2019 01:28pm

Energy

Prices rise on trading frenzy while oil up and market undersupplied

British wholesale gas prices rose in busy trde on Thursday, as some traders looked to boost their positions in a market

Published 11 Jul, 2019 11:20am

Energy

Oil at 6-week high on Gulf of Mexico storm, Iran tensions

LONDON: Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, wh

Published 11 Jul, 2019 11:10am

Energy

Oil at six-week high on Gulf of Mexico storm, Iran tensions

LONDON: Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, wh

Published 11 Jul, 2019 10:34am

Energy

Lukoil has fully restored shipments via Druzhba pipeline

MOSCOW: Russian oil company Lukoil has fully restored oil shipments via the Druzhba pipeline, Interfax news agency repo

Published 10 Jul, 2019 08:45pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 10 Jul, 2019 07:36pm

Energy

Europe Gasoline/Naphtha-Cracks gain after draw in US inventories

LONDON: Northwest European gasoline refining margins rose on Tuesday after a draw in US inventories tightened the Atlant

Published 10 Jul, 2019 07:27pm

Energy

Europe Distillates-Diesel differentials tick higher ahead of expiry

LONDON: Diesel differentials in northwest Europe edged higher on Wednesday ahead of the front-month futures expiry on Th

Published 10 Jul, 2019 07:14pm

Energy

West Africa Crude-Angolan cargo deferred, Pertamina tender awarded

LONDON: West African spot trade was muted on Wednesday but differentials were still supported by a spike in gasoline mar

Published 10 Jul, 2019 07:05pm

Energy

Oil gains on US inventory drawdown, Gulf of Mexico storm

LONDON:Oil prices rose more than 2% on Wednesday after industry data showed US inventories fell more than expected a

Published 10 Jul, 2019 01:36pm

Energy

Prices slide after spike driven by short-covering

LONDON: British wholesale gas prices fell on Wednesday, retracing gains of the previous session which had been driven by

Published 10 Jul, 2019 09:38am

Energy

European refiners cut crude intake in June

LONDON: European refineries cut their crude oil processing by 4.8pc in June compared with the same time last year, Euroi

Published 09 Jul, 2019 09:14pm

Energy

Oil edges up as supply concerns offset trade disputes

LONDON: Oil edged further above $64 a barrel on Tuesday as OPEC supply cuts and Middle East tensions countered the US-Ch

Published 09 Jul, 2019 09:03pm

Energy

Europe Gasoline/Naphtha-Cracks gain as transatlantic exports rise

LONDON: Northwest European gasoline refining margins rose on Tuesday as exports on the transatlantic route continued to

Published 09 Jul, 2019 08:25pm

Energy

Europe Distillates-Diesel cracks extend losses on heavy supplies

LONDON Diesel refining margins in northwest Europe fell for a second consecutive session on Tuesday, pressured by rising

Published 09 Jul, 2019 08:21pm

Energy

Oil rises towards $65 as supply concerns outweigh trade disputes

LONDON: Oil rose towards $65 a barrel on Tuesday as OPEC supply cuts and Middle East tensions outweighed the US-Chin

Published 09 Jul, 2019 01:05pm

Energy

Poland could see further Russian oil supply disruptions

GDANSK: There is a risk that Russian oil flows to Poland might be temporarily suspended again due to excessive level

Published 09 Jul, 2019 12:31pm

Energy

Russian output falls to three-year low as oil rivals clash

MOSCOW: Russian oil production fell close to a three-year low in early July, as output was undermined by a row betwe

Published 09 Jul, 2019 12:02pm

Energy

Prices rise on reduced Norwegian imports, low wind generation

British wholesale gas prices rose on Tuesday morning as outages at Norway's Troll field and Nyhamna processing plant red

Published 09 Jul, 2019 10:29am

Energy

Oil slips to $64 as trade disputes outweigh supply concerns

LONDON: Oil slipped to around $64 a barrel on Tuesday after fresh signs the U.S.-China trade dispute is dragging on the

Published 09 Jul, 2019 09:54am

Energy

Russian oil output falls to near 3-yr low in early July - sources

MOSCOW: Russian oil production fell close to a three-year low in early July, to 10.79 million barrels per day (bpd), dra

Published 09 Jul, 2019 09:43am

Energy

Europe Distillates-Diesel cracks dip on expected supply growth

LONDON: Diesel refining margins in northwest Europe declined slightly on Monday, with supplies in the region expected to

Published 08 Jul, 2019 07:41pm

Energy

Russia's Transneft slams Rosneft over tainted oil crisis

MOSCOW: Russian state-owned pipeline monopoly Transneft launched a broadside at Rosneft on Monday, publicly criticising

Published 08 Jul, 2019 07:39pm

Energy

Europe Gasoline/Naphtha-Margins tick down in tepid market but exports give floor

LONDON: Northwest European gasoline refining margins edged lower on Monday in a muted market that produced no deals in t

Published 08 Jul, 2019 07:32pm

Energy

Oil rises amid Iran's new nuclear threats

LONDON: Oil prices firmed on Monday amid tensions over Iran's nuclear programme but gains were tempered by concerns

Published 08 Jul, 2019 03:17pm

Energy

Oil steadies as demand concern counters Middle East tensions

LONDON: Oil prices steadied on Monday as tensions over Iran's nuclear programme were tempered by global economic gro

Published 08 Jul, 2019 01:19pm

Energy

ARA diesel imports hit 1-1/2 year high in June

LONDON: Waterborne June diesel imports into the Amsterdam-Rotterdam-Antwerp refining and storage hub rose to their highe

Published 05 Jul, 2019 08:22pm

Energy

CPC Blend July oil exports revised up to 5.61mn t

MOSCOW: Caspian CPC Blend crude oil exports from the Black Sea's terminal of Yuzhnaya Ozereyevka are revised up to 5.61

Published 05 Jul, 2019 08:19pm

Energy

Brent oil inches up on Iran tensions and OPEC, while US crude falls

LONDON: Brent oil ticked higher on Friday, supported by tensions over Iran and the decision by OPEC and its allies to ex

Published 05 Jul, 2019 07:47pm

Energy

GLOBAL LNG-Asian spot prices drop, outlooks for winter get bearish

LONDON: Spot liquefied natural gas (LNG) prices in Asia tumbled this week after a three-week rise as new supply offers h

Published 05 Jul, 2019 07:44pm

Energy

Arctic sea route opens for the summer with first Yamal LNG cargo

LONDON: A liquefied natural gas (LNG) tanker carrying a cargo from the Yamal LNG plant has spent this week making its wa

Published 05 Jul, 2019 07:43pm

Energy

UK GAS-Prices rise on Norwegian Nyhamna plant outage

LONDON: British wholesale gas prices rose on Friday after news of an extended outage at Norway's Nyhamna gas processing

Published 05 Jul, 2019 07:36pm

Energy

West Africa Crude-East Asian demand perks up as backwardation, freight ease

LONDON: East Asian demand for Angolan oil is recovering slightly after a dismal July loading period as backwardation and

Published 05 Jul, 2019 07:22pm

Energy

Europe Gasoline/Naphtha-Cracks slip, exports support

LONDON: Northwest European gasoline refining margins fell on Friday but remained supported by busy export activity. G

Published 05 Jul, 2019 07:19pm

Energy

Europe Distillates-Diesel cracks slip as inventories, imports rise

LONDON: Diesel refining margins in northwest Europe slipped by 3.6pc to $14.13 a barrel on Friday, weighed by heavy supp

Published 05 Jul, 2019 07:13pm

Energy

Brent inches up on Iran tensions, OPEC; US oil falls on weak data

LONDON: Brent oil ticked higher on Friday, supported by tensions over Iran and this week's decision by OPEC and its

Published 05 Jul, 2019 12:56pm

Energy

Brent crude inches up, U.S. oil falls on weak economic data

LONDON: U.S. benchmark crude prices fell on weak economic indicators on Friday while Brent oil ticked higher, supported

Published 05 Jul, 2019 11:14am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 05 Jul, 2019 10:05am

Energy

UK GAS-Prices reverse earlier losses as undersupply weighs

LONDON: British wholesale gas prices rose on Thursday, reversing losses in early trade, as system undersupply weighed on

Published 04 Jul, 2019 10:36pm

Energy

India's GSPC seeks spot LNG cargo for August delivery

LONDON: India's Gujarat State Petroleum Corp (GSPC) is seeking a liquefied natural gas (LNG) cargo for delivery in Augus

Published 04 Jul, 2019 09:28pm

Energy

Europe Distillates-Diesel cracks gain amid thin trading

LONDON: Diesel refining margins in northwest Europe rose by around 2.5pc amid thin trading in the region. ARA gasoil

Published 04 Jul, 2019 09:22pm

Energy

Europe Gasoline/Naphtha-Cracks jump, ARA stocks drop almost 10pc

LONDON: Northwest European gasoline refining margins jumped as regional stocks dropped sharply in the past week on heavy

Published 04 Jul, 2019 09:06pm

Energy

West Africa Crude-IOC awards tender, spot trade muted

LONDON: An Indian tender mopped up several cargoes of west African crude on Thursday but spot activity remained muted.

Published 04 Jul, 2019 09:03pm

Energy

Oil prices dip on signs of slowing U.S. demand, economic concerns

LONDON: Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles

Published 04 Jul, 2019 11:29am

Energy

Oil prices dip on signs of slowing US demand, economic concerns

LONDON: Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on US crude stockpile

Published 04 Jul, 2019 11:28am

Energy

European boosts gasoline exports to US after PES refinery fire

LONDON: Gasoline exports from Europe to the US East Coast rose sharply in early July after a fire at a major refinery in

Published 03 Jul, 2019 08:30pm

Energy

UAE's ADNOC offers LNG cargo for early August loading

LONDON: Abu Dhabi National Oil Co (ADNOC) has offered a liquefied natural gas (LNG) cargo for loading at its Das Island

Published 03 Jul, 2019 07:58pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 03 Jul, 2019 07:51pm

Energy

Oil prices rise after US crude stockpile drop

LONDON: Oil prices rebounded on Wednesday after a steep fall in the previous session when OPEC and its allies' decision

Published 03 Jul, 2019 07:38pm

Energy

Europe Distillates-Diesel cracks drop in very quiet market

LONDON: Diesel refining margins in northwest Europe dropped around 7pc on Wednesday amid low demand and a lack of trades

Published 03 Jul, 2019 07:21pm

Energy

Europe Gasoline/Naphtha-Cracks slip but rising exports support

LONDON: Northwest European gasoline refining margins slightly declined after a smaller than expected drop in US inventor

Published 03 Jul, 2019 07:20pm

Energy

Europe boosts gasoline exports to US after PES refinery fire

LONDON: Gasoline exports from Europe to the US East Coast rose sharply in early July after a fire at a major refinery in

Published 03 Jul, 2019 07:16pm

Energy

Europe Gasoline/Naphtha-Cracks slip but rising exports support

LONDON: Northwest European gasoline refining margins slightly declined after a smaller than expected drop in US inve

Published 03 Jul, 2019 04:11pm

Energy

Under pressure from Trump, OPEC embraces Putin

VIENNA: When Vladimir Putin announced at the weekend that OPEC would extend oil production cuts, broadcasting a deal

Published 03 Jul, 2019 12:27pm

Energy

Energy group Total starts biofuel production at La Mede refinery

PARIS: French oil and gas major Total said on Wednesday that the first batches of biofuel had come off the production l

Published 03 Jul, 2019 07:49am

Energy

Europe Distillates-Diesel cracks gain, demand weak

LONDON: Diesel refining margins in northwest Europe gained slightly following a sharp drop in crude oil futures, but dem

Published 02 Jul, 2019 07:41pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 02 Jul, 2019 07:40pm

Energy

LNG tanker Flex Endeavour heads for Britain after Rotterdam discharge

LONDON: Liquefied natural gas (LNG) tanker Flex Endeavour is heading for Britain's Milford Haven terminal, having discha

Published 02 Jul, 2019 07:39pm

Energy

Europe Gasoline/Naphtha-Cracks gain on stronger exports

LONDON: Northwest European gasoline refining margins rose again on Tuesday to over $11 a barrel, supported by rising exp

Published 02 Jul, 2019 07:37pm

Energy

North Sea Crude-Brent, Ekofisk fall on sales to Vitol

LONDON: The differential for North Sea crude oil grades Ekofisk and Brent fell on Tuesday after Vitol bought cargoes bel

Published 02 Jul, 2019 07:19pm

Energy

Oil falls on demand worries even as OPEC, allies extend cuts

LONDON: Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement b

Published 02 Jul, 2019 04:27pm

Energy

Russia's Yamal LNG produced 9mn tonnes of frozen gas in H1

MOSCOW: Production of liquefied natural gas (LNG) at Russia's Yamal LNG plant reached 9 million tonnes in the first

Published 02 Jul, 2019 03:49pm

Energy

Portugal extends deadline for solar power auction on strong demand

LISBON: Portugal has extended the deadline for a mega-auction of new solar energy capacity by a week to July 7 due t

Published 02 Jul, 2019 01:44pm

Energy

Oil dips on demand worries despite OPEC cut extension

LONDON: Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement by pr

Published 02 Jul, 2019 11:11am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 02 Jul, 2019 09:47am

Energy

Prices gain on new Norwegian supply outage, low wind

LONDON: British gas prices rallied on Tuesday, extending the previous session's gains as more unplanned outages affected

Published 02 Jul, 2019 09:09am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 01 Jul, 2019 07:49pm

Energy

Libyan oil output at 1.2-1.3mn bpd, but fragile

VIENNA: Libya's current oil production stands at 1.2 to 1.3 million barrels of oil per day (bpd) but the level remains "

Published 01 Jul, 2019 07:47pm

Energy

OPEC agrees to extend oil supply cut by nine months

VIENNA: The Organization of the Petroleum Exporting Countries agreed on Monday to extend oil production cuts by nine mon

Published 01 Jul, 2019 07:40pm

Energy

Europe Distillates-Diesel cracks drop amid rising imports

LONDON: Diesel refining margins in northwest Europe dropped by around 4.5pc on Monday amid rising imports into the regio

Published 01 Jul, 2019 07:22pm

Energy

Europe Gasoline/Naphtha-Cracks rise as exports to US pick up

LONDON: Northwest European gasoline refining margins rose on Monday as exports to the US East Coast picked up following

Published 01 Jul, 2019 07:19pm

Energy

North Sea Crude-Brent Blend diff falls below Forties

LONDON: The differential for Brent Blend sunk below Forties on Monday while Ekofisk held steady after a wide range of of

Published 01 Jul, 2019 07:04pm

Energy

Oil prices jump as OPEC on course to extend output cuts

VIENNA: Oil prices jumped Monday as OPEC nations moved towards extending daily oil output caps that help the price o

Published 01 Jul, 2019 02:58pm

Energy

Oil prices get a lift from short-covering: Kemp

LONDON: Hedge fund managers have started to cover some of the bearish short positions in oil they established since

Published 01 Jul, 2019 02:09pm

Energy

Russia cut oil output by 278,000 bpd in June

MOSCOW: Russia cut its oil output in June by an average of 278,000 barrels per day from levels seen last October, In

Published 01 Jul, 2019 01:50pm

Energy

Russian PM threatens ‘unpopular measures’ against possible fuel prices rise

MOSCOW: Russian Prime Minister Dmitry Medvedev said on Monday that government may resort to some "unpopular measures

Published 01 Jul, 2019 01:08pm

Energy

OPEC set to extend oil supply cut as Iran endorses pact

VIENNA: OPEC and its allies look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined t

Published 01 Jul, 2019 09:59am

Energy

Brent oil jumps over $2 as OPEC+ poised to extend supply cut

LONDON: Oil prices rose over $2 a barrel on Monday as OPEC and its allies looked on track to extend supply cuts until at

Published 01 Jul, 2019 09:57am

Energy

Prices rise on reduced Norwegian supplies

British prompt gas prices rose on Monday as an unexpected outage at Norway's Nyhamna gas processing plant added to other

Published 01 Jul, 2019 09:55am

Energy

Saudi-Russian deal not due to tainted oil crisis

OSAKA: A decision by Russia and Saudi Arabia to extend a global pact on curbing production was not driven by a crisi

Published 29 Jun, 2019 02:55pm

Energy

Russia's Novatek to sell 10pc of Arctic LNG 2 to Japan's JOGMEC, Mitsui

OSAKA: Novatek PAO, Russia's biggest private gas producer, has agreed to sell a 10% stake in its upcoming project to

Published 29 Jun, 2019 02:03pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 28 Jun, 2019 07:57pm

Energy

OPEC faces output balancing act over US-Iran crisis

LONDON: OPEC is on red alert over escalating US-Iran tensions that have fuelled strong oil-price gains -- but the ca

Published 28 Jun, 2019 02:08pm

Energy

Prices fall amid high storage levels, low demand

LONDON: British wholesale gas prices fell on Friday morning as ample supply, high storage levels and low demand weighed

Published 28 Jun, 2019 08:52am

Energy

Oil slips to $66 ahead of G20, OPEC meeting

LONDON: Oil fell to around $66 a barrel on Thursday, weighed down by concerns over whether the G20 summit will produce a

Published 27 Jun, 2019 07:37pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 27 Jun, 2019 07:36pm

Energy

Rosneft sells 200,000 T of August ESPO Blend ex-Kozmino to Chemchina

MOSCOW: Russia's Rosneft awarded a spot tender this week to sell two cargoes of 100,000 tonnes each of ESPO Blend crude

Published 27 Jun, 2019 07:28pm

Energy

Europe Distillates-Diesel cracks slip, ARA stocks lower

LONDON: Diesel refining margins in northwest Europe fell slightly on Thursday, while regional stocks fell week on week.

Published 27 Jun, 2019 07:11pm

Energy

Europe Gasoline/Naphtha-Cracks tick up amid US refinery outage

LONDON: Northwest European gasoline refining margins ticked up on Thursday amid a big outage at a US refinery. Gasoli

Published 27 Jun, 2019 07:08pm

Energy

North Sea Ekofisk crude to load 13 cargoes in August

LONDON: Norwegian crude oil stream Ekofisk will load 13 cargoes in August, down from 15 cargoes in July, a trading s

Published 27 Jun, 2019 02:10pm

Energy

OPEC set for rollover, may discuss deeper oil curbs

LONDON: OPEC is expected to roll over a deal on cutting supplies at a meeting next week and discuss deepening the cu

Published 27 Jun, 2019 01:54pm

Energy

Prices fall despite undersupply as fundamentals still bearish

LONDON: British wholesale gas prices fell on Thursday, despite a small level of undersupply, as the month draws to an en

Published 27 Jun, 2019 11:49am

Energy

OPEC expected to roll over deal on supply cuts - Iraqi oil minister

LONDON: OPEC is likely to roll over a deal on cutting supplies at a meeting next week and keep curbs at least at the sam

Published 27 Jun, 2019 10:39am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 26 Jun, 2019 08:31pm

Energy

UK GAS-July price at fresh 10-year low amid strong supplies, low demand

The British month-ahead gas contract hit a fresh 10-year low on Wednesday that was fuelled by high storage levels and st

Published 26 Jun, 2019 08:27pm

Energy

Europe Distillates-Diesel cracks rise after US stocks draw

LONDON: Diesel refining margins in northwest Europe rose on Wednesday following a much larger than expected draw in US d

Published 26 Jun, 2019 07:35pm

Energy

Europe Gasoline/Naphtha-Cracks rise sharply after US stocks draw

LONDON: Northwest European gasoline refining margins rose sharply following a large draw in US inventories and a decisio

Published 26 Jun, 2019 07:31pm

Energy

Oil prices rise on drop in US crude stocks, refinery outage

LONDON: Oil prices rose on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry da

Published 26 Jun, 2019 11:25am

Energy

Russia's oil output rises to 11.15 mln bpd on June 1-25 - sources

MOSCOW: Russia's average oil output was 11.15 million barrels per day (bpd) in the period June 1-25, up from an average

Published 26 Jun, 2019 11:02am

Energy

Europe Gasoline/Naphtha-Cracks slip as crude edges higher

LONDON: Northwest European gasoline refining margins fell on Tuesday, pressured by higher crude prices. At least six

Published 25 Jun, 2019 07:55pm

Energy

Europe Distillates-Diesel cracks up sharply

LONDON: Diesel refining margins in northwest Europe were up sharply on Tuesday but rising imports into the region capped

Published 25 Jun, 2019 07:48pm

Energy

Oil prices tick up ahead of US crude stock data

LONDON: Oil prices ticked up on Tuesday after the US market open on anticipation that data due later would show crud

Published 25 Jun, 2019 04:25pm

Energy

Dirty oil crisis over for Russia, but contagion felt on high seas

MOSCOW/LONDON: In the opinion of Russian officials, the oil contamination crisis that disrupted flows from the world's

Published 25 Jun, 2019 08:27am

Energy

Russia's Novak says it is too early to say if oil cuts will be extended ST

PETERSBURG: Russian Energy Minister Alexander Novak said on Monday it was too early to say whether a deal between OPEC a

Published 24 Jun, 2019 10:16pm

Energy

Oil falls on demand concerns after gains on Mideast tensions

LONDON: Oil prices fell on Monday on concerns about the possibility of weakening demand after large gains last week caus

Published 24 Jun, 2019 09:02pm

Energy

LNG tanker Marvel Crane due to arrive at Rotterdam on June 25

LONDON: Liquefied natural gas tanker Marvel Crane is due to arrive at the port of Rotterdam on June 25, Refinitiv Eikon

Published 24 Jun, 2019 08:20pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 24 Jun, 2019 08:13pm

Energy

Europe Gasoline/Naphtha-Cracks hit two-week high on refinery outages

LONDON: Northwest European gasoline refining margins rose to a two-week high of $8.86 on Monday, supported by a fire at

Published 24 Jun, 2019 08:11pm

Energy

Europe Distillates-Diesel cracks weaken on rising imports

LONDON: Diesel refining margins in northwest Europe edged slightly lower on Monday as imports from the Middle East and A

Published 24 Jun, 2019 08:07pm

Energy

Oil up on US-Iran tensions but demand concerns cap gains

LONDON: Oil prices rose on Monday adding to last week's gains, lifted by tensions between the United States and Iran

Published 24 Jun, 2019 02:00pm

Energy

IEA concerned about Middle East tensions, stands ready to act

DUBLIN: The International Energy Agency (IEA) is very concerned about the impact that tensions in the Middle East ma

Published 24 Jun, 2019 01:20pm

Energy

Prices mostly rise on lower wind power, undersupply

LONDON: British wholesale gas prices mostly rose on Monday due to slight undersupply in the market and higher demand fro

Published 24 Jun, 2019 11:48am

Energy

German gas imports rise 4.9pc y/y in Jan-April, bill up 8.6pc

FRANKFURT: Germany imported 4.9pc more gas in the first four months of 2019 than a year earlier and its import bill rose

Published 21 Jun, 2019 07:42pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 21 Jun, 2019 07:28pm

Energy

Europe Distillates-Diesel cracks firm on refinery outages

LONDON: Diesel refining margins in northwest Europe rose on Friday, boosted by refinery outages. Firefighters were wo

Published 21 Jun, 2019 07:27pm

Energy

Europe Gasoline/Naphtha-Cracks gain after PES refinery fire

LONDON: Northwest European gasoline refining margins rose by nearly $1 a barrel on Friday after a fire at a major US Eas

Published 21 Jun, 2019 07:11pm

Energy

Russia will help Iran with oil if payment channel not launched

MOSCOW: Russia is ready to help Iran with oil exports and its banking sector if the Instex European payment system i

Published 21 Jun, 2019 03:55pm

Energy

Brent oil up 6pc in one week on fears of US attack on Iran

LONDON: Brent oil rallied above $65 per barrel and was set to notch up a 6% gain this week on fears of a US military

Published 21 Jun, 2019 12:37pm

Energy

Prices for early next week slip on renewables generation

PARIS: European spot electricity prices for early next week delivery fell in wholesale trade on Friday as forecasts

Published 21 Jun, 2019 11:58am

Energy

Oil rises towards $65 on fears of U.S. attack on Iran

LONDON: Oil prices rallied towards $65 per barrel on fears of a U.S. military attack on Iran that would disrupt flows fr

Published 21 Jun, 2019 09:13am

Energy

LNG tankers heading to Britain, Belgium and the Netherland

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 21 Jun, 2019 08:02am

Energy

Europe Distillates-Diesel cracks rise after drop in ARA stocks

LONDON: Diesel refining margins in northwest Europe rose by 1.2% on Thursday as oil futures rallied and data showed a dr

Published 20 Jun, 2019 07:18pm

Energy

Europe Gasoline/Naphtha-Cracks firm on lower Atlantic basin stocks

LONDON: Northwest European gasoline refining margins rose on Thursday, buoyed by falling stocks on both sides of the Atl

Published 20 Jun, 2019 07:17pm

Energy

Oil jumps 3pc towards $64 as Iran shoots down US drone in Gulf

LONDON: Oil rose more than 3% towards $64 a barrel on Thursday after Iran shot down a US military drone, raising fea

Published 20 Jun, 2019 04:59pm

Energy

US Cameron LNG loadings delayed after first cargo exported

LONDON: Loadings of liquefied natural gas (LNG) cargoes from Sempra Energy's $10 billion Cameron export terminal in

Published 20 Jun, 2019 04:09pm

Energy

Oil jumps 3pc to $63 as Iran shoots down US drone in Gulf

LONDON: Oil rose by more than 3% to above $63 a barrel on Thursday after Iran shot down a US military drone, raising

Published 20 Jun, 2019 01:26pm

Energy

Probes and squeezed profits change the oil trading game

GENEVA/LONDON: For the world's biggest oil traders, it feels like a return to the 1980s when earnings were diluted b

Published 20 Jun, 2019 12:50pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 20 Jun, 2019 09:21am

Energy

Prices rise due to undersupply

LONDON: British wholesale gas prices rose on Thursday morning due to an undersupplied system.

Day-ahead gas was 1.0

Published 20 Jun, 2019 07:53am

Energy

Med crude-Urals diffs steady, margins improve

MOSCOW: Urals crude oil differentials to dated Brent were stable on Wednesday as trading activity was low, but impro

Published 19 Jun, 2019 07:07pm

Energy

Oil group Total hopes new supercomputer will help it find oil faster and more cheaply

PARIS: Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful co

Published 19 Jun, 2019 04:00pm

Energy

Europe Gasoline/Naphtha-Cracks firm as US stocks drop sharply

LONDON: Northwest European gasoline refining margins rose on Wednesday as inventories in the United States, a key market

Published 19 Jun, 2019 03:53pm

Energy

UK GAS-Prices fall as system balances after days of undersupply

British wholesale gas prices fell on Wednesday as easing demand helped balance the system after days of supply deficits.

Published 19 Jun, 2019 03:14pm

Energy

Global LNG export terminals awaiting approval in 2019

LONDON: US energy company Anadarko has approved the construction of a $20 billion gas liquefaction and export terminal i

Published 19 Jun, 2019 02:52pm

Energy

India's GSPC seeks two spot LNG cargoes for August delivery

LONDON: India's Gujarat State Petroleum Corp (GSPC) is seeking two liquefied natural gas (LNG) cargoes for delivery in A

Published 19 Jun, 2019 02:50pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 19 Jun, 2019 02:07pm

Energy

OPEC to meet July 1 and 2 after several postponements

VIENNA: Major oil-producing countries meet in Vienna on July 1 and 2, the OPEC website and a delegate said Wednesday, af

Published 19 Jun, 2019 01:55pm

Energy

Oil inches down as inventory data counters trade deal hopes

LONDON: Oil prices ticked down on Wednesday as data suggesting a smaller-than-expected fall in U.S. crude inventories co

Published 19 Jun, 2019 11:21am

Energy

Prices fall as system balances after days of undersupply

British wholesale gas prices fell on Wednesday as easing demand helped balance the system after days of supply deficits.

Published 19 Jun, 2019 10:59am

Energy

Oil broadly stable as inventory data counters trade deal hopes

LONDON: Oil prices were broadly steady on Wednesday as data suggesting a smaller-than-expected fall in U.S. crude invent

Published 19 Jun, 2019 10:46am

Energy

Two LNG tankers heading to Britain's South Hook, one tanker due for Belgium

OSLO:* Liquefied natural gas (LNG) tanker Mekaines is due to arrive at Britain's South Hook terminal on July 5, Refiniti

Published 19 Jun, 2019 08:02am

Energy

Europe Gasoline/Naphtha-Cracks weaken as demand remains slow

LONDON: Northwest European gasoline refining margins weakened on Monday as crude prices rose sharply while demand in the

Published 18 Jun, 2019 04:19pm

Energy

Gazprom says new Ukraine government needed for gas talks

MOSCOW: Russian state gas giant Gazprom is awaiting the formation of a Ukrainian government before starting talks with

Published 18 Jun, 2019 03:43pm

Energy

Oil prices rise as U.S.-China trade talks set to resume

LONDON: Oil prices rose sharply on Tuesday after U.S. President Donald Trump said he would hold an extensive meeting wit

Published 18 Jun, 2019 03:10pm

Energy

Ireland to ban sales of new petrol and diesel cars by 2030

LONDON: Ireland has announced it will ban the sale of new petrol and diesel vehicles by 2030 as part of its new climate

Published 18 Jun, 2019 02:08pm

Energy

Russia lowers 2019 forecasts for rouble rate, oil and gas revenue

MOSCOW: Russia's finance ministry has cut its forecast average rouble rate for 2019 as well its projections for oil and

Published 18 Jun, 2019 01:59pm

Energy

Oil prices slip for second day on global growth fears

LONDON: Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the US-China tr

Published 18 Jun, 2019 01:57pm

Energy

OPEC+ discusses holding ministerial meetings on July 10-12

LONDON: OPEC and non-OPEC states are discussing holding their ministerial meetings on oil output policy on July 10-12 in

Published 18 Jun, 2019 01:53pm

Energy

OPEC+ discusses holding ministerial meetings on July 10-12-sources

LONDON: OPEC and non-OPEC states are discussing holding their ministerial meetings on oil output policy on July 10-12 in

Published 18 Jun, 2019 11:27am

Energy

Day-ahead price rises as power demand prompts undersupply

LONDON: The British wholesale day-ahead gas price rose on Tuesday due to an undersupplied system.

Day-ahead gas pri

Published 18 Jun, 2019 08:33am

Energy

Med crude-Urals diffs down in Baltic, CPC Blend ease

MOSCOW: Urals differentials in northwest Europe eased against dated Brent on Monday as remaining June cargoes traded

Published 17 Jun, 2019 08:26pm

Energy

Russia's oil export duty to decline to $100.3/T in July

MOSCOW: Russia's oil export duty is expected to fall to $100.3 per tonne in July from $110.4 per tonne in June following

Published 17 Jun, 2019 04:43pm

Energy

Urals crude oil exports via Russia's Baltic Ust-Luga port seen falling

MOSCOW: Exports of Urals crude oil via Russia's Baltic port of Ust-luga port are set to fall to 2.8 million tonnes for J

Published 17 Jun, 2019 04:41pm

Energy

KUFPEC offers spot LNG cargo from Australia's Wheatstone plant

LONDON: Kuwait Foreign Petroleum Exploration Company (KUFPEC) has offered a spot cargo of liquefied natural gas (LNG) fo

Published 17 Jun, 2019 04:38pm

Energy

Oil prices fall 1pc as economic worries outweigh tanker tensions

LONDON: Oil prices slipped more than 1pc on Monday as signs of an economic slowdown amid international trade disputes be

Published 17 Jun, 2019 04:27pm

Energy

Gazprom non-CIS exports down 6.3pc y/y in January 1-June 15

MOSCOW: Russian state gas giant Gazprom exported 87.8 billion cubic metres of natural gas to countries outside the form

Published 17 Jun, 2019 04:24pm

Energy

Russian oil exports via Ust-Luga to fall in Q3 due to contamination

MOSCOW: Third-quarter flows of Urals crude via Russia's Baltic port of Ust-Luga are set to slide to 2.8 million tonnes f

Published 17 Jun, 2019 04:01pm

Energy

Iranian oil minister says he is free July 10-12 for OPEC meeting

LONDON: Iranian Oil Minister Bijan Zanganeh said on Monday he continued to disagree with the change of date for an OPEC

Published 17 Jun, 2019 03:33pm

Energy

Groningen gas production to drop 20pc faster than planned

AMSTERDAM: Next year's output at the Groningen natural gas field in the north of the Netherlands looks set to drop 20pc

Published 17 Jun, 2019 03:22pm

Energy

Iran, Russia talks raise hopes of progress on OPEC+ meeting date

LONDON: Iran's oil minister is scheduled to meet his Russian counterpart in Iran later on Monday, industry sources said,

Published 17 Jun, 2019 02:10pm

Energy

Iranian oil minister denies any disagreement with president Rouhani

LONDON: Iranian Oil Minister Bijan Zanganeh on Monday denied a report that he had disagreed with President Hassan Rouhan

Published 17 Jun, 2019 02:09pm

Energy

Oil prices slip as economic worries outweigh tanker tensions

LONDON: Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweig

Published 17 Jun, 2019 01:53pm

Energy

Russia's oil export duty to decline to $100.3/T in July

MOSCOW: Russia's oil export duty is expected to fall to $100.3 per tonne in July from $110.4 per tonne in June following

Published 17 Jun, 2019 01:46pm

Energy

Urals crude oil exports via Russia's Baltic Ust-Luga port seen falling

MOSCOW: Exports of Urals crude oil via Russia's Baltic port of Ust-luga port are set to fall to 2.8 million tonnes for J

Published 17 Jun, 2019 01:25pm

Energy

Prices mixed amid gas flow reshuffle in Europe

LONDON: Key British wholesale gas prices fell on Monday morning but the price for gas for immediate delivery rose due to

Published 17 Jun, 2019 09:49am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 17 Jun, 2019 08:41am

Energy

G20 energy ministers to collaborate to keep market stability

KARUIZAWA: Energy ministers from the Group of 20 major economies have shared concerns over attacks on tankers in the

Published 15 Jun, 2019 08:15pm

Energy

Med crude-Urals diffs ease in the Baltic, CPC Blend diffs down

MOSCOW: Urals crude oil differentials in northwest Europe eased to dated Brent on Friday, while the discount for CPC

Published 14 Jun, 2019 09:03pm

Energy

Oil rises again on tension fuelled by tanker attacks

LONDON: Oil prices rose again Friday in reaction to geopolitical tension, building on the previous day's surge sparked b

Published 14 Jun, 2019 03:34pm

Energy

Oil set for weekly loss as demand fears outweigh geopolitics

LONDON: Oil prices steadied on Friday but remained on track for a weekly loss on fears that trade disputes will dent glo

Published 14 Jun, 2019 02:06pm

Energy

France's Total close to buying 30pc in Adani Gas for more than $800mn

French energy giant Total SA is close to acquiring a 30pc stake in Indian gas distribution company Adani Gas for upwards

Published 14 Jun, 2019 01:32pm

Energy

OPEC, Russia nearing accord on long term oil supply coordination

MOSCOW: OPEC and other producers including Russia are in final talks for an agreement, that may be signed in early July,

Published 14 Jun, 2019 01:03pm

Energy

Russia aims to increase LNG output fivefold by 2035, says energy minister

MOSCOW: Russia plans to increase its output of liquefied natural gas (LNG) fivefold by 2035, focussing on exports to the

Published 14 Jun, 2019 12:35pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 14 Jun, 2019 12:21pm

Energy

LNG tanker Marvel Kite arrives in Rotterdam with U.S. cargo

LONDON: Liquefied natural gas (LNG) tanker Marvel Kite arrived on Friday at Rotterdam's Gate terminal with a cargo from

Published 14 Jun, 2019 08:44am

Energy

Shell's energy utility to refund some customers for overcharging - Ofgem

Britain's energy regulator on Friday ordered Shell's utility business to refund and compensate around 12,000 customer a

Published 14 Jun, 2019 08:40am

Energy

OPEC cuts oil demand outlook, building case to keep supply curbs

LONDON: OPEC has cut its forecast for growth in global oil demand due to trade disputes and pointed to the risk of a fur

Published 13 Jun, 2019 04:02pm

Energy

Gazprom has offered Naftogaz out of court settlement in gas dispute

MOSCOW: Russian Energy Minister Alexander Novak said on Thursday that Gazprom had offered Ukraine's Naftogas an out of c

Published 13 Jun, 2019 03:57pm

Energy

UK GAS-Prices rise on under-supply, oil market gains

LONDON: British wholesale gas prices rose on Thursday morning, with prices lifted by an under-supplied market and strong

Published 13 Jun, 2019 01:50pm

Energy

OPEC cuts 2019 oil demand growth forecast, sees more downside risk

LONDON: OPEC on Thursday cut its forecast for growth in global oil demand due to escalating trade disputes and pointed t

Published 13 Jun, 2019 01:13pm

Energy

Oil prices surge after suspected tanker attack near Iran

LONDON: Oil prices jumped as much as 4pc on Thursday after a suspected attack on two tankers in the Gulf of Oman near Ir

Published 13 Jun, 2019 12:53pm

Energy

Oil tanker owners DHT and Heidmar halt new bookings to Mid-East Gulf

LONDON: Oil tanker owners DHT Holdings and Heidmar have suspended new bookings to the Mid-East Gulf, three ship brokers

Published 13 Jun, 2019 12:29pm

Energy

OPEC cut to oil demand outlook builds case to keep supply curbs

LONDON: OPEC has cut its forecast for global oil demand growth and warned of potential further cuts as international tra

Published 13 Jun, 2019 12:22pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 12 Jun, 2019 04:11pm

Energy

Gas prices fall on weaker oil, wind power boost

British wholesale gas prices fell on Wednesday, despite the system being undersupplied, following a decline in oil price

Published 12 Jun, 2019 02:20pm

Energy

Oil price fall, renewed global woes weigh on Gulf stocks

All major Gulf markets dropped on Wednesday, mostly with financial sector shares taking a hit from falling oil prices an

Published 12 Jun, 2019 02:18pm

Energy

Oil falls over 2pc on weaker demand growth, gain in US crude stocks

LONDON: Oil prices fell more than 2pc on Wednesday, weighed down by a weaker demand outlook and a rise in US crude inven

Published 12 Jun, 2019 01:28pm

Energy

Oil falls over 2pc on weaker demand growth, gain in U.S. crude stocks

LONDON: Oil prices fell more than 2% on Wednesday, weighed down by a weaker demand outlook and a rise in U.S. crude inve

Published 12 Jun, 2019 10:31am

Energy

Gas prices fall on weaker oil, wind power boost

British wholesale gas prices fell on Wednesday, despite the system being undersupplied, following a decline in oil price

Published 12 Jun, 2019 08:37am

Energy

Med crude-Urals drops to 8-month lows in Med, firm in Baltic

MOSCOW: Urals crude oil differentials eased further in Mediterranean against dated Brent on Tuesday, while in northw

Published 11 Jun, 2019 06:20pm

Energy

LNG tanker British Sapphire to arrive in Belgium on June 15: shipping data

LONDON: Liquefied natural gas (LNG) tanker British Sapphire is due to arrive at Belgium's Zeebrugge terminal on June 15,

Published 11 Jun, 2019 04:33pm

Energy

Energy group Total starts up production of North Sea's Culzean field

PARIS: French energy group Total said it had started up production of the Culzean field in the North Sea, adding that th

Published 11 Jun, 2019 04:26pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 11 Jun, 2019 04:13pm

Energy

Oil steadies above $62 as OPEC cuts counter growth concerns

LONDON: Oil steadied above $62 a barrel on Tuesday as firmer equities and expectations OPEC and its allies will keep wit

Published 11 Jun, 2019 03:44pm

Energy

UK GAS-Gas prices ease on expected demand dip

LONDON: British wholesale gas prices fell on Tuesday morning on expected falls in consumption over the coming days. D

Published 11 Jun, 2019 03:25pm

Energy

Oil edges above $62 as OPEC cuts counter growth concerns

LONDON: Oil rose further above $62 a barrel on Tuesday as firmer equities and expectations OPEC and its allies will keep

Published 11 Jun, 2019 02:26pm

Energy

Finland opens largest Nordic LNG terminal after delay

OSLO: Finland's 110 million-euro ($124.5 million) Manga liquefied natural gas import terminal has fully opened after a y

Published 11 Jun, 2019 02:12pm

Energy

Exxon to proceed with oil development in Argentina

Exxon Mobil Corp said on Tuesday it was going ahead with an oil development project in Argentina that could produce up t

Published 11 Jun, 2019 02:10pm

Energy

Russia's Transneft hopes to settle tainted oil compensation within 2-3 months - TASS

MOSCOW: Russia's pipeline monopoly Transneft said on Tuesday it expected to settle compensation claims for a major Russi

Published 11 Jun, 2019 01:44pm

Energy

First LNG from Sempra Energy's Louisiana Cameron terminal heads to France

LONDON: The first liquefied natural gas (LNG) cargo to be shipped from Sempra Energy's $10 billion Cameron export termin

Published 11 Jun, 2019 01:27pm

Energy

Compensation for tainted Russian oil to be decided company by company

ST PETERSBURG: Compensation for the tainted Russian oil supplied to Europe earlier this year via the Druzhba pipelin

Published 10 Jun, 2019 08:30pm

Energy

LNG tanker Maran Gas Posidonia heading for Rotterdam from the US

LONDON: Rotterdam is set to receive the liquefied natural gas (LNG) tanker Maran Gas Posidonia from the United States on

Published 10 Jun, 2019 01:34pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 10 Jun, 2019 01:33pm

Energy

Saudi Aramco extends offer to buy stake in Arctic LNG 2

MOSCOW: Saudi Energy Minister Khalid al-Falih said Saudi Aramco had extended its offer to join Russian gas producer Nova

Published 10 Jun, 2019 01:11pm

Energy

UK GAS-Prices jump as Norwegian maintenance work reduces flows

British wholesale gas prices jumped on Monday as annual maintenance work in Norway reduced flows at the start of a week

Published 10 Jun, 2019 12:56pm

Energy

Russia's finmin sees oil below $40 if OPEC deal not extended

MOSCOW: Russian Finance Minister Anton Siluanov said on Monday that oil prices could fall below $40 per barrel if OPEC a

Published 10 Jun, 2019 12:49pm

Energy

Oil steady with supply tight, but US-China trade war threatens demand

LONDON: Oil prices were steady on Monday as US-China trade tensions continued to threaten demand for oil, but tight crud

Published 10 Jun, 2019 12:44pm

Energy

OPEC+ to take ‘consolidated decision’ on output pact: Russia's Sorokin

ST PETERSBURG: Countries signed up to a global pact on oil production cuts will reach a consolidated decision on what wi

Published 10 Jun, 2019 12:33pm

Energy

Oil price could fall to $30 if global deal not extended

MOSCOW: Russian Energy Minister Alexander Novak said on Monday he could not rule out a scenario in which oil prices coul

Published 10 Jun, 2019 12:30pm

Energy

Oil steady as fate of output pact unclear, US-China trade war lingers

LONDON: Oil prices steadied on Monday as major producers Saudi Arabia and Russia had yet to agree on extending an output

Published 10 Jun, 2019 12:10pm

Energy

Prices jump as Norwegian maintenance work reduces flows

British wholesale gas prices jumped on Monday as annual maintenance work in Norway reduced flows at the start of a week

Published 10 Jun, 2019 09:06am

Energy

Wheat set for fourth weekly gain on Russia dryness, while corn eases

SINGAPORE/PARIS: Chicago wheat futures slid more than 1% on Friday but the market was still on track for a fourth weekly

Published 07 Jun, 2019 01:11pm

Energy

Russia's Gazprom and Germany's VNG sign gas supply agreement

MOSCOW: Russia's Gazprom on Friday said it has signed an agreement to supply Germany's VNG with up to 3.5 billion cubic

Published 07 Jun, 2019 01:08pm

Energy

Oil rises as Saudi Arabia signals OPEC deal extension

LONDON: Oil prices rose on Friday, climbing further from five-month lows hit this week amid signs that OPEC and other pr

Published 07 Jun, 2019 12:48pm

Energy

Gas surges globally as green groups cry foul

PARIS: 2018 was a "golden year" for natural gas with demand surging worldwide, the International Energy Agency (IEA) sai

Published 07 Jun, 2019 10:59am

Energy

UK GAS-Prices recover from near two-year lows in balanced market

LONDON: Prompt British wholesale gas prices rose on Tuesday morning, recovering from near two-year lows hit a day earlie

Published 04 Jun, 2019 01:20pm

Energy

Russia's oil output falls to 10.87mn bpd in early June

MOSCOW: Russia's average oil output stood at 10.87 million barrels per day (bpd) on June 1-3, down from an average 11.11

Published 04 Jun, 2019 12:58pm

Energy

Rosneft CEO boss says oil contamination had negative impact

MOSCOW: Russian oil producer Rosneft has been negatively affected by the contamination of oil on the Druzhba pipeline bu

Published 04 Jun, 2019 12:46pm

Energy

Iran sets scene for tough OPEC meeting, opposes date change

LONDON: Iran has told OPEC that it opposes delaying the oil producer group's next meeting, setting the scene for another

Published 04 Jun, 2019 12:24pm

Energy

Oil falls to lowest since January on economic slowdown

LONDON: Oil prices fell on Tuesday to their lowest since January on signs that an economic slowdown is starting to dent

Published 04 Jun, 2019 11:56am

Energy

Rosneft CEO says net profit, dividends may rise in 2019

MOSCOW: Russian oil producer Rosneft's chief executive said on Tuesday the company's net profit and dividends may grow t

Published 04 Jun, 2019 11:45am

Energy

Cheniere signals new LNG pricing structure with Apache deal

LONDON/NEW YORK: Cheniere Energy Inc said on Monday it would buy natural gas from Apache Corp's Permian assets using

Published 03 Jun, 2019 08:30pm

Energy

Angola LNG offers spot cargo for late June delivery

LONDON: Angola's liquefied natural gas (LNG) project in West Africa has offered a spot cargo from its Soyo plant for del

Published 03 Jun, 2019 02:52pm

Energy

Oil prices edge higher as Saudi reassurances stem declines

LONDON: Oil prices edged higher on Monday after reassurances from top oil exporter Saudi Arabia offered some respite fro

Published 03 Jun, 2019 12:47pm

Energy

Oil prices steady, caught between Saudi supply reassurances and trade fears

LONDON: Oil prices held steady on Monday following last week's heavy losses, as deepening US trade wars fanned fears of

Updated 03 Jun, 2019 11:15am

Energy

Toshiba says Total to take its US LNG business after Chinese buyer pulls out

PARIS: French energy group Total will buy Toshiba's US liquefied natural gas business for $15 million, the Japanese indu

Published 01 Jun, 2019 11:09am

Energy

Total reaches deal to buy Toshiba's US LNG business

PARIS: French energy group Total has reach a deal to buy Toshiba's US liquified natural gas business, a source famil

Published 31 May, 2019 07:51pm

Energy

Total expects Papua New Guinea to honour LNG deal

PARIS: French energy company Total said on Friday that it expected Papua New Guinea's incoming government to honour

Published 31 May, 2019 07:37pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 31 May, 2019 03:07pm

Energy

Russia's Lukoil to receive 50pc in new Caspian block

MOSCOW: Russian oil company Lukoil is set to take a 50pc stake under an agreement to develop a block on the Caspian sea,

Published 31 May, 2019 02:59pm

Energy

Oil poised for biggest monthly drop in 6 months on trade wars

LONDON: Oil fell on Friday and held on track for its biggest monthly drop in six months as comments from US President Do

Published 31 May, 2019 12:38pm

Energy

Dutch gas price for day-ahead delivery at lowest point since December 2016

OSLO: The Dutch gas price for day-ahead delivery at the TTF hub fell 5.5pc to 10.65 euros per megawatt hour (MW) on Frid

Published 31 May, 2019 12:02pm

Energy

Prices decline on warmer temperatures, strong wind output

LONDON: British wholesale gas prices declined on Friday morning as demand ebbed due to higher temperatures and strong wi

Published 31 May, 2019 08:35am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 30 May, 2019 03:11pm

Energy

Greece's Motor Oil to spend 310mn euros to build naphtha unit

ATHENS: Greek refiner Motor Oil plans to spend 310 million euros ($345 million) to build a naphtha unit it said will boo

Published 30 May, 2019 02:43pm

Energy

UK GAS-Prices fall with warm weather, high LNG sendout rates

LONDON: British wholesale gas prices fell on Thursday, trading at multi-year seasonal lows, as warm weather dampened dem

Published 30 May, 2019 02:02pm

Energy

Gazprom plans to begin output at Chayanda field in July

MOSCOW: Russian natural gas producer Gazprom plans to begin production at its Chayanda gas field in Yakutia region on Ju

Published 30 May, 2019 11:43am

Energy

Russia disputes volume of tainted oil in Europe

MOSCOW: Contaminated Russian oil volumes sent to Europe are much smaller than claimed by Belarus and Poland, Russia's pi

Published 30 May, 2019 11:32am

Energy

Brent falls on trade war worries, tight oil market supports

LONDON: Oil prices fell on Thursday on fears of a global economic slowdown due to a US-China trade war but losses were c

Published 30 May, 2019 11:28am

Energy

Shareholders of oil group Total add climate goals to CEO's future pay

PARIS: Total's shareholders on Wednesday approved chairman and chief executive officer Patrick Pouyanne's 2018, and 2019

Published 29 May, 2019 03:49pm

Energy

Azerbaijan plans to resume oil exports via Russia from July 1

BAKU: Azerbaijan plans to resume crude oil exports via Russia from July 1, State Oil Company of Azerbaijan's (SOCAR) Vic

Published 29 May, 2019 12:44pm

Energy

Hungary to receive clean oil via Druzhba pipeline on Wednesday

MOSCOW: Hungary has started pumping clean Russian oil via the Druzhba pipeline and will receive it on Wednesday at 1800

Published 29 May, 2019 12:08pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 29 May, 2019 11:48am

Energy

Total to seek compensation for Druzhba pipeline contamination

PARIS: Total will seek compensation for the losses caused by a contaminated oil pipeline which has led to a halving of o

Published 29 May, 2019 11:43am

Energy

Russia's Transneft says govt wrong to blame it for oil contamination

MOSCOW: Russian pipeline monopoly Transneft does not agree with Russian First Deputy Prime Minister Anton Siluanov that

Published 29 May, 2019 11:32am

Energy

UK GAS-Prices edge lower on oversupplied system

LONDON: British wholesale gas prices edged lower on Wednesday morning due to an oversupplied system and lower demand.

Published 29 May, 2019 11:30am

Energy

Norway sets Aug 27 deadline for oil firms to apply for APA license stakes

OSLO: Norway has asked oil firms to apply for exploration blocks in its so-called mature areas licensing round by Aug. 2

Published 29 May, 2019 11:21am

Energy

Oil mixed as trade fears weigh despite tight supply

LONDON: Oil prices were mixed on Tuesday as prices were caught between concerns over global supply and fears that the US

Published 28 May, 2019 01:53pm

Energy

Oil defies trade fears as prices rise on tight supply

LONDON: Oil prices rose on Tuesday, supported by tighter global supplies that have helped to offset persistent worries t

Published 28 May, 2019 01:25pm

Energy

Russia's Gazprom says supplies to China to reach 38 bcm in 2025

MOSCOW: Russian state gas producer Gazprom plans to supply 38 billion cubic metres (bcm) of natural gas to China in 2025

Published 28 May, 2019 01:00pm

Energy

UK GAS-Prices edge up on cooler temperature forecasts

LONDON: British wholesale gas prices edged up on Tuesday morning, in quiet trade after a UK holiday, as weather forecast

Published 28 May, 2019 12:32pm

Energy

Oil edges up as supply remains tight, helping offset trade woes

LONDON: Oil prices rose on Tuesday, supported by tighter global supplies that helped offset lingering worries that deman

Published 28 May, 2019 12:22pm

Energy

Italy's Iren mulling sale of stake in LNG plant, had contact with Snam

MILAN: Italian regional utility Iren is considering selling its 49.1% stake in the country's second-biggest liquefie

Published 27 May, 2019 07:29pm

Energy

Russia's oil production continues to fall after Druzhba contamination

MOSCOW: Russia's oil production continued to fall this month, two industry sources told Reuters on Monday, under pressur

Published 27 May, 2019 03:24pm

Energy

Russia to find way to return oil export tax paid on tainted oil shipped back

MOSCOW: Russia will find a way how to return companies oil export tax paid on oil which was meant for export to Europe b

Published 27 May, 2019 03:16pm

Energy

Surgutneftegaz offers 440,000 T of Urals crude oil for June loading

MOSCOW: Russia's Surgutneftegaz issued a spot tender on Monday to sell 440,000 tonnes of Urals crude oil loading in June

Published 27 May, 2019 03:02pm

Energy

Oil rises to $69 as Mideast tension and supply cuts offset trade concerns

LONDON: Oil rose to about $69 a barrel on Monday, supported by Middle East tensions and OPEC-led supply cuts, though con

Published 27 May, 2019 03:01pm

Energy

Oil steadies as trade fears balance Mideast tension and supply cuts

LONDON: Oil steadied on Monday, trading below $69 a barrel, as concern over the US-China trade dispute and global econom

Published 27 May, 2019 11:17am

Energy

Belarus pumps out 80,000 T of tainted oil towards Russia

MINSK: Belarus began pumping contaminated oil towards Russia on Friday and by the end of Sunday it had pumped out 80,000

Published 27 May, 2019 11:05am

Energy

Poland has neutralised over 30pc of contaminated oil

WARSAW: Polish pipeline operator PERN said on Friday it had neutralised over 30% of the contaminated Russian oil in

Published 24 May, 2019 05:24pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 24 May, 2019 12:37pm

Energy

UK GAS-Prices rise due to lower Norwegian flows

LONDON: British prompt gas prices rose on Friday morning as Norwegian gas supplies, which increased in previous days, de

Published 24 May, 2019 12:28pm

Energy

Russia, Belarus approve plan to clean up Druzhba pipeline after tainted oil

MOSCOW: Russian Deputy Prime Minister Dmitry Kozak and his Belarusian counterpart Igor Lyashenko have approved a pla

Published 23 May, 2019 08:24pm

Energy

Oil slumps more than four percent on trade tensions

LONDON: Oil prices slumped more than four percent Thursday on growing trade tensions, which have deepened over the US bl

Published 23 May, 2019 03:10pm

Energy

ARA gasoline stocks rise 17pc

LONDON: Gasoline stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by

Published 23 May, 2019 03:03pm

Energy

Russia's Transneft agrees oil clean-up plan with Belarus

WARSAW: Russian pipeline monopoly Transneft has agreed a technical plan with Belarus to clean up contaminated Russian oi

Published 23 May, 2019 02:54pm

Energy

Two more LNG tankers heading to Netherlands' Gate terminal

LONDON: Two more liquefied natural gas (LNG) tankers are due to arrive at Gate terminal in the Netherlands next week, Re

Published 23 May, 2019 12:03pm

Energy

UK GAS-Prices fall due to higher Norwegian supply

LONDON: British wholesale gas prices fell on Thursday morning, with gas for immediate delivery at a one-month low, due t

Published 23 May, 2019 11:56am

Energy

Oil continues slide on US crude stockpiles surge

LONDON: Oil prices dropped on Thursday, extending falls from the previous session amid surging US crude inventories as a

Published 23 May, 2019 11:23am

Energy

Oil set for worst week in 6 months as crude stockpiles surge

LONDON: Oil prices dropped on Thursday, extending falls from the previous session amid surging US crude inventories as l

Published 23 May, 2019 10:54am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 23 May, 2019 08:52am

Energy

Med crude-Urals eases in Baltic, Surgut sells June cargoes

MOSCOW: Urals crude oil differentials in northwest Europe eased against dated Brent on Wednesday as buyers expected

Published 22 May, 2019 07:12pm

Energy

Hungary received 60,000 tonnes of contaminated Russian oil in May

MOSCOW: Hungary has received a total of 60,000 tonnes of contaminated Russian oil in May via the Druzhba pipeline, of wh

Published 22 May, 2019 03:27pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 May, 2019 12:42pm

Energy

Russia says clean crude oil to reach Hungary, Slovakia within a week: RIA

MOSCOW: Russia's Energy Ministry said on Wednesday that clean crude oil was moving via the Druzhba pipeline towards the

Published 22 May, 2019 12:31pm

Energy

Bulgaria and Greece break ground on long-delayed gas pipeline

SOFIA: Bulgaria and Greece on Wednesday launched construction of a long-delayed pipeline to link their gas networks, con

Published 22 May, 2019 12:13pm

Energy

Oil prices drop on swelling US stockpiles, trade war

LONDON: Oil prices fell on Wednesday after industry data showed an increase in US crude inventories and on demand concer

Published 22 May, 2019 11:18am

Energy

Europe Gasoline/Naphtha-Gasoline crack eases slightly after hitting 8-month high

LONDON: Northwest European gasoline refining margins fell on Tuesday after hitting an eight-month high the previous

Published 21 May, 2019 07:54pm

Energy

Belarus lifts limits on exports of oil products

MINSK: Belarus is lifting limits on the export of its oil products after the contamination of Russian oil via the Dr

Published 21 May, 2019 07:43pm

Energy

Med Crude-Urals stable, Baltic exports for early June unchanged vs May

MOSCOW: Urals crude differentials in northwest Europe were stable on Tuesday, while Russia's provisional loading pla

Published 21 May, 2019 07:32pm

Energy

European April gasoline, naphtha output jump y/y

LONDON: European refineries produced 3.6 percent more gasoline and 7.4 percent more naphtha in April compared with a yea

Published 21 May, 2019 01:35pm

Energy

Oil edges up on escalating US-Iran tensions, supply outages

LONDON: Oil prices rose on Tuesday on escalating US-Iran tensions and amid expectations that OPEC producers will continu

Published 21 May, 2019 11:38am

Energy

Prices fall due to higher imports from Norway

LONDON: British wholesale gas prices fell on Tuesday morning as a ramp up in imports from Norway left the system oversup

Published 21 May, 2019 09:43am

Energy

Oil steadies near multi-week high as OPEC+ says to stay the course

LONDON: Oil prices steadied near multi-week highs on Monday as OPEC indicated it was likely to maintain production cuts

Published 20 May, 2019 04:02pm

Energy

Argentina's YPF offers first LNG cargo from floating facility

LONDON: Argentina's state energy firm YPF is offering a liquefied natural gas (LNG) cargo from its new floating producti

Published 20 May, 2019 03:51pm

Energy

ESPO Blend loading plan from Kozmino port revised up to 2.74mn t in June

MOSCOW: ESPO Blend crude oil's loading plan from the Far East Kozmino port has been revised up by 0.2 million tonnes com

Published 20 May, 2019 03:31pm

Energy

BP HQ blockaded by Greenpeace stunt

LONDON: Greenpeace activists blocked the entrances to BP's global headquarters in London on Monday in a bid to convince

Published 20 May, 2019 03:28pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 20 May, 2019 01:38pm

Energy

Swedish oil refiner Preem reaches compensation deal over Russian crude

LONDON: Oil refiner Preem will be compensated for contaminated Russian crude oil whose high levels of chlorides can dama

Published 20 May, 2019 12:49pm

Energy

UK GAS-Prices rise on low Norway flows and weak wind

British wholesale gas prices rose on Monday morning on undersupply due to low flows from Norway and insufficient wind po

Published 20 May, 2019 12:42pm

Energy

Russia says to resume talks with Belarus on oil transit on Monday

MOSCOW: Russia and Belarus will resume talks on the resumption of oil supplies via the Druzhba pipeline on Monday, Ilya

Published 20 May, 2019 12:17pm

Energy

Oil rises after OPEC+ says to keep output cuts

LONDON: Oil hit multi-week highs on Monday after OPEC indicated it was likely to maintain production cuts that have help

Published 20 May, 2019 12:14pm

Energy

Ukraine suspends transit of Russian oil to EU due to MOL problems

KIEV: Ukraine's UkrTransNafta said that several hours after resuming transit of Russian oil to the European Union on Mon

Published 20 May, 2019 12:09pm

Energy

Russian crude pipeline woes boost Europe's refining profits

LONDON: A string of European refinery outages after contamination forced the shutdown of Russia's Druzhba crude pipeline

Published 20 May, 2019 11:45am

Energy

Prices rise on low Norway flows and weak wind

British wholesale gas prices rose on Monday morning on undersupply due to low flows from Norway and insufficient wind po

Published 20 May, 2019 09:34am

Energy

Russia to release first data on losses linked to contaminated oil on May 20

MOSCOW: A joint comission of Russian and Belarusian representatives will give the first numbers concerning losses in

Published 18 May, 2019 12:15pm

Energy

Exxon Mobil evacuates foreign staff from Iraqi oilfield

DUBAI/BASRA: Exxon Mobil has evacuated all of its foreign staff from Iraq's West Qurna 1 oilfield and is flying them

Published 18 May, 2019 11:50am

Energy

Angola LNG offers spot cargo for June delivery

LONDON: Angola's LNG has offered a spot cargo from its Soyo plant, two industry sources said on Friday. The cargo is

Published 17 May, 2019 08:24pm

Energy

Europe Distillates-Diesel cracks hover around 2-month high

LONDON: Benchmark diesel refining margins in northwest Europe fell slightly from a two-month high, pushed by refinery ou

Published 17 May, 2019 07:48pm

Energy

Oil lifted towards $73 by real and threatened supply cuts

LONDON: Oil edged up towards $73 a barrel on Friday, heading for a weekly gain, supported by supply cuts and concern

Published 17 May, 2019 04:16pm

Energy

Ukraine says oil transit to Europe suspended until Monday

KIEV: Ukraine's pipeline operator Ukrtransnafta confirmed on Friday that Russian oil flows transiting it to Europe w

Published 17 May, 2019 03:41pm

Energy

Russia's early May oil output below level set in global deal

MOSCOW: Russian oil output from May 1 to May 16 fell to 11.156 million barrels per day (bpd), below the 11.18 billio

Published 17 May, 2019 01:20pm

Energy

Czechs have oil reserves for 68 days after loans

PRAGUE: The Czech Republic has oil reserves for 68 days after two loans it gave to PKN Orlen's Unipetrol refineries to c

Published 16 May, 2019 08:56pm

Energy

Russia's Gazprom in talks on five-year Turkmen gas contract: Ifax

MOSCOW: Russian natural gas producer Gazprom is in talks to sign a five-year contract to buy gas in Turkmenistan, Interf

Published 16 May, 2019 08:36pm

Energy

Brent oil moves towards $73 on Middle East tensions

LONDON: Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in th

Published 16 May, 2019 08:22pm

Energy

Europe Gasoline/Naphtha-Cracks rise sharply on lower stocks

LONDON: Northwest European gasoline refining margins rose sharply on Thursday to $11.89 a barrel after supplies in the r

Published 16 May, 2019 07:43pm

Energy

Europe Distillates-Diesel cracks jump on refinery outages

LONDON: Benchmark diesel refining margins in northwest Europe hit a two-month high on Thursday, buoyed by refinery outag

Published 16 May, 2019 07:34pm

Energy

Oil prices rise for third session on Mideast tensions

LONDON: Oil prices rose on Thursday for the third day in a row as fears of supply disruptions amid heightened tensions i

Published 16 May, 2019 09:19am

Energy

Premier Oil raises output guidance for 2019

LONDON: Britain's Premier Oil increased its 2019 production guidance on Thursday, saying output had been boosted by effi

Published 16 May, 2019 08:54am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 16 May, 2019 08:21am

Energy

Russian clean oil flows to Poland and Germany to resume soon

MOSCOW: Deliveries of clean Russian oil via the northern route of the Druzhba pipeline to Poland and Germany are expecte

Published 15 May, 2019 09:26pm

Energy

Oil falls on US inventories rise, Middle East tensions cap losses

LONDON: Oil fell on Wednesday after data showed a surprise rise in US crude inventories and the US-Chinese trade dispute

Published 15 May, 2019 09:16pm

Energy

Oil prices trapped by grim news from emerging markets

LONDON: Consumption concerns have kept oil prices under pressure since the middle of April, even as threats to productio

Published 15 May, 2019 08:46pm

Energy

Europe Gasoline/Naphtha-Crack slips, falling inventories provide floor

LONDON: Northwest European gasoline refining margins inched down on Wednesday to $9.765 a barrel as demand from the Unit

Published 15 May, 2019 06:01pm

Energy

Diesel cracks rise on tighter supplies

LONDON: Benchmark diesel refining margins in northwest Europe rose by 5 percent on Wednesday with inventories in the reg

Published 15 May, 2019 05:59pm

Energy

North Sea Crude-Forties edges higher, underpinned by Urals contamination

LONDON: North Sea Forties crude differentials edged slightly higher on Wednesday at around a $1 a barrel premium underpi

Published 15 May, 2019 05:20pm

Energy

Russia to restart clean oil supply via Druzhba fully in May or early June

MOSCOW: Exports of clean Russian oil via the Druzhba pipeline, interrupted due to contamination, will be fully resto

Published 15 May, 2019 03:53pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 15 May, 2019 09:18am

Energy

Russia oil contamination impacts 250,000 bpd of Europe's refinery runs - IEA

LONDON: The impact on European refinery throughput in the second quarter of 2019 from contaminated crude on the Druzhba

Published 15 May, 2019 09:09am

Energy

Europe Gasoline/Naphtha-Crack slips on weaker overseas demand

LONDON: Northwest European gasoline refining margins declined on Tuesday to $10.27 a barrel amid weaker overseas demand.

Published 14 May, 2019 09:42pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 14 May, 2019 09:09pm

Energy

Russian oil flows via Druzhba to Poland, Germany still suspended: sources

MOSCOW: Russian oil supplies to Poland and Germany via the northern spur of the Druzhba pipeline in Belarus are still su

Published 14 May, 2019 08:23pm

Energy

Polish refiners see clean oil from Russian pipeline soon

KATOWICE: Polish refiners PKN Orlen and Grupa Lotos expect to receive normal quality oil via the Druzhba pipeline from R

Published 14 May, 2019 06:20pm

Energy

Oil prices jump on drone attack on Saudi Aramco facilities

NEW YORK: Oil prices rose nearly 2% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a

Published 14 May, 2019 06:17pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 14 May, 2019 06:13pm

Energy

Exxon's Mozambique LNG project plan gets approval

Exxon Mobil Corp said on Tuesday that its development plan for Rovuma liquefied natural gas (LNG) project in Mozambique

Published 14 May, 2019 06:06pm

Energy

Europe Gasoline/Naphtha-Crack slips on weaker overseas demand

LONDON: Northwest European gasoline refining margins declined on Tuesday to $10.27 a barrel amid weaker overseas demand

Published 14 May, 2019 06:06pm

Energy

Europe Distillates-Diesel cracks slide as Russian pipeline woes ease

LONDON: Benchmark diesel refining margins in northwest Europe fell sharply on Tuesday as concerns over contaminated crud

Published 14 May, 2019 06:05pm

Energy

Energy group Total says that Louisiana export terminal starts production

PARIS: French energy group Total said on Tuesday that the Cameron LNG export terminal in Louisiana had started up pr

Published 14 May, 2019 03:27pm

Energy

Oil prices jump on drone attack on Saudi Aramco facilities

LONDON: Oil prices rose on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni

Published 14 May, 2019 03:12pm

Energy

OPEC sees more 2019 demand for its oil as it keeps cutting output

LONDON: OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth

Published 14 May, 2019 03:04pm

Energy

Polish pipeline operator PERN to restart Russian oil flows if refinery clients agree

KATOWICE: Polish pipelines operator PERN will make it possible to restart flows of Russian oil if refinery clients j

Published 14 May, 2019 02:55pm

Energy

Oil supply crunch to test OPEC's spare capacity

LONDON: Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC comp

Published 14 May, 2019 08:26am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 14 May, 2019 08:01am

Energy

Outages from Russia to North Sea give physical crude a boost

LONDON: Crude oil markets in Europe and West Africa are gaining support from unplanned Russian, Iranian and North Sea su

Published 13 May, 2019 08:53pm

Energy

Europe Gasoline/Naphtha-Crack falls slightly but underpinned in tight market

LONDON: Northwest European gasoline refining margins edged lower, but held near one-week highs as German supplies were t

Published 13 May, 2019 08:48pm

Energy

Rosneft says it is evaluating fallout from contaminated oil

MOSCOW: The impact on Rosneft of oil contamination in the Druzhba pipeline will become clearer in the coming weeks as th

Published 13 May, 2019 08:22pm

Energy

Rosneft says Q1 oil output up 3.9pc y/y

MOSCOW: Russian oil giant Rosneft said on Monday its average daily crude oil and gas condensate production in the first

Published 13 May, 2019 08:19pm

Energy

Russia's Rosneft says Q1 earnings, oil output rose

MOSCOW: Russian oil producer Rosneft said on Monday its net income and oil production rose in the first quarter as it ra

Published 13 May, 2019 07:43pm

Energy

Russia's Rosneft puts its net debt at $43.9bn in Q1

MOSCOW: Russian energy giant Rosneft said on Monday its net debt stood at $43.9 billion in the first quarter, against $4

Published 13 May, 2019 07:29pm

Energy

Russia's Rosneft lifts profit in Q1

MOSCOW: Russia's largest oil producer Rosneft said Monday that its bottom-line profit rose sharply in the first three mo

Published 13 May, 2019 07:19pm

Energy

Poland sees no need to release more oil reserves

POLAND: Poland's energy minister said on Monday he saw no need to release more mandatory oil reserves after making some

Published 13 May, 2019 07:05pm

Energy

Equinor increases stake in Gulf of Mexico oilfield

OSLO/LONDON: Norwegian oil company Equinor has increased its stake in the Caesar Tonga oilfield in the US Gulf of Me

Published 13 May, 2019 04:50pm

Energy

Europe Gasoline/Naphtha-Crack falls slightly but underpinned in tight market

LONDON: Northwest European gasoline refining margins edged lower, but held near one-week highs as German supplies we

Published 13 May, 2019 04:46pm

Energy

German network agency awards 270 MW of onshore wind power licences

FRANKFURT: Germany's network agency Bundesnetzagentur on Monday said it awarded licences to build 295 megawatts (MW)

Published 13 May, 2019 03:38pm

Energy

Russian oil quality back to normal at Baltic port after contamination

MOSCOW/LONDON: Russia has begun shipping clean oil via the Baltic after a contamination problem disrupted flows for

Published 13 May, 2019 03:23pm

Energy

Oil supply crunch to test OPEC's spare capacity

LONDON: Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC

Published 13 May, 2019 03:05pm

Energy

Hungary's MOL receives Russian oil via Druzhba pipeline on test basis

MOSCOW/LONDON: Hungarian energy company MOL has started to receive Russian oil via the Druzhba pipeline on a test ba

Published 13 May, 2019 11:34am

Energy

Russian oil pumped via Transneft pipelines falls in May

MOSCOW: About 6% less oil was pumped through the pipeline network of Russia's Transneft from May 1 to May 12 compared wi

Published 13 May, 2019 11:02am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 13 May, 2019 08:59am

Energy

Belarus state oil firm says Novopolotsk refinery short on clean oil: statement

MINSK: Belarus state oil firm Belneftekhim said in a statement on Saturday that not enough clean oil is available for th

Published 11 May, 2019 08:16pm

Energy

Belarus' Lukashenko says damages from contaminated oil 'enormous'

MINSK: The president of Belarus Alexander Lukashenko said on Saturday the cost of damages from contaminated oil rece

Published 11 May, 2019 11:46am

Energy

Russian oil flows to Europe drop amid contamination

Russia halted oil flows along the Druzhba pipeline to Eastern Europe and Germany in April because of contaminated crude,

Published 10 May, 2019 07:59pm

Energy

Prices stable amid lack of end-user buying

LONDON: Liquefied natural gas (LNG) prices in Asia held largely steady this week, taking a breather after recovering fro

Published 10 May, 2019 07:53pm

Energy

Europe Gasoline/Naphtha-Cracks end week higher on strong demand

LONDON: Northwest European gasoline refining margins ended the week slightly higher, supported by strong inland demand a

Published 10 May, 2019 07:45pm

Energy

Clean oil loading at Ust-Luga port: Russian energy ministry

MOSCOW: Russia's energy ministry said on Friday that tankers were being loaded with clean oil at the Baltic port of Ust-

Published 10 May, 2019 07:32pm

Energy

Poland's Lotos says gets Russian oil from Primorsk

WARSAW: Poland's number two refiner Grupa Lotos said late on Thursday it received oil supplies from the Russian coastal

Published 10 May, 2019 07:07pm

Energy

Poland says no threat to oil product supply despite pipeline halt

WARSAW: Poland sees no threat to its oil product supplies despite the suspension in April of deliveries of crude via

Published 10 May, 2019 04:36pm

Energy

Oil prices set for weekly fall as US-China trade tensions weigh

LONDON: Oil prices edged up on Friday but were still set to fall over the week, as support due to supply concerns wa

Published 10 May, 2019 04:34pm

Energy

Russian oil quality in Ust-Luga approaching normal

LONDON: Russian oil quality at the Baltic port of Ust-Luga was approaching normal levels on Friday after being conta

Published 10 May, 2019 04:08pm

Energy

Equinor extends Oseberg field shutdown into next week

OSLO: Production at Norway's Oseberg oil and gas field, whose crude is a part of global oil benchmark Bren

Published 10 May, 2019 04:04pm

Energy

Oil gains as supply factors offset trade tensions

LONDON: Oil prices rose on Friday even as the start of U.S. President Donald Trump's tariff hike on $200 billion of Chin

Published 10 May, 2019 10:16am

Energy

Prices rise on undersupply, low wind output

LONDON: British wholesale gas prices rose on Friday morning due to lower imports from Norway and low wind generation.

Published 10 May, 2019 08:27am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 10 May, 2019 07:56am

Energy

Rosneft to boost oil exports from Pacific amid problems in Europe: trade

MOSCOW: Russia's Rosneft will load an extra crude oil cargo from the Pacific port of Kozmino on May 30-31 in addition to

Published 09 May, 2019 07:54pm

Energy

Oil quality problems at Russia's Ust-Luga seen lasting until May 11: trade

LONDON: Russian oil quality from the Baltic port of Ust-Luga was improving on Thursday but was still not good enough for

Published 09 May, 2019 07:54pm

Energy

Europe Gasoline/Naphtha-Cracks rise after sharp drop in ARA stocks

LONDON: Northwest European gasoline refining margins rose on Thursday after a sharp drop in ARA stocks. Gasoline stoc

Published 09 May, 2019 07:27pm

Energy

Oil down as US-China trade fears outweigh inventory drop

LONDON: Oil prices fell on Thursday, reversing earlier gains, as an escalating trade battle between the United State

Published 09 May, 2019 03:42pm

Energy

OPEC in the dark on oil supply as Russia, Iran cut exports

DUBAI/LONDON: OPEC is in the dark on the oil supply outlook for the second half of this year, with Iranian and Russi

Published 09 May, 2019 03:39pm

Energy

Bulgaria scraps electricity export fees from July

SOFIA: Bulgaria will scrap the export fee on electricity from July and oblige hundreds of small wind and solar energ

Published 09 May, 2019 03:32pm

Energy

Greek grid gets $200mn EIB loan for Crete undersea power link

ATHENS: Greece moved closer to cutting Crete's reliance on oil to generate power on Thursday as grid operator ADMIE

Published 09 May, 2019 03:30pm

Energy

Russian oil contamination still a problem for buyers at Ust-Luga port

LONDON/MOSCOW: Russian oil quality from the Baltic port of Ust-Luga was improving on Thursday but still not good eno

Published 09 May, 2019 03:13pm

Energy

Oil steadies as US-China trade war balances inventory drop

LONDON: Oil prices steadied on Thursday as an escalating trade battle between the United States and China counteract

Published 09 May, 2019 12:31pm

Energy

Prices rise on reduced Norwegian production, weak wind

LONDON: British wholesale gas prices rose on Thursday morning due to reduced gas supplies from Norway and a drop in wind

Published 09 May, 2019 10:27am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 09 May, 2019 08:41am

Energy

Azeri BTC crude oil loading plan from Ceyhan seen little changed in June/May: schedule

MOSCOW: Azeri BTC crude oil loadings from Turkey's Ceyhan port set at 19.15 million barrels in June compared to 20.15 mi

Published 08 May, 2019 08:58pm

Energy

Europe Distillates-Diesel cracks steady, US stocks dip

LONDON: Benchmark diesel refining margins in northwest Europe were little changed on Wednesday as US weekly inventories

Published 08 May, 2019 08:42pm

Energy

West Africa Crude-US imports, gap left by Iran sanctions boost West African crude

LONDON: Nigerian and Angolan crude continued to sell well as demand was robust in the United States ahead of the summer

Published 08 May, 2019 08:06pm

Energy

US sanctions on Iranian oil risk stoking OPEC tensions

LONDON: Washington is counting on Middle East allies to help prevent its sanctions on Iran's oil exports from sending oi

Published 08 May, 2019 07:34pm

Energy

Poland gas link on track for 2022, field acquisitions coming

OSLO: A planned pipeline linking Norwegian natural gas fields to markets in Denmark and Poland is on track for compl

Published 08 May, 2019 03:44pm

Energy

Prices mixed as system well supplied

LONDON: British wholesale gas prices were mixed on Wednesday, with an oversupplied system weighing on within-day prices

Published 08 May, 2019 11:02am

Energy

Markets missing fossil fuel exposure to climate risk: analysis

PARIS: Investors are overlooking the long-term risks climate change poses to oil and gas infrastructure firms, which fac

Published 07 May, 2019 08:13pm

Energy

Russian oil flows to Europe drop amid contamination

LONDON: The quality of Russian crude is gradually improving after a contamination scandal that rocked oil markets, buyer

Published 07 May, 2019 08:13pm

Energy

Europe Gasoline/Naphtha-Cracks slip as high inventories weigh

LONDON: Northwest European gasoline refining margins fell on Tuesday, pressured by higher regional stocks. Gasoline s

Published 07 May, 2019 07:39pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 07 May, 2019 07:27pm

Energy

Oil slips more than 1pc as US-China trade war intensifies

LONDON: Oil prices fell on Tuesday as renewed doubts over US-China trade talks stoked concerns over global growth, but U

Published 07 May, 2019 07:26pm

Energy

Siemens Gamesa sees busy summer boosting squeezed margins

MADRID: Siemens Gamesa expects its project pipeline for building more windfarms in the second half of the year to bo

Published 07 May, 2019 11:41am

Energy

Prices fall on Norway flows, forecasts for strong wind

British wholesale gas prices fell on Tuesday due to an increase in Norwegian gas flows and as weather forecasts indicate

Published 07 May, 2019 10:07am

Energy

Oil dips as U.S.-China trade war intensifies, but Gulf tensions mount

LONDON: Oil prices fell on Tuesday as renewed doubts over U.S.-China trade talks stoked jitters over global growth, but

Published 07 May, 2019 09:38am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 07 May, 2019 08:03am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 06 May, 2019 07:27pm

Energy

Oil prices slump after Trump's tariff threat against China

LONDON: Oil prices tumbled on Monday after US President Donald Trump said he would sharply raise tariffs on Chinese

Published 06 May, 2019 03:41pm

Energy

Turkey rejects US criticism over drilling off Cyprus

ANKARA: Turkey on Monday rejected US criticism of its plans to start exploratory drilling for oil and gas off Cyprus

Published 06 May, 2019 03:15pm

Energy

Ukraine says Russian gas transit rises 6pc in Jan-April

KIEV: Russian natural gas volumes piped via Ukraine to European consumers in the first four month of 2019 rose to 29

Published 06 May, 2019 02:25pm

Energy

Total enters $8.8bn deal with Occidental for Anadarko's Africa assets

PARIS: French energy major Total said on Sunday it had reached a binding agreement with Occidental to acquire Anadar

Published 06 May, 2019 02:12pm

Energy

Russia delivers clean oil to Mozyr refinery in Belarus

MOSCOW: The Russian energy ministry said on Saturday that clean Russian crude oil meeting all quality requirements had a

Published 04 May, 2019 07:04pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 03 May, 2019 08:55pm

Energy

Gunvor's Rotterdam oil refinery shuts one CDU: sources

LONDON: Gunvor's 88,000 barrel per day (bpd) Rotterdam oil refinery shut one crude distillation unit (CDU), two industry

Published 03 May, 2019 08:53pm

Energy

Europe Gasoline/Naphtha-Cracks fall after high stockpile data

LONDON: Northwest European gasoline refining margins, weighed down by high stockpiles, fell on Friday from an eight-mont

Published 03 May, 2019 08:02pm

Energy

Oil prices headed for weekly decline as US output grows

LONDON: Oil prices were on track Friday for weekly declines as surging US output countered production losses in sanction

Published 03 May, 2019 07:56pm

Energy

Russia to cut oil output by about 10pc in coming days as exports suffer: sources

LONDON: Russia is cutting oil output by as much as 10 percent for several days amid disruptions due to contamination of

Published 03 May, 2019 07:50pm

Energy

European diesel markets rally on Russia pipeline shutdown

LONDON: The European diesel market is finding unexpected support from disruption in the refining sector after the sh

Published 03 May, 2019 04:51pm

Energy

Yamal LNG's cargo to China signals start of regular supply

LONDON: Russia's Yamal liquefied natural gas (LNG) project has sent its first cargo to China this year, signalling t

Published 03 May, 2019 04:29pm

Energy

Poland, Hungary, Czechs to release 8mn barrels of crude from stocks

LONDON: Poland, Hungary and the Czech Republic are making available to their domestic refiners around 8 million barr

Published 03 May, 2019 02:58pm

Energy

Oil prices poised for weekly drop as US output climbs

LONDON: Oil prices were on track for sharp weekly declines on Friday as surging US output countered production losse

Published 03 May, 2019 01:57pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 03 May, 2019 08:01am

Energy

Russian oil output falls in April but fails to reach reduction target

MOSCOW: Russia's oil production fell to 11.23 million barrels per day (bpd) in April from 11.3 million bpd in March, but

Published 02 May, 2019 08:56pm

Energy

OPEC tries to depoliticise oil, Barkindo says in Tehran

GENEVA: OPEC tries to depoliticise oil, the producer group's secretary-general was quoted by the Iranian oil ministry as

Published 02 May, 2019 08:51pm

Energy

Oil prices weighed down by record US output, inventories

LONDON; Oil prices fell on Thursday, pulled down by record US crude production that led to a surge in inventories. Br

Published 02 May, 2019 08:50pm

Energy

Poland releases 800,000 T of oil reserves after Russian imports halted

WARSAW: Poland's energy ministry has decided to release mandatory oil reserves to secure output at domestic refineries a

Published 02 May, 2019 08:42pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 02 May, 2019 07:53pm

Energy

Russian oil flows to Ust Luga seen returning to normal by May 5-6: traders

LONDON: Russian oil flows to the Baltic Sea port of Ust Luga are expected to return to normal quality by May 5-6 after a

Published 02 May, 2019 07:47pm

Energy

Europe Gasoline/Naphtha-Cracks rise as crude slumps below $70

LONDON: Northwest European gasoline refining margins rose sharply for a second day on Thursday as crude prices slumped m

Published 02 May, 2019 07:38pm

Energy

Oil falls more than $1 on record US output, inventories

LONDON: Oil fell more than $1 per barrel on Thursday, pulled down by record US crude production that led to a surge

Published 02 May, 2019 03:48pm

Energy

Poland plans floating terminal to boost LNG imports

Poland has decided to install a floating liquefied natural gas (LNG) receiving terminal, in addition to expanding it

Published 02 May, 2019 03:32pm

Energy

Two German refineries arrange additional tanker supply in Russia pipeline crisis

FRANKFURT: Shareholders of two German refineries are arranging crude tanker shipments via the Baltic Sea in response

Published 02 May, 2019 03:02pm

Energy

Turkey cannot quickly abandon Iranian oil, minister says as US waiver ends

ISTANBUL: Turkey will be unable to diversify oil imports quickly after the United States ended waivers on purchases

Published 02 May, 2019 02:53pm

Energy

Russia says clean oil has reached Belarus via Druzhba pipeline

MOSCOW: The Russian energy ministry confirmed that clean oil reached Belarus via the Druzhba pipeline on Thursday.

Published 02 May, 2019 02:51pm

Energy

Russian oil output falls in April, fails to reach target cuts

MOSCOW: Russia's oil output fell to 11.23 million barrels per day (bpd) in April from 11.3 million bpd in March, but was

Published 02 May, 2019 09:44am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 02 May, 2019 09:24am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 01 May, 2019 07:34pm

Energy

Oil prices dip after US crude stocks rise

LONDON: Oil prices inched down on Wednesday after an unexpected rise in US crude inventories, but the fall was limit

Published 01 May, 2019 01:21pm

Energy

OPEC oil output falls by 90,000 bpd in April: survey

LONDON: The following table shows crude oil output by the Organization of the Petroleum Exporting Countries (OPEC) in mi

Published 30 Apr, 2019 08:49pm

Energy

Steep fall in Chicago sends EU wheat to contract lows

PARIS: European wheat prices touched new contract lows on Tuesday, pressured by a sharp fall on US markets after better

Published 30 Apr, 2019 08:40pm

Energy

Maintenance at Rosneft's Tuapse refinery extended to May 15: sources

MOSCOW: Russia's Tuapse refinery, owned by the country's top oil producer Rosneft, has extended maintenance on its sole

Published 30 Apr, 2019 08:37pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 30 Apr, 2019 08:36pm

Energy

Russian oil products export from Black Sea port of Tuapse seen at 1.036mn t in May

MOSCOW: Russian oil product exports from the Black Sea port of Tuapse are set to fall by 29.8 percent on a daily basis t

Published 30 Apr, 2019 08:01pm

Energy

OPEC oil output hits four-year low in April on Iran, Venezuela

LONDON: OPEC oil supply hit a four-year low in April, a Reuters survey found, due to further involuntary declines in san

Published 30 Apr, 2019 07:59pm

Energy

LNG tankers Aamira and Zarga to arrive in Britain in mid: May

OSLO: Liquefied natural gas (LNG) tankers Aamira and Zarga are heading to Britain's Milford Haven terminal to unload

Published 30 Apr, 2019 07:59pm

Energy

Polish refiner says taps state strategic oil reserves

WARSAW: Poland's second largest refiner, Grupa Lotos, has started to use the state's strategic oil reserves, Deputy Chie

Published 30 Apr, 2019 07:51pm

Energy

Pipelines may contain 5mn tonnes of polluted Russian oil

MINSK: Pipelines in Russia, Belarus, Ukraine and Poland are estimated to contain 5 million tonnes of contaminated Ru

Published 30 Apr, 2019 04:33pm

Energy

Hungary says 350,000-1,000,000 tonnes of crude was contaminated

BUDAPEST: Between 350,000 and 1 million tonnes of crude oil received by Hungary from the Russian Druzhba pipeline wa

Published 30 Apr, 2019 01:16pm

Energy

Iran to keep exporting crude oil despite U.S. pressure -Iran president

GENEVA: Iran will continue to export oil despite U.S. pressure aimed at reducing the nation's crude oil shipments to zer

Published 30 Apr, 2019 09:32am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 30 Apr, 2019 09:28am

Energy

Record Russian gas sales to Europe help Gazprom profits double

MOSCOW: Russian gas producer Gazprom doubled its annual net profit last year, led by record sales to Europe despite pres

Published 29 Apr, 2019 10:05pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 29 Apr, 2019 09:49pm

Energy

Clean Russian oil has reached Belarus via key pipeline, Moscow says

MINSK/MOSCOW: Clean Russian oil had reached the border with Belarus by midday on Monday, a Russian official said, five d

Published 29 Apr, 2019 09:47pm

Energy

Belarusian oil company says no decision reached yet on Russian oil

MOSCOW: Deputy head of Belarus state oil company Belneftekhim, Vladimir Sizov, on Monday said that negotiations with Rus

Published 29 Apr, 2019 09:26pm

Energy

Exports of Nigeria's Amenam crude oil under force majeure

LONDON: Exports of Nigeria's Amenam crude oil are under force majeure, oil sources told Reuters on Monday. Oil tr

Published 29 Apr, 2019 02:57pm

Energy

Clean Russian oil yet to reach Belarus via major pipeline to Europe

MINSK/MOSCOW: Belarus said on Monday that clean Russian oil had yet to reach its borders via a major pipeline supply

Published 29 Apr, 2019 12:29pm

Energy

Oil prices stumble as hedge funds become overextended

LONDON: Hedge fund managers added even more bullish long positions in crude oil and refined fuels last week, but pos

Published 29 Apr, 2019 12:21pm

Energy

Clean oil has reached border station near Belarus

MOSCOW: Clean oil had reached the Russian border station of Unecha near the Belarusian border by midday on Monday, a

Published 29 Apr, 2019 12:10pm

Energy

Exports of Nigeria's Amenam crude oil under force majeure - oil sources

LONDON: Exports of Nigeria's Amenam crude oil are under force majeure, oil sources told Reuters on Monday. Oil trader

Published 29 Apr, 2019 10:25am

Energy

U.S. sanctions on Iran, Venezuela set up crunch for heavier oil

LONDON: Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing global supply of

Published 29 Apr, 2019 07:39am

Energy

Russia won't immediately raise oil output after Iran waivers end

BEIJING: Russia will not immediately raise oil output after the United States ends sanctions waivers for buyers of I

Published 27 Apr, 2019 02:10pm

Energy

Russia to restore oil supplies within two weeks: Deputy PM

MOSCOW: Russian Deputy Prime Minister Dmitry Kozak said in a statement that Russia, Belarus, Poland and Ukraine agreed o

Published 26 Apr, 2019 09:45pm

Energy

Oil major Total targets expansion in retail power market

PARIS: Oil major Total is picking up about 150,000 retail energy customers a month in France and is on course to hit its

Published 26 Apr, 2019 09:36pm

Energy

Kiev expects oil supplies from Russia to resume by early May

MINSK: The head of Ukraine's Ukrtransnafta Nikolai Gavrilenko said on Friday that a technical solution to Russian oil co

Published 26 Apr, 2019 09:22pm

Energy

Diesel cracks end week at lowest since July 2018

LONDON: Diesel margins in northwestern Europe ended the week some 10 percent lower at around $12 a barrel, the lowest si

Published 26 Apr, 2019 08:59pm

Energy

Oil dips but set for milestone run of weekly gains

LONDON: Oil prices dipped on Friday on expectations that OPEC will raise output to counter shrinking exports from Ir

Published 26 Apr, 2019 03:37pm

Energy

Russia, Poland, Ukraine, Belarus officials discuss poor oil quality

MINSK: Russian, Polish, Ukrainian and Belarusian officials will meet in Minsk on Friday to discuss the recent poor q

Published 26 Apr, 2019 02:04pm

Energy

Oil major Total's Q1 net profit slips despite record output

PARIS: French energy major Total said its net profit for the first three months of the year fell 4 percent to $2.8 billi

Published 26 Apr, 2019 09:14am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 26 Apr, 2019 09:12am

Energy

Russia's Novatek to sell 20pc in Arctic LNG 2 to China

MOSCOW: Two Chinese companies signed agreements with Russia's Novatek on Thursday to buy a combined 20 percent stake in

Published 25 Apr, 2019 08:39pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 25 Apr, 2019 08:36pm

Energy

Iraq's southern oil exports rebound in April: Petro-Logistics

LONDON: Oil exports from southern Iraq have rebounded so far in April, a leading tanker-tracking company said on Thursda

Published 25 Apr, 2019 08:26pm

Energy

Urals crude oil loadings from Ust-Luga halted as buyers cite quality issues: trade

MOSCOW: Urals crude oil shipments from Ust-Luga port were halted on Wednesday as buyers refused to load cargoes, citing

Published 25 Apr, 2019 06:04pm

Energy

Russia to supply clean oil to border with Belarus on April 29

MOSCOW: Clean Russian oil is expected to reach a border with Belarus via a pipeline on April 29, Deputy Prime Minist

Published 25 Apr, 2019 01:46pm

Energy

Belarus estimates losses from lower oil product exports at around $100mn

MOSCOW: Minsk estimates its loss from lower oil product exports due to contaminated Russian oil at around $100 milli

Published 25 Apr, 2019 01:18pm

Energy

Brent oil hits $75 for first time in 2019 as Russian exports cut

LONDON: Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns forced the

Published 25 Apr, 2019 01:11pm

Energy

Germany has enough supply to cope with Russian oil pipeline halt

FRANKFURT: German refineries have adequate oil stocks to deal with a halt to import flows on the Russian Druzhba pip

Published 25 Apr, 2019 01:09pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 25 Apr, 2019 09:12am

Energy

Germany, Poland halt oil imports via Russian pipeline over quality concerns

MOSCOW: Major Russian oil buyers Poland and Germany have suspended imports of Russian crude via a major pipeline, citing

Published 25 Apr, 2019 08:26am

Energy

Russian government to hold meeting on oil quality as problems worsen - sources

MOSCOW: Russian government officials will hold a meeting on Thursday to discuss oil quality issues after Poland and Germ

Published 25 Apr, 2019 08:24am

Energy

Russia's Novatek launches Vysotsk LNG plant, wants to boost capacity

ST PETERSBURG: Russia's Novatek has officially launched its second liquefied natural gas (LNG) plant as it aims to expan

Published 24 Apr, 2019 10:55pm

Energy

Russia's Surgut to sell up to 60,000T of vacuum gasoil in Aug-Sept: traders

MOSCOW: Russian oil producer Surgutneftegaz plans to sell up to 60,000 tonnes of vacuum gasoil (VGO), produced at the Ki

Published 24 Apr, 2019 10:52pm

Energy

Gail offers 10 US LNG cargoes for June 2019 to March 2020 loading

LONDON: Gail India on Wednesday offered 10 cargoes of liquefied natural gas (LNG) loading in the United States, three tr

Published 24 Apr, 2019 09:56pm

Energy

Europe Gasoline/Naphtha-Cracks fall, lower US stocks support

LONDON: Northwest European gasoline refining margins eased on Wednesday but a larger than expected drop in US weekly inv

Published 24 Apr, 2019 08:35pm

Energy

Oil firm Equinor agrees climate change targets with investors

OSLO/LONDON: Norwegian oil and gas company Equinor will revise its climate targets next year and assess its investments

Published 24 Apr, 2019 07:22pm

Energy

Oil firm Seplat eyes $700mn for Nigerian gas development

LONDON: Nigerian oil company Seplat said on Wednesday it had taken a final investment decision to develop gas fields in

Published 24 Apr, 2019 07:20pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 24 Apr, 2019 07:17pm

Energy

Oil hovers around 6-month high as US stocks rise

LONDON: Oil prices hovered around six-month highs on Wednesday after data showing rising US stocks countered fears o

Published 24 Apr, 2019 04:25pm

Energy

Putin says Russia to boost LNG output for greater market role

ST PETERSBURG: Russia will gradually increase its production of liquefied natural gas (LNG) in order to play a great

Published 24 Apr, 2019 04:18pm

Energy

Russian oil flow contamination roils Europe's refiners

MOSCOW: The quality of Russian oil flowing to northern and central Europe has deteriorated significantly in recent d

Published 24 Apr, 2019 04:12pm

Energy

Rotterdam set to receive Pskov LNG tanker on April 24 - shipping data

LONDON: Rotterdam Port in the Netherlands is set to receive liquefied natural gas (LNG) tanker Pskov on April 24, Refini

Published 24 Apr, 2019 09:49am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 24 Apr, 2019 09:44am

Energy

Europe Gasoline/Naphtha-Crack rises on higher exports, demand

LONDON: Northwest European gasoline refining margins rose on Tuesday supported by strong exports from the region and sig

Published 23 Apr, 2019 11:29pm

Energy

Oil hits highest since November as US to tighten Iran sanctions

LONDON: Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of

Published 23 Apr, 2019 02:58pm

Energy

Oil traders to Saudi Arabia: ‘show us the barrels’

LONDON: "The United States, Saudi Arabia and the United Arab Emirates ... are committed to ensuring that global oil

Published 23 Apr, 2019 01:38pm

Energy

LNG tankers Arctic Voyager and Lijmiliya heading to Britain

OSLO: The Arctic Voyager liquefied natural gas (LNG) tanker is expected to arrive at Britain's Isle of Grain LNG termina

Published 23 Apr, 2019 08:50am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 23 Apr, 2019 08:46am

Energy

Oil price rise pushes up euro zone debt yields

LONDON: Government bond yields in the euro area nudged up on Tuesday, as oil prices rose to their highest levels this ye

Published 23 Apr, 2019 08:24am

Energy

Oil hits 2019 high on US plan to tighten squeeze on Iran

LONDON: Oil topped $74 a barrel on Monday, the highest since November, as the United States was set to announce a furthe

Published 22 Apr, 2019 07:30pm

Energy

W. Africa Crude-Scarcer Angolan cargoes sell fast, Nigeria selling prices lower

LONDON: Angolan crude was already selling rapidly and at sky-high prices after the preliminary loading programme for

Published 18 Apr, 2019 08:39pm

Energy

Oil prices steady despite Saudi export cuts, US inventory draw

LONDON: Oil prices were little changed on Thursday as a drop in crude exports from OPEC's defacto leader Saudi Arabi

Published 18 Apr, 2019 08:24pm

Energy

Med Crude-Urals diffs in NW Europe slip below dated Brent as Glencore sells cargo

MOSCOW: Urals crude differentials in northwest Europe lost 35 cents a barrel to dated Brent on Thursday, with only o

Published 18 Apr, 2019 08:12pm

Energy

Oil prices rise on lower U.S. stocks, OPEC+ supply cuts

LONDON: Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPE

Updated 18 Apr, 2019 09:12pm

Energy

Oil prices rise on lower US stocks, OPEC+ supply cuts

LONDON: Oil prices rose slightly on Thursday, boosted by a decline in US inventories, ongoing supply cuts from OPEC and

Published 18 Apr, 2019 03:20pm

Energy

Portugal petrol strike lifted

LISBON: Fuel haulers in Portugal lifted on Thursday a strike that caused long lines at petrol stations days before a lon

Published 18 Apr, 2019 01:52pm

Energy

Portugal's fuel-tanker truckers call off damaging strike

LISBON: Portuguese fuel-tanker drivers have ended a national strike after agreeing to return to negotiations over demand

Published 18 Apr, 2019 09:59am

Energy

Shell says its Dutch petchem plant going down, maintenance not yet confirmed

LONDON:* Royal Dutch Shell said its Moerdijk petrochemical plant in the Netherlands was shutting down, but a planned mai

Published 18 Apr, 2019 09:09am

Energy

Oil hits 2019 high above $72 on China growth, lower US inventories

LONDON: Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and

Published 17 Apr, 2019 09:16pm

Energy

German gas imports rise in first two months of 2019, bill up 12.5pc y/y

FRANKFURT: Germany imported 0.6 percent more gas in the first two months of 2019 than a year earlier and its import

Published 17 Apr, 2019 08:41pm

Energy

W. Africa Crude-Angola set for lowest exports in 13 years in June

LONDON: Price differentials for Angolan crude were set to go off the charts on Wednesday after the state oil company

Published 17 Apr, 2019 08:19pm

Energy

Angola's crude exports to hit lowest level in 13 years in June

LONDON: Angola's crude oil exports will fall in June to their lowest level in 13 years due to a shutdown at the Satu

Published 17 Apr, 2019 08:12pm

Energy

Oil prices rise for a second day on China demand, US stockpile drop

SEOUL: Oil prices rose for a second day on Wednesday on signs of strong demand from refineries in China, the world's sec

Published 17 Apr, 2019 03:16pm

Energy

Oil hits 2019 high above $72 on China growth, lower US

LONDON:Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fal

Published 17 Apr, 2019 02:44pm

Energy

Kazakhstan's Q1 oil, gas condensate output up 2.7 pct

ALMATY: Kazakhstan's output of oil and gas condensate rose 2.7 percent year-on-year in the first quarter of 2019 to 23.

Published 17 Apr, 2019 02:41pm

Energy

CNOOC offers LNG cargo for July delivery amid high stocks in China

LONDON: China National Offshore Oil Corp (CNOOC) is offering to buyers a cargo of liquefied natural gas (LNG) for July d

Published 17 Apr, 2019 02:29pm

Energy

Oil hits 2019 high above $72 on China growth, lower U.S. inventories

LONDON: Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fa

Published 17 Apr, 2019 10:21am

Energy

Angola's crude oil exports to fall sharply in June on field shutdown

LONDON: Angola's crude oil exports will fall sharply in June due to a shutdown at the Saturno field during that month, a

Published 17 Apr, 2019 10:01am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 17 Apr, 2019 06:32am

Energy

Upstart Russian oil firm, with Goldman Sachs backing, bucks industry blues

YARAKTA OIL FIELD: In the frozen taiga of eastern Siberia, where bears roam in spring after waking from hibernation, an

Published 16 Apr, 2019 03:42pm

Energy

Oil slips to $71, hit by talk of higher OPEC+ production

LONDON: Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher US inventories and conc

Published 16 Apr, 2019 03:41pm

Energy

Total CEO says company pledges 100 million euro to rebuild Notre-Dame

PARIS: French energy major Total will make a 100 million euro ($112.98 million) contribution to the reconstruction of th

Published 16 Apr, 2019 01:54pm

Energy

Oil slips to $71, hit by talk of higher OPEC+ production

LONDON: Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and co

Published 16 Apr, 2019 09:55am

Energy

Prices dip on expectations of warmer weather

LONDON: British wholesale gas prices fell on Tuesday morning as expectations of warmer temperatures curbed demand.

Published 16 Apr, 2019 08:43am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 16 Apr, 2019 07:54am

Energy

Med Crude-Urals diffs stable, CPC Blend bid higher

MOSCOW: Urals crude differentials to dated Brent in northwest Europe and Mediterranean were stable on Monday, while

Published 15 Apr, 2019 08:33pm

Energy

Spot gains, curve tracks carbon and coal higher

PARIS: European spot power prices for day-ahead delivery nudged higher on Monday supported by a forecast increase in Ger

Published 15 Apr, 2019 02:09pm

Energy

Shell says strikes cause TGI shutdown at Pernis

LONDON: Royal Dutch Shell said the TGI unit at its 404,000 barrels per day Pernis plant in the Netherlands, Europe's

Published 15 Apr, 2019 02:08pm

Energy

Oil pauses; focus on future supply direction

TOKYO/LONDON: Oil prices halted their rally on Monday with Brent futures falling below $71 per barrel on signals that Ru

Published 15 Apr, 2019 02:04pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherl

Published 15 Apr, 2019 01:52pm

Energy

Hyundai Heavy says Aramco buys 17 pct stake in S.Korean refiner unit for $1.2bn

SEOUL: The biggest shareholder in South Korean oil refiner Hyundai Oilbank said on Monday that state-owned Saudi Aramco

Published 15 Apr, 2019 01:50pm

Energy

Russia's oil export duty to rise to $104.6/T in May

MOSCOW: Russia's oil export duty <CL-EXPDTY-RU> is expected to rise to $104.6 per tonne in May from $97.4 per tonn

Published 15 Apr, 2019 10:30am

Energy

Prices fall on warm weather forecast

LONDON: British wholesale gas prices fell on Monday morning on expectations of a drop in gas demand due to forecasts for

Published 15 Apr, 2019 10:19am

Energy

LNG tanker Gaslog Sydney to unload in the Netherlands on April 17

LONDON: Liquified natural gas (LNG) tanker the Gaslog Sydney is heading to the Dutch Gate terminal to deliver a cargo on

Published 15 Apr, 2019 08:43am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 15 Apr, 2019 08:38am

Energy

Oil rally pauses with focus on supply direction

TOKYO/LONDON: Oil prices halted their rally on Monday with Brent futures falling below $71 per barrel on signals tha

Updated 15 Apr, 2019 09:14pm

Energy

Fire breaks out at Lukoil's refinery in Russia's Urals

MOSCOW: A fire broke out at a refinery of Russian oil producer Lukoil in Russia's Urals region of Perm on Sunday but has

Published 14 Apr, 2019 03:34pm

Energy

Russia, OPEC may ditch oil deal to fight for market share - Russian minister

MOSCOW: Russia and OPEC may decide to boost production to fight for market share with the United States but this would p

Published 13 Apr, 2019 03:51pm

Energy

Oil rises as supply constraints outweigh China slowdown fears

LONDON: Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a t

Published 12 Apr, 2019 01:36pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 12 Apr, 2019 01:34pm

Energy

Crude gains to propel oil stocks higher as earnings loom

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anc

Published 12 Apr, 2019 01:20pm

Energy

CPC Blend crude oil exports set at 4.6mn t for May - preliminary schedule

MOSCOW: CPC Blend crude oil exports from the Black Sea's Yuzhnaya Ozereyevka terminal were set at 4.6 million tonnes fo

Published 12 Apr, 2019 01:20pm

Energy

Prices fall due to oversupply

LONDON: British wholesale gas prices fell on Friday morning, erasing some of the gains made earlier this week after carb

Published 12 Apr, 2019 10:54am

Energy

Oil rises as supply constraints outweigh China slowdown fears

LONDON: Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a t

Published 12 Apr, 2019 10:10am

Energy

Oil scores best run in 3 years as dollar, stocks tread water

LONDON: Signs of a stabilisation in China's giant economy and a soggy dollar helped oil markets cement their best run fo

Published 12 Apr, 2019 09:42am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 12 Apr, 2019 06:54am

Energy

OPEC could raise oil output if prices increase, shortages mount: sources

DUBAI/LONDON/MOSCOW: OPEC could raise oil output from July if Venezuelan and Iranian supply drops further and prices

Published 11 Apr, 2019 08:56pm

Energy

Saudi oil cuts deeper than promised: IEA

PARIS: Saudi Arabia has slashed its oil production by more than promised as part of a pact to boost oil prices, the Inte

Published 11 Apr, 2019 09:07am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 11 Apr, 2019 07:22am

Energy

Venezuela reports collapse in oil supply, tightening global market: OPEC

LONDON: Venezuela told OPEC that the country's oil output sank to a new long-term low last month due to U.S. sanctio

Published 10 Apr, 2019 07:25pm

Energy

Oil prices slip as US stocks surge, but global market tightens

LONDON: Rising U.S. crude stocks dragged oil lower on Thursday but prices continued to find a floor as OPEC-led cuts

Updated 11 Apr, 2019 09:11pm

Energy

Med crude-Urals diffs stable, Azeri BTC premiums jump

MOSCOW: Urals differentials were stable on Wednesday as April trading has slowed down, while premiums for May Azeri

Published 10 Apr, 2019 06:51pm

Energy

Oil rallies as steep US gasoline stock draw overshadows crude build

NEW YORK: Oil prices rose on Wednesday after US data showing a hefty drawdown in gasoline stocks overshadowed crude inve

Published 10 Apr, 2019 03:32pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 10 Apr, 2019 02:22pm

Energy

Shell says strike yet to shut units at Pernis oil refinery

LONDON: Royal Dutch Shell is yet to shut down any units at its Pernis oil refinery in the Netherlands despite workers at

Published 10 Apr, 2019 01:16pm

Energy

Oil up on tight supply, but economic slowdown weighs

LONDON: Oil prices rose on Wednesday back towards five-month highs hit the previous day, as OPEC production cuts and US

Published 10 Apr, 2019 01:14pm

Energy

Venezuela, Saudi oil output slumps: OPEC

PARIS: OPEC's oil output dropped sharply last month as a result of steep production cuts in Venezuela and kingpin Saudi

Published 10 Apr, 2019 12:43pm

Energy

Overpriced Aramco debt still has a Saudi discount

LONDON: Aramco's <IPO-ARAM.SE> debt is both cheap and overpriced. That's the takeaway from the Saudi oil giant's m

Published 10 Apr, 2019 08:45am

Energy

Med Crude-Urals slips in NWE as ample supplies weigh

MOSCOW: Urals crude differentials to dated Brent in northwest Europe lost 45 cents a barrel on Tuesday in active tra

Published 09 Apr, 2019 08:27pm

Energy

Oil slips from five-month high as Russia signals output boost

LONDON: Oil slipped from a five-month high above $71 a barrel on Tuesday as Russian comments signalling the possible

Updated 09 Apr, 2019 09:21pm

Energy

Yamal LNG annual capacity seen at 18.5mn tonmnes -Novatek CEO

ST PETERSBURG: The chief executive of Russia's Novatek, Leonid Mikhelson, on Tuesday said that the final capacity of the

Published 09 Apr, 2019 05:24pm

Energy

EIA raises forecast for 2019 US crude output growth

NEW YORK: US crude oil production is expected to rise by 1.43 million barrels per day (bpd) in 2019 to average 12.39 mil

Published 09 Apr, 2019 05:20pm

Energy

Swiss return $365mn frozen over Petrobras scandal to Brazil

GENEVA: Switzerland said Tuesday it had restituted around $365 million from funds it seized during a corruption probe of

Published 09 Apr, 2019 01:55pm

Energy

European March oil stocks up 2.5 pct -Euroilstock

LONDON: European crude and refined oil product inventories rose to 1.1 billion barrels in March, up 2.5 percent from F

Published 09 Apr, 2019 01:36pm

Energy

Oil hits five-month high above $71 on Libyan supply threat

LONDON: Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could furth

Published 09 Apr, 2019 11:04am

Energy

Commodity currencies buoyed by crude oil price rally

LONDON: The Australian and Canadian dollars rose on Tuesday, aided by a surge in oil prices to five-month highs that lif

Published 09 Apr, 2019 09:13am

Energy

Med Crude-Urals diffs steady despite top-ups to April loading schedule

MOSCOW: Urals crude differentials to dated Brent in northwest Europe and the Mediterranean held steady on Monday des

Published 08 Apr, 2019 08:49pm

Energy

Russia could boost oil output by 228,000 bpd or more in June: RDIF

MOSCOW: Russia could boost its oil output by 228,000 barrels a day or more in June, Kirill Dmitriev, the head of Rus

Published 08 Apr, 2019 08:26pm

Energy

Oil hits 5-month high on OPEC cuts, US sanctions and Libya fighting

SINGAPORE/LONDON: Oil prices rose to their highest since November on Monday, driven by OPEC supply cuts, U.S. sancti

Updated 08 Apr, 2019 09:21pm

Energy

Crude oil intake suspension at Rosneft's Tuapse refinery to continue until April 18

MOSCOW: The crude oil intake suspension at Rosneft's Tuapse refinery will continue until April 18, Russia's transport mo

Published 08 Apr, 2019 04:32pm

Energy

Shell pushes green credentials with ‘carbon neutral’ driving scheme

LONDON: Dutch drivers seeking to offset their impact on the environment will soon be able to do so at Shell petrol stati

Published 08 Apr, 2019 04:18pm

Energy

Oil traders hail output cuts but wary on economic outlook: Kemp

LONDON: Hedge fund managers are becoming progressively more bullish on the outlook for crude and gasoline prices, but th

Published 08 Apr, 2019 04:11pm

Energy

Russia's Rosneft says fire at oil refinery in Samara put out

MOSCOW: Russian oil producer Rosneft said a fire that broke out earlier on Monday at a secondary facility at its Novokui

Published 08 Apr, 2019 09:14am

Energy

Russia's Surgut to sell up to 3.0mn T of diesel ex-Primorsk in Q3-Q4 - traders

MOSCOW: Russian oil producer Surgutneftegaz plans to sell up to 3.0 million tonnes of ultra-low sulphur diesel, produced

Published 08 Apr, 2019 09:09am

Energy

Russia signals OPEC and allies should raise oil output from June

MOSCOW/LONDON: One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signalled on Monday

Published 08 Apr, 2019 08:46am

Energy

Five additional LNG tankers on way to northwest Europe

LONDON: Five additional liquefied natural gas tankers are on their way to ports in Britain and the Netherlands in the ne

Published 08 Apr, 2019 08:06am

Energy

Russian idle refining capacity to rise in May - data

MOSCOW: Russian offline primary oil refining capacity will rise by a third to 3.69 million tonnes in May from a revised

Published 06 Apr, 2019 01:38pm

Energy

G7: Libya's oil facilities must not be used for political gain

DINARD: Libya's rival factions must not use its oil installations for political gain, the G7 club of nations warned on S

Published 06 Apr, 2019 01:32pm

Energy

Russia's 2019 oil output seen rising if global deal on curbs not extended

MOSCOW: Russian oil production may increase again this year if a global oil deal to cut output is not extended once

Published 05 Apr, 2019 06:20pm

Energy

Shell hit with Dutch climate lawsuit

THE HAGUE: Climate campaigners marched to Shell's headquarters in the Netherlands on Friday and handed the oil giant a l

Published 05 Apr, 2019 03:56pm

Energy

Ukraine says Russian gas transit rises 4 pct in Jan-March

KIEV: Russian natural gas volumes piped via Ukraine to European consumers rose 4 percent year-on-year in the first three

Published 05 Apr, 2019 02:18pm

Energy

Russia's 2019 oil output seen rising if global deal on curbs not extended

MOSCOW: Russian oil production may increase again this year if a global oil deal to cut output is not extended once

Published 05 Apr, 2019 02:11pm

Energy

Fitch sees Brent crude at $62.5/bbl in 2020 as economic woes bite

BAKU: A faltering global economy may start eating into demand for oil as early as this year, pushing prices lower, Fitch

Published 05 Apr, 2019 02:01pm

Energy

Prices jump as flows through Norwegian pipeline drop

LONDON: European benchmark gas prices jumped on Friday morning due to a drop in supply from Norway through the Langeled

Published 05 Apr, 2019 10:06am

Energy

Oil prices edge lower on economic concerns, but geopolitics support

LONDON: Oil prices declined on Friday, with Brent slipping away from the $70 mark reached the previous day, but both mai

Published 05 Apr, 2019 09:24am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 05 Apr, 2019 08:49am

Energy

British and Dutch gas prices jump as Norway flows drop

LONDON: British and Dutch gas prices opened up to 10 percent higher on Friday morning after supply from Norway dropped.

Published 05 Apr, 2019 08:13am

Energy

Russia's Gazprom Neft boosts oil output capacity in Kurdistan

MOSCOW: Russian oil producer Gazprom Neft has increased the production capacity of its Sarqala field in Iraqi Kurdistan

Published 04 Apr, 2019 02:47pm

Energy

Brent oil resumes climb to $70 on tightening global supply

TOKYO/LONDON: Brent oil prices resumed their climb towards $70 per barrel on Thursday as expectations of tight global su

Published 04 Apr, 2019 02:13pm

Energy

Prices mixed on weather forecasts

LONDON: British wholesale gas prices were mixed on Thursday morning on revised weather forecasts for the next couple of

Published 04 Apr, 2019 10:51am

Energy

Energy group Total's Saft arm strikes China batteries deal

PARIS: The Saft subsidiary of French energy group Total has struck a new deal to expand its presence in China in the fas

Published 04 Apr, 2019 07:23am

Energy

Brent nears $70 as oil prices rise for 4th day

LONDON: Oil prices rose for a fourth day on Wednesday, pushing Brent towards a nearly five-month high of $70 a barrel as

Published 03 Apr, 2019 01:26pm

Energy

Ukrainian government bans gas price hikes before vote

KIEV: The Ukrainian government has banned state-run gas producer Naftogaz from raising consumer gas prices, Prime Minist

Published 03 Apr, 2019 12:56pm

Energy

Brent nears $70 as oil prices rise for 4th day

LONDON: Oil prices rose for a fourth day on Wednesday, pushing Brent towards a nearly five-month high of $70 a barrel on

Published 03 Apr, 2019 12:26pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 03 Apr, 2019 07:59am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 03 Apr, 2019 07:17am

Energy

Oil hits 2019 high on OPEC cuts, concerns over demand ease

LONDON: Oil hit a 2019 high above $69 a barrel on Tuesday on the prospect that more sanctions against Iran and furth

Updated 02 Apr, 2019 08:37pm

Energy

Oil hits 2019 high on signs of tighter supply; Brent eyes $70/bbl

NEW YORK: Oil prices hit their highest of 2019 on Tuesday, with Brent crude approaching $70 a barrel, on the prospect th

Published 02 Apr, 2019 04:25pm

Energy

Europe Gasoline/Naphtha-Margins rise on continued exports

LONDON: Northwest European gasoline refining margins edged higher on Tuesday on persistent strong overseas demand.

Published 02 Apr, 2019 04:22pm

Energy

3-Oil hits 2019 high on OPEC cuts, concerns over demand ease

LONDON: Oil hit a 2019 high above $69 a barrel on Tuesday on the prospect that more sanctions against Iran and further V

Published 02 Apr, 2019 10:52am

Energy

Prices fall on strong LNG send-out

LONDON: British wholesale gas prices fell on Tuesday, pressured by strong liquefied natural gas (LNG) flows and storage

Published 02 Apr, 2019 10:47am

Energy

Iran says oil market supply/demand balance is fragile

LONDON: The balance between supply and demand in the oil market is fragile, Iranian Oil Minister Bijan Zanganeh said

Published 01 Apr, 2019 09:48pm

Energy

WTI hits 2019 high as oil extends Q1 gains on tight supply

LONDON: US crude oil hit a 2019 high on Monday and Brent gained a dollar after tight supply and positive signs for t

Published 01 Apr, 2019 09:33pm

Energy

OPEC oil output hits four-year low on Saudi cuts, Venezuela blackouts

LONDON: OPEC oil supply sank to a four-year low in March, a Reuters survey found, as top exporter Saudi Arabia over-

Published 01 Apr, 2019 09:29pm

Energy

Oil extends Q1 gains on tight supply, economic optimism

LONDON: Oil rose on Monday, building on its largest first-quarter gains in nearly a decade, as tight supply and posi

Updated 01 Apr, 2019 10:05pm

Energy

OPEC oil output hits four-year low on Saudi cuts, Venezuela blackouts

LONDON: OPEC oil supply sank to a four-year low in March, a Reuters survey found, as top exporter Saudi Arabia over-deli

Published 01 Apr, 2019 02:30pm

Energy

Oil prices rise on supply worries, extend strong Q1 gains

TOKYO: Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest in

Published 01 Apr, 2019 01:01pm

Energy

Oil major Total buys 25 pct stake in French group

Total has signed an agreement with Ecoslops S.A., an innovative company that regenerates oil residues into new fuels a

Published 01 Apr, 2019 01:00pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 01 Apr, 2019 12:57pm

Energy

Russia expects 1.2pc yearly increase in electricity demand until 2024 - minister

KRASNOYARSK, Russia: Russian Energy Minister Alexander Novak said on Saturday the country was expecting domestic demand

Published 30 Mar, 2019 09:11am

Energy

Total plans maintenance at Donges refinery units from April to June

PARIS: French oil and gas major Total said on Friday that it will halt production from some units at its 220,000 barrels

Published 29 Mar, 2019 04:37pm

Energy

Oil set for biggest quarterly rise since 2009 amid OPEC cuts, sanctions

LONDON: Oil prices rose on Friday amid OPEC-led supply cuts and US sanctions against Iran and Venezuela, putting crude m

Published 29 Mar, 2019 01:05pm

Energy

Europe gasoline exports surge as US stocks drop

LONDON: European gasoline exports jumped to a two-year high this week after a recent sharp drop in US stocks sparked a w

Published 29 Mar, 2019 12:55pm

Energy

North Sea Forties crude oil loadings rise to 19 cargoes in May

LONDON: Loadings for Britain's Forties crude oil stream have been set at 19 cargoes in May, up from 17 cargoes in April,

Published 28 Mar, 2019 02:23pm

Energy

Oil falls as Trump calls on OPEC to boost output

LONDON: Oil fell on Thursday after US President Donald Trump called for the Organization of the Petroleum Exporting Coun

Published 28 Mar, 2019 02:20pm

Energy

Oil traders wait to assess impact of IMO regulations - Kemp

LONDON: If oil traders and consumers are worried about the impact of new maritime fuel regulations from the start of

Published 27 Mar, 2019 03:16pm

Energy

Oil prices slip as market eyes US inventories

LONDON: Oil prices edged lower on Wednesday, reversing earlier gains, as further disruptions to Venezuela's crude export

Published 27 Mar, 2019 12:22pm

Energy

Russia's oil production at 11.30 million bpd on March 1-26

MOSCOW:Russia's oil production was at an average of 1.542 million tonnes per day between March 1-26, a source familiar w

Published 27 Mar, 2019 09:27am

Energy

Algeria's oil, gas production unaffected by unrest: IEA

OSLO: Algeria's oil and gas production appears to be unaffected so far by the political unrest gripping the country, an

Published 26 Mar, 2019 04:30pm

Energy

Croatia eyes more gas and oil production, use of geothermal sources

ZAGREB: Croatia's tender for gas and oil exploration in the north of the country has met good initial demand from potent

Published 26 Mar, 2019 02:33pm

Energy

Oil up near $68 as supply cuts outweigh economic worry

LONDON: Oil rose towards $68 a barrel on Tuesday as OPEC supply cuts and expectations of lower US inventories outweighed

Published 26 Mar, 2019 12:32pm

Energy

Iran's crude oil pipelines undamaged by heavy rain and flooding

GENEVA: Iran's crude oil pipelines have not been damaged by flooding in recent days and the transfer of oil is taking pl

Published 26 Mar, 2019 10:37am

Energy

Prices rise on cooler temperatures, low wind power output

LONDON: British wholesale gas prices rose on Tuesday as gas demand for heating and power generation picked up, leaving t

Published 26 Mar, 2019 09:51am

Energy

Oil prices hit by worries of sharp economic slowdown

LONDON: Oil prices slipped on Monday, with concerns of a sharp economic slowdown overshadowing support from tighter

Published 25 Mar, 2019 09:08pm

Energy

Turkey plans to import more Iranian gas - IRNA

DUBAI: Turkey plans to increase imports of Iranian natural gas, a senior Iranian official told state news agency IRNA on

Published 25 Mar, 2019 11:37am

Energy

Israel's Delek exploring partnership with Egypt LNG plants

JERUSALEM: Israel's Delek Drilling said on Sunday it was exploring options to boost natural gas exports to Egypt, includ

Published 24 Mar, 2019 12:07pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 Mar, 2019 09:12am

Energy

Oil slips but holds near 2019 peak as supplies tighten

LONDON: Oil edged lower on Thursday but held near 2019 highs, supported by a tightening of global stocks, OPEC produ

Published 21 Mar, 2019 06:15pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 20 Mar, 2019 02:12pm

Energy

Oil prices fall on economic worries despite tight supply

LONDON: Oil prices fell on Wednesday, dragged down by concerns about global economic growth as the US-China trade disput

Published 20 Mar, 2019 01:43pm

Energy

Prices pick up from lows on outage, strike

LONDON: British wholesale gas prices picked up from 18-month lows on Tuesday, as an unplanned outage reduced supplies sl

Published 19 Mar, 2019 10:13am

Energy

Oil producers to decide in June on extending cuts

BAKU: Major oil producers led by Saudi Arabia agreed Monday to keep working together to prop up crude prices, but sa

Published 18 Mar, 2019 04:08pm

Energy

Oil edges above $67 as OPEC-led supply cuts support

LONDON: Oil edged further above $67 a barrel on Monday, supported by the prospect of prolonged OPEC-led oil supply c

Published 18 Mar, 2019 03:03pm

Energy

OPEC and allies meet to review oil production cuts

BAKU: OPEC nations and allied oil producers met in Azerbaijan on Monday to review a strategy of production cutbacks

Published 18 Mar, 2019 01:53pm

Energy

Crude oil export and transit from Russia to rise 0.7pc in Q2/Q1 2019: schedule

MOSCOW: Crude oil exports and transit from Russia have been set at 62.8 million tonnes for April-June 2019 compared

Published 18 Mar, 2019 12:05pm

Energy

OPEC to scrap April meeting but keep oil cuts in place

BAKU: OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June

Published 18 Mar, 2019 11:58am

Energy

Oil slips to $67 as economy concern counters OPEC cuts

LONDON: Oil slipped to around $67 a barrel on Monday, weighed by concern that an economic downturn may dent fuel con

Published 18 Mar, 2019 11:51am

Energy

Two LNG tankers head for Britain, Netherlands

LONDON: Britain's Isle of Grain is set to receive liquefied natural gas (LNG) tanker Ougarta from Algeria on March 21, a

Published 18 Mar, 2019 07:27am

Energy

Ukraine PM seeks talks with IMF to avert gas price rises

KIEV: Ukraine's Prime Minister Volodymyr Groysman said on Friday he would urge the finance ministry and state-run en

Published 15 Mar, 2019 01:10pm

Energy

Fearing new oil glut, OPEC builds case for keeping supply cuts

LONDON: OPEC on Thursday cut the forecast of global demand for its oil this year as rivals boost production, buildin

Published 14 Mar, 2019 04:19pm

Energy

Exxon eyes Israel gas bid in major Middle East shift

HOUSTON: Exxon Mobil Corp is considering exploring for oil and gas in Israel, said a person with direct knowledge of the

Published 13 Mar, 2019 08:30pm

Energy

OPEC to maintain cuts to reduce global inventories -official

HOUSTON: The Organization of the Petroleum Exporting Countries is expected to review global oil demand and supply balanc

Published 11 Mar, 2019 08:52pm

Energy

Oil gains as Saudi stands by OPEC supply cuts, US rig activity drops

LONDON: Oil prices rose on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC

Published 11 Mar, 2019 01:33pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 11 Mar, 2019 08:47am

Energy

Oil edges up on Venezuela and Iran sanctions, OPEC supply cuts

LONDON: Oil prices rose on Thursday on the back of ongoing OPEC-led supply cuts and US sanctions against exporters V

Published 07 Mar, 2019 12:11pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 07 Mar, 2019 09:55am

Energy

Oil edges higher towards $66 as OPEC-led cuts in view

LONDON: Oil edged higher towards $66 a barrel on Tuesday as the market balanced OPEC-led efforts to tighten supply w

Published 05 Mar, 2019 05:01pm

Energy

Oil rises to $66 as OPEC-led cuts in view

LONDON: Oil rose to around $66 a barrel on Tuesday as the market balanced OPEC-led efforts to tighten supply with th

Published 05 Mar, 2019 03:55pm

Energy

Oil drops towards $65 as Libya's biggest field restarts

LONDON: Oil fell towards $65 a barrel on Tuesday, pressured by the restart of Libya's biggest oilfield and on expect

Published 05 Mar, 2019 12:04pm

Energy

Prices rise on undersupply, carbon

British wholesale gas prices got a small boost on Tuesday due to a supply deficit in the system and a slight rise in car

Published 05 Mar, 2019 10:03am

Energy

LNG tankers heading to Britain, Belgium, and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 05 Mar, 2019 07:54am

Energy

Oil prices rise on trade deal hopes, OPEC supply cuts

LONDON: Oil prices rose on Monday, buoyed by OPEC output cuts and reports that the United States and China are inchi

Published 04 Mar, 2019 01:21pm

Energy

Italy's Nexi approves 600-700mn euro cash call as part of IPO

MILAN: Italian banking services provider Nexi has approved a capital increase of between 600 million and 700 million

Published 01 Mar, 2019 02:31pm

Energy

Russian energy minister discusses global pact on output cuts with oil firms

MOSCOW: Russian Energy Minister Alexander Novak has met Russian oil companies to discuss progress of a deal with OPE

Published 01 Mar, 2019 02:08pm

Energy

OPEC oil output drops further in February as Saudi over-delivers on cuts

LONDON: OPEC oil supply fell to a four-year low in February, a Reuters survey found, as top exporter Saudi Arabia an

Published 01 Mar, 2019 02:06pm

Energy

Oil dips as trade talks drag, China's economy shows weakness

LONDON: Oil prices fell on Thursday, as U.S.-China trade tensions persisted, the Chinese economy showed signs of slo

Published 28 Feb, 2019 12:11pm

Energy

Britain set to receive two LNG tankers on March 3 and 15

LONDON: Britain is set to receive two additional liquefied tankers next month, Refinitiv Eikon shipping data showed on T

Published 28 Feb, 2019 08:01am

Energy

Oil rises as OPEC defies Trump and sticks to supply cuts

LONDON: Oil rose for a second day on Wednesday, buoyed by an unexpected decline in U.S. crude inventories and after

Published 27 Feb, 2019 01:12pm

Energy

Russia's Lukoil expects oil prices to stay relatively high

MOSCOW: The head of Lukoil, Russia's No. 2 oil producer, said on Wednesday oil prices are likely to remain "relative

Published 27 Feb, 2019 12:03pm

Energy

Shell to shut Norco, Louisiana refinery gasoline unit next week -sources

HOUSTON: Royal Dutch Shell Plc plans to shut the gasoline-producing unit at its 218,200 barrel per day (bpd) Norco, Loui

Published 26 Feb, 2019 09:28pm

Energy

OPEC, allies to maintain oil output cuts despite Trump

LONDON: OPEC and its allies will stick with their agreement to cut oil supply, pushing for more adherence despite a

Published 26 Feb, 2019 05:00pm

Energy

Saudi Arabia to boost oil exports to China with strategy shift

LONDON: Saudi Arabia is set to boost crude exports to China in 2019 as demand there grows and after Saudi Aramco shi

Published 26 Feb, 2019 03:18pm

Energy

Oil edges up to $65 as OPEC seen rebuffing Trump pressure

LONDON: Brent oil edged up to $65 a barrel on Tuesday as Saudi Arabia and the rest of OPEC were expected to stick to

Published 26 Feb, 2019 11:39am

Energy

Aramco CEO says oil industry facing 'a crisis of perception'

LONDON: Saudi Aramco's chief executive said on Tuesday the oil industry is facing "a crisis of perception" and the views

Published 26 Feb, 2019 09:44am

Energy

Prices edge higher on strong power demand

LONDON: British wholesale gas prices edged higher on Tuesday morning on strong demand from power plants, but traders sai

Published 26 Feb, 2019 09:35am

Energy

Oil slides as Trump tells OPEC to 'relax'

LONDON: The price of oil sank Monday after US President Donald Trump urged the OPEC crude producers' cartel to help

Published 25 Feb, 2019 03:24pm

Energy

Oil tumbles after Trump tells OPEC to 'relax'

LONDON: Oil fell on Monday, reversing earlier gains after U.S. President Donald Trump told OPEC producers to "relax"

Published 25 Feb, 2019 02:46pm

Energy

Oil up toward 2019 highs on supply, trade talks optimism

LONDON: Oil prices edged up on Monday toward a 2019 high achieved last week as sanctions and political uncertainty t

Published 25 Feb, 2019 11:07am

Energy

Platts adds Rotterdam-priced crude oil cargoes to dated Brent

LONDON: Oil pricing agency S&P Global Platts plans to adjust the way it calculates the price of North Sea dated

Published 25 Feb, 2019 11:02am

Energy

Saudi Aramco finishes Safaniyah oilfield repairs, allowing full output to resume

LONDON: Saudi Aramco has finished repairs at part of its Safaniyah offshore oilfield, allowing full output to resume aft

Published 22 Feb, 2019 10:54pm

Energy

LNG supplier Venture Global gets approval for Louisiana project

Venture Global LNG Inc said on Friday it had received regulatory approval for its Calcasieu Pass LNG export facility and

Published 22 Feb, 2019 10:51pm

Energy

Oil hits new 2019 high on US-China trade talk hopes

LONDON: Oil prices rose on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijing may

Published 22 Feb, 2019 01:53pm

Energy

Oil prices firm on trade hopes, but record US output drags

LONDON: Oil prices were firm on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijin

Published 22 Feb, 2019 12:08pm

Energy

Prices edge down on mild temperatures

LONDON: British wholesale gas prices edged down on Friday morning as mild temperatures continued to reduce demand for he

Published 22 Feb, 2019 10:14am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 Feb, 2019 08:14am

Energy

Med Crude-Urals diffs rise in NWE in a spot tender, Azeri BTC offered down

MOSCOW: Urals crude differentials in northwest Europe were seen stronger on Thursday in a spot tender, while traders hop

Published 21 Feb, 2019 09:48pm

Energy

West Africa Crude-Sonangol sells all April cargoes in firm market

LONDON: Angolan crude for April loading was rapidly finding buyers in a strong market, traders said on Thursday. Ango

Published 21 Feb, 2019 09:43pm

Energy

Oil traders bet on Saudi Arabia and White House lifting prices

LONDON: Oil traders are becoming very bullish on the outlook for prices, betting that Saudi Arabia will do whatever

Published 21 Feb, 2019 02:14pm

Energy

Oil hovers near 2019 highs amid OPEC cuts

LONDON: Oil prices hovered around 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Ve

Published 21 Feb, 2019 01:54pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 21 Feb, 2019 08:45am

Energy

Norway oil firms lower 2019 investment forecast

OSLO: Oil and gas companies operating in Norway have lowered their investment forecasts for 2019 to 172.7 billion crowns

Published 21 Feb, 2019 08:13am

Energy

Saudi Aramco to shut Yanbu oil refinery for March maintenance

LONDON: Saudi Aramco plans to shut the Yanbu oil refinery in Saudi Arabia for planned maintenance for one month from ear

Published 20 Feb, 2019 08:53pm

Energy

Oil falls after record US shale output forecast

LONDON: Oil fell on Wednesday after the U.S. government said shale output would rise to a record next month, denting

Published 20 Feb, 2019 03:55pm

Energy

Oil dips after forecast for record US shale output

LONDON: Crude oil futures eased on Wednesday in light of the prospect of a continued boom in U.S. shale oil output,

Published 20 Feb, 2019 11:39am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 20 Feb, 2019 10:14am

Energy

Angola LNG offers cargo for March delivery

LONDON: Angola's liquefied natural gas (LNG) export plant has offered a cargo for delivery in March, two industry source

Published 20 Feb, 2019 07:35am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 19 Feb, 2019 04:47pm

Energy

Russian oil giant could take over ruined tsarist palace under new law

MOSCOW: Russia's largest oil company could take over and renovate a ruined palace once used by the tsars, under draft le

Published 19 Feb, 2019 04:27pm

Energy

Gail India offers new swap of US LNG volumes

LONDON: Gail India on Tuesday offered a cargo of liquefied natural gas (LNG) loading from the United States on June 27-2

Published 19 Feb, 2019 04:12pm

Energy

Oil hovers below 2019 highs on OPEC cuts, trade talks in focus

LONDON: Oil stayed within sight of its 2019, high of almost $67 a barrel on Tuesday, supported by OPEC-led supply cuts a

Published 19 Feb, 2019 02:09pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 19 Feb, 2019 08:25am

Energy

Kuwait Petroleum Corp seeks LNG cargo for late March delivery

LONDON: Kuwait Petroleum Corp (KPC) is seeking a liquefied natural gas (LNG) cargo for late March delivery, two industry

Published 19 Feb, 2019 06:58am

Energy

Oil gains as investors grow optimistic over OPEC output deal

LONDON: Oil rose for a fifth day on Monday, on track for its strongest first quarter in eight years, thanks to a gro

Published 18 Feb, 2019 07:33pm

Energy

Oil rises as investors grow optimistic over OPEC output deal

LONDON: Oil rose for a fifth day on Monday, on track for its strongest first quarter in eight years, thanks to a growing

Published 18 Feb, 2019 04:29pm

Energy

Saudi seaborne crude exports fall to 6.2mn bpd in 1H Feb

LONDON: Saudi seaborne crude exports fell in the first half of February with departures standing at 6.204 million barrel

Published 18 Feb, 2019 04:25pm

Energy

Angolan exports of crude oil to drop in April

LONDON: Angolan exports of crude oil will decline to 43 cargoes in April from 46 in March, according to a loading progra

Published 18 Feb, 2019 03:03pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 18 Feb, 2019 02:36pm

Energy

Brent dips, but still set for biggest Q1 rise since 2011

LONDON: Brent crude oil eased on Monday, but remained on track for its strongest first quarter in eight years, thanks to

Published 18 Feb, 2019 02:21pm

Energy

Hedge funds accelerate oil buying: Kemp

LONDON: Investors bought crude oil futures and options at the fastest rate for almost six months in the week to Feb. 12.

Published 18 Feb, 2019 02:19pm

Energy

Brent steadies, set for biggest first-quarter rise since 2011

LONDON: Brent crude oil steadied on Monday, on track for its strongest first quarter in eight years, thanks to a growing

Published 18 Feb, 2019 01:26pm

Energy

Total moves into offshore wind with joint bid for Dunkirk project

PARIS: French energy major Total is partnering with Denmark's Orsted and renewable energy producer Elicio to submit a jo

Published 18 Feb, 2019 01:10pm

Energy

Greece aims to wrap up Hellenic Petroleum stake sale by June

ATHENS: Greece aims to conclude the sale of a majority stake in its biggest oil refiner Hellenic Petroleum in the first

Published 18 Feb, 2019 10:28am

Energy

Energy group Total buys French plastics recycling firm Synova

PARIS: French energy major Total said it had acquired unlisted plastics recycling company Synova for an undisclosed amou

Published 18 Feb, 2019 10:15am

Energy

Shell buys German battery maker Sonnen

LONDON: Anglo-Dutch oil giant Royal Dutch Shell agreed Friday to buy German rechargeable battery maker Sonnen, as th

Published 15 Feb, 2019 09:10pm

Energy

Brent crude hits 2019 high above $65, buoyed by output cuts

LONDON: Brent crude oil climbed above $65 a barrel to its highest this year as OPEC-led supply cuts and this week's

Published 15 Feb, 2019 08:09pm

Energy

Germany imported 9.7pc more gas in 2018, value up 23.4pc

FRANKFURT: Germany imported 9.7 percent more gas in 2018 than the year before and raised its import bill by 23.4 per

Published 15 Feb, 2019 07:54pm

Energy

Gas to keep central role in Dutch energy demand

AMSTERDAM: The Netherlands will remain a heavy user of natural gas for years to come, despite big production cuts at its

Published 15 Feb, 2019 01:54pm

Energy

Brent oil hits $65 as production cuts fuel 2019 high

LONDON: Brent crude oil briefly reached 2019, highs above $65 a barrel on Friday as OPEC-led supply cuts and this week's

Published 15 Feb, 2019 01:03pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 15 Feb, 2019 09:27am

Energy

Global energy demand to soar one third by 2040: BP

LONDON: Global energy demand will surge by a third over the next two decades on advancing prosperity, but Indian dem

Published 14 Feb, 2019 10:31pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 14 Feb, 2019 02:26pm

Energy

Oil rises for third day as US/China trade, OPEC cheer investors

LONDON: Oil rose for a third day on Thursday to reach its highest so far this year as financial markets drew support fro

Published 14 Feb, 2019 02:09pm

Energy

German govt calls for stronger nature protection in energy transition

BERLIN: The German Federal Agency for Nature Conservation (BfN) called for a stronger consideration of nature protec

Published 13 Feb, 2019 07:54pm

Energy

Russia speeds up oil output cuts on Feb 1-12

MOSCOW: Russian average oil production at was 11.34 million barrels per day (bpd) on Feb. 1-12, down by 70,000 bpd from

Published 13 Feb, 2019 03:08pm

Energy

Oil rises after Saudi output pledge, declining US inventories

LONDON: Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver

Published 13 Feb, 2019 03:02pm

Energy

Spain plans to close all nuclear plants by 2035

MADRID: Spain aims to close all seven of its nuclear plants between 2025, and 2035, as part of plans to generate all the

Published 13 Feb, 2019 01:54pm

Energy

Oil gets a boost from Saudi output pledge, declining US inventories

LONDON: Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver

Published 13 Feb, 2019 12:01pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 13 Feb, 2019 11:58am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 13 Feb, 2019 10:41am

Energy

OPEC squeezes oil output to 4-year low, Russia compliance low

PARIS: OPEC production fell to a four-year low in January as the cartel applied a new pact to boost global oil prices, t

Published 13 Feb, 2019 10:25am

Energy

Prices decline on reduced demand, oversupply

LONDON: Prompt wholesale British gas prices edged lower on Wednesday morning due to reduced demand and oversupply.

Published 13 Feb, 2019 09:41am

Energy

Global oil supply to swamp demand in 2019 despite output cuts

LONDON: The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with t

Published 13 Feb, 2019 09:25am

Energy

OPEC cuts 2019 oil demand forecast on global slowdown

LONDON: OPEC cut its forecast for 2019 world oil demand on Tuesday due to slowing economies and expectations of faster s

Published 12 Feb, 2019 03:00pm

Energy

Ukraine says Russian gas transit jumps 26pc in January

KIEV: Russian natural gas volumes piped via Ukraine to European consumers rose 26 percent year-on-year in January to 7.6

Published 12 Feb, 2019 02:55pm

Energy

Oil up more than 2 percent on Saudi and OPEC cuts

LONDON: Oil prices gained more than 2 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said

Published 12 Feb, 2019 02:07pm

Energy

Strikes halt output at two Saipol biodiesel plants in France

PARIS: Output at two biodiesel plants of French oilseed processor Saipol, including its largest one in Grand-Couronne ne

Published 12 Feb, 2019 02:03pm

Energy

Qatari stake in Rosneft paves way for global energy deals

MOSCOW: The Qatari sovereign wealth fund's acquisition of a stake in Russia's Rosneft sets the stage for collaboration b

Published 12 Feb, 2019 12:46pm

Energy

Oil up 1pc on Saudi and OPEC cuts but outlook picture clouded

LONDON: Oil prices gained about 1 percent on Tuesday, supported by OPEC-led production cuts and US sanctions against Ira

Published 12 Feb, 2019 12:44pm

Energy

Germany set to have at least 2 LNG terminals: minister

BERLIN: German Economy Minister Peter Altmaier said on Tuesday he was optimistic that Germany would build two terminals

Published 12 Feb, 2019 12:07pm

Energy

Saudi crude output to fall to 9.8 million bpd in March

LONDON: Saudi Arabia plans to produce around 9.8 million barrels per day of oil in March, Energy Minister Khalid al-Fali

Published 12 Feb, 2019 11:49am

Energy

Germany set to have at least 2 LNG terminals -minister

BERLIN: German Economy Minister Peter Altmaier said on Tuesday he was optimistic that Germany would build two terminals

Published 12 Feb, 2019 11:29am

Energy

Oil prices steady, OPEC cuts countered by slow progress in trade talks

LONDON: Oil prices were steady on Monday as support from OPEC-led supply restraint was countered by an uptick in US dril

Published 11 Feb, 2019 12:27pm

Energy

Croatia publishes tender for gas and oil exploration

ZAGREB: Croatia published a tender for gas and oil exploration in mountainous areas of the country's central and souther

Published 11 Feb, 2019 12:05pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 11 Feb, 2019 11:40am

Energy

LNG vessels Arctic Princess and Pskov due to arrive in Britain on Feb. 15

OSLO: Liquefied natural gas (LNG) tankers Arctic Princess and Pskov are due to arrive at in Britain on Feb. 15, shipping

Published 11 Feb, 2019 10:28am

Energy

Prices down on mild weather and strong gas supplies

British wholesale gas prices fell on Monday on mild weather and strong supplies from Norway, and as a large number of li

Published 11 Feb, 2019 09:38am

Energy

Russia's Sechin raises pressure on Putin to end OPEC deal

MOSCOW: Igor Sechin, head of Russian oil giant Rosneft and one of Vladimir Putin's closest allies, has written to the Ru

Published 08 Feb, 2019 05:09pm

Energy

Russia oil exports from Pacific Kozmino fall in 2018, China top buyer

MOSCOW: Russian crude oil exported from the Pacific port of Kozmino fell in 2018, with China remaining the top buyer, da

Published 08 Feb, 2019 02:36pm

Energy

Oil heads for weekly loss as slowdown worries outweigh supply cuts

LONDON: Oil markets inched down on Friday and were heading for a weekly loss, pulled down by worries about a global econ

Published 08 Feb, 2019 01:45pm

Energy

UK GAS-Prices fall as storm Erik boosts wind power output

LONDON: British wholesale gas prices fell on Friday morning as high wind speeds from storm Erik increased output from th

Published 08 Feb, 2019 01:25pm

Energy

Brent oil edges up, heads for weekly loss on slowdown worries

LONDON: Benchmark Brent oil inched up on Friday but was heading for a weekly loss, pulled down by worries about a global

Published 08 Feb, 2019 11:42am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 08 Feb, 2019 09:19am

Energy

Russia oil exports from Pacific Kozmino fall in 2018, China top buyer

MOSCOW: Russian crude oil exported from the Pacific port of Kozmino fell in 2018, with China remaining the top buyer, da

Published 08 Feb, 2019 09:17am

Energy

Shell buys into 190 mn boe Cluff gas projects in UK North Sea

LONDON:* Royal Dutch Shell bought stakes and options in gas licenses in the southern British North Sea estimated to cont

Published 08 Feb, 2019 08:51am

Energy

Oil slips as investors weigh up supply factors

LONDON: Oil fell on Thursday after data showing a rise in U.S. inventories weighed on sentiment already rattled by t

Published 07 Feb, 2019 09:03pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 07 Feb, 2019 04:32pm

Energy

Hungary calls on US to spur Exxon gas project in Black Sea

BUDAPEST: The United States could help Hungary diversify away from Russian energy by encouraging ExxonMobil to proceed w

Published 07 Feb, 2019 02:31pm

Energy

France's Total undecided on bid for Dutch energy firm Eneco

PARIS: French oil and gas major Total has not made a decision on whether to bid for Dutch energy company Eneco, the firm

Published 07 Feb, 2019 01:40pm

Energy

Oil steadies as investors weigh up odds of global supply squeeze

LONDON: Oil steadied on Thursday as growing expectations that global supply could fall significantly short of demand thi

Published 07 Feb, 2019 12:40pm

Energy

Prices rise as temperatures turn colder than expected

LONDON: British wholesale gas prices edged higher on Thursday as colder weather than originally forecast led to a slight

Published 07 Feb, 2019 09:59am

Energy

Pumping and prices make for Total success

PARIS: French oil giant Total said Thursday its net profit climbed 33 percent in 2018 thanks to a rise in oil prices and

Published 07 Feb, 2019 08:50am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 06 Feb, 2019 09:36am

Energy

Equinor raises dividend, capital expenditure as Q4 profit lags

OSLO: Norwegian oil and gas firm Equinor raised its quarterly dividend and plans to boost capital spending in 2019 as i

Published 06 Feb, 2019 07:29am

Energy

Surgutneftegaz to sell up to 720,000 T of gasoline from Ust-Luga port-traders

MOSCOW: Russian oil producer Surgutneftegaz plans to sell up to 720,000 tonnes of gasoline AI-92, produced at the Kirish

Published 05 Feb, 2019 05:14pm

Energy

Rosneft upbeat on Venezuela, sees oil output rising in 2019

MOSCOW: Russia's largest oil producer Rosneft said on Tuesday the political upheaval in Venezuela was only temporary, wh

Published 05 Feb, 2019 04:09pm

Energy

Oil falls, torn between poor US factory data and tighter supply

LONDON: Oil prices fell on Tuesday, a day after data showing a decline in US factory orders dragged both benchmarks down

Published 05 Feb, 2019 03:07pm

Energy

BP annual profit soars to $9.4bn on surging oil prices

LONDON: BP almost trebled its annual net profit to $9.4 billion (8.2 billion euros) last year as oil prices soared in 20

Published 05 Feb, 2019 10:38am

Energy

Oil slides after hitting 2 month high on tighter supply outlook

LONDON: Oil hit a two-month high near $64 a barrel as OPEC-led supply cuts and US sanctions against Venezuela's oil expo

Published 04 Feb, 2019 04:52pm

Energy

Qatar, Exxon to proceed with $10bn Texas LNG project

LONDON/NEW YORK: Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10

Published 01 Feb, 2019 07:15pm

Energy

Russia's Gazprom hits highest January gas output since 2015

MOSCOW: Russia's Gazprom said on Friday its gas exports outside countries of the former Soviet Union rose by 1.6 percent

Published 01 Feb, 2019 03:22pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 01 Feb, 2019 03:20pm

Energy

Qatar, Exxon to proceed with $10bn Texas LNG project

LONDON/NEW YORK: Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10 bil

Published 01 Feb, 2019 03:03pm

Energy

Major DR Congo oil deal could be 'void': watchdog

PARIS: A major deal allowing a company to drill for crude reserves in areas of the Democratic Republic of Congo borderin

Published 01 Feb, 2019 01:07pm

Energy

Russia's Rosneft says proven hydrocarbon reserves up 4pc

Russian energy giant Rosneft says: Proven hydrocarbon reserves up 4 percent in 2018, Reserves replacement ratio in tonne

Published 01 Feb, 2019 12:39pm

Energy

Russia's domestic gas supplies from Exxon-led project suspended - ministry

MOSCOW: Domestic gas supplies from Sakhalin-1 project, led by ExxonMobil have been suspended due to the stoppage of a co

Published 01 Feb, 2019 12:35pm

Energy

Oil prices fall on doubt over US-China trade talks

LONDON: Oil prices fell on Friday as the resolution of trade talks between the United States and China remained in doubt

Published 01 Feb, 2019 12:32pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 01 Feb, 2019 09:42am

Energy

OPEC oil output drops on Saudi cut, outages and sanctions

LONDON: OPEC oil supply has fallen in January by the largest amount in two years, a Reuters survey found, as Saudi A

Published 31 Jan, 2019 10:28pm

Energy

Oil prices extend rise this month on signs of tighter supply

LONDON: Oil prices rose for a third straight day on Thursday on tighter supply after U.S. sanctions on Venezuelan ex

Published 31 Jan, 2019 10:25pm

Energy

Asian LNG price offer drops below UK gas price, prompts diversions to Europe

LONDON: A cargo of liquefied natural gas (LNG) for delivery to Asia was offered on Wednesday below the UK front-month ga

Published 31 Jan, 2019 02:34pm

Energy

Shell vows spending discipline even as 2018 profits soar

LONDON: Royal Dutch Shell vowed to stick to spending discipline this year even as 2018 profits jumped by more than a thi

Published 31 Jan, 2019 01:14pm

Energy

Britain's South Hook terminal to receive Al Shamal LNG tanker Feb 9

LONDON: Britain's South Hook terminal is set to receive the Al Shamal liquefied natural gas tanker on Feb. 9, Refinitiv

Published 31 Jan, 2019 01:11pm

Energy

Asian LNG price offer drops below UK gas price, prompts diversions to Europe

LONDON: A cargo of liquefied natural gas (LNG) for delivery to Asia was offered on Wednesday below the UK front-month ga

Published 31 Jan, 2019 08:45am

Energy

Oil prices rise more than 1 percent on Venezuela sanctions

LONDON: Oil prices rose more than 1 percent on Wednesday, boosted by concerns about supply disruptions following US sanc

Published 30 Jan, 2019 03:25pm

Energy

Sweden's Lundin Petroleum beats Q4 forecasts, raises dividend

OSLO: Swedish oil firm Lundin Petroleum , a partner in Norway's giant Johan Sverdrup oilfield, beat fourth-quarter core

Published 30 Jan, 2019 12:03pm

Energy

Oil gains as US imposes sanctions on Venezuela, global supplies weigh

LONDON: Oil prices rose on Tuesday after Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA in a move

Published 29 Jan, 2019 05:07pm

Energy

Oil prices rise as US imposes sanctions on Venezuela

LONDON: Oil prices rose on Tuesday after Washington imposed sanctions on state-owned Venezuelan oil company PDVSA in a m

Published 29 Jan, 2019 04:25pm

Energy

Urals Feb Baltic crude exports to rise 5 pct -revised provisional schedule

MOSCOW: Urals crude oil loadings from Russia's Primorsk and Ust-Luga ports in February have been set at 5.3 million tonn

Published 29 Jan, 2019 09:14am

Energy

Oil major Total announces new discovery at North Sea Glengorm prospect

PARIS: French oil and gas major Total said it had made a significant, new discovery off the coast of Britain at its Nor

Published 29 Jan, 2019 07:31am

Energy

Oil drops as US supply builds and China ignites demand worries

LONDON: Oil headed for its biggest one day drop in a month on Monday on evidence of yet more growth in U.S. crude su

Published 28 Jan, 2019 08:50pm

Energy

LNG tanker SCF Melampus to arrive at Rotterdam on Feb. 1

LONDON: Liquefied natural gas (LNG) tanker SCF Melampus is due to arrive at Rotterdam, the Netherlands, on Feb. 1, Eikon

Published 28 Jan, 2019 01:26pm

Energy

OMV expects price negotiations with Gazprom to drag on until summer

VIENNA: Oil and gas group OMV expects to agree a price for the Siberian gas assets it plans to buy from Gazprom by summe

Published 28 Jan, 2019 12:27pm

Energy

Germany's RWE warns of 'significant' job losses over coal exit

BERLIN: German energy giant RWE's CEO Rolf Martin on Monday warned of "significant" job losses as the country phases out

Published 28 Jan, 2019 11:50am

Energy

UK GAS-Prices edge lower on strong imports, high wind power output

LONDON: British wholesale gas prices edged lower on Monday morning as strong imports from Norway led to healthy supply a

Published 28 Jan, 2019 11:22am

Energy

LNG-Asian prices down again, China resells cargo

LONDON: Asian spot prices for liquefied natural gas (LNG) fell for the fifth week in a row with no signs of demand p

Published 25 Jan, 2019 08:52pm

Energy

France makes biogas support conditional on cutting costs

PARIS: France is ready to provide 7 to 9 billion euros ($8-10 billion) of subsidies for renewable gas but only if th

Published 25 Jan, 2019 08:20pm

Energy

Oil up on Venezuela turmoil despite surging US supply

LONDON: Oil prices rose on Friday as political turmoil in Venezuela threatened to reduce supply but fresh data on surgin

Published 25 Jan, 2019 04:34pm

Energy

Russia's Novatek says sees LNG from US as its chief threat- Ifx

MOSCOW: Leonid Mikhelson, the head of Russia's Novatek said on Friday that liquefied natural gas (LNG) from the United S

Published 25 Jan, 2019 04:24pm

Energy

Moscow approves $29bn power upgrade to encourage domestic suppliers

MOSCOW: Russia has approved the start of a 1.9 trillion rouble ($29 billion) modernisation plan for domestic power p

Published 25 Jan, 2019 12:03am

Energy

Oil falls in about-face as Venezuela-driven bounce fades

LONDON: Oil fell on Thursday as concern over the global economy reasserted itself, reversing earlier price gains mad

Published 24 Jan, 2019 09:04pm

Energy

Oil steady as economy concerns offset support from Venezuela turmoil

LONDON: Oil prices were steady on Thursday as renewed concerns about the global economic outlook offset support from

Published 24 Jan, 2019 08:00pm

Energy

Mexico's CFE seeks to buy two February LNG cargoes - sources

LONDON: Mexico's state power utility CFE opened a tender on Thursday for two cargoes of liquefied natural gas (LNG) to b

Published 24 Jan, 2019 04:15pm

Energy

French LNG imports soar as Australia and United States boost capacity

PARIS: French liquefied natural gas (LNG) imports soared last year as Australia, the US and Russia brought more LNG to w

Published 24 Jan, 2019 03:12pm

Energy

Oil steady as economy concerns offset support from Venezuela turmoil

LONDON: Oil prices were steady on Thursday as renewed concerns about the global economic outlook offset support from a U

Published 24 Jan, 2019 03:07pm

Energy

Russia's Novatek to increase gas output by 10pc in 2019 -Interfax

MOSCOW: Novatek, Russia's largest non-state gas producer, will increase gas output in 2019, by 10 percent and liquid hyd

Published 24 Jan, 2019 02:37pm

Energy

Oil tanker group Euronav signals strong start to 2019

Belgian crude oil shipper Euronav NV said on Thursday it saw the return of a strong freight rate market during the fourt

Published 24 Jan, 2019 01:20pm

Energy

UK GAS-Prices down on milder weather forecasts

LONDON: British wholesale gas prices fell on Thursday, despite freezing weather across the country, as the temperatures

Published 24 Jan, 2019 11:44am

Energy

Rosneft offers 100,000 tonnes of March ESPO Blend crude oil

MOSCOW: Rosneft offered a 100,000-tonne cargo of ESPO Blend crude oil loading from Kozmino port on March 11-16 in a spot

Published 24 Jan, 2019 11:34am

Energy

UK gas line faces interruptions in Q2

LONDON: Shippers along the Netherlands to UK gas pipeline will experience interruptions in the second quarter of this ye

Published 24 Jan, 2019 11:14am

Energy

Oil up on supply outlook but slowdown worries weigh

LONDON: Oil prices rose on Wednesday as U.S. crude stocks fell and official data indicated slowing growth in U.S. sh

Published 23 Jan, 2019 11:26pm

Energy

Oil prices up 1 pct on supply outlook

LONDON: Oil prices rose about 1 percent on Wednesday as US crude stocks fell and official data indicated slowing growth

Published 23 Jan, 2019 04:49pm

Energy

OPEC cuts, outages give physical crude a New Year lift

LONDON: Crude oil markets in Europe and West Africa have made a strong start to 2019, as Libyan supply losses and strong

Published 23 Jan, 2019 03:47pm

Energy

Gazprom Neft considering LNG production in Russia's Arctic

MOSCOW: Gazprom Neft, the oil arm of Russian gas giant Gazprom, is studying the possibility of its own liquefied natural

Published 23 Jan, 2019 02:52pm

Energy

Oil up nearly 1pc as stimulus hopes ease growth concerns

LONDON: Oil prices rose almost 1 percent on Wednesday on hopes that Japan and China would take fiscal stimulus measures

Published 23 Jan, 2019 02:14pm

Energy

Germany to shield consumers from rising electricity prices

BERLIN: Germany is planning to protect consumers and manufacturers from the impact of abandoning cheap coal-fired power,

Published 23 Jan, 2019 08:16am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 23 Jan, 2019 07:59am

Energy

Polish oil company PKN Orlen offers liquidity to newspaper group Ruch

WARSAW: State-run oil firm PKN Orlen has offered liquidity to newspaper distributor Ruch ahead of a possible plan to

Published 22 Jan, 2019 07:51pm

Energy

OMV defends Nord Stream 2, Gasunie supports German LNG terminal

BERLIN: OMV, the Austrian stakeholder in the planned Nord Stream 2 (NS 2) gas pipeline to Germany, on Tuesday reject

Published 22 Jan, 2019 07:07pm

Energy

Oil price fall will trigger more energy sector M&A in Europe

BERLIN: The fall in oil prices will increase pressure for consolidation in the oil and gas industries where scale wi

Published 22 Jan, 2019 07:03pm

Energy

LNG tanker Myrina to arrive at Britain on Jan. 23

LONDON: Liquefied natural gas (LNG) tanker Myrina is due to arrive at Britain's Dragon LNG terminal, the port authority

Published 22 Jan, 2019 02:55pm

Energy

Oil drops nearly 2pc as China slowdown bites

LONDON: Oil prices fell nearly 2 percent on Tuesday on signs that an economic slowdown in China is spreading, stoking co

Published 22 Jan, 2019 01:48pm

Energy

Norway's December oil output misses forecast

OSLO: Norway's oil production fell by 2.1 percent year-on-year in December and lagged the Petroleum Directorate's foreca

Published 22 Jan, 2019 10:16am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 Jan, 2019 09:54am

Energy

Prompt prices rise with temperatures, wind output set to dip

LONDON: Prompt British wholesale gas prices rose on Tuesday morning, with temperatures expected to dip and lower forecas

Published 22 Jan, 2019 09:34am

Energy

Russia says gas talks with Ukraine, EU to continue in May

BRUSSELS: Russian Energy Minister Alexander Novak said the high level talks about gas transit from Russia to the Eur

Published 21 Jan, 2019 08:43pm

Energy

Russia committed to oil output cuts

BRUSSELS: Russia is committed to its pledges on oil output cuts, Energy Minister Alexander Novak said on Monday, aft

Published 21 Jan, 2019 08:40pm

Energy

Oil edges down as slowing China economy undermines markets

LONDON: Oil prices edged lower on Monday, echoing a weaker tone on global stock markets after evidence that economic gro

Published 21 Jan, 2019 01:20pm

Energy

Lithuania LNG port aims to be Baltic hub, double flows By Andrius Sytas

VILNIUS: Lithuania's Klaipeda liquefied natural gas (LNG) import terminal will more than double its LNG volumes once gas

Published 21 Jan, 2019 01:17pm

Energy

Oil refining capacity to grow at record pace this year

LONDON: Global oil refining capacity is set to increase at its fastest pace on record this year, possibly boosting s

Published 18 Jan, 2019 12:25pm

Energy

To boost confidence in oil cut, OPEC issues quota list

LONDON: OPEC on Friday published a list of oil production cuts by its members and other major producers for the six

Published 18 Jan, 2019 12:21pm

Energy

Prices mixed: prompt up on cold, oversupply weighs on month-ahead

LONDON: British wholesale gas prices were mixed on Friday morning in slow trade, with the day-ahead up on increased cons

Published 18 Jan, 2019 10:05am

Energy

OPEC publishes output cut quota for six months to June

LONDON: OPEC on Friday published a list of new levels of reduction in oil output by its members and other major producer

Published 18 Jan, 2019 09:59am

Energy

Two new LNG tankers due to arrive in north-west Europe

LONDON * Two new liquefied natural gas tankers are due to arrive in north-west Europe over the next week, data from Refi

Published 18 Jan, 2019 08:48am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 18 Jan, 2019 08:45am

Energy

Before start of new oil pact, OPEC made progress averting glut

LONDON: OPEC cut oil output sharply in December before a new accord to limit supply took effect, it said on Thursday, su

Published 17 Jan, 2019 09:23pm

Energy

Russia unable to cut oil production sharply

MOSCOW: Russia is unable to reduce oil output sharply but will try to do so more quickly, Energy Minister Alexander

Published 17 Jan, 2019 02:59pm

Energy

Before start of new oil pact, OPEC makes progress in averting glut

LONDON: OPEC on Thursday said it cut oil output sharply in December before a new supply-limiting accord took effect,

Published 17 Jan, 2019 12:20pm

Energy

Oil firm Aker BP to hike dividend and spending in 2019

OSLO: Norway's Aker BP will increase its dividend payments between now and 2023 and step up its investment spending in d

Published 17 Jan, 2019 09:18am

Energy

Oil edges down on worries over global economy, supply glut

LONDON: Oil prices edged down on Wednesday having climbed about 3 percent in the previous session, with worries abou

Published 16 Jan, 2019 03:49pm

Energy

Oil steady as worries over global economy, supply glut weigh

LONDON: Oil prices steadied on Wednesday after climbing about 3 percent in the previous session, with worries about

Published 16 Jan, 2019 03:22pm

Energy

Oil steady on supply optimism but economic worries loom

LONDON: Oil prices steadied on Wednesday after climbing about 3 percent in the previous session on expectations that

Published 16 Jan, 2019 12:29pm

Energy

Tullow Oil's 2019 output to rise as Ghana production ramps up

LONDON: Tullow Oil's production is set to grow to between 94,000 and 102,000 barrel of oil equivalent per day (boed) thi

Published 16 Jan, 2019 08:52am

Energy

Chevron, Total and Reliance join oil blockchain platform Vakt

LONDON: Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-ba

Published 16 Jan, 2019 08:32am

Energy

Oil rises 2pc on supply cuts but global slowdown looms

LONDON: Oil prices rose around 2 percent on Tuesday amid production cuts by OPEC and Russia as well as signs of lowe

Published 15 Jan, 2019 04:43pm

Energy

Oil prices rise over 1pc, but global slowdown looms

LONDON: Oil prices rose more than 1 percent on Tuesday after tumbling the previous session, although a darkening eco

Published 15 Jan, 2019 03:43pm

Energy

Oil prices rise on supply cuts, but global slowdown looms

LONDON: Oil prices rose on Tuesday amid supply cuts by producer club OPEC and Russia, although a darkening economic

Published 15 Jan, 2019 01:17pm

Energy

Prices firm as colder weather seen later in week

LONDON: British wholesale gas prices rose on Tuesday as colder weather was expected later this week, although the system

Published 15 Jan, 2019 10:55am

Energy

All Libyan oil and non-oil ports closed due to bad weather

LONDON: All Libyan oil and non-oil ports were closed on Tuesday due to bad weather, a shipper and a port worker said.

Published 15 Jan, 2019 10:35am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 15 Jan, 2019 08:50am

Energy

Genel sees 2019 oil output rising as crude prices remain weak

LONDON: Iraqi Kurdistan-focused oil producer Genel Energy said it sees 2019 output rising on last year's level to around

Published 15 Jan, 2019 08:39am

Energy

Oil falls to $60 on concerns about China slowdown

LONDON: Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the w

Published 14 Jan, 2019 03:04pm

Energy

Oil falls back to $60 on concerns about China slowdown

LONDON: Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the w

Published 14 Jan, 2019 01:20pm

Energy

Premier Oil confirms interest in North Sea deals after report on cash call

Britain's Premier Oil Plc said on Monday it was looking to buy UK North Sea assets, after the Sunday Times reported that

Published 14 Jan, 2019 10:33am

Energy

Prices mostly lower on strong supply, high wind power output

LONDON: British wholesale gas prices were mostly lower on Monday morning as strong supply and forecasts for high wind po

Published 14 Jan, 2019 09:56am

Energy

Gas explosion in northwestern Turkey may be due to landslide

ISTANBUL: A gas explosion near a pipeline in northwest Turkey's Sakarya province was believed to have been caused by a l

Published 14 Jan, 2019 08:41am

Energy

LNG tanker SCF Melampus to arrive at Rotterdam on Jan. 14

LONDON: Liquefied natural gas (LNG) tanker SCF Melampus is due to arrive at Rotterdam, the Netherlands, Eikon Refinitiv

Published 14 Jan, 2019 08:09am

Energy

Oil down but set for weekly gain amid caution over global economy

LONDON: Oil prices fell nearly 2 percent on Friday but were on track for weekly gains after financial markets streng

Published 11 Jan, 2019 04:20pm

Energy

Copper advances on softer dollar, trade talk hopes

LONDON: Copper prices climbed on Friday as a dovish stance from the U.S. Federal Reserve pushed the dollar lower, wh

Published 11 Jan, 2019 02:09pm

Energy

Oil set for weekly gain on trade optimism, OPEC-led supply cuts

LONDON: Oil prices rose slightly on Friday, putting them on track for solid weekly gains after financial markets str

Published 11 Jan, 2019 02:02pm

Energy

Iran's crude exports stay subdued in Jan despite waivers

LONDON: Iran will see its crude exports severely curtailed for a third month in January as it is struggling to find

Published 11 Jan, 2019 01:58pm

Energy

Russian oil output down to 11.38 mn bpd on Jan 1-10

MOSCOW: Russia has reduced its oil production to 11.38 million barrels per day (bpd) on average on Jan. 1-10 from a reco

Published 11 Jan, 2019 10:09am

Energy

Norway cuts 2019 oil output forecast to reach 30-year low

STAVANGER: Norway's oil output in 2019 will be smaller than previously forecast and will reach its lowest level in t

Published 10 Jan, 2019 02:51pm

Energy

Oil drops on US-China trade talks, American supply surge

LONDON: Oil prices edged down on Thursday amid a lack of any clear resolution to U.S.-China trade talks and official

Published 10 Jan, 2019 02:48pm

Energy

Oil down 1pc on indecisive US-China trade talks, rising inventories

LONDON: Oil prices fell about 1 percent on Thursday as no clear signs of a resolution emerged from U.S.-Chinese trad

Published 10 Jan, 2019 02:21pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 10 Jan, 2019 10:33am

Energy

Premier Oil cuts more debt than forecast

LONDON: Britain's Premier Oil cut debt to $2.3 billion at the end of 2018, below a previous forecast of $2.4 billion, it

Published 10 Jan, 2019 10:27am

Energy

Oil rises 3pc on US-China trade talk optimism

LONDON: Oil prices climbed around 3 percent on Wednesday as the extension of U.S.-China talks in Beijing raised hope

Published 09 Jan, 2019 04:43pm

Energy

Oil rises 2pc on US-China trade talk optimism

LONDON: Oil prices rose 2 percent on Wednesday as the extension of U.S.-China talks in Beijing raised hopes that the

Published 09 Jan, 2019 12:10pm

Energy

Brent crude oil rises back to $60 per barrel

LONDON: Benchmark oil contract Brent North Sea crude climbed back to $60 per barrel on Wednesday, with OPEC cutting outp

Published 09 Jan, 2019 11:05am

Energy

Prices up on cold weather but ample supply limits rise

LONDON: British wholesale gas prices rose on Wednesday morning due to an increase in gas demand caused by cold temperatu

Published 09 Jan, 2019 10:05am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 09 Jan, 2019 09:07am

Energy

Europe Distillates-Diesel cracks retreat as demand wanes

LONDON: Northwest European diesel refining margins fell on Tuesday weighed by higher oil prices and slowing demand in th

Published 08 Jan, 2019 08:51pm

Energy

West Africa Crude-Nigerian crude diffs supported by tenders

LONDON, Nigerian crude differentials remained on the high side on Tuesday, some buyers said, but with two tenders coming

Published 08 Jan, 2019 08:40pm

Energy

Med Crude-Urals weakens in northwest Europe, Azeri programme emerges

LONDON: The differential for Russian medium sour Urals fell in Northwest Europe on Tuesday after a window offer.

In

Published 08 Jan, 2019 07:42pm

Energy

Norway's DNO raises Faroe Petroleum bid to $816 million

Norwegian oil company DNO ASA raised its bid for Britain's Faroe Petroleum to 641.7 million pounds ($816 million) on Tue

Published 08 Jan, 2019 07:40pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 08 Jan, 2019 07:35pm

Energy

LNG tanker Megara set to arrive at Isle of Grain on Jan 9

LONDON: Liquefied Natural Gas (LNG) tanker Megara is set to arrive at Britain's Isle of Grain terminal on Jan. 9, accord

Published 08 Jan, 2019 07:34pm

Energy

Azeri Light oil loadings to edge lower in February

LONDON: Loadings of Azerbaijan's main crude export grade, Azeri Light, was set at 698,200 barrels per day (bpd) in Febru

Published 08 Jan, 2019 07:14pm

Energy

Oil prices up on US-China trade talk hopes, OPEC cuts

LONDON: Oil prices rose on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese officials migh

Published 08 Jan, 2019 03:03pm

Energy

Oil prices edge up on trade talk hopes and OPEC cuts

LONDON: Oil prices rose slightly on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese offic

Published 08 Jan, 2019 11:13am

Energy

Prices up on arrival of delayed cold weather

British wholesale gas prices rose on Tuesday on the arrival of colder weather, which was initially expected from Monday

Published 08 Jan, 2019 10:56am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 07 Jan, 2019 09:33pm

Energy

Med Crude-Diffs steady, Urals largely sold out

LONDON: Differentials for Russian medium, sour Urals were unchanged on Monday in a quiet market, while traders also wait

Published 07 Jan, 2019 09:16pm

Energy

Oil rises for a fifth day as equities stabilise

LONDON: Oil prices climbed for a fifth session in a row on Monday, rallying from December's 18-month low thanks to O

Published 07 Jan, 2019 04:39pm

Energy

Oil gains 2pc, extending rally from December lows

LONDON: Oil prices rose by 2 percent on Monday, extending a rally from 18-month lows hit in December with support fr

Published 07 Jan, 2019 03:09pm

Energy

Oil prices gain 2pc, extending rally from December lows

LONDON: Oil prices rose by 2 percent on Monday, extending a rally from December's 18-month lows with support from OP

Updated 07 Jan, 2019 11:40am

Energy

LNG tanker BW Tulip to arrive in Rotterdam on Jan. 8

LONDON: Liquefied natural gas tanker BW Tulip is set to arrive in Rotterdam on Jan. 8, Refinitiv Eikon shipping data sho

Published 07 Jan, 2019 09:12am

Energy

Oil rises to $57 on China-US trade talks, OPEC cuts

LONDON: Oil rose to around $57 a barrel on Friday after China said it would hold trade talks with the United States and

Published 04 Jan, 2019 02:43pm

Energy

Gold rises to highest since mid-2018 on global growth woes

Gold prices climbed to a 6-1/2 month peak, moving closer to the key $1,300 an ounce level on Thursday, as concerns about

Published 03 Jan, 2019 09:57pm

Energy

West Africa Crude-Sasol issues buy tender, spot activity muted

LONDON: Activity was focussed on a handful of small tenders on Thursday with sellers staying on the sidelines as demand

Published 03 Jan, 2019 09:42pm

Energy

North Sea Crude-Forties firms slightly, two cargoes trade

LONDON: North Sea Forties crude differentials rose on Thursday after Trafigura bought two cargoes. PLATTS WINDOW F

Published 03 Jan, 2019 05:58pm

Energy

Oil prices rebound, helped by weak dollar, Saudi supply cuts

LONDON: Oil prices rebounded on Thursday after an early slide, helped by dollar weakness and signs of output cuts by the

Published 03 Jan, 2019 05:47pm

Energy

Oil prices decline on swelling oversupply, volatile markets

LONDON: Oil prices fell slightly on Thursday amid volatile currency and stock markets, coupled with concerns that an

Published 03 Jan, 2019 01:06pm

Energy

Renewables overtake coal as Germany's main energy source

FRANKFURT: Renewables overtook coal as Germany's main source of energy for the first time last year, accounting for

Published 03 Jan, 2019 12:35pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 02 Jan, 2019 09:10pm

Energy

Oil falls towards $53 on economic worries, surging supply

LONDON: Oil fell towards $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC pro

Published 02 Jan, 2019 04:11pm

Energy

Russian oil output reaches record high in 2018

MOSCOW: Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) last year on

Published 02 Jan, 2019 01:10pm

Energy

Oil falls to $53 on economic worries, surging supply

LONDON: Oil fell to about $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC pr

Published 02 Jan, 2019 12:09pm

Energy

Prices jump on forecast for colder weather

British prompt natural gas prices jumped on Wednesday on forecasts for colder weather, recovering from steep falls durin

Published 02 Jan, 2019 11:00am

Energy

Russian oil output reaches record high 11.16 mln bpd in 2018

MOSCOW: Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) in 2018, exceedi

Published 02 Jan, 2019 09:37am

Energy

Brent crude rises but set for first yearly drop since 2015

LONDON: Oil prices rose more than 2 percent on the final day of the year, mirroring gains in stock markets, but were

Published 31 Dec, 2018 08:51pm

Energy

Brent crude rises over $1, but set for first yearly drop since 2015

LONDON: Oil prices rose more than 2 percent on the final day of the year, mirroring gains in stock markets, but were

Published 31 Dec, 2018 01:01pm

Energy

Russia's Gazprom lifts price of gas supply to Armenia in 2019

MOSCOW: Russian gas giant Gazprom will supply Armenia with gas for $165 per 1,000 cubic metres in 2019, the company

Published 31 Dec, 2018 12:07pm

Energy

West Africa Crude-Chinese demand subdued, sellers stay on sidelines

LONDON: Spot activity was subdued due to the Christmas holiday period, particularly from Chinese refiners, while fresh o

Published 28 Dec, 2018 09:13pm

Energy

Oil prices steady near 18-month lows ahead of New Year

LONDON: Oil prices steadied on Friday after a week of volatile trading, shedding early gains on profit-taking ahead of t

Published 28 Dec, 2018 08:32pm

Energy

Med crude-Urals diffs ease in Baltic on lower demand for end-month cargoes

MOSCOW: Urals differentials weakened in northwest Europe in Surgutneftegaz's tender due to lower demand for Urals cargoe

Published 28 Dec, 2018 08:20pm

Energy

Russia's Gazprom Neft says its plans are resistant to low oil prices

MOSCOW: Russian oil producer Gazprom Neft's strategic plans are sustainable even at low oil prices, the company's chief

Published 27 Dec, 2018 09:05pm

Energy

Russia says unpredictable US, protectionism behind oil price volatility

MOSCOW: Rising protectionism and trade wars and the unpredictability of the US administration have greatly contribut

Published 27 Dec, 2018 12:23pm

Energy

Prices fall on milder weather and reduced holiday season demand

British wholesale gas prices fell on Thursday due forecasts for higher temperatures than previously expected and as the

Published 27 Dec, 2018 09:42am

Energy

Oil slips back towards 18-month lows on oversupply

LONDON: Oil prices fell more than 1 percent on Thursday after rebounding 8 percent in the previous session, as worries o

Published 27 Dec, 2018 09:40am

Energy

Gold hits six-month high on US political worries

BENGALURU: Gold rose to its highest in six months on Wednesday as worries over U.S. political uncertainty, aggravate

Published 26 Dec, 2018 01:42pm

Energy

Oil rises to $51 after steep slide; growth fears weigh

LONDON: Oil edged up to $51 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a pr

Published 26 Dec, 2018 11:31am

Energy

Oil nears 2018 lows as stock markets slide

LONDON: Oil prices dropped on Monday, nearing their lowest level this year, in line with another decline across glob

Published 24 Dec, 2018 04:12pm

Energy

Oil falls in line with stricken stock markets

LONDON: Oil fell on Monday, in line with another decline across global stock markets, which came under pressure from

Published 24 Dec, 2018 02:05pm

Energy

Brent crude inches up, but concern over demand limits gains

LONDON: Oil prices edged up on Monday after evidence that a recent fall to 15-month lows may be affecting output in

Published 24 Dec, 2018 12:29pm

Energy

Brent crude edges up, but concern over demand limits gains

LONDON: Oil prices edged up on Monday after evidence that a recent fall to 15-month lows may be affecting output in the

Published 24 Dec, 2018 11:11am

Energy

Prompt up on cold weather, low wind output

British prompt gas prices rose on Monday due to a reduction in temperature forecasts and weaker than expected power outp

Published 24 Dec, 2018 11:10am

Energy

LNG tanker Clean Planet due to arrive at UK's Isle of Grain on Dec 29

OSLO: Liquefied natural gas (LNG) tanker Clean Planet is due to arrive at the British port of Isle of Grain on Dec. 29,

Published 24 Dec, 2018 09:19am

Energy

Total in talks to sell N. Sea oil, gas assets to private firms

LONDON: French energy giant Total is in advanced talks with privately owned firms Albion Energy and First Alpha Energy C

Published 21 Dec, 2018 09:21pm

Energy

Russia's Gazprom plans to provide extra 100bn roubles for Gazprombank

MOSCOW: Russia's Gazprom plans to inject an extra 100 billion roubles ($1.46 billion) into Gazprombank, the country's th

Published 21 Dec, 2018 09:15pm

Energy

Russian OPEC coordinator Marshavin to leave energy ministry

MOSCOW: Roman Marshavin, one of the Russian Energy Ministry officials who orchestrated the 2016 landmark deal with OPEC,

Published 21 Dec, 2018 09:14pm

Energy

Oil hits multi-month lows as downbeat mood persists

LONDON: Oil prices fell to their lowest since the third quarter of 2017 on Friday, heading for losses of 11 percent in a

Published 21 Dec, 2018 09:07pm

Energy

GLOBAL LNG - Lower Asia temperatures and charter rates nudge LNG prices higher

LONDON: Global prices for liquefied natural gas (LNG) edged higher this week, helped by a slight drop in temperatures in

Published 21 Dec, 2018 08:57pm

Energy

ExxonMobil shelves Canada LNG export project

LONDON: US oil major Exxon Mobil Corp has withdrawn its WCC liquefied natural gas (LNG) export terminal in Canada from t

Published 20 Dec, 2018 09:48pm

Energy

Oil slumps to lowest in a year as stock markets sink

LONDON: Oil prices fell more than 4 percent on Thursday, hitting their lowest in more than a year on worries about o

Published 20 Dec, 2018 04:11pm

Energy

Oil slumps 3pc, near lowest in a year as stock markets sink

LONDON: Oil prices fell about 3 percent on Thursday, heading back towards their lowest levels for more than a year o

Published 20 Dec, 2018 11:41am

Energy

Gazprom says completes gas sales on electronic platform

MOSCOW: Russian gas giant Gazprom said on Wednesday it has successfully completed the first "day-ahead" gas sales deal o

Published 19 Dec, 2018 05:02pm

Energy

UK GAS-Prices rise as wind power output, temperatures slip

LONDON: Prompt British wholesale gas prices rose on Wednesday morning on lower forecasts for wind power production and c

Published 19 Dec, 2018 02:15pm

Energy

Cheaper petrol pushes UK inflation to lowest since March 2017

LONDON: Cheaper petrol and video games helped push Britain's inflation rate to its lowest since early 2017 last month, o

Published 19 Dec, 2018 02:12pm

Energy

Oil steady after sell-off but oversupply still drags

LONDON: Oil stabilised on Wednesday after one of its biggest falls for years, but remained under pressure from oversuppl

Published 19 Dec, 2018 12:35pm

Energy

Poland seeks contractor for LNG terminal expansion

WARSAW: The operator of Poland's only liquefied natural gas (LNG) terminal on Wednesday tendered for a contractor to ove

Published 19 Dec, 2018 12:32pm

Energy

BP launches $3bn sale of US onshore assets to fund BHP deal

LONDON/NEW YORK: Britain's BP has launched the sale of US oil and gas onshore assets that could raise more than $3 billi

Published 19 Dec, 2018 12:15pm

Energy

Oman LNG offers LNG cargo in tender for January loading

LONDON: Oman LNG has offered a spot liquefied natural gas (LNG) cargo for loading on Jan. 25-26 from its Qalhat plant, t

Published 19 Dec, 2018 12:12pm

Energy

Shell acquires stake in Asia-focused Cleantech Solar

LONDON: Royal Dutch Shell has agreed to acquire a 49 percent stake in Asia-focused firm Cleantech Solar, the energy gian

Published 19 Dec, 2018 12:12pm

Energy

Norway's Nov oil, gas output missed forecast after vessel crash

OSLO: Norway's November oil and gas output was lower than originally expected due to a collision between a navy frigate

Published 19 Dec, 2018 09:07am

Energy

Oil slumps to fresh one-year lows in markets rout

LONDON: World oil prices tumbled Tuesday to strike the lowest levels in more than a year, hit by a markets rout that was

Published 18 Dec, 2018 02:05pm

Energy

Russian crude exports and transit volumes set to fall as producers curb output

MOSCOW: Russia's crude oil exports and transit volumes from Kazakhstan and Azerbaijan are set to fall to 61.7 million to

Published 18 Dec, 2018 12:38pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 18 Dec, 2018 12:36pm

Energy

Oil drops 4pc on oversupply, equities sell-off

LONDON: Oil prices fell 4 percent on Tuesday after reports of swelling inventories and forecasts of record US and Russia

Published 18 Dec, 2018 12:17pm

Energy

Prices down on mild weather, strong wind

British wholesale gas prices fell on Tuesday as above-normal temperatures and strong power output from wind turbines cur

Published 18 Dec, 2018 11:02am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 17 Dec, 2018 02:56pm

Energy

Russia's oil export duty to fall to $89/T in January under new tax regime

MOSCOW: Russia's oil export duty is expected to fall by around 34 percent in January from December to $89 per tonne, as

Published 17 Dec, 2018 02:20pm

Energy

UK GAS-Prices down on increased Norway flows, higher temperatures

British prompt gas prices fell on Monday as an increase in flows from Norway created a supply surplus, and as temperatur

Published 17 Dec, 2018 02:19pm

Energy

Oil steady but oversupply, economic growth weigh

LONDON: Oil prices steadied on Monday after slipping by around 2 percent last week, but remained under pressure from ove

Published 17 Dec, 2018 02:00pm

Energy

Italy judge says evidence shows Eni, Shell knew of Nigerian graft

MILAN: An Italian judge found on Monday that oil groups Eni and Royal Dutch Shell were fully aware that their 2011 purch

Published 17 Dec, 2018 01:49pm

Energy

New oil, gas projects to accelerate next year

LONDON: The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is

Published 17 Dec, 2018 12:34pm

Energy

Oil falls on China economic data, output cuts support

LONDON: Oil prices fell on Friday after China reported slower economic growth, pointing to lower fuel demand in the worl

Published 14 Dec, 2018 11:48am

Energy

Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal

LONDON: Lawyers for the Nigerian government said they had filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni

Published 13 Dec, 2018 12:30pm

Energy

Oil falls below $60 a barrel as inventories stay high

LONDON: The oil price fell below $60 a barrel on Thursday, under pressure from high global inventories and a smaller-tha

Published 13 Dec, 2018 12:28pm

Energy

Lower oil prices help grease economic activity: IEA

PARIS: The threat of an all-out trade war has dampened the outlook for the global economy, but the recent drop in oil pr

Published 13 Dec, 2018 10:54am

Energy

Energy group Total sells 4 pc of Ichthys to Inpex for $1.6 bn

PARIS: French energy company Total said it has agreed to sell a 4 percent stake in its Australian Ichthys liquefied nat

Published 13 Dec, 2018 09:47am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 12 Dec, 2018 01:53pm

Energy

OPEC offsets Iran oil loss, sees lower 2019 demand

LONDON: OPEC said on Wednesday it had offset a drop in sanctions-hit Iranian oil exports and lowered the 2019 forecast o

Published 12 Dec, 2018 01:37pm

Energy

UK GAS-Prices rise as temperatures dip, heating demand increases

LONDON: British wholesale gas prices edged higher on Wednesday as temperature forecasts were cut leading to rising deman

Published 12 Dec, 2018 12:17pm

Energy

Oil rises to $61 on Libyan supply cut, US inventories

LONDON: Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in US crude inventor

Published 12 Dec, 2018 12:07pm

Energy

Russia sees modest oil output cuts in January

SABETTA: Russia plans to cut its oil output by at least 50,000 to 60,000 barrels per day (bpd) in January, its energy mi

Published 11 Dec, 2018 01:56pm

Energy

Russia says plans to cut oil output by at least 50,000-60,000 bpd in Jan

MOSCOW: Russia plans to cut its oil output by at least 50,000 to 60,000 barrels per day (bpd) in January, its energy min

Published 11 Dec, 2018 09:10am

Energy

Oil surrenders some of its OPEC gains as stock markets soften

LONDON: Oil eased on Monday, echoing the weakness in global stock markets and erasing some of the gains made last week w

Published 10 Dec, 2018 03:53pm

Energy

Shanghai raises non-residential gas prices from Dec. 1

BEIJING: Shanghai raised gas prices for non-residential users such as power plants and chemical producers from Dec. 1 to

Published 10 Dec, 2018 01:06pm

Energy

Oil slips in line with bearish equities

LONDON: Oil fell on Monday, in line with further declines in global stock markets, erasing the gains made last week when

Published 10 Dec, 2018 12:56pm

Energy

Oil traders focus on deteriorating economic outlook rather than OPEC: Kemp

LONDON: The weakening outlook for oil consumption coupled with rising output from US shale and softer than expected US s

Published 10 Dec, 2018 12:32pm

Energy

LNG tanker Seri Camar to arrive in Britain on Dec. 11

LONDON: Liquefied natural gas (LNG) tanker Seri Cemar is set to arrive at Britain's Isle of Grain terminal on Dec. 11, a

Published 10 Dec, 2018 07:59am

Energy

OPEC and partners face steep challenge to reach oil cut deal

Vienna: OPEC will meet with 10 partner countries, including Russia, on Friday to try to thrash out an agreement on oil p

Published 07 Dec, 2018 06:58am

Energy

OPEC tentatively agrees oil cut, waits for Russia to commit

VIENNA: OPEC tentatively agreed an oil output cut on Thursday but was waiting for a commitment from non-OPEC heavywe

Published 06 Dec, 2018 08:39pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 06 Dec, 2018 04:50pm

Energy

West Africa Crude-Angolan cargoes linger, Qua offered lower

LONDON: Angola crude oil cargoes remained in ample supply on Thursday while offers of Nigerian crude were heard to be ed

Published 06 Dec, 2018 04:49pm

Energy

Oil falls after OPEC delays output decision

LONDON: Oil fell in choppy trading on Thursday after OPEC ended a key meeting having made no decision on crude output, a

Published 06 Dec, 2018 04:01pm

Energy

Russia's Gazprom 2018 dividend may slightly exceed 10 rbls/share

MOSCOW: Russian gas producer Gazprom's 2018 dividend may slightly exceed 10 roubles per share, Interfax cited a source a

Published 06 Dec, 2018 02:15pm

Energy

Oil tumbles 5pc after OPEC hints at smaller output cut

LONDON: Oil lost nearly 5 percent on Thursday, after OPEC signalled it may agree to a smaller output cut than expected a

Published 06 Dec, 2018 01:29pm

Energy

Pakistan LNG says Trafigura, Gunvor lowest bidders in LNG tender

SINGAPORE/LONDON: Pakistan LNG said on Thursday commodity traders Trafigura and Gunvor had made the lowest bids in a ten

Published 06 Dec, 2018 12:53pm

Energy

Brent oil price sinks under $60 on Saudi comments

LONDON: Brent oil prices sank under $60 on Thursday after Saudi Arabia made remarks that were deemed overly cautious by

Published 06 Dec, 2018 11:47am

Energy

OPEC meets as Trump calls for oil taps to be kept on

Vienna: OPEC members and other oil-producing countries gather in Vienna on Thursday to discuss cutting output to prop up

Published 06 Dec, 2018 06:48am

Energy

OPEC, Russia move closer to cutting oil output

VIENNA: OPEC and Russia moved closer on Wednesday to agreeing cuts in oil production from next year despite pressure

Published 05 Dec, 2018 08:51pm

Energy

EU wheat drifts lower as traders await export spark

PARIS: Euronext wheat edged lower on Wednesday, curbed by a drop in U.S. futures and a backdrop of sluggish export d

Published 05 Dec, 2018 08:30pm

Energy

Surgutneftegaz sells 100,000 T of Baltic Urals in Dec to Eni

MOSCOW: Russia's Surgutneftegaz sold 100,000 tonnes of Urals crude in a spot tender for loading from Primorsk port on De

Published 05 Dec, 2018 04:14pm

Energy

Russia's Gazprom Neft sticking with plan to raise oil output in 2019

MOSCOW: Russian oil producer Gazprom Neft will keep its plan to raise oil output by 50,000 barrels per day in 2019 regar

Published 05 Dec, 2018 03:58pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 05 Dec, 2018 03:54pm

Energy

Oil rises before OPEC meeting, gains capped by oversupply concerns

LONDON: Oil rose on Wednesday ahead of a meeting of the world's biggest exporters who will discuss cutting output to hel

Published 05 Dec, 2018 03:51pm

Energy

OPEC history of oil output changes

The following are changes in oil output limits by the Organization of the Petroleum Exporting Countries, dating from eff

Published 05 Dec, 2018 03:03pm

Energy

US oil reserves rise to record despite production boom: Kemp

LONDON: US crude oil reserves hit record levels at the end of 2017, as annual reserve additions outstripped production f

Published 05 Dec, 2018 02:35pm

Energy

Oil rises as investors anticipate OPEC production cuts

LONDON: Oil prices rose on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a redu

Published 04 Dec, 2018 06:46pm

Energy

Chevron seeks to sell stakes in giant Azeri oil field, pipeline

LONDON: US oil and gas company Chevron has decided to launch the sale of its stake in Azerbaijan's largest oil field as

Published 04 Dec, 2018 02:40pm

Energy

Rising ship supply helps ease LNG charter rates

LONDON: Inflated spot charter rates for liquefied natural gas (LNG) tankers are easing as more ships becoming available,

Published 04 Dec, 2018 01:59pm

Energy

UK GAS-Prices down on Norway flows boost, milder weather

British wholesale gas prices fell on Tuesday as a sharp increase in flows from Norway created a supply surplus, and as f

Published 04 Dec, 2018 01:16pm

Energy

OPEC works on deal to cut output, still needs Russia on board

VIENNA: OPEC and its allies are working towards a deal this week to reduce oil output by at least 1.3 million barrels pe

Published 04 Dec, 2018 11:49am

Energy

Oil shipments from Georgia's Batumi port drop 49 pct in year to Nov

TBILISI: Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell 48.6 percent in the first eleven mon

Published 04 Dec, 2018 09:39am

Energy

LNG tanker Patris due to arrive at port of Rotterdam on Dec. 9

OSLO: The liquefied natural gas (LNG) tanker Patris is due to arrive at the Dutch port of Rotterdam on Dec. 9, Refinitiv

Published 04 Dec, 2018 09:04am

Energy

OPEC caught between Trump and falling oil prices

Vienna: OPEC members and other oil-producing countries convene in Vienna this week to discuss lowering their output, as

Published 04 Dec, 2018 06:38am

Energy

Turkey oil purchases from Iran fall to zero in November

WASHINGTON: Turkey's purchases of Iranian crude oil fell to zero in November, according to a source familiar with th

Published 03 Dec, 2018 08:01pm

Energy

Polish coal imports jump, Russia biggest supplier

WARSAW: Poland's thermal coal imports for the first nine months of the year almost doubled versus the same period in 201

Published 03 Dec, 2018 02:04pm

Energy

Oil surges 5 pct on trade truce, expected supply cuts

LONDON: Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in

Published 03 Dec, 2018 12:48pm

Energy

Total says fuel stations running dry due to ‘yellow vest’ protests

PARIS: Total on Monday said several dozen of its gasoline stations had run dry as a more than two-week long protest over

Published 03 Dec, 2018 12:18pm

Energy

Russian oil products export from Black Sea port of Tuapse seen up in Dec

MOSCOW: Russian oil product exports from the Black Sea port of Tuapse are set to rise by 3.6 percent on a daily basis to

Published 03 Dec, 2018 12:14pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 03 Dec, 2018 12:02pm

Energy

Shell sets carbon cutting targets after investor pressure

LONDON: Royal Dutch Shell caved in to growing investor pressure over climate change on Monday with plans to set short-te

Published 03 Dec, 2018 10:28am

Energy

Total restarting Normandy refinery after workers suspend strike

PARIS: Oil and gas major Total said on Friday it had begun the restart of its 253,000 barrel-per-day Gonfreville refiner

Published 30 Nov, 2018 02:41pm

Energy

Oil toils after worst month in a decade, Deutsche sinks DAX

LONDON: Oil toiled at a more than one-year low after its worst month in a decade on Friday, while most major markets wer

Published 30 Nov, 2018 01:31pm

Energy

Oil sinks under $50 on OPEC doubts as stock markets rise

LONDON: New York oil sank Thursday under $50 on doubts over an OPEC output cut, while most stocks rose as the Federal Re

Published 29 Nov, 2018 01:47pm

Energy

Hoegh LNG CEO sees outlook improving due to strong LNG demand in China

OSLO: Norway's Hoegh LNG, a provider of specialised vessels for importing liquefied natural gas, said it expected to ex

Published 29 Nov, 2018 10:07am

Energy

Prices up on lower Norway flows, colder weather

British wholesale gas prices rose on Thursday as a decrease in flows from Norway created a supply deficit, and as foreca

Published 29 Nov, 2018 10:00am

Energy

Russian gas pipeline and Ukraine crisis are separate issues

BERLIN: Germany's economy minister dismissed on Thursday suggestions that his country's commitment to a pipeline - that

Published 29 Nov, 2018 08:13am

Energy

Oil slips to about $60 on US inventories, OPEC comments

LONDON: Oil slipped to about $60 a barrel on Wednesday, pressured by rising US inventories and doubts over whether an OP

Published 28 Nov, 2018 01:17pm

Energy

Oil rises further above $60 as OPEC, North Sea outage support

LONDON: Oil rose further above $60 a barrel on Wednesday, supported by expectations that OPEC and its partners will next

Published 28 Nov, 2018 10:04am

Energy

LNG tanker hits berth at Russia's Sakhalin Energy, delays departure

MOSCOW: The Grand Elena tanker, carrying 145,000 cubic metres of liquefied natural gas (LNG), has hit a berth at Russia'

Published 28 Nov, 2018 09:12am

Energy

Oil falls on record Saudi output; eyes G20 and OPEC

LONDON: Oil prices fell on Tuesday, depressed by record Saudi Arabian production even as the kingdom tried to persuade o

Published 27 Nov, 2018 12:00pm

Energy

Nigeria LNG offers December cargo

LONDON/SINGAPORE: Nigeria Liquefied Natural Gas (NLNG) has offered a cargo for loading in December, three industry sourc

Published 27 Nov, 2018 11:58am

Energy

Oil group Total says strikes impacting Normandy, Grandpuits and Feyzin sites

PARIS: French oil and energy company Total said it had started a process to suspend production at a refinery in Normandy

Published 27 Nov, 2018 11:40am

Energy

Flex LNG sees a tight LNG shipping market in coming years

OSLO: LNG shipper Flex LNG, controlled by Norwegian-born billionaire John Fredriksen, expects a tight LNG shipping marke

Published 27 Nov, 2018 11:17am

Energy

Prompt down on strong wind, higher temperatures

British within-day gas price fell on Tuesday due to expected strong power output from wind turbines and increasing tempe

Published 27 Nov, 2018 09:30am

Energy

Oil creeps back above $60, but growth doubts curb gains

LONDON: Oil prices rose above $60 a barrel on Monday, recovering some of the previous session's near-7 percent fall, alt

Published 26 Nov, 2018 02:18pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 26 Nov, 2018 11:24am

Energy

France's Dunkirk LNG terminal to receive first cargo since July

LONDON: France's Dunkirk liquefied natural gas (LNG) terminal has reopened after almost four months of maintenance work

Published 26 Nov, 2018 10:34am

Energy

Oil prices sink on supply glut fears

LONDON: Oil prices extended a sharp plunge Friday to hit the lowest levels in more than one year on fears of a globa

Published 23 Nov, 2018 06:25pm

Energy

Oil prices hit year low as OPEC considers output cut

LONDON: Oil prices fell to their lowest in more than a year on Friday, on course for their biggest one-month decline sin

Published 23 Nov, 2018 01:35pm

Energy

Greece opens new LNG tank to boost energy hub ambitions

ATHENS: Greece inaugurated on Thursday a new liquefied natural gas (LNG) tank to boost its storage capacity and bolster

Published 23 Nov, 2018 10:22am

Energy

Oil falls on rising US inventories, OPEC talk of cut limits loss

LONDON: Oil prices dipped on Thursday after U.S. inventories swelled to their highest level since December adding to

Published 22 Nov, 2018 07:47pm

Energy

Russia's Gazprom approves 2019 external borrowing plan of 298bn rbls

MOSCOW: Russian gas producer Gazprom has approved an external borrowing plan of 297.761 billion roubles ($4.54 billion)

Published 22 Nov, 2018 02:41pm

Energy

Angola to export 43 crude oil cargoes in January vs 46 in December

LONDON: Angola will export 43 crude oil cargoes in January down from 46 cargoes in December, a source familiar with the

Published 22 Nov, 2018 11:54am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 Nov, 2018 10:44am

Energy

Oil major Total says deliveries from three French refineries blocked due to strike

PARIS: French oil and gas major Total said on Thursday that product deliveries from three of its refineries in France ha

Published 22 Nov, 2018 10:08am

Energy

Oil falls on rising US inventories, OPEC talk of cut limits loss

LONDON: Oil prices fell on Thursday after US crude inventories swelled to their highest level since December stoking con

Published 22 Nov, 2018 10:07am

Energy

Norway oil firms raise 2019 investment forecast

OSLO: Oil and gas companies operating in Norway have raised their investment forecasts for 2019 to 175.3 billion Norwegi

Published 22 Nov, 2018 07:49am

Energy

British Gas launches new tariff for electric vehicle charging

LONDON: Centrica's British Gas has launched a new tariff for electric vehicle (EV) owners charging their vehicles betwee

Published 20 Nov, 2018 08:32am

Energy

Med crude-Urals diffs inch up in NWE, stable in Mediterranean

MOSCOW: Urals crude differentials in northwest Europe inched up on Monday in a spot tender, while in the Mediterranean t

Published 19 Nov, 2018 07:51pm

Energy

Oil slips as pessimism over supply resurfaces despite OPEC pledge

LONDON: Oil fell on Monday, surrendering earlier gains as investors weighed up the effectiveness of a potential cut

Published 19 Nov, 2018 04:14pm

Energy

Oil rises for a fourth day, buoyed by OPEC supply plans

LONDON: Oil rose for a fourth session in a row on Monday, buoyed by the prospect that top exporter Saudi Arabia will

Published 19 Nov, 2018 10:59am

Energy

Oil heads for week of losses despite talk of supply cut

LONDON: Oil rose on Friday on expectations that OPEC and its allies would agree to cut output next month but prices

Published 16 Nov, 2018 12:36pm

Energy

Oil firms on supply cut talk; still set for sixth weekly loss

LONDON: Oil rose on Friday on hopes that supply cuts will be agreed at OPEC's meeting on Dec. 6, but failed to recou

Published 16 Nov, 2018 11:52am

Energy

West Africa Crude-Traders wait for Jan programmes, Nigerian clears

LONDON: A surplus of December loading cargoes has largely cleared thanks to a number of tenders, traders said on Thursda

Published 15 Nov, 2018 09:53pm

Energy

Med crude-Urals diffs edge higher in Baltic on strong demand

MOSCOW: Urals differentials in northwest Europe rose to higher premiums against dated Brent on Thursday as demand for Ru

Published 15 Nov, 2018 09:02pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 15 Nov, 2018 08:53pm

Energy

Oil edges higher but market at risk of possible supply glut

LONDON: Oil rose on Thursday, stabilising after losing nearly 7 percent over the previous three days, though concern

Published 15 Nov, 2018 04:44pm

Energy

Oil steadies but remains threatened by potential supply glut

LONDON: Oil prices steadied on Thursday, having lost nearly 7 percent over the previous three days, but concern over

Published 15 Nov, 2018 11:17am

Energy

Med crude-Urals trades at premium to BFOE in Baltic for first time in five years

MOSCOW: Urals differentials firmed in northwest Europe to premium against dated Brent as demand for December cargoes was

Published 14 Nov, 2018 10:41pm

Energy

Global oil market faces surplus throughout 2019 as demand growth slows

LONDON: Global oil supply will outpace demand throughout 2019, as a relentless rise in output swamps growth in consu

Published 14 Nov, 2018 02:09pm

Energy

Oil rises as OPEC, partners discuss supply cut

LONDON: Oil rose on Wednesday, recouping some of the previous session's slide, on the growing prospect of OPEC and a

Published 14 Nov, 2018 01:34pm

Energy

West Africa Crude-Angolan export programmes due, Nigerian market in surplus

LONDON: Spot trade in Angolan cargoes slowed ahead of the release of the January loading programme later this week, whil

Published 13 Nov, 2018 09:38pm

Energy

Venture Global's Plaquemines LNG export plant passes environmental test

Venture Global's Plaquemines liquefied natural gas (LNG) export terminal in Louisiana took a step toward receiving feder

Published 13 Nov, 2018 09:24pm

Energy

OPEC trims oil demand forecasts

PARIS: OPEC on Tuesday trimmed its global oil demand forecasts for this year and next, as kingpin Saudi Arabia tries

Published 13 Nov, 2018 01:48pm

Energy

Oil falls after Trump urges OPEC not to cut supply

LONDON: Oil prices fell more than 1 percent on Tuesday, with benchmark Brent crude slipping below $70 per barrel and

Published 13 Nov, 2018 12:40pm

Energy

Oil down 2pc after Trump urges OPEC not to cut supply

LONDON: Oil prices fell more than 2 percent on Tuesday after U.S. President Donald Trump put pressure on OPEC not to

Published 13 Nov, 2018 11:19am

Energy

Gazprom says Swiss court blocks Nord Stream payments

MOSCOW: A Swiss court has issued an injunction barring the operators of the Nord Stream gas pipeline from making payment

Published 12 Nov, 2018 07:34pm

Energy

West Africa Crude-Weak Asian demand, high freight weigh

LONDON: West African crude differentials remained under pressure on Monday as high freight rates and weaker Asian demand

Published 12 Nov, 2018 07:24pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 12 Nov, 2018 07:16pm

Energy

Med crude-Urals diffs stable in NWE and Med in quiet trade

MOSCOW: Russa's Urals crude differentials in northwest Europe and Mediterranean were stable on Monday in quiet trade.

Published 12 Nov, 2018 07:09pm

Energy

Oil gains after Saudi paves the way for an output cut

LONDON: Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabi

Published 12 Nov, 2018 03:42pm

Energy

Oil rises as Saudi Arabia seeks to tackle oversupply

LONDON: Oil prices rose on Monday after Saudi Arabia said OPEC and its partners believed demand was softening enough

Published 12 Nov, 2018 03:02pm

Energy

Total plans new offshore Angola well to boost oil output

LUANDA: French oil company Total said on Saturday it plans to drill 13 wells on block 17, offshore Angola, in order

Published 10 Nov, 2018 01:01pm

Energy

Brent oil drops under $70 for first time since April

LONDON: Brent crude oil sank Friday under $70 per barrel before a weekend meeting of major oil producing nations in

Published 09 Nov, 2018 11:39am

Energy

Repsol's Petronor refinery reports FCC outage

LONDON: Repsol's 220,000 bpd Petronor refinery in Spain shut down its gasoline producing FCC unit on Thursday following

Published 08 Nov, 2018 08:47pm

Energy

North Sea Crude-Forties slumps, Sture terminal closes briefly

LONDON: North Sea Forties crude differentials slumped on Thursday, pressured by ample prompt supplies while a brief clos

Published 08 Nov, 2018 08:12pm

Energy

Oil drops as rising global supply forces price U-turn

LONDON: Oil neared three-month lows on Thursday, surrendering early gains as investors focused on global crude suppl

Published 08 Nov, 2018 04:50pm

Energy

Oil falls as rising global supply forces price U-turn

LONDON: Oil edged lower on Thursday, surrendering early gains, as investors focused on the pace of growth in global

Published 08 Nov, 2018 03:01pm

Energy

Oil rises to $73 on report Russia, Saudi discussing possible output cut

LONDON: Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August, supported by a report t

Published 07 Nov, 2018 03:09pm

Energy

Oil prices down on Iran sanction exemptions, demand concerns

LONDON: Oil prices fell on Tuesday after Washington granted sanctions exemptions to top buyers of Iranian oil, lifti

Published 06 Nov, 2018 02:11pm

Energy

West Africa Crude-Angolan diffs slide as high freight rates bite

LONDON: The West African market saw little in the way of spot trade on Monday as rising freight rates dampened demand fr

Published 05 Nov, 2018 05:49pm

Energy

Oil up as US imposes sanctions on Iran, Tehran defiant

LONDON: Oil prices recovered some ground on Monday after five days of heavy losses as the United States imposed a ra

Published 05 Nov, 2018 05:00pm

Energy

Oil slips as US sanctions on Iran begin, Tehran defiant

LONDON: Oil prices fell on Monday as U.S. sanctions against Iran's fuel exports were softened by waivers allowing ma

Published 05 Nov, 2018 01:23pm

Energy

GLOBAL LNG-Asian spot price flat as bloated storage deters trades

LONDON: Asian spot prices for liquefied natural gas (LNG) were flat this week, at two-month lows, as bloated storage lev

Published 02 Nov, 2018 10:29pm

Energy

West Africa Crude-Angolan weaker, Nigerian steady

LONDON: The Angolan market was looking more bearish on Friday, traders said, after China's Unipec, normally a big buyer,

Published 02 Nov, 2018 09:11pm

Energy

Oil steadies before US sanctions on Iran

LONDON: Oil prices steadied on Friday after a week of heavy falls as markets braced for the imposition next week of

Published 02 Nov, 2018 12:51pm

Energy

Kosovo opts for coal plant despite criticism

PRISTINA: After decades of relying on lignite, Kosovo has been told it needs to phase the energy source out, despite

Published 02 Nov, 2018 12:50pm

Energy

Russia's Gazprom gas exports outside ex-Soviet states up 4.4pc in Jan-Oct

MOSCOW: Russian gas giant Gazprom said on Friday that its natural gas exports outside former Soviet Union grew by 4

Published 02 Nov, 2018 12:44pm

Energy

Renewables could reach 38 percent of German power use in 2018

FRANKFURT: Germany is on track to produce enough green power to cover nearly 38 percent of its electricity consumpti

Published 02 Nov, 2018 12:43pm

Energy

Eni did not make thorough checks in Nigeria deal

MILAN: Eni made no thorough background checks on a middleman it hired to broker a $1.3 billion Nigerian acquisition, a f

Published 31 Oct, 2018 08:59pm

Energy

Oil prices fall as global supply rises

LONDON: Oil prices fell for a third day on Wednesday on evidence of rising global supply despite the imposition of U

Published 31 Oct, 2018 04:16pm

Energy

Oil rises 1 percent ahead of US sanctions on Iran

LONDON: Oil prices rose more than 1 percent on Wednesday as markets braced for the imposition of U.S. sanctions on I

Published 31 Oct, 2018 11:58am

Energy

Oil prices fall on rising supply, trade tensions

LONDON: Oil prices fell on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growt

Published 30 Oct, 2018 11:07am

Energy

Oil dips as Russia signals output will stay high

NEW YORK: Oil prices edged lower on Monday, with futures on track for the worst monthly performance since mid-2016, afte

Published 29 Oct, 2018 08:09pm

Energy

Oil edges lower as economic outlook grows gloomier

LONDON: Oil prices inched lower on Monday as concern over the global economy put crude on track for its biggest mont

Published 29 Oct, 2018 03:14pm

Energy

Med crude-Urals diffs up in Baltic on high demand

MOSCOW: Urals differentials firmed in northwest Europe on Friday as demand for the Russian grade was firm but its availa

Published 26 Oct, 2018 09:39pm

Energy

Oil falls on oversupply worries despite Iran sanctions

LONDON: Oil prices dropped more than 1 percent on Friday, heading for a third weekly loss after Saudi Arabia warned

Published 26 Oct, 2018 12:27pm

Energy

OPEC, allies may need to change course as oil inventories rise-panel

LONDON/RIYADH: OPEC signalled on Thursday it may have to return to oil production cuts as global inventories rise, in a

Published 25 Oct, 2018 08:42pm

Energy

Gazprom's export arm sees additional demand for gas in Europe at up to 50 bcm

VERONA: The export arm of Russian gas giant Gazprom sees additional demand for its gas in Europe at up to 50 billion cub

Published 25 Oct, 2018 08:32pm

Energy

Oil rises towards $77 after slide, demand outlook weighs

LONDON: Oil rose towards $77 a barrel on Wednesday after hitting a two-month low as the focus returned to looming U.

Published 24 Oct, 2018 03:11pm

Energy

Oil falls to $76 as worries mount on demand outlook

LONDON: Oil slipped to around $76 a barrel on Wednesday, paring losses after hitting its lowest since late August, p

Published 24 Oct, 2018 02:00pm

Energy

Oil falls after Saudi Arabia reassures market on supply

LONDON: Oil prices fell on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring

Published 23 Oct, 2018 02:29pm

Energy

Oil falls by $2 after Saudi Arabia reassures market on supply

LONDON: Oil prices fell more than 2 percent on Tuesday after Saudi Arabia said it could supply more crude quickly if

Published 23 Oct, 2018 02:04pm

Energy

Oil falls as Saudi Arabia reassures market on supply

LONDON: Oil prices fell on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring

Published 23 Oct, 2018 11:17am

Energy

Total CEO to attend Saudi investment conference

PARIS: Total's chief executive said on Monday he would attend an investment conference in Saudi Arabia this week, despit

Published 22 Oct, 2018 07:56pm

Energy

Oil rises above $80, Saudi Arabia plans output increase

LONDON: Oil edged above $80 a barrel on Monday, lifted by nervousness over a worsening diplomatic crisis between Sau

Published 22 Oct, 2018 02:20pm

Energy

Oil holds near $80 as Saudi Arabia plans output increase

LONDON: Oil hovered around $80 a barrel on Monday, lifted by a diplomatic crisis between Saudi Arabia and the West,

Published 22 Oct, 2018 12:03pm

Energy

Russia's Lukoil has no immediate plans to sell power assets - CEO

TASHKENT: Russian oil firm Lukoil has no immediate plans to sell its power assets in Russia, chief executive Vagit Alekp

Published 19 Oct, 2018 02:06pm

Energy

Oil up but set for weekly loss on stock build, trade row

LONDON: Oil prices rose on Friday on signs of surging demand in China, the world's second-biggest oil consumer, although

Published 19 Oct, 2018 12:42pm

Energy

OPEC, allies struggle to fully deliver pledged oil output boost

LONDON: OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document

Published 19 Oct, 2018 10:54am

Energy

Oil up but set for weekly loss on stock build, trade row

LONDON: Oil prices rose on Friday on signs of surging demand in China, the world's second-biggest oil consumer, although

Published 19 Oct, 2018 09:11am

Energy

Shell sells Danish upstream assets to Norwegian Energy in $1.9bn deal

OSLO: Royal Dutch Shell has agreed to sell its Danish upstream business to Norwegian Energy (Noreco) in a deal valuing t

Published 18 Oct, 2018 12:53pm

Energy

Gazprom has increased gas output by 6.8pc so far this year

MOSCOW: Russian gas giant Gazprom has increased its gas output by 6.8 percent in the last nine and a half months and exp

Published 18 Oct, 2018 11:01am

Energy

Total ties up with India's Adani for LNG plants, fuel retail

French oil major Total has signed a deal with Indian conglomerate Adani Group to re-enter the South Asian nation's lique

Published 17 Oct, 2018 01:04pm

Energy

Shell to acquire stake in Deutsche Telekom-led toll services provider

FRANKFURT: A unit of Royal Dutch Shell is acquiring a 15-percent stake in Toll4Europe, an electronic toll service provid

Published 17 Oct, 2018 12:33pm

Energy

Oil steadies after surprise draw in US crude stocks

LONDON: Oil prices steadied after three days of gains on Wednesday after industry data showed a surprise decline in US c

Updated 19 Oct, 2018 11:27am

Energy

Oil rises on surprise draw in U.S. crude stockpiles

LONDON: Oil prices rose for a fourth day on Wednesday after industry data showed a surprise decline in U.S. crude invent

Updated 19 Oct, 2018 11:27am

Energy

Oil falls on US shale output, expected stocks data

LONDON: Oil prices fell on Tuesday on evidence of higher US oil production and increasing US crude inventories, but repo

Published 16 Oct, 2018 09:53am

Energy

Oil prices rise on Saudi tensions; demand outlook drags

LONDON: Oil prices rose on Monday as tension over the disappearance of a prominent Saudi journalist stoked supply worrie

Published 15 Oct, 2018 11:35am

Energy

European gasoline margins near 5-year low on oversupply

LONDON: Northwest European gasoline barge refining margins turned negative on Friday for first time since December 2013

Published 12 Oct, 2018 12:37pm

Energy

Oil edges further above $80 but weaker demand view weighs

LONDON: Oil edged further above $80 a barrel on Friday as a rally in equities lent support, though prices pared most of

Published 12 Oct, 2018 12:22pm

Energy

IEA lowers its growth forecast in oil demand for 2018, 2019

Paris: The International Energy Agency on Friday revised lower its growth forecast in global oil demand for 2018 and 201

Published 12 Oct, 2018 09:31am

Energy

OPEC says oil market well supplied, wary of 2019 surplus

LONDON: OPEC sees the oil market as well supplied and is wary of creating a glut next year, the group's secretary-ge

Published 11 Oct, 2018 09:00pm

Energy

Cyprus seeks to construct first LNG import terminal by 2020

SINGAPORE/LONDON: Cyprus has invited bids for the development of the country's first liquefied natural gas (LNG) import

Published 11 Oct, 2018 01:46pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 11 Oct, 2018 12:21pm

Energy

Oil extends losses as markets fall, inventories climb

LONDON: Oil prices slumped to two-week lows on Thursday as global stock markets fell, with investor sentiment made more

Published 11 Oct, 2018 10:59am

Energy

OPEC Sec-Gen questions ‘misguided’ renewables debate after climate report

LONDON: OPEC's Secretary-General on Thursday criticised a report calling for radical action to fight climate change, say

Published 11 Oct, 2018 10:35am

Energy

Chevron becomes first oil major to exit Norway

OSLO: US oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it t

Published 10 Oct, 2018 01:10pm

Energy

Zinc dips after nearing 3-month high as supplies tighten

LONDON: Zinc dipped on Wednesday, having earlier risen back towards the 3-month high reached last week on shrinking inve

Published 10 Oct, 2018 12:59pm

Energy

Oil dips as IMF cuts growth outlook; eyes on hurricane

LONDON: Oil prices slipped on Wednesday after the IMF lowered its global growth forecasts, but markets were supported as

Published 10 Oct, 2018 11:59am

Energy

Oil stocks and Milan help European shares bounce back

MILAN/LONDON: European shares managed to end a choppy session in positive territory and above 6-month lows on Tuesda

Published 09 Oct, 2018 07:50pm

Energy

Brent falls as fund managers take profits after rally

LONDON: Hedge fund managers started to take some profits after the strong rally in crude oil prices, even before details

Published 09 Oct, 2018 10:47am

Energy

Oil prices rise as Iranian crude exports fall

LONDON: Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC's third-largest producer

Published 09 Oct, 2018 09:20am

Energy

LNG tanker SCF Melampus to arrive in the Netherlands on Oct 15

LONDON: Liquefied natural gas (LNG) tanker SCF Melampus is due to arrive at the Netherlands's Gate terminal on Oct. 15 f

Published 08 Oct, 2018 11:56am

Energy

Oil drops to around $83 on expectations Iran will maintain some exports

LONDON: Oil dropped to around $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep

Published 08 Oct, 2018 11:53am

Energy

French energy group Total, Algeria's Sonatrach sign new agreements

PARIS: French energy group Total and Algerian state-owned Sonatrach have signed new agreements, including a contract to

Published 07 Oct, 2018 11:19am

Energy

Corn hits one-month peak, wheat and corn edge higher

LONDON: US corn futures held just below an earlier one-month peak on Friday as forecast rains stoked fears of harvest de

Published 05 Oct, 2018 11:57am

Energy

Oil prices rise on Iran sanctions, outlook uncertain

LONDON: Oil prices steadied just below four-year highs on Friday as US sanctions curbed Iran's exports, tightening globa

Published 05 Oct, 2018 11:33am

Energy

Rising use of plastics to drive oil demand to 2050: IEA

LONDON: Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of

Published 05 Oct, 2018 11:32am

Energy

Oil holds near four-year highs as Saudi, Russia agree supply rise

LONDON: Oil held near four-year highs on Thursday, supported by the imminent loss of Iranian supply through US sanctions

Published 04 Oct, 2018 01:34pm

Energy

IEA boss urges oil producers to ease supply concerns

LONDON: Major oil producers must take "the right steps" to ease supply concerns that have lifted crude prices to a four-

Published 04 Oct, 2018 11:49am

Energy

Gazprom in talks with China on extra gas supplies

MOSCOW: Russia's Gazprom is in talks with China on additional gas supplies via the Power of Siberia pipeline, the Interf

Published 04 Oct, 2018 11:31am

Energy

UK GAS-Prices fall on healthy supply, lower demand

LONDON: British wholesale gas prices continued to decline on Thursday morning due to healthy supply and low demand due t

Published 04 Oct, 2018 08:38am

Energy

Russia could boost oil output by up to 300,000 bpd

MOSCOW: Russia could raise oil production by 200,000-300,000 barrels per day, President Vladimir Putin said on Wedne

Published 03 Oct, 2018 08:16pm

Energy

Oil slips below $85 as Saudi raises output towards record

LONDON: Oil traded below a four-year high on Wednesday as top exporter Saudi Arabia said it increased output to near a r

Published 03 Oct, 2018 01:20pm

Energy

Azerbaijan oil output to rise slightly by end of 2018: minister

MOSCOW: Azerbaijan's oil output will increase slightly between now and the end of 2018, Azeri energy minister Parviz Sha

Published 03 Oct, 2018 11:44am

Energy

Oil rises towards 4-year high as Iran sanctions loom

LONDON: Oil traded above $85 a barrel and near a four-year high on Wednesday, supported by expectations that US sanction

Published 03 Oct, 2018 11:05am

Energy

Iraqi oil minister: no revision of OPEC oil output levels for now

MOSCOW: OPEC has not yet revised its previous decisions on oil production levels, Iraqi Oil Minister Jabar al-Luaibi sai

Published 03 Oct, 2018 10:35am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 03 Oct, 2018 10:33am

Energy

Shell says approves huge gas project in Canada

LONDON: Energy major Royal Dutch Shell said Tuesday it had approved a vast liquified natural gas project in Canada to he

Published 02 Oct, 2018 02:50pm

Energy

German diesel deal gives drivers choice of retrofit or trade-in

BERLIN: Owners of older diesel cars in German cities where the air is particularly polluted should be able to choose bet

Published 02 Oct, 2018 12:58pm

Energy

Oil at 2014 highs on Iran Sanctions, NAFTA deal

NEW YORK: Oil futures extended their rally on Monday, hitting their highest levels since November 2014, as U.S. sanc

Published 01 Oct, 2018 08:28pm

Energy

Russia's Gazprom lifts Jan-Sept non-CIS gas exports 5.8pc y/y

MOSCOW: State-controlled Russian gas giant Gazprom exported 5.8 percent more gas to non-CIS countries between Jan. 1 and

Published 01 Oct, 2018 03:37pm

Energy

Rosneft halts CDU-2 unit at Ufaneftekhim refinery for maintenance after fire

MOSCOW: Russia's Rosneft has halted the CDU-2 unit at its Ufaneftekhim refinery due to a fire that occurred on Sept. 29

Published 01 Oct, 2018 10:20am

Energy

Brent oil hits highest since 2014 before US sanctions on Iran bite

LONDON: Brent crude oil hovered close to its highest since November 2014 on Monday, supported by supply concerns before

Published 01 Oct, 2018 10:08am

Energy

Oil steady as Saudi supply balances Iran sanctions

LONDON: Oil prices steadied on Friday as US sanctions on Tehran squeezed Iranian crude exports, tightening supply even a

Published 28 Sep, 2018 12:02pm

Energy

Russian average oil output 11.347 bpd Sept. 1-27, set for record - source

MOSCOW: Oil production in Russia averaged 11.347 million barrels per day (bpd) between Sept. 1 and Sept. 27 and was on t

Published 28 Sep, 2018 10:19am

Energy

Nigerian oil exports to hit six-month high in November

LONDON: Nigeria's oil exports will reach their highest in six months in November, led in part by an increase in supply o

Published 27 Sep, 2018 02:46pm

Energy

Higher fuel prices to hurt Carnival's 4th-qtr profit; shares fall

Carnival Corp on Thursday forecast fourth-quarter profit below Wall Street estimates as the world's largest cruise opera

Published 27 Sep, 2018 02:17pm

Energy

Shell in talks to buy stake in Russian oil project: sources

MOSCOW/LONDON: Royal Dutch Shell is in talks to buy a stake in an oil and gas project from Gazprom Neft, three sources f

Published 26 Sep, 2018 02:36pm

Energy

Oil eases, but Iran sanctions keep prices near late 2014 highs

LONDON: Oil prices eased on Wednesday but were still set for a fifth consecutive monthly quarter of gains, driven by an

Published 26 Sep, 2018 11:57am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 26 Sep, 2018 11:33am

Energy

Brent oil jumps to four-year high near $81

LONDON: Brent oil soared Monday close to $81, reaching the highest level since November 2014 after OPEC and other global

Published 24 Sep, 2018 01:21pm

Energy

Oil at 4-year high after OPEC rebuffs Trump, fails to raise output

LONDON: Oil prices jumped more than 2 percent to a four-year high on Monday after OPEC declined to announce an immediate

Published 24 Sep, 2018 01:10pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 24 Sep, 2018 01:00pm

Energy

Hedge funds bet on shortage of Brent oil: Kemp

LONDON: Hedge fund managers made only minor adjustments to their overall position in petroleum futures and options in th

Published 24 Sep, 2018 11:27am

Energy

Oil steady as Trump tweet slows surge upwards

LONDON: Oil prices steadied on Thursday after U.S. President Donald Trump called on OPEC to "get prices down now!",

Published 20 Sep, 2018 05:28pm

Energy

Oil holds just below $80, supported by supply concerns

LONDON: Brent oil prices eased modestly on Wednesday but stayed near their highest level this year, supported by con

Published 19 Sep, 2018 03:19pm

Energy

Oil hovers near $80, supply concern expected to underpin prices

LONDON: Oil eased on Wednesday, but held near its highest level this year, as concerns that producers may fail to co

Published 19 Sep, 2018 12:32pm

Energy

West Africa Crude-Asia tenders keep spot Nigerian and Angolan trade muted

LONDON: A flurry of forthcoming tenders restricted spot trade in the Nigerian and Angolan crude markets on Tuesday. S

Published 18 Sep, 2018 08:40pm

Energy

North Sea Crude-Forties rises, Buzzard restarts

LONDON: North Sea Forties and Ekofisk crude differentials rose on Tuesday, supported by higher demand for October-loadin

Published 18 Sep, 2018 08:36pm

Energy

Germany to build LNG plant in ‘gesture’ to US drive to sell more

BRUSSELS: Germany will chose where to build a liquefied natural gas (LNG) terminal by the end of 2018 as a gesture to th

Published 18 Sep, 2018 08:36pm

Energy

Med Crude-Urals diffs slip in NW Europe for third day

MOSCOW: Urals crude differentials in northwest Europe slipped again on Tuesday as three sellers offered barrels for load

Published 18 Sep, 2018 07:59pm

Energy

China casts shadow over new US LNG terminals with tariff

LONDON: China set a tariff on US liquefied natural gas (LNG), casting a shadow over US plans for new export terminals th

Published 18 Sep, 2018 07:57pm

Energy

Oil rises on signs OPEC not prepared to boost output

LONDON: Oil firmed on Tuesday on signs that OPEC would not be prepared to raise output to address shrinking supplies

Published 18 Sep, 2018 12:10pm

Energy

Africa Crude-Angolan Nov oil exports may fall to three-month low

LONDON: Angola will export less crude oil in November than in October, based on a preliminary loading schedule on Monday

Published 17 Sep, 2018 10:07pm

Energy

Russia's Novatek plans China LNG sales in yuan

BARCELONA: Russian liquefied natural gas (LNG) producer Novatek plans to sell some of its future production to China in

Published 17 Sep, 2018 08:52pm

Energy

Crude oil export, transit from Russia to rise by 1pc in Q4

MOSCOW: Russia aims to increase crude oil export and transit in the fourth quarter of 2018 to 63.8 million tonnes fr

Published 17 Sep, 2018 01:02pm

Energy

Forties steady, strike at Total fields called off

LONDON: North Sea Forties crude differentials were steady on Friday despite the slow return from maintenance of the key

Published 14 Sep, 2018 08:37pm

Energy

GLOBAL LNG-Prices for November soften after earlier strong weeks

LONDON: Asian spot liquefied natural gas (LNG) softened for November delivery after several weeks of strong demand and t

Published 14 Sep, 2018 07:55pm

Energy

BP again bids for Nigerian, Angolan programme awaited

LONDON: BP bid again for Nigerian cargoes on Friday, willing to pay more than it did on Thursday, while traders in the A

Published 14 Sep, 2018 07:49pm

Energy

West Africa Crude-Shell offers Nigerian cargoes, draws no buyers

LONDON: Nigerian differentials were broadly unchanged on Thursday, after a series of offers from Shell for October-loadi

Published 13 Sep, 2018 08:51pm

Energy

North Sea Crude-Brent weakens, Forties underpinned

LONDON: The North Sea differential for Brent Blend weakened below Forties on Wednesday while Forties has been firming th

Published 12 Sep, 2018 08:31pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks up as Rhine water levels remain low

LONDON: Benchmark northwest European gasoline refining margins rose on Tuesday with low water levels on the Rhine contin

Published 12 Sep, 2018 08:25pm

Energy

Oil nears $80 a barrel as concern grows over global supply

LONDON: Oil cut earlier losses and rose towards its highest level this year on Wednesday, after a drop in U.S. crude

Published 12 Sep, 2018 02:51pm

Energy

OPEC sees slower 2019 oil demand growth, warns on economy

LONDON: OPEC on Wednesday further trimmed its forecast for 2019 global oil demand growth and said the risk to the ec

Published 12 Sep, 2018 02:40pm

Energy

Bulgaria-Greece gas pipeline project receives initial bids

SOFIA: Italy's Saipem, a consortium including Azeri state firm Sokar and nine other groups or firms have submitted initi

Published 11 Sep, 2018 04:53pm

Energy

West Africa Crude-BP scoops up Nigerian cargoes; Angolan selling out

LONDON: Nigerian crude prices rose on Tuesday after refiner BP bought more October-loading cargoes in the daily trading

Published 11 Sep, 2018 04:09pm

Energy

Oil rises as US sanctions on Iran squeeze supply

LONDON: Oil prices rose on Tuesday as U.S. sanctions squeezed Iranian crude exports, tightening global supply despit

Published 11 Sep, 2018 02:02pm

Energy

Oil prices climb ahead of US sanctions on Iran

LONDON: Oil prices rose on Tuesday as U.S. sanctions squeezed Iranian crude exports, tightening global supply despit

Published 11 Sep, 2018 12:33pm

Energy

GLOBAL LNG-Supported by demand, prices exceed past winter peak

LONDON: Asian spot liquefied natural gas (LNG) prices edged higher this week as Asian demand ahead of the winter persist

Published 07 Sep, 2018 08:49pm

Energy

West Africa Crude-Angola's Cabinda crude weakens, Nigeria supported

LONDON: Nigerian crude grades ended the week supported by bidding interest from oil major BP, which was seeking for an u

Published 07 Sep, 2018 08:45pm

Energy

Med crude-Diffs stable ahead of October trading cycle

MOSCOW: Urals differentials were unchanged for the fourth consecutive day on Friday due to lack of trading activity as n

Published 07 Sep, 2018 07:21pm

Energy

Oil gains from dollar weakness; focus pinned on demand outlook

LONDON: Oil rose on Thursday, encouraged by a weaker dollar and evidence of strong US fuel demand, though demand prospec

Published 06 Sep, 2018 08:06pm

Energy

West Africa Crude-BP heavy bidder again for Nigerian crude, tenders awarded

LONDON: BP bid for many cargoes of four Nigerian grades in the window on Thursday at the same level for a third consecut

Published 06 Sep, 2018 07:28pm

Energy

Russia's Gazprom signs agreement on gas and power station in Vietnam

MOSCOW: Russian gas giant Gazprom said on Thursday it has signed an agreement on the development of a gas field and powe

Published 06 Sep, 2018 07:09pm

Energy

Med Crude-Urals crude diffs little changed in quiet market

MOSCOW: Urals crude differentials in the Mediterranean and northwest Europe were little changed on Thursday in the abcen

Published 06 Sep, 2018 06:53pm

Energy

Oil drops below $78 as supply concern eases, demand worries mount

LONDON: Oil fell below $78 a barrel on Wednesday as a U.S. Gulf tropical storm weakened and moved away from oil-prod

Published 05 Sep, 2018 04:30pm

Energy

Oil drops towards $77 as US storm threat eases

LONDON: Oil fell towards $77 a barrel on Wednesday as a tropical storm hitting the U.S. Gulf coast weakened and move

Published 05 Sep, 2018 01:05pm

Energy

Med Crude-Urals crude diffs little changed in quiet trade

MOSCOW: Urals crude differentials in the Mediterranean and northwest Europe were stable on Tuesday in quiet trade, while

Published 04 Sep, 2018 07:34pm

Energy

West Africa Crude-Nigerian differentials rise after BP bids for swaps-linked grades

LONDON: Differentials for the major Nigerian crude grades edged up on Tuesday, approaching their highest in almost a mon

Published 04 Sep, 2018 07:01pm

Energy

Oil prices jump as Gulf of Mexico rigs evacuated

LONDON: Oil prices rose sharply on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation f

Published 04 Sep, 2018 01:13pm

Energy

LNG tanker Gaslog Salem due to arrive in the Netherlands Sept. 4

LONDON: Liquefied natural gas tanker Gaslog Salem is scheduled to arrive in the Netherlands on Sept. 4, the Rotterdam po

Published 03 Sep, 2018 09:49pm

Energy

Oil steady on high OPEC supply ahead of Iran sanctions

LONDON: Oil prices steadied on Monday, weighed down by rising supply from OPEC and the United States but supported b

Published 03 Sep, 2018 03:05pm

Energy

Oil prices higher as US sanctions limit Iran exports

LONDON: Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S.

Published 03 Sep, 2018 12:19pm

Energy

Russian oil output keeps steady in August near post-Soviet high

MOSCOW: Russian oil output stood at 11.21 million barrels per day (bpd) in August, virtually unchanged from July and

Published 02 Sep, 2018 02:15pm

Energy

Turkey hikes gas and power prices by as much as 14pc as lira crisis deepens

ANKARA: Turkey raised natural gas prices on Saturday by as much as 14 percent, two sources said, while the energy re

Published 01 Sep, 2018 12:36pm

Energy

Russia's Yamal LNG exports accelerate in time for winter, top Sakhalin

LONDON: Liquefied natural gas exports from Novatek's Yamal terminal in the Arctic have come on stream faster than expect

Published 31 Aug, 2018 08:16pm

Energy

OPEC August oil output hits 2018 high despite Iran losses

LONDON: OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports h

Published 31 Aug, 2018 07:52pm

Energy

Russia's Gazprom says takes pause on external debt market over legal risks

MOSCOW: Russia's Gazprom said on Friday it was taking a pause in using some of its debt tools but the gas giant said it

Published 31 Aug, 2018 07:24pm

Energy

Europe Distillates-Diesel cracks gain on refinery turnarounds

LONDON: Benchmark northwest European diesel refining margins ended the week higher as ongoing and upcoming refinery turn

Published 31 Aug, 2018 07:07pm

Energy

West Africa Crude-Nigerian crudes get snapped up in tenders; Angola slows

LONDON: Trade in Angolan cargoes slowed on Thursday, as unfavourable arbitrages discouraged buying from some of the larg

Published 30 Aug, 2018 08:46pm

Energy

Oil rises on Iran sanctions, lower US fuel inventories

LONDON: Oil prices rose on Thursday, extending gains on growing evidence of disruptions to crude supply from Iran an

Published 30 Aug, 2018 01:09pm

Energy

West Africa Crude-Demand flourishes for Nigerian Qua; IOC seeks October crude

LONDON: Nigerian diffs remained firm on Wednesday, thanks to demand for October-loading cargoes of Qua Iboe, while the i

Published 29 Aug, 2018 07:49pm

Energy

Oil higher on lower Iran exports, rising US supply

LONDON: Oil prices rose on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions deter

Published 29 Aug, 2018 01:54pm

Energy

Oil steady on lower Iran exports, rising US supply

LONDON: Oil prices steadied on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions de

Published 29 Aug, 2018 11:34am

Energy

European stock markets climb at open

LONDON: Europe's main stock markets rose at the start of trading on Wednesday, with London's benchmark FTSE 100 index cl

Published 29 Aug, 2018 09:45am

Energy

Europe Distillates-Diesel cracks edge gain on refinery outages

LONDON: Benchmark northwest European diesel refining margins firmed on Tuesday, supported by refinery outages. Indust

Published 28 Aug, 2018 08:36pm

Energy

Norway's Aker Solutions to step up expansion in offshore wind farms

STAVANGER: The chief executive of Norwegian oil services company Aker Solutions sees high growth potential from its Braz

Published 28 Aug, 2018 07:44pm

Energy

Med Crude-Urals rally resumes, CPC Blend diffs up

MOSCOW: Urals crude differentials in northwest Europe and the Mediterranean firmed again on Tuesday on sold demand, attr

Published 28 Aug, 2018 07:42pm

Energy

Oil touches seven-week highs after signs of tighter supply

LONDON: The oil price rose towards its highest since early July on Tuesday, thanks to evidence of still-modest incre

Published 28 Aug, 2018 01:54pm

Energy

Oil falls ahead of OPEC+ monitoring committee call

LONDON: Oil prices fell on Monday on concerns the U.S.-China trade dispute will erode global economic growth, and ah

Published 27 Aug, 2018 12:16pm

Energy

Oil steady as demand outlook counters boost from Iran sanctions

LONDON: Oil held steady on Tuesday, as the prospect of price support from U.S. sanctions on Iran was offset by conce

Published 21 Aug, 2018 12:45pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 17 Aug, 2018 01:54pm

Energy

Oil steadies but outlook for demand grows gloomy

LONDON: Oil rose as global markets steadied on Thursday, recovering some of the previous day's 2 percent slide, thou

Published 16 Aug, 2018 03:00pm

Energy

Shell global refining boss Ryerkerk to step down

LONDON: The head of Royal Dutch Shell's global refining operations Lori Ryerkerk will step down at the end of the month

Published 13 Aug, 2018 12:13pm

Energy

Oil steady as emerging market woes dim demand outlook

LONDON: Oil prices steadied on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand

Published 13 Aug, 2018 12:12pm

Energy

Oil dips as emerging market woes dim demand outlook

LONDON: Oil prices slipped on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand,

Published 13 Aug, 2018 12:10pm

Energy

Oil steadies as US sanctions on Iran kick in

LONDON: Oil rose on Thursday, recouping some of the previous day's steep price slide, after the first round of US sancti

Published 09 Aug, 2018 01:51pm

Energy

Oil falls as concern grows over Chinese refinery demand

LONDON: Oil prices fell on Wednesday, following Chinese import data that highlighted an ongoing slowdown in demand from

Published 08 Aug, 2018 02:07pm

Energy

Socar Trading names new head of crude trading while four traders leave

LONDON: The trading arm of Azerbaijan's oil firm Socar has appointed a new head of physical crude while four other trade

Published 08 Aug, 2018 12:31pm

Energy

Oil up as US sanctions on Iran expected to tighten supply

LONDON: Oil prices rose on Tuesday with revived US sanctions against major crude exporter Iran expected to tighten globa

Published 07 Aug, 2018 12:29pm

Energy

Russia's Rosneft more than triples Q2 net profit, shares hit record

MOSCOW: Russia's largest oil producer Rosneft said on Tuesday its second-quarter net profit more than tripled to 228 bil

Published 07 Aug, 2018 12:25pm

Energy

LNG tanker Seri Angkasa due to arrive at the Netherlands on August 21

OSLO: Liquefied natural gas tanker Seri Angkasa is due to arrive at the Netherlands on August 21, Reuters shipping data

Published 06 Aug, 2018 11:57am

Energy

Oil gains after monthly Saudi output shows surprise drop

LONDON: Oil rose on Monday after Saudi crude production registered an unexpected decline in July and US drilling appeare

Published 06 Aug, 2018 11:26am

Energy

Rosneft shares outperform on buyback plan, rouble weakens

MOSCOW: Shares in Russian oil giant Rosneft outperformed the broader market on Monday after the company's board approved

Published 06 Aug, 2018 11:13am

Energy

German insurer Munich Re to curb coal activities

FRANKFURT AM MAIN: German re-insurance giant Munich Re said Monday it would scale back investments in coal-related busin

Published 06 Aug, 2018 10:54am

Energy

Oil futures steady on market's long-term bearish focus

LONDON: Brent oil futures steadied under $74 a barrel on Friday as the market focused on bearish longer-term factors aft

Published 03 Aug, 2018 01:49pm

Energy

Croatia extends LNG terminal gas bidding deadline to Sept. 28

ZAGREB: A deadline for bids on output from a planned offshore liquefied natural gas (LNG) terminal to be built on Croati

Published 03 Aug, 2018 11:52am

Energy

Oil nears two-week lows after signs of supply pickup

LONDON: Oil prices fell for a third day on Thursday, nearing their lowest in two weeks following a surprise increase in

Published 02 Aug, 2018 02:00pm

Energy

Teekay speeds up ARC7 LNG tanker delivery on Yamal's request

LONDON: Teekay LNG Partners, part of the Teekay Corp group of companies, said on Thursday it had been asked to accelerat

Published 02 Aug, 2018 01:57pm

Energy

West African July crude exports to Asia rise by a quarter year-on-year

LONDON: West African exports of crude oil to Asia reached their highest level this year in July, thanks largely to more

Published 01 Aug, 2018 03:01pm

Energy

Oil falls below $73 on rising supply, trade worries

LONDON: Oil extended losses on Wednesday to fall below $72 a barrel, pressured by an industry report that US stockpiles

Published 01 Aug, 2018 02:23pm

Energy

Oil falls below $74 on US inventories, OPEC supply

LONDON: Oil slipped below $74 a barrel on Wednesday, pressured by an industry report that US stockpiles of crude rose un

Published 01 Aug, 2018 01:02pm

Energy

EU earmarks 278mn euros for four new LNG import terminals

LONDON: The European Commission has earmarked 278 million euros ($325 million) for four liquefied natural gas (LNG) impo

Published 31 Jul, 2018 04:09pm

Energy

LNG tanker Methane Princess to arrive in Belgium on Aug. 4

LONDON: Liquefied natural gas (LNG) tanker Methane Princess is due to arrive at Zeebrugge, Belgium, on August 4, data on

Published 31 Jul, 2018 11:17am

Energy

BP's oil trading business made small loss in second quarter

LONDON: BP's oil trading business made a small loss in the second quarter, Chief Financial Officer Brian Gilvary told Re

Published 31 Jul, 2018 10:58am

Energy

Oil prices edge higher but trade row caps gains

LONDON: Oil rose on Monday as investors remained cautious over the supply outlook, although the fallout from global trad

Published 30 Jul, 2018 10:18am

Energy

Brent steady, on course for weekly gain

LONDON: Oil prices steadied on Friday in quiet trading, though Brent futures were set for a weekly gain thanks to Sa

Published 27 Jul, 2018 10:18pm

Energy

Rosneft suing Exxon-led oil project over dispute between neighbours

MOSCOW: Russian oil major Rosneft's $1.4 billion lawsuit against the ExxonMobil-led Sakhalin-1 consortium relates to a r

Published 24 Jul, 2018 01:25pm

Energy

Oil steady as US-Iran row balances trade worries

LONDON: Oil prices steadied on Tuesday as tension between the United States and Iran highlighted risks to supply and tra

Published 24 Jul, 2018 12:12pm

Energy

Russia's Rosneft files $1.4bn suit against Sakhalin-1 participants

MOSCOW: Russia's largest oil company Rosneft filed an 89 billion rouble ($1.41 billion) lawsuit on Monday against partic

Published 23 Jul, 2018 12:10pm

Energy

Oil higher on Middle East, North Sea supply worries

LONDON: Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, whi

Published 23 Jul, 2018 12:08pm

Energy

Oil prices set for weekly drop as trade worries weigh

LONDON: Oil prices came under pressure on Friday from US-China trade tensions and were on course for a third straight we

Published 20 Jul, 2018 02:02pm

Energy

Oil prices fall on record US output, stock build

LONDON: Oil prices fell on Thursday after official data showed an unexpected rise in U.S. crude stockpiles, U.S. out

Published 19 Jul, 2018 11:50am

Energy

Oil prices fall on US stock rise, higher supply

LONDON: Oil benchmark Brent crude hit a three-month low on Wednesday after a rise in US crude inventories highlighte

Published 18 Jul, 2018 12:04pm

Energy

Brent crude oil hits 3-month low as output rises

LONDON: Global benchmark Brent crude oil hit a three-month low on Tuesday as worries over supply disruptions eased a

Published 17 Jul, 2018 12:14pm

Energy

Oil prices fall but market wary over supply outages

LONDON: Oil prices fell sharply on Monday as concerns about supply disruptions eased and Libyan ports reopened while

Published 16 Jul, 2018 05:21pm

Energy

Russia raises crude oil exports from Sakhalin-1 in Q3: sources

SINGAPORE: Russia plans to boost crude oil exports from the ExxonMobil-led Sakhalin-1 project to between 260,000 to

Published 16 Jul, 2018 01:59pm

Energy

Oil prices fall but supply tight with focus on outages

LONDON: Oil prices slipped on Monday as concerns about supply disruptions eased and Libyan ports reopened while trad

Published 16 Jul, 2018 12:24pm

Energy

West Africa Crude-FM lifted on Bonny Light, Sept. programmes awaited

LONDON: Spot trade was thin on Friday after a flurry of deals during the week as traders wait to see the size of the Sep

Published 13 Jul, 2018 09:36pm

Energy

Oil falls for second week as supply concerns ease

LONDON: Oil prices were set for a second straight week of decline on Friday after Libyan ports reopened and on the v

Published 13 Jul, 2018 02:11pm

Energy

World oil supply risks being 'stretched to limit': IEA

PARIS: Rising global oil supply, driven by crude giants Saudi Arabia and Russia, may come under pressure as key prod

Published 12 Jul, 2018 02:26pm

Energy

Oil rallies as IEA warns of output capacity limits

LONDON: Oil prices rallied on Thursday, recouping some ground after sharp losses the previous session when Libya sai

Published 12 Jul, 2018 12:40pm

Energy

West Africa Crude-IOC clears some cargoes

LONDON: An Indian tender helped mop up some west African crude on Wednesday, while some more Angolan traded on spot.

Published 11 Jul, 2018 07:48pm

Energy

Med Crude-Urals diffs drift sideways as Rosneft adds cargo to July loading plan

MOSCOW: Urals crude differentials in northwest Europe and the Mediterranean were stable again on Wednesday after Rosneft

Published 11 Jul, 2018 07:38pm

Energy

Oil falls after Libyan ports reopen, Trump tariff threat

LONDON: Global oil benchmark Brent fell more than $2 a barrel on Wednesday after US President Donald Trump threatene

Published 11 Jul, 2018 02:12pm

Energy

Brent oil falls more than $2 after Trump tariff threat, Libya ports reopen

LONDON: Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threate

Published 11 Jul, 2018 01:50pm

Energy

OPEC sees lower 2019 demand for its oil as rivals pump more

LONDON: OPEC on Wednesday forecast world demand for its crude will decline next year as growth in consumption slows

Published 11 Jul, 2018 12:40pm

Energy

Oil falls after Libya ports reopen, Trump tariff threat

LONDON: Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threate

Published 11 Jul, 2018 12:27pm

Energy

Oil prices climb on global demand, US sanctions on Iran

LONDON: Oil prices rose on Monday as increased global demand and US efforts to shut out Iranian output using sanctio

Published 09 Jul, 2018 01:10pm

Energy

Oil prices climb on global demand, US sanctions on Iran

LONDON: Oil prices rose on Monday as increased global demand and US efforts to shut out Iranian output using sanctio

Published 09 Jul, 2018 12:32pm

Energy

New spot supply, tender cancellation saps spot price

LONDON: Asian spot liquefied natural gas (LNG) prices declined for a third week on producers from Australia to Nigeria b

Published 06 Jul, 2018 10:30pm

Energy

Oil slips below $77, weighed down by Saudi output boost, trade tensions

LONDON: Oil slipped below $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions bet

Published 06 Jul, 2018 02:07pm

Energy

Brent crude firms on drop in US oil inventories, Iran threat

CALGARY/LONDON: Brent oil rose on Wednesday, driven higher by a threat from an Iranian commander and a drop in US crude

Published 04 Jul, 2018 05:55pm

Energy

Brent crude firm on drop in US oil inventories, Iran threat

LONDON: Brent oil rose on Wednesday, driven higher by a threat from an Iranian commander and a drop in U.S. crude in

Published 04 Jul, 2018 02:56pm

Energy

US crude hits $75 as oil supply risks mount

LONDON: US crude oil prices rose above $75 a barrel for the first time since 2014 on Tuesday after Iran appeared to

Published 03 Jul, 2018 04:21pm

Energy

Oil climbs on Libya force majeure, Canada outage

LONDON: Oil prices rose on Tuesday after Libya declared force majeure on some of its crude exports, while the loss o

Published 03 Jul, 2018 12:01pm

Energy

Russian oil output up by 100,000 bpd in June as production curbs eased

MOSCOW: Russian average monthly oil output exceeded 11 million barrels per day (bpd) in June for the first time sinc

Published 02 Jul, 2018 03:00pm

Energy

Oil falls as Saudi, Russian output rises

LONDON: Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in As

Published 02 Jul, 2018 01:58pm

Energy

US oil prices steady ahead of sanctions on Iran

LONDON: Oil prices steadied on Thursday, with U.S. crude near a 3-1/2-year high, but supply remained tight with inve

Published 28 Jun, 2018 01:50pm

Energy

Spain's Repsol invests $869 million in electricity

MADRID: Oil major Repsol said on Wednesday it had bought the electricity assets of fellow Spanish firm Viesgo for 750 mi

Published 27 Jun, 2018 10:04pm

Energy

Oil rises on supply losses, US push to isolate Iran

LONDON: Oil prices rose on Wednesday on supply disruption in Canada, falling U.S. crude stocks, uncertainty over Lib

Published 27 Jun, 2018 11:36am

Energy

Iran says OPEC agreement did not specify oil production increase

LONDON: Iran's oil minister said that OPEC's oil output agreement did not specify a production increase and that a f

Published 26 Jun, 2018 01:07pm

Energy

Oil steady as outages balance trade dispute, OPEC

LONDON: Oil prices steadied on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports,

Published 26 Jun, 2018 11:58am

Energy

Oil drops after OPEC output deal, but markets to stay tight

LONDON: Brent crude oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) in output

Published 25 Jun, 2018 04:52pm

Energy

Shelf Drilling falls in Oslo market debut, upbeat on rig rates

OSLO: A fall in equities and oil markets knocked shares in Shelf Drilling on their Oslo market debut on Monday, alth

Published 25 Jun, 2018 04:29pm

Energy

European stock markets slide at open

LONDON: Europe's main stock markets dropped 0.7 percent in opening deals on Monday, as investors worried over the fester

Published 25 Jun, 2018 09:53am

Energy

OPEC meets Russia, other allies to agree oil output boost

VIENNA: OPEC is meeting Russia and other oil-producing allies on Saturday to clinch a new deal raising output, a day

Published 23 Jun, 2018 02:38pm

Energy

LNG-Asian spot price sinks as ending outages boost supply

LONDON: Asian spot liquefied natural gas (LNG) prices sank this week, snapping a four-week rally as production outages i

Published 22 Jun, 2018 10:24pm

Energy

Oil prices rise as OPEC meets

LONDON: Oil prices rose more than 1 percent on Friday as OPEC tried to agree a deal to increase output to compensate

Published 22 Jun, 2018 01:25pm

Energy

OPEC reaches deal to raise oil output from July

VIENNA: OPEC agreed on Friday to raise oil production by around 1 million barrels per day from July for the group an

Published 22 Jun, 2018 12:44pm

Energy

OPEC rift deepens as Iran walks out of key meeting

VIENNA: Iran's oil minister walked out of a key meeting with OPEC peers on Thursday, as a rift deepened with regional ri

Published 21 Jun, 2018 08:12pm

Energy

Oil prices rise ahead of OPEC meeting

LONDON: Oil prices rose on Wednesday, supported by reports of a drop in U.S. commercial crude inventories and the lo

Published 20 Jun, 2018 04:02pm

Energy

Iran says will try to keep its share in OPEC production

LONDON: Iran will try to keep its share of OPEC production despite fresh US sanctions on its petroleum industry, Iranian

Published 19 Jun, 2018 03:38pm

Energy

Oil dented by US/China trade dispute; OPEC supply outlook

LONDON: Oil fell on Tuesday ahead of a possible increase in OPEC crude supply, and as an escalating trade dispute betwee

Published 19 Jun, 2018 02:41pm

Energy

West African June exports to Asia to rise as China takes in cargoes

LONDON: West African crude oil sailing to Asia will reach its highest level in five months this month, in spite of exten

Published 14 Jun, 2018 03:19pm

Energy

Oil steady as higher output balances demand

LONDON: Oil prices fell on Wednesday, hit by rising supplies in the United States and expectations that producer group O

Published 13 Jun, 2018 01:01pm

Energy

OPEC cautious on oil outlook despite end of global glut

LONDON: OPEC said the oil market outlook in the second half of 2018 is highly uncertain even though the producer group's

Published 12 Jun, 2018 04:02pm

Energy

Oil eases; OPEC cites uncertain market outlook for 2018

LONDON: Oil fell on Tuesday, reversing earlier gains, although volatility subsided to its lowest in three weeks, as inve

Published 12 Jun, 2018 03:54pm

Energy

Total says 3.5pc petrol stations dry to French farmers' blockade

PARIS: French oil and gas major Total said on Tuesday that 3.5 percent of its petrol stations in France were out of fuel

Published 12 Jun, 2018 03:37pm

Energy

Oil prices fall on rising US and Russian supplies

LONDON: Oil prices fell on Monday, pulled down by rising Russian production and the highest US drilling activity in more

Published 11 Jun, 2018 03:46pm

Energy

Saudi tells OPEC it pumped more oil in May, still below quota

LONDON: Top oil exporter Saudi Arabia has told OPEC that it raised oil output to a little more than 10 million barrels p

Published 11 Jun, 2018 03:27pm

Energy

C$ steadies as Ontario votes, BoC assesses financial stability

TORONTO: The Canadian dollar was little changed against its US counterpart on Thursday as voters in Ontario headed to th

Published 07 Jun, 2018 03:14pm

Energy

Oil gains as reality dawns over Venezuela's export crisis

LONDON: Oil rose by nearly $1 a barrel on Thursday, lifted by concern about a steep drop in exports from Venezuela, alth

Published 07 Jun, 2018 02:50pm

Energy

Oil steady on Venezuela exports, supply concerns

LONDON: Oil prices steadied on Wednesday after Venezuela raised the prospect of a halt to some crude exports, easing wor

Published 06 Jun, 2018 03:49pm

Energy

Rosneft's Sechin discusses joint projects with Chinese commerce minister

MOSCOW: Igor Sechin, the head of Russian largest oil producer Rosneft, has met the Chinese Minister of Commerce Zhong Sh

Published 06 Jun, 2018 03:43pm

Energy

Boosted by rising oil prices, Spain's Repsol hits accelerator

MADRID: Spain's Repsol plans to increase investment and production and lift its dividend by 2020 after years of cost cut

Published 06 Jun, 2018 03:27pm

Energy

Brent crude tilts lower as investors weigh supply rises

LONDON: Brent crude futures eased on Tuesday, giving up early gains, as investors weighed the chances that global supply

Published 05 Jun, 2018 12:35pm

Energy

Oil nears one-month low on report US asked OPEC to raise supply

LONDON: Brent crude futures hit their lowest in close to a month on Tuesday following a report that the US government ha

Published 05 Jun, 2018 12:05pm

Energy

Oil down as US supply grows, OPEC mulls higher output

LONDON: Oil prices fell on Monday as US production hit a record high and as OPEC members considered boosting supply.

Published 04 Jun, 2018 01:33pm

Energy

ESPO Blend crude oil loading plan from Kozmino port set at 2.6mn t in July

MOSCOW: ESPO Blend crude oil loading plan from Russia's Pacific port of Kozmino has been set at 2.6 million tonnes in Ju

Published 04 Jun, 2018 01:19pm

Energy

Oil down as US supply grows, OPEC considers higher output

LONDON: Oil prices fell on Monday as US production hit a record high and OPEC members considered boosting supply. Ben

Published 04 Jun, 2018 12:45pm

Energy

Russia's Gazprom Jan-May output up 9.5 percent y/y at 217.3 bcm

MOSCOW: Russian gas giant Gazprom said on Friday its gas output for the first five months of 2018 was up 9.5 percent yea

Published 01 Jun, 2018 04:40pm

Energy

Brent premium over WTI hits new three-year high

LONDON: The spread between Brent crude oil futures contracts and US WTI hit a fresh three-year high on Friday with the l

Published 01 Jun, 2018 04:10pm

Energy

Shell starts new Gulf of Mexico field one year ahead of plan

LONDON: Royal Dutch Shell on Thursday announced the start of production at the Kaikias field in the US Gulf of Mexico, a

Published 31 May, 2018 03:15pm

Energy

Golar LNG unwinds joint venture with Schlumberger

LONDON: Golar LNG said on Thursday it would wind down its joint venture with Schlumberger , called OneLNG, which had bee

Published 31 May, 2018 03:08pm

Energy

Brent rallies to trade at largest premium to US crude since 2015

LONDON: Brent crude prices reversed earlier losses to hit their biggest premium to US futures in over three years on Thu

Published 31 May, 2018 03:03pm

Energy

Enel knocks out Iberdrola in battle for Brazil's Eletropaulo

MILAN: Italian energy giant Enel beat its Spanish rival Iberdrola in the race to acquire Brazil's electricity company El

Published 31 May, 2018 01:03pm

Energy

Gazprom profits expand as European exports hit record

MOSCOW: Gazprom said Wednesday its net profit climbed 11.4 percent in the first quarter as export volumes to Europe surg

Published 30 May, 2018 01:18pm

Energy

Gazprom's Q1 net profit seen edging up 1.4pc y/y

MOSCOW: Russian gas giant Gazprom is expected to report a 1.4 percent increase in first-quarter net profit to 338.3 bill

Published 29 May, 2018 03:33pm

Energy

Brent crude pares losses, but spectre of output boost lingers

LONDON: Brent crude oil rose on Tuesday, paring losses triggered by expectations that Saudi Arabia and Russia could pump

Published 29 May, 2018 02:58pm

Energy

Oil hits multi-week lows on fears of growing supplies

LONDON: Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. p

Published 29 May, 2018 12:02am

Energy

Oil hits multi-week lows as OPEC and Russia look to raise output

LONDON: Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while US product

Published 28 May, 2018 03:55pm

Energy

Lukoil's net profit barrels higher

MOSCOW: Russia's largest private oil company Lukoil said Monday that its net profit rose by 75 percent in the first quar

Published 28 May, 2018 03:28pm

Energy

Britain's FTSE rebounds, Kingfisher jumps as Homebase changes hands

LONDON: Kingfisher led a rebound in UK shares on Friday amid relief on global markets about Pyongyang's measured respons

Published 25 May, 2018 12:38pm

Energy

Rosneft signs deals on energy supplies with Ghana, Mongolia

ST PETERSBURG: Russia's largest oil producer Rosneft said on Friday it had signed deals on energy supplies with Ghana an

Published 25 May, 2018 12:28pm

Energy

Oil prices slump as Saudi Arabia and Russia consider output boost

LONDON: Oil prices fell more than 2 percent towards $77 a barrel on Friday as Saudi Arabia and Russia said they were rea

Published 25 May, 2018 12:20pm

Energy

Russia's Gazprom Neft: output cuts should be eased this summer

ST PETERSBURG: Alexander Dyukov, the head of Russian oil major Gazprom Neft, said on Friday he supported the possible ea

Published 25 May, 2018 12:11pm

Energy

Eni working on bid for Terra Firma solar assets in Italy

ST PETERSBURG: Italian oil major Eni is working on a joint bid for Terra Firma's solar assets in Italy with Qatar Petrol

Published 25 May, 2018 11:58am

Energy

OPEC supply easing is more reset than U-turn

LONDON: OPEC is changing course. For the past year-and-a-half, the Organization of the Petroleum Exporting Countries and

Published 25 May, 2018 11:53am

Energy

LNG tanker Mesaimeer set to arrive at Belgium's Zeebrugge on June 10

OSLO: The liquefied natural gas (LNG) tanker Mesaimeer is due to arrive at Belgium's Zeebrugge port on June 10, the port

Published 24 May, 2018 01:19pm

Energy

Russia's Novak to meet Russian oil firms to discuss oil output deal

ST PETERSBURG: Russian Energy Minister Alexander Novak said on Thursday he planned to meet with Russian oil companies to

Published 24 May, 2018 11:43am

Energy

Gazprom says settlement 'most reasonable outcome' for gas market

MOSCOW: Russia's Gazprom said Thursday it was satisfied with the settlement reached with the EU over claims it abused it

Published 24 May, 2018 10:53am

Energy

West Africa Crude-Nigerian market struggles with unsold cargoes

LONDON: Nigerian grades continued to struggle on Tuesday, weighed down by a surplus of unsold June-loading cargoes as th

Published 22 May, 2018 03:50pm

Energy

Shell shareholders adopt CEO pay by 75pc majority

THE HAGUE: Royal Dutch Shell shareholders on Tuesday approved the 2017 management remuneration, including Chief Executiv

Published 22 May, 2018 01:36pm

Energy

Oil rises towards $80 as supply concerns mount

LONDON: Oil rose towards $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potent

Published 22 May, 2018 12:40pm

Energy

Brent tilts into the red, but US-China trade truce limits losses

LONDON: Brent crude oil declined on Monday, surrendering early gains, though the prospect of an easing in trade tens

Published 21 May, 2018 10:42pm

Energy

Shell says force majeure still in place on Nigerian Bonny crude

LONDON: Royal Dutch Shell said on Monday a declaration of force majeure remained in place on shipments of Nigerian Bonny

Published 21 May, 2018 02:59pm

Energy

Oil edges up as US says trade war with China is 'on hold'

LONDON: Oil held in positive territory on Monday, lifted by a rally across stocks and other commodities, after the Unite

Published 21 May, 2018 01:45pm

Energy

Oil hits $80 a barrel on concerns about Iran supply

LONDON: Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns Iranian exports could

Published 17 May, 2018 12:41pm

Energy

Oil hits $80, highest since Nov 2014, on Iran concerns

LONDON: Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports

Published 17 May, 2018 12:09pm

Energy

Gazprom sets 2017 dividend at 8.04 rbls per share

MOSCOW: The board of Russian gas producer Gazprom has agreed to management's proposal for a 2017 dividend of 8.04 rouble

Published 16 May, 2018 09:44am

Energy

Nigeria gives more oil purchase deals to local firms as vote looms

LONDON: State oil firm NNPC has awarded 50 companies with contracts to buy Nigerian crude and more than half of them are

Published 15 May, 2018 04:09pm

Energy

OPEC says global oil glut virtually eliminated

LONDON: A global oil glut has been virtually eliminated, according to OPEC figures, thanks in part to an OPEC-led supply

Published 14 May, 2018 11:06am

Energy

Total set to develop natural gas resources in Oman

PARIS: French energy group Total said on Sunday it had signed a memorandum of understanding with the government of Oman

Published 13 May, 2018 02:38pm

Energy

Exxon boosts Baton Rouge refinery crude unit production

HOUSTON: Exxon Mobil Corp was boosting production on the second-largest crude distillation unit (CDU) on Friday at its 5

Published 11 May, 2018 04:31pm

Energy

Benchmark API2 year-ahead coal futures hit high on Asia demand

LONDON: Benchmark European API2 next-year coal futures rose by 1.7 percent to $87.95 a tonne on Friday, their highest l

Published 11 May, 2018 02:58pm

Energy

Oil near multi-year highs as Iran sanctions tighten supply outlook

LONDON: Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new US sanctions on Iran tightened the ou

Published 11 May, 2018 02:05pm

Energy

OPEC in no hurry to decide if extra oil needed to offset Iran

LONDON/DUBAI: OPEC is in no hurry to decide whether to pump more oil to make up for an expected drop in exports from Ira

Published 10 May, 2018 12:40pm

Energy

Oil soars, dollar roars as Trump dumps Iran nuclear deal

LONDON: Crude oil prices jumped back to 3-1/2-year highs on Wednesday after President Donald Trump pulled the United Sta

Published 09 May, 2018 02:23pm

Energy

Oil hits 3-1/2-year high after US quits Iran deal

LONDON: Oil prices rose more than 3 percent on Wednesday, hitting 3-1/2-year highs, after US President Trump abandoned a

Published 09 May, 2018 01:24pm

Energy

Sonatrach to buy ExxonMobil's Augusta oil refinery in Sicily

LONDON: Algeria's state energy firm Sonatrach plans to buy ExxonMobil's 175,000 barrel-per-day Augusta refinery in Sicil

Published 09 May, 2018 01:14pm

Energy

Cyprus, Greece and Israel aim for gas pipeline deal this year

NICOSIA: Cyprus, Greece and Israel aim to sign an agreement this year to develop a gas pipeline in the Eastern Mediterra

Published 08 May, 2018 03:26pm

Energy

West African May oil exports to Asia rally, but demand worries persist

LONDON: West Africa's crude oil loadings for Asia are expected to bounce back in May from a five-month low, a Reuters su

Published 08 May, 2018 03:23pm

Energy

Oil slips ahead of Trump's decision on Iran

LONDON: Oil prices receded slightly Tuesday from their highest level since 2014 as investors held their breath for a dec

Published 08 May, 2018 02:20pm

Energy

Hedge funds hold fire as oil prices hit multi-year highs

LONDON: For all the bullish commentary around oil prices at the moment, hedge fund managers have made only minor changes

Published 08 May, 2018 01:47pm

Energy

Oil backs off 2014 highs ahead of Trump Iran decision

LONDON: Oil retreated from its highest level in 3-1/2 years on Tuesday ahead of an announcement by President Donald Trum

Published 08 May, 2018 01:36pm

Energy

Poland cuts dependence on Russian oil but at a cost

WARSAW: Poland's imports of Russian oil last year fell to their lowest level since 2005, a central bank report published

Published 08 May, 2018 01:09pm

Energy

Oil surges on Venezuela woes and Iran worries

LONDON: Oil prices rose to their highest levels since late-2014 on Monday, boosted by fresh troubles for Venezuelan oil

Published 07 May, 2018 02:43pm

Energy

London aluminium rises, on track for 4pc weekly jump

BEIJING: London base metal prices rose on Friday, led by aluminium, as they staged a technical recovery following steep

Published 04 May, 2018 02:55pm

Energy

Statoil eyes Britain's 2019 renewable subsidy auction for Dogger Bank

LONDON/OSLO: Statoil is working with its partner SSE to mature the Dogger Bank offshore wind project so it can take part

Published 04 May, 2018 01:34pm

Energy

Oil strong as US decision on Iran sanctions looms

LONDON: Oil prices strengthened on Friday but stayed below recent highs as global supplies remained tight and the market

Published 04 May, 2018 01:21pm

Energy

UK oil terminal closure delays Brent cargoes in May, June

LONDON: North Sea Brent crude cargoes for loading in May and June have been delayed due to the shutdown at the UK's Sull

Published 04 May, 2018 01:20pm

Energy

Oil slips as OPEC, Iran worries bump against US output

LONDON: Oil prices slid lower on Thursday as swelling U.S. crude inventories and record weekly U.S. production offse

Published 03 May, 2018 11:23pm

Energy

Russia's Gazprom says Jan-April gas exports up 6.3pc y/y

MOSCOW: Gazprom's exports to countries outside the Commonwealth of Independent States (CIS) in January-April were up 6.3

Published 03 May, 2018 03:04pm

Energy

Ukraine boosts injections of gas into storage

KIEV: Ukraine has sharply increased injections of natural gas into underground storage, data from gas transport monopoly

Published 03 May, 2018 03:00pm

Energy

Oil slips as OPEC, Iran worries bump against US output

LONDON: Oil prices slipped on Thursday as swelling US crude inventories and record weekly US production clashed with OPE

Published 03 May, 2018 02:21pm

Energy

Libya's NOC withholding Total's share of Waha crude as dispute drags on

LONDON: Libya's National Oil Corp (NOC) is withholding Total's share of crude from the Waha concession as a dispute drag

Published 03 May, 2018 01:25pm

Energy

Russian oil output unchanged in April, misses global deal target

MOSCOW: Russian oil output stood at 10.97 million barrels per day (bpd) in April, unchanged from an 11-month high in Mar

Published 02 May, 2018 02:59pm

Energy

Oil eases as Iran ramps up exports and US storage tanks fill up

LONDON: Brent crude futures eased on Wednesday, surrendering early gains after evidence of further increases in US shale

Published 02 May, 2018 01:26pm

Energy

Shanghai crude oil futures look successful, but issues lurk: Russell

LAUNCESTON: The new Shanghai crude oil futures have been trading for just over a month and have so far managed to build

Published 02 May, 2018 12:57pm

Energy

Iran's oil exports hits 2.6 million bpd in April

LONDON: Iran's oil exports hit 2.6 million barrels per day (bpd) in April, the Oil Ministry's news agency SHANA reported

Published 01 May, 2018 04:46pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks rise as crude price falls

LONDON: Gasoline refining margins in northwest Europe rose on Tuesday as crude prices fell. The US Environmental Prot

Published 01 May, 2018 04:42pm

Energy

North Sea Brent crude loadings set at 4 cargoes for June

LONDON: Loadings of North Sea Brent crude were set at four cargoes for June, a loading programme showed on Tuesday, or a

Published 01 May, 2018 12:30pm

Energy

Oil prices stumble, but Iran sanction fears limit losses

LONDON: Oil prices slid on Tuesday as the dollar remained near a four-month high, but worries that US President Donald T

Published 01 May, 2018 12:21pm

Energy

BP says still sees oil at $50-$60/bbl in 2018 as shale output surges

LONDON: BP expects benchmark oil prices to weaken in the second half of the year as US shale production surges by up to

Published 01 May, 2018 12:15pm

Energy

Hedge funds trim positions in crude but boost fuels: Kemp

LONDON: For all the bullish chatter, hedge fund managers have become cautious about increasing their exposure to crude o

Published 30 Apr, 2018 12:47pm

Energy

West Africa Crude-Muted trading amid tenders, good availability

LONDON: The market was quiet amid muted demand from Asian and European refineries for new cargoes at current prices.

Published 27 Apr, 2018 04:19pm

Energy

Russia's Gazprom says sees gas price in Europe at around $230 per 1,000 cm in 2018

MOSCOW: Russian gas giant Gazprom said on Friday that it sees its gas price for Europe at around $230 per 1,000 cubic me

Published 27 Apr, 2018 02:55pm

Energy

Oil prices inch down but supported by Iran concerns

LONDON: Oil prices edged lower on Friday as the dollar rose, but Brent was still headed for a third week of gains amid s

Published 27 Apr, 2018 12:17pm

Energy

OPEC, non-OPEC oil ministers to meet on June 23, a day after OPEC-only meeting

LONDON: Ministers from OPEC and non-OPEC oil-producing countries plan to meet in Vienna on June 23, one day after talks

Published 27 Apr, 2018 11:54am

Energy

Oil rises as concern heats up over Iran sanctions, Venezuelan output

LONDON: Oil rose on Thursday, supported by expectations of renewed US sanctions on Iran, declining output in Venezuela a

Published 26 Apr, 2018 03:03pm

Energy

BP picks Norwegian Lund as chairman

LONDON: British energy giant BP on Thursday announced the appointment of industry veteran Helge Lund as its new chairman

Published 26 Apr, 2018 02:11pm

Energy

Pemex CEO says must move towards IPO, but not currently planned

LONDON: The chief executive of Mexico's national oil company Pemex said on Wednesday it must move towards a stock exchan

Published 25 Apr, 2018 02:30pm

Energy

Total interested in exploring Saudi petrol station market with Aramco

PARIS/RIYADH: French oil and gas major Total said on Wednesday it was interested in Saudi Arabia's petrol station market

Published 25 Apr, 2018 02:29pm

Energy

Russia's Gazprom may place next eurobond issue in sterling

MOSCOW: Russia's Gazprom may place its next eurobond issue in sterling, Interfax news agency reported Wednesday citing a

Published 25 Apr, 2018 02:06pm

Energy

Statoil has best quarter in years but lags expectations

OSLO: Statoil reported its highest quarterly profit in more than three years on Wednesday but its domestic unit and refi

Published 25 Apr, 2018 01:28pm

Energy

Oil heads up to $74 a barrel, but US bonds, crude supply cast a pall

LONDON: Oil edged higher on Wednesday, nearing three-year highs reached the previous day, as rising US fuel inventories

Published 25 Apr, 2018 11:59am

Energy

Oil tops $75, highest since 2014 OPEC meeting that led to pump war

LONDON: Oil rose above $75 a barrel on Tuesday to its highest since November 2014 before paring some gains, supported by

Published 24 Apr, 2018 01:49pm

Energy

Britain set to receive second Trinidad LNG cargo this month-data

LONDON: Britain's Isle of Grain liquefied natural gas (LNG) terminal is set to receive the British Merchant tanker on Ap

Published 24 Apr, 2018 01:20pm

Energy

Oil dips as rising US yields steer bulls

LONDON: Oil prices were little changed at around $74 a barrel on Monday on rising US borrowing costs and the prospect of

Published 23 Apr, 2018 01:23pm

Energy

Iran says no need to extend OPEC, non-OPEC pact if crude oil prices rise

ANKARA: Iran's oil minister said that if crude oil prices continued to rise there would be no need to extend a pact betw

Published 23 Apr, 2018 01:10pm

Energy

Hedge fund oil bulls on the rampage as bears vanish: Kemp

LONDON: Hedge fund managers have never seemed so convinced that oil prices are set to rise rather than fall in the near

Published 23 Apr, 2018 01:08pm

Energy

Oil falls after Trump criticises OPEC for artificially high prices

LONDON: Oil prices fell on Friday after US President Donald Trump criticised OPEC and said oil prices were artificially

Published 20 Apr, 2018 03:13pm

Energy

Kazakhstan to slash heavy oil exports as it goes upmarket

MOSCOW: Kazakhstan will sharply cut exports of heavy oil products, such as fuel oil and vacuum gasoil, as it focuses on

Published 20 Apr, 2018 03:11pm

Energy

Russia's Gazprom Neft recommends 2017 dividend of 15 rbls/share

MOSCOW: Russia's Gazprom Neft said on Friday its board had recommended a dividend of 15 roubles per share on 2017 result

Published 20 Apr, 2018 02:47pm

Energy

London aluminium regains momentum amid Rusal sanctions fallout

BEIJING: London aluminium prices ticked higher on Friday as a rally driven by fears of supply disruptions caused by US s

Published 20 Apr, 2018 01:23pm

Energy

European firms fight for LNG supplies, Norway's Yara says

OSLO: Europe's high natural gas prices are pushing energy-intensive industries across the continent to secure supplies o

Published 20 Apr, 2018 11:50am

Energy

Oil set for weekly gain on supply cuts, strong demand

LONDON: Oil prices were set for a second consecutive week of gains on Friday, buoyed by tightening supplies and continue

Published 20 Apr, 2018 11:41am

Energy

Oil price soars to highest level in years on Mideast tensions

LONDON: Oil surged Thursday close to 3.5-year peaks on simmering Mideast tensions and keen US demand, while London s

Published 19 Apr, 2018 08:43pm

Energy

Head of oil major Total expects good Q1 results due to high oil price

PARIS: French oil major Total expects to report good first quarter results next week, thanks to the impact of high oil p

Published 19 Apr, 2018 03:25pm

Energy

Oil climbs on Saudi price ambitions and US stocks draw

LONDON: Oil prices kept rising to their highest since late 2014 as US crude inventories declined, moving closer to five-

Published 19 Apr, 2018 02:19pm

Energy

Oil price soars to highest level in years on Mideast woes

LONDON: Oil surged Thursday close to 3.5-year peaks on simmering Mideast tensions and keen US demand, while London stoc

Published 19 Apr, 2018 12:32pm

Energy

Oil rallies beyond $72, up $1 as supply concerns build

LONDON: Oil prices extended gains on Wednesday, rising more than $1 on a reported decline in U.S. crude inventories

Published 18 Apr, 2018 11:01pm

Energy

Oil rises more than $1 as Saudi aims at $100 a barrel

LONDON: Oil extended gains on Wednesday, rising more than $1 on a reported decline in US crude inventories and after sou

Published 18 Apr, 2018 03:56pm

Energy

Oil gains after drop in US inventories adds to supply concerns

LONDON: Oil prices rose on Wednesday, lifted by a reported decline in US crude inventories and the risk of supply disrup

Published 18 Apr, 2018 10:28am

Energy

Oil bolstered as investors factor in supply risks

LONDON: Oil rose on Tuesday, boosted by investors' growing concern over the potential for disruptions to crude supply, e

Published 17 Apr, 2018 11:04am

Energy

Croatia to announce tender results for using planned LNG plant in late May

ZAGREB: Croatia will announce on May 28 the results of a tender to use capacity at a planned liquefied natural gas (LNG)

Published 16 Apr, 2018 12:32pm

Energy

Oil prices drop as fears wane about fallout from Syria strikes

LONDON: Oil eased on Monday after US drilling activity rose and fears waned about escalating tensions in the Middle East

Published 16 Apr, 2018 11:54am

Energy

Oil edges off highs, but geopolitical tensions loom

LONDON: Oil markets edged back from highs last reached in late 2014 as ample supplies weighed, but prices were underpinn

Published 12 Apr, 2018 03:59pm

Energy

Shell sees no risk of ‘stranded assets’ as reserves life shrinks

LONDON: Royal Dutch Shell said on Thursday it saw little risk of having "stranded assets" in its portfolio as the world

Published 12 Apr, 2018 03:57pm

Energy

OPEC sees oil markets tighten further even as US shale booms

LONDON/NEW DELHI: The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy de

Published 12 Apr, 2018 03:22pm

Energy

Oil hovers near highest since 2014 as OPEC sees tighter market

LONDON: Oil prices edged off highs last reached in late 2014 due to rising US stocks but remained well supported by moun

Published 12 Apr, 2018 02:30pm

Energy

BP unveils strategic alliance with Petrobras

LONDON: British energy major BP announced Thursday that it has agreed a "strategic" tie-up with Brazilian peer Petrobras

Published 12 Apr, 2018 12:51pm

Energy

Brent hits highest since 2014 after Trump missile warning

LONDON: Oil hit its highest in more than three years on Wednesday after U.S. President Donald Trump threatened to fi

Published 11 Apr, 2018 10:51pm

Energy

Oil hovers near 2014 peak as geopolitics vye with US supply

LONDON: Oil held near its highest in nearly three years on Wednesday, supported by political tension in the Middle East,

Published 11 Apr, 2018 01:07pm

Energy

Shipping fuel costs to spike 25pc in 2020 on sulphur cap

LONDON: Global shipping fuel costs are likely to rise by a quarter, or $24 billion, in 2020 when new rules limiting sulp

Published 11 Apr, 2018 12:56pm

Energy

Oil hits $70 as China offers soothing words on trade

LONDON: Oil hit $70 a barrel on Tuesday, in its biggest two-day rally in nearly a month, as investors grew more conf

Published 10 Apr, 2018 10:50pm

Energy

Oil firms may revive plans for Arctic Norway terminal -minister

OSLO: Oil firms operating two oilfields and several oil discoveries in the Barents Sea off Norway are looking at a possi

Published 10 Apr, 2018 02:31pm

Energy

Oil breaks above $70 a barrel as shadow of trade war recedes

LONDON: Oil broke above $70 a barrel on Tuesday, extending strong gains from the previous day, as investors g

Published 10 Apr, 2018 01:23pm

Energy

British Gas raising energy prices by 5.5 percent

LONDON: British Gas will raise the price of its most widely used standard tariff for customers getting electricity and g

Published 10 Apr, 2018 01:12pm

Energy

Oil rises but US-China trade tensions remain a concern

LONDON: Oil rose on Monday, recovering some of Friday's decline on the potential impact on global growth from a trade di

Published 09 Apr, 2018 03:15pm

Energy

Shell says Nigeria payments and oil theft climb in 2017

LONDON: Shell's payments to the Nigerian government grew to $4.32 billion in 2017, up nearly 19 percent from $3.64 billi

Published 09 Apr, 2018 03:09pm

Energy

Britain set to receive LNG from Trinidad

LONDON: Britain's Isle of Grain liquefied natural gas (LNG) terminal is set to receive the BW Boston tanker on April 9 f

Published 09 Apr, 2018 12:16pm

Energy

Oil edges up but US-China trade tensions curb gains

LONDON: Oil markets stabilised on Monday after having lost around 2 percent last Friday as concerns grew over the impact

Published 09 Apr, 2018 12:15pm

Energy

Oil inches down on Trump's latest China trade threats

LONDON: Oil prices fell on Friday after US President Donald Trump's threat of new tariffs on China reignited fears of a

Published 06 Apr, 2018 03:26pm

Energy

Russia's Rosneft interested in oil, gas in Iran's Zagros province

MOSCOW: Russia's largest oil producer Rosneft is interested in oil and gas projects in Iran's Zagros province, after sig

Published 06 Apr, 2018 02:54pm

Energy

Oil moves lower on Trump's latest China trade threats

LONDON: Oil prices fell on Friday after US President Donald Trump's threat of new tariffs on China reignited fears of a

Published 06 Apr, 2018 10:57am

Energy

West Africa Crude-Nigerian cargoes sail east, Angolan offers cut

LONDON: Nigerian crude oil offers for May loading were above the April level despite what traders described as limited d

Published 05 Apr, 2018 03:35pm

Energy

Statoil awards $1.5bn contracts to rig builders

OSLO: Norway's Statoil has awarded contracts worth 11.4 billion Norwegian crowns ($1.5 billion) to three companies for t

Published 05 Apr, 2018 01:08pm

Energy

Oil steady as easing US-China tension, US stockdraw support

LONDON: Oil prices steadied on Thursday as an easing of trade tensions between the United States and China and a surpris

Published 05 Apr, 2018 11:17am

Energy

OPEC March oil output sinks to 11-month low

LONDON: OPEC oil output fell in March to an 11-month low due to declining Angolan exports, Libyan outages and a further

Published 04 Apr, 2018 02:52pm

Energy

Oil hits two-week low after China hits US goods with tariffs

LONDON: Oil fell to its lowest in two weeks on Wednesday after China said it would impose tariffs on a number of US good

Published 04 Apr, 2018 12:33pm

Energy

Oil struggles to retain gains as trade war concerns build

LONDON: Oil prices edged up on Tuesday, after having posted their biggest one-day fall in almost a year the previous

Published 03 Apr, 2018 10:57pm

Energy

OPEC Q1 oil output hits lowest since start of deal

LONDON: OPEC's oil output in the first three months of 2018 has fallen by 425,000 barrels per day (bpd) from its 2017 av

Published 03 Apr, 2018 01:25pm

Energy

Statoil awards $1.5bn drilling contracts, favours Archer

OSLO: Statoil has awarded 12 billion Norwegian crowns ($1.53 billion) worth of new platform drilling contracts to Archer

Published 03 Apr, 2018 01:10pm

Energy

Oil recovers from steep drop, but trade and output concerns linger

LONDON: Oil rose on Tuesday, boosted by the prospect of a potential slowdown in US crude production growth, although hig

Published 03 Apr, 2018 11:52am

Energy

Oil falls to $69 as earlier rally fizzles

LONDON: Oil fell to around $69 a barrel on Monday, reversing an earlier rally, as a rise in Russian production and c

Published 02 Apr, 2018 10:51pm

Energy

Oil falls to $69 as earlier rally fizzles

LONDON: Oil fell to around $69 a barrel on Monday, reversing an earlier rally, as a rise in Russian production and conce

Published 02 Apr, 2018 03:38pm

Energy

Russian oil output hits 11-month high in March

MOSCOW: Russian oil output rose slightly in March to an 11-month high of 10.97 million barrels per day (bpd), above a qu

Published 02 Apr, 2018 11:17am

Energy

Oil creeps up towards $70 on lower US drilling, Iran sanctions concern

LONDON: Oil rose towards $70 a barrel on Monday, lifted by a drop in drilling activity in the United States and concerns

Published 02 Apr, 2018 11:06am

Energy

Russia's Gazprom sees dividends on 2017 profit at $3.3bn

MOSCOW: Russian gas company Gazprom expects to pay dividends on its 2017 profit totalling 190 billion roubles ($3.29 bil

Published 29 Mar, 2018 12:33pm

Energy

Oil stumbles as US supply growth offsets OPEC optimism

LONDON: Brent oil lingered below this week's highs on Thursday, as optimism over OPEC's commitment to controlling its ou

Published 29 Mar, 2018 12:26pm

Energy

Nigeria LNG tenders to sell two June-loading cargoes

LONDON/SINGAPORE: Nigeria LNG issues tender to sell two liquefied natural gas (LNG) cargoes loading in early and late Ju

Published 28 Mar, 2018 10:32am

Energy

Shell files criminal complaint against ex-employee over Nigeria oilfield sale

LONDON: Royal Dutch Shell has filed a criminal complaint with Dutch authorities against a former employee over the sale

Published 28 Mar, 2018 10:21am

Energy

Oil eases back from 2018 highs above $70 a barrel

LONDON: Oil fell on Wednesday as investors took profit on a rally the previous day to this year's highs after a report s

Published 28 Mar, 2018 10:04am

Energy

Oil briefly hits $71, with US supply, Middle East in focus

LONDON: Oil hit $71 a barrel before retreating on Tuesday, supported by concern about possible disruption to Middle

Published 27 Mar, 2018 10:43pm

Energy

Oil holds above $70 as geopolitics eclipses supply outlook

LONDON: Oil rose on Tuesday, holding above $70 a barrel for a third day, supported by concerns that tensions in the Midd

Published 27 Mar, 2018 12:23pm

Energy

Oil prices find support in trade talks and Mideast tensions

LONDON: Crude oil futures steadied on Monday, supported by a rebound in stock markets and escalating Saudi-Iran tensions

Published 26 Mar, 2018 12:37pm

Energy

Oil prices take flight with US hawk

LONDON: World oil prices surged Friday as the appointment of ultra-hawkish John Bolton as US national security advisor s

Published 23 Mar, 2018 04:40pm

Energy

Oil buoyed by Saudi talk of extending output cuts into 2019

LONDON: Oil prices rose on Friday after the Saudi energy minister said OPEC would need to keep coordinating supply cuts

Published 23 Mar, 2018 12:58pm

Energy

Rosneft projects could be postponed if oil output pact extended

MOSCOW: Large, new energy projects by Russia's Rosneft could be postponed if oil-producing countries decide to extend th

Published 22 Mar, 2018 12:40pm

Energy

Oil retreats after hitting six-week highs near $70 a barrel

LONDON: Oil prices surrendered early gains on Thursday as investors booked profits after this week's rally, but losses w

Updated 22 Mar, 2018 01:26pm

Energy

Gazprom says European customers took 61.9 bcm of gas from storage facilities

MOSCOW: Russia's Gazprom said on Wednesday that European customers have taken 61.9 billion cubic meters of natural gas f

Published 21 Mar, 2018 02:30pm

Energy

Shell bets on petrol stations as electric revolution looms

LONDON: Royal Dutch Shell is placing a big bet on petrol stations and convenience stores in China, India and Mexico as i

Published 21 Mar, 2018 02:19pm

Energy

Oil approaches six-week highs as concern grows over Middle East

LONDON: Oil neared its highest in six weeks on Wednesday after a surprise decline in US inventories and as concern persi

Published 21 Mar, 2018 02:14pm

Energy

LNG tanker Al Samriya to arrive at Britain on March 29

LONDON: The liquefied natural gas (LNG) tanker Al Samriya is due to arrive at Britain's Milford Haven port on March 29,

Published 21 Mar, 2018 10:50am

Energy

Rosneft, Eni make no commercial discovery at Black Sea well

MOSCOW: Russian state oil company Rosneft and Italy's Eni did not make a commercial hydrocarbon discovery in the Black S

Published 21 Mar, 2018 10:07am

Energy

Oil rises to March high on Middle East tensions, Venezuela concerns

LONDON: Oil rose on Tuesday to its highest level so far this month, as tension in the Middle East and the possibilit

Published 20 Mar, 2018 10:41pm

Energy

UK GAS-Prices mixed as cold snap expected to ease this week

LONDON: British wholesale gas prices were mixed on Monday morning, with within-day gas up on cold temperatures but day-a

Published 19 Mar, 2018 11:33am

Energy

Rosneft doubles Q4 profit helped by Sistema deal

MOSCOW: Rosneft doubled its fourth-quarter net income to 100 billion roubles ($1.74 billion) after it resolved a row wit

Published 19 Mar, 2018 11:30am

Energy

Poland's PGNiG to cooperate with Pakistani gas firm on upstream projects

WARSAW: Poland's leading gas company, PGNiG, has agreed with Pakistan's Mari Petroleum Company to cooperate on upstream

Published 19 Mar, 2018 11:13am

Energy

Eni raises dividend and production targets in new plan

LONDON/MILAN: Italian oil and gas group Eni raised its dividend on Friday and held out the promise of a share buyback as

Published 16 Mar, 2018 12:41pm

Energy

Argentina's Enarsa seeks 7 LNG cargoes via tender

LONDON: Argentina's state-run Enarsa has launched a tender seeking seven liquefied natural gas (LNG) cargoes largely for

Published 16 Mar, 2018 12:01pm

Energy

Oil inches up after earlier losses, buoyed by stocks rise

LONDON: Oil prices inched up on Thursday after earlier losses, supported by a pickup in equity markets, but limited by e

Published 15 Mar, 2018 01:21pm

Energy

Statoil to change name to Equinor to reflect broad energy push

OSLO: Norway's Statoil said on Thursday it would change its name to Equinor, saying this would reflect its commitment to

Published 15 Mar, 2018 12:55pm

Energy

Enel only open to M&A that fits with business model, sees none at present

MILAN: Europe's biggest power group Enel is only interested in acquisitions that would fit its business model as an inte

Published 15 Mar, 2018 12:37pm

Energy

First LNG cargo from new US plant does U-turn for Britain

LONDON: The first liquefied natural gas (LNG) cargo exported from a new plant in the United States at Cove Point will ar

Published 15 Mar, 2018 12:35pm

Energy

Oil steadies as equities gain, but concern builds over supply

LONDON: Oil prices were broadly steady on Thursday, supported by a pickup in equity markets, but held back by evidence t

Published 15 Mar, 2018 12:02pm

Energy

OPEC sees oil supply surge from rivals, countering its cuts

LONDON: OPEC on Wednesday raised its forecast for non-member oil supply this year to almost double the growth predicted

Published 14 Mar, 2018 02:48pm

Energy

Germany's 2017 oil output fell 6 percent, gas down 8 percent

FRANKFURT: Germany produced 2.2 million tonnes of oil in 2017, six percent less than in the previous year, while natural

Published 13 Mar, 2018 12:55pm

Energy

Oil, briefly up on lower rig counts, falls on US output outlook

LONDON: Oil prices fell on Monday on expectations that US output will rise this year, erasing earlier gains buoyed by lo

Published 12 Mar, 2018 02:22pm

Energy

World's second floating LNG project starts production in Cameroon

LONDON: Norwegian shipping firm Golar LNG on Monday said liquefied natural gas (LNG) production had started at its float

Published 12 Mar, 2018 12:35pm

Energy

Russia ramps up fuel exports in fight for European market

UST-LUGA/PRIMORSK: Russia plans to sharply increase fuel exports and carve out a larger share of the European market fol

Published 12 Mar, 2018 12:15pm

Energy

Spain's Petronor says restarting FCC Bilbao oil refinery

LONDON: Spain's Petronor said it was restarting a 46,000 bpd gasoline-making fluid catalytic cracking unit at its 220,00

Published 12 Mar, 2018 12:10pm

Energy

Europe's Feb oil inventories down 6.8 pct y/y -Euroilstock

LONDON: European stocks of crude oil and refined products at the end of February were down nearly 7 percent year on yea

Published 09 Mar, 2018 03:53pm

Energy

Slovenian Petrol to raise dividend by 14 pct

LJUBLJANA: Slovenia's largest fuel retailer Petrol proposed to raise its dividend to 16 euros ($19.68) per share from 14

Published 09 Mar, 2018 03:49pm

Energy

Oil up after sell-offs amid optimism about Trump meeting Kim

LONDON: Crude oil futures rose on Friday after two days of sell-offs amid optimism over a planned meeting between North

Published 09 Mar, 2018 03:20pm

Energy

Oil prices under pressure from rising US inventories, output

LONDON: Oil prices were broadly steady on Thursday but still set to slip over the week for the second time in a row agai

Published 08 Mar, 2018 01:37pm

Energy

Demand for oil and gas will continue despite decarbonisation

LONDON: Demand for oil and gas will continue over the long term despite a shift towards sources of decarbonised energy,

Published 08 Mar, 2018 12:20pm

Energy

North Sea daily crude output to fall 1.7pc in April

LONDON: North Sea oil output in April will fall by about 30,000 barrels per day (bpd) or 1.7 percent, according to Reute

Published 06 Mar, 2018 01:30pm

Energy

Oil rises after Korea talks feed risk appetite

LONDON: Oil rose on Tuesday, paring earlier losses after South Korea said it would hold a summit with North Korea for th

Published 06 Mar, 2018 01:29pm

Energy

Oil steady as rally fizzles, OPEC-led cuts lend support

LONDON: Oil was broadly unchanged on Tuesday, as a recovery from last week's lows fizzled out, although ongoing producti

Published 06 Mar, 2018 11:22am

Energy

Poland's 2017 coal output down at 65.5mn tonnes vs 70.4mn in 2016

KATOWICE: Poland's coal output fell to 65.5 million tonnes last year from 70.4 million tonnes a year earlier, a presenta

Published 05 Mar, 2018 01:18pm

Energy

Oil prices fall as US shale output growth gathers pace

LONDON: Oil prices edged lower towards $64 per barrel on Monday on predictions of a major spike in US oil output in the

Published 05 Mar, 2018 01:15pm

Energy

Oil sector needs 2020 investment vision to meet demand

PARIS: The oil industry needs to quickly step up investment to meet rising demand as the booming US shale sector will on

Published 05 Mar, 2018 12:55pm

Energy

Eni and Shell trial over Nigeria kickbacks postponed

MILAN: A trial for oil giants Eni and Shell over bribery and corruption allegations in the purchase of an offshore oilfi

Published 05 Mar, 2018 12:47pm

Energy

Ukraine switches power plants to fuel oil, closes schools to save gas

KIEV: Ukraine has switched power plants to fuel oil from gas in an effort to make up for an emergency shortage after Rus

Published 02 Mar, 2018 02:12pm

Energy

Russia's Transneft to complete stake purchase in NCSP in 1-1.5 months

MOSCOW: Russian oil pipeline monopoly Transneft may complete purchase of a stake in Novorossiysk Commercial Sea Port fro

Published 02 Mar, 2018 11:24am

Energy

Britain's National Grid withdraws gas supply warning

OSLO: National Grid on Friday withdrew a gas supply warning issued a day earlier saying that new supply was reaching the

Published 02 Mar, 2018 11:18am

Energy

Statoil to drill three exploration wells off Britain in 2018

OSLO: Norway's Statoil will drill three exploration wells on Britain's continental shelf (UKCS) this year, the company s

Published 02 Mar, 2018 11:10am

Energy

Oil major Total expands in Libya with Waha stake buy from Marathon

LONDON/TUNIS: French energy company Total said on Friday it had acquired a 16.33 percent stake in Libya's Waha concessio

Published 02 Mar, 2018 10:29am

Energy

Oil falls for third day as higher inventories, dollar weigh

LONDON: Oil prices fell for a third day on Thursday, dropping towards $64 a barrel as rising US inventories, record outp

Published 01 Mar, 2018 01:21pm

Energy

Brent oil eases on concerns over U.S. supply, Asian demand

LONDON: Brent oil eased on Wednesday, ahead of data that is expected to show a rise in U.S. crude output and after i

Published 28 Feb, 2018 10:30pm

Energy

Oil struggles to shake off concern over demand after China data

LONDON: Oil prices struggled to stay in positive territory on Wednesday after data showed industrial activity in some of

Published 28 Feb, 2018 12:18pm

Energy

Russia's Gazprom Neft to borrow around $2.5bn in 2018

MOSCOW: Russia's Gazprom Neft, the oil arm of Russian gas giant Gazprom, plans to raise around $2.5 billion in debt in 2

Published 28 Feb, 2018 11:50am

Energy

Oil eases as possible rise in US stocks outweighs faith in OPEC

LONDON: Oil edged lower on Tuesday ahead of weekly data that is forecast to show a rise in US crude inventories, althoug

Published 27 Feb, 2018 01:45pm

Energy

Oil steady after hitting 3-week top; Saudis to keep output below cap

LONDON: Oil steadied around its highest prices in three weeks on Monday, supported by comments from Saudi Arabia that it

Published 26 Feb, 2018 12:16pm

Energy

Oil slips to $66 a barrel as US output offsets OPEC curbs

LONDON: Oil slipped to $66 a barrel on Friday, under pressure from concerns that rising US oil output and exports will o

Published 23 Feb, 2018 11:25am

Energy

Oil falls as stronger dollar eclipses US inventory drop

LONDON: Oil prices fell on Thursday, dragged lower by a firmer dollar that offset support from a surprise decline in US

Published 22 Feb, 2018 11:24am

Energy

Norway's Jan oil output below forecast, gas production higher

OSLO: Norway's preliminary oil output rose in January, but was 1.4 percent below the Norwegian Petroleum Directorate's f

Published 21 Feb, 2018 01:03pm

Energy

Russian oil product exports from Black Sea port disrupted by conflict

LONDON/MOSCOW: Shipments of oil products from a Russian Black Sea outlet have been disrupted since early February due to

Published 21 Feb, 2018 12:23pm

Energy

Oil falls as dollar rises, US inventories expected to rise

LONDON: Oil prices fell on Wednesday, weighed down by a rebound in the US dollar from three-year lows hit last week and

Published 21 Feb, 2018 11:26am

Energy

OPEC, non-OPEC producers to study long-term cooperation in June: UAE

LONDON: OPEC and non-OPEC oil producers including Russia will discuss extending their cooperation for many more years wh

Published 20 Feb, 2018 12:58pm

Energy

Brent crude sags, while lower Canadian supply boosts US futures

LONDON: Brent crude oil prices fell on Tuesday, pulled down by a stronger dollar and a bout of profit-taking, while US f

Published 20 Feb, 2018 12:18pm

Energy

Oil rally set to lift Russia's Novatek Q4 core earnings to record high

MOSCOW: Russia's largest non-state gas producer Novatek is set to report record high core earnings for the fourth quarte

Published 20 Feb, 2018 12:17pm

Energy

Poland's PGNiG interested in gas supplies from Israel and Lebanon: CEO

WARSAW: Polish state-run gas company PGNiG is interested in future gas supplies from Israel and Lebanon, Chief Executive

Published 20 Feb, 2018 11:59am

Energy

Oil hits 2-week high on share market recovery, Mideast tensions

LONDON: Oil prices hit their highest level in nearly two weeks on Monday, lifted by a global equity market recovery

Published 19 Feb, 2018 09:47pm

Energy

Shell names Jacek Dziembaj head of oil products trading

LONDON: Royal Dutch Shell has appointed Jacek Dziembaj as head of oil products trading and supply, according to an inter

Published 19 Feb, 2018 01:26pm

Energy

Angolan oil exports to slip to 1.51mn bpd in April

LONDON: Angola's oil exports are set to fall slightly to 1.51 million barrels per day (bpd) in April, a provisional prog

Published 19 Feb, 2018 01:19pm

Energy

Oil hits 2-week high on share market recovery, Middle East tensions

LONDON: Oil prices hit their highest level in nearly two weeks on Monday, lifted by a global equity market recovery and

Published 19 Feb, 2018 01:15pm

Energy

Shell says small fire extinguished at Pernis oil refinery

LONDON: Shell said a "small fire" which occurred during maintenance on a furnace at its 404,000 barrels-per-day Pernis o

Published 16 Feb, 2018 04:50pm

Energy

Gazprom demands discounts from Russian pipemakers as investments peak

MOSCOW: Gas giant Gazprom is demanding big discounts from Russian pipeline suppliers for its major projects, industry so

Published 16 Feb, 2018 11:54am

Energy

Global oil cut deal may hit Russian economy in 2018

MOSCOW: A global deal on output cuts between OPEC and non-OPEC countries to shore up oil prices may hit Russia's economy

Published 16 Feb, 2018 11:36am

Energy

Gazprom plans yen-denominated bonds worth up to $1bn

MOSCOW: Russia's Gazprom plans to offer yen-denominated bonds worth up to $1 billion, the Japan Bank for International C

Published 15 Feb, 2018 02:14pm

Energy

Oil slips towards $64 as U.S. output, higher inventories weigh

LONDON: Oil slipped towards $64 barrel on Thursday as record US production and rising inventories outweighed a weak doll

Published 15 Feb, 2018 01:40pm

Energy

OPEC sees higher 2018 oil demand, but more rival supply

LONDON: OPEC said on Monday world oil demand would grow faster than expected in 2018 because of a healthy world economy,

Published 12 Feb, 2018 03:08pm

Energy

Oil gains 2pc as global markets stabilise, dollar dips

LONDON: Oil rose 2 percent on Monday, recovering some of last week's steep losses as global equities steadied after thei

Published 12 Feb, 2018 03:07pm

Energy

Venezuelan oil firm PDVSA bonds hit by EMTA market move

LONDON: Emerging markets trade group EMTA has recommended that bonds issued by Venezuela's state-owned oil firm PDVSA sh

Published 12 Feb, 2018 03:01pm

Energy

Oil majors strike it rich on rising crude prices

PARIS: The world's leading oil companies published a bumper crop in profits last year as rising crude prices helped turn

Published 11 Feb, 2018 05:03am

Energy

Oil slides towards weekly loss on excess supply worries

LONDON: Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly loss in 10 months, as reco

Published 09 Feb, 2018 03:31pm

Energy

OPEC-Russia oil output deal adjustment possible in Q2 2018

MOSCOW: Gazprom Neft Chief Executive Alexander Dyukov said on Friday that an adjustment of the global oil production cut

Published 09 Feb, 2018 02:06pm

Energy

Oil slides towards steep weekly loss as supply fears mount

LONDON: Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as re

Published 09 Feb, 2018 02:05pm

Energy

Gazprom warns Europe of gas shortage without increased Russian imports

LONDON: Europe will face a gas shortage and price spike as soon as the next decade if it doesn't decide quickly to boost

Published 09 Feb, 2018 01:54pm

Energy

Oil falls below $65 as US output soars, North Sea supply restarts

LONDON: Oil prices fell to their lowest in six weeks on Thursday after data showed US crude output had reached record hi

Published 08 Feb, 2018 01:59pm

Energy

North Sea Forties oil pipeline ramps up slowly after latest outage

LONDON: Oil and natural gas flows along Britain's biggest and most important oil pipeline, Forties, were ramping up slow

Published 08 Feb, 2018 01:43pm

Energy

OPEC-Russia oil output cut deal could last until H1 2019

LONDON: Russia's Gazprom Neft said on Thursday that cooperation with OPEC producers on curbing oil output could last unt

Published 08 Feb, 2018 01:36pm

Energy

Russia's Gazprom Neft plans significant rise in 2017 dividends

LONDON: Russia's Gazprom Neft plans to significantly increase dividend payouts for 2017, Chief Financial Officer Alexey

Published 08 Feb, 2018 01:30pm

Energy

Arrests in Italy over Eni energy bribery scandal

ROME: Fifteen people have been arrested in Italy on suspicion of having "adjusted" lawsuits in favour of Italian energy

Published 07 Feb, 2018 02:21pm

Energy

Oil steadies, as lower inventories offset by higher US output

LONDON: Oil held mostly steady on Wednesday, as the boost from a report showing a drop in US crude inventories last week

Published 07 Feb, 2018 12:35pm

Energy

Shell Russian exec says impact of Western sanctions was minimal

TORZHOK: International oil major Royal Dutch Shell's Russian business felt minimal impact from Western sanctions on Russ

Published 07 Feb, 2018 12:28pm

Energy

Statoil CEO sees 2018 oil price below $70 per barrel

LONDON: The price of crude oil will likely come under pressure later this year from rising output at US onshore developm

Published 07 Feb, 2018 11:33am

Energy

Oil eases, but wards off stocks-style turbulence

LONDON: Oil fell for a third day on Tuesday, as a rout in global equities triggered losses across bonds, cryptocurrencie

Published 06 Feb, 2018 01:47pm

Energy

BP profits surge as oil major leaves downturn behind

LONDON: BP's profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allow

Published 06 Feb, 2018 12:51pm

Energy

Oil nears one-month low, volatile equities keep investors jittery

LONDON: Oil prices neared their lowest in a month on Monday as rising US output and a weaker physical market added to th

Published 05 Feb, 2018 01:13pm

Energy

Brent oil supported near $70 a barrel on OPEC cuts, strong demand

LONDON: Brent oil prices held near $70 per barrel, supported by strong compliance with output cuts by OPEC and its ally

Published 02 Feb, 2018 02:29pm

Energy

US oil production nears 47-year record as shale booms: Kemp

LONDON: US crude oil production topped 10 million barrels per day (bpd) in November, according to monthly estimates publ

Published 01 Feb, 2018 02:12pm

Energy

Shell profit soars on oil price recovery

LONDON: Royal Dutch Shell said Thursday that a major recovery in oil prices enabled it to nearly triple profits in 2017.

Published 01 Feb, 2018 12:53pm

Energy

Oil set for strongest January since 2013; wary of data

LONDON: Oil prices fell for a third day on Wednesday ahead of the possible first rise in US inventories in 11 weeks, but

Published 31 Jan, 2018 03:52pm

Energy

BP discovers North Sea oil and gas

LONDON: British energy major BP on Wednesday announced oil and gas discoveries in the North Sea, in a boost for the comp

Published 31 Jan, 2018 03:27pm

Energy

Oil falls below $69 as stronger dollar dents risk assets

LONDON: Oil fell below $69 a barrel on Tuesday for the first time in six days, driven by rising US output and as a stren

Published 30 Jan, 2018 01:07pm

Energy

Statoil quits talks over a stake in Mozambique offshore block

OSLO: Statoil decided to quit negotiations over a 25.5 percent stake in Mozambique's offshore A5-A block after more than

Published 29 Jan, 2018 03:29pm

Energy

Eni sees East Med as key to diversifying Europe's gas imports

LONDON: Gas projects in east Mediterranean countries such as Egypt, Cyprus and Israel will be key to help Europe diversi

Published 29 Jan, 2018 01:25pm

Energy

Oil dips but still set for strongest January in five years

LONDON: Oil eased below $70 a barrel on Monday as rising US output undermined efforts led by OPEC and Russia to tighten

Published 29 Jan, 2018 01:14pm

Energy

Iraq says to comply with OPEC deal despite oil export capacity rise

LONDON: Iraq will comply with the OPEC output reduction deal even though it is working hard to increase its oil export c

Published 29 Jan, 2018 01:03pm

Energy

Russian oil output at 10.94mn bpd so far in Jan

MOSCOW: Russia produced 10.94 million barrels of oil per day (bpd) on average between Jan. 1 and Jan. 28, or 1.493 milli

Published 29 Jan, 2018 01:01pm

Energy

Shell buying spree cranks up race for clean energy

LONDON: Royal Dutch Shell has spent over $400 million on a range of acquisitions in recent weeks, from solar power to el

Published 26 Jan, 2018 03:42pm

Energy

Oil rally fades as headwinds loom, but weak dollar underpins

LONDON: Oil paused on Friday after hitting fresh three-year highs in the previous session, but weakness in the dollar co

Published 26 Jan, 2018 03:30pm

Energy

Oil hits $71 for first time since 2014 on tighter supply and weak dollar

LONDON: Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-bre

Published 25 Jan, 2018 04:35pm

Energy

OPEC, non-OPEC producers expect oil market balance in Q3 or Q4

MOSCOW: The OPEC and non-OPEC countries involved in a global deal to reduce oil output expect the market to return to ba

Published 24 Jan, 2018 05:18pm

Energy

Brent crude dips after surprise rise in US inventories

LONDON: Benchmark Brent crude oil prices eased on Wednesday, pressured by a rise in US crude and gasoline inventories, b

Published 24 Jan, 2018 04:55pm

Energy

Eni halts drilling in Rosneft-led offshore project over US sanctions

DAVOS: Italian oil and gas group Eni has suspended drilling in the Black Sea in a Rosneft-led offshore project because o

Published 24 Jan, 2018 03:55pm

Energy

Oil rises on IMF world growth outlook, OPEC-led supply curbs

LONDON: Oil prices rose on Tuesday, lifted by healthy world economic growth prospects and production curbs by OPEC, Russ

Published 23 Jan, 2018 03:41pm

Energy

Russia's Gazprom considers Eurobond in Swiss francs

MOSCOW: Russian gas giant Gazprom has been considering placing a Eurobond in Swiss francs, two financial market sources

Published 23 Jan, 2018 03:40pm

Energy

Oil rises as Saudi Arabia says producers will cooperate beyond 2018

LONDON: Crude futures edged higher on Monday, propped up by comments from Saudi Arabia that cooperation between oil prod

Published 22 Jan, 2018 03:43pm

Energy

Crumbling refinery profits threaten OPEC-led crude rally

LONDON: The recent OPEC-led rally in crude prices is hitting refinery profits hard, flashing warning signs over oil's bu

Published 22 Jan, 2018 02:41pm

Energy

Oil edges lower as Libyan output undermines 2018 rally

LONDON: Oil slipped on Monday under pressure from rising Libyan output and concerns that a rally that had sent prices to

Published 22 Jan, 2018 02:21pm

Energy

Copper edges higher on demand optimism, supply concerns

LONDON: Copper rose on Monday, leading broad-based gains across the base metals as optimism over the outlook for global

Published 22 Jan, 2018 02:01pm

Energy

Oil prices fall as US output rise outweighs crude stock falls

LONDON: Oil prices slid on Friday, putting them on course for the biggest weekly falls since October, as a bounce-back i

Published 19 Jan, 2018 02:23pm

Energy

Chevron to resume drilling in Iraqi Kurdistan

LONDON: Chevron will resume oil and gas drilling operations at the Sarta 3 block in Iraqi Kurdistan "in the near future"

Updated 16 Jan, 2018 02:28pm

Energy

Oil prices near 3-year highs, supported by healthy demand

LONDON: Brent crude oil dipped on Tuesday but remained near $70 a barrel, a level not seen since 2014's drama

Published 16 Jan, 2018 11:53am

Energy

Russia's Novak: we should continue with global oil output cut

MOSCOW: A global deal to cut oil output led by OPEC and Russia should continue, Russian Energy Minister Alexander Novak

Published 16 Jan, 2018 11:45am

Energy

Brent oil falls by $1 but demand underpins near $70/barrel

LONDON: Brent crude oil shed some of its recent gains by falling just over $1 a barrel on Tuesday but healthy demand und

Published 16 Jan, 2018 11:28am

Energy

North Sea Crude-Forties eases, Shell holding many cargoes

LONDON: North Sea Forties crude differentials eased on Monday as demand waned, with Shell not buying any more cargoes af

Published 15 Jan, 2018 05:00pm

Energy

Oil hovers below $70 highs, clouded by rise in US output

LONDON: Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia

Published 15 Jan, 2018 01:26pm

Energy

Nigeria's NNPC cancels gasoline tender after price spike

LONDON: Nigerian state oil company NNPC cancelled a tender it issued last week to buy up to 1.55 million tonnes of gasol

Published 15 Jan, 2018 12:42pm

Energy

Shell OKs first UK North Sea project in six years

LONDON: Royal Dutch Shell gave the green light on Monday for an expansion of the Penguins oil and gas field in the UK No

Published 15 Jan, 2018 12:24pm

Energy

Russia's seaborne Urals crude exports to Europe seen falling sharply

MOSCOW: Seaborne exports of Russia's flagship Urals crude will fall in 2018 to their lowest since the early 2000s as Mos

Published 12 Jan, 2018 01:19pm

Energy

Oil surges to highest since 2014 as global stocks tighten

LONDON: Oil prices surged to their highest since 2014 on Thursday on tightening global crude stocks and after OPEC membe

Published 11 Jan, 2018 08:21pm

Energy

Oil prices expected to trade around $60-$70 through 2020: Kemp

LONDON: Oil prices are expected to remain close to current levels, averaging around $60 to $70 per barrel through the en

Published 11 Jan, 2018 08:20pm

Energy

Norway forecast to match 2017 record pipeline exports this year

STRAVANGER: Norway's pipeline exports of natural gas to Europe in 2018 should match last year's record 117.4 billion sta

Published 11 Jan, 2018 08:19pm

Energy

West Africa Crude-IOC books at least 4mn barrels, spot trade limited

LONDON: India's IOC booked at least 4 million barrels of crude oil from West Africa, traders said, but other pending ten

Published 11 Jan, 2018 07:59pm

Energy

Med crude-Urals firmer in Baltic, weaker in Med as margins fall

MOSCOW: Urals differentials rose in north-west Europe on Thursday, supported by healthy demand from regional buyers, but

Published 11 Jan, 2018 07:36pm

Energy

ARA gasoil stocks jump 13pc

LONDON: Total oil product stocks in the Amsterdam-Rotterdam-Antwerp refining and storage hub rose by 13 percent in the w

Published 11 Jan, 2018 07:04pm

Energy

Oil prices hit fresh highs, but worries grow of overheated market

LONDON: Crude oil prices hit new multi-year highs on Wednesday as OPEC-led production cuts and healthy demand helped to

Published 10 Jan, 2018 07:30pm

Energy

Europe Gasoline/Naphtha-Cracks gain on Nigerian demand

LONDON: Gasoline refining margins in northwest Europe rose on Wednesday, supported by firming demand from Nigeria but a

Published 10 Jan, 2018 07:14pm

Energy

LNG tanker Christophe De Margerie to arrive in Britain on Jan. 16

LONDON: The Christophe de Margerie liquefied natural gas (LNG) tanker is due to arrive at Britain's Milford Haven termin

Published 09 Jan, 2018 08:26pm

Energy

Oil rises above $68 to highest since May 2015 on tighter market

LONDON: Oil rose further above $68 a barrel on Tuesday, touching its highest since May 2015, supported by OPEC-led produ

Published 09 Jan, 2018 08:22pm

Energy

Urals diffs rise in NWE, Med as Jan supply tighten

MOSCOW: Urals crude differentials to dated Brent in northwest Europe and the Mediterranean were seen stronger on Tuesday

Published 09 Jan, 2018 07:54pm

Energy

CPC consortium says exported 55.1mn T of oil in 2017

MOSCOW: Oil exports via the Caspian Pipeline Consortium hit a record high of 55.1 million tonnes in 2017, the group said

Published 09 Jan, 2018 07:29pm

Energy

West Africa Crude-Spot trading limited by slew of tenders

LONDON: Spot dealing was limited by pending tenders, though one European refinery purchased a cargo of Nigerian oil.

Published 09 Jan, 2018 07:09pm

Energy

Europe Gasoline/Naphtha-Cracks edge higher, exports support

LONDON: Gasoline refining margins in northwest Europe edged higher on Monday, supported by continued demand from the Mi

Published 08 Jan, 2018 08:46pm

Energy

Europe Distillates-Cracks slide as barge traffic interrupted

LONDON: Benchmark diesel refining margins in northwest Europe dropped on Monday as interruptions of barge traffic along

Published 08 Jan, 2018 08:46pm

Energy

LNG-Spot prices rise as cold weather strikes, India buys

LONDON: Asian spot LNG prices rose to highs not seen since November 2014 on strong demand as a cold snap stimulated cons

Published 05 Jan, 2018 07:27pm

Energy

Europe Gasoline/Naphtha-Cracks end week lower after stock builds

LONDON: Gasoline refining margins in northwest Europe ended the week 13 percent lower following large builds in US inven

Published 05 Jan, 2018 07:21pm

Energy

Crude-Urals falls in north amid Forties return

LONDON: Russian Urals crude differentials fell in the Baltic on Friday after a brief upswing, as the return of North Sea

Published 05 Jan, 2018 05:34pm

Energy

Kazakh CPC Blend crude loadings near record high in Jan

LONDON: January loadings of Kazakh CPC Blend crude oil have been revised slightly higher in the final programme seen by

Published 05 Jan, 2018 05:14pm

Energy

ARA gasoil stocks rise on lower inland demand

LONDON: Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) storage and refining hub rose

Published 04 Jan, 2018 08:59pm

Energy

North Sea crude output to hit near 3-1/2 year low in Feb

LONDON: North Sea oil output in February is expected to fall to its lowest level since September 2014 after the two-week

Published 04 Jan, 2018 07:22pm

Energy

Oil hits highest since 2015 as Iran unrest spooks market

LONDON: Oil rose above $68 a barrel to its highest since May 2015 on Thursday after unrest in Iran raised concerns about

Published 04 Jan, 2018 07:21pm

Energy

Oil hits highest since mid-2015, then dips on output restarts

LONDON: Oil prices eased on Tuesday after hitting mid-2015 highs in early trading, as major pipelines in Libya and the U

Published 03 Jan, 2018 03:37am

Energy

GLOBAL LNG-Spot prices steady above 3-year highs as cold spurs buying

LONDON: Asian spot LNG prices held above three-year highs on Tuesday as cold temperatures across Japan and continued str

Published 02 Jan, 2018 03:29pm

Energy

Oil trades above $65 on Libyan pipeline blast, Forties restart weighs

LONDON: Oil traded above $65 a barrel on Tuesday, within sight of its highest since mid-2015, supported by an explosion

Published 26 Dec, 2017 04:08pm

Energy

Oil slips towards $65 as Forties pipeline moves closer to restart

LONDON: Oil edged lower towards $65 a barrel on Tuesday, but remained within sight of its highest level since mid-20

Published 26 Dec, 2017 10:29am

Energy

Asian LNG spot prices jump on Chinese, Japanese demand

LONDON: Asian LNG spot prices jumped this week on strong demand from core importing countries including China and Japan.

Published 22 Dec, 2017 10:18pm

Energy

Oil inches higher ahead of Christmas holiday weekend

LONDON/NEW YORK: Oil prices rose in light volumes on Friday, steadying near their highest levels since 2015 on pledges f

Published 22 Dec, 2017 08:49pm

Energy

Shell to buy British retail energy supplier First Utility

LONDON: Royal Dutch Shell has agreed to buy British household energy and broadband provider First Utility, stepping up c

Published 21 Dec, 2017 10:16pm

Energy

Med Crude-Urals diffs up in Baltic as supplies seen tight in Jan

MOSCOW: Urals crude differentials in northwest Europe firmed on Thursday in Surgutneftegaz's tender for January cargoes

Published 21 Dec, 2017 09:24pm

Energy

Europe Gasoline/Naphtha-Gasoline, naphtha margins firm

LONDON: Gasoline and naphtha refining margins in northwest Europe rose on Thursday on the back of west African demand, m

Published 21 Dec, 2017 09:10pm

Energy

Oil falls as UK North Sea oil pipeline moves closer to restart

LONDON: Oil prices fell on Thursday after the operator of Britain's Forties pipeline in the North Sea said it was ex

Published 21 Dec, 2017 10:24am

Energy

Europe Gasoline/Naphtha-Margins flat as US stocks rise

LONDON: Gasoline refining margins in northwest Europe were flat on Wednesday, as US inventories rose, putting a further

Published 20 Dec, 2017 11:44pm

Energy

Med Crude-Urals diffs unchanged, Baltic supplies on Jan 1-15 to fall

MOSCOW: Urals crude differentials were stable on Wednesday ahead of Russia's Surgut tender to sell Baltic barrels, while

Published 20 Dec, 2017 09:39pm

Energy

West Africa Crude-Angolan February cargo offers steady

LONDON: Angolan crude was offered at steady levels on Wednesday while Nigerian crude was on sale at slightly lower than

Published 20 Dec, 2017 09:17pm

Energy

Oil rises on UK pipeline outage but US supply caps gains

LONDON: Oil edged up towards $64 a barrel on Tuesday, helped by a North Sea pipeline outage, OPEC-led supply cuts and ji

Published 19 Dec, 2017 10:31pm

Energy

Europe Gasoline/Naphtha-Margins edge higher on firm export demand

LONDON: Gasoline refining margins in northwest Europe firmed slightly on Tuesday, buoyed by strong Nigerian demand and a

Published 19 Dec, 2017 08:48pm

Energy

North Sea Crude-Brent Blend differential edges down

LONDON: The differential for Brent Blend edged lower on Tuesday despite the Forties pipeline outage while Gunvor returne

Published 19 Dec, 2017 08:32pm

Energy

Med Crude-Urals diffs down in NWE before holiday as trade shifts to Jan

MOSCOW: Urals crude differentials in northwest Europe slipped from multi-year highs on Tuesday as the trading cycle roll

Published 19 Dec, 2017 08:28pm

Energy

West Africa Crude-February allocations trickle out, spot trade slow

LONDON: Spot trade was limited on Tuesday with several tenders due to close and February allocations still coming out fo

Published 19 Dec, 2017 08:26pm

Energy

French to ban oil, gas production by 2040

PARIS: France's parliament on Tuesday passed into law a ban on producing oil and gas by 2040, a largely symbolic gesture

Published 19 Dec, 2017 08:06pm

Energy

North Sea Crude-Forties slips as traders offer late-Dec cargoes

LONDON: Traders in the North Sea physical market offered cargoes of Forties crude for loading in just under two weeks' t

Published 18 Dec, 2017 11:20pm

Energy

North Sea Crude-Forties offered for January, loading despite shutdown

LONDON: North Sea Forties crude was offered on Friday for early January loading in a sign that market participants belie

Published 15 Dec, 2017 10:17pm

Energy

Med Crude-Urals steady as traders digest loading plan, Russia's export schedule

MOSCOW: Urals crude differentials in northwest Europe and the Mediterranean were stable on Friday, as traders digested a

Published 15 Dec, 2017 10:16pm

Energy

Europe Gasoline/Naphtha-Cracks end week higher on refinery outages

LONDON: Gasoline refining margins in northwest Europe ended the week 1.5 percent higher, supported by refinery outages w

Published 15 Dec, 2017 10:14pm

Energy

Europe Distillates-Cracks edge up amid good demand, slipping stocks

LONDON: Diesel refining margins in northwest Europe edged higher, after two days of sharp losses, as decent winter heati

Published 15 Dec, 2017 10:14pm

Energy

Brent eases as traders become sanguine about pipeline outage

LONDON: Brent futures for delivery in the first months of next year have given up much of their premium since the announ

Published 14 Dec, 2017 09:35pm

Energy

North Sea Crude-No Forties traded amid shutdown, loading delays

LONDON: North Sea Ekofisk crude differentials eased on Thursday while there was no trading of Forties, production of whi

Published 14 Dec, 2017 09:08pm

Energy

Med Crude-Urals stays firm as loading plan for early Jan looms

MOSCOW: Urals crude differentials in northwest Europe and the Mediterranean kept stable on Thursday, as traders expect T

Published 14 Dec, 2017 09:07pm

Energy

Europe Gasoline/Naphtha-Cracks drop after large US stocks build

LONDON: Gasoline refining margins in northwest Europe fell further on Thursday on limited US demand, due to high stocks,

Published 14 Dec, 2017 09:06pm

Energy

West Africa Crude-Vitol wins IOC, other trading quiet

LONDON: Vitol has won a tender to supply India's IOC with crude oil, but other trading was limited on Thursday as differ

Published 14 Dec, 2017 08:57pm

Energy

North Sea pipeline operator may halt deliveries

LONDON: The operator of a North Sea pipeline said Thursday it might not be able to make deliveries as repairs to a crack

Published 14 Dec, 2017 07:31pm

Energy

IEA sees oil market balancing out later in 2018

PARIS: The International Energy Agency said Thursday that the global oil supply could grow faster than demand in the

Published 14 Dec, 2017 12:42pm

Energy

West Africa Crude-Diffs supported even as BPCL opts for non-WAF crude

LONDON: Angolan crude prices were well-supported by eastern demand on Wednesday, while some Nigerian grades were also tr

Published 13 Dec, 2017 11:27pm

Energy

Private oil companies to invest up to $4.9bn in Colombia in 2018

BOGOTA: Private oil companies in Colombia will invest between $4.5 billion and $4.9 billion next year, an increase over

Published 13 Dec, 2017 11:22pm

Energy

Oil down after Forties outage price surge

LONDON: Brent oil fell on Wednesday as investors continued to sell off their positions following the shutdown of the maj

Published 13 Dec, 2017 11:15pm

Energy

OPEC, allies look at plans for prolonged oil supply restraint

LONDON: OPEC and allied producers are looking at a "continuity strategy" for oil supply management, OPEC's secretary gen

Published 13 Dec, 2017 11:04pm

Energy

Forties crude for loading in early January changes hands

LONDON: A cargo of Forties crude oil due to load in early January changed hands in daily trading on the physical market,

Published 13 Dec, 2017 10:41pm

Energy

European shares slip; Italian stocks fall on political uncertainty

MILAN/LONDON: Political jitters hit Italian stocks on Wednesday and the broader European market slipped lower before a F

Published 13 Dec, 2017 10:38pm

Energy

Europe Distillates-Cracks slide as some refineries restart

LONDON: Diesel refining margins in northwest Europe fell sharply on Wednesday as refineries that were experiencing shutd

Published 13 Dec, 2017 10:34pm

Energy

Med crude-Urals diffs test new four-year highs in wake of Forties outage

MOSCOW: Urals differentials in northwest Europe hit fresh four-year highs on Wednesday due to the Forties pipeline outag

Published 13 Dec, 2017 10:22pm

Energy

Yamal's fourth LNG train needs 24-25bn rbls investment

MOSCOW: Russia's Novatek sees investments into the fourth liquefied natural gas (LNG) train at its Yamal LNG project at

Published 12 Dec, 2017 10:42pm

Energy

North Sea Crude-Brent diffs hit two-week highs, Forties supply dries up

LONDON: North Sea Brent crude differentials rose to their highest in two weeks on Tuesday, after the closure of the Fort

Published 12 Dec, 2017 10:33pm

Energy

Gasoline tankers face delays, diversions as Europe's exports slow

LONDON: Gasoline tankers are taking longer than usual to discharge in Amsterdam and at least one was diverted from the n

Published 12 Dec, 2017 10:30pm

Energy

IEA says monitoring Forties crude pipeline outage, sees no need to act yet

LONDON: The International Energy Agency said it is monitoring the closure of the Forties crude pipeline that has sent oi

Published 12 Dec, 2017 10:29pm

Energy

Europe Distillates-Cracks regain ground on refinery outages

LONDON: Diesel refining margins in northwest Europe clawed back the previous day's losses as several refinery outages un

Published 12 Dec, 2017 10:28pm

Energy

Oil tops $65, first time since 2015, on UK pipeline outage

LONDON: Oil rose above $65 a barrel for the first time since mid-2015 on Tuesday following a shutdown of the UK's bigges

Published 12 Dec, 2017 10:26pm

Energy

Sudan seeks up to $200mn prefinancing to fund oil development

LONDON: Sudan's oil ministry is trying to raise as much as $200 million in prefinancing, including from crude traders, t

Published 12 Dec, 2017 09:45pm

Energy

West Africa Crude-Differentials underpinned by Forties outage

LONDON: Differentials for West African grades were stable to firmer, traders said, after a North Sea Forties crude pipel

Published 12 Dec, 2017 09:36pm

Energy

Med Crude-Urals hit 4-year high in NWE on fears of limited January supplies

MOSCOW: Urals crude differentials in northwest Europe rose to the highest level since August 2013 in response to concern

Published 12 Dec, 2017 09:31pm

Energy

Oman LNG to close tender for Jan cargo sale on Monday

LONDON: Oman Liquefied Natural Gas (LNG) launched a tender on Sunday to sell a cargo loading in Jan. 13-14 which closed

Published 11 Dec, 2017 11:08pm

Energy

Oil gains as New York blast turns focus to political risk

LONDON: Oil prices edged higher on Monday, reversing earlier losses, after an explosion in New York refocused the market

Published 11 Dec, 2017 11:03pm

Energy

Forties crude oil pipeline in process of shutting down for repairs

LONDON: The pipeline that carries the largest North Sea crude oil grade is in the process of shutting down for repairs f

Published 11 Dec, 2017 10:59pm

Energy

Europe Gasoline/Naphtha-Cracks lower on slower exports

LONDON: Gasoline refining margins edged lower on Monday as overseas demand slowed. Overseas demand has significantly

Published 11 Dec, 2017 10:58pm

Energy

CPC Blend crude oil exports seen rising to 5.22mn T in January

MOSCOW: CPC Blend crude oil exports from the Black Sea terminal of Yuzhnaya Ozereyevka are seen rising to 5.22 million t

Published 11 Dec, 2017 10:56pm

Energy

North Sea Crude-Forties differentials hit four-month high after pipeline shut

LONDON: North Sea Forties crude oil was bid for on Monday at its highest level since September after the pipeline that c

Published 11 Dec, 2017 09:09pm

Energy

Russia's Yamal LNG to ship three cargoes by year-end

SABETTA: Russia's new Yamal LNG plant will ship three gas cargoes by the end of 2017 and start selling fuel under long-t

Published 09 Dec, 2017 12:20am

Energy

North Sea Crude-Forties edges higher, pipeline ramps up

LONDON: The differential for Forties edged higher on Friday amid light activity and following the minor reduction in flo

Published 08 Dec, 2017 11:17pm

Energy

Med crude-Urals diffs firm slightly in northwest Europe

MOSCOW: Urals differentials were up slightly in the Baltic on Friday as December-loading cargoes remained in demand due

Published 08 Dec, 2017 11:09pm

Energy

Europe Gasoline/Naphtha-Margins edge higher, high stocks weigh

LONDON: Northwest European gasoline refining edged higher on Friday, boosted by firmer US values, but high supplies on b

Published 08 Dec, 2017 10:45pm

Energy

Oil edges up on Chinese demand, but weekly losses loom

LONDON: Oil prices edged up on Friday, helped by rising Chinese crude demand and threats of a strike in Africa's largest

Published 08 Dec, 2017 10:19pm

Energy

Total says work on 200,000 bpd Nigerian oilfield will be complete in Q4 2018

LONDON: Oil major Total said it expects work on a major oilfield offshore Nigeria to conclude in the fourth quarter of n

Published 08 Dec, 2017 09:39pm

Energy

Italy's Eni targets plastics purchase in strategy shift

MILAN: Energy firm Eni aims to express an interest in bidding for an Italian bioplastics business in a move that underli

Published 08 Dec, 2017 09:36pm

Energy

West Africa Crude-Angolan offers steady, Nigerian strike threat eyed

LONDON: Offer levels for Angolan crude were steady on Friday and traders said Nigerian crude supply was ample, although

Published 08 Dec, 2017 09:16pm

Energy

West Africa Crude-Spot trade returns, Pertamina tender result awaited

LONDON: Some spot activity returned to the market on Thursday mopping up a few more January loading cargoes while India'

Published 07 Dec, 2017 10:18pm

Energy

Premium deals in China and Japan sends prices above $10

LONDON: Asian liquefied natural gas (LNG) spot prices rose above $10 per million British thermal units (mmBtu) on Thursd

Published 07 Dec, 2017 10:10pm

Energy

Oil slips towards $62 in post-OPEC profit taking, US stocks in view

LONDON: Oil slipped towards $62 a barrel on Tuesday as investors took profits in the wake of OPEC and other producers' p

Published 05 Dec, 2017 08:17pm

Energy

OPEC oil output falls in November to lowest since May

LONDON: OPEC oil output fell in November by 300,000 barrels per day (bpd) to its lowest since May, a Reuters survey foun

Published 04 Dec, 2017 09:02pm

Energy

West Africa Crude-Spot trade quiet, but demand firm for Angolan

LONDON: Spot trading was quiet, but Asian demand continued to clear Angolan loadings. Chevron sold its cargo of Agbam

Published 04 Dec, 2017 08:58pm

Energy

Med Crude-Urals diffs rise in NWE, stable in Med

MOSCOW: Urals crude differentials in northwest Europe rose on Monday on limited availability of the grade in December, w

Published 04 Dec, 2017 08:54pm

Energy

Oil falls after US drilling picks up

LONDON: Oil fell on Monday after US shale drillers last week added more rigs but prices still held close to their highes

Published 04 Dec, 2017 08:18pm

Energy

Total to supply LNG fuel for CMA CGM's future container ships

PARIS: Total will supply liquefied natural gas (LNG) to CMA CGM to fuel the container shipping group's future very large

Published 04 Dec, 2017 07:42pm

Energy

Oil producers to maintain squeeze despite Russia concerns

VIENNA: Oil producer nations looked set Thursday to keep a lid on output in an attempt to push crude prices higher,

Published 30 Nov, 2017 12:40pm

Energy

OPEC heading for oil cut extension with a caveat

VIENNA: OPEC and Russia are heading towards prolonging their oil supply cuts for the whole of 2018 but with an option to

Published 28 Nov, 2017 07:26pm

Energy

Europe Gasoline/Naphtha-Margins slip despite eastern export pull

LONDON: Northwest European gasoline refining margins slipped again on Tuesday despite good export demand to the Middle E

Published 28 Nov, 2017 06:39pm

Energy

Oil falls on US drilling but OPEC cuts support market

LONDON: Oil prices fell on Monday, with US crude easing from two-year highs on prospects of higher output, but losses we

Published 27 Nov, 2017 08:41pm

Energy

Exxon joins European oil firms in initiative to limit emissions

LONDON: Exxon Mobil joined European peers including Royal Dutch Shell and Total in a new initiative to find ways to redu

Published 24 Nov, 2017 01:17am

Energy

BW LPG sees better market sentiment for 2018 vs 2017

OSLO: Natural gas shipper BW LPG expects a better freight market in 2018 than in 2017 and will not make any new long ter

Published 24 Nov, 2017 12:42am

Energy

Enel to invest $700mn to build 4 wind farms in Mexico

MILAN: Italy's biggest utility Enel said on Thursday it would spend around $700 million euros to build four wind farms i

Published 24 Nov, 2017 12:06am

Energy

India's Bharat Petroleum launches two new LNG tenders for supply-trade sources

LONDON: India's Bharat Petroleum launched a tender seeking a spot liquefied natural gas (LNG) cargo for delivery in Janu

Published 23 Nov, 2017 10:28pm

Energy

Oil prices ease on rising output from US producers

LONDON: Oil slipped on Thursday on concerns that rising US output would hamper OPEC's attempts to tighten supplies, outw

Published 23 Nov, 2017 10:02pm

Energy

Traders mop up fuel cargoes before refinery repair crunch

LONDON: Traders are chasing gasoline and diesel cargoes and drawing volumes away from Europe to prepare for a particular

Published 23 Nov, 2017 08:49pm

Energy

North Sea Crude-Forties edge towards two-week highs

LONDON: Forties broke into positive territory for the first time in nearly two weeks on Thursday, supported by a widenin

Published 23 Nov, 2017 08:46pm

Energy

Indonesia's Bontang LNG export plant suffers output curbs

LONDON: Indonesia's giant Bontang liquefied natural gas (LNG) export facility is experiencing production problems that c

Published 23 Nov, 2017 08:29pm

Energy

US oil prices ease from two-year highs on oversupply worries

LONDON: US oil prices eased back from a two-year high on Thursday, as concerns about oversupply outweighed the impact of

Published 23 Nov, 2017 08:20pm

Energy

North Sea Crude-Brent Blend diff falls, Forties stable

LONDON: Forties was offered at a discount for prompt loading on Wednesday while cargoes further out were at or above ben

Published 23 Nov, 2017 12:00am

Energy

Oil jumps, US light crude at 2-1/2-year high on Canada pipeline woe

LONDON: Oil prices spiked on Wednesday with US light crude hitting highs not seen since July 2015 after faults on a majo

Published 22 Nov, 2017 09:46pm

Energy

Russia's Gazprom says resumes gas flows to Azerbaijan

MOSCOW: Russian gas giant Gazprom said on Wednesday it had resumed natural gas supplies to Azerbaijan. Supplies shoul

Published 22 Nov, 2017 09:00pm

Energy

US crude extends rally to $58, first time since 2015

LONDON: Oil extended gains on Wednesday, with US crude hitting $58 a barrel for the first time since July 2015 as a majo

Published 22 Nov, 2017 08:46pm

Energy

Oil rises, but capped as caution sets in ahead of OPEC meeting

LONDON: Oil rose on Tuesday, supported by expectations of an extension next week to OPEC output cuts, but prices remaine

Published 21 Nov, 2017 09:44pm

Energy

Oil rises ahead of OPEC meeting as further output cuts expected

LONDON: Oil prices rose on Tuesday as traders looked to a meeting next week at which major crude exporters are expec

Published 21 Nov, 2017 10:07am

Energy

Iraq's southern oil exports rise to near record in Nov

LONDON: Oil exports from southern Iraq have risen by 150,000 barrels per day (bpd) this month to close to a record high,

Published 21 Nov, 2017 01:32am

Energy

Oil prices stall as record bullish position makes funds wary

LONDON: Hedge funds increased their bullish position in petroleum futures and options to a new record last week, but the

Published 20 Nov, 2017 10:48pm

Energy

Oil eases as traders and investors grow edgy ahead of OPEC

LONDON: Oil eased on Monday, as traders were wary of betting too heavily on which way prices might move ahead of an OPEC

Published 20 Nov, 2017 10:47pm

Energy

Med Crude-Urals diffs ease in NWE ahead of Surgut tender

MOSCOW: Urals crude differentials in northwest Europe eased slightly on Monday ahead of Russia's Surgut sell tender.

Published 20 Nov, 2017 10:40pm

Energy

Europe Gasoline/Naphtha-Margins pick up after last week's losses

LONDON: Gasoline refining margins in northwest Europe regained some ground on Monday after dropping by more than 4 perce

Published 20 Nov, 2017 10:23pm

Energy

Shell's long-standing head of crude trading Muller quits

LONDON: Royal Dutch Shell's head of crude oil trading Mike Muller, has stepped down after 29 years with the company, an

Published 18 Nov, 2017 12:29am

Energy

Statoil to step up exploration off Norway's coast in 2018

OSLO: Norway's Statoil will ramp up its search for oil and gas deposits on the Norwegian continental shelf next year, th

Published 17 Nov, 2017 10:15pm

Energy

Oil climbs, but still set for first weekly fall in six

LONDON: Oil prices climbed on Friday but were still heading for their first week of losses in six, weighed down by Russi

Published 17 Nov, 2017 03:36pm

Energy

Europe Gasoline/Naphtha-Margins slide, stocks edge higher

LONDON: Gasoline refining margins in northwest Europe slipped again on Thursday as high stocks and low US demand offset

Published 16 Nov, 2017 07:59pm

Energy

North Sea Crude-Diffs ease, contango may lure barrels for storage

LONDON: North Sea crude oil differentials eased on Thursday, as a flurry of offers of December-loading Forties cargoes m

Published 16 Nov, 2017 07:47pm

Energy

West Africa Crude-Angolan programme awaited, Famfa Oil issues tender

LONDON: Several buy tenders helped mop up some December loading Nigerian crude on Wednesday, while there was still no si

Published 16 Nov, 2017 01:30am

Energy

Oil explorer Finder seeks $150mn for Australia drilling

LONDON: Australia-focused oil and gas explorer Finder Exploration is seeking to raise $150 million for the drilling of f

Published 16 Nov, 2017 12:35am

Energy

Europe Gasoline/Naphtha-Cracks tumble after rise in US stocks

LONDON: Gasoline refining margins in northwest Europe declined on Wednesday after a surprise rise in US inventories.

Published 15 Nov, 2017 09:39pm

Energy

North Sea Crude-Forties slides, first STS offers in two months emerge

LONDON: North Sea Forties crude differentials fell on Wednesday, as a shift in the forward market back into contango saw

Published 15 Nov, 2017 09:38pm

Energy

Oil prices slide after IEA casts doubt over demand outlook

LONDON: Oil prices fell for a fourth session on Wednesday, weighed down by worries that data would show US crude invento

Published 15 Nov, 2017 09:35pm

Energy

Russian oil export duty seen rising to $105/T in December

MOSCOW: Russia's oil export duty is expected to rise to $105 per tonne in December from $96.1 per tonne in November, dat

Published 15 Nov, 2017 09:25pm

Energy

Russia's Rosneft says to invest over $2bn in Egypt's Zohr in 2018-2021

MOSCOW: Russia's largest oil producer Rosneft will invest more than $2 billion in Egypt's Zohr gas field in the next fou

Published 15 Nov, 2017 04:20am

Energy

Some spot cargoes clear, Angolan programme awaited

LONDON: A few Nigerian and Angolan cargoes traded on Tuesday, traders said, but there is likely still to be a substantia

Published 14 Nov, 2017 09:10pm

Energy

Total chief says would have to review Iran gas deal if new sanctions arose

PARIS: French oil and gas major Total would have to review its Iran gas project if the United States decided to impose u

Published 14 Nov, 2017 09:09pm

Energy

Oil steady, tempered by caution over rising US output

LONDON: Oil prices held largely steady on Tuesday as the prospect of further rises in US output offset some of the optim

Published 14 Nov, 2017 08:53pm

Energy

North Sea Crude-Forties stays at discount, Asia demand doubts weigh

LONDON: North Sea Forties crude differentials stayed at a discount to benchmark dated Brent on Tuesday, pressured by exp

Published 14 Nov, 2017 08:52pm

Energy

Europe Gasoline/Naphtha-Cracks weaken, overseas demand supports

LONDON: Gasoline refining margins in northwest Europe declined sharply on Tuesday amid a selloff in oil futures, althoug

Published 14 Nov, 2017 08:28pm

Energy

Europe Distillates-Diesel margins slip on eastern imports

LONDON: Diesel refining margins in northwest Europe fell by nearly 3 percent on Tuesday as the market braced for imports

Published 14 Nov, 2017 07:15pm

Energy

Abu Dhabi's LNG facility offers December cargo-traders

LONDON: Abu Dhabi Gas Liquefaction Co (Adgas) is offering to sell a liquefied natural gas (LNG) cargo loading in late De

Published 14 Nov, 2017 07:02pm

Energy

IEA cuts oil demand forecast

PARIS: The International Energy Agency (IEA) cut its forecast for oil demand growth on Tuesday, saying recovering oil pr

Published 14 Nov, 2017 01:23pm

Energy

Norway's gas output to drop 7.2 mcm Nov 14, 6.0 mcm/day Nov 15-18

OSLO: Norway's natural gas output will decline by 7.2 million cubic meters (mcm) on Nov. 14 and by 6.0 mcm per day from

Published 09 Nov, 2017 07:34pm

Energy

Oil prices stabilise just below two-year highs

LONDON: Oil prices steadied just below two-year highs on Thursday, supported by supply cuts by OPEC and other major

Published 09 Nov, 2017 09:53am

Energy

Norway expects 5-10 new oil, gas field development plans in 2018

OSLO: Oil firms will probably file between five and ten applications to develop new oil and gas fields off Norway in 201

Published 08 Nov, 2017 10:15pm

Energy

Italy's OLT LNG terminal seeks December cargo-document

LONDON: Italy's OLT liquefied natural gas (LNG) import terminal moored off the Tuscan coast is seeking a cargo for deliv

Published 08 Nov, 2017 08:59pm

Energy

West Africa Crude-Angolan trades weaker, Nigerian steady

LONDON: A cargo of Angolan Olombendo crude traded on Wednesday after a lower offer, while other offers of Angolan crude

Published 08 Nov, 2017 06:55pm

Energy

Oil steadies as Middle East tensions offset concern over China demand

LONDON: Oil eased slightly on Wednesday as Chinese crude imports fell to a one-year low, but losses were partly offset b

Published 08 Nov, 2017 02:50pm

Energy

Europe Gasoline/Naphtha-Cracks jump on export demand

LONDON: Gasoline refining margins in northwest Europe rose sharply on Tuesday, boosted by firm export demand from the Mi

Published 07 Nov, 2017 10:00pm

Energy

North Sea Crude-Diffs edge higher amid bid flurry

LONDON: North Sea crude differentials edged higher on Tuesday as bidding for November-loading cargoes of Brent and Forti

Published 07 Nov, 2017 09:40pm

Energy

Cars to drive oil demand growth: OPEC

PARIS: The outlook looks bright for oil-producing nations and carmakers, OPEC said Tuesday, as the cartel expects a surg

Published 07 Nov, 2017 05:54pm

Energy

CMA CGM chooses LNG as fuel for big ship order

PARIS: Container shipping group CMA CGM said on Tuesday that it had decided to use liquified natural gas (LNG) to power

Published 07 Nov, 2017 03:23pm

Energy

BP joins Shell in helping Mexico execute oil hedge

LONDON: BP helped Mexico execute its 2018 oil hedge, the biggest in the industry, becoming the second major after Shell

Published 07 Nov, 2017 02:15pm

Energy

Oil eases but Saudi tensions keep 2-1/2 year highs in sight

LONDON: Oil eased on Tuesday, after having posted its largest gain in six weeks the previous day, while tension flared b

Published 07 Nov, 2017 01:48pm

Energy

UK GAS-Prices rise on higher demand

LONDON: British wholesale gas prices rose on Monday morning due to higher consumption. The within-day gas price rose by

Published 06 Nov, 2017 05:40pm

Energy

Poland's PGNiG Q3 net profit seen 25pc up y/y

WARSAW: Poland's gas company PGNiG is forecast to report a 25-percent growth in its third-quarter net profit on the back

Published 06 Nov, 2017 05:35pm

Energy

Oil options signal Brent bulls are not having it all their own way

LONDON: Brent crude options show the market still has to win over the die-hard sceptics, even as investors are betting m

Published 06 Nov, 2017 05:33pm

Energy

Oil rises to highest since mid-2015 on Saudi purge, tighter markets

LONDON: Oil prices hit their highest since July 2015 on Monday as Saudi Arabia's crown prince cemented his power over th

Published 06 Nov, 2017 02:03pm

Energy

France's Total opens Washington office as Iran risks loom

LONDON: Total has opened an office in Washington in a bid to strengthen relations with the US administration as the Fren

Published 03 Nov, 2017 03:54pm

Energy

Oil near two-year high as tightening market attracts buyers

AMSTERDAM: Oil prices rose on Friday, nearing their highest levels in more than two years, with buyers attracted by expe

Published 03 Nov, 2017 03:43pm

Energy

Shell may reconsider dual listing if Netherlands scraps dividend tax

AMSTERDAM: Royal Dutch Shell could reconsider its dual London-Amsterdam listing if the Dutch government goes ahead with

Published 02 Nov, 2017 05:55pm

Energy

West Africa Crude-Sonangol sells 2 cargoes, Nigerian steady to firmer

LONDON: Angolan state oil company Sonangol sold two December-loading Angolan cargoes on Thursday, traders said, while Ni

Published 02 Nov, 2017 05:24pm

Energy

Russian oil output edges up to 10.93mn bpd

MOSCOW: Russian oil production rose slightly in October, to 10.93 million barrels per day (bpd) from a year-high of 10.9

Published 01 Nov, 2017 01:32am

Energy

OPEC oil output falls in October led by drop in Iraqi exports

LONDON: OPEC oil output fell this month by 80,000 barrels per day (bpd), a Reuters survey found, as exports from norther

Published 31 Oct, 2017 11:26pm

Energy

Oil prices near two-year highs as supply cuts bite

LONDON: Oil prices eased on Tuesday after a week of gains as the prospect of increasing U.S. exports dampened bullis

Published 31 Oct, 2017 09:39am

Energy

Brent crude tries new trading range as funds stay bullish: Kemp

LONDON: Hedge funds have added to bullish positions in oil and most refined products even as prices hit their highest si

Published 30 Oct, 2017 07:33pm

Energy

Four charts to please OPEC as Brent crude breaks $60 a barrel

LONDON: Brent crude oil has surpassed the $60-a-barrel threshold for the first time since mid-2015, buoyed by the prospe

Published 30 Oct, 2017 07:25pm

Energy

Supply of North Sea Forties crude to ease in December

LONDON: Supply of Forties, the largest North Sea crude oil stream, will fall to 406,000 barrels per day (bpd) in Decembe

Published 30 Oct, 2017 07:09pm

Energy

LNG-Russian tender award stokes fresh Asian price rally

LONDON: Asian spot liquefied natural gas (LNG) prices rose this week after a tender award from a Russian export plant se

Published 27 Oct, 2017 06:09pm

Energy

Oil slips on higher US crude inventories, production

LONDON: Oil slipped on Thursday, pressured by an unexpected increase in US crude inventories, high US production and exp

Published 27 Oct, 2017 12:00am

Energy

Europe Gasoline/Naphtha-Cracks gain on big US stock draw

LONDON: Gasoline refining margins in northwest Europe rose sharply on Wednesday after a larger than expected draw in US

Published 25 Oct, 2017 07:14pm

Energy

Europe Distillates-Cracks slide to 2-month low on higher imports

LONDON: Diesel refining margins in northwest Europe fell on Tuesday to their lowest in two months on expectations of ris

Published 24 Oct, 2017 08:53pm

Energy

West Africa Crude-Spot trade muted amid tenders

LONDON: Spot trade was muted on Tuesday due to competition from alternative light sweet crude grades, including from the

Published 24 Oct, 2017 08:41pm

Energy

UK's South Hook LNG terminal not had outage on Monday-operator

LONDON: Britain's South Hook liquefied natural gas (LNG) terminal has not experienced an unplanned outage on Monday, its

Published 23 Oct, 2017 09:08pm

Energy

Oil holds gains, supported by Iraq disruptions and drop in US rigs

AMSTERDAM: Oil prices held on to last week's gains on Monday, supported by supply disruptions in Iraq and a drop in US d

Published 23 Oct, 2017 06:30pm

Energy

Europe Gasoline/Naphtha-Cracks jump on rising exports

LONDON: Gasoline refining margins in northwest Europe rose sharply on Monday as exports picked up, particularly to the M

Published 23 Oct, 2017 05:16pm

Energy

Europe Distillates-Cracks weaken as imports rise

LONDON: Diesel refining margins in northwest Europe weakened on Monday as supplies in the region were expected to rise i

Published 23 Oct, 2017 05:15pm

Energy

Iraq's Kurdistan oil exports still sharply reduced

LONDON: Oil exports from Iraq's Kurdistan via the Turkish Mediterranean port of Ceyhan were still flowing at sharply red

Published 22 Oct, 2017 07:04pm

Energy

Shell lifts force majeure on Nigerian Bonny Light crude exports

LONDON: Royal Dutch Shell's subsidiary in Nigeria, SPDC, lifted force majeure on Bonny Light crude oil exports at noon l

Published 20 Oct, 2017 12:10am

Energy

Oil slips but holds most recent gains on expected OPEC cuts

LONDON: Oil prices slipped on Thursday but held on to most recent gains, supported by OPEC-led supply cuts, tension in t

Published 19 Oct, 2017 10:55pm

Energy

OPEC seeking consensus on oil supply cut extension before meeting

LONDON: Oil producers are working to build consensus on extending their deal to reduce supplies, OPEC's secretary genera

Published 19 Oct, 2017 08:55pm

Energy

ARA fuel oil stocks down on exports to Singapore

LONDON: Fuel oil stocks held in independent storage tanks at the Amsterdam-Rotterdam-Antwerp storage and refining hub fe

Published 19 Oct, 2017 04:02pm

Energy

West Africa Crude-Nigerian slips, December programmes start to emerge

LONDON: Nigerian crude differentials looked to be weakening on Wednesday, pressured by ample competing supplies and the

Published 18 Oct, 2017 04:32pm

Energy

Europe Gasoline/Naphtha-Eastern demand pulls gasoline, naphtha cargoes

LONDON: Gasoline refining margins edged slightly higher in northwest Europe on Wednesday as demand in Asia and the Middl

Published 18 Oct, 2017 04:17pm

Energy

Oil rises on expected fall in US inventories, geopolitical tensions

AMSTERDAM: Brent oil prices rose to a three-week high on Wednesday as weekly US crude inventories are expected to have f

Published 18 Oct, 2017 03:32pm

Energy

Statoil launches world's 1st floating wind farm, aims to cut costs

OSLO/LONDON: Norway's Statoil expects floating wind power costs to fall to 40-60 euros per megawatt-hour (MWh) by 2030,

Published 18 Oct, 2017 03:15pm

Energy

Fuel security and power generation in the United States: Kemp

LONDON: "The resiliency of the nation's electric grid is threatened by the premature retirements of power plants that ca

Published 17 Oct, 2017 09:14pm

Energy

West Africa Crude-Repaired pipeline set to boost Nigerian exports

LONDON: Nigerian crude exports looked set for a boost on Tuesday after repairs to a key pipeline were completed, while t

Published 17 Oct, 2017 09:13pm

Energy

Med Crude-Urals weaker in Mediterranean, CPC Blend steady

LONDON: The differential for Russian Urals edged lower in the Mediterranean on Tuesday on the expectation of larger supp

Published 17 Oct, 2017 09:06pm

Energy

Oil holds gains as Iraq, US-Iran tension raises risks

LONDON: Oil prices crept higher on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces th

Published 17 Oct, 2017 10:15am

Energy

China crude oil storage splurge is OPEC's best friend: Russell

LAUNCESTON: China's crude oil imports surged to the second-highest on record in September, but this isn't a sign of supe

Published 16 Oct, 2017 08:15pm

Energy

Oil jumps as fighting in Iraq's oil-rich Kirkuk shuts output

LONDON: Oil markets jumped on Monday as Iraqi forces entered the oil city of Kirkuk, taking territory from Kurdish fight

Published 16 Oct, 2017 07:36pm

Energy

North Sea Crude-Diffs unchanged in limited trade

LONDON: North Sea crude differentials were unchanged on Friday after falling to levels not seen since late June, on weak

Published 13 Oct, 2017 05:40pm

Energy

Oil rallies on Chinese import boost and Mideast tensions

LONDON: Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Br

Published 13 Oct, 2017 02:04pm

Energy

OPEC again raises demand forecast for its oil, points to 2018 deficit

LONDON: OPEC forecast higher demand for its oil in 2018 on Wednesday and said its production-cutting deal with rival pro

Published 11 Oct, 2017 10:32pm

Energy

Oil rises on tighter market, but doubts swirl on sustainability

LONDON: Oil prices edged higher for a third day on Wednesday as OPEC said the market was gradually tightening after year

Published 11 Oct, 2017 10:30pm

Energy

Libya's 1.25 million bpd oil output goal by end-2017 ‘very difficult’

LONDON: Libya's goal of boosting oil production to 1.25 million barrels a day by year-end will be very difficult to achi

Published 11 Oct, 2017 09:03pm

Energy

Oil glut going but growth not over a barrel: OPEC

PARIS: The OPEC oil cartel said Wednesday it sees the glut in oil supplies that has hammered crude prices disappeari

Published 11 Oct, 2017 12:17pm

Energy

North Sea Crude-Forties, Ekofisk sag as US imports rise

LONDON: North Sea Forties differentials fell on Tuesday to their lowest since mid August, under pressure from a lull in

Published 11 Oct, 2017 01:37am

Energy

French lawmakers back oil, gas production ban by 2040

PARIS: France's lower house of parliament gave its overwhelming backing Tuesday to a ban on producing oil and gas on Fre

Published 10 Oct, 2017 06:32pm

Energy

Oil rises above $56 on Saudi export cut

LONDON: Oil rose to above $56 a barrel on Tuesday, supported by Saudi Arabian export cuts in November and comments from

Published 10 Oct, 2017 03:34pm

Energy

Shell seeks buyers for Oman field stake

LONDON: Royal Dutch Shell is seeking to sell its 17 percent stake in the Mukhaizna oil field in Oman, which could fetch

Published 10 Oct, 2017 02:57pm

Energy

OPEC sec gen sees clear signs of oil rebalancing, upbeat on demand

LONDON: The oil market is rebalancing fast and has almost entirely erased the glut of refined products as OPEC sticks to

Published 09 Oct, 2017 06:30pm

Energy

Oil prices stable after OPEC signals possible further action

AMSTERDAM: Oil prices stabilised on Monday after one of the most bearish weeks in months, propped up by OPEC comments si

Published 09 Oct, 2017 06:17pm

Energy

Europe Gasoline/Naphtha-Slower exports weigh on gasoline

LONDON: A slowdown in transatlantic gasoline exports from Europe were weighing on margins on Monday with refineries in t

Published 09 Oct, 2017 05:28pm

Energy

North Sea Crude-Forties holds at two-month lows, forward curve weakens

LONDON: North Sea Forties crude differentials held unchanged at two-month lows on Monday, after pockets of higher bids w

Published 09 Oct, 2017 05:21pm

Energy

Oil rises as talk of new OPEC deal trumps record US exports

LONDON: Oil prices rose on Thursday as signs Saudi Arabia and Russia would limit production through next year outweighed

Published 05 Oct, 2017 11:55pm

Energy

Total ready for price war as it enters French retail power market

PARIS: French oil major Total said it would undercut EDF and Engie in the French power retail sector with a 10 percent p

Published 05 Oct, 2017 11:29pm

Energy

Oil weak as OPEC aims to offset rising US output

LONDON: Oil prices fell on Wednesday, pulled down by caution that rising US crude output could scupper a rally that last

Published 04 Oct, 2017 10:55pm

Energy

'New era' in solar energy fuelling growth in renewables: IEA

PARIS: The renewable energy sector is growing faster than expected, driven largely by a "new era" in solar power and str

Published 04 Oct, 2017 10:03pm

Energy

OPEC looking at deepening, extending oil supply cut

MOSCOW: Oil producer group OPEC is looking at extending or deepening a supply-cutting deal with non-member countries, tw

Published 04 Oct, 2017 10:02pm

Energy

Iran says OPEC met oil output cut pledges by just over 100pc in September

MOSCOW: Iranian Oil Minister Bijan Zanganeh said on Wednesday that OPEC members had fulfilled their obligations under a

Published 04 Oct, 2017 09:49pm

Energy

Gas Natural picks Edison, 2i Rete Gas for Italy assets

MADRID/MILAN: Spain's Gas Natural has approved the sale of its Italian retail business to EDF unit Edison and its distri

Published 04 Oct, 2017 09:38pm

Energy

North Sea oil market waves red flag at Brent bulls

LONDON: A recovery in US crude exports and falling European refining margins have sent prices of North Sea barrels tumbl

Published 04 Oct, 2017 08:01pm

Energy

Oil prices dip on doubts that recent rally will last

LONDON: Oil prices fell on Wednesday, pulled down by caution that a rally that lasted for most of the third quarter

Published 04 Oct, 2017 09:43am

Energy

Oil steadies after steep losses; speculators grow impatient

LONDON: Oil steadied on Tuesday, as speculators took profits on some large positions that have built up in the last coup

Published 03 Oct, 2017 11:32pm

Energy

North Sea BFOE crude oil supply to fall in November

LONDON: Supply of the four North Sea crude oils that underpin the dated Brent benchmark will fall in November, according

Published 03 Oct, 2017 10:00pm

Energy

Oil prices ease as speculators grow impatient

LONDON: Oil edged lower on Tuesday, as speculators took profits on some large positions that have built up in the last c

Published 03 Oct, 2017 07:32pm

Energy

Europe Gasoline/Naphtha-Cracks weaken amid oil sell-off

LONDON: Gasoline refining margins in northwest Europe dropped to around $8 a barrel on Monday amid a broad sell off in o

Published 02 Oct, 2017 10:14pm

Energy

West Africa Crude-October cargoes linger, some Nov progs still awaited

LONDON: A handful of cargoes have traded in November so far though October cargoes of Angolan and Nigerian are still lin

Published 02 Oct, 2017 09:51pm

Energy

Shell nabs Sinochem crude trader for Singapore desk

LONDON/SINGAPORE: Royal Dutch Shell has hired a former manager in Sinochem's London office to help bolster its crude oil

Published 02 Oct, 2017 06:45pm

Energy

Russian diesel exports from Primorsk seen rising 11pc in Oct

MOSCOW: Exports of ultra-low-sulphur diesel from the Russian Baltic Sea port of Primorsk could rise by 11 percent to 880

Published 02 Oct, 2017 06:44pm

Energy

Oil falls below $56 on signs of higher output

LONDON: Oil fell more than $1 a barrel to below $56 on Monday as a rise in US drilling and higher OPEC output put the br

Published 02 Oct, 2017 06:41pm

Energy

North Sea Crude-Forties diffs fall to lowest since August

LONDON: North Sea Forties differentials fell to their lowest since mid August on Monday, retreating from last week's 201

Published 02 Oct, 2017 06:40pm

Energy

Europe Distillates-Cracks slip despite tight Atlantic basin stocks

LONDON: Benchmark European diesel refining margins weakened along with the rest of the oil complex on Monday, despite st

Published 02 Oct, 2017 05:09pm

Energy

Bullish oil streak propels Brent to strongest Q3 in 13 years

AMSTERDAM: Oil edged higher on Friday as tensions around Iraqi Kurdistan threatened the region's crude supplies, helping

Published 30 Sep, 2017 12:31am

Energy

US fuel exports recover after Harvey, offering buyers respite

LONDON/HOUSTON: Fuel exports from the US Gulf Coast are rising rapidly as refineries recover from weeks of disruptions d

Published 27 Sep, 2017 10:07pm

Energy

North Sea Crude-Forties trades at highest since early 2016

LONDON: North Sea Forties crude traded at the highest differential since early 2016 on Wednesday, supported by robust de

Published 27 Sep, 2017 09:00pm

Energy

West Africa Crude-Spot deals slow as Nov loadings compete with storage

LONDON: Spot trading was limited on Wednesday as fresh loadings competed with offers from storage and leftovers from the

Published 27 Sep, 2017 07:12pm

Energy

Oil slips back from 2015 peaks; focus on US inventories

LONDON: Brent crude prices dipped on Wednesday, edging lower for a second day, although an unforeseen drop in US oil inv

Published 27 Sep, 2017 06:47pm

Energy

IAEA chief calls for clarity on disputed section of Iran nuclear deal

VIENNA: The UN nuclear watchdog's chief urged major powers on Tuesday to clarify a part of their nuclear deal with Iran

Published 26 Sep, 2017 11:20pm

Energy

Russia's Russneft calls shareholders' meeting on board changes

MOSCOW: Russian oil company Russneft is to hold an extraordinary meeting of shareholders on Nov. 17 at which it will end

Published 26 Sep, 2017 08:59pm

Energy

West Africa Crude-Trade slow due to limited arbitrage opportunities

LONDON: Angola's state oil firm issued its final November loading programme on Tuesday though trade activity was thin ow

Published 26 Sep, 2017 07:15pm

Energy

Oil hits eight-month high as producers say market rebalancing

LONDON: Oil prices hit eight-month highs on Monday after major producers said the global market was on its way towards r

Published 25 Sep, 2017 08:52pm

Energy

Total extends 5pc annual oil output growth target

PARIS: French oil and gas company Total extended its 5 percent annual average oil production growth target until 2022 on

Published 25 Sep, 2017 08:19pm

Energy

Russia keen on more OPEC cooperation

VIENNA: Russia's energy minister said Friday that he was in favour of continuing cooperation with the OPEC oil cartel as

Published 22 Sep, 2017 05:34pm

Energy

Oil prices steady as OPEC ministers discuss supply cut pact

LONDON: Oil prices were steady on Friday, as investors waited to see whether major producers meeting in Vienna would bac

Published 22 Sep, 2017 05:20pm

Energy

GLOBAL LNG-Prices edge higher on November demand

LONDON/SINGAPORE: Asian spot LNG prices rose this week, buoyed by the outcome of a two-cargo sale tender from Russia's S

Published 22 Sep, 2017 04:30pm

Energy

Oil meeting at OPEC as strategy bears fruit

VIENNA: Oil-producing countries from inside and outside OPEC meet in Vienna on Friday as signs grow that their landm

Published 22 Sep, 2017 05:35am

Energy

Oil prices slip ahead of OPEC meeting

LONDON: Oil prices slipped on Thursday, giving up some recent gains before a meeting of oil producers that could extend

Published 21 Sep, 2017 10:34pm

Energy

Europe Gasoline/Naphtha-Cracks weaken to lowest since late July

LONDON: Benchmark gasoline refining margins in northwest Europe dropped to their lowest since late July as exports from

Published 20 Sep, 2017 10:44pm

Energy

Statoil gas output to be reduced by 6.5 mcm/day on Sept 24-25

OSLO: Statoil's gas output will be reduced by 6.5 million standard cubic metres per day from September 24 at 0600 CET (0

Published 20 Sep, 2017 10:10pm

Energy

Oil set for strongest Q3 since 2004, Iraq hints at OPEC extension

LONDON: Oil rose on Wednesday, set for its largest third-quarter gain in 13 years, after the Iraqi oil minister said

Published 20 Sep, 2017 10:03am

Energy

North Sea Crude-Forties diffs edge higher for second day

LONDON: North Sea Forties diffs rose for a second day on Tuesday, boosted by bids from refiner Petroineos. Petroineos

Published 19 Sep, 2017 08:28pm

Energy

Med crude-Urals at five-months lows in Baltic amid ample supplies

MOSCOW: Urals differentials in the Baltic fell on Friday to their lowest levels since mid-April due to ample supplies of

Published 15 Sep, 2017 07:17pm

Energy

West Africa Crude-Angolan trade slows, Nigerian diffs fall

LONDON: Activity was muted on Thursday with cargoes lingering after being on offer for some two weeks, with levels falli

Published 14 Sep, 2017 09:23pm

Energy

Oil market moving back into balance: IEA

PARIS: There are signs the global oil market is returning to balance and stocks of oil products in industrialised na

Published 13 Sep, 2017 12:35pm

Energy

OPEC sees oil rebalancing under way, further inventory declines

OXFORD: The OPEC-led supply cut deal is helping to rebalance the global oil market, OPEC Secretary-General Mohammad Bark

Published 11 Sep, 2017 09:07pm

Energy

North Sea Crude-Forties diff hits fresh 20-month high

LONDON: North Sea Forties crude differentials hit the highest level since early January 2016 on Monday on the back of st

Published 11 Sep, 2017 07:40pm

Energy

Oil weakens on fears Irma could dent US demand

LONDON: Oil prices edged lower on Monday on concerns that Hurricane Irma's pounding of heavily populated areas of Fl

Published 11 Sep, 2017 10:40am

Energy

Europe Gasoline/Naphtha-Cracks weaken as Hurricane Irma looms

LONDON: European gasoline refining margins dropped on Friday as new export cargo bookings slowed, with traders awaiting

Published 08 Sep, 2017 04:00pm

Energy

West Africa Crude-October clears, IOC takes 4mn barrels in Nov

LONDON: October cargoes were clearing steadily on Thursday with strong margins, especially for gasoline, buoying demand

Published 07 Sep, 2017 04:48pm

Energy

Angola LNG launches tender to sell two cargoes

LONDON: Angola's liquefied natural gas (LNG) export plant launched a tender to sell a cargo loading on Sept. 9-11 and an

Published 06 Sep, 2017 08:19pm

Energy

Africa Crude-Angolan offers steady, Nigerian in ample supply

LONDON: Angolan crude differentials were steady on Tuesday and Nigerian crude was heard to be in ample supply for Octobe

Published 05 Sep, 2017 08:26pm

Energy

Speculative buying lifts copper to three-year high

LONDON: Copper touched a three-year high on Tuesday but closed lower after weak US factory orders prompted a pullback ac

Published 05 Sep, 2017 07:54pm

Energy

Oil falls after Harvey floods US refineries

Copyright Reuters, 2017 LONDON: Oil prices fell on Friday in the wake of Hurricane Harvey, which has killed more tha

Published 01 Sep, 2017 09:55am

Energy

Statoil's Arctic exploration fails to find oil

OSLO: Norwegian oil group Statoil said Tuesday that exploratory drilling in the Korpfjell prospect area in the Arcti

Published 29 Aug, 2017 11:47am

Energy

Europe Gasoline/Naphtha-Margins spike on worries over Gulf Coast storm

LONDON: Gasoline refining margins in northwest Europe rose sharply on Friday as concerns about a hurricane heading towar

Published 25 Aug, 2017 06:17pm

Energy

GLOBAL LNG-Prices snap 6-week streak of gains as Japan bows out

LONDON/SINGAPORE: Asian spot LNG prices fell this week as buyers in Japan facing brimming stocks backed off from additio

Published 25 Aug, 2017 06:09pm

Energy

Med Crude-Urals down in NWE for 7th consecutive session as supplies set to rise in Sept

MOSCOW: Urals crude differentials to dated Brent in northwest Europe lost another 15 cents a barrel on Friday to hit the

Published 25 Aug, 2017 06:05pm

Energy

Oil up as US rigs and refineries brace for hurricane

LONDON: Oil prices rose on Friday as the US petroleum industry braced for Hurricane Harvey, which could become the bigge

Published 25 Aug, 2017 03:42pm

Energy

UK Forties oil output below plan, delaying some cargoes

LONDON: The North Sea Forties crude stream is pumping less oil than expected, leading to delays in the loading of some c

Published 25 Aug, 2017 03:22pm

Energy

Russia's Sakhalin II LNG export plant launchers 2-cargo tender

SINGAPORE/LONDON: Russia's Sakhalin II liquefied natural gas (LNG) export plant launched a tender to sell one cargo load

Published 25 Aug, 2017 03:16pm

Energy

Oil slips as focus shifts to Jackson Hole and Harvey

LONDON: Oil prices slipped on Thursday, giving up some recent gains as the dollar strengthened ahead of a meeting of cen

Published 24 Aug, 2017 07:25pm

Energy

ARA gasoil stocks drop more than 5pc in past week

LONDON: Gasoil stocks in independently held storage at the Amsterdam-Rotterdam-Antwerp refining and storage hub fell by

Published 24 Aug, 2017 05:28pm

Energy

Oil prices rise ahead of US stocks data

LONDON: Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United

Published 22 Aug, 2017 07:13pm

Energy

Total overtakes Shell in North Sea where appetite for assets remains high

LONDON: French oil major Total has overtaken rival Royal Dutch Shell to become the second-largest producer in the North

Published 22 Aug, 2017 07:06pm

Energy

OPEC oil supply set for sharp drop in August

LONDON: OPEC oil supply is set to fall by 419,000 barrels per day (bpd) this month, a company that tracks OPEC shipments

Published 21 Aug, 2017 08:01pm

Energy

Oil prices fall after rally prompts profit-taking

AMSTERDAM: Oil prices fell around 1 percent on Monday as a rally at the end of last week prompted investors to close pos

Published 21 Aug, 2017 08:00pm

Energy

North Sea Crude-Forties strengthens in flurry of activity

LONDON: The price of North Sea Forties crude strengthened for the first time above dated Brent in a week, in a flurry of

Published 21 Aug, 2017 08:00pm

Energy

Med Crude-Urals diffs in NWE hit 7-week lows as cargoes clear slowly

MOSCOW: Urals crude differentials to dated Brent in northwest Europe weakened again on Monday as cargoes for loading in

Published 21 Aug, 2017 07:58pm

Energy

Germany's Jan-June gas imports up 20.8pc, costs up 39.2pc

FRANKFURT: Germany imported 20.8 percent more natural gas in January through June versus a year earlier, while higher cr

Published 21 Aug, 2017 07:55pm

Energy

Europe Distillates-Diesel margins slip lower as imports loom

LONDON: Diesel margins slid lower on Monday, weighed down by the expectation of growing imports from the United States a

Published 21 Aug, 2017 07:51pm

Energy

West Africa Crude-Diffs underpinned by strong margins, weak freight

LONDON: Differentials for Angolan grades were supported by strong margins and weak freight rates while trade was limited

Published 21 Aug, 2017 07:38pm

Energy

Nigeria's oil exports to slip in October

LONDON: Nigeria's crude oil exports are expected to slip to 1.72 million barrels per day (bpd) in October, loading progr

Published 18 Aug, 2017 04:08pm

Energy

Oil steady as high US output balances crude stock draw

LONDON: Oil prices steadied on Thursday after US data showed a big fall in crude stockpiles but also an increase in prod

Published 17 Aug, 2017 07:40pm

Energy

Angolan crude oil exports at 13-month high in Oct

LONDON: Angola's crude oil exports in October are set to hit a 13-month high of 1.7 million barrels per day (bpd), a rev

Published 16 Aug, 2017 07:06pm

Energy

Oil falls on strong dollar, OPEC and China weigh

LONDON: Oil prices fell on Tuesday, extending a heavy sell-off after a surge in the dollar and weighed down by signs of

Published 15 Aug, 2017 07:51pm

Energy

Oil steady after dollar sell-off, OPEC and China weigh

LONDON: Oil prices steadied on Tuesday after a heavy sell-off following a surge in the dollar, and weighed down by s

Published 15 Aug, 2017 11:01am

Energy

OPEC pumps more oil in July despite cut pledge: IEA

PARIS: OPEC pumped more oil in July as global oil supplies rose for the third straight month, the IEA said Friday, g

Published 11 Aug, 2017 10:17am

Energy

Oil rises as inventory overhang erodes and Saudi cuts exports

LONDON: Oil prices rose on Thursday, lifted by a sustained decline in inventories and as Saudi Arabia prepared to cut cr

Published 10 Aug, 2017 08:58pm

Energy

OPEC sees higher 2018 oil demand, but raises output again

LONDON: OPEC forecast higher demand for its oil in 2018 due to rising global consumption and slower supply growth from r

Published 10 Aug, 2017 08:57pm

Energy

Oil gains as inventory overhang erodes and Saudi cuts exports

LONDON: Oil prices rose on Thursday, lifted by a sustained decline in inventories and as Saudi Arabia prepared to cut cr

Published 10 Aug, 2017 08:57pm

Energy

Oil bulls party like it's 2014 and $100 a barrel

LONDON: Brent crude futures finally bear the hallmarks of a market in which supply and demand are falling into balance,

Published 10 Aug, 2017 03:22pm

Energy

Oil rises towards $53 before US inventory report

LONDON: Oil rose towards $53 a barrel on Wednesday ahead of a US inventory report expected to show crude stocks dropped

Published 09 Aug, 2017 07:54pm

Energy

Europe Gasoline/Naphtha-Cracks firm on US, WAF export demand

LONDON: Gasoline refining margins in northwest Europe edged higher again on Tuesday, despite a planned restart on some u

Published 08 Aug, 2017 07:51pm

Energy

Oil prices slip despite news of lower Saudi supply

LONDON: Oil prices fell on Tuesday on increasing exports from key OPEC producers despite news of lower crude shipments f

Published 08 Aug, 2017 07:20pm

Energy

Shell begins restart of Europe's largest oil refinery

LONDON: Royal Dutch Shell said on Tuesday it was restarting a number of units at the 404,000 barrels per day Pernis oil

Published 08 Aug, 2017 07:17pm

Energy

Oil prices steady as Saudi cuts September supplies

LONDON: Oil prices steadied on Tuesday after news of lower crude supplies from Saudi Arabia offset higher production

Published 08 Aug, 2017 08:51am

Energy

Asia's bookings of West African crude rebound to six-month high

LONDON: Asia's loadings of West African oil are on track to rebound to a six-month high in August on a revival in China'

Published 07 Aug, 2017 08:12pm

Energy

Oil slides from 9-week highs as market looks to OPEC

LONDON: Oil prices edged down from nine-week highs on Monday, pressured by worries over high production from OPEC and th

Published 07 Aug, 2017 08:03pm

Energy

LNG tanker Umm Slal due to arrive at Britain's Milford Haven on Aug 19

LONDON: Liquefied natural gas tanker Umm Slal is due to arrive at Britain's Milford Haven port on August 19, Reuters shi

Published 07 Aug, 2017 07:47pm

Energy

Europe Gasoline/Naphtha-Cracks edge higher on refinery outage, WAF demand

LONDON: Gasoline refining margins in northwest Europe edged slightly higher on Monday, boosted by the unplanned shutdown

Published 07 Aug, 2017 07:37pm

Energy

Argentina launches tender seeking up to 32 LNG cargoes

LONDON: Argentina launched two liquefied natural gas (LNG) tenders seeking up to 32 shipments for delivery over the next

Published 07 Aug, 2017 05:35pm

Energy

Europe Distillates-Cracks gain on Pernis outage

LONDON: Europe's diesel refining ended the week slightly higher supported by an outage at Europe's largest oil refin

Published 04 Aug, 2017 05:05pm

Energy

Oil rises as tighter US market outweighs OPEC supply

LONDON/SINGAPORE: Oil prices rose on Thursday, lifted by signs of a tightening US market, although high crude supplies f

Published 03 Aug, 2017 06:32pm

Energy

Oil majors gushing in cash despite cheap crude

PARIS: The prospect of crude remaining near the current $50 level is no longer a doomsday scenario for the world's oil m

Published 03 Aug, 2017 06:06pm

Energy

Russia sticks to global oil deal, holds July output flat m/m

MOSCOW: Russia's oil output stood at 10.95 million barrels per day (bpd) in July, unchanged for a third month and in lin

Published 02 Aug, 2017 09:12pm

Energy

Oil dodges bears, climbs back towards $52 per barrel

LONDON: Oil shook off a raft of bearish headlines on Wednesday, as investors and traders took advantage of earlier losse

Published 02 Aug, 2017 07:31pm

Energy

Shell says restart of Europe's largest refinery is at least two weeks away

LONDON: Royal Dutch Shell said the earliest restart expected for Europe's largest oil refinery is the second half of Aug

Published 01 Aug, 2017 07:34pm

Energy

Europe's biggest oil refinery shut for two more weeks

THE HAGUE: Europe's biggest oil refinery will remain shut for another couple of weeks after a power station on the s

Published 01 Aug, 2017 07:34pm

Energy

Oil slips from two-month high as ample supply weighs

LONDON: Oil slipped from a two-month high near $53 a barrel on Tuesday as ample global supplies countered strong demand

Published 01 Aug, 2017 07:29pm

Energy

North Sea BFOE supplies to rise in Sept to 793,000 bpd

LONDON: Supply of the four crude oil grades that underpin the dated Brent benchmark price will rise in September after h

Published 01 Aug, 2017 07:29pm

Energy

Oil near two-month high as producers set to meet again

LONDON: Oil was flat near two-month highs on Monday, putting July on track to become the strongest month so far this yea

Published 31 Jul, 2017 09:49pm

Energy

Oil extends gains, on track for biggest weekly rise this year

LONDON: Oil prices edged higher on Friday, reaching new two-month highs and on track to post the strongest weekly percen

Published 28 Jul, 2017 09:10pm

Energy

Libya output helps lift Repsol's profits

MADRID: Spanish oil giant Repsol posted Thursday a jump in quarterly net profit, lifted by lower restructuring costs, re

Published 27 Jul, 2017 03:15pm

Energy

North Sea Crude-Diffs steady, market shows signs of tightening

LONDON: North Sea crude differentials hovered near one-month lows on Tuesday, with buyers slow to emerge despite signs t

Published 25 Jul, 2017 08:01pm

Energy

Europe Gasoline/Naphtha-Margins slip further on limited exports

LONDON: Gasoline refining margins in northwest Europe slipped further on Tuesday as export avenues dwindled and refineri

Published 25 Jul, 2017 07:52pm

Energy

Oil rallies 2 percent as Saudi promises to cut exports

LONDON: Oil rose by more than 2 percent on Tuesday after Saudi Arabia vowed to reduce exports from next month and OPEC c

Published 25 Jul, 2017 03:53pm

Energy

OPEC moves to cap Nigerian oil output, boost compliance

ST PETERSBURG: OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with pr

Published 24 Jul, 2017 04:44pm

Energy

Oil falls on report showing OPEC deal compliance falling in July

LONDON: Oil prices fell on Friday after a consultancy report forecast a rise in OPEC production for July despite the gro

Published 21 Jul, 2017 02:25pm

Energy

Brent oil climbs above $50 for first time since early June

LONDON: Brent crude oil rose above $50 per barrel for the first time since early June on Thursday, adding to gains made

Published 20 Jul, 2017 07:40pm

Energy

Europe Distillates-Cracks hit highest since Nov 2015 on tighter market

LONDON: Benchmark diesel refining margins in northwest Europe rose on Thursday to their highest since November 2015, boo

Published 20 Jul, 2017 07:24pm

Energy

Europe Gasoline/Naphtha-Cracks rise as US stock draws lift market

LONDON: Gasoline refining margins in northwest Europe rose on Thursday after a drop in US inventories sparked a wave of

Published 20 Jul, 2017 07:23pm

Energy

Strong gasoline demand lifts oil, but high OPEC supplies temper gains

LONDON: Oil rose on Wednesday, supported by strong demand for gasoline, but rising output from OPEC producers revived co

Published 19 Jul, 2017 02:47pm

Energy

Russia to work with OPEC on oil market rebalancing

LONDON: Russia is ready to continue working with OPEC to help rebalance oil markets, a Russian energy source said on Wed

Published 19 Jul, 2017 02:45pm

Energy

French court repeals law on regulated gas prices

PARIS: France's highest administrative court repealed on Wednesday a law on regulated gas prices, under which about half

Published 19 Jul, 2017 02:12pm

Energy

Oil climbs as firm demand absorbs ample supply

LONDON: Oil prices rose on Tuesday as demand soaked up some of the surplus supplies from OPEC and the United States, but

Published 18 Jul, 2017 08:31pm

Energy

Oil ‘stuck in range’ as ample supply meets firm demand

LONDON: Oil markets steadied on Tuesday, supported by firm demand but weighed down by high supplies from OPEC and pr

Published 18 Jul, 2017 10:47am

Energy

Total says crude exports from Congo Republic Djeno terminal unaffected

PARIS: French oil and gas company Total said on Monday that crude exports from its Djeno terminal in Congo Republic was

Published 17 Jul, 2017 07:56pm

Energy

Polish refiner PKN's second-quarter profit forecast to rise by 16pc

WARSAW: Poland's oil refiner PKN Orlen, is forecast to report a 16 percent increase in second-quarter net profit year on

Published 17 Jul, 2017 07:49pm

Energy

Europe Gasoline/Naphtha-Cracks rise, tracking strong US cracks

LONDON: Benchmark gasoline refining margins in northwest Europe rose on Monday, supported by a rise in US cracks due to

Published 17 Jul, 2017 07:37pm

Energy

Europe Distillates-Cracks hold strength on limited imports

LONDON: Diesel refining margins were stable in northwest Europe, but the Mediterranean pulled in cargoes due to an ongoi

Published 17 Jul, 2017 07:37pm

Energy

Angolan crude exports to fall in September to 47 cargoes

LONDON: Exports of Angolan crude oil are expected to fall to 47 cargoes in September, down from 53 cargoes in August, an

Published 17 Jul, 2017 07:20pm

Energy

Germany's Jan-May gas imports up 19.5pc, bill 37.7pc higher

FRANKFURT: Germany imported 19.5 percent more natural gas in January through May versus a year earlier, while higher cru

Published 17 Jul, 2017 07:16pm

Energy

Oil edges up towards $49, US drilling slowdown supports

LONDON: Oil edged up to about $49 a barrel on Monday after fewer drilling rigs were added in the United States last week

Published 17 Jul, 2017 07:11pm

Energy

West Africa Crude-Angolan programme emerges

LONDON: State firm Sonangol issued its September loading programme on Monday with traders immediately offering cargoes a

Published 17 Jul, 2017 07:03pm

Energy

Med Crude-Urals differentials kept stable, CPC Blend jumped to the highest level since Dec '16

MOSCOW: Urals crude differentials in northwest Europe and the Mediterranean were stable on Monday after the provisional

Published 17 Jul, 2017 04:50pm

Energy

Croatia's LNG project to take key investment decision in 2018

ZAGREB: Croatia is likely to take a key step towards building a floating liquefied natural gas (LNG) terminal in the nor

Published 13 Jul, 2017 06:29pm

Energy

Oil steady as higher output balances Chinese demand

LONDON: Oil prices steadied on Thursday after evidence of stronger demand in China balanced reports of higher production

Published 13 Jul, 2017 05:33pm

Energy

Poland sees North-South Gas Corridor ready by 2022

WARSAW: Polish gas pipeline operator Gaz-System expects the North-South Gas Corridor linking LNG terminals in Poland and

Published 13 Jul, 2017 05:32pm

Energy

IEA raises forecast for global oil demand this year

PARIS: Global demand for oil will be slightly higher than expected this year, driven by increased consumption in Ind

Published 13 Jul, 2017 10:25am

Energy

Oil rises above $48 as API reports drop in US fuel stocks

LONDON: Oil rose above $48 a barrel on Wednesday in response to a fall in US fuel inventories and a cut in the US govern

Published 12 Jul, 2017 03:34pm

Energy

OPEC sees lower demand for its oil in 2018, points to surplus

LONDON: World demand for OPEC's crude will decline next year as US shale producers and other rivals pump more, OPEC said

Published 12 Jul, 2017 03:33pm

Energy

Oil falls as banks cut price forecasts

LONDON: Oil prices fell on Tuesday as global oversupply encouraged several banks to cut their forecasts for crude for th

Published 11 Jul, 2017 02:00pm

Energy

Oil steadies but outlook remains weak

LONDON: Oil steadied on Tuesday after almost a week of sharp falls, but the outlook remained weak amid oversupply an

Published 11 Jul, 2017 09:19am

Energy

Europe Gasoline/Naphtha-Gasoline crack edges higher capped by weak US demand

LONDON: The European gasoline crack edged slightly higher on Monday but further gains were capped by weak US buying inte

Published 10 Jul, 2017 07:24pm

Energy

Med Crude-Urals differentials dip, but still close to 2-year highs

MOSCOW: Urals crude differentials in northwest Europe inched lower on Monday, but remain close to 2-year highs on strong

Published 10 Jul, 2017 07:19pm

Energy

North Sea Crude-Forties edges higher; ship-to-ship activity picks up

LONDON: North Sea Forties crude differentials edged up on Monday, extending last week's rise, although activity was thin

Published 10 Jul, 2017 07:18pm

Energy

West Africa Crude-Nigerian overhang gets smaller

LONDON: Nigerian crude differentials were steady to slightly higher on Monday, supported by a smaller overhang of cargoe

Published 10 Jul, 2017 07:11pm

Energy

Libya, Nigeria may attend OPEC, non-OPEC July meeting

ISTANBUL/LONDON: Libyan and Nigerian officials may attend a joint meeting between OPEC and non-OPEC nations later this m

Published 10 Jul, 2017 05:09pm

Energy

Oil pares losses, but rising supply a worry

LONDON: Oil dipped on Monday, paring some earlier losses triggered by rising drilling activity in the United States and

Published 10 Jul, 2017 05:02pm

Energy

OPEC delegates encouraged by Russian comments on adjusting oil cut deal

LONDON: OPEC delegates said on Friday they were encouraged by Russia's openness to talking about changes to an OPEC-led

Published 07 Jul, 2017 03:55pm

Energy

Oil prices fall 2 percent on signs market still oversupplied

LONDON: Oil prices fell more than 2 percent on Friday after data showed US production rose last week just as OPEC export

Published 07 Jul, 2017 03:40pm

Energy

France 'to end sales of petrol, diesel vehicles by 2040'

PARIS: France will end sales of petrol and diesel vehicles by 2040 as part of an ambitious plan to meet its targets unde

Published 06 Jul, 2017 05:23pm

Energy

Oil rises after signs of US demand, but supply threat remains

LONDON: Oil rose on Thursday, recovering some ground after a surprisingly upbeat picture of US demand halted the previou

Published 06 Jul, 2017 03:31pm

Energy

Oil rises after US inventory drop but outlook remains gloomy

LONDON: Oil rose on Thursday, recovering some ground after a surprisingly upbeat picture of US demand halted the pre

Published 06 Jul, 2017 10:29am

Energy

Med Crude-Urals differentials in NWE at two-year high on strong margins

MOSCOW: Urals crude differentials in the northwest Europe jumped on Wednesday to the highest level in two years on stron

Published 05 Jul, 2017 07:39pm

Energy

West Africa Crude-Nigerian Qua offered lower amid ample supply

LONDON: Nigerian crude for August is selling slowly, traders said on Wednesday, and sellers were heard to be trimming of

Published 05 Jul, 2017 07:36pm

Energy

Europe Gasoline/Naphtha-Cracks rebound with fall in oil prices

LONDON: Gasoline cracks rose on Wednesday on the back of a slide in oil prices and hopes of a greater demand for fuel af

Published 05 Jul, 2017 07:35pm

Energy

Germany's oil imports bill for Jan-May up 48.9pc

FRANKFURT: Germany spent 13.4 billion euros ($15.18 billion) on crude oil imports in the first five months of the year,

Published 05 Jul, 2017 05:07pm

Energy

Hungary joins Gazprom pipeline, as Trump touts US LNG

BUDAPEST: Hungary signed a deal with Russia's Gazprom to link the country with the Turkish Stream pipeline by end-2019 o

Published 05 Jul, 2017 05:05pm

Energy

Nigerian oil output recovery adds to surplus

LONDON: Nigerian crude for August loading is proving slow to find buyers amid rising supply, oil trading sources said on

Published 05 Jul, 2017 04:53pm

Energy

Oil retreats after bull run, on rising OPEC exports, strong dollar

LONDON: Oil prices fell more than 2 percent on Wednesday, ending their longest bull-run in more than five years, as clim

Published 05 Jul, 2017 04:50pm

Energy

Oil slips after eight-session bull run on rising OPEC exports, strong dollar

LONDON: Oil prices fell more than one percent on Wednesday, ending their longest bull-run in over five years, as cli

Published 05 Jul, 2017 10:33am

Energy

West Africa Crude-Nigerian July surplus gets smaller

LONDON: A surplus of Nigerian cargoes for July loading is getting smaller after a drop in differentials boosted demand,

Published 04 Jul, 2017 05:18pm

Energy

Europe Gasoline/Naphtha-Cracks edge higher amid slow activity

LONDON: Gasoline refining margins in northwest Europe edged higher on Tuesday amid limited trading activity due to the U

Published 04 Jul, 2017 05:15pm

Energy

North Sea Crude-Diffs edge up, but barrels stored on ships rises

LONDON: North Sea crude differentials edged up on Tuesday, but gains were modest, given that the amount of oil stored on

Published 04 Jul, 2017 05:02pm

Energy

Med Crude-Urals differentials rise in Mediterranean on higher demand

MOSCOW: Urals differentials in the Mediterranean rose on Tuesday on healthy demand for cargoes loading in late July and

Published 04 Jul, 2017 05:01pm

Energy

Oil eases on US holiday after 8 days of gains

LONDON: Oil prices fell on Tuesday, as investors booked profits on an eight-day rally that was triggered by tentative si

Published 04 Jul, 2017 04:34pm

Energy

Brent crude stabilises near $50 a barrel

LONDON: Brent oil prices gained slightly on Tuesday, stabilising near $50 a barrel on tentative signs that a persistent

Published 04 Jul, 2017 03:30pm

Energy

Oil shipments from Georgia's Batumi port fall 29pc in first half

TBILISI: Oil and related shipments from Georgia's Black Sea port of Batumi fell 29.2 percent in the first half of 2017 f

Published 04 Jul, 2017 03:20pm

Energy

Oil resumes longest rally since 2012; OPEC output a concern

LONDON: Oil pared earlier losses on Monday, resuming its longest stretch of daily rallies in more than five years after

Published 03 Jul, 2017 04:05pm

Energy

North Sea BFOE crude oil supply to hit three-year low in August

LONDON: Supply of the four grades of crude oil that underpin the dated Brent benchmark price will fall to its lowest in

Published 03 Jul, 2017 04:00pm

Energy

Russia's Rosneft proposes to pay interim dividend on H1 2017 results

MOSCOW: Russia's largest oil producer Rosneft has proposed to pay an interim dividend on the first six months results, I

Published 03 Jul, 2017 03:56pm

Energy

Oil stages longest rally since 2012, OPEC output may cap gains

LONDON: Oil prices rose for an eighth day on Monday, their longest rally in over five years after data pointed to mo

Published 03 Jul, 2017 09:19am

Energy

Russian oil output unchanged in June, in line with compliance

MOSCOW: Russian oil output stood at 10.95 million barrels per day (bpd) in June, unchanged from the previous month,

Published 02 Jul, 2017 09:44am

Energy

Euro leads currency rally in Asia on talk of rate hikes

HONG KONG: The euro led a broad advance in currencies against the greenback Thursday after a string of central banke

Published 29 Jun, 2017 07:50am

Energy

North Sea Crude-Forties diffs hold, market shows bullish signs

LONDON: North Sea Forties crude differentials held steady on Wednesday, following the previous day's sharp rally that to

Published 28 Jun, 2017 05:00pm

Energy

Russia plans to ship 4.5mn T of oil to Belarus in Q3

MOSCOW: Russia plans to ship 4.5 million tonnes of oil to Belarus in the third quarter, Russian Energy Minister Alexande

Published 28 Jun, 2017 02:41pm

Energy

Oil stays below $47 as US inventory report revives glut worries

LONDON: Oil edged lower towards $47 a barrel on Wednesday after an industry report said US inventories increased, revivi

Published 28 Jun, 2017 02:33pm

Energy

Shell lifts force majeure on Nigeria's Bonny Light oil exports

LONDON: Royal Dutch Shell said on Wednesday that it had lifted force majeure on exports of Bonny Light crude oil after p

Published 28 Jun, 2017 02:21pm

Energy

Despite weak oil prices, OPEC still pockets more dollars

LONDON: With world oil inventories swelling despite a global pact on cutting output and crude prices falling by a fifth

Published 28 Jun, 2017 01:20pm

Energy

European equities stumble on poor data; oil steadies

LONDON: Europe's main stock markets and Wall Street stumbled Friday on disappointing economic data heading into the week

Published 23 Jun, 2017 05:35pm

Energy

Oil prices flat, heading for biggest H1 fall since 1990s

LONDON: Oil traded flat on Friday, hovering near a 10-month low in US prices hit earlier this week, and remained on cour

Published 23 Jun, 2017 04:52pm

Energy

Russia's Novatek aims topple Qatar from LNG top spot

LONDON: Russian gas producer Novatek aims to topple Qatar as the world's biggest exporter of liquefied natural gas as it

Published 23 Jun, 2017 04:04pm

Energy

West Africa Crude-HPCL buys Nigerian, but diffs under pressure

LONDON: An excess of light sweet crude continued to threaten Nigerian crude prices, though the reliability of Forcados l

Published 23 Jun, 2017 04:02pm

Energy

Britain's FTSE wallows at 1-week low as energy weighs; Imagination tech rockets

LONDON: Britain's top share index headed south once more on Thursday as a combination of weak oil majors, banks and firm

Published 22 Jun, 2017 03:02pm

Energy

Brent crude oil edges back above $45

LONDON: Oil edged up from multi-month lows on Thursday, but prices remained under pressure from a supply glut that has p

Published 22 Jun, 2017 12:49pm

Energy

Nigeria's Aug oil exports to top 2mn bpd, 17-month high

LONDON: Nigeria's crude oil exports are set to exceed 2 million barrels per day (bpd) in August, the highest level plann

Published 21 Jun, 2017 06:03pm

Energy

West Africa Crude-Nigerian exports rebound, Angolan trade slow

LONDON: Nigeria's August loading plan hit its highest since before the early 2016 Forcados force majeure, loading plans

Published 21 Jun, 2017 05:57pm

Energy

Oil flat as bulls discount OPEC cuts, set for worst H1 since 1997

LONDON: Oil steadied on Wednesday, paring earlier losses, but was set for its largest price slide in the first half of a

Published 21 Jun, 2017 02:14pm

Energy

Russia's Urals oil exports from Baltic Sea ports set to fall by 13pc on July 1-12, m/m

MOSCOW: Urals crude oil exports from Russian Baltic Sea ports are set to fall by 0.3 million tonnes on July 1-12 compare

Published 21 Jun, 2017 02:04pm

Energy

Oil headed for weakest first-half performance in two decades

LONDON: Oil was mostly flat on Wednesday, after paring earlier losses, but was set for its biggest price drop in the fir

Published 21 Jun, 2017 01:58pm

Energy

Oil falls as bulls discount OPEC cuts, set for worst H1 since 1997

LONDON: Oil fell to seven-month lows on Wednesday, set for its largest price slide in the first half of any year for

Published 21 Jun, 2017 09:09am

Energy

Private producer aims to ship Baltic's first Russian LNG before Gazprom

OSLO: LNG Gorskaya, a privately-owned Russian liquefied natural gas (LNG) producer, has launched a 340 million euro ($37

Published 20 Jun, 2017 04:13pm

Energy

OPEC, non-OPEC compliance with oil cuts hits highest in May

LONDON: OPEC and non-OPEC oil producers' compliance with a deal to cut global output has reached its highest in May sinc

Published 20 Jun, 2017 04:02pm

Energy

OPEC should heed lessons from Achnacarry Agreement

LONDON: OPEC members are struggling to protect their revenues in the face of renewed competition from US shale producers

Published 20 Jun, 2017 12:24pm

Energy

Oil prices hit seven-month lows on global oversupply

LONDON: Oil prices fell to seven-month lows on Tuesday after news of increases in supply by several key producers, a tre

Published 20 Jun, 2017 12:21pm

Energy

North Sea Crude-Forties and Brent offered lower

LONDON: North Sea Forties and Brent crude were offered at lower levels on Friday, with the market pressured by sizeable

Published 16 Jun, 2017 05:19pm

Energy

Oil prices bounce but stuck near 2017 lows on supply overhang

LONDON: Oil prices edged up from 2017 lows on Friday but remained on track for a fourth consecutive week of losses becau

Published 16 Jun, 2017 12:40pm

Energy

Lower oil prices set to test US shale drillers: Kemp

LONDON: Some US shale producers claim they can produce oil profitably with prices well below $50 per barrel or even $45

Published 15 Jun, 2017 12:43pm

Energy

Oil hits six-week low as OPEC fails to curb oversupply

LONDON: Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts abou

Published 15 Jun, 2017 08:47am

Energy

Oil prices fall as OPEC output, US crude stockpiles rise

LONDON: Oil prices fell on Wednesday after industry data showed a build in US crude stocks and OPEC reported a rise in i

Published 14 Jun, 2017 11:57am

Energy

Oil output to expand faster than demand in 2018: IEA

PARIS: Global oil output will expand faster than worldwide demand for oil next year, primarily as US producers rack

Published 14 Jun, 2017 08:43am

Energy

OPEC sees oil market rebalancing at slower pace, says output rises

LONDON: OPEC on Tuesday said a long-awaited rebalancing of the oil market was under way at a "slower pace" and reported

Published 13 Jun, 2017 12:31pm

Energy

US oil output hampering market rebalancing: OPEC

PARIS: Increased oil production in the United States is hampering efforts to balance out market supply and dem

Published 13 Jun, 2017 11:17am

Energy

Med Crude-CPC Blend edges higher despite light, sweet overhang

LONDON: The differential for Kazakh CPC Blend firmed on Monday after a buyer returned to the window for a second time, b

Published 12 Jun, 2017 05:35pm

Energy

European refiners slow crude runs in May

LONDON: Crude oil intake at Europe's refineries in May was 2.4 percent lower than in April at 10.175 million barrels per

Published 12 Jun, 2017 05:02pm

Energy

Oil rises as investors buy into US crude

LONDON: Oil rose on Monday to break a two-day losing streak, after futures traders increased their bets on a renewed pri

Published 12 Jun, 2017 04:03pm

Energy

Burst in investor confidence in oil pushes up prices

LONDON: Oil rose on Monday to break a three-day losing streak, after futures traders increased their bets on a renewed p

Published 12 Jun, 2017 12:13pm

Energy

After oil drop, some OPEC delegates question if supply cut deal enough

LONDON: Two weeks after an OPEC-led deal to extend oil output cuts until March, some OPEC delegates are questioning

Published 11 Jun, 2017 07:15am

Energy

Oil's price fall stalls despite supply glut

LONDON: Oil prices steadied on Friday after steep falls earlier in the week under pressure from widespread evidence of a

Published 09 Jun, 2017 02:11pm

Energy

Oil comeback for cut-exempt producers threatens to swamp OPEC

LONDON: OPEC's battle against an oil glut is under threat as unsold crude from members Nigeria and Libya, which are exem

Published 09 Jun, 2017 02:00pm

Energy

Oil edges off one-month lows, concern persists over supply

LONDON: Oil prices pared losses on Thursday, having hit one-month lows earlier in the day after unexpected surge in US i

Published 08 Jun, 2017 05:02pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks climb after ARA stocks draw

LONDON: Gasoline refining margins in northwest Europe rose sharply on Thursday following an 8 percent fall in ARA stocks

Published 08 Jun, 2017 04:30pm

Energy

Oil crawls off one-month lows, but supply gloom caps gains

LONDON: Oil edged up on Thursday, having hit one-month lows the previous day after an unexpected surge in US inventories

Published 08 Jun, 2017 12:41pm

Energy

Shell diverts US LNG cargo to Dubai after Qatar diplomatic row

LONDON: Royal Dutch Shell has sent a replacement cargo of liquefied natural gas (LNG) from the United States to Dubai, s

Published 08 Jun, 2017 11:56am

Energy

Norway's 2017 gas output at least the same as 2016

OSLO: Norway will deliver at least the same amount of gas by pipeline in 2017 as it did last year, when output was 108 b

Published 07 Jun, 2017 04:03pm

Energy

European bank bailout soothes anxious markets

LONDON: A smoothly executed rescue of Spain's struggling Banco Popular drove European banking stocks higher on Wednesday

Published 07 Jun, 2017 04:00pm

Energy

Oil dips on concern over rising US output, OPEC tensions

LONDON: Oil prices dipped on Wednesday on renewed concerns about the efficacy of OPEC-led production cuts due

Published 07 Jun, 2017 03:33pm

Energy

Shell Convent preparing hydrotreater furnace restart

HOUSTON: Royal Dutch Shell Plc's Convent, Louisiana, refinery was preparing on Wednesday morning to restart a furnace on

Published 07 Jun, 2017 03:06pm

Energy

Defensives keep Britain's FTSE afloat, mid caps dive to 3-week low

LONDON: UK shares remained stuck below last week's record high on Tuesday as investors sought safety in precious metals

Published 06 Jun, 2017 04:20pm

Energy

Med Crude-Urals drifts sideways in muted trade, CFDs flattish

MOSCOW: Urals crude differentials in northwest Europe and Mediterranean were stable on Tuesday in quiet trade,

Published 06 Jun, 2017 04:18pm

Energy

Oil slips on worries Mideast rift could undermine OPEC cuts

LONDON: Oil prices slipped further below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and se

Published 06 Jun, 2017 12:16pm

Energy

Russian oil output in May falls below 11 mln bpd

MOSCOW: Russian oil production in May fell to 10.947 million barrels per day (bpd) from 11 million bpd in April as it co

Published 02 Jun, 2017 07:54am

Energy

North Sea Crude-Forties diff firms on shorter programme, Ekofisk lower

LONDON: The differential for Forties firmed on a shorter July programme while the price for Ekofisk fell on a more ample

Published 01 Jun, 2017 06:00pm

Energy

Oil rises as Trump decides on climate pact, yuan surges

LONDON: Oil prices rose on Thursday, lifting energy company shares, on expectations the United States will withdraw from

Published 01 Jun, 2017 02:56pm

Energy

West African oil to China slides to 9-month low in June, India offsets

LONDON: China's West African crude oil loadings are on track to slide to a nine-month low in June as buying in the key o

Published 01 Jun, 2017 02:38pm

Energy

Oil prices under pressure from rising OPEC supplies

LONDON: Oil prices pared gains reached earlier in the session on Thursday, despite US industry data showing a big drop i

Published 01 Jun, 2017 01:54pm

Energy

Asia and European stocks mostly rise despite Wall Street losses

LONDON: Asian and European markets mostly rose Wednesday after forecast-beating Chinese factory data raised ho

Published 31 May, 2017 01:00pm

Energy

Oil falls on potential undermining of OPEC-led deal

LONDON: Oil prices fell by 1 percent on Wednesday as rising Libyan production fuelled concerns that OPEC-led output cuts

Published 31 May, 2017 12:07pm

Energy

OPEC, non-OPEC committed to cutting inventories to 5-yr average-Falih

MOSCOW: OPEC and non-OPEC countries are committed to bringing global oil inventories down to the industry's five-year av

Published 31 May, 2017 11:57am

Energy

France risks 2017/2018 winter gas shortages, say gas transport firms

PARIS: France is at risk of gas shortages during cold snaps in the coming winter due to low stock levels, gas transport

Published 31 May, 2017 11:36am

Energy

LNG tender from Australia's Gorgon project signals early restart

LONDON: Exxon Mobil seeks to sell a liquefied natural gas (LNG) cargo from Australia's giant Gorgon export facility in J

Published 30 May, 2017 05:45pm

Energy

Med Crude-Urals diffs slightly down in NWE, up in Mediterranean

MOSCOW: Urals crude differentials in northwest Europe eased slightly on Tuesday, while the grade was bid higher in the M

Published 30 May, 2017 05:25pm

Energy

Oil slips on oversupply worries despite OPEC deal

LONDON: Oil prices fell on Tuesday, pressured by concerns that production cuts by the world's big exporters may not be e

Published 30 May, 2017 12:43pm

Energy

North Sea Ekofisk crude oil supply to rise in July

LONDON: Supply of North Sea Ekofisk crude oil will rise in July from June, according to loading programmes seen by tradi

Published 30 May, 2017 11:56am

Energy

Russian diesel exports from Primorsk seen at 1.155mn T in June

MOSCOW: Russian export of ultra-low sulphur diesel (ULSD) from the Baltic Sea port of Primorsk is expected to fall by 3.

Published 29 May, 2017 12:21pm

Energy

Oil slips as more US drilling outweighs OPEC-led cuts

LONDON: Oil prices slipped on Monday as further increases in US drilling activity undercut an OPEC-led push to

Published 29 May, 2017 12:03pm

Energy

Polish minister says US LNG imports could undermine Gazprom's position

WARSAW: Imports of liquefied natural gas (LNG) from the United States could significantly undermine the dominant positio

Published 29 May, 2017 11:29am

Energy

Russia's 2017 oil exports seen down by 4mn T

MOSCOW: Russia's oil exports could fall by 4 million tonnes in 2017, in line with an expected production decline as part

Published 26 May, 2017 05:50pm

Energy

West Africa Crude-Nigerian overhang persists, Angolan trades slowly

LONDON: Nigerian oil prices were under pressure as the Atlantic Basin remained awash with light crude due to the open ar

Published 25 May, 2017 05:50pm

Energy

OPEC, non-OPEC extend oil output cut by 9 months to fight glut

VIENNA: OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018

Published 25 May, 2017 05:49pm

Energy

North Sea Crude-Forties edges higher but contango grows

LONDON: Forties crude differentials edged higher in an otherwise steady North Sea market that has seen cargoes for promp

Published 25 May, 2017 04:50pm

Energy

Oil steady before expected extension of OPEC output cut

LONDON: Oil prices steadied on Thursday ahead of an OPEC meeting expected to extend production cuts into 2018 in an

Published 25 May, 2017 09:24am

Energy

Med crude-Urals differentials unchanged ahead of June-loading plan

MOSCOW: Urals differentials remained stable on Wednesday while traders awaited the release of the full Urals preliminary

Published 24 May, 2017 04:35pm

Energy

Shell, Exxon joint venture considering appeal on planned cut at Groningen

AMSTERDAM: A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it was considering appealing a Du

Published 24 May, 2017 02:17pm

Energy

Oil prices steady as market awaits extended output cut

LONDON: Oil prices steadied on Wednesday as investors waited for news from Vienna where ministers from OPEC and other ex

Published 24 May, 2017 02:07pm

Energy

OPEC, non-OPEC committee recommends oil cuts at same level

VIENNA: A ministerial committee consisting of some key OPEC and non-OPEC members recommended on Wednesday keep

Published 24 May, 2017 01:45pm

Energy

Oil prices rise as expected decision to extend cuts nears

LONDON: Oil rose on Tuesday as expectations of an extension to OPEC-led supply cuts supported prices, reversing losses e

Published 23 May, 2017 05:27pm

Energy

Algeria says OPEC discussing 9-month extension to cuts

VIENNA: Algerian Energy Minister Noureddine Boutarfa said on Tuesday that OPEC was discussing a possible nine-month exte

Published 23 May, 2017 05:22pm

Energy

Shell shareholders reject emissions target proposal

THE HAGUE: Royal Dutch Shell shareholders on Tuesday widely rejected a proposal by an environmental group calling for th

Published 23 May, 2017 05:11pm

Energy

Ecuador oil minister says OPEC likely to extend cuts by 9 months

VIENNA: Ecuador Oil Minister Jos? Icaza Romero said on Tuesday that OPEC and other oil-producing countries would discuss

Published 23 May, 2017 04:49pm

Energy

OPEC panel looking at deepening, extending oil cuts

VIENNA: An OPEC panel reviewing scenarios for the oil producer group's meeting next week is looking at the option of dee

Published 19 May, 2017 01:16pm

Energy

Oil heads for 2nd week of gains as output cut extension expected

LONDON: Oil prices were heading on Friday for a second week of gains on growing expectations that big crude exporters wi

Published 19 May, 2017 12:32pm

Energy

Germany's Jan-March gas imports up 16.9pc, bill 32.6pc higher

FRANKFURT: Germany imported 16.9 percent more natural gas in January through March versus a year earlier, while higher c

Published 18 May, 2017 06:13pm

Energy

Europe Gasoline/Naphtha-Cracks slip as stockpiles, crude prices rise

LONDON: Gasoline benchmark refining margins in northwest Europe slipped on Thursday as inventories of the fuel rose with

Published 18 May, 2017 05:14pm

Energy

West Africa Crude-Nigerian July loading programmes surface

LONDON: The market was focussed on emerging July loading programmes and trade was limited to tenders, with Ang

Published 18 May, 2017 05:07pm

Energy

North Sea Crude-Diffs hold; cargoes line up for Atlantic crossings

LONDON: North Sea crude differentials held unchanged on Thursday after traders reported no deals had taken place in the

Published 18 May, 2017 04:57pm

Energy

Global oil rises ahead of US inventory data

LONDON: Oil prices strengthened on Wednesday ahead of US crude inventory data that could give investors a clue

Published 17 May, 2017 03:53pm

Energy

Oil turns positive as market awaits EIA data

LONDON: Oil prices strengthened on Wednesday ahead of US crude inventory data that could give investors a clue as to whe

Published 17 May, 2017 03:03pm

Energy

Oil rises on expectations of extended supply curbs

LONDON: Oil prices extended gains on Tuesday after top producers Saudi Arabia, Russia and Kuwait supported prolonging su

Published 16 May, 2017 05:20pm

Energy

North Sea oil projects to start up 2017-2019

LONDON: New oil projects in the North Sea aim to add 1.2 million barrels per day (bpd) of new capacity, a level that wil

Published 16 May, 2017 05:09pm

Energy

Oil output spike brightens North Sea's twilight years

LONDON: North Sea oil output is expected to jump by a net 400,000 barrels per day (bpd) or about a fifth in the next two

Published 16 May, 2017 05:06pm

Energy

Russia's Gazprom says gas output at 180 bcm in 2017

MOSCOW: Russia's Gazprom said on Tuesday its natural gas output over January 1 to May 15 stood at 180.1 billion cubic me

Published 16 May, 2017 05:02pm

Energy

West Africa Crude-Nigerian grades weaken on sweet grade oversupply

LONDON: Buying interest for light sweet Nigerian grades was limited on Tuesday and traders said differentials were falli

Published 16 May, 2017 04:10pm

Energy

Europe Distillates-Diffs hold strong on limited supplies

LONDON: Diesel barge differentials in northwest Europe edged higher on Monday as limited imports into the regi

Published 15 May, 2017 09:51pm

Energy

Europe Gasoline/Naphtha-Gasoline margins steady as exports support

LONDON: Gasoline margins were largely unchanged on Monday, supported by relatively firm demand to export European cargoe

Published 15 May, 2017 08:08pm

Energy

North Sea Crude-Forties off lows on flurry of stronger bids

LONDON: North Sea Forties crude differentials rose sharply on Monday, following a flurry of stronger bids, as the end of

Published 15 May, 2017 08:06pm

Energy

GLOBAL MARKETS-Oil price jump soothes cyber nerves

LONDON: Oil's strongest run of gains since December cushioned the hit to stock markets on Monday from a successful missi

Published 15 May, 2017 04:27pm

Energy

OPEC and hedge funds are trapped in Groundhog Day

LONDON: Hedge funds had become increasingly bearish towards crude oil by the middle of last week, leaving them vulnerabl

Published 15 May, 2017 04:15pm

Energy

Oil rises above $52 as Saudis and Russia back longer supply cut

LONDON: Oil hit its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said

Published 15 May, 2017 04:06pm

Energy

West Africa Crude-Nigerian exports to rise, Angolan programme next week

LONDON: Nigerian crude supplies are expected to rise significantly in the coming months with the resumption of Forcados

Published 12 May, 2017 06:26pm

Energy

India's gasoline boom stalls: Kemp

LONDON: India's gasoline consumption has flattened out in recent months after tremendous growth between 2014 and 2016.

Published 12 May, 2017 02:09pm

Energy

Europe Gasoline/Naphtha-Gasoline firms slightly on lower stocks

LONDON: Gasoline margins were underpinned by falling stocks in northwest Europe but gains were tempered by US data showi

Published 11 May, 2017 05:08pm

Energy

North Sea Crude-Diffs steady, Shell offers Forties

LONDON: North Sea crude differentials held unchanged on Thursday after daily trading window passed without any deals bei

Published 11 May, 2017 05:04pm

Energy

Egypt starts weaning itself off foreign gas as output surges

AMSTERDAM: Egypt is holding talks with its liquefied natural gas (LNG) suppliers to defer contracted shipments this year

Published 11 May, 2017 02:35pm

Energy

UK GAS-Gas prices decline on warmer weather

LONDON: British wholesale gas prices declined on Thursday afternoon on expectations of warmer weather for the

Published 11 May, 2017 01:33pm

Energy

Oil up after US inventories fall, Saudi cuts to Asia

LONDON: Oil prices rose on Thursday, with benchmark Brent crude trading comfortably above $50 a barrel after a

Published 11 May, 2017 01:14pm

Energy

North Sea Crude-Diffs hold despite looming Buzzard maintenance

LONDON: North Sea crude differentials held unchanged on Wednesday in spite of a prospective drop in supply of Forties wh

Published 10 May, 2017 05:59pm

Energy

Rosneft aims to complete purchase of India's Essar Oil by end June

MOSCOW: Russia's largest oil producer Rosneft expects to complete the acquisition of Indian refiner Essar Oil

Published 10 May, 2017 04:16pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks dip on slower exports

LONDON: Gasoline refining margins in northwest Europe slightly dipped on Wednesday after a draw in US inventories, but l

Published 10 May, 2017 03:53pm

Energy

Shell proposes adding Russian oil to Brent benchmark

LONDON: Royal Dutch Shell on Wednesday urged oil pricing agency S&P Global Platts to protect the dated Brent crude b

Published 10 May, 2017 02:04pm

Energy

Russia boosts Urals oil flow to India as OPEC cuts production

MOSCOW: Russia has steeply raised Urals oil supplies to India, taking market share from OPEC countries that are cutting

Published 10 May, 2017 01:57pm

Energy

Oil rises after US inventories drop, but extra supplies weigh

LONDON: Oil prices rose on Wednesday after a larger-than-expected fall in US crude inventories but failed to recoup last

Published 10 May, 2017 01:00pm

Energy

Oil rises after hint of longer extension to OPEC cut

LONDON: Oil rose on Monday, reversing earlier losses, after sources said OPEC and its partners were considering extendin

Published 08 May, 2017 04:32pm

Energy

West Africa Crude-Angolan June availability dwindles, Nigerian trade slow

LONDON: Trade of Nigerian crude was slow with offers not meeting buying interest and uncertainty remained over Nigeria's

Published 08 May, 2017 04:23pm

Energy

Shell Convent refinery hydrocracker remains shut

HOUSTON: The heavy oil hydrocracking unit (HCU) at Royal Dutch Shell Plc's 235,000-barrel-per-day (bpd) Convent, Louisia

Published 08 May, 2017 04:04pm

Energy

Gazprom starts construction of gas pipeline to Turkey

MOSCOW: Russian gas firm Gazprom said Sunday construction had begun of a gas pipeline under the Black Sea to T

Published 07 May, 2017 06:35pm

Energy

Oil spill leaves commodities spinning, safe-havens shine

LONDON: A slump in oil prices to the lowest in almost six months rattled markets on Friday, prompting a rally in safe-ha

Published 05 May, 2017 04:20pm

Energy

GLOBAL LNG-Prices edge lower as oil drops and production rises

LONDON/SINGAPORE: Asian spot LNG prices fell this week on the back of rising production and lower oil prices while publi

Published 05 May, 2017 04:19pm

Energy

Oil price bull Andurand closes bet on rally

LONDON: Pierre Andurand, who runs one of the biggest hedge funds specialising in oil, liquidated the fund's last long po

Published 05 May, 2017 03:38pm

Energy

Statoil profit jumps with overseas operations back in the black

OSLO: Statoil reported a far bigger jump in first-quarter operating profit than expected on Thursday, helped by the firs

Published 04 May, 2017 03:18pm

Energy

Oil wipes out OPEC-inspired gains with break below $50/bbl

LONDON: Oil fell to its lowest since late November on Thursday, as concern over rising global supply and stubbornly high

Published 04 May, 2017 02:13pm

Energy

West African oil exports to Asia to edge higher in May

LONDON: Asia's West African crude oil loadings in May are expected to edge higher from the previous month, but remain be

Published 04 May, 2017 01:53pm

Energy

Russia's Rosneft says Q1 oil output down 70,000 bpd from Oct

MOSCOW: Russia's largest oil producer Rosneft has cut its average first-quarter oil production by a little mor

Published 03 May, 2017 02:46pm

Energy

Oil rebounds from near 2017 lows on falling US crude stocks

LONDON: Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much larger-than-expected

Published 03 May, 2017 02:31pm

Energy

German diesel car sales drop 19pc, lose market share

BERLIN: New car sales in Germany declined 8 percent in April, with sales of diesel-powered vehicles dropping 19 percent

Published 03 May, 2017 02:07pm

Energy

Med crude-Urals seen weaker as demand for May resources faints

MOSCOW: Urals differentials weakened slightly on Tuesday as the demand for May-loading cargoes reduced after r

Published 02 May, 2017 04:56pm

Energy

Russian oil output declines, almost at global pact target

MOSCOW: Russian oil production edged down to 11.00 million barrels per day (bpd) in April from 11.05 million bpd in Marc

Published 02 May, 2017 03:01pm

Energy

North Sea BFOE crude oil supply to fall to three-month low in June

LONDON: Supply of the four streams of North Sea crude that underpin the dated Brent benchmark will fall to its lowest in

Published 02 May, 2017 02:38pm

Energy

Georgia's Batumi port posts 20.4pc fall yr/yr in Jan-Apr oil shipments

TBILISI: Shipments of crude and refined oil products from the Georgian Black Sea port of Batumi fell 20.4 perc

Published 02 May, 2017 02:14pm

Energy

Oil slips below $52 as US drilling, China worries weigh

LONDON: Oil edged below $52 a barrel on Monday as rising crude output and drilling in the United States countered OPEC-l

Published 01 May, 2017 12:49pm

Energy

Oil rebounds from one-month low on hopes for output cut extension

LONDON: Oil prices rebounded on Friday after dropping to a one-month low the previous day, prompting investors to buy at

Published 28 Apr, 2017 03:52pm

Energy

Oil rises from one-month low on hopes of output deal extension

LONDON: Oil prices rose on Friday after a slide to a one-month low the previous day prompted investors to buy at cheaper

Published 28 Apr, 2017 02:34pm

Energy

Europe Gasoline/Naphtha-Cracks slump as US supply closes arbitrage

LONDON: Gasoline refining margins in northwest Europe fell on Thursday as rising inventories in the United States depres

Published 27 Apr, 2017 04:26pm

Energy

Denmark's energy agency lowers North Sea oil, gas production outlook

COPENHAGEN: Danish Energy Agency has lowered its estimate for total oil and gas production from the Danish part of the N

Published 27 Apr, 2017 01:55pm

Energy

Russian diesel exports from Primorsk seen at 1.242mn T in May

MOSCOW: Russian exports of ultra-low sulphur diesel (ULSD) from the Baltic Sea port of Primorsk are expected to fall 5.7

Published 27 Apr, 2017 01:39pm

Energy

North Sea Forties crude supply to fall in June

LONDON: Supply of North Sea Forties crude oil will fall in June from May, according to loading programmes seen by tradin

Published 27 Apr, 2017 01:28pm

Energy

Gazprom hikes Ukraine claim to $37bn, says verdict due June 30

MOSCOW: Russian gas giant Gazprom has increased its claim against Ukraine's Naftogaz to $37 billion and expect

Published 27 Apr, 2017 01:19pm

Energy

Oil prices fall after Libyan oilfields restart

LONDON: Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export i

Published 27 Apr, 2017 01:18pm

Energy

Oil market heading towards balance, more draws needed

PARIS: OPEC Secretary-General Mohammad Barkindo said on Thursday that an overhang in global oil inventories wa

Published 27 Apr, 2017 01:04pm

Energy

North Sea Crude-Rising imports keep Brent diffs near 18-month lows

LONDON: North Sea Brent crude differentials held around their weakest in around 18 months on Wednesday, under pressure f

Published 26 Apr, 2017 07:04pm

Energy

Drilling costs rise as US oil, gas activity picks up: Kemp

LONDON: US oil and gas drilling costs have started to rise in response to a surge in activity and are set to increase fu

Published 26 Apr, 2017 04:42pm

Energy

Russia's Gazprom seen doubling Q4 profit thanks to stronger rouble

MOSCOW: Russian gas giant Gazprom is on average expected to report a 95 percent rise in fourth-quarter net inc

Published 26 Apr, 2017 04:39pm

Energy

Oil prices slip ahead of US stock data after surprise API build

LONDON: Oil prices edged lower on Wednesday ahead of data that will shed light on US crude inventories after an industry

Published 26 Apr, 2017 03:36pm

Energy

Oil dips on doubts over OPEC's ability to reduce inventories

LONDON: Oil eased on Tuesday, paring earlier gains, as doubts about OPEC's ability to reduce global crude inventories pu

Published 25 Apr, 2017 04:19pm

Energy

Gazprom CEO sees share of EU gas market rising despite LNG rivals

LONDON: A new pipeline from Russia's Arctic fields to Germany will boost Moscow's share of the European gas market despi

Published 25 Apr, 2017 02:31pm

Energy

Oil edges up, breaking six-day stretch of losses

LONDON: Oil prices nudged higher on Tuesday, breaking a six-day streak of price falls, but doubts about OPEC's ability t

Published 25 Apr, 2017 01:13pm

Energy

Med Crude-Urals up on provisional loading plan, Asian demand

MOSCOW: Urals prices in northwest Europe firmed on Monday after a provisional loading plan for May showed Baltic Sea loa

Published 24 Apr, 2017 05:37pm

Energy

Russian gasoline, gasoil, fuel oil exports in March

MOSCOW: Here are figures for Russian exports of gasoline, gasoil and fuel oil in March 2017, provided by the Energy Mini

Published 24 Apr, 2017 03:58pm

Energy

Norway's Statoil plays down risks ahead of Arctic drilling

OSLO: Norway's Statoil on Monday played down concerns that drilling in the Arctic is risky, days before it kickstarts it

Published 24 Apr, 2017 03:44pm

Energy

Oil slips, as investors fret about rising US drilling

LONDON: Oil prices dipped on Monday, reversing earlier gains as concerns about a pick up in US drilling activi

Published 24 Apr, 2017 03:41pm

Energy

Gazprom's western partners agree financing for $10.3bn Nord Stream 2 pipeline

PARIS: Western partners of gas giant Gazprom agreed on Monday on financing the 9.5-billion euro ($10.32 billion)Nord Str

Published 24 Apr, 2017 03:37pm

Energy

Oil recovers some ground, rise in US drilling caps gains

LONDON: Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC wil

Published 24 Apr, 2017 12:51pm

Energy

US natural gas prices soften, market eyes big hedge fund longs: Kemp

LONDON: Hedge fund managers have accumulated a near-record bullish position in US natural gas futures and opti

Published 24 Apr, 2017 12:41pm

Energy

Turkey's gas demand by 2030 likely to be below official forecasts

LONDON: Turkey is likely to require 25 percent less gas in 2030 than forecast by state-owned pipeline operator Botas as

Published 24 Apr, 2017 11:58am

Energy

Hedge fund confidence in OPEC starts to fray: Kemp

LONDON: OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market reb

Published 20 Apr, 2017 05:33pm

Energy

Oil prices flatten as rise in US production weighs

LONDON: Oil prices were largely flat on Thursday after steep losses the previous session, with rising US production weig

Published 20 Apr, 2017 02:42pm

Energy

EU 2016/17 wheat exports reach 19.6 mln T, 346 000 T this week

PARIS: European Union soft wheat exports in the 2016/17 season had reached 19.6 million tonnes by April 18, down 19 perc

Published 20 Apr, 2017 02:22pm

Energy

Med Crude-Urals up in NWE as loadings inch lower early in May

MOSCOW: Urals crude differentials to dated Brent in northwest Europe rose on Tuesday after the four-day Ea

Updated 19 Apr, 2017 11:58am

Energy

Oil hits 11-day low on expected surge in US shale output

LONDON: Oil prices hit their lowest in 11 days on Tuesday on news that US shale oil output in May is expected to post th

Published 18 Apr, 2017 02:58pm

Energy

Statoil confident Brazil deal to go ahead despite suspension

OSLO: Norway's Statoil is confident that its deal with Petr?leo Brasileiro SA to acquire a stake in exploration block BM

Published 18 Apr, 2017 02:57pm

Energy

Oil slides as US pumps more, but OPEC and North Korea loom

LONDON: Crude oil slid lower on Monday on signs that the United States is continuing to add output, largely counteractin

Published 17 Apr, 2017 02:37pm

Energy

Russia's Gazprom says Belarus paid off gas debt of $726mn

MOSCOW: Russian gas giant Gazprom said on Thursday that Belarus has paid off in full a debt of $726.2 million

Published 13 Apr, 2017 05:49pm

Energy

Med Crude-Urals down in the north, first loading dates for May loom

MOSCOW: Urals crude differentials to dated Brent in northwest Europe fell for a second day on Thursday pressured by sell

Published 13 Apr, 2017 05:32pm

Energy

Shell lobbies Dutch government to quadruple offshore wind target by 2030

LONDON: Anglo-Dutch oil major Royal Dutch Shell said it has urged the Dutch government to come up with bolder offshore w

Published 13 Apr, 2017 05:11pm

Energy

Total, JERA LNG deal signals move to offer flexible contracts

PARIS: French oil and gas major Total has signed a short-term liquefied natural gas (LNG) supply contract with Japan's J

Published 13 Apr, 2017 04:42pm

Energy

World oil market 'close to balance' despite OPEC cuts: IEA

PARIS: Supply and demand in the oil market are close to matching up, the IEA said Thursday, as landmark OPEC-l

Published 13 Apr, 2017 04:30pm

Energy

World oil market 'close to balance' despite OPEC cuts: IEA

PARIS: Supply and demand in the oil market are close to matching up, the IEA said Thursday, as landmark OPEC-l

Published 13 Apr, 2017 08:54am

Energy

Brent oil rises for 8th day on possible extension to supply cut

LONDON: Brent oil extended gains into an eighth straight session on Wednesday, having recovered nearly all last month's

Published 12 Apr, 2017 05:52pm

Energy

Med Crude-Urals eases on lower demand for April volumes

MOSCOW: Urals differentials eased slightly in northwest Europe and the Mediterranean as a few April-loading cargoes

Updated 19 Apr, 2017 12:22pm

Energy

Europe Distillates-Diesel discounts widen after ICE gasoil expiry

LONDON: Diesel differentials widened on Wednesday following the expiry of the ICE April gasoil contract and liquidity ro

Published 12 Apr, 2017 05:06pm

Energy

OPEC says oil deal bearing fruit, but US pumping more

PARIS: World oil production fell in March thanks to a deal to cut output, OPEC said Wednesday, but the cartel'

Published 12 Apr, 2017 03:58pm

Energy

Rosneft says newly acquired Siberia oilfields to boost its output this year

MOSCOW: Russia's top oil producer Rosneft has completed the acquisition of the Kondaneft group of oilfields in West Sibe

Published 11 Apr, 2017 05:11pm

Energy

Premier Oil CEO pay rises by a third as company recovers from weak prices

LONDON: The head of North Sea oil producer Premier Oil saw his final pay package rise by a third last year to

Published 11 Apr, 2017 04:57pm

Energy

Russia's Gazprom signs gas transport deal with Slovakia's Eustream

MOSCOW: Russian gas giant Gazprom said on Tuesday it had signed a 5.3 billion euro ($5.6 billion) gas transportation fra

Published 11 Apr, 2017 04:19pm

Energy

OPEC figures show oil output cuts exceed pledge in March

DUBAI/LONDON: OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the

Published 11 Apr, 2017 04:17pm

Energy

Oil eases from 5-week high, US output rise undermines rally

BOSTON: Crude oil edged back from a five-week high on Tuesday as rising US shale oil production weighed against support

Published 11 Apr, 2017 04:13pm

Energy

Europe Distillates-Margins climb on limited imports

LONDON: Diesel refining margins in northwest Europe rose slightly on Tuesday boosted by a closed arbitrage into the regi

Published 11 Apr, 2017 04:11pm

Energy

Oil rises towards $56 on Libyan field shutdown, Syria

LONDON: Oil rose towards $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield, tension over

Published 10 Apr, 2017 05:09pm

Energy

Russia resumes LPG exports to Ukraine

KIEV: Russia has resumed liquefied petroleum gas (LPG) exports to Ukraine after a pause of several days, Ukrai

Published 07 Apr, 2017 02:50pm

Energy

French non-EU wheat exports dip in February after 2-month rise

PARIS: French wheat exports outside the European Union weakened in February, after rising for two months in a

Published 07 Apr, 2017 02:05pm

Energy

Nigeria to require higher quality on fuel imports from July 1

LONDON: Nigeria will raise quality standards on its imported gasoline, diesel and kerosene from July 1, a chan

Published 07 Apr, 2017 12:44pm

Energy

Oil hits one-month high after US missile strike in Syria

LONDON: Oil prices hit a one-month high on Friday after the United States fired missiles at a Syrian governmen

Published 07 Apr, 2017 12:31pm

Energy

Oil prices edge up after dent from US inventories

LONDON: Oil prices rose on Thursday, on track for a fourth consecutive daily gain, after recovering from losses triggere

Published 06 Apr, 2017 03:18pm

Energy

Australia thermal coal cargoes for May rise to four-month high

LONDON: Thermal coal for export in May from Australia's Newcastle port rose to a four-month high of $90 a tonne on Thurs

Published 06 Apr, 2017 03:11pm

Energy

Traders clear Europe's tanks by shipping more gasoline to US

LONDON: Traders are shipping more gasoline from Europe to the US East Coast ahead of the summer driving season as a stea

Published 06 Apr, 2017 01:42pm

Energy

Norway says China wants to increase energy cooperation

OSLO: Norway and China are looking to increase cooperation on energy, a senior Norwegian official told Reuters, in anoth

Published 06 Apr, 2017 01:40pm

Energy

Russia's Rosneft to receive first Iraq's Kurdish oil cargo this week

MOSCOW: Russia's Rosneft, the world's top listed oil producer, will receive first cargo of 600,000 barrels of

Published 06 Apr, 2017 01:26pm

Energy

LNG tanker Arctic Voyager due to arrive at Rotterdam on April 14

LONDON: Liquefied natural gas tanker Arctic Voyager is due to arrive at the port of Rotterdam on April 14, Reu

Published 06 Apr, 2017 01:24pm

Energy

Russia's Gazprom says will buy 4 bcm of gas per year from Uzbekistan

MOSCOW: Russian gas giant Gazprom has signed a five-year deal to buy 4 billion cubic metres (bcm) of gas from

Published 05 Apr, 2017 06:00pm

Energy

Oil jump, easing political fears, arrest euro zone bond yield slide

LONDON: A surge in oil prices and an easing of concerns over France's upcoming presidential election appeared to put the

Published 05 Apr, 2017 04:34pm

Energy

Europe Distillates-Cracks steady amid strong regional demand

LONDON: Diesel refining margins in northwest Europe held steady on Wednesday, supported by strong regional dem

Published 05 Apr, 2017 04:15pm

Energy

Oil hits one-month high near $55 on tighter supplies

LONDON: Oil hit a one-month high near $55 a barrel on Wednesday as a fall in U.S. crude inventories raised hop

Published 05 Apr, 2017 10:37am

Energy

Oil prices rise on forecasts of lower US inventories

LONDON: Oil prices rose on Tuesday as expectations of a draw down in US crude and product inventories outweigh

Published 04 Apr, 2017 07:54pm

Energy

West Africa Crude-Traders focus on tenders, Taiwan CPC re-selling

LONDON: Trading in Nigerian crude was limited on Monday with traders focusing on several tenders, while Taiwan was seen

Published 03 Apr, 2017 08:38pm

Energy

Supply of North Sea Brent crude to rise in May

LONDON: Supply of Brent crude oil will rise in May to a four-month high, according loading programmes seen by a trading

Published 03 Apr, 2017 08:20pm

Energy

Oil stocks help European shares steady at 16-month highs

MILAN: European shares edged up on Monday helped by stronger oil stocks, while the loss of major customer Apple hammered

Published 03 Apr, 2017 07:58pm

Energy

Russian oil output falls in March to 11.05mn bpd

MOSCOW: Russian oil output was 11.05 million barrels per day (bpd) in March, down 200,000 bpd from October - t

Published 02 Apr, 2017 09:43am

Energy

West Africa Crude-April cargoes clear, but fresh Qua loading delays

LONDON: Several cargoes from April loading programmes cleared out on Friday, but trading was otherwise limited while

Published 31 Mar, 2017 03:23pm

Energy

Angola LNG closes tender to sell early April loading cargo

MILAN: Angola's liquefied natural gas (LNG) export plant closed a tender on Thursday to sell one cargo loa

Published 30 Mar, 2017 02:20pm

Energy

Oil prices higher as OPEC grapples with oversupply

LONDON: Oil prices rose further on Thursday, building on two days of increases after Kuwait gave its backing f

Published 30 Mar, 2017 02:16pm

Energy

Exxon to sell its Norway-operated oilfields

OSLO: Exxon Mobil has agreed to sell its operated upstream business in Norway to private equity firm HitecVision and oil

Published 29 Mar, 2017 12:55pm

Energy

Oil slips towards $50 on doubts over duration of output cut

LONDON: Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production cu

Published 27 Mar, 2017 02:42pm

Energy

Oil edges up as Saudis cut supplies to US, but global glut remains

LONDON: Oil edged higher on Friday, boosted by hopes that an OPEC output cut was beginning to balance a long-o

Published 24 Mar, 2017 03:21pm

Energy

Russian April Urals oil exports from Baltic ports seen at 7.5mn tonnes

MOSCOW: Russian exports of Urals crude oil from Baltic ports are set to rise to 7.5 million tonnes in April fr

Published 24 Mar, 2017 03:16pm

Energy

Oil eases despite weak dollar as US stockpiles remain high

NEW YORK: Oil prices eased on Thursday, as support from a weaker dollar was offset by a stubbornly high level of US inventories near record highs that suggested OPEC-led output cuts were starting to drain supplies.

Published 16 Mar, 2017 04:26pm

Energy

Oil rebounds off lows as US inventories ease off record high

NEW YORK: Oil prices rose more than 1 percent Wednesday, lifted by a surprise drawdown in US crude inventories and data from the International Energy Agency (IEA) suggesting OPEC cuts should create a crude deficit in the first half of 2017.

Published 15 Mar, 2017 04:06pm

Energy

Global oil supplies up, but OPEC abides by output cut: IEA

PARIS: OPEC countries are complying with a landmark deal to reduce a worldwide glut in oil, but global supplies nevertheless increased in February, the International Energy Agency said on Wednesday.

Published 15 Mar, 2017 10:35am

Energy

Oil drops amid rising stocks, dragging on energy shares

NEW YORK: Oil prices tumbled on Tuesday, weighing down energy shares in the wake of a report of rising crude stocks, while the US dollar strengthened ahead of an expected Federal Reserve decision to raise interest rates.

Published 14 Mar, 2017 07:01pm

Energy

Oil hits three-month lows as inventories continue to rise

LONDON: Oil prices fell to three-month lows on Tuesday after OPEC reported that crude inventories in developed countries had risen above the five-year average in January despite production cuts by some of the world's largest exporters.

Published 14 Mar, 2017 01:50pm

Energy

OPEC flags headwinds for oil supply cut even as compliance rises

LONDON: OPEC said on Tuesday oil inventories had continued to rise despite a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in the effort to clear a glut.

Published 14 Mar, 2017 01:44pm

Energy

Shell updates Brent oil trading terms to add Troll to benchmark

LONDON: Royal Dutch Shell has updated the terms which govern Brent oil trade to allow for the addition of a fifth crude oil grade into the basket used to assess the global oil benchmark.

Published 13 Mar, 2017 06:49pm

Energy

Oil down again, dollar steady as pivotal week for markets gets underway

LONDON: Oil prices, down for a fifth straight day on Monday, were an outlier in a relatively calm start to an event-packed week for global markets as investors braced for a potential interest rate hike in the United States, a Dutch election and the first

Published 13 Mar, 2017 01:40pm

Energy

Russian oil major says US shale growth imperils OPEC deal

MOSCOW: A recovery in US oil output may deter OPEC and non-OPEC producers from extending production cuts beyond June and might lead to a new price war, Russia's top oil major said on Monday.

Published 13 Mar, 2017 01:36pm

Energy

Statoil scraps plan to build new head office after job cuts

OSLO: Norway's Statoil has ditched plans to build a futuristic-looking head office in Stavanger after cutting the size of its workforce by almost 3,000 in recent years, a spokesman for the oil and gas firm said on Friday.

Published 10 Mar, 2017 12:51pm

Energy

Oil edges off 3-month low but glut worries persist

LONDON: Oil prices recovered a little on Friday after dropping to their lowest in more than three months, pressured by heavy oversupply despite OPEC-led production cuts.

Published 10 Mar, 2017 12:41pm

Energy

Oil prices slide more, US crude below $50

NEW YORK: Oil prices slid nearly 3 percent on Thursday, extending the previous session's dive that brought prices to the lowest levels this year, as record US crude inventories fed doubts about whether OPEC-led supply cuts would reduce a global glut.

Published 09 Mar, 2017 07:33pm

Energy

US crude oil slumps below $50 after stocks build

LONDON: Oil prices fell more than 2 percent on Thursday, extending the biggest falls this year as record US crude inventories kept sentiment weak, pointing to a global glut despite supply cuts.

Published 09 Mar, 2017 01:20pm

Energy

Oil drops further below $56 on report of US inventory rise

LONDON: Oil dropped further below $56 a barrel on Wednesday after an industry report pointed to a large rise in crude inventories in the United States, renewing oversupply concerns despite OPEC output curbs.

Published 08 Mar, 2017 11:56am

Energy

Oil imports lift US trade deficit to near five-year high

WASHINGTON: The US trade deficit jumped to a near five-year high in January as rising oil prices helped to push up the import bill, pointing to slower economic growth in the first quarter and posing a challenge for the Trump administration.

Published 07 Mar, 2017 05:52pm

Energy

Oil prices entrenched in tight range; eyes on data

LONDON: Oil prices were little changed on Tuesday, trading in a tight range as rising U.

Published 07 Mar, 2017 10:51am

Energy

Oil slips on concerns over Chinese demand, Russian output

LONDON: Oil prices slipped on Monday, wiping out some of the previous session's gains, as lower growth targets in China and concerns over Russia's compliance with a global deal to cut oil output sparked renewed worries over a crude oil supply glut

Published 06 Mar, 2017 01:21pm

Energy

Oil edges higher on weaker dollar after sell-off

LONDON: Oil prices rose on Friday, recouping some of the previous session's losses, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output.

Published 03 Mar, 2017 03:24pm

Energy

Moscow oil refinery halts CDU-3 unit until mid-April

MOSCOW: Moscow oil refinery, controlled by Gazprom Neft, has shut its Crude Distillation Unit-3 for an unplanned maintenance, completely halting production of oil products umtill mid-April, industry sources told Reuters on Friday.

Published 03 Mar, 2017 12:18pm

Energy

Oil down on record US crude stocks, flat Russian output

LONDON: Oil prices fell on Thursday after US crude stocks hit an all-time high and official data showed Russian oil production unchanged in February, with no further cuts to tighten the market and drain global oversupply.

Published 02 Mar, 2017 01:29pm

Energy

Russia's Novak says talk of global oil output cuts extension premature

SOCHI: It is too soon to say if a global deal on oil output cuts will be extended later this year, but the current agreement envisages such a possibility, Russian Energy Minister Alexander Novak told Reuters in an interview.

Published 02 Mar, 2017 12:41pm

Energy

Oil gains as bullish bets on rising prices hit record high

LONDON: Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in U.

Published 27 Feb, 2017 02:43pm

Energy

Spain's Repsol back in the black on higher oil

MADRID: Spain's energy giant Repsol swung back to profit last year as oil prices recovered at the end of 2016.

Published 23 Feb, 2017 03:12pm

Energy

West Africa Crude-Trade thin with focus on industry event in London

LONDON: Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap after OPEC-led production cuts announced late last year.

Published 22 Feb, 2017 07:28pm

Energy

Oil drops on worries of swelling US stockpiles

NEW YORK: Oil prices fell about 1.

Published 22 Feb, 2017 07:26pm

Energy

Oil slips on dollar strength but cushioned by OPEC optimism

LONDON: Global oil prices slipped on Wednesday as the US dollar, in which payments for crude are made, rose but they traded broadly at multi-week highs after OPEC signalled optimism over its deal with other producers to curb output.

Published 22 Feb, 2017 01:36pm

Energy

Oil up 2pc as OPEC chief sees higher compliance with cuts

NEW YORK: Oil prices rose about 2 percent to near three-week highs on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher as it expects other producers join its efforts to curb

Published 21 Feb, 2017 05:27pm

Energy

Oil rises as OPEC aims for deeper output cuts

LONDON: Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher.

Published 21 Feb, 2017 03:56pm

Energy

Oil rises, but swelling US output caps rally

NEW YORK: Oil prices inched higher on Monday, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained rally, although growing US output and stubbornly high stockpiles kept price gains in check.

Published 20 Feb, 2017 07:52pm

Energy

Oil rises, but faces prospect of growing US output

LONDON: Oil prices rose on Monday but gains were limited as investors gauged whether an increase in US drilling rigs and record stockpiles might offset the existing push by producers to cut output and bring the market into balance.

Published 20 Feb, 2017 02:08pm

Energy

Oil prices drop as oversupply concerns overshadow OPEC cuts

NEW YORK: Oil prices slipped on Friday, retreating from the previous day's gains under pressure from a stronger dollar and rising US shale oil output, but losses were limited by expectations that producing countries will eventually cut enough output t

Published 17 Feb, 2017 05:05pm

Energy

Oil rises after news OPEC could extend output cuts

LONDON: Oil prices rose on Thursday after OPEC sources said the group could extend its oil supply-reduction pact with non-members and might even apply deeper cuts if global crude inventories failed to drop to a targeted level.

Published 16 Feb, 2017 02:32pm

Energy

Oil reverses course and pulls back after brief rally

NEW YORK: Oil turned negative Wednesday, as falling gasoline futures weighed down crude prices on concerns that oversupply in the U.

Published 15 Feb, 2017 05:24pm

Energy

Oil slips further below $56, US inventory report awaited

LONDON: Oil slipped further below $56 a barrel on Wednesday as an industry report showing a large rise in US crude inventories signalled ample supply, even as OPEC achieves record compliance with its supply-cut accord.

Published 15 Feb, 2017 03:15pm

Energy

Oil pares gains as US supply concerns overshadow OPEC cuts

NEW YORK: Oil pared gains on Tuesday as concerns about rising supply from US shale output overshadowed an OPEC-led effort to cut global output, which has supported oil prices in a higher range.

Published 14 Feb, 2017 07:28pm

Energy

Europe Gasoline/Naphtha-Cracks Weaken but hold near three-month high

LONDON: Gasoline refining margins slightly declined on Tuesday but held near three-month highs due to strong demand in Asia and the Middle East and refinery outages in the region.

Published 14 Feb, 2017 07:27pm

Energy

Oil rises as OPEC-led output cuts trim oversupply

LONDON: Oil strengthened slightly on Tuesday, supported by an OPEC-led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year.

Published 14 Feb, 2017 01:24pm

Energy

OPEC reports big Saudi oil cut, boosting compliance with deal

LONDON/KHOBAR: Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group's supply-reduction deal to a record high of more than 90 percent.

Published 13 Feb, 2017 05:28pm

Energy

Med Crude-Urals diffs unchanged, exports from Baltic See ports on Mar.1-6 seen flat m/m

MOSCOW: Urals crude differentials to dated Brent in northwest Europe and the Mediterranean were stable on Monday, while Russia's preliminary export schedule for March 1-6 showed steady export flows from Primorsk and Ust-Luga.

Published 13 Feb, 2017 05:13pm

Energy

Oil prices fall on bloated US fuel inventories, stalling China demand

LONDON: Oil prices slid on Wednesday to extend falls from the previous session, as a big increase in US crude inventories and a slump in Chinese demand implied that global oil markets remain oversupplied despite OPEC-led efforts to cut output.

Published 08 Feb, 2017 03:08pm

Energy

Oil steadies as Iran and OPEC offset by US drilling rebound

LONDON: Oil steadied near $57 barrel on Monday as OPEC supply cuts and rising tensions between the United States and Iran were countered by ample inventories and signs that higher prices will revive US output.

Published 06 Feb, 2017 01:51pm

Energy

Shell looking to sell stake in Danish venture

LONDON: Royal Dutch Shell is seeking to sell its stake in the Danish Underground Consortium (DUC), an offshore oil and gas joint venture, in what would mark the company's effective exit from Denmark, three banking sources said.

Published 06 Feb, 2017 01:46pm

Energy

Shell outstrips Exxon on profit, cashflow seen signalling revival

LONDON: Shell made more money than Exxon Mobil in the second half of 2016, despite the Anglo-Dutch oil major's annual profit hitting its lowest level in more than a decade as it grappled with a deep downturn.

Published 02 Feb, 2017 04:03pm

Energy

Oil up as OPEC cuts outweigh rise in US stocks

LONDON: Oil prices rose on Thursday as evidence that OPEC and other big exporters were cutting production outweighed a sharp rise in US crude and gasoline stockpiles.

Published 02 Feb, 2017 03:51pm

Energy

Oil pares gains on bigger-than-expected US crude build

NEW YORK: Oil pared gains on Wednesday after weekly US supply data suggested a crude glut may persist, despite signs that Russia and OPEC producers are delivering on promised supply reductions.

Published 01 Feb, 2017 05:59pm

Energy

OPEC cut extension could hurt Saudi plan to balance market

ANTWERP: An extension of OPEC oil production cuts could push oil prices too high to meet Saudi Arabia and others' objective of balancing the market without encouraging US shale output, Gunvor's head of oil market research said on Wednesday.

Published 01 Feb, 2017 01:12pm

Energy

Oil prices rise as OPEC cuts output as promised

LONDON: Oil prices rose on Tuesday after news OPEC oil production has fallen by more than 1 million bpd this month, pointing to a strong start by the exporter group in implementing its first supply cut deal in eight years.

Published 31 Jan, 2017 05:15pm

Energy

Oil slips as US drilling recovery weakens deal to cut output

LONDON: Oil prices fell on Monday as news of another weekly increase in US drilling activity spread concern over rising output just as many of the world's oil producers are trying to comply with a deal to pump less to try to prop up prices.

Published 30 Jan, 2017 04:40pm

Energy

North Sea Crude-Brent and Forties strengthen, March programmes due

LONDON: North Sea Forties and Brent crude differentials firmed further on Friday, supported by stronger bids, while Ekofisk weakened slightly.

Published 27 Jan, 2017 05:46pm

Energy

Oil up 2pc on stock market, but US supply caps gains

LONDON/NEW YORK: Oil prices were driven 2 percent higher by an ongoing rally in the US stock market on Thursday, although gains were capped by plentiful supplies and bulging inventories in spite of efforts by producers to cut output.

Published 26 Jan, 2017 05:10pm

Energy

Rosneft offers Urals, CPC Blend in tender for April-Sept loading

MOSCOW: Russia's Rosneft issued a tender on Wednesday to sell between 2.

Published 25 Jan, 2017 01:56pm

Energy

Europe Distillates-Diesel cracks edge higher, but heavy stocks loom

LONDON: Diesel refining margins in northwest Europe edged slightly higher on Tuesday, but large stocks in the ARA hub due to limited barge movement into inland locations capped margins.

Published 24 Jan, 2017 06:08pm

Energy

Russia's Gazprom says 2016 European market share at 34pc

MOSCOW: Russian gas firm Gazprom's market share in Europe in 2016 rose to 34 percent, Interfax new agency cited Chief Executive Alexei Miller as saying on Friday.

Published 20 Jan, 2017 01:33pm

Energy

Oil rallies from 1-week low as IEA sees tighter market

LONDON: Oil prices recovered from a one-week low on Thursday as the International Energy Agency said oil markets were tightening even before cuts agreed by OPEC and other producers took effect.

Published 19 Jan, 2017 05:01pm

Energy

OPEC output cuts under scrutiny as market tightens

LONDON: World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by OPEC and other producers will be implemented as promised, the International Energy Agency (IEA) said on Thursday.

Published 19 Jan, 2017 04:44pm

Energy

Global oil, gas discoveries drop to 70-year low

LONDON: Oil and gas discoveries around the world dropped last year to their lowest since the 1940s after companies sharply cut back in their search for new resources amid falling oil prices.

Published 18 Jan, 2017 03:54pm

Energy

Oil price slides on prospect of rising US production

LONDON: Oil prices fell on Wednesday on expectations that US producers would boost output, just as OPEC signalled that a global supply-reduction deal will shrink the oil glut this year.

Published 18 Jan, 2017 03:36pm

Energy

OPEC sees smaller oil glut in 2017 but flags US shale recovery

LONDON: OPEC signalled a falling oil supply surplus in 2017 on Wednesday as the exporter group's output slips from a record high ahead of a deal to cut supply and outside producers show positive initial signs of complying with the accord.

Published 18 Jan, 2017 03:35pm

Energy

Oil edges up on weak U.S. dollar, Saudi OPEC compliance talk

NEW YORK: Oil prices edged higher on Tuesday propped up by a decline in the U.

Published 17 Jan, 2017 08:43pm

Energy

U.S. shale output set to rise in February as prices rise

NEW YORK: U.

Published 17 Jan, 2017 08:41pm

Energy

Oil steady; record high Russian output forecast offsets weak dollar

NEW YORK: Oil prices were little changed on Tuesday as forecasts for record production out of Russia in 2017 helped offset earlier gains related to a decline in the U.

Published 17 Jan, 2017 05:10pm

Energy

Oil up on Saudi commitment to cut; US output seen rising

CALGARY: Oil prices settled up on Monday, as Saudi Arabia's commitments to reducing production offset a report forecasting US output would again rise this year.

Published 16 Jan, 2017 08:26pm

Energy

Oil prices under pressure on doubts over output cuts

LONDON: Oil prices were under pressure on Monday due to doubts that large oil producers will reduce production as promised and on expectations that US production would increase again this year.

Published 16 Jan, 2017 07:57pm

Energy

Oil prices slip on doubts over output cuts

LONDON: Oil prices slipped on Monday, pressured by doubts that large oil producers will reduce production as promised and on expectations that US production would increase again this year.

Published 16 Jan, 2017 07:56pm

Europe Energy

China's crude oil juggernaut to roll on, but more slowly: Russell

LAUNCESTON: There is little doubt China's crude oil imports enjoyed a robust 2016, hitting a record high.

Published 16 Jan, 2017 07:50pm

Energy

Higher oil prices to help Russia avoid using up Reserve Fund

MOSCOW: The recovery in oil prices this year may help Russia's finance ministry avoid spending all of its Reserve Fund in 2017, Finance Minister Anton Siluanov said on Friday.

Published 13 Jan, 2017 01:24pm

Energy

Low LNG deliveries in southern France tighten supply

PARIS: French gas grid operator GRTgaz said on Friday that low liquefied natural gas (LNG) deliveries to the Fos-sur-Mer terminal in the south of the country had led to a tight supply situation and heavy withdrawals from saline storages to meet winter dem

Published 13 Jan, 2017 01:01pm

Energy

Oil set for weekly fall on doubts over extent of OPEC cuts

LONDON: Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009.

Published 13 Jan, 2017 12:57pm

Energy

Oil rises about 2pc on supply cuts, record China demand forecast

LONDON/NEW YORK: Oil prices rose nearly 2 percent on Thursday on news that key crude exporters, including Saudi Arabia and Russia, were cutting production as promised in a deal to reduce a global glut and on forecasts of record demand in China.

Published 12 Jan, 2017 07:09pm

Energy

Oil price forecasts for 2017, 2018 rise as downside risks fall

LONDON: Energy professionals have become less bearish about the outlook for oil prices in 2017 and 2018 as downside risks have fallen, an annual survey by Reuters shows.

Published 12 Jan, 2017 04:57pm

Energy

Oil rises as Saudi tells Asian customers of output cuts

LONDON: Oil prices rose for the first time in three days on Wednesday, following news of Saudi supply cuts to Asia, but persistent doubt over output reductions and signs of rising shipments from other producers kept gains in check.

Published 11 Jan, 2017 11:51am

Energy

Oil steady after recent fall as weaker dollar boosts prices

LONDON: Oil prices steadied on Tuesday after a sharp sell-off as a fall in the dollar triggered a bout of short-covering, but analysts said the market looked vulnerable to further declines.

Published 10 Jan, 2017 03:40pm

Energy

Statoil stops Sikorsky S-92 helicopter flights, leaving offshore workers stranded

OSLO/LONDON: Norway's Statoil has stopped all flights of its Sikorsky S-92 helicopters for safety checks, leaving oil workers stranded on offshore platforms for at least a couple of days, the company said on Tuesday.

Published 10 Jan, 2017 03:38pm

Energy

Oil prices steady after recent falls on weaker dollar

LONDON: Oil prices stabilised on Tuesday after a sharp sell-off as a fall in the dollar triggered a bout of short-covering, but analysts said the market remained vulnerable to further falls.

Published 10 Jan, 2017 01:48pm

Energy

Oil down 3pc on concerns over rising Iraqi exports, US output

NEW YORK: Oil prices tumbled by 3 percent on Monday on concern that record Iraqi crude exports and rising US output would undermine OPEC's efforts to curb global oversupply.

Published 09 Jan, 2017 06:45pm

Energy

W. Africa Crude-BPCL takes Nigerian, China snaps up Angolan

LONDON: Chinese demand for Angolan crude continued apace, and another Indian refiner booked Nigerian oil via a tender, but other spot trading was relatively quiet.

Published 09 Jan, 2017 06:29pm

Energy

Oil prices edge up on OPEC hopes, but doubts linger

LONDON: Oil prices edged higher by mid-morning on Friday as signs of output cuts by OPEC members met with lingering concern that other producers could try to shirk their share of planned decreases aimed at curbing global oversupply.

Published 06 Jan, 2017 02:02pm

Energy

West African oil loading for Asia to slip in January

LONDON: West African crude loading for Asia is expected to slide more than 10 percent in January as some buyers opt for regional grades or cargoes in floating storage, a Reuters survey of traders and shipping data showed on Thursday.

Published 05 Jan, 2017 06:08pm

Energy

Oil prices fall on big build in US gasoline, distillate stocks

NEW YORK: Oil prices slipped on Thursday after a surprisingly large increase in US inventories of gasoline and distillates, slamming the brakes on an early rally on news that Saudi Arabia had started talks with customers about reducing crude sales.

Published 05 Jan, 2017 05:38pm

Energy

Oil turns negative on strong dollar after hitting 18-mth highs

NEW YORK: Oil prices turned negative after earlier hitting 18-month highs on Tuesday, the first trading day of 2017, as the U.

Published 03 Jan, 2017 05:59pm

Energy

Europe Gasoline/Naphtha-Gasoline margins jump as crude prices dive

LONDON: European gasoline margins rose sharply above $10 a barrel on Tuesday as ICE Brent crude futures sank by over 2 percent on a strong dollar.

Published 03 Jan, 2017 05:55pm

Energy

US crude output jumps 232,000 bpd to 8.81m bpd in Oct

NEW YORK: US crude oil output rose 232,000 barrels per day in October to 8.

Published 30 Dec, 2016 05:22pm

Energy

Oil prices steady as rise in US inventory slows upswing

LONDON: Oil prices steadied on Thursday after a surprise increase in US inventories helped stall an upward trend that has pushed global crude benchmarks to their highest levels since July last year.

Published 29 Dec, 2016 01:22pm

Energy

Mexico gasoline prices to rise as much as 20.1pc in Jan

MEXICO CITY: Mexican gasoline prices will rise by as much as 20.

Published 27 Dec, 2016 06:17pm

Energy

Oil edges further above $55 ahead of supply cut deal

LONDON: Oil edged further above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday.

Published 27 Dec, 2016 01:53pm

Energy

Oil slips below $55 as dollar, Libyan production boost weigh

LONDON: Oil slipped below $55 a barrel on Friday as a stronger US dollar weighed on commodities and as higher Libyan output threatened to counter some of the supply cuts planned by OPEC and other producers.

Published 23 Dec, 2016 02:03pm

Energy

Statoil says Sture oil terminal accident nearly killed staff

OSLO: An accident in October at Statoil's Sture oil export terminal on the west coast of Norway, was highly serious and almost resulted in fatalities, the company said in a report on Wednesday.

Published 21 Dec, 2016 08:00pm

Energy

Oil prices lifted by expected fall in US inventories

LONDON: Oil rose on Wednesday, driven by expectations for a decline in US crude inventories and bringing price gains for December to 10 percent, which would be the strongest performance in the final month of the year in six years.

Published 21 Dec, 2016 07:40pm

Energy

Mexico fuel prices to begin gradual liberalization at end March

MEXICO CITY: A staggered fuel price liberalization in Mexico will begin at the end of March, the head of the country's energy regulatory commission (CRE) said on Wednesday.

Published 21 Dec, 2016 07:36pm

Energy

ExxonMobil, ENI, Total to negotiate Cyprus gas exploration

NICOSIA: US giant ExxonMobil with Qatar Petroleum, Italy's ENI and France's Total have been selected to negotiate a licence to explore offshore Cyprus oil and gas, officials said Wednesday.

Published 21 Dec, 2016 07:28pm

Energy

Brent curve signals oil tanks will start emptying in second half of 2017: Kemp

LONDON: OPEC and non-OPEC oil producers have agreed to reduce their combined output by more than 1.

Published 21 Dec, 2016 07:06pm

Energy

Brent crude speculators raise bullish holdings to record high

LONDON: Speculators raised their holdings of Brent crude oil futures to a new record high last week, inspired by the first deal in 15 agreed by non-OPEC producers to join output cuts of the Organization of the Petroleum Exporting Countries.

Published 19 Dec, 2016 08:20pm

Energy

Oil price eases to $55 per barrel on stronger dollar

LONDON: Oil prices edged down on Monday due to a renewed dollar rally but were still supported at levels of around $55 per barrel on the back of delays in new Libyan oil exports and expectations of tighter supplies going into 2017.

Published 19 Dec, 2016 07:42pm

Energy

OPEC convinces hedge fund managers but must now deliver promised cuts: Kemp

LONDON: Hedge funds have amassed a record bullish position in crude oil in anticipation OPEC and non-OPEC oil producers will succeed in rebalancing the market and reducing excess stocks next year.

Published 19 Dec, 2016 07:41pm

Energy

Europe Gasoline/Naphtha-Gasoline margins edge off two-week lows

LONDON: Gasoline refining margins edged up from two-week lows on Monday, aided by a softer crude price and a pickup in exports.

Published 19 Dec, 2016 06:50pm

Energy

North Sea Crude-Forties bid near three-month highs, more VLCCs booked for Asia

LONDON: North Sea crude differentials rose on Monday, as a lingering surplus of barrels appeared to be gradually dissipating and as BP bid Forties up to near three-month highs.

Published 19 Dec, 2016 06:39pm

Energy

Russia's Gazprom sees 2016 exports at 180bn cubic metres

MOSCOW: Russian state gas company Gazprom will export 180 billion cubic metres of gas to countries outside the former Soviet Union in 2016, its chief executive Alexei Miller said on Monday.

Published 19 Dec, 2016 01:50pm

Energy

Russia's Gazprom says exports to Europe, Turkey up 11.9pc

MOSCOW: Gazprom exported 170 billion cubic metres of natural gas to Europe and Turkey between Jan.

Published 17 Dec, 2016 02:08pm

Energy

GLOBAL LNG-Cold snaps, Australian outage spur spot price to two-year high

MILAN: Asian spot liquefied natural gas (LNG) prices hit new 2016 highs this week as Japanese utilities braving cold weather snapped up shipments in a Russian tender, potentially to substitute lost Australian deliveries.

Published 16 Dec, 2016 08:13pm

Energy

Oil up $1 a barrel on signs producers to comply with cuts

NEW YORK: Oil rose on Friday, edging closer to new 17-month highs, as producers showed signs of adhering to a global deal to reduce output.

Published 16 Dec, 2016 04:52pm

Energy

Total cuts scrip dividend discount on improved outlook

PARIS: French oil and gas company Total on Friday cut the discount offered for its shares in a scrip dividend scheme for the second quarter to 5 percent from 10 percent citing improved confidence in its outlook and rising oil prices.

Published 16 Dec, 2016 01:49pm

Energy

Nigeria, set to benefit most from OPEC cut, struggles to cash in

LONDON: Nigeria, one of two OPEC countries completely shielded from any cuts to its oil production, was in line for a windfall from the group's agreement late last month to shore up the price of crude.

Published 16 Dec, 2016 01:46pm

Energy

Oil declines on selling spree, signs of output compliance cap loss

LONDON: Oil edged lower on Friday as some traders locked in recent gains by selling out of long positions, but prices remained close to 14-month highs as producers showed signs of adhering to a global supply cut.

Published 16 Dec, 2016 01:34pm

Energy

Med Crude-Urals differentials soften in northwest Europe

MOSCOW: Urals discounts to dated Brent widened further in northwest Europe on Wednesday partly in response to additional supplies being added to the December loading plan from Baltic ports.

Updated 19 Apr, 2017 12:25pm

Energy

Oil prices fall on rising US crude stocks, 2017 overhang

LONDON: Oil prices fell on Wednesday following a reported rise in US crude inventories and as OPEC signalled a growing crude surplus next year unless production cuts are implemented.

Published 14 Dec, 2016 08:50pm

Energy

OPEC signals larger 2017 oil surplus, unless cuts implemented

LONDON: OPEC on Wednesday signalled a growing oil supply surplus next year unless members implement their deal to curb output from record levels and outside producers also deliver on cutback pledges made at the weekend.

Published 14 Dec, 2016 08:50pm

Energy

Poland's PKN says buys 1mn oil barrels from Iran

WARSAW: Poland's biggest oil refiner PKN Orlen said on Wednesday it bought 1 million barrels of Iranian Light oil from National Iranian Oil Company (NIOC).

Published 14 Dec, 2016 08:48pm

Energy

West Africa Crude-Overhang lingers with new programmes due to emerge

LONDON: Around 35-40 cargoes of Nigerian crude remained in January and around a dozen Angolan cargoes.

Published 14 Dec, 2016 08:16pm

Energy

Oil prices edge off earlier gains, awaiting supply figures

NEW YORK: Oil prices edged off earlier gains to end Tuesday nearly unchanged, as the support from OPEC's plan to limit production were undercut by an energy watchdog's assessment of how much those nations are currently producing.

Published 13 Dec, 2016 09:13pm

Energy

OPEC chief hails Tillerson pick for secretary of state

WASHINGTON: The head of the Organization of Petroleum Exporting Countries on Tuesday hailed US President-elect Donald Trump's nomination of ExxonMobil CEO Rex Tillerson to be the next secretary of State.

Published 13 Dec, 2016 08:18pm

Energy

Eni clinches deal with Sonatrach on gas supply contract

MILAN: Italian oil and gas group Eni said on Tuesday it had reached an agreement with Algeria's Sonatrach over gas supplies for the gas year 2016-2017.

Published 13 Dec, 2016 07:42pm

Energy

Poland to merge coal miners PGG, KHW in Q1 2017

WARSAW: Poland plans to merge its two troubled coal mining companies - PGG and KHW in the first quarter of 2017, as part of its restructuring plan for the industry, deputy energy minister Grzegorz Tobiszowski said on Tuesday.

Published 13 Dec, 2016 07:35pm

Energy

Oil demand to grow more swiftly, too early to assess global output cut

LONDON: Global oil demand will rise more strongly than expected next year, although it is too soon to assess fully the impact of a joint cut in supply by the world's largest producers, the International Energy Agency said on Tuesday.

Published 13 Dec, 2016 07:31pm

Energy

Russia's Gazprom Neft, Iran's NIOC agree Iranian oil field studies

TEHRAN/MOSCOW/BEIRUT: Russian oil producer Gazprom Neft and National Iranian Oil Company (NIOC) agreed on Tuesday to conduct a study into the possible development of two oil fields in Iran, Russia's energy ministry Alexander Novak said.

Published 13 Dec, 2016 07:00pm

Energy

UK GAS-Prices rise as outages spur buying

LONDON: British wholesale gas prices rebounded on Tuesday afternoon after a series of outages were announced, which raised concerns about supply this week and prompted buying.

Published 13 Dec, 2016 06:47pm

Energy

Uruguay's ANCAP seeks gasoil cargo for January

HOUSTON: Uruguay's state-run oil company ANCAP has launched a tender to buy 20,000 cubic meters of gasoil for delivery Jan.

Published 13 Dec, 2016 06:43pm

Energy

US gasoline margins jump on report of Saint John refinery outage

NEW YORK: US gasoline margins jumped by more than 3 percent Tuesday morning on a report that Irving Oil had unexpectedly shut its gasoline-making unit its 300,000 barrel-per-day (bpd) Saint John refinery in New Brunswick, Canada, traders said.

Published 13 Dec, 2016 06:42pm

Energy

US STOCKS SNAPSHOT-S&P, Dow hit record highs; Fed meeting in focus

NEW YORK: Wall Street opened higher on Tuesday, with the Dow and the S&P 500 hitting fresh record highs, as investors focused on the Federal Reserve's two-day meeting where it is widely expected to raise rates for the second time since the financial c

Published 13 Dec, 2016 06:33pm

Energy

Russia signs Rosneft deal with Qatar, Glencore

MOSCOW: Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore to sell a 19.

Published 11 Dec, 2016 12:07pm

Energy

Saudi hits new oil output record in Nov amid OPEC cut talk

VIENNA: Saudi Arabia boosted its oil production to a new record high in November, amid talks over a global deal to cut production, defying market expectations of lower output on slower summer domestic demand and refinery maintenance.

Published 11 Dec, 2016 12:03pm

Energy

ExxonMobil CEO is Trump's top pick for secretary of state: reports

WASHINGTON: ExxonMobil President and CEO Rex Tillerson is President-elect Donald Trump's likely pick for secretary of state, US media reported Saturday, with some lawmakers quickly voicing concerns about his ties to Russian leader Vladimir Putin.

Published 11 Dec, 2016 11:01am

Energy

OPEC to push for non-member oil cuts

VIENNA: OPEC will seek Saturday to persuade other oil producers to lower production as part of a newly struck global pact to stem a crude glut and lift painfully low prices.

Published 10 Dec, 2016 07:17am

Energy

OPEC to push for non-member oil cuts

VIENNA: The OPEC cartel will seek Saturday to persuade other oil producers to lower production as part of a newly struck global pact to stem a crude glut and lift painfully low prices.

Published 09 Dec, 2016 05:50pm

Energy

Pimco cuts overweight position on emerging market equities

LONDON: PIMCO said on Thursday said it had cut its overweight position in emerging market equities on concerns over US trade policy under President-elect Donald Trump.

Published 08 Dec, 2016 03:24pm

Energy

Oil rallies over $50 despite OPEC output cut doubts

LONDON: Oil prices recovered above $50 a barrel on Thursday, bouncing back from the week's lows as the dollar weakened against major currencies.

Published 08 Dec, 2016 01:06pm

Energy

Russia, Iran agree to coordinate on oil and gas markets

MOSCOW: Russian President Vladimir Putin and his Iranian counterpart Hassan Rouhani agreed in a telephone call on Monday to coordinate steps on global oil and gas markets, the Kremlin said.

Published 28 Nov, 2016 07:59pm

Energy

North Sea Crude-Brent rises to highest since mid-Oct

LONDON: North Sea crude oil differentials edged higher on Monday, led by gains in Brent, which changed hands at its strongest in over a month after brisk trade in the daily trading window.

Published 28 Nov, 2016 07:58pm

Energy

Med Crude-Urals diffs rise on expected drop in Baltic loadings

MOSCOW: Urals crude differentials to dated Brent rose further on Monday in a spot tender, supported by healthy demand and limited supply of the grade in the second half of December, traders said.

Published 28 Nov, 2016 07:57pm

Energy

GLOBAL MARKETS-Oil rallies in choppy trade; dollar, stocks dip

NEW YORK: Crude futures rallied in choppy trading on Monday ahead of an OPEC meeting later in the week that could reap production cuts, while the US dollar recovered from earlier losses but was still slightly lower.

Published 28 Nov, 2016 07:53pm

Energy

Gazprom gets greater access to Germany's Opal gas pipeline

FRANKFURT: Germany's energy regulator and Gazprom have agreed terms of a deal giving the subsidiaries of the Russian group greater access to the Opal gas pipeline, which the European Union approved a month ago.

Published 28 Nov, 2016 07:51pm

Energy

Europe Distillates-Diesel cracks rise, but outlook weakens

LONDON: Diesel refining margins in northwest Europe rose on Monday amid volatile crude trading, but expected higher imports into the region weighed on the outlook.

Published 28 Nov, 2016 07:48pm

Energy

Venezuela 'optimistic' ahead of OPEC output cut talks

ALGIERS: Venezuelan Oil Minister Eulogio del Pino said Monday he was "optimistic" that an OPEC meeting this week in Vienna will reach agreement on oil production cuts to boost prices.

Published 28 Nov, 2016 07:04pm

Energy

Uncertainty ahead of crucial OPEC meeting

VIENNA: Mixed signals from OPEC ministers caused fresh volatility on oil markets Monday ahead of a meeting in Vienna meant to nail down a deal reducing the cartel's output by up to a million barrels per day.

Published 28 Nov, 2016 07:02pm

Energy

OPEC makes last-ditch bid to save oil deal as tensions grow

VIENNA: OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.

Published 28 Nov, 2016 04:03pm

Energy

Oil up in choppy trade as OPEC heavyweights head to Vienna

LONDON: Oil prices gained more than two percent on Monday in volatile trading after falling as much as two percent, recouping losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday.

Published 28 Nov, 2016 02:58pm

Energy

Oil slip sends dollar, bond yields skidding

LONDON: The dollar saw its biggest drop in almost a month on Monday as a bashing for oil prices on doubts about an OPEC output cut this week left investors reversing "Trumpflation" trades that have gripped markets since the U.

Published 28 Nov, 2016 10:19am

Energy

Oil prices gyrate as OPEC heavyweights head to Vienna

LONDON: Oil prices edged higher on Monday, after falling as much as 2 percent in early trading, as the market grappled over the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday aimed at reining in global oversupp

Published 28 Nov, 2016 10:18am

Energy

Russia poised to gain from oil production freeze

MOSCOW: With its oil output at record levels and state coffers running low, Russia has little to lose and much to gain from agreeing a deal with the OPEC cartel on limiting production.

Published 27 Nov, 2016 01:22pm

Energy

Eni agrees to sell 10pc stake in Egypt concession to BP

MILAN: Eni has agreed to sell a 10 percent stake in the Shorouk concession offshore Egypt to BP, the Italian oil and gas group said in a statement on Friday.

Published 25 Nov, 2016 08:14pm

Energy

North Sea Crude-Forties steady after gain this week

LONDON: North Sea Forties crude differentials ended the week unchanged on Friday, after climbing earlier this week on the prospect of higher exports of December-loading crude to Asia.

Published 25 Nov, 2016 08:11pm

Energy

West Africa Crude-Indian tender awarded, spot trade muted

LONDON: Leading OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limiting supply, OPEC sources said, because it wants to focus first on reaching consensus within the organisat

Published 25 Nov, 2016 08:11pm

Energy

Poland's JSW says expects coking coal prices to fall in 2017

KATOWICE: The chief executive at Poland's state-run JSW said on Friday that he expects coking coal prices to fall next year as new production capacity is launched globally.

Published 25 Nov, 2016 05:20pm

Energy

Oil down on strong dollar, OPEC uncertainty

LONDON: Oil prices slid on Friday, dragged by a strong dollar and uncertainty over whether OPEC will agree to cut production at the group's meeting next week, but benchmark contracts were on track to close the week with gains close to 4 percent.

Published 25 Nov, 2016 05:14pm

Energy

Norway approves hike in Troll's 2016 oil output

OSLO: Norway's oil and energy ministry has approved a hike in the 2016 oil output quota of the North Sea Troll field to 46.

Published 25 Nov, 2016 04:05pm

Energy

Russia's Rosneft head says company may pay out dividend in 2017

MOSCOW: Russian mid-sized oil company Rosneft may pay dividend in 2017, the company's chief executive officer Evgeny Tolochek said on Friday.

Published 25 Nov, 2016 02:03pm

Energy

Shell in talks over Gabon sale as seeks to hit divestment target

LONDON: Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of a $30 billion divestment plan following its purchase of BG Group, which was completed in February.

Published 25 Nov, 2016 02:00pm

Energy

European stocks firm as US breaks for Thanksgiving

LONDON: European stock markets drifted higher on Thursday in subdued trade with Wall Street closed for Thanksgiving.

Published 24 Nov, 2016 05:37pm

Energy

Libyan oil output recovers to 567,000 bpd after outage fixed

LONDON: Libya's oil production has risen by more than 40,000 barrels per day (bpd) to 567,000 bpd after repairs to power supplies to two oilfields, a senior Libyan oil source told Reuters on Thursday.

Published 24 Nov, 2016 03:19pm

Energy

Azerbaijan signals OPEC wants big cuts from non-OPEC producers

BAKU/DUBAI/MOSCOW: OPEC may ask oil producers outside the cartel to make big cuts in output, Azerbaijan said on Thursday, highlighting the challenges in striking a deal as the two sides enter the final stages of talks aimed at cutting production to stabil

Published 24 Nov, 2016 01:31pm

Energy

W. Africa Crude-CPC buys Angolan, traders buy Nigeria for tenders

LONDON: West African spot trading focused on Angola's January exports, but was limited again due to pending tenders.

Published 23 Nov, 2016 07:28pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks rise despite US inventory build

LONDON: Gasoline refining margins in northwest Europe rose slightly on Wednesday despite a larger than expected build in US inventories last week, as overseas demand supported.

Published 23 Nov, 2016 07:22pm

Energy

Med Crude-Urals differentials stable in northwest Europe

MOSCOW: Urals differentials remained stable in northwest Europe as Surgutneftegaz tender results proved the market was still firm despite slightly higher exports from Baltic ports planned for the first half of December.

Updated 19 Apr, 2017 12:28pm

Energy

Europe Distillates-Cracks slip from three-week highs, supplies still tight

LONDON: Diesel refining margins in northwest Europe slipped on Wednesday but were still close to three-week highs as rash of unplanned outages on the US Gulf Coast and maintenance in the Middle East kept supplies tight.

Published 23 Nov, 2016 07:09pm

Energy

North Sea Crude-Forties edges up as flows to Asia pick up; contango shrinks

LONDON: North Sea Forties crude differentials edged higher on Wednesday, boosted by the prospect of a pick-up in flows of oil to Asia, which helped to narrow the contango.

Published 23 Nov, 2016 07:05pm

Energy

Oil prices edge higher despite doubts on OPEC-led cuts

NEW YORK: Oil prices turned positive on Wednesday despite investor doubts that OPEC will agree to a production cut large enough to make a significant dent in the global glut of crude.

Published 23 Nov, 2016 07:04pm

Energy

Sonangol delays payments as it battles to reform

LONDON: Angola's state oil company Sonangol has amassed hundreds of millions of dollars in debts and deferred payments to oil majors and contractors while its new chief, Isabel dos Santos, attempts to reform its operations.

Published 23 Nov, 2016 03:17pm

Energy

Oil prices ease on doubts OPEC-led cut will end glut

LONDON: Oil prices edged lower on Wednesday on investors' doubts that OPEC would agree a large enough production cut to significantly reduce the global surplus when it meets next week.

Published 23 Nov, 2016 03:13pm

Energy

Oil prices capped by doubts OPEC-led cut will end glut

LONDON: Oil prices edged higher on Wednesday but gains were capped by investors' doubts that oil cartel OPEC would agree to a large enough production cut to significantly reduce the global surplus when it meets next week.

Published 23 Nov, 2016 12:07pm

Energy

Oil prices little changed after early gains on OPEC deal hopes

NEW YORK: Oil prices were little changed on Tuesday after earlier rising to their highest levels this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and strike a deal to reduce crude output.

Published 22 Nov, 2016 05:38pm

Energy

Oil prices rise to highest this month on hopes of OPEC deal

LONDON: Oil prices rose on Tuesday to their highest this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and scepticism to strike a deal that materially reduces crude output.

Published 22 Nov, 2016 01:45pm

Energy

Oil set for first weekly gain in five on OPEC deal optimism

LONDON: Brent crude oil prices were headed for their first weekly gain in five on Friday buoyed by renewed hopes that OPEC might agree production cuts, but a stronger US dollar capped gains.

Published 18 Nov, 2016 02:06pm

Energy

Oil rises on optimism over OPEC deal; stronger dollar caps gains

NEW YORK: Oil prices rose on Thursday, with US crude briefly rising as much as $1 a barrel, as expectations of an OPEC deal to limit production outweighed oversupply concerns, but a rallying dollar capped gains.

Published 17 Nov, 2016 05:14pm

Energy

Shell's North Sea oil trading draws spotlight again this year

LONDON: Royal Dutch Shell has snapped up a large volume of North Sea oil that helps set the global Brent benchmark, trade sources said, the second time this year that its trading activities have attracted the glare of the spotlight.

Published 17 Nov, 2016 02:55pm

Energy

Oil prices rise on Saudi optimism over OPEC deal

LONDON: Oil prices rose on Thursday as expectations of an OPEC deal to limit production outweighed evidence of global oversupply and rising inventories, particularly in the United States.

Published 17 Nov, 2016 01:59pm

Energy

Oil falls on higher US crude inventories, strong dollar

LONDON: Oil prices fell on Wednesday, returning some of the gains made in one of the year's biggest rallies a day earlier, after weekly US crude stocks rose beyond expectations and a strong dollar weighed on commodities.

Published 16 Nov, 2016 06:20pm

Energy

Oil edges lower on higher US crude inventories, strong dollar

NEW YORK: Oil prices edged lower on Wednesday before the US releases its weekly petroleum inventory report after an industry group said weekly US crude stockpiles rose beyond expectations and a strong dollar weighed on commodities.

Published 16 Nov, 2016 03:31pm

Energy

Oil declines after OPEC-inspired rally as US inventories rise

LONDON: Oil prices fell on Wednesday, returning some of the gains made in one of the year's biggest rallies a day earlier, after industry data showed US crude stocks rose beyond expectations last week to add to an oversupplied market.

Published 16 Nov, 2016 10:35am

Energy

Oil prices soar on renewed hopes of OPEC output deal

NEW YORK: Oil prices jumped 4 percent on Tuesday, bouncing back from multi-month lows on expectations that OPEC will agree later this month to cut production to reduce a supply glut.

Published 15 Nov, 2016 07:23pm

Energy

Oil prices up 2 percent on hopes of OPEC output cut

LONDON: Oil prices rose around 2 percent on Tuesday, bouncing back from multi-month lows on optimism that OPEC will agree later this month to cut production to reduce a supply glut.

Published 15 Nov, 2016 10:43am

Energy

Oil pinned near three-month lows as gloom grows over OPEC

LONDON: Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output.

Published 14 Nov, 2016 06:05pm

Energy

Russia's Gazprom cuts 2016 gas output plan to all-time low

MOSCOW: Russian gas giant Gazprom has cut its 2016 natural gas output plan to an all-time low of 409.

Published 14 Nov, 2016 02:50pm

Energy

Oil pinned near three-month lows as gloom grows over OPEC

LONDON: Oil held steady around three-month lows on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output.

Published 14 Nov, 2016 11:03am

Energy

Oil prices dip on persistent fuel supply overhang

LONDON: Oil prices dipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to

Published 11 Nov, 2016 01:29pm

Energy

OPEC points to even bigger 2017 oil surplus as its output jumps

LONDON: OPEC on Friday reported an increase in its oil production in October to another record high despite its plan to

Published 11 Nov, 2016 11:31am

Energy

West Africa Crude-Asian fuel oil demand boosts Angolan

LONDON: Trading in Nigerian grades was muted while heavy Angolan grades were nearly sold out on the back of stronger fue

Published 10 Nov, 2016 05:49pm

Energy

Europe Gasoline/Naphtha-Cracks slip, trace gasoline prices amid oversupply

LONDON: Gasoline refining margins in northwest Europe slipped on Thursday, tracing lower gasoline prices as markets refo

Published 10 Nov, 2016 05:32pm

Energy

IEA sees global market awash with oil in 2017 if no OPEC cut

LONDON: The oil market surplus may run into a third year in 2017 without an output cut from OPEC, while escalating produ

Published 10 Nov, 2016 01:12pm

Energy

Oil prices steady as markets recover from Trump shock

LONDON: Oil prices steadied on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Tru

Published 10 Nov, 2016 10:56am

Energy

Oil slips below $46 as Trump win sends markets into risk-off mode

LONDON: Oil fell below $46 a barrel on Wednesday as Donald Trump's surprise victory in the U.S. presidential electio

Published 09 Nov, 2016 11:00am

Energy

Total signs first post-sanctions Western energy deal with Iran

PARIS: France's Total has signed a deal with Iran to further develop its part of the world's largest gas field,

Published 08 Nov, 2016 03:55pm

Energy

UK GAS-Prices climb on lower temperatures, declining wind output

LONDON: British wholesale gas prices climbed on Monday morning, boosted by increased demand due to colder weather and fa

Published 07 Nov, 2016 12:41pm

Energy

Oil prices bounce as OPEC promises a cut is on the cards

LONDON: Oil rose more than 1 percent on Monday, boosted by a commitment from OPEC to stick to a deal to cut output, but

Published 07 Nov, 2016 10:13am

Energy

GLOBAL LNG-Price gains face ceiling as new supply emerges

MILAN: Asian spot liquefied natural gas (LNG) prices rose this week on the back of rallying gas benchmarks in Europe and

Published 04 Nov, 2016 04:36pm

Energy

Oil and gas majors invest $1 billion in low-emission tech

LONDON: Ten global oil and gas companies on Friday announced they will invest £1 billion (900 million euros) in low-carb

Published 04 Nov, 2016 03:48pm

Energy

Oil majors pledge $1 bln for technologies to fight climate change

LONDON: Some of the world's biggest oil companies, including Saudi Aramco and Royal Dutch Shell, pledged on Friday t

Published 04 Nov, 2016 02:18pm

Energy

Oil set for sixth straight day of declines

LONDON: Oil futures were on course for their sixth straight day of falls on Friday as signs of tensions resurfaced betwe

Published 04 Nov, 2016 01:31pm

Energy

Top oil firms pledge $1bn over 10 years in climate push

OSLO: Top oil companies including Saudi Aramco, Shell and Statoil will invest $1 billion over the next decade to develop

Published 04 Nov, 2016 10:40am

Energy

Oil prices find floor after falls on supply glut woes

LONDON: Crude oil futures edged up on Thursday, supported by news of an attack on a Nigerian oil pipeline and a weaker U

Published 03 Nov, 2016 10:50am

Energy

Med Crude-Urals prices unchanged, seaborne exports may rise in Nov

MOSCOW: Urals prices in northwest Europe and the Mediterranean were stable on Wednesday, while buyers and sellers of the

Published 02 Nov, 2016 08:15pm

Energy

Gazprom sceptical on EU role in Ukraine row, Opal gas pipeline access

MOSCOW: Russia's Gazprom on Wednesday played down the EU's decision to ease access to the Opal gas pipeline, cru

Published 02 Nov, 2016 08:05pm

Energy

Oil extends losses after report shows surprise US stocks build

LONDON: Crude oil prices fell for a fourth day on Wednesday as jittery investors awaited official US stockpile figures l

Published 02 Nov, 2016 05:07pm

Energy

Statoil says sizeable oil finds in North Sea still possible

STAVANGER: Norway's Statoil believes sizeable oil finds can still be made in the North Sea even though the area has

Published 02 Nov, 2016 05:01pm

Energy

Oil shipments from Georgia's Batumi port down 8pc in Jan-Oct

TBILISI: Shipments of crude and refined oil products from Georgia's Black Sea port of Batumi fell 8.4 percent year-o

Published 02 Nov, 2016 04:45pm

Energy

Spain's Gas Natural seeks Colombia's help to chase unpaid bills

MADRID: Spanish energy company Gas Natural has asked for talks with the Colombian government on a new legal framework to

Published 02 Nov, 2016 04:14pm

Energy

Rosneft may sign deal to sell stake in Verkhnechonskneftegaz to Beijing Enterprises

MOSCOW: Russia's Rosneft might sign an agreement next week to sell a 20 percent stake in Verkhnechonskneftegaz, a su

Published 02 Nov, 2016 03:52pm

Energy

OPEC, non-oil cartel members discuss production cuts

VIENNA: OPEC officials held talks with Russia and other non-cartel members Saturday in Vienna to debate how to implement

Published 29 Oct, 2016 02:48pm

Energy

Russia sees oil output slightly up in 2017-18

MOSCOW: Russia expects to increase its oil output by 0.7 percent next year and a further 0.9 percent in 2018, the draft

Updated 25 May, 2017 10:26am

Energy

West Africa Crude-Sonangol sells out, but Nigerian trade slow

LONDON: Oil prices edged lower on Friday, on track for their biggest weekly loss in six weeks, on doubts about OPEC'

Published 28 Oct, 2016 04:41pm

Energy

Russia's Rosneft cancels Lukoil's oil purchase deal with Bashneft

MOSCOW: Russia's largest oil producer Rosneft said on Thursday it had asked peer Lukoil to cancel a crude oil purcha

Published 27 Oct, 2016 09:24pm

Energy

Oil rises above $50 on OPEC cut comments

LONDON: Oil edged above $50 a barrel on Thursday, drawing support from sources' comments that OPEC's Gulf member

Published 27 Oct, 2016 05:52pm

Energy

ARA gasoil stocks fall to lowest since June 2015

LONDON: Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp oil hub fell by 3.4 percent to their lowest

Published 27 Oct, 2016 05:13pm

Energy

Statoil further cuts investments amid drop in oil price

OSLO: The Norwegian oil giant Statoil announced on Thursday a deeper cut to its investments this year after a third-quar

Published 27 Oct, 2016 01:42pm

Energy

Oil price declines weigh on European markets

LONDON: European shares fell on Wednesday maintaining a gloomy trend set in Asia and the United States, and with concern

Published 26 Oct, 2016 09:58am

Energy

Oil buckles as investors cast doubt on an OPEC output deal

LONDON: Oil fell for a third day on Wednesday, nearing $50 a barrel for the first time in three weeks, as investors grew

Published 26 Oct, 2016 09:56am

Energy

North Sea Crude-Forties eases further; ICE contango in focus

LONDON: Forties crude differentials fell to a new two-week low on Tuesday, under pressure from rising production levels

Published 25 Oct, 2016 08:28pm

Energy

Oil nudges down ahead of US data; OPEC jostling weighs

LONDON: Oil prices nudged down in late European trade on Tuesday, retreating from positive territory as traders digested

Published 25 Oct, 2016 02:26pm

Energy

West Africa Crude-China stocks, Nigeria to meet with militants

LONDON: Nigeria will hold a meeting with community leaders and representatives of militants from the Niger Delta next we

Published 24 Oct, 2016 08:20pm

Energy

North Sea Crude-Forties weakens as Buzzard returns online

LONDON: Forties crude differentials were offered at their weakest in two weeks on Monday as a major North Sea oilfield r

Published 24 Oct, 2016 08:18pm

Energy

Russia, Qatar, OPEC discuss possible action to shore up oil market

VIENNA: Energy ministers from Russia and Qatar along with OPEC's secretary general discussed possible joint action t

Published 24 Oct, 2016 08:16pm

Energy

Med Crude-Urals stable as November loading plan shows export fall

MOSCOW: Urals differentials were unchanged on Monday after the release of a preliminary loading schedule for November wh

Updated 19 Apr, 2017 12:31pm

Energy

Iraq offers oil fields under new contract terms

LONDON: Iraq's oil ministry has launched a new round of bidding to develop 12 small to medium-sized oil fields and w

Published 24 Oct, 2016 04:32pm

Energy

Oil prices fall as Iraq resists joining output cut

LONDON: Oil prices fell on Monday as Iraq said it wanted to be exempt from an OPEC deal to cut production, though losses

Published 24 Oct, 2016 04:28pm

Energy

Oil rekindles euro zone inflation expectations

LONDON: Oil prices have re-established their role as the key driver of market-based inflation expectations in the euro z

Published 24 Oct, 2016 04:27pm

Energy

Oil prices under pressure as Iraq resists joining output cut

LONDON: Oil prices came under pressure on Monday as Iraq said it wanted to be exempt from an OPEC deal to cut production

Published 24 Oct, 2016 10:08am

Energy

Oil rises on Russia's output freeze commitment

LONDON: Oil edged higher on Friday as Russia reiterated its commitment to joining a producers' output freeze to stem

Published 21 Oct, 2016 08:08pm

Energy

Brent spreads signpost long road to rebalancing: Kemp

LONDON: OPEC's agreement on an new production target has been followed by a bout of renewed optimism about the rebal

Published 21 Oct, 2016 06:16pm

Energy

Russia eyes record-high oil output, but sticks to 'freeze' option

UFA: Russia will produce 548 million tonnes (11 million barrels per day) of oil next year, a post-Soviet record, however

Published 21 Oct, 2016 08:23am

Energy

Rosneft tenders to sell up to 1.55mn t of naphtha and gasoline for Jan-Dec 2017

MOSCOW: Russia's state-owned oil major Rosneft announced tenders to sell up to 1.55 million tonnes of naphtha and ca

Published 20 Oct, 2016 05:02pm

Energy

Oil slips as profits taken from strong rally

LONDON: Oil prices fell on Thursday on profit-taking, after markets rallied the previous day on another unseasonal draw

Published 20 Oct, 2016 11:33am

Energy

Oil rises as Chinese output drops, US inventories shrink

LONDON: Oil rose by around 1 percent on Wednesday, boosted by evidence of declining production in China and falling US i

Published 19 Oct, 2016 01:37pm

Energy

Total CEO predicts oil supply shortage by end of the decade

LONDON: The head of French oil major Total said on Wednesday the world could be heading for a big oil supply crunch foll

Published 19 Oct, 2016 01:05pm

Energy

West Africa Crude-Nigerian under pressure, Angolan exports to slip

LONDON: A large overhang of Nigerian crude was keeping price differentials under pressure on Tuesday. Angola's loadi

Published 18 Oct, 2016 09:12pm

Energy

North Sea Crude-Forties edges up as diesel cracks rise; Brent slips

LONDON: Differentials for North Sea crude oil were little changed on Tuesday, with Brent and Ekofisk coming under mild p

Published 18 Oct, 2016 08:49pm

Energy

Europe Gasoline/Naphtha-Cracks steady, maintenance and exports support

LONDON: Gasoline refining margins in northwest Europe were little changed at above $10 a barrel on Tuesday, and were sup

Published 18 Oct, 2016 07:55pm

Energy

Europe Distillates-Diesel diffs rise as maintenance cuts avails

LONDON: Diesel barge differentials firmed slightly in Europe on Tuesday as refinery maintenance and lower import cut int

Published 18 Oct, 2016 07:54pm

Energy

Russia's Gazprom raises 2016 investment plan by $177mn

MOSCOW: Russian gas giant Gazprom said on Tuesday its board had decided to increase this year's investment programme

Published 18 Oct, 2016 04:14pm

Energy

Oil rises on weaker dollar, market balance signals

LONDON: Oil prices rose on Tuesday, helped by a weaker dollar and the notion that global markets oversupply may be moder

Published 18 Oct, 2016 04:05pm

Energy

OPEC SecGen sees chance of a smooth oil output deal in November

LONDON: OPEC should be able to reach a deal next month to limit oil production without too many exemptions for individua

Published 18 Oct, 2016 03:46pm

Energy

Oil prices rise supported by market balance signals

LONDON: Oil prices rose on Tuesday, helped by signs that oversupply in the global market may be moderating ahead of a No

Published 18 Oct, 2016 01:55pm

Energy

OPEC sec-gen optimistic on reaching oil output deal in Nov

LONDON: OPEC should be able to reach a deal next month to limit oil production without too much disagreement about indiv

Published 18 Oct, 2016 01:50pm

Energy

Oil rises on dollar and market balance expectations

LONDON: Oil prices rose on Tuesday, helped by a weaker U.S. dollar and as several analysts said that global markets migh

Published 18 Oct, 2016 09:45am

Energy

West Africa Crude-Light sweet crudes suffer from excess

LONDON: More than 30 unsold Nigerian cargoes were seeking buyers, but demand for medium and heavier grades out of Angola

Published 17 Oct, 2016 08:31pm

Energy

Europe Gasoline/Naphtha-Cracks gain on US outages, seasonal maintenance

LONDON: Gasoline refining margins in northwest Europe edged higher on Monday, supported by several outages on the US Eas

Published 17 Oct, 2016 08:22pm

Energy

Gazprom says gas exports to Europe and Turkey up 16pc on Oct 1-15

MOSCOW: Russian gas giant Gazprom said on Monday that gas exports to Europe and Turkey increased by 16 percent, or 1.1 b

Published 17 Oct, 2016 03:49pm

Energy

Oil prices firm, rise in US drilling weighs

LONDON: Oil prices reversed losses on Monday on expectations of an OPEC intervention next month to curb production, but

Published 17 Oct, 2016 03:04pm

Energy

Oil prices slide, OPEC action expectation limits losses

LONDON: Oil prices fell on Monday, weighed by oversupply concerns, while expectations of an OPEC intervention next month

Published 17 Oct, 2016 02:16pm

Energy

Oil slips below $52 as abundant supplies weigh

LONDON: Oil slipped below $52 a barrel on Friday, giving up an earlier gain, as abundant crude supplies outweighed tight

Published 14 Oct, 2016 01:38pm

Energy

ARA oil product stocks at near two-year low

LONDON: Stocks of refined oil products held independently in the Amsterdam-Rotterdam-Antwerp oil hub fell to a near two-

Published 13 Oct, 2016 04:13pm

Energy

West Africa Crude-Diffs under pressure, Dec loadings due within week

LONDON: West African crude oil was trading slowly, and differentials held at notably low levels due to a glut of cargoes

Published 13 Oct, 2016 03:51pm

Energy

Oil traders increase risky lending even as some deals go bad

LONDON: Trading houses' lending to distressed producers and refiners is booming and cheaper than ever even though ma

Published 13 Oct, 2016 03:35pm

Energy

Oil price falls back from one-year highs, hit by OPEC deal concerns

LONDON: Oil fell back from one-year highs on Tuesday, knocked by concerns that a production cut by the world's large

Published 11 Oct, 2016 11:50am

Energy

Oil rise and taper talk keep German yields near one-month high

LONDON: Europe's benchmark bond yield held near a one-month high on Tuesday after an inflation-boosting rise in oil

Published 11 Oct, 2016 11:40am

Energy

Oil off the boil, shares toil, sterling in trouble

LONDON: World shares tapped the brakes on Tuesday as oil prices eased back from their highest level of the year, while B

Published 11 Oct, 2016 10:30am

Energy

Oil falls from one-year highs as investors question OPEC deal

LONDON: Oil fell back from one-year highs on Tuesday, knocked by concern that a production cut by the world's larges

Published 11 Oct, 2016 10:29am

Energy

Brent oil price hits highest level in a year

LONDON: Brent North Sea crude rose to $53.45 a barrel on Monday -- its highest price in a year after President Vladimir

Published 10 Oct, 2016 03:07pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks gain as hurricane spurs demand

LONDON: Northwest European gasoline cracks rose to near $12 barrel on Friday as hurricane Matthew battered the southeast

Published 07 Oct, 2016 06:24pm

Energy

Europe Distillates-Rhine water level at 9-month low, Saudi cuts Egypt aid

LONDON: The diesel crack edged slightly lower on Friday, underpinned by tighter regional supplies due to smaller Russian

Published 07 Oct, 2016 06:10pm

Energy

Oil rallies as hopes grow for output cut

LONDON: Oil rallied to four-month highs on Thursday, underpinned by a surprisingly large drop in US inventory levels the

Published 06 Oct, 2016 04:10pm

Energy

Oil touches four-month high as output freeze returns centre stage

LONDON: Brent oil futures touched a four-month high on Tuesday as investor confidence grew in last week's deal by oi

Published 04 Oct, 2016 07:16pm

Energy

West Africa Crude-Tenders seek more WAF cargoes but excess weighs

LONDON: West African crude differentials remained under downward pressure due to an excess of cargoes and competition fr

Published 03 Oct, 2016 10:17pm

Energy

North Sea Crude-Forties diffs slide as Nov supply set to rise

LONDON: North Sea crude differentials sank on Monday, with Shell offering Forties at its lowest in nearly two months, af

Published 03 Oct, 2016 10:16pm

Energy

Russian oil output jumps 4pc in September to a new record

MOSCOW: Russian oil output jumped by almost 4 percent in September from the previous month to 11.11 million barrels per

Published 02 Oct, 2016 09:23am

Energy

Hungary to buy one million barrels of oil from Iran

DUBAI: Hungary has struck a deal to buy one million barrels of crude oil from Iran, director for international affairs a

Published 01 Oct, 2016 03:32pm

Energy

OPEC oil output hits record on Iraq, Libya boost

LONDON: OPEC's oil output is likely to reach its highest in recent history in September, a Reuters survey found on F

Published 30 Sep, 2016 08:04pm

Energy

Oil prices drop as Russia waits on OPEC's output cut

LONDON: Oil prices slipped Friday, as Russia said it would wait for details of OPEC's surprise agreement to cut crud

Published 30 Sep, 2016 08:03pm

Energy

North Sea Oseberg oil loadings to slip in November

LONDON: The North Sea Oseberg crude oil stream will load about 100,000 barrels per day (bpd) in November, a trade source

Published 30 Sep, 2016 10:25am

Energy

Oil slips as focus shifts to details of OPEC deal

LONDON: Oil prices slipped on Thursday as investors questioned whether an OPEC agreement to curb production - the group&

Published 29 Sep, 2016 07:06pm

Energy

Norway oil service strike could escalate at short notice

OSLO: A strike involving Norwegian oil service workers could be expanded at any time, but no decision has yet been made

Published 29 Sep, 2016 03:29pm

Energy

Oil prices slip as focus shifts to details of OPEC deal

LONDON: Oil prices slipped on Thursday as investors questioned whether an OPEC agreement to curb oil production - the gr

Published 29 Sep, 2016 09:23am

Energy

Europe Distillates-Diesel margins rise as cargoes leave NW Europe storage

LONDON: Diesel refining margins in northwest Europe rose on Wednesday as traders emptied Amsterdam/Rotterdam/Antwerp (AR

Published 28 Sep, 2016 07:25pm

Energy

Europe Gasoline/Naphtha-Cracks gain despite US stocks build

LONDON: Gasoline refining margins in northwest Europe strengthened on Wednesday despite a bigger than expected increase

Published 28 Sep, 2016 07:25pm

Energy

Med Crude-Urals differentials down in NWE, CPC Blend strengthens

MOSCOW: Urals differentials to dated Brent in the Baltic fell again on Wednesday as record supplies of crude from the po

Published 28 Sep, 2016 07:18pm

Energy

North Sea Crude-Ekofisk nears two-month lows as light sweets buckle

LONDON: North Sea Ekofisk crude oil differentials fell to their weakest since early August on Wednesday, in line with a

Published 28 Sep, 2016 07:15pm

Energy

West Africa Crude-October cargoes weigh on Nigerian trade

LONDON: The Angolan market was more active than the Nigerian, which has been weighed down by alternative light sweet gra

Published 28 Sep, 2016 07:00pm

Energy

Diesel flows out of Europe, temporarily easing glut

LONDON: Traders are rapidly emptying diesel tanks in Europe's storage hub as refinery maintenance lowers global prod

Published 28 Sep, 2016 04:08pm

Energy

Europe gas terminal group sees transport use for LNG

DUESSELDORF: European operators of large and underused liquefied natural gas (LNG) terminal capacity bet on new uses for

Published 27 Sep, 2016 08:24pm

Energy

Oil prices fall as hopes for a deal in Algiers fade

LONDON: Crude oil futures fell on Tuesday as optimism faded for an output-limiting deal from an oil producer meeting in

Published 27 Sep, 2016 07:57pm

Energy

West Africa Crude-Angolan trading quickens, while India buys Akpo

LONDON: Oil prices slid on Tuesday as Saudi Arabia and Iran dashed hopes that producer nations would reach a deal to cur

Published 27 Sep, 2016 07:04pm

Energy

Oil prices drop on fading hopes of Algiers output deal

LONDON: Oil prices retreated Tuesday on fading prospects of an agreement by producers to tackle a lingering supply glut.

Published 27 Sep, 2016 03:16pm

Energy

Oil prices rally before Algiers meeting

LONDON: Oil prices jumped around 3.0 percent in value Monday as the dollar weakened before a meeting of crude producing

Published 26 Sep, 2016 09:11pm

Energy

Europe Distillates-Diesel diffs strengthen on tighter supplies

LONDON: Diesel barge differentials in northwest Europe strengthened on Monday as supplies in the region tightened due to

Published 26 Sep, 2016 07:54pm

Energy

Europe Gasoline/Naphtha-Cracks slide on higher crude, thin demand

LONDON: Gasoline refining margins in northwest Europe fell sharply on Monday to just over $9 a barrel as crude gained ov

Published 26 Sep, 2016 07:54pm

Energy

Oil rises as OPEC meets, volatility hits post-Doha high

LONDON: Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the ma

Published 26 Sep, 2016 07:33pm

Energy

Russian oil majors raise output of hard-to-recover crude

MOSCOW: Russian oil majors Rosneft and Gazprom Neft are raising the share of production from hard-to-recover reserves, t

Published 26 Sep, 2016 07:24pm

Energy

Oil prices higher before OPEC meeting

LONDON: World oil prices rose modestly on Monday ahead of a producers' meeting this week that may result in agreemen

Published 26 Sep, 2016 12:37pm

Energy

Oil rises as OPEC meets, volatility hits post-Doha high

LONDON: Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the ma

Published 26 Sep, 2016 11:05am

Energy

Russia says reaching oil output freeze deal not critical: RIA

MOSCOW: Reaching an agreement to stabilise global oil prices, including a possible deal to freeze output, is "non-critic

Published 25 Sep, 2016 07:26pm

Energy

Algeria says all options 'possible' for Algiers OPEC gathering

ALGIERS: All options are possible for OPEC concerning an output cut or freeze with producers agreed on the need to stabi

Published 25 Sep, 2016 07:06pm

Energy

Europe Distillates-Diesel crack steady despite oil price dip

LONDON: The diesel crack was steady on Friday as a global glut counterbalanced potentials gains from a fall in oil futur

Published 23 Sep, 2016 04:20pm

Energy

Oil prices slip after two days of strong increases

LONDON: Oil prices fell on Friday in a sell-off following two sessions of strong rises and on caution ahead of a gatheri

Published 23 Sep, 2016 10:01am

Energy

UK GAS-Prices rise on short system and ahead of winter season start

LONDON: British wholesale gas prices rose on Thursday as lower Norwegian gas flows resulted in supply shortages, while o

Published 22 Sep, 2016 07:19pm

Energy

Oil rises 2pc, underpinned by US inventory drop and dollar

LONDON, Oil rose 2 percent on Thursday, heading for its largest weekly gain in a month, after a surprisingly large drop

Published 22 Sep, 2016 07:15pm

Energy

Gazprom discovers new gas deposit in Sea of Okhotsk

MOSCOW: Gazprom said on Thursday it had discovered a new gas deposit during exploration at the Kirinskoye field in the S

Published 22 Sep, 2016 07:09pm

Energy

Total says actively moving towards Uganda FID as early as end-2017

PARIS: French oil and gas company Total is actively moving towards a final investment decision as early as end-2017 for

Published 22 Sep, 2016 04:08pm

Energy

Oil market extends gains

LONDON: Oil prices climbed Thursday, building on the previous day's gains following a bigger-than-forecast fall in U

Published 22 Sep, 2016 12:15pm

Energy

Europe Gasoline/Naphtha-Cracks firm as US stocks draw sharply

LONDON: Benchmark gasoline refining margins in northwest Europe edged higher on Wednesday after US inventories of the mo

Published 21 Sep, 2016 09:35pm

Energy

Europe's refineries run more crude in Aug

LONDON: Europe's refineries ran 1.1 percent more crude oil in August versus a month earlier, data from industry moni

Published 21 Sep, 2016 08:31pm

Energy

Transneft says transit of Kazakh oil via Atyrau-Samara could reach 17mn t in 2017

MOSCOW: Russia's oil pipeline monopoly Transneft said Kazakhstan oil transiting via the Atyrau-Samara pipeline could

Published 21 Sep, 2016 07:11pm

Energy

W. Africa Crude-Sellers cut diffs to entice buyers, BPCL issues tender

LONDON: Angola's Sonangol has issued a revised loading plan for November that includes a total of 1.69 million barre

Published 21 Sep, 2016 06:50pm

Energy

Oil steady with producers' meeting, US data on horizon

LONDON: Oil prices stabilised Tuesday with analysts expecting volatility in the run-up to a producers' meeting next

Published 20 Sep, 2016 08:39pm

Energy

W. Africa Crude-Angolan offered for November, Nigerian may weaken

LONDON: Sellers pitched initial offers of Angolan crude for November loading on Tuesday, at levels seen as on the high s

Published 20 Sep, 2016 07:04pm

Energy

Oil at six-week low as oversupply outweighs output freeze talks

LONDON: Oil prices fell to the lowest in nearly six weeks on Tuesday as concerns over a potential rise in US crude stock

Published 20 Sep, 2016 03:27pm

Energy

Oil drops with producers' meeting, US data on horizon

LONDON: Oil prices dipped Tuesday with analysts expecting volatility in the run-up to a producers' meeting next week

Published 20 Sep, 2016 01:46pm

Energy

Oil falls on US crude stock rise, Venezuela warning

LONDON: Oil prices edged lower on Tuesday ahead of an expected build in U.S. crude oil stocks and on Venezuelan comments

Published 20 Sep, 2016 09:56am

Energy

Europe Distillates-Diesel crack hold steady on lower imports

LONDON: Benchmark diesel refining margins in northwest Europe held steady on Monday at around $9.50 a barrel as lower im

Published 19 Sep, 2016 08:09pm

Energy

W. Africa Crude-Angolan Nov. programme emerges, Nigerian OSPs awaited

LONDON: Angolan crude exports are set to rise to around 1.57 million barrels per day (bpd) in November, a preliminary pr

Published 19 Sep, 2016 08:02pm

Energy

Med Crude-Azeri light traded firmer, Urals stable in thin trade

MOSCOW: Premiums for Azeri light were slightly supported as demand for October-loading cargoes improved among European r

Updated 19 Apr, 2017 12:35pm

Energy

North Sea Crude-Ekofisk edges higher as gasoline strength persists

LONDON: North Sea crude oil differentials held broadly steady on Monday, although Ekofisk was bid higher, as an outage o

Published 19 Sep, 2016 07:55pm

Energy

Oil advances on unrest, hopes for output deal

LONDON: World oil prices rebounded Monday on supply concerns in Libya and Nigeria, and after OPEC member Venezuela indic

Published 19 Sep, 2016 07:34pm

Energy

Oil climbs as Venezuela sees output deal

LONDON: Oil prices rose on Monday from multi-week lows after Venezuela said OPEC and non-OPEC producers were close to a

Published 19 Sep, 2016 07:01pm

Energy

Europe Gasoline/Naphtha-Cracks fall, arb to US supports

LONDON: Northwest European gasoline refining margins fell on Monday after hitting a three-month high last week, but crac

Published 19 Sep, 2016 04:34pm

Energy

Oil prices sharply lower in week as global output mounts

LONDON: World oil prices sank lower this week on gloomy market forecasts, profit-taking and ever-present worries over th

Published 16 Sep, 2016 09:25pm

Energy

Europe Distillates-Diesel crack edges higher on ARA stocks draw

LONDON: Diesel refining margins in northwest Europe firmed slightly on Thursday due to outages in the United States and

Published 15 Sep, 2016 10:04pm

Energy

North Sea Crude-Diffs hold steady, data shows refineries running hard

LONDON: North Sea crude oil differentials held broadly steady on Thursday, supported by a rise in prospective flows to A

Published 15 Sep, 2016 09:01pm

Energy

Gazprom wants more than 25 pct of OMV North Sea assets

MOSCOW: Gazprom wants more than 25 percent of OMV's Norwegian North Sea holding company but is being prevented from

Published 15 Sep, 2016 08:29pm

Energy

Oil prices rebound

LONDON: Oil prices rebounded Thursday after tanking the previous day but gains were capped by US stockpiles data and the

Published 15 Sep, 2016 07:16pm

Energy

Oil prices rebound

LONDON: Oil prices rebounded slightly Thursday after tanking the previous day, but gains were capped by US stockpiles da

Published 15 Sep, 2016 11:07am

Energy

Oil falls as US drills more

LONDON: Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the most in th

Published 12 Sep, 2016 09:55am

Energy

Russian oil output seen at up to 547mn T in 2016: sources

MOSCOW: Russia's oil output, the world's largest, is expected to rise this year by 2.2 percent, above expectatio

Published 12 Sep, 2016 09:51am

Energy

Oil prices rise over week despite late slide

LONDON: Oil prices rose over the week thanks to a slump in US crude stockpiles, a softer dollar and hopes of a OPEC-Russ

Published 09 Sep, 2016 07:17pm

Energy

Oil extends gains after big US crude stock draw

LONDON: Oil prices rose more than 1.5 percent on Thursday after U.S. industry data showed a large drawdown in crude stoc

Published 08 Sep, 2016 08:54am

Energy

Oil prices rise on weaker dollar

LONDON: Oil prices rose on Wednesday thanks to a weaker dollar but scepticism that key producers would agree to limit ou

Published 07 Sep, 2016 02:21pm

Energy

Oil rises, but doubt over output deal tempers rally

LONDON: Oil rose on Wednesday to pare some of the previous day's losses, partly thanks to a weaker U.S. dollar, but

Published 07 Sep, 2016 10:25am

Energy

Oil market wobbles

LONDON: Oil wobbled Tuesday as traders mulled a pledge from Russia and Saudi Arabia to address the chronic supply glut t

Published 06 Sep, 2016 01:43pm

Energy

Russia's Yamal LNG project on track and on budget, says Novatek

VLADIVOSTOK: Russia's Yamal LNG project, to build the country's second gas liquefaction plant, is on track and o

Published 05 Sep, 2016 07:33pm

Energy

US gasoline stockpiles look manageable as summer ends: Kemp

LONDON: US gasoline stockpiles remain at record highs for the time of year but excess inventory is smaller than it appea

Published 05 Sep, 2016 07:18pm

Energy

Greece-Bulgaria gas pipeline expects binding bids for capacity use by end-Oct

VARNA: The joint venture building the natural gas pipeline between Bulgaria and Greece is seeking binding bids for the u

Published 05 Sep, 2016 07:05pm

Energy

Oil bounces on Saudi-Russian pledge to steady prices

LONDON: Oil rallied by up to five percent on Monday as top global producers Russia and Saudi Arabia vowed to stabilise t

Published 05 Sep, 2016 06:11pm

Energy

Norway's Goliat oilfield to remain shut at least until Sept. 9: Eni

OSLO: Production at energy firm Eni's Arctic Goliat oilfield will remain shut at least until Sept. 9, a spokesman fo

Published 05 Sep, 2016 06:06pm

Energy

Oil pares gains after Saudi, Russia sign pact

LONDON: Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia confirmed they had agreed to

Published 05 Sep, 2016 05:23pm

Energy

Europe Distillates-Diesel diffs weaken as Eastern imports rise

LONDON: Diesel barge differentials in northwest Europe slightly weakened on Monday as a rising flow of imports from Asia

Published 05 Sep, 2016 04:55pm

Energy

Europe Gasoline/Naphtha-Gasoline crack edges higher but weighed

LONDON: The gasoline refining margin edged higher but remained under pressure by firming crude prices and cheap naphtha

Published 05 Sep, 2016 04:49pm

Energy

Oil bounces on Saudi-Russian pledge to steady prices

LONDON: Oil prices rallied on Monday by up to five percent after key crude producers Russia and Saudi Arabia vowed to st

Published 05 Sep, 2016 02:44pm

Energy

Oil jumps amid talk of producer action to support prices

LONDON: Crude oil futures rose sharply on Monday amid renewed speculation that major producers including Saudi Arabia an

Published 05 Sep, 2016 09:42am

Energy

Oil prices rebound from sharp losses

LONDON: Oil prices rebounded Friday as traders fished for bargain crude after the previous day's heavy losses, and e

Published 02 Sep, 2016 02:46pm

Energy

Europe Distillates-Diesel diffs weaken as import rise

LONDON: Diesel barge differentials in northwest Europe weakened on Thursday as rising imports into the region were expec

Published 01 Sep, 2016 08:34pm

Energy

Spain's Repsol, Criteria exploring sale of around 20pc in Gas Natural

MADRID: Spanish oil firm Repsol and Criteria Caixa, an industrial holding company that owns Caixabank, said on Thursday

Published 01 Sep, 2016 08:30pm

Energy

Europe Gasoline/Naphtha-Gasoline down with US sell off

LONDON: Gasoline barge prices and refining margins sunk on Thursday on the back of a sell-off in US gasoline futures aft

Published 01 Sep, 2016 08:28pm

Energy

West Africa Crude- Tenders to absorb cargoes, but price limits trade

LONDON: Weak demand in Europe, and ample offers particularly in the Mediterranean, limited the outlets for West African

Published 01 Sep, 2016 07:44pm

Energy

Oil prices extend losses

LONDON: Oil prices weakened further Thursday with sentiment weighed down by a sharp rise in US crude stockpiles, dealers

Published 01 Sep, 2016 06:18pm

Energy

Oil prices extend losses

LONDON: Oil prices weakened further Thursday with sentiment weighed down by a sharp rise in US crude stockpiles, dealers

Published 01 Sep, 2016 12:29pm

Energy

Oil steadies as Saudi sees OPEC ‘common position’

LONDON: Oil prices steadied on Thursday after Saudi Arabia said OPEC was moving towards a common position on oil product

Published 01 Sep, 2016 09:51am

Energy

West Africa Crude-Nigerian offers high, more programmes appear

LONDON: Sellers of Nigerian crude continued to seek high prices on Wednesday as disruption to output of several streams

Published 31 Aug, 2016 05:43pm

Energy

Britain's FTSE posts third straight month of gains

LONDON: UK shares ended lower on Wednesday, hit by a late slump in the energy sector, although the FTSE 100 posted its t

Published 31 Aug, 2016 05:38pm

Energy

Europe Distillates-Diesel margins slide on surprise US stock build

LONDON: Northwest European diesel margins fell below $9 a barrel to their lowest since Aug. 12 on Wednesday as US weekly

Published 31 Aug, 2016 05:34pm

Energy

Total, Erg prepare sale of Italian petrol-station network

LONDON/MILAN: French oil major Total and Italian renewable energy group Erg have tapped banks to sell one of Italy's

Published 31 Aug, 2016 05:30pm

Energy

Europe Gasoline/Naphtha-Cracks edge higher on weaker crude futures

LONDON: Gasoline refining margins edged higher following a fall in oil futures while a draw in US gasoline stocks failed

Published 31 Aug, 2016 05:24pm

Energy

Oil prices dip before US inventories data

LONDON: Oil fell further Wednesday as dealers awaited the latest update on crude reserves in the United States.At around

Published 31 Aug, 2016 01:25pm

Energy

Lukoil sees Q2 profits dip on oil price slide

MOSCOW: Russia's largest private oil firm Lukoil said Monday that a slide in oil prices had caused its profits to di

Published 29 Aug, 2016 08:54pm

Energy

Russia's Gazprom says Q2 net profit down 17pc year-on-year

MOSCOW: Second-quarter net income of Russian gas giant Gazprom declined by 17 percent year-on-year to 244.9 billion roub

Published 29 Aug, 2016 06:23pm

Energy

Oil falls towards $49 on high output, strong dollar

LONDON: Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronge

Published 29 Aug, 2016 02:39pm

Energy

Oil falls towards $49 on high output, strong dollar

LONDON: Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronge

Published 29 Aug, 2016 11:04am

Energy

North Sea Oseberg oil loadings to slip in October

LONDON: The North Sea Oseberg crude oil stream will load about 116,000 barrels per day (bpd) in October, a trade source

Published 26 Aug, 2016 03:26pm

Energy

Oil prices drop as output hopes dampen

LONDON: Oil prices fell Friday as OPEC's key producers cast doubt on the need to cut output, denting hopes of a deal

Published 26 Aug, 2016 12:32pm

Energy

Oil prices fall as Saudi Arabia dampens prospects of output freeze

LONDON: Oil fell on Friday and was set for its largest weekly decline in a month after the Saudi energy minister cooled

Published 26 Aug, 2016 11:31am

Energy

Europe Gasoline/Naphtha-Gasoline margins slip as ARA inventories build

LONDON: Gasoline refining margins in northwest Europe eased on Thursday as stocks in the ARA storage hub climbed, but c

Published 25 Aug, 2016 07:29pm

Energy

North Sea Crude-Forties steady, lower output delays some cargoes

LONDON: North Sea Forties held broadly unchanged on Thursday at parity with dated Brent as lower-than-expected productio

Published 25 Aug, 2016 07:20pm

Energy

Med Crude-Urals down in NWE as loadings in mid-end Sept look ample

MOSCOW: Urals price differentials in the Baltic fell on Thursday as trading activity drifted to mid-end September with a

Published 25 Aug, 2016 07:17pm

Energy

Oil prices fall as production freeze expectation fades

LONDON: Oil prices slipped on Thursday as the market focused on oversupply and fading expectation of a production freeze

Published 25 Aug, 2016 01:58pm

Energy

Oil prices hit reverse again

LONDON: World oil prices skidded lower Thursday, reversing earlier gains as traders dwelled on rising US crude stockpile

Published 25 Aug, 2016 01:10pm

Energy

Oil prices fall as hopes of production freeze fade

LONDON: Oil prices slipped on Thursday as the market focused on oversupply and fading hopes of a production freeze.Globa

Published 25 Aug, 2016 12:22pm

Energy

Europe Distillates-Diesel diffs rise for fourth session

LONDON: Diesel barge differentials in northwest Europe rose for a fourth straight session to a two-week high as upcoming

Published 24 Aug, 2016 07:41pm

Energy

Europe Gasoline/Naphtha-Gasoline margins up on US hurricane fears, oil price dip

LONDON: Gasoline refining margins in northwest Europe rose sharply as oil futures sunk and in reaction to perceived tigh

Published 24 Aug, 2016 07:09pm

Energy

Med Crude-Urals exports set to rise in September, diffs steady

MOSCOW: Urals differentials were unchanged in thin trade as traders expect prices to weaken further later this week as a

Updated 19 Apr, 2017 02:48pm

Energy

Oil prices drop as market tracks US supplies

LONDON: Oil prices fell Wednesday, with Brent stuck below $50, after data showed an increase in US crude stockpiles, add

Published 24 Aug, 2016 02:39pm

Energy

Oil falls on surprise build in US crude stocks

LONDON: Oil prices fell on Wednesday on an unexpected increase in U.S. crude stocks that revived worries about the suppl

Published 24 Aug, 2016 01:10pm

Energy

US oil falls 2pc on surprise build in crude stocks

LONDON: US oil prices fell more than 2 percent on Wednesday on an unexpected increase in US crude stocks that revived wo

Published 24 Aug, 2016 12:53pm

Energy

W. Africa Crude-Angolan strong, Nigerian programmes trickle out

LONDON: Angolan crude differentials stayed firm on Tuesday, supported by a combination of Chinese demand, tighter suppli

Published 23 Aug, 2016 07:38pm

Energy

Gazprom, at meeting with OMV, says Nord Stream 2 important for Europe

MOSCOW: Russian gas firm Gazprom said its chief executive Alexei Miller met the head of OMV Rainer Seele on Tuesday and

Published 23 Aug, 2016 06:21pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks slide, exports cap losses

LONDON: Gasoline refining margins in northwest Europe fell sharply on Tuesday as crude prices advanced, but stronger exp

Published 23 Aug, 2016 06:19pm

Energy

Med Crude-Urals demand seen hit by Romania refinery fire

MOSCOW: Urals crude price differentials were under pressure on Tuesday due to poor fundamentals and a fire at a Romanian

Updated 19 Apr, 2017 02:49pm

Energy

Oil prices extend losses

LONDON: Oil prices fell on Tuesday, extending the previous session's sharp losses caused by prospects of another inc

Published 23 Aug, 2016 01:45pm

Energy

Oil slips below $49 as rising supply trumps hopes for producer action

LONDON: Oil fell below $49 a barrel on Tuesday, giving up part of August's strong rally, as signs of rising supply o

Published 23 Aug, 2016 01:10pm

Energy

UK gas supply worries ease as storage site to open more wells for withdrawals

LONDON: Twenty wells at Britain's Rough gas storage site should be available for withdrawals from Nov. 1, Centrica S

Published 22 Aug, 2016 07:13pm

Energy

Angola's Sonangol suspends oil refining, terminal projects

LONDON: Angolan state oil firm Sonangol has suspended construction works at the Lobito refinery and the Ocean Terminal o

Published 22 Aug, 2016 05:25pm

Energy

Oil falls as China fuel exports jump, US rig count rises

LONDON: Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, US oil producers adde

Published 22 Aug, 2016 03:14pm

Energy

Brent slides under $50 as supply glut woes resurface

LONDON: World oil prices slid Monday on resurfacing supply glut concerns, slamming the brakes on last week's rally.

Published 22 Aug, 2016 01:20pm

Energy

Oil falls as China fuel exports jump, U.S. rigs rise

LONDON: Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, U.S. oil producers ad

Published 22 Aug, 2016 12:33pm

Energy

W. Africa Crude-Angolan offers underpinned

LONDON: Brent crude oil was on track for a third weekly gain, trading above $50 per barrel, though it fell back from an

Published 19 Aug, 2016 03:27pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks gain after large ARA, US draws

LONDON: Gasoline refining margins in northwest Europe rose on Thursday after a 9 percent draw in ARA stocks that followe

Published 18 Aug, 2016 08:06pm

Energy

Med Crude-Urals weaker in Mediterranean, CPC Blend at 2-month low

MOSCOW: Urals differentials in the Mediterranean weakened on Thursday along with those in northwest Europe on expected h

Updated 19 Apr, 2017 02:50pm

Energy

W. Africa Crude-Sonangol sells Oct cargoes, Nigeria programme emerges

LONDON: Nigerian oil minister Emmanuele Ibe Kachikwu said the country is producing just 1.56 million bpd due to consiste

Published 18 Aug, 2016 06:04pm

Energy

Brent crude oil tops $50

LONDON: Oil prices rose on Thursday with Brent briefly topping $50 thanks to a weaker dollar and a drop in US crude stoc

Published 18 Aug, 2016 02:04pm

Energy

Oil steady near six-week highs on talk of supply freeze

LONDON: Brent crude oil traded above $50 a barrel for the first time in six weeks on Thursday as the world's biggest

Published 18 Aug, 2016 01:40pm

Energy

W. Africa Crude-Total wins IOC tender, Bonny loading but with delays

LONDON: Spot trading in West African crude oil was limited as Angola's Sonangol worked out its term allocations. * U

Published 17 Aug, 2016 07:42pm

Energy

North Sea oil output to hit two-year low in Sept

LONDON: North Sea crude output is set to reach a two-year low in September due to field maintenance, tightening a market

Published 17 Aug, 2016 07:32pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks ease, big US stockdraw caps losses

LONDON: Gasoline refining margins in northwest Europe dipped on Wednesday, weighed by weak export economics, but a large

Published 17 Aug, 2016 07:24pm

Energy

Europe Distillates-Diesel cracks soften after US stock build

LONDON: Diesel refining margins in northwest Europe weakened on Wednesday after a large and unexpected rise in US stocks

Published 17 Aug, 2016 07:23pm

Energy

Med Crude-Urals lower in Baltic on expectations of hefty September exports

MOSCOW: Urals crude oil price differentials in the Baltic were down on Wednesday in quiet trade ahead of spot tenders to

Published 17 Aug, 2016 05:33pm

Energy

Oil prices drop before US inventory data

LONDON: Oil prices fell back Wednesday after rallying in recent sessions, as attention turned to US stockpiles data for

Published 17 Aug, 2016 02:08pm

Energy

Oil falls as investors assess chances of output freeze

LONDON: Oil fell for the first time in a week on Wednesday, but remained in sight of six-week highs, as investors weighe

Published 17 Aug, 2016 01:51pm

Energy

Oil falls as investors weigh up odds of output freeze

LONDON: Oil fell for the first time in a week on Wednesday, but remained in sight of six-week highs, as investors weighe

Published 17 Aug, 2016 01:26pm

Energy

Angolan Oct crude oil exports to fall as Dalia enters maintenance

LONDON: Angola's crude oil exports are set to fall to 1.43 million barrels per day (bpd) in October as a key grade e

Published 16 Aug, 2016 07:37pm

Energy

Angolan Oct oil exports set for 10-year low on Dalia works

LONDON: Angola's crude oil exports are set to fall by 366,000 barrels per day (bpd) in October to 1.43 million bpd a

Published 16 Aug, 2016 07:36pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks gain amid stock draw hopes

LONDON: Gasoline refining margins in northwest Europe rose to $7.50 a barrel on Tuesday amid limited trading activity as

Published 16 Aug, 2016 07:31pm

Energy

Med Crude-Urals weak in the north, Azeri light premiums shrink

MOSCOW: Urals differentials eased again on Tuesday in northwest Europe due to lower demand for Urals in the region and e

Updated 19 Apr, 2017 02:51pm

Energy

North Sea Crude-Forties gains on tighter supplies

LONDON: Forties differentials rose due to the highest since early June on stronger demand and signs of tighter September

Published 16 Aug, 2016 07:21pm

Energy

W. Africa Crude-Angola's Oct exports to drop, IOC tenders to buy

LONDON: Angola's oil exports are set to hit a 10-year low of 1.43 million barrels per day (bpd) in October, accordin

Published 16 Aug, 2016 07:14pm

Energy

Oil prices extend gains

LONDON: Oil prices rose Tuesday extending the previous session's gains, as markets assess the likelihood of producer

Published 16 Aug, 2016 02:37pm

Energy

Oil trades at fresh August high on hopes producer action

LONDON: Oil prices reached their highest levels in more than five weeks on Tuesday as the market rode optimism over pote

Published 16 Aug, 2016 12:46pm

Energy

Europe Distillates-Diesel cracks surge on concerns over US supplies

LONDON: Benchmark diesel refining margins in northwest Europe rose on Monday to a one-month high after floods that hit s

Published 15 Aug, 2016 07:29pm

Energy

Europe Gasoline/Naphtha-Gasoline slides as crude hits 5-week high

LONDON: Gasoline refining margins in northwest Europe fell sharply to below $7 a barrel on Monday as crude prices jumped

Published 15 Aug, 2016 07:24pm

Energy

North Sea Crude-Diffs edge up to highest since mid July

LONDON: North Sea crude oil differentials rose on Monday, climbing for a second day, after a couple of trades materialis

Published 15 Aug, 2016 07:24pm

Energy

Med Crude-Urals weaker in northwest Europe, ample supply expected

MOSCOW: Urals price differentials weakened in northwest Europe on Monday as unsold volumes in the region and an expected

Updated 19 Apr, 2017 02:52pm

Energy

Oil extends gains on output freeze hopes

LONDON: Oil rose further Monday on hopes that OPEC producers would agree to freeze output next month and ease the global

Published 15 Aug, 2016 01:42pm

Energy

Oil rises on talk of producer action, but excess looms

LONDON: Oil prices rose on Monday to their highest in nearly a month, with benchmark Brent crude trading more than 10 pe

Published 15 Aug, 2016 12:31pm

Energy

North Sea Crude-Brent weakens, Forties firms on upcoming maintenance

LONDON: The differential for Forties crude jumped on Thursday for end-August loading cargoes as the prospect of Septembe

Published 11 Aug, 2016 09:00pm

Energy

W. Africa Crude-Nigerian offers strong, Angolan clearing

LONDON: Some Nigerian crude grades were offered at high levels but traders said weak refining margins meant buyers were

Published 11 Aug, 2016 08:55pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks slide as crude jumps

LONDON: Gasoline refining margins in northwest Europe extended their losses on Thursday, sliding below $8 a barrel for t

Published 11 Aug, 2016 08:27pm

Energy

Europe Distillates-Diesel diffs sink after expiry

LONDON: Diesel barge differentials in northwest Europe dropped sharply on Thursday following the expiry of the August Lo

Published 11 Aug, 2016 08:20pm

Energy

Diesel unit at Tupras' Izmit refinery down for maintenance

LONDON: A 50,000-barrels-per-day diesel-producing unit at Tupras' 220,000-bpd refinery in Izmit, Turkey has shut for

Published 11 Aug, 2016 08:08pm

Energy

Oil slips on high inventories, record Saudi output

LONDON: Oil prices fell on Thursday as a build in U.S. crude inventories and record Saudi Arabian production reinforced

Published 11 Aug, 2016 09:39am

Energy

IEA sees oil markets slowly tightening after months of oversupply

MOSCOW: Oil markets will begin to tighten in the second half of 2016 but at a slow pace as global demand growth declines

Published 11 Aug, 2016 09:08am

Energy

Russia's Gazprom says may export more gas to Europe than f'cast

MOSCOW: Gazprom said higher gas sales to Europe boosted its first-quarter revenue and it may export more to the region t

Published 10 Aug, 2016 09:01pm

Energy

Diesel leak after oil rig grounded off Scottish island

LONDON: A salvage operation on an oil rig which ran aground off a remote Scottish island was halted on Wednesday due to

Published 10 Aug, 2016 08:46pm

Energy

Med Crude-Urals differentials unchanged, Azeri light offered lower

MOSCOW: Urals crude oil price differentials were stable on Wednesday, while Azeri light was offered lower amid weak refi

Published 10 Aug, 2016 07:51pm

Energy

Europe Distillates-Diesel, gasoil barge diffs steady, US surplus reduces

LONDON: The spread between US heating oil futures and ICE Gasoil futures fell to its narrowest point since June after re

Published 10 Aug, 2016 07:44pm

Energy

West Africa Crude-India buys cargoes, but global excess remains

LONDON: Benchmark oil prices fell on Wednesday as US crude stocks registered a surprise build and OPEC pointed to a 2017

Published 10 Aug, 2016 07:36pm

Energy

Oil eases on oversupply as calls for producer talks draw scepticism`

LONDON: Oil fell on Wednesday, hit by record Saudi Arabian output, improved prospects for U.S. output and a glut in refi

Published 10 Aug, 2016 04:30pm

Energy

OPEC points to 2017 oil surplus as Saudi output hits record

LONDON: Top oil exporter Saudi Arabia boosted its oil output to a record high in July, it told OPEC, in a sign key membe

Published 10 Aug, 2016 04:17pm

Energy

Shell unit declares force majeure on gas supplies to Nigeria LNG

MILAN: Shell Petroleum Development Company has declared force majeure (FM) on gas supplies to the Nigeria Liquefied Natu

Published 10 Aug, 2016 10:26am

Energy

Russia's Gazprom Q1 net profit at 362.3bn roubles, slightly ahead of forecast

MOSCOW: Russia's Gazprom, the world's top gas producer, posted on Wednesday 362.3 billion roubles ($5.6 billion)

Published 10 Aug, 2016 07:51am

Energy

Oil slips to $45 as glut overshadows hope for producer action

LONDON: Oil fell below $45 a barrel on Tuesday after rallying to a two-week high the previous day, as concern about a su

Published 09 Aug, 2016 09:38am

Energy

Russia's Gazprom Q1 profit seen down 5.5pc y/y on weaker prices

MOSCOW: Russia's Gazprom, the world's top gas producer, is expected to post 361.2 billion roubles ($5.60 billion

Published 08 Aug, 2016 09:33pm

Energy

Oil prices extend gains, but traders warn of weakness ahead

LONDON: Oil rose further on Monday after a report of renewed calls by some OPEC members to restrain output, but analysts

Published 08 Aug, 2016 09:30pm

Energy

Europe Distillates-Cracks rise for third day, glut persists

LONDON: Benchmark diesel refining margins in northwest Europe rose for a third straight session on Monday amid a recover

Published 08 Aug, 2016 05:33pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks dip amid overhang concerns

LONDON: Gasoline refining margins in northwest Europe declined on Monday to below $10 a barrel amid concerns over a stoc

Published 08 Aug, 2016 05:22pm

Energy

North Sea Crude-Forties steady, ample supply weighs

LONDON: Forties crude differentials were unchanged on Monday at a discount to dated Brent, as ample supply weighed on th

Published 08 Aug, 2016 05:14pm

Energy

Med Crude-Urals tick lower in Med, Azeri light exports steady

MOSCOW: Urals crude oil price differentials in the Mediterranean inched down on Monday, while Azeri light loading plan f

Published 08 Aug, 2016 05:12pm

Energy

Oil rises on fresh calls for production freeze

LONDON: Oil received a boost on Monday from reports of renewed talks by some OPEC members to restrain output, but analys

Published 08 Aug, 2016 10:25am

Energy

Egypt tenders to buy 8 LNG cargoes for Sept-Dec delivery

MILAN: Egypt's state-run EGAS has tendered to buy eight liquefied natural gas (LNG) cargoes for delivery in Septembe

Published 05 Aug, 2016 03:34pm

Energy

Europe Distillates-Diesel cracks weaken after ARA stock build

LONDON: Diesel refining margins in northwest Europe dropped below $8 a barrel on Thursday after a rise in ARA stocks tha

Published 04 Aug, 2016 07:33pm

Energy

Europe Gasoline/Naphtha-Gasoline gains on Atlantic basin stocks draws

LONDON: Gasoline refining margins in northwest Europe rose above $9 a barrel on Thursday after a stock draw in ARA and a

Published 04 Aug, 2016 07:30pm

Energy

W. Africa Crude-Angolan trade heats up, Bonny diffs firm

LONDON: Crude futures rallied after data from intelligence firm Genscape showed a drop in oil stocks at the US Cushing,

Published 04 Aug, 2016 07:21pm

Energy

Med Crude-Urals differentials down in Med, unchanged in NWE

MOSCOW: Urals crude oil price differentials in the Mediterranean weakened on Thursday, while levels for the grade in nor

Published 04 Aug, 2016 07:13pm

Energy

Urals inched down in Med and NWE, Azeri light bid higher

MOSCOW: Urals crude oil price differentials in the Mediterranean and northwest Europe were slightly lower on Wednesday,

Published 03 Aug, 2016 07:24pm

Energy

Europe Distillates-Diesel margins firm as imports seen slowing

LONDON: Northwest European refining margins firmed on Wednesday despite a surprise build in US inventories last week as

Published 03 Aug, 2016 07:15pm

Energy

Oil edges up to $42 after slide, but glut still weighs

LONDON: Oil edged higher to $42 a barrel on Wednesday after hitting its lowest since April the previous day, supported b

Published 03 Aug, 2016 10:37am

Energy

North Sea Crude-Forties weakens on overhang, poor margins

LONDON: Forties crude differentials weakened on Tuesday as an overhang continued to weigh with at least three tankers st

Published 02 Aug, 2016 08:57pm

Energy

Europe Gasoline/Naphtha-Gasoline margins firms on possible arb west

LONDON: Northwest European gasoline refining margins reached a one-month high on Tuesday, tracking hikes in US RBOB crac

Published 02 Aug, 2016 08:57pm

Energy

Med Crude-Urals down in Med, unchanged in NWE as Shell buys

MOSCOW: Urals crude was offered at lower differentials in the Mediterranean on Tuesday, while its levels in northwest Eu

Published 02 Aug, 2016 08:55pm

Energy

Europe Distillates-Diesel margins underpinned by falling crude

LONDON: Northwest European refining margins inched higher on Tuesday despite excess supplies as crude oil futures fell.

Published 02 Aug, 2016 08:44pm

Energy

West Africa Crude-Angolan differentials softening

LONDON: Some Angolan crude differentials were showing signs of weakening on Tuesday, while loading uncertainties were we

Published 02 Aug, 2016 08:43pm

Energy

Asian bookings of West African crude to slip lower in August

LONDON: Cargoes of West African crude oil sailing east are on track to fall in August on fierce competition, shaky deman

Published 02 Aug, 2016 07:54pm

Energy

Russian oil production up slightly in July at 10.85mn bpd

MOSCOW: Russia's oil output edged up in July to 10.85 million barrels per day (bpd) thanks to increases at some of t

Published 02 Aug, 2016 10:14am

Energy

Italian refiner Saras starts repaying Iranian oil debt

MILAN: Italian oil refiner Saras has paid back 100 million euros ($112 million) of the debt it owes Iran for cargoes of

Published 01 Aug, 2016 08:16pm

Energy

Europe Gasoline/Naphtha-Gasoline margins get respite as crude oil slumps

LONDON: Gasoline refining margins gained nearly $2 a barrel on Monday after crude oil prices lost over 3 percent, while

Published 01 Aug, 2016 07:56pm

Energy

W. Africa Crude-Angolan trades, but differentials under pressure

LONDON: Benchmark crude prices fell by more than 3 percent on record OPEC output in July and an increase in the US rig c

Published 01 Aug, 2016 07:56pm

Energy

Med Crude-Urals crude offered slightly lower in northwest Europe

MOSCOW: Urals crude differentials in northwest Europe were seen slightly lower on Monday, as a rally in the Russian expo

Published 01 Aug, 2016 07:54pm

Energy

Oil shipments from Georgia's Batumi port fell 12pc y/y in Jan-July

TBILISI: Shipments of crude and refined oil products from Georgia's Black Sea port of Batumi fell 11.8 percent year

Published 01 Aug, 2016 07:30pm

Energy

North Sea Brent-setting oil supply to rise in September

LONDON: Supply of the four North Sea crude oil grades that underpin the Brent benchmark will rise slightly in September,

Published 01 Aug, 2016 07:18pm

Energy

Oil prices dip as oversupply worries weigh

LONDON: Oil prices dipped on Monday as a global supply glut and weak demand continued to weigh on the market.Prices had

Published 01 Aug, 2016 02:43pm

Energy

Oil falls as oversupply still weighs on market

LONDON: Oil fell on Monday morning, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions

Published 01 Aug, 2016 10:24am

Energy

Oil descends to three-month lows on glut woes

LONDON: World oil prices descended this week to their lowest levels for more than three months, rocked by renewed worrie

Published 29 Jul, 2016 11:18am

Energy

Russia's Rosneft, Venezuela's PDVSA step up cooperation

MOSCOW: Russia's largest oil producer Rosneft and Venezuela's state oil company PDVSA have signed deals, includi

Published 29 Jul, 2016 07:40am

Energy

North Sea Crude-Forties weakens, Sept programmes start appearing

LONDON: Forties crude differentials fell on Thursday, pressured by lower offers amid ample supplies and a lack of demand

Published 28 Jul, 2016 07:10pm

Energy

Oil industry suppliers see light at the end of the tunnel

OSLO/MILAN: European suppliers to the oil industry, hit by their customers' spending cutbacks over the past two year

Published 28 Jul, 2016 07:07pm

Energy

Med Crude-Urals bid up in NWE on margins and north-south arbitrage

MOSCOW: Urals crude differentials in northwest Europe rose on Thursday, supported by active buying interest from Shell,

Published 28 Jul, 2016 05:21pm

Energy

Oil pause after five-day slump

LONDON: Oil prices held steady Thursday after slumping to three-month lows as a surprise jump in US crude stocks stoked

Published 28 Jul, 2016 03:39pm

Energy

Oil steadies just above 3-month lows on oversupply

LONDON: Oil prices steadied just above three-month lows on Thursday as producers continued to pump more than needed, fil

Published 28 Jul, 2016 02:09pm

Energy

Crude rebound helps Total limit loss

PARIS: French oil major Total said Thursday a recovery in crude prices, cost cutting, and increased output helped it lim

Published 28 Jul, 2016 09:37am

Energy

Oil falls close to three-month low as oversupply weighs

LONDON: Oil prices fell close to three-month lows on Wednesday after US industry data showed weekly oil stocks declined

Published 27 Jul, 2016 12:50pm

Energy

Nigeria missing 700,000 bpd of oil output from militant attacks

LONDON: Nigeria's oil production is now 700,000 barrels per day (bpd) lower as a result of persistent militant atta

Published 26 Jul, 2016 08:20pm

Energy

Oil falls towards $44, lowest since May, on glut worries

LONDON: Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited

Published 26 Jul, 2016 02:18pm

Energy

Med Crude-Urals stable in the north as north-south arbitrage supports

MOSCOW: Urals crude differentials were steady in the northwest Europe on Monday, supported by strong demand for the grad

Published 25 Jul, 2016 08:51pm

Energy

Oil prices slide on oversupply, economic headwinds

LONDON: Oil prices fell to two and a half month lows on Monday amid worries that a global glut of crude and refined prod

Published 25 Jul, 2016 03:19pm

Energy

Oil prices extend losses on high supplies

LONDON: Oil prices fell Monday on a lingering global supply glut that last week sent the market tumbling to 2.5-month lo

Published 25 Jul, 2016 03:04pm

Energy

Oil market recedes with rate calls in view

LONDON: Oil prices retreated Thursday as caution prevailed before central bank policy meetings in Europe and Japan.At 11

Published 21 Jul, 2016 02:05pm

Energy

Oil steadies as US inventories send mixed signals

LONDON: Oil prices steadied on Thursday after the US Energy Department reported a ninth consecutive weekly drawdown of c

Published 21 Jul, 2016 12:43pm

Energy

Iraq oil exports set to rise in July, despite leak

LONDON: Iraq's oil exports are set to rise in July, according to loading data and an industry source, putting supply

Published 21 Jul, 2016 12:28pm

Energy

Med Crude-Urals stronger on healthy demand, CPC Blend back to premium

MOSCOW: Urals crude price differentials continued to strengthen on Wednesday on keen buying interest for August-loading

Updated 19 Apr, 2017 02:53pm

Energy

Europe Gasoline/Naphtha-Cracks weaken after new US stock build

LONDON: Gasoline refining margins in northwest Europe declined on Wednesday after a further build in US inventories incr

Published 20 Jul, 2016 07:41pm

Energy

North Sea Crude-Forties rises, sea storage offers dampen gains

LONDON: Forties differentials rose on Wednesday due to higher bidding from Vitol, although offers of cargoes from floati

Published 20 Jul, 2016 07:35pm

Energy

Oil prices rebound on US data

LONDON: Oil prices on Wednesday recovered from two-month lows, as traders reacted to a drop in crude inventories in the

Published 20 Jul, 2016 05:01pm

Energy

Brent oil edges up in subdued trade before US stocks data

LONDON: Brent oil prices edged higher on Wednesday in muted trading as investors awaited a clearer signal from weekly U.

Published 20 Jul, 2016 01:30pm

Energy

Angola's LNG export plant shuts down for planned testing

MILAN: Angola's liquefied natural gas (LNG) export facility has been shut down until mid- to late-August for a plann

Published 20 Jul, 2016 08:01am

Energy

Oil market extends losses

LONDON: World oil prices pulled back Monday as the global glut returned to focus as worries eased about the effects of T

Published 19 Jul, 2016 11:25am

Energy

Europe Distillates-Diesel cracks sink to two-month low

LONDON: Benchmark diesel refining margins in northwest Europe dropped to their lowest levels in over two months as swell

Published 18 Jul, 2016 08:06pm

Energy

Europe Gasoline/Naphtha-Gasoline crack firms on west African demand

LONDON: Gasoline margins firmed slightly on the back of some west African demand but market oversupplied continued in th

Published 18 Jul, 2016 07:47pm

Energy

Russia's Gazprom says easier to deal with Britain outside EU

MOSCOW: Russian gas giant Gazprom will find it easier to do business with Britain if the nation leaves the European Unio

Published 18 Jul, 2016 07:35pm

Energy

Oil market drifts lower

LONDON: World oil prices dampened Monday on fading supply concerns following a failed coup in Turkey over the weekend.At

Published 18 Jul, 2016 02:09pm

Energy

Oil prices largely unchanged as market shrugs off Turkey coup bid

LONDON: Oil prices were largely unchanged on Monday as traders shrugged off the impact of the attempted coup in Turkey,

Published 18 Jul, 2016 01:21pm

Energy

Oil falls on persistent glut fears, China data supports

LONDON: Crude futures dipped towards $47 a barrel on Friday on concerns that a persistent global glut of crude oil and r

Published 15 Jul, 2016 03:27pm

Energy

ExxonMobil declares force majeure on Nigeria's Qua Iboe crude oil

LONDON: ExxonMobil subsidiary Mobil Producing Nigeria has declared force majeure on exports of Nigeria's Qua Iboe cr

Published 15 Jul, 2016 02:57pm

Energy

Med Crude-Poor refining margins may end Azeri, CPC price rally

MOSCOW: Premiums for sweet Caspian grades in the Mediterranean remained firm on Thursday on eager buying interest for sw

Updated 19 Apr, 2017 02:54pm

Energy

North Sea Crude-Forties differential firms as overhang starts to clear

LONDON: The Forties differential firmed on Thursday as an overhang of cargoes began to clear with some demand coming fro

Published 14 Jul, 2016 06:04pm

Energy

Oil rebounds on bargain hunting

LONDON: World oil prices rebounded Thursday as dealers snapped up bargain crude, one day after the commodity sank to fre

Published 14 Jul, 2016 01:58pm

Energy

Oil bounces after big losses but glut persists

LONDON: Oil prices rallied from sharp losses on Thursday but brokers said the downtrend could resume soon as record-high

Published 14 Jul, 2016 09:09am

Energy

Oil prices drop before more US stockpiles data

LONDON: Oil prices fell on Wednesday after data indicated a rise in US stockpiles, reigniting concerns about a supply gl

Published 13 Jul, 2016 02:40pm

Energy

Oil drops on IEA glut warning, rise in US stocks

LONDON: Oil fell on Wednesday as the International Energy Agency (IEA) warned that a global supply glut continued to wei

Published 13 Jul, 2016 10:39am

Energy

French carbon pricing committee proposes tax on coal-fired power plants

PARIS: A French government advisory committee has recommended that France increase taxation on coal-fired power plants,

Published 11 Jul, 2016 04:52pm

Energy

Oil falls further under $50 on Asia demand concern

LONDON: Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications o

Published 11 Jul, 2016 10:31am

Energy

Oil falls further under $50 on Asia demand concern

LONDON: Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications o

Published 11 Jul, 2016 10:31am

Energy

Oil prices edge up as Brent pushes further above $50

LONDON: Crude prices edged up on Monday, building on recent gains with Brent holding above $50 after Nigerian militants

Published 04 Jul, 2016 12:36pm

Energy

Asian buying of West African crude to edge higher in July

LONDON: Loadings of West Africa oil heading for Asia are set to edge higher in July, supported by firm demand for Angola

Published 01 Jul, 2016 05:16pm

Energy

Europe Distillates-Diesel cracks slid on subdued demand

LONDON: European diesel margins edged lower on Friday as limp demand and full tanks offset an expected decline in cargo

Published 01 Jul, 2016 05:14pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks sink on ample supply

LONDON: Ample supply and weakening overseas demand pushed northwest European gasoline cracks to their lowest in more tha

Published 01 Jul, 2016 05:02pm

Energy

Oil falls as oversupply concerns return to centre stage

LONDON: Oil prices eased on Friday as the market's focus returned to oversupply as production from Nigeria and Canad

Published 01 Jul, 2016 04:02pm

Energy

North Sea BFOE crude oil supply to fall in July

LONDON: Supply of the four North Sea crude oil grades that underpin the Brent oil benchmark will fall in August, loading

Published 01 Jul, 2016 03:34pm

Energy

Med Crude-Urals hits 6-month highs in Mediterranean, Iran sends crude to Poland

MOSCOW: Urals crude differentials in the Mediterranean have scaled to a six-month high on limited supply from Novorossii

Published 30 Jun, 2016 05:06pm

Energy

Norway oil wage talks begin as workers threaten strike

OSLO: Energy companies and trade unions in Norway began two-day wage talks on Thursday in a bid to avert a strike that w

Published 30 Jun, 2016 01:03pm

Energy

Norway oil and gas output to fall by 6pc in case of strike

OSLO; Norwegian oil companies and trade unions began two-day wage talks on Thursday in a bid to avert a strike that woul

Published 30 Jun, 2016 12:01pm

Energy

Oil falls towards $50 on higher supply outlook, economic worries

LONDON: Oil fell towards $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic ou

Published 30 Jun, 2016 10:36am

Energy

Russia's Gazprom to announce gas supply auction for Europe in July

MOSCOW: Russia's Gazprom plans to announce a gas auction for autumn-winter gas deliveries to North-Western Europe ne

Published 30 Jun, 2016 10:33am

Energy

Premature to say if Turkstream gas project will be resumed

MOSCOW: The Kremlin said on Thursday that it is still premature to say whether the Turkstream natural gas pipeline proje

Published 30 Jun, 2016 10:08am

Energy

Med Crude-Urals extend gains in the Med, Baltic crude loadings set to rise

MOSCOW: Urals crude differentials extended gains in the Mediterranean amid strong buying interest from Litasco and attra

Published 29 Jun, 2016 06:41pm

Energy

Statoil nabs 10pc of WAfrican oil route to China's teapots

LONDON: Norway's Statoil has claimed 10 percent of the highly coveted oil trade route between west Africa and China&

Published 29 Jun, 2016 06:38pm

Energy

Oil prices recover with global markets

LONDON: Oil prices extended gains on Wednesday, tracking a recovery in equity markets as leaders look to temper fears ov

Published 29 Jun, 2016 11:58am

Energy

Oil prices rise after Brexit shock; Norway strike threat supports

LONDON: Oil rose on Wednesday as traders poured money back into markets hit by the initial shock of Britain's vote t

Published 29 Jun, 2016 10:37am

Energy

Europe Gasoline/Naphtha-Gasoline crack weakens as glut lingers

LONDON: Gasoline margins continued to decline on the back of firming crude prices and an on-going glut. The recent sharp

Published 28 Jun, 2016 06:16pm

Energy

Med Crude-Urals stable in the north of Europe, higher in south

MOSCOW: Urals differentials strengthened further in the Mediterranean as buyers showed interest in the grade amid lower

Updated 19 Apr, 2017 02:55pm

Energy

North Sea Crude-Forties stays weak, August programmes start to emerge

LONDON: Forties differentials stayed at a discount to dated Brent on Tuesday, pressured by ample supply for July loading

Published 28 Jun, 2016 05:12pm

Energy

Oil prices rebound in post-Brexit bargain hunting

LONDON: Oil prices rose above $48 a barrel on Tuesday as investors took advantage of a two-day slide in crude following

Published 28 Jun, 2016 11:11am

Energy

West Africa Crude-Over half August Angolan traded, Nigerian lags

LONDON: About 60 percent of Angola's August programme has been absorbed by the market, one trader said. July loading

Published 27 Jun, 2016 06:48pm

Energy

Oil prices fall again after Brexit vote

LONDON: Oil prices slid on Monday as market participants absorbed the shock of Britain's vote to leave the European

Published 27 Jun, 2016 01:10pm

Energy

Oil price hovers nervously after Brexit losses

LONDON: Bargain-hunting investors helped to support world oil prices Monday despite deep uncertainty following Britain&#

Published 27 Jun, 2016 11:21am

Energy

North Sea Crude-Forties levels sink on weak margins, Brexit

LONDON: Forties crude levels weakened on Friday following widespread uncertainty after the British referendum and weaker

Published 24 Jun, 2016 07:24pm

Energy

BP says to keep UK headquarters despite British EU exit vote

LONDON: Oil major BP said on Friday its headquarters would remain in the United Kingdom, despite Britain voting to leave

Published 24 Jun, 2016 03:14pm

Energy

Oil prices slide as Britain votes to leave EU

LONDON: World oil prices plunged Friday, mirroring sentiment on stock markets, as the dollar strengthened in reaction to

Published 24 Jun, 2016 03:13pm

Energy

Russia expects short-term oil market volatility after Brexit

MOSCOW: Russian Energy Ministry expects oil price volatility to increase in the short term after Britain's vote in f

Published 24 Jun, 2016 12:40pm

Energy

Oil prices dive as Britain votes to leave EU

LONDON: Oil prices slumped by more than 6 percent on Friday after Britain voted to leave the European Union, raising fea

Published 24 Jun, 2016 12:22pm

Energy

North Sea Crude-Forties rises, first time in two weeks

LONDON: North Sea Forties crude price differentials rose on Thursday for the first time in two weeks, after higher bids

Published 23 Jun, 2016 07:02pm

Energy

West Africa Crude-Angolan clearing quickly; weaker US grades limit arb opportunity

LONDON: Reuters shipping data showed Unipec booked four VLCCs in the last two days to ship West African crude to China i

Published 23 Jun, 2016 07:00pm

Energy

Europe Distillates-Diesel cracks hold, despite stock draw

LONDON: Diesel benchmark refining margins in northwest Europe remained steady on Thursday, holding above $10 a barrel, d

Published 23 Jun, 2016 07:00pm

Energy

Med Crude-Urals lower in the Med on low demand, surplus of alternative grades

MOSCOW: Urals crude in the Mediterranean was lower for a third day on Thursday as there was only limited demand after th

Published 23 Jun, 2016 06:52pm

Energy

Oil lifted by other markets ahead of Britain's EU vote

LONDON: Oil prices rose by up to 2 percent, shrugging off a smaller-than-expected draw on US crude stocks as money and e

Published 23 Jun, 2016 02:49pm

Energy

Oil prices stage slight rebound

LONDON: World oil prices rose on Thursday, reversing the previous day's losses that were caused by a smaller-than-ex

Published 23 Jun, 2016 12:24pm

Energy

Oil rises as investors focus on Britain's EU referendum

LONDON: Oil prices rose by up to 2 percent on Thursday, shrugging off a smaller than expected draw on U.S. crude stocks

Published 23 Jun, 2016 12:15pm

Energy

Europe Distillates-Diesel cracks hold, French buying supports

LONDON: Diesel benchmark refining margins in northwest Europe were little change on Wednesday, holding above $10 a barre

Published 22 Jun, 2016 05:48pm

Energy

Europe Gasoline/Naphtha-Gasoline margins rise despite US stock build

LONDON: Gasoline refining margins in northwest Europe firmed again on Wednesday despite rising gasoline stocks in the Un

Published 22 Jun, 2016 05:32pm

Energy

West Africa Crude-Traders focus on flurry of tenders

LONDON: A Nigerian militant group known as the Niger Delta Avengers which has been attacking oil facilities might agree

Published 22 Jun, 2016 05:29pm

Energy

North Sea Crude-Forties diffs fall further

LONDON: North Sea crude oil differentials fell on Wednesday, leaving Forties at its lowest since early May, as owners of

Published 22 Jun, 2016 05:20pm

Energy

Med Crude-Urals lower in the Mediterranean, unchanged in the north

MOSCOW: Urals crude differentials the Mediterranean fell for a second day on Wednesday, while the loading schedule for t

Published 22 Jun, 2016 05:18pm

Energy

Gazprom prepares cold reception for US super-cooled gas

MILAN/LONDON: Liquefied natural gas (LNG) from the United States is set to do battle in Europe but Russia's Gazprom

Published 22 Jun, 2016 02:57pm

Energy

Oil prices rise before US data

LONDON: Oil prices climbed Wednesday awaiting US inventory data -- and as traders reacted to a weaker dollar, unrest in

Published 22 Jun, 2016 11:46am

Energy

Oil producers keep output freeze revival on standby if prices weaken

LONDON/DUBAI: Russian Energy Minister Alexander Novak has a contrarian message for those who question the wisdom of free

Published 22 Jun, 2016 11:26am

Energy

Oil rises further above $50 on API report, braced for Brexit volatility

LONDON: Oil rose further above $50 a barrel on Wednesday after an industry report showed a large drop in US crude invent

Published 22 Jun, 2016 09:55am

Energy

Oil market dips

LONDON: Oil prices fell Tuesday on profit-taking as dealers awaited this week's US crude inventories data and Britai

Published 21 Jun, 2016 06:53pm

Energy

Oil market dips

LONDON: Oil prices hit reverse Tuesday, snapping two days of gains as dealers awaited this week's US crude inventori

Published 21 Jun, 2016 11:58am

Energy

Oil prices slip after rally as market turns cautious

LONDON: Oil prices fell on Tuesday after a strong two-day rally abated amid volatility fed in part by a vote later this

Published 21 Jun, 2016 10:24am

Energy

Russia beats Saudis for third straight month as China's top crude supplier

BEIJING: Russia beat out Saudi Arabia as China's largest oil supplier in May, customs data showed on Tuesday, markin

Published 21 Jun, 2016 09:51am

Energy

Europe Product Swaps-Gasoline swaps fall on high stocks, weak demand

LONDON: Gasoline refining margins swaps in northwest Europe weakened in the week to Monday, as high inventories failed t

Published 20 Jun, 2016 03:45pm

Energy

BP approves investment in Egypt gas field 15 months after discovery

LONDON: British oil major BP has approved investment in the first phase of developing the large Atoll gas field offshore

Published 20 Jun, 2016 12:58pm

Energy

Shell puts revamped shale arm at heart of growth drive

LONDON: Having turned round its North American shale business, Royal Dutch Shell is putting so-called unconventional ene

Published 20 Jun, 2016 12:27pm

Energy

Vitol hires former trading boss of Total as head of Africa

LONDON: The world's largest oil trading house, Vitol, has hired the former head of trading of French oil major Total

Published 20 Jun, 2016 12:24pm

Energy

Oil rallies as fears over Brexit abate

LONDON: Oil rallied on Monday, lifted by a wave of investor confidence and a weaker dollar after polls showed a diminish

Published 20 Jun, 2016 09:28am

Energy

Rosneft's stake too large for public placement

ST PETERSBURG: The planned sale of a 19.5 percent Russian government stake in top national oil producer Rosneft might be

Published 17 Jun, 2016 07:07pm

Energy

Indian consortium to pay $2.1bn for stake in Rosneft's Vankor

MOSCOW: A consortium of Indian oil companies will pay just over $2 billion for a 23.9 percent stake in Russian oil produ

Published 17 Jun, 2016 05:10pm

Energy

Crude oil prices rise for first time in seven days

LONDON: Crude oil prices rose on Friday for the first time in seven days, but trading remains volatile less than a week

Published 17 Jun, 2016 01:49pm

Energy

North Sea Crude-Forties diffs fall, dented by unsold barrels

LONDON: Forties differentials fell on Thursday to their lowest level since early May, as an overhang of unwanted crude c

Published 17 Jun, 2016 01:33pm

Energy

Angola launches tender to sell third cargo since shutdown

MILAN: Angola's liquefied natural gas (LNG) export plant on Friday launched a tender to sell its third cargo since r

Published 17 Jun, 2016 12:12pm

Energy

Russia's Gazprom says gas exports via Nord Stream up 25pc so far in 2016

ST PETERSBURG: Russia's gas giant Gazprom said on Friday that gas exports to Europe via undersea Nord Stream pipelin

Published 17 Jun, 2016 08:22am

Energy

Med Crude-Urals little changed, Azeri light supported

MOSCOW: Urals differentials were little changed on Thursday with no clear understanding on export levels for July so far

Updated 19 Apr, 2017 02:56pm

Energy

North Sea Crude-Forties diffs fall, dented by unsold barrels

LONDON: Forties differentials fell on Thursday to their lowest level since early May, as an overhang of unwanted crude c

Published 16 Jun, 2016 07:02pm

Energy

Russia announces tender to build 3rd line of Sakhalin-2 ST

PETERSBURG: Russia's Sakhalin Energy has called a tender to build a third production line at the Sakhalin-2 liquefie

Published 16 Jun, 2016 06:56pm

Energy

Oil loses more ground

LONDON: Oil fell for the sixth straight session Thursday on lingering worries over weaker-than-expected crude demand in

Published 16 Jun, 2016 06:32pm

Energy

Angola's August crude oil exports to rise to 1.74 million bpd

LONDON: Angola plans to export 56 crude oil cargoes in August, up from the 55 planned for July, according to a provision

Published 16 Jun, 2016 01:30pm

Energy

Gasoline appeal fades as refiners chase the next profit boost

LONDON: Just as drivers hit the road for summer holidays, refiners are turning the taps down on gasoline as a global exc

Published 16 Jun, 2016 01:27pm

Energy

Gazprom, Shell sign memo on Baltic LNG project

ST PETERSBURG: Gazprom and Shell signed on Thursday a memorandum of understanding on construction of a liquefied natural

Published 16 Jun, 2016 01:03pm

Energy

Oil hits three-week low on weak U.S. stock draw, Brexit fear

LONDON: Oil prices hit their lowest in more than three weeks on Thursday, the sixth straight day of losses and longest b

Published 16 Jun, 2016 09:00am

Energy

Russia to cut oil exports to Belarus to 3.5mn T in Q3

MOSCOW: Third-quarter Russian oil supplies to Belarus will decline to 3.5 million tonnes from 5.75 million tonnes in the

Published 16 Jun, 2016 08:12am

Energy

Shell says Philippines unit preparing for stock market listing

LONDON: Oil major Royal Dutch Shell said on Wednesday its subsidiary in the Philippines, Pilipinas Shell Petroleum Corpo

Published 15 Jun, 2016 05:39pm

Energy

Europe Distillates-Diesel cracks steady as market pulls balance out

LONDON: Diesel margins held steady on Wednesday as the return of some refineries from maintenance counterbalanced restoc

Published 15 Jun, 2016 05:36pm

Energy

North Sea oil output in July to rise after field maintenance ends

LONDON: North Sea crude output is set to rise in July after four months of declines, loading programmes indicated, creat

Published 15 Jun, 2016 03:31pm

Energy

Oil loses more ground below $50 hit by Brexit, inventory rise

LONDON: Oil prices on Wednesday were on course for a fifth fall in what would be their longest losing streak since Febru

Published 15 Jun, 2016 01:28pm

Energy

Gold eases from six-week high ahead of Fed decision

LONDON: Gold fell from the previous session's six-week high ahead of a Federal Reserve policy decision later on Wedn

Published 15 Jun, 2016 01:28pm

Energy

BP plans to keep its stake in Russia's Rosneft unchanged

MOSCOW: International oil major BP plans to keep its stake in Russian oil giant Rosneft at the current level, Interfax n

Published 15 Jun, 2016 12:22pm

Energy

Norway MPs vote to go carbon neutral by 2030

OSLO: Lawmakers have voted for Norway, a major energy-producing nation, to become carbon-neutral by 2030, two decades ah

Published 15 Jun, 2016 12:09pm

Energy

Russia's Gazprom says exports to Europe and Turkey up 15pc year-to-date

MOSCOW: Russian gas giant Gazprom said on Wednesday its gas exports to Europe and Turkey have increased 15 percent from

Published 15 Jun, 2016 12:01pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks extend losses, Med demand emerges

LONDON: Gasoline refining margins in northwest Europe fell for a second consecutive session on weak prompt demand and ri

Published 14 Jun, 2016 06:05pm

Energy

Pemex to speed up overhaul to beat falling oil output

LONDON: Mexico's national oil company plans a wave of new asset sales and production partnerships to navigate throug

Published 14 Jun, 2016 05:56pm

Energy

West Africa Crude-Trade thin as Angolan programme awaited, weaker margins

LONDON: Traders said offers for Nigerian grades were too high to tempt refiners which are under pressure from falling ma

Published 14 Jun, 2016 05:50pm

Energy

Russia's offline primary oil refining capacity seen at 1.56mn T in July

MOSCOW: Russia's offline primary oil refining capacity seen at 1.56 million tonnes in July, down from revised 1.98 m

Published 14 Jun, 2016 04:01pm

Energy

IEA sees oil market balance in 2016, surplus to re-emerge next year

LONDON: The oil market is now in balance thanks to unplanned outages and robust demand, particularly from emerging econo

Published 14 Jun, 2016 01:55pm

Energy

Russia's Gazprom expects China's gas consumption to double

MOSCOW: Russia's top gas producer Gazprom expects China's gas consumption to more than double, deputy CEO Alexan

Published 14 Jun, 2016 12:59pm

Energy

Total says to acquire Belgian renewable power provider Lampiris

PARIS: French oil and gas company Total plans to take over Belgium's third-largest largest residential supplier of n

Published 14 Jun, 2016 12:40pm

Energy

Oil falls as Brexit threat rattles markets

LONDON: Oil fell on Tuesday, as investor nervousness over next week's vote on Britain's possible European Union

Published 14 Jun, 2016 11:41am

Energy

Gazprom to sell 3mn tonnes of LNG in 2016

MOSCOW: Russia's top gas producer Gazprom plans to sell at least 3 million tonnes of liquefied natural gas (LNG) fro

Published 14 Jun, 2016 11:36am

Energy

Angola LNG tenders to sell second post-shutdown cargo

MILAN: Angola's liquefied natural gas (LNG) export plant has launched a tender to sell its second cargo since shutti

Published 13 Jun, 2016 05:36pm

Energy

Oil prices slip under pressure from economic worries

LONDON: Oil prices fell on Monday, weighed down by gloomy economic prospects in Europe and Asia and a related strengthen

Published 13 Jun, 2016 05:06pm

Energy

Romania may lean towards gas imports this year due to costs

BUCHAREST: Gas imports will be roughly 20 percent cheaper than Romanian stored domestic gas prices this winter, meaning

Published 13 Jun, 2016 04:10pm

Energy

Europe Product Swaps-Gasoline swaps weakens as supplies in the region rise

LONDON: Gasoline refining margins swaps in northwest Europe weakened in the week to Monday.French CGT union workers have

Published 13 Jun, 2016 03:37pm

Energy

OPEC sees oil glut shrinking in second half of year

LONDON: OPEC has forecast that the world oil market will be more balanced in the second half of the year as outages in N

Published 13 Jun, 2016 11:25am

Energy

Oil prices under pressure from rising economic concerns

LONDON: Oil prices fell on Monday, weighed down by gloomy economic prospects in Europe and Asia and a related strengthen

Published 13 Jun, 2016 09:30am

Energy

Oil price fall may even curb global growth: ECB

FRANKFURT: The fall in oil prices over the past two years will add less to global growth than earlier thought and the ov

Published 13 Jun, 2016 08:57am

Energy

Coming wave of gas puts focus on finding new shores

LONDON: Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets

Published 12 Jun, 2016 04:27pm

Energy

Resumption and pricing of Russian gas supplies depend on Ukraine

MOSCOW: A resumption of Russia's gas supplies to Ukraine and pricing for the deliveries will depend on proposals put

Published 12 Jun, 2016 04:12pm

Energy

Ukraine says Russian gas too pricey

KIEV: Ukraine said Friday it would not purchase natural gas from Russia at the price offered by Moscow and instead tap E

Published 10 Jun, 2016 05:54pm

Energy

North Sea Crude-Forties, Brent offered lower

LONDON: Forties and Brent were offered lower on Friday without drawing in any buyers, suggesting differentials may have

Published 10 Jun, 2016 05:16pm

Energy

Europe Gasoline/Naphtha-Gasoline prices ease as US arb closes

LONDON: Gasoline margins firmed on Friday, but prices were under pressure as a tumble in US gasoline futures threw the a

Published 10 Jun, 2016 05:13pm

Energy

Russia, India to hold talks on gas supplies this month

MOSCOW: Russian and Indian officials will hold talks on the direct supply of natural gas from Russia to India in New Del

Published 10 Jun, 2016 01:26pm

Energy

Russia's Yamal LNG gets first 1bn Euro tranche from Russian banks

MOSCOW: Russia's Novatek-led Yamal liquefied natural gas (LNG) project said on Friday it had received its first fina

Published 10 Jun, 2016 01:15pm

Energy

Russia's Gazprom says exports to Austria up 20pc y/y

MOSCOW: Russian natural gas producer Gazprom said on Friday its export volumes to Austria had increased by almost 20 per

Published 10 Jun, 2016 01:02pm

Energy

BP wisely chooses growth over control in Norway

MADRID: BP is wisely choosing growth over control in Norway. The UK oil major is teaming with Det norske and its main in

Published 10 Jun, 2016 12:16pm

Energy

Argentina launches tender to buy 5 LNG cargoes

MILAN: Argentina has launched a tender to purchase five liquefied natural gas (LNG) cargoes for delivery between June an

Published 10 Jun, 2016 12:01pm

Energy

Russia's Gazprom says exports to Austria up 20pc

MOSCOW: Russian natural gas producer Gazprom said on Friday its export volumes to Austria had increased by almost 20 per

Published 10 Jun, 2016 10:55am

Energy

Oil hits 2016 highs before turning lower on profit taking

LONDON: Oil prices fell on Thursday as traders took profits after three sessions of gains and after reaching 2016 highs

Published 09 Jun, 2016 03:12pm

Energy

Bulgaria, Slovakia firms sign MoU on planned Eastring gas pipeline

SOFIA: The gas pipeline operators of Slovakia and Bulgaria signed an memorandum of understanding on Thursday to work tog

Published 09 Jun, 2016 02:53pm

Energy

Russia's oil products exports via Vysotsk to rise 27pc in June/May

MOSCOW: Oil products exports via Russian Baltic Sea port of Vysotsk, controlled by Lukoil oil producer, are set to rise

Published 09 Jun, 2016 02:37pm

Energy

Oil prices resume drop after fresh highs

LONDON: Oil prices hit fresh highs for the year on Thursday, before retreating on profit-taking, according to traders.Cr

Published 09 Jun, 2016 02:20pm

Energy

Oil prices fall on profit taking after hitting 2016 highs

LONDON: Oil prices fell on Thursday as traders took profits after three sessions of gains, though prices remained close

Published 09 Jun, 2016 01:50pm

Energy

No new Australian LNG projects doesn't mean no new LNG: Russell

LAUNCESTON: Conventional wisdom in the liquefied natural gas (LNG) sector is that no new projects will be built for seve

Published 09 Jun, 2016 01:48pm

Energy

Asia Fuel Oil-Spreads weaken further as ample supplies outweigh Nigeria concerns

SINGAPORE: Spreads for 380-centistoke high sulphur fuel plunged to a seven-month low on Thursday after official data sh

Published 09 Jun, 2016 01:43pm

Energy

Nigeria's TNP pipeline carrying Bonny Light crude shut down

LONDON: Nigeria's Trans Niger Pipeline, one of two major pipelines that carries the Bonny Light crude grade for expo

Published 09 Jun, 2016 01:39pm

Energy

European gasoline stocks surge 8pc from year ago

LONDON: European refineries reduced their crude oil intake in May due to maintenance as gasoline stocks surged 8 percent

Published 09 Jun, 2016 01:15pm

Energy

Denmark's Dong Energy takes bourse by storm

COPENHAGEN: Danish utility and offshore wind farm operator Dong Energy on Thursday became one of Europe's biggest in

Published 09 Jun, 2016 10:49am

Energy

Oil prices soften on profit taking after hitting 2016 highs

LONDON: Oil prices edged lower on Thursday as traders took profits after three sessions of gains, though prices remained

Published 09 Jun, 2016 09:16am

Energy

Oil prices hit new 2016 highs

LONDON: Oil prices hit fresh 2016 highs Wednesday on Nigerian supply concerns and a weaker dollar, as traders awaited en

Published 08 Jun, 2016 01:34pm

Energy

Oil hits eight-month high on disruptions, Chinese demand

LONDON: Oil prices jumped to their highest level in eight months on Wednesday, rising for a third consecutive session on

Published 08 Jun, 2016 11:53am

Energy

Europe Gasoline/Naphtha-Gasoline cracks slide as exports in question

LONDON: Gasoline refining margins in northwest Europe fell to their lowest in nearly a month on Tuesday as arbitrage to

Published 07 Jun, 2016 06:11pm

Energy

North Sea Crude-Forties diffs dented by supply overhang

LONDON: North Sea Forties differentials fell on Tuesday, under pressure from a growing overhang of crude in the region,

Published 07 Jun, 2016 06:03pm

Energy

Russia's Gazprom and Germany's RWE agree new gas supply terms

IRKUTSK/MOSCOW: Gazprom Export, a unit of Russia's top natural gas producer Gazprom, and German power utility RWE ha

Published 07 Jun, 2016 05:37pm

Energy

Oil hits 2016 high, driven by falling supply and weaker dollar

LONDON: Oil prices hit their highest in eight months on Tuesday, buoyed by the dollar nearing one-month lows and by fall

Published 07 Jun, 2016 03:29pm

Energy

Oil prices rise on Nigeria tensions, weaker dollar

LONDON: Oil prices rose on Tuesday, with Brent reaching a near eight-month high on unrest in Africa's biggest crude

Published 07 Jun, 2016 01:39pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks fall as French refineries restart

LONDON: Gasoline refining margins in northwest Europe fell on Monday on expectations of rising supplies as Total said it

Published 06 Jun, 2016 07:27pm

Energy

Europe Distillates-Diesel cracks weaken as French refineries begin restart

LONDON: Diesel refining margins in northwest Europe dropped below $10 a barrel on Monday after French refineries began r

Published 06 Jun, 2016 07:24pm

Energy

North Sea Crude-Forties stays at discount as ample prompt supply weighs

LONDON: Forties crude differentials remained at a discount to benchmark dated Brent on Monday as ample prompt supplies w

Published 06 Jun, 2016 06:00pm

Energy

W. Africa Crude-Bonny production down, but Angolan trading well

LONDON: Bonny Light production is down by some 170,000 barrels per day (bpd) due to recent attacks, according to a sourc

Published 06 Jun, 2016 05:32pm

Energy

Med Crude-Urals up in northwest Europe as Total refineries begin restart

MOSCOW: Urals crude differentials in the Baltic were higher on Monday as preliminary operations were underway to restart

Published 06 Jun, 2016 05:25pm

Energy

Nigeria's Bonny Light crude output down by estimated 170,000 bpd

LONDON: Nigerian production of Bonny Light crude oil is down by an estimated 170,000 barrels per day (bpd) following rec

Published 06 Jun, 2016 03:52pm

Energy

Oil prices rise on dollar slump

LONDON: Oil prices pushed higher Monday thanks to a softer dollar caused by last week's disappointing US jobs report

Published 06 Jun, 2016 02:09pm

Energy

Oil price plasters over OPEC rifts - for now

VIENNA: OPEC looks to be in a happier place with oil prices recovering, but its inability to agree an output ceiling to

Published 05 Jun, 2016 07:47am

Energy

Oil prices hover close to $50

LONDON: Oil hovered close to $50 per barrel this week as traders tracked OPEC's refusal to set production limits and

Published 03 Jun, 2016 05:31pm

Energy

Nigerian militants warn of "zero" oil output in new attacks

LONDON/ONITSHA: The Niger Delta Avengers militant group has claimed three new attacks on Nigeria's battered oil infr

Published 03 Jun, 2016 05:19pm

Energy

OPEC to keep oil gushing, fails to agree ceiling

VIENNA: OPEC decided Thursday to keep oil gushing after a moderate recovery in the crude eased the pressure to limit out

Published 03 Jun, 2016 11:50am

Energy

Brent oil tops $50 again on US inventories

LONDON: Brent oil prices topped $50 again on Thursday as traders reacted to signs of stronger than expected US demand an

Published 02 Jun, 2016 10:32pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks gain on ARA, US stock draws

LONDON: Gasoline refining margins in northwest Europe rose on Thursday, supported by large stock draws in the ARA hub an

Published 02 Jun, 2016 07:34pm

Energy

North Sea Crude-Forties lower despite scarce prompt-loading barrels

LONDON: North Sea crude differentials edged lower on Thursday, in a day of sluggish trade, although low availability of

Published 02 Jun, 2016 06:05pm

Energy

Total says plans to restart France's Donges refinery without delay

PARIS: French oil and gas company Total said on Thursday it plans to restart its 220,000 barrels-per-day Donges refinery

Published 02 Jun, 2016 05:52pm

Energy

Med Crude-Urals up in north and south of Europe, CPC supported

MOSCOW: Urals differentials were up in northwest Europe due to demand for Urals cargoes loading from Baltic ports in the

Updated 19 Apr, 2017 02:57pm

Energy

W. Africa Crude-Trading limited, but Nigeria's Qua regains output

LONDON: OPEC failed to agree on output policy or set an output ceiling at its meeting on Thursday, but Saudi Arabia prom

Published 02 Jun, 2016 05:47pm

Energy

Europe Distillates-Diesel margins firm on stock draws, continuing French strikes

LONDON: Diesel refining margins in northwest Europe touched $11 a barrel on Thursday, nearing late May's six-month h

Published 02 Jun, 2016 05:41pm

Energy

Russian oil output falls slightly in May to 10.83mn bpd

MOSCOW: Russian oil output stood at 10.83 million barrels per day (bpd) in May, slightly down for a second straight mont

Published 02 Jun, 2016 09:51am

Energy

Oil set for third week of gains, OPEC debates output policy

LONDON: Oil prices held broadly steady on Thursday, set for their third week of gains, ahead of an OPEC meeting that ana

Published 02 Jun, 2016 09:49am

Energy

OPEC happy with oil market, kingpin Saudi says

VIENNA: Saudi Arabia expressed confidence Thursday that oil prices will keep recovering, cementing expectations that a d

Published 02 Jun, 2016 09:36am

Energy

Saudi, Iran set to clash over OPEC oil output targets

VIENNA: OPEC is set for another showdown between rivals Saudi Arabia and Iran at a meeting on Thursday, with Riyadh tryi

Published 02 Jun, 2016 08:12am

Energy

W. Africa Crude-Nigerian trade slow on European light sweet glut

LONDON: Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by majo

Published 01 Jun, 2016 10:26pm

Energy

Europe Distillates-Diesel margins hold strength as excess tamed

LONDON: Diesel refining margins in northwest Europe were largely stable on Wednesday as strikes in France cut output in

Published 01 Jun, 2016 10:01pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks fall on weak export demand

LONDON: Northwest European gasoline margins fell sharply on Wednesday as slowing overseas demand outweighed supply disru

Published 01 Jun, 2016 09:58pm

Energy

Oil drops in cautious trade ahead of OPEC

LONDON: Oil prices dropped Wednesday, as traders trod cautiously before this week's OPEC meeting in Vienna, and set

Published 01 Jun, 2016 02:17pm

Energy

Gulf OPEC members seek joint action on oil output

VIENNA: Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by majo

Published 01 Jun, 2016 10:54am

Energy

Oil falls as OPEC expected to shun any output curbs

LONDON: Oil prices fell on Wednesday on expectations of OPEC inaction on output as its focus stays firmly on market shar

Published 01 Jun, 2016 10:48am

Energy

Russia diesel exports from Primorsk to decline in June

LONDON: Russia is set to export 1.168 million tonnes of ultra-low sulphur diesel from the Baltic Sea port of Primorsk in

Published 31 May, 2016 08:37pm

Energy

North Sea Crude-Differentials slip as French refineries stay offline

LONDON: North Sea differentials edged lower on Tuesday to touch a fresh four-week low as strikes at French refineries co

Published 31 May, 2016 08:36pm

Energy

Europe Gasoline/Naphtha-Weak demand in France offsets strike impact

LONDON: Gasoline margins in northwest Europe fell on Tuesday, retreating from a three-week high set last week as slow de

Published 31 May, 2016 08:30pm

Energy

Brent crude lower on strong Middle East oil output

LONDON: Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an OPEC meeting later this

Published 31 May, 2016 09:40am

Energy

Russia's Gazprom may export over 165 bcm to Europe in 2016

MOSCOW: Russia's Gazprom, the world's top conventional gas producer, may export over 165 billion cubic metres of

Published 31 May, 2016 08:49am

Energy

China's Sinopec eyes role in Rosneft's privatisation

MOSCOW: China's Sinopec is interested in taking part in the privatisation of Russia's top oil producer Rosneft,

Published 30 May, 2016 10:02pm

Energy

Oil prices slip as Iraq raises exports

LONDON: Oil prices edged lower towards $49 a barrel on Monday as Iraq raised its crude exports target ahead of an OPEC m

Published 30 May, 2016 12:40pm

Energy

Oil prices dip as Iraq raises exports

LONDON: Oil prices dipped to around $49 a barrel on Monday as Iraq raised its crude exports target ahead of an OPEC meet

Published 30 May, 2016 12:08pm

Energy

French fuel supply improving, but crisis not over

PARIS:- The fuel supply situation in France is improving, but the crisis caused by strikes is not fully over, the countr

Published 28 May, 2016 10:40am

Energy

France says fuel supply improving after depot blockades cleared

PARIS: The fuel supply situation in France is improving after a week of disruption and shortages caused by strikes and a

Published 27 May, 2016 09:38pm

Energy

West Africa Crude-Angola sells swiftly, Nigerian lingers despite attacks

LONDON: The Niger Delta Avengers attacked crude oil and gas pipelines in Warri, and warned of further attacks that "will

Published 27 May, 2016 09:17pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks ease, French strikes support

LONDON: Gasoline margins in northwest Europe eased on Friday, but stayed close to a three week high, supported by labour

Published 27 May, 2016 09:05pm

Energy

Europe Distillates-Diesel margins near 2016 high on French strikes

LONDON: Northwest European diesel refining margins rose to just above $11 a barrel on Friday, close to their highest lev

Published 27 May, 2016 08:59pm

Energy

North Sea Crude-Forties offered higher, competing supply lower

LONDON: An offer on Forties was higher on Friday than was seen available earlier in the week, supported by lower supply

Published 27 May, 2016 08:50pm

Energy

Europe Distillates-Diesel diffs gain on French strikes

LONDON: Northwest European diesel barge diffs gained on Thursday as major disruptions to French refinery operations cont

Published 26 May, 2016 08:31pm

Energy

Russia's Gazprom sees record 2016 gas exports to Europe

ST PETERSBURG: Russia's Gazprom plans to export a record 165 billion cubic metres (bcm) of gas to Europe this year,

Published 26 May, 2016 08:15pm

Energy

Oil reaches above $50 for first time this year

LONDON: Oil prices jumped Thursday above $50 for the first time this year as a long-lasting global supply glut showed in

Published 26 May, 2016 05:05pm

Energy

Oil above $50 for first time this year

LONDON: Oil prices jumped Thursday above $50 for the first time this year as a long-lasting global supply glut shows inc

Published 26 May, 2016 03:39pm

Energy

Oil tops $50, lifts commodity stocks but Fed, China weigh

LONDON: Brent crude oil topped $50 a barrel for the first time in nearly seven months on Thursday lifting commodity and

Published 26 May, 2016 01:54pm

Energy

Brent oil breaks above $50 for first time in 7 months

LONDON: Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global s

Published 26 May, 2016 01:42pm

Energy

Oil prices rise on easing US supplies

LONDON: Oil advanced Wednesday, with New York prices reaching 2016 highs, as data revealed falls to US crude inventories

Published 25 May, 2016 08:29pm

Energy

North Sea Crude-Forties steady; Shell books more Forties for Asia

LONDON: Forties differentials were unchanged on Wednesday for a second day, having reached their lowest in more than a w

Published 25 May, 2016 05:55pm

Energy

Russian oil exports from Baltic and Black Sea ports seen rising in June

MOSCOW: Russian oil exports and transit from the Baltic Sea ports and Novorossiisk expected to rise in June on a daily b

Published 25 May, 2016 02:05pm

Energy

Oil nudges $50 a barrel as investors bet on shrinking overhang

LONDON: Oil rose towards $50 a barrel on Wednesday for the first time in seven months, driven by expectations that shrin

Published 25 May, 2016 11:09am

Energy

Oil drifts lower on stronger dollar

LONDON: Oil dipped Tuesday as a stronger US dollar and progress in controlling wildfires in Canada's crude-producing

Published 24 May, 2016 03:40pm

Energy

Oil falls for fifth day as focus returns to growing exports

LONDON: Oil fell for a fifth consecutive day on Tuesday on rising production from major exporters, and as the dollar str

Published 24 May, 2016 01:48pm

Energy

Oil prices dip as Iran says no plan to freeze output

LONDON: Oil prices slipped Monday after Iran said it had no plans to join any output freeze by other major producers.Des

Published 23 May, 2016 10:24pm

Energy

ENI CEO says Nord Stream 2 would raise gas prices in Italy

BRUSSELS: Italian gas prices will increase if the Nord Stream 2 pipeline is built to double the amount of gas Russia pum

Published 23 May, 2016 09:14pm

Energy

Europe Distillates-Diesel cracks extend gains on French strikes

LONDON: Benchmark European diesel refining margins extended their gains on Monday, as strikes at French refineries widen

Published 23 May, 2016 06:17pm

Energy

West Africa Crude-Angolan July sales start, but backlog remains

LONDON: West African crude differentials were steady on Monday as July-loading cargoes started to find buyers, although

Published 23 May, 2016 06:13pm

Energy

Oil prices dip as Iran says no plan to freeze output

LONDON: Oil prices slipped Monday after Iran said it had no plans to join any output freeze by other major producers.Des

Published 23 May, 2016 02:39pm

Energy

Oil falls after Iran dampens hopes for production freeze

LONDON: Brent oil prices fell for a fourth consecutive session on Monday after Iran insisted it would not freeze crude o

Published 23 May, 2016 01:47pm

Energy

Oil falls as Iran firm on export rise, US rigs decline slower

LONDON: Brent crude prices fell for a fourth consecutive session on Monday as investor focus returned to global supply,

Published 23 May, 2016 01:07pm

Energy

Britain's FTSE advances as Royal Mail rises

LONDON: UK shares edged higher on Monday, led by a rise in Royal Mail after a spate of broker upgrades, though mining st

Published 23 May, 2016 09:17am

Energy

Med Crude-Urals prices drop in northwest Europe on ample June supply

MOSCOW: Urals differentials fell in northwest Europe on a bigger than expected export plan from Baltic ports for the fir

Updated 19 Apr, 2017 02:58pm

Energy

Europe Distillates-Diesel diffs weaken on rising supplies

LONDON: Diesel barge differentials in northwest Europe weakened on Thursday amid rising imports into the region while Fr

Published 19 May, 2016 09:08pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks ease as ARA inventories rise

LONDON: Gasoline refining margins in northwest Europe eased on Thursday, after ARA inventories rose, but French refinery

Published 19 May, 2016 09:07pm

Energy

North Sea Crude-Forties offers drop as French refineries cut demand

LONDON: Forties differentials fell on Thursday, with lower offers failing to tempt buyers. Total's five French refin

Published 19 May, 2016 08:53pm

Energy

Rosneft's Sechin says Indonesia's rising oil demand draws interest

SOCHI: Igor Sechin, the head of Russia's largest oil producer Rosneft, said on Thursday that Indonesia's rising

Published 19 May, 2016 08:49pm

Energy

Oil market extends pullback as dollar rises

LONDON: Oil prices extended their retreat Thursday after hawkish US Federal Reserve meeting minutes strengthened the dol

Published 19 May, 2016 03:45pm

Energy

Oil drops below $48 on Fed hike speculation, fading support from outages

LONDON: Oil fell below $48 a barrel on Thursday, pressured by a stronger dollar and as a surprise increase in US crude i

Published 19 May, 2016 11:13am

Energy

Argentina starts alternative energy push with 1,000 megawatt tender

BUENOS AIRES: Argentina invited bids for projects aimed at creating 1,000 megawatts of alternative energy on Wednesday i

Published 18 May, 2016 04:49pm

Energy

North Sea oil output in June to extend drop from four-year high

LONDON: North Sea crude output is set to fall for a fourth month in June from a four-year high, loading programmes indic

Published 18 May, 2016 04:18pm

Energy

Oil approaches $50 on Canadian wildfires

LONDON: Crude prices approached $50 Wednesday as escalating wildfires in Canada's oil sands region helped to reduce

Published 18 May, 2016 03:40pm

Energy

Norway opens new Arctic zones to oil exploration

OSLO: Norway awarded Wednesday Arctic drilling licenses to 13 oil companies, including in a hitherto unexplored part of

Published 18 May, 2016 03:16pm

Energy

Oil prices ease despite continued supply disruptions

LONDON: Oil futures edged lower on Wednesday, off 2016 highs hit in the previous session, as the impact of unplanned sup

Published 18 May, 2016 10:44am

Energy

Europe Distillates-Diesel cracks rise after French refinery strikes

LONDON: Benchmark European diesel refining margins rose on Tuesday to their highest in four months as a widening strike

Published 17 May, 2016 08:19pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks edge up on French strikes

LONDON: Gasoline refining margins in northwest Europe climbed on Tuesday as industrial action cut output at French refin

Published 17 May, 2016 08:18pm

Energy

Russian gas exports to Europe, Turkey up 18pc y/y in Jan 1-May 15

MOSCOW: Russian gas giant Gazprom increased its natural gas exports to Europe and Turkey between Jan. 1 and May 15 by 17

Published 17 May, 2016 07:34pm

Energy

Oil prices dip after push toward $50

LONDON: World oil prices eased Tuesday after Brent crude had pushed close to $50 a barrel thanks to fading concerns abou

Published 17 May, 2016 03:47pm

Energy

Oil eases below $49 after reaching six-month high

LONDON: Oil slipped from a six-month high to trade below $49 per barrel on Tuesday after a deal between Libyan factions

Published 17 May, 2016 01:05pm

Energy

North Sea Crude-Forties, Brent rise on tighter supply, Nigerian outages

LONDON: North Sea Forties and Brent differentials rose, supported by tighter June supply and Nigerian outages, although

Published 16 May, 2016 09:38pm

Energy

W. Africa Crude-Nigeria production falls nearly 40 pct, Angola exports rise

LONDON: Nigeria's oil production has fallen by almost 40 percent to 1.4 million barrels a day due to militant attack

Published 16 May, 2016 09:25pm

Energy

Oil prices begin week with 2016 highs

LONDON: Oil prices hit new 2016 highs Monday, as a slowdown in US drilling added to growing expectations the global supp

Published 16 May, 2016 03:40pm

Energy

Oil prices rise on Nigeria outages, Goldman forecast

LONDON: Oil prices jumped over 2 percent on Monday to their highest since November 2015 on growing Nigerian oil output d

Published 16 May, 2016 02:06pm

Energy

GLOBAL LNG-Prices tick higher as supplies tighten

MILAN/LONDON: Asian liquefied natural gas (LNG) prices firmed this week as supply growth from new and existing producers

Published 13 May, 2016 04:07pm

Energy

Oil falls as dollar strengthens but traders eye Nigerian outages

LONDON: Oil prices ended a three-day bull run on Friday, falling as a strong dollar weighed and investors cashed in on r

Published 13 May, 2016 12:40pm

Energy

Oil price falls from 2016 high

LONDON: Oil prices fell Thursday on profit-taking, after New York crude reached the highest level this year on signs tha

Published 12 May, 2016 09:15pm

Energy

Oil prices near six-month peaks

LONDON: Oil prices held near six-month peaks on Thursday as the IEA forecast a sharp drop in the supply glut, and follow

Published 12 May, 2016 03:49pm

Energy

Oil rises towards six-month high after IEA sees tighter supply

LONDON: Oil prices rose towards six-month highs on Thursday, supported by data from the International Energy Agency (IEA

Published 12 May, 2016 01:25pm

Energy

Oil prices jump on US data

LONDON: Oil prices rallied further Wednesday after data revealed an unexpected drop in US crude inventories, with analys

Published 11 May, 2016 08:55pm

Energy

Oil prices rebound sharply

LONDON: The oil market climbed Tuesday, rebounding from the previous day's heavy losses that were triggered by reced

Published 10 May, 2016 08:36pm

Energy

Europe Product Swaps-Diesel swaps weaken as supplies rise

LONDON: Diesel barge differential swaps in northwest Europe declined in the two weeks to Tuesday as supplies in the regi

Published 10 May, 2016 05:57pm

Energy

West Africa Crude-Outages, US demand lend suppport

LONDON: West African crude differentials were supported on Tuesday by production outages and demand for medium and heavy

Published 10 May, 2016 05:32pm

Energy

Europe Gasoline/Naphtha-Gasoline margins slip below $10 on heavy supply

LONDON: Northwest European gasoline barge refining margins fell to their lowest since late March on Tuesday, weighed dow

Published 10 May, 2016 05:26pm

Energy

Germany's Jan/March oil import bill down 37pc yr-yr

FRANKFURT: Germany spent 5.1 billion euros ($5.8 billion) on crude oil imports in the first three months of this year, 3

Published 09 May, 2016 01:35pm

Energy

Oil rises after Canada fire knocks out production

LONDON: Oil rose on Monday after Canada's most destructive wildfire in recent memory knocked out over a million barr

Published 09 May, 2016 01:12pm

Energy

Total to acquire battery maker Saft for $1.1bn

PARIS: Total said on Monday it has agreed to buy France based battery manufacturer Saft Groupe for 950 million euros ($1

Published 09 May, 2016 12:36pm

Energy

GLOBAL LNG-Pick-up in import demand anticipated after price slip

LONDON: Traders anticipate more buying interest for liquefied natural gas (LNG) from importers including Japan and Argen

Published 06 May, 2016 04:55pm

Energy

Spain's Repsol posts falling profits but beats expectations

MADRID: Spain's oil giant Repsol said Thursday that profits fell at the start of the year but that cost-cutting had

Published 05 May, 2016 10:24am

Energy

EU carbon prices rise 6 pct on energy complex, German price plans

LONDON: European carbon prices rose 6 percent on Thursday, buoyed by gains across the energy complex and a draft documen

Published 05 May, 2016 10:19am

Energy

Oil pares gains as US crude stocks post bigger build

LONDON: Oil prices pared gains on Wednesday as a bigger than expected gain in US crude stocks tempered concerns about re

Published 04 May, 2016 03:33pm

Energy

Oil firms before US inventories

LONDON: Oil prices rose Wednesday before the release of US inventories data, but a pick-up in the dollar and rising Iran

Published 04 May, 2016 02:05pm

Energy

Oil rises above $45 after slide, Canada wildfire supports

LONDON: Oil rose above $45 a barrel on Wednesday as reduced production in Canada's oil sands region due to a wildfir

Published 04 May, 2016 01:42pm

Energy

Oil drops as higher output stokes concern over supply glut

LONDON: Oil fell on Tuesday as rising output from the Middle East renewed concerns about global oversupply while economi

Published 03 May, 2016 02:36pm

Energy

West African oil sailing east down in May on cooled Chinese buying

LONDON: Chinese loadings of West African crude oil fell back from 19-month highs in May as delivery delays, port congest

Published 03 May, 2016 02:22pm

Energy

Russian oil output down in April, but still close to record

MOSCOW: Russian oil output fell slightly to 10.84 million barrels per day (bpd) in April, Energy Ministry data showed on

Published 02 May, 2016 12:51pm

Energy

Oil prices retreat from 2016 highs on OPEC output boost

LONDON: Oil prices retreated from 2016 highs on Monday as rising production in the Middle East outweighed a decline in U

Published 02 May, 2016 12:49pm

Energy

Oil prices slip from 2016 highs on OPEC output boost

LONDON: Oil prices edged back from 2016 highs on Monday as rising production in the Middle East outweighed a decline in

Published 02 May, 2016 12:31pm

Energy

Oil prices reach 2016 highs

LONDON: World oil prices struck 2016 high points this week as a weaker dollar attracted buyers to a market struggling to

Published 29 Apr, 2016 03:28pm

Energy

Russian April oil output edges down to 10.86mn bpd

MOSCOW: Russian oil production edged lower in April 1-28 to 10.86 million barrels per day (bpd) from a record 10.91 mill

Published 29 Apr, 2016 02:26pm

Energy

Gazprom posts profits up 5-fold in 2015

MOSCOW: Russian gas giant Gazprom said Thursday its net profit grew almost five-fold in 2015 despite the falling oil pri

Published 28 Apr, 2016 06:20pm

Energy

Repsol to resume Libya activity once security allows: Spanish FM %9

TRIPOLI: Spanish oil giant Repsol is ready to resume activity in Libya once the security situation allows it, Spain'

Published 28 Apr, 2016 06:11pm

Energy

Rare gasoline cargo heads from China to United States

LONDON: Trading house Trafigura is shipping a rare cargo of gasoline from China to the United States, as the recent weak

Published 28 Apr, 2016 12:41pm

Energy

Oil prices rally before US inventory data

LONDON: Oil prices rose sharply for a second day running on Wednesday, reaching five-month highs awaiting the release of

Published 27 Apr, 2016 02:35pm

Energy

Falling output and weaker dollar push oil to 2016 high

LONDON: Oil hit its highest level of 2016 on Wednesday, driven by a falling dollar and evidence of declining U.S. supply

Published 27 Apr, 2016 12:46pm

Energy

First shipment of US natural gas to EU arrives

SINES: In a move which could lead to continental price wars and reduce Russian market domination, the first shipment of

Published 27 Apr, 2016 07:41am

Energy

Oil prices rebound sharply

LONDON: Oil prices rose Tuesday, rebounding from heavy losses that were sparked by a report that Saudi Arabia was close

Published 26 Apr, 2016 08:36pm

Energy

W. Africa Crude-Quiet spot trading, but India buys via tender

LONDON: There was limited trading as Nigeria's NNPC allocated its June cargoes and traders vied for Indian tenders t

Published 26 Apr, 2016 07:54pm

Energy

Oil prices rise but possible battle for market share caps gains

LONDON: Oil prices rose on Tuesday, boosted by a weaker dollar and by expectations that demand could grow quickly enough

Published 26 Apr, 2016 12:51pm

Energy

BP slides into quarterly loss as low oil prices bite

LONDON: BP fell into a hefty loss during the first quarter, hit by low crude prices and costs related to the 2010 Gulf o

Published 26 Apr, 2016 07:12am

Energy

Crude dips on report of Saudi oilfield expansion

LONDON: Oil prices fell Monday on a report OPEC kingpin Saudi Arabia could maintain its total production capacity with t

Published 25 Apr, 2016 03:35pm

Energy

Oil falls as traders cash in after three weeks of gains

LONDON: Oil prices slipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late

Published 25 Apr, 2016 02:47pm

Energy

Oil resumes rise after brief pause

LONDON: Oil prices rose on Monday, extending recent gains, building on three weeks of higher prices and reversing earlie

Published 25 Apr, 2016 02:27pm

Energy

Oil surge drives world stocks higher, ECB looms

LONDON: World stock markets climbed to their highest in almost five months on Thursday after a surge in oil prices boost

Published 21 Apr, 2016 02:56pm

Energy

Oil higher as IEA expects biggest non-OPEC output fall in 25 years

LONDON: Crude prices firmed on Thursday after the International Energy Agency (IEA) said 2016 would see the biggest fall

Published 21 Apr, 2016 01:47pm

Energy

Oil falls on end to Kuwaiti strike, supply outlook

LONDON: Oil prices fell on Wednesday as investor focus returned to worries about oversupply after Kuwaiti workers ended

Published 20 Apr, 2016 02:01pm

Energy

Statoil says to cut cost of Castberg field by another NOK 4 billion

HAMMERFEST: Norwegian oil major Statoil plans to cut the estimated cost of developing its Arctic Johan Castberg oilfield

Published 20 Apr, 2016 09:07am

Energy

Oil price's decline weighs on global stock markets

LONDON: Stocks fell around the world on Wednesday as the price of crude declined after a strike by Kuwaiti oil workers e

Published 20 Apr, 2016 08:42am

Energy

Oil rises as Kuwaiti strike cuts output for third day

LONDON: Oil prices rose on Tuesday as a strike by oil workers in Kuwait nearly halved crude production from the OPEC mem

Published 19 Apr, 2016 03:54pm

Energy

Oil extends rebound as Kuwait strike enters third day

LONDON: Oil prices recovered further on Tuesday as a strike by Kuwaiti petroleum workers entered its third day, outweigh

Published 19 Apr, 2016 03:04pm

Energy

Oil rises as Kuwaiti oil workers strike cuts output for third day

LONDON: Oil rose around two percent on Tuesday as a strike by oil workers in Kuwait nearly halved crude production from

Published 19 Apr, 2016 01:53pm

Energy

Oil prices slide after demise of freeze plan

LONDON: Oil prices slid on Monday after a meeting between major producing nations on a proposed output freeze fell apart

Published 18 Apr, 2016 04:05pm

Energy

Oil plummets on Doha failure

LONDON: Oil plunged Monday a day after top producers failed to reach a deal in Doha to cap output, fanning fresh fears o

Published 18 Apr, 2016 03:05pm

Energy

Oil price impact on Bunds short-lived as low yields scare investors

LONDON: The impact of tumbling oil prices on German Bunds proved to be temporary on Monday as investors were reluctant t

Published 18 Apr, 2016 01:35pm

Energy

Oil edges up on dollar retreat after mixed IEA report

LONDON: Oil rose slightly on Thursday after the International Energy Agency (IEA) trimmed its forecast for demand growth

Published 14 Apr, 2016 03:15pm

Energy

Oil falls further on rising US stockpiles

LONDON: Oil prices extended losses Thursday after a rise in US commercial crude reserves, while traders turned cautious

Published 14 Apr, 2016 02:01pm

Energy

Oil steady in choppy market ahead of output freeze meeting

LONDON: Oil steadied at around $44 per barrel on Thursday after the International Energy Agency (IEA) trimmed its foreca

Published 14 Apr, 2016 01:18pm

Energy

IEA sees 'limited' impact from potential Doha oil output freeze

PARIS: The global oil glut that has hit companies hard but meant cheap prices for consumers is set to ease by year's

Published 14 Apr, 2016 08:52am

Energy

Oil prices fall on producer meeting doubts, stronger dollar

LONDON: Oil futures traded lower on Wednesday on concerns that a producer meeting set for Sunday in Doha to discuss free

Published 13 Apr, 2016 02:15pm

Energy

OPEC cuts 2016 oil demand growth forecast, warns of more

LONDON: OPEC on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing

Published 13 Apr, 2016 01:56pm

Energy

Oil price rally peters out, as OPEC warns over supply

LONDON: Oil prices retreated on Wednesday as a rally fuelled by reports Saudi Arabia and Russia had agreed to an output

Published 13 Apr, 2016 12:59pm

Energy

Russia's Sechin sees oil price recovery as global investments drop

LAUSANNE: Oil prices cannot remain low for a long time as the drop in investments in the industry has already exceeded $

Published 12 Apr, 2016 07:57am

Energy

Oil price dips as banks caution on impact of producers' meeting

LONDON: Oil prices slipped on Monday after banks dampened hopes that the meeting of producers in Doha next Sunday, aimed

Published 11 Apr, 2016 01:10pm

Energy

Mexico's CFE buys 6 LNG cargoes

LONDON/MILAN: Mexico's state-run power company CFE has purchased six liquefied natural gas (LNG) cargoes from BP, Ci

Published 08 Apr, 2016 03:34pm

Energy

Shell's top Brent trader leaving job

LONDON: The head of European oil trading at Royal Dutch Shell, Stany Schrans, will leave his position later this year to

Published 07 Apr, 2016 03:40pm

Energy

Oil dip after bumper gains

LONDON: World oil prices nudged lower Thursday after rallying sharply the previous day following the first drop in US in

Published 07 Apr, 2016 02:26pm

Energy

Oil steady as Iraqi exports up, offsetting US inventories drop

LONDON: Oil steadied at around $40 per barrel on Thursday as a surprise fall in U.S. inventories the previous day was of

Published 07 Apr, 2016 01:01pm

Energy

Oil prices rally as Kuwait revives hope of output deal

LONDON: Oil prices rallied on Wednesday after Kuwait said an agreement to freeze output during a producers' meeting

Published 06 Apr, 2016 03:59pm

Energy

Oil prices hit one-month lows

LONDON: Oil prices fell Tuesday, hitting one-month lows before recovering slightly, as hopes fade of producers reaching

Published 05 Apr, 2016 03:22pm

Energy

Oil slips to one-month low on unexpected US demand drop

LONDON: Oil slipped to a one-month low on Tuesday after a surprise fall in gasoline demand in the United States, the wor

Published 05 Apr, 2016 01:42pm

Energy

Oil near one-month low on unexpected US demand drop

LONDON: Oil traded near one-month lows on Tuesday after a surprise fall in gasoline demand in the United States, the wor

Published 05 Apr, 2016 12:58pm

Energy

Shell pulls out of Arctic-focused exploration oil licensing round in Norway

OSLO: Oil major Royal Dutch Shell has pulled its application from Norway's Arctic-focused oil licensing round, the f

Published 04 Apr, 2016 05:21pm

Energy

Europe Distillates-Diesel cracks slide to three-month lows

LONDON: Benchmark diesel refining margins in northwest Europe fell to their lowest since late January as imports into th

Published 04 Apr, 2016 04:56pm

Energy

Oil touches one-month low on scepticism over potential freeze deal

LONDON: Oil held around its lowest in a month on Monday as investors ditched some of their bullish bets on another price

Published 04 Apr, 2016 01:06pm

Energy

Oil steadies on Saudi comments

LONDON: World oil prices steadied Monday as Saudi Arabia cast doubt on whether a key producers meeting would reach an ag

Published 04 Apr, 2016 12:01pm

Energy

Oil falls as investors turn cool on production freeze deal

LONDON: Oil hovered around one-month lows on Monday as investors ditched some of their bullish bets on another price ris

Published 04 Apr, 2016 11:32am

Energy

Russian oil output highest in 30 years ahead of Doha meeting

MOSCOW: Russia's oil production rose 0.3 percent to 10.91 million barrels per day in March, its highest level in nea

Published 02 Apr, 2016 11:43am

Energy

Europe Gasoline/Naphtha-Gasoline cracks drop amid oil sell-off

LONDON: Gasoline refining margins in northwest Europe slightly declined on Friday after sharp drops in crude oil and US

Published 01 Apr, 2016 03:50pm

Energy

'Teapot' refiners help propel China's W. African oil bookings in April

LONDON: China's loadings of West African crude oil were on track to hit their highest barrel-per-day level in 19 mon

Published 31 Mar, 2016 06:18pm

Energy

Europe Distillates-Diesel cracks up after ARA stock draw

LONDON: Benchmark diesel refining margins in northwest Europe rose for a third straight session on Thursday following da

Published 31 Mar, 2016 04:48pm

Energy

Oil prices drop on high supplies

LONDON: Oil prices fell on Thursday as a smaller-than-expected increase in US stockpiles failed to stem worries about a

Published 31 Mar, 2016 03:48pm

Energy

Oil prices slide as US crude stocks hit record

LONDON: Oil futures fell on Thursday, with U.S. crude hitting its lowest price in more than two weeks as the country&#39

Published 31 Mar, 2016 01:51pm

Energy

Oil prices regain ground, but growing stocks loom

LONDON: Oil futures rebounded from early losses on Thursday but the recovery was muted as the market's focus switche

Published 31 Mar, 2016 12:14pm

Energy

Oil prices rise on weaker dollar, US inventory data

LONDON: Oil prices rose Wednesday, helped by a weaker dollar and official data revealing a smaller-than-expected increas

Published 30 Mar, 2016 08:13pm

Energy

Oil prices gain before US inventory data

LONDON: Oil prices rose Wednesday, helped by a weaker dollar after Federal Reserve chief Janet Yellen signalled a cautio

Published 30 Mar, 2016 02:01pm

Energy

Oil prices rise with riskier assets on weak dollar

LONDON: Oil futures edged up on Wednesday to near $40 per barrel as a weaker dollar spurred interest in riskier assets a

Published 30 Mar, 2016 11:02am

Energy

Europe Gasoline/Naphtha-Gasoline margins jump on overseas demand

LONDON: Gasoline barge cracks in northwest Europe rose sharply on Tuesday on strong export demand to West Africa and the

Published 29 Mar, 2016 05:33pm

Energy

North Sea Crude-Forties flat with first ship-to-ship offers in months

LONDON: Forties differentials held almost unchanged on Tuesday from the average seen late last week. Total bought two ca

Published 29 Mar, 2016 05:22pm

Energy

Oil prices fall as investors faith in rally wanes

LONDON: Oil prices fell on Tuesday, reflecting growing concerns that a two-month rally may be in danger of fizzling, whi

Published 29 Mar, 2016 02:52pm

Energy

Oil drops as investors grow weary of rising supply

LONDON: Oil prices fell on Tuesday, reflecting growing concerns that a two-month rally may be fading, as supply looked s

Published 29 Mar, 2016 02:26pm

Energy

Oil prices rise in thin holiday trading

LONDON: Oil prices firmed in thin Easter holiday trading on Monday, adding to gains in recent weeks as optimism holds th

Published 28 Mar, 2016 02:35pm

Energy

Oil prices up slightly in thin holiday trading

LONDON: Oil prices climbed in thin Easter holiday trading on Monday, adding to gains in recent weeks as optimism holds t

Published 28 Mar, 2016 02:17pm

Energy

Qatari LNG tanker logjam signals production maintenance

MILAN: Dozens of liquefied natural gas (LNG) tankers parked in and around Qatari export facilities - the world's big

Published 25 Mar, 2016 04:11pm

Energy

Total denies in talks to buy Engie exploration and production unit

PARIS: French oil major Total denied on Thursday that it was in talks about buying domestic rival Engie's exploratio

Published 24 Mar, 2016 05:08pm

Energy

Oil slides on mounting US stockpiles, strong dollar

LONDON: Oil fell below $40 a barrel on Thursday, heading for the biggest weekly slide in two months, dented by record-hi

Published 24 Mar, 2016 01:36pm

Energy

North Sea oil prices to spring higher once maintenance peaks

LONDON: North Sea crude price differentials have fallen to their lowest in over a month, led by steep declines in the pr

Published 24 Mar, 2016 01:02pm

Energy

Oil slips after US stock build reasserts glut concerns

LONDON: Oil prices eased on Wednesday after figures from an industry group showed U.S. crude stockpiles rose last week b

Published 23 Mar, 2016 11:36am

Energy

Russia's February fuel oil exports down 21.9pc from January

MOSCOW: Russian fuel oil exports fell 21.9 percent in February from January, while gasoline and gas oil export supplies

Published 23 Mar, 2016 10:43am

Energy

Oil prices fall after Brussels attacks, Libya to skip Doha

LONDON: Oil prices fell on Tuesday, after deadly blasts in Brussels prompted a flight towards traditional investment hav

Published 22 Mar, 2016 03:50pm

Energy

Oil must rise above $50/barrel to lure investment: Oliver Wyman

LONDON: Oil must rise above $50 a barrel if the energy sector is to attract the investment needed to build enough capaci

Published 22 Mar, 2016 03:46pm

Energy

Oil market rattled by deadly Brussels blasts

LONDON: Oil prices seesawed on Tuesday, rattled by investor nervousness after deadly blasts in Brussels prompted a fligh

Published 22 Mar, 2016 02:28pm

Energy

Nigeria's oil exports set to rise in May despite Forcados trouble

LONDON: Nigeria's crude oil exports were on track to increase in May, a compilation of loading programmes showed on

Published 22 Mar, 2016 02:23pm

Energy

Oil slips but holds above $41

LONDON: Oil prices slid Tuesday but held above $41 after OPEC confirmed an April meeting of key crude producing nations

Published 22 Mar, 2016 01:36pm

Energy

Oil prices build on gains

LONDON: Oil prices pushed higher Monday, building on last week's rally, despite fresh oversupply concerns on an incr

Published 21 Mar, 2016 07:33pm

Energy

Morocco's sole debt-ridden oil refinery ordered shut

RABAT: A Casablanca court Monday ordered the winding up of Morocco's sole oil refinery SAMIR after it was unable to

Published 21 Mar, 2016 07:24pm

Energy

Oil prices edge up from day's lows; supply freeze talks in focus

LONDON: Oil prices rallied on Monday, reversing earlier losses, as the market digested news of a modest rise in U.S. dri

Published 21 Mar, 2016 04:48pm

Energy

Oil prices steadier after gains

LONDON: Oil prices were steady Monday after last week's rally, as traders reacted to renewed oversupply concerns spu

Published 21 Mar, 2016 02:50pm

Energy

Oil prices fall as US rigs rise, uncertainty over freeze lingers

LONDON: Oil prices slid for a second day on Monday, under pressure from signs that some of the nimbler U.S. producers in

Published 21 Mar, 2016 02:03pm

Energy

Oil prices stabilise after falling on higher US rig count

LONDON: Oil prices recovered from early losses on Monday as the market digested news of a modest rise in U.S. drilling a

Published 21 Mar, 2016 01:50pm

Energy

Oil hits 2016 high above $42 on production and demand outlook

LONDON: Oil rose above $42 a barrel on Friday, hitting its highest this year and extending a rally into a fourth week on

Published 18 Mar, 2016 02:41pm

Energy

Oil rallies above $41 on producer meeting, dollar

LONDON: Oil rose above $41 a barrel briefly on Thursday, trading close to a 2016 high, bolstered by a plan among some of

Published 17 Mar, 2016 04:08pm

Energy

Oil prices extend gains

LONDON: Oil prices rose Thursday, extending a recovery on efforts to tackle a global supply glut. At about 1130 GMT, US

Published 17 Mar, 2016 03:08pm

Energy

Oil rallies towards $41, near 2016 high, on producer meeting

LONDON: Oil rose towards $41 a barrel on Thursday, trading close to a 2016 high, bolstered by a plan among some of the w

Published 17 Mar, 2016 01:16pm

Energy

Europe Distillates-Margins edge higher, but excess looms again

LONDON: Benchmark diesel refining margins in northwest Europe firmed on Wednesday as maintenance and weeks of limited ar

Published 16 Mar, 2016 08:41pm

Energy

The rise and fall of Spanish renewable energy giant Abengoa

BARCELONA: Abengoa went from fixing electrical installations in war-torn Spain in the 1940s to building the world's

Published 16 Mar, 2016 08:35pm

Energy

Total CEO received 3.05mn euros in remuneration in 2015

LONDON: Total's Chief Executive Patrick Pouyanne received remuneration of 3 million euros in 2015, his first full ye

Published 16 Mar, 2016 08:15pm

Energy

Oil rebounds as producers agree to meet

LONDON: Oil prices rebounded Wednesday, as Qatar said producers from within and outside OPEC would meet next month to di

Published 16 Mar, 2016 03:51pm

Energy

Oil rises as producers announce meeting on output freeze

LONDON: Oil prices firmed on Wednesday on an announcement that producers will meet next month in Qatar to discuss a prop

Published 16 Mar, 2016 01:49pm

Energy

Gazprom says gas exports to Europe, Turkey up 33.5pc y/y in Jan 1-March 15

MOSCOW: Russian gas giant Gazprom exported 36.5 billion cubic metres of natural gas to Europe and Turkey between Jan. 1

Published 16 Mar, 2016 08:46am

Energy

Statoil schedules Mongstad refinery maintenance work for September

LONDON: Norway's Statoil will conduct maintenance on its 250,000-barrel per day Mongstad oil refinery from Sept. 12

Published 15 Mar, 2016 08:42pm

Energy

Energy giants call German nuclear phase-out 'expropriation'

BERLIN: Three energy giants Tuesday told Germany's top court that they should be compensated for the nuclear phase-o

Published 15 Mar, 2016 08:37pm

Energy

Russia's Novatek inks 1.09 bn euro Yamal stake sale with China fund

MOSCOW: Russia's Novatek finalised Tuesday a 1.09-billion-euro ($1.2-billion) deal to sell China's Silk Road Fun

Published 15 Mar, 2016 08:25pm

Energy

Europe Distillates-Diesel cracks slip amid ample supplies

LONDON: Benchmark diesel refining margins in northwest Europe weakened on Tuesday as more supplies were offered from Rus

Published 15 Mar, 2016 08:22pm

Energy

Gazprom says EU looking into possible gas supply abuse in Bulgaria

MOSCOW/BRUSSELS: The European Commission is looking into allegations that Gazprom abused its dominant position in the Bu

Published 15 Mar, 2016 07:59pm

Energy

Oil prices ease over uncertain supply picture

LONDON: Oil prices fell for a second day on Tuesday, as concerns emerged that a six-week rally may have fizzled after OP

Published 15 Mar, 2016 02:25pm

Energy

Oil extends losses under $40

LONDON: World oil prices sank on Tuesday, sliding further below $40 per barrel, as hopes faded that major crude producer

Published 15 Mar, 2016 01:49pm

Energy

Russia's Gazprom cancels Turkmengaz contract over ‘serious violation’

MOSCOW: Russia's top natural gas producer Gazprom has cancelled a gas purchasing deal with Turkmenistan's Turkme

Published 14 Mar, 2016 10:23pm

Energy

North Sea Crude-Forties down for a third day in a row

LONDON: Forties differentials fell for the third day in a row on Monday, to their lowest level in a month, after being a

Published 14 Mar, 2016 08:39pm

Energy

Europe Product Swaps-Gasoline cracks edge higher on export demand

LONDON: Northwest European gasoline crack swaps gained ground in the week to Monday as a switch to summer grade underpin

Published 14 Mar, 2016 08:24pm

Energy

Europe Distillates-Diesel steady as maintenance mops up excess stocks

LONDON: Diesel refining margins in northwest Europe were largely steady on Monday amid signs that supply cuts due to sea

Published 14 Mar, 2016 08:23pm

Energy

Talks for global oil freeze 'probably in April': Russian energy minister

MOSCOW: A meeting of oil producers to discuss a global deal to freeze production levels will likely take place in April,

Published 14 Mar, 2016 08:03pm

Energy

OPEC sees lower 2016 demand for its oil, pointing to higher surplus

LONDON: OPEC on Monday predicted global demand for its crude oil will be less than previously thought in 2016 as supply

Published 14 Mar, 2016 03:59pm

Energy

Oil slides after Iran snubs output freeze deal

LONDON: World oil prices fell sharply on Monday after Iran reportedly announced over the weekend that it would not to jo

Published 14 Mar, 2016 01:39pm

Energy

Oil back below $40 as Iran dashes hopes for quick deal on output

LONDON: Oil fell around 3 percent on Monday after Iran dashed hopes of a coordinated production freeze any time soon, re

Published 14 Mar, 2016 12:47pm

Energy

Italy's Eni begins output at world's most northerly producing oilfield

OSLO: Italian firm Eni began producing oil from its Goliat field in the Norwegian Arctic late on Saturday, making it the

Published 13 Mar, 2016 11:35am

Energy

Oil prices gain as IEA says it sees production cuts

LONDON: Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the Interna

Published 11 Mar, 2016 03:38pm

Energy

Oil prices gain as IEA says market could have bottomed

LONDON: Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the Interna

Published 11 Mar, 2016 02:16pm

Energy

Oil prices rally on IEA outlook

LONDON: Oil prices rebounded Friday after the International Energy Agency said that the market may have finally "bottome

Published 11 Mar, 2016 01:41pm

Energy

Oil prices slip off multi-month highs

LONDON: Oil prices fell on Thursday, after hitting three-month highs this week, with analysts warning that larger gains

Published 10 Mar, 2016 09:44pm

Energy

Oil price could fall by $10 if output freeze fails

OSLO: Crude oil prices could fall by $10 per barrel, erasing recent gains, if OPEC and non-OPEC countries fail to finali

Published 10 Mar, 2016 03:26pm

Energy

Oil prices ease off multi-month highs

LONDON: Oil prices dipped on Thursday, after hitting three-month highs this week, with analysts warning that larger gain

Published 10 Mar, 2016 01:51pm

Energy

European stocks rise on eve of key ECB meet

LONDON: Europe's main stock markets drifted higher Wednesday, shrugging off losses across Asia on the eve of a key E

Published 09 Mar, 2016 10:33pm

Energy

Crude price rally on US inventories report

LONDON: Oil rallied on Wednesday as dealers digested the latest snapshot of commercial crude reserves in top global cons

Published 09 Mar, 2016 10:27pm

Energy

Russia's Gazprom sees 'mutually acceptable' solution with EU on antitrust case

MOSCOW: Russia's Gazprom and the European Commission are moving towards a "mutually acceptable" solution in resolvin

Published 09 Mar, 2016 04:29pm

Energy

Oil prices rise as big producers plan to discuss output

LONDON: Oil prices broke above $40 a barrel on Wednesday, driven by anticipation that the world's largest exporters

Published 09 Mar, 2016 02:18pm

Energy

Crude prices resume falls

LONDON: Oil prices retreated Tuesday, with Brent crude back below $40 a barrel, after Kuwait reportedly ruled out cuttin

Published 08 Mar, 2016 10:12pm

Energy

Oil edges lower after Kuwait dents hopes for output freeze

LONDON: Oil prices edged lower on Tuesday after Kuwait said it would only agree to an output freeze if all major produce

Published 08 Mar, 2016 03:18pm

Energy

Crude prices rise further

LONDON: Oil prices rose Tuesday, with Brent crude climbing above $41 a barrel, despite more disappointing data out of Ch

Published 08 Mar, 2016 02:05pm

Energy

Brent hits three-month high on hopes for producer price support

LONDON: Oil prices rose one percent on Tuesday, with benchmark Brent prices hitting a three-month high on hopes for a co

Published 08 Mar, 2016 01:45pm

Energy

Oil prices extend rally; Brent back above $40

LONDON: Oil prices rallied further Monday, boosted by strong US jobs growth and as a cut in the country's crude dril

Published 07 Mar, 2016 09:35pm

Energy

Oil rallies on improving outlook, but analysts warn of glut

LONDON: Brent crude hit a three-month high on Monday, extending gains that have lifted crude benchmarks by more than a t

Published 07 Mar, 2016 08:38pm

Energy

Rosneft to raise Druzhba pipeline oil exports 3-5pc in 2016

MOSCOW: Russia's largest oil producer, Rosneft, said on Friday it plans to increase oil supplies to Europe via the D

Published 04 Mar, 2016 03:17pm

Energy

Oil prices rise at end of volatile week

LONDON: Oil prices rose Friday, with Brent reaching a near two-month high, on hopes of a deal among producers to tackle

Published 04 Mar, 2016 02:11pm

Energy

Crude prices slip as hefty stocks weigh

LONDON: Crude oil futures eased on Friday, trimming some of the week's gains, as ballooning stocks and an uncertain

Published 04 Mar, 2016 10:52am

Energy

Oil below $37 as record US inventories overshadow output freeze plan

LONDON: Oil fell further below $37 a barrel on Wednesday as U.S. crude stockpiles rose to a new record, underlining the

Published 02 Mar, 2016 07:50pm

Energy

Oil below $37 as US inventory rise counters output freeze plan

LONDON: Oil edged further below $37 a barrel on Wednesday as an industry report showing a rise in US crude stockpiles to

Published 02 Mar, 2016 02:06pm

Energy

Oil prices fall on oversupply nervousness

LONDON: Oil turned negative on Tuesday as a speech by Russian President Vladimir Putin made no mention of any producer-c

Published 01 Mar, 2016 03:48pm

Energy

Russia says talks on oil output stabilisation to continue

MOSCOW: Russia's Energy Ministry said on Tuesday that talks on stabilising oil production will continue, TASS news a

Published 01 Mar, 2016 12:41pm

Energy

Oil rebounds on China stimulus move

LONDON: World oil prices rebounded Monday after China's latest stimulus move boosted hopes of strengthening demand i

Published 29 Feb, 2016 07:41pm

Energy

China, India oil buying underpins W. Africa's March flows east

LONDON: West African crude oil flows east are expected to stay strong in March as Chinese term buying remains elevated a

Published 29 Feb, 2016 04:13pm

Energy

Oil prices diverge

LONDON: Oil prices diverged Monday as traders balanced US demand hopes against the stubborn supply glut that has plagued

Published 29 Feb, 2016 02:13pm

Energy

Oil set for weekly rise as gasoline buoys prices

LONDON: Crude oil prices reversed early losses on Friday, with Brent on track for its first weekly gain in a month, as s

Published 26 Feb, 2016 01:01pm

Energy

Oil hit by oversupply and economic growth concerns

LONDON: Oil prices fell on Thursday, driven lower by concerns about oversupply in a slowing global economy, although str

Published 25 Feb, 2016 03:59pm

Energy

Oil prices resume fall

LONDON: Oil prices fell Thursday on renewed concerns over weak demand and an oversupplied market, traders said.Around 13

Published 25 Feb, 2016 02:44pm

Energy

Russia's January fuel oil exports down 15.6pc from December

MOSCOW: Russian fuel oil exports fell 15.6 percent in January versus December 2015, while gasoline and gas oil export su

Published 25 Feb, 2016 01:36pm

Energy

Oil falls on oversupply, global economic growth concerns

LONDON: Oil prices fell on Thursday on concerns about oversupply amid a slowing global economy, although strong U.S. gas

Published 25 Feb, 2016 01:22pm

Energy

Oil continues fall after Saudi production comments

LONDON: Oil fell below $33 a barrel on Wednesday after Saudi Arabia ruled out production cuts and U.S. crude inventories

Published 24 Feb, 2016 04:54pm

Energy

Oil prices extend losses on output impasse

LONDON: Oil prices fell further Wednesday on the receding likelihood of an output cut, let alone a freeze at current lev

Published 24 Feb, 2016 02:46pm

Energy

Oil below $33 on Saudi comments, report of US inventory rise

LONDON: Oil fell below $33 per barrel on Wednesday after Saudi Arabia ruled out production cuts and an industry report s

Published 24 Feb, 2016 01:03pm

Energy

OPEC oil output freeze - OK, but at which levels?

LONDON: When Russia and three OPEC members led by Saudi Arabia agreed a week ago to work on a global deal to freeze oil

Published 23 Feb, 2016 09:34pm

Energy

Crude prices edge higher amid output freeze talks

LONDON: World oil prices nudged higher Tuesday as OPEC producers met to discuss a possible freeze to crude output levels

Published 23 Feb, 2016 02:22pm

Energy

Oil prices fall 2pc on doubts potential output cap will erode glut

LONDON: Oil futures fell more than 2 percent on Tuesday, eroding some of the previous day's gains, over doubts a pot

Published 23 Feb, 2016 12:54pm

Energy

Oil prices slip on doubts potential output cap will erode glut

LONDON: Oil futures eased on Tuesday, eroding some of the previous day's gains, over doubts a potential production f

Published 23 Feb, 2016 12:49pm

Energy

Oil prices rebound, US crude back above $30

LONDON: Oil prices recovered Monday after sharp falls the previous session, with US crude back above $30 a barrel as tra

Published 22 Feb, 2016 02:56pm

Energy

Oil price rises after prediction of declining US shale output

LONDON: Oil prices rose 5 percent on Monday after the world's oil consumer body said it expected U.S. shale producti

Published 22 Feb, 2016 02:15pm

Energy

Oil price to start slow recovery in 2017: IEA

PARIS: World oil prices are unlikely to rise from current levels before 2017, and even then their recovery will be slow

Published 22 Feb, 2016 01:24pm

Energy

Oil prices rise on low US rig count, firmer stock markets

LONDON: Oil prices rose on Monday as a fall in US oil drilling rig numbers lifted the prospect of lower crude production

Published 22 Feb, 2016 12:52pm

Energy

Oil rises on IEA's US shale outlook and rig data

LONDON: Oil rose after the world's oil consumer body said on Monday it expected U.S. shale production to fall this y

Published 22 Feb, 2016 12:30pm

Energy

Russia's Transneft says oil loadings from Novorossiisk suspended due to storm

MOSCOW: Russia's state pipeline monopoly Transneft suspended oil loadings from the Black Sea port of Novorossiisk on

Published 20 Feb, 2016 10:58am

Energy

Russian energy minister: consultations on Doha deal to end by March 1

MOSCOW: Consultations on an oil output deal between leading producers should be concluded by March 1 after they reached

Published 20 Feb, 2016 10:48am

Energy

Oil in 'tumultuous' week after output freeze deal

LONDON: The oil market was gripped this week by an output freeze deal between the world's top two producers Saudi Ar

Published 19 Feb, 2016 08:52pm

Energy

Oil extends rally to $35 after Iran welcomes output freeze

LONDON: Oil rose to $35 a barrel on Thursday after Iran welcomed plans by Russia and Saudi Arabia to freeze output and a

Published 18 Feb, 2016 03:42pm

Energy

Oil prices rise further on output hopes

LONDON: Oil prices rose further Thursday, building on a rally triggered by an agreement between Saudi Arabia and Russia

Published 18 Feb, 2016 02:27pm

Energy

Oil extends rally towards $35 after Iran welcomes output freeze

LONDON: Oil rose towards $35 a barrel on Thursday after Iran welcomed plans by Russia and Saudi Arabia to freeze output

Published 18 Feb, 2016 12:51pm

Energy

Oil rises after Iran welcomes drive for output freeze

LONDON: Oil prices rose by more than 5 percent to climb above $34 a barrel on Wednesday after Iran voiced its support fo

Published 17 Feb, 2016 04:15pm

Energy

Oil rises after talks on output freeze in Iran

LONDON: Oil prices rose on Wednesday on hopes that major producing countries would seal an agreement on freezing product

Published 17 Feb, 2016 02:38pm

Energy

Oil market shows deep doubt over output freeze

LONDON: The oil world has been shaken this week by some of the biggest producers agreeing to freeze their output at Janu

Published 17 Feb, 2016 02:36pm

Energy

Oil rises as output talks turn to Iran

LONDON: Oil prices rose on Wednesday as efforts led by Russia and Saudi Arabia to broker a deal to freeze production lev

Published 17 Feb, 2016 12:57pm

Energy

North Sea Crude-Forties rises to highest since Jan on tighter supply

LONDON: North Sea Forties crude differentials rose on Tuesday, supported by tighter supplies following a period of lower

Published 16 Feb, 2016 09:09pm

Energy

Oil gives up gains after Saudis and Russia agree output freeze

LONDON: Oil prices traded flat on Tuesday after top producers Russia and Saudi Arabia dashed expectations of an outright

Published 16 Feb, 2016 04:10pm

Energy

Oil advances on output freeze deal

LONDON: Oil rose Tuesday after top producers Saudi Arabia and Russia agreed in principle to freeze output in a bid to st

Published 16 Feb, 2016 02:17pm

Energy

Gazprom says Russian gas exports to Europe up 44pc y/y in Feb

MOSCOW: Russia's top natural gas producer Gazprom said on Monday that its pipeline gas exports to Europe rose 43.7 p

Published 15 Feb, 2016 08:52pm

Energy

North Sea Crude-Forties steadies as pipeline resumes flow

LONDON: North Sea Forties crude differentials steadied on Monday, after an uptick in supply of oil through a major pipel

Published 15 Feb, 2016 08:47pm

Energy

Oil advances in line with equities

LONDON: Oil prices rose Monday, extending recent bumper gains in line with rising global stock markets, and despite poor

Published 15 Feb, 2016 02:29pm

Energy

Oil dips on strong dollar, weak Chinese trade data

LONDON: Oil prices dipped on Monday on a firmer dollar and weaker-than-expected Chinese trade data that fuelled concerns

Published 15 Feb, 2016 01:45pm

Energy

Oil extends rally on prospects OPEC could act to counter low prices

LONDON: Oil prices rose on Monday, extending a rally triggered last week by speculation that OPEC might agree to cut pro

Published 15 Feb, 2016 12:59pm

Energy

Oil prices jump but weekly losses and physical excess loom

LONDON: Oil prices jumped on Friday on hopes of a coordinated production cut sparked by comments from the energy ministe

Published 12 Feb, 2016 10:06am

Energy

LNG tanker Al Ruwais due to arrive in UK on Feb. 19

LONDON: The liquefied natural gas tanker Al Ruwais is due to arrive at Britain's Milford Haven on Feb. 19, Reuters d

Published 12 Feb, 2016 07:39am

Energy

Oil slumps close to 13-year low

LONDON: World oil prices tumbled once more Thursday, nearing a 13-year low in New York, with no end in sight to the glob

Published 11 Feb, 2016 08:13pm

Energy

Iraq oil revenues now at just 15pc of level two years ago: PM

BERLIN: Iraq's oil revenues have sunk to just 15 percent of their value two years ago, Prime Minister Haider al-Abad

Published 11 Feb, 2016 03:26pm

Energy

Oil falls on US supply record, weak demand outlook

LONDON: Oil slid on Thursday, dented by record US crude inventories at the Cushing delivery point, worries about the dem

Published 11 Feb, 2016 01:28pm

Energy

Russia's Gazprom looking to raise $2bn syndicated loan from intl banks

MOSCOW/LONDON: Russian state gas firm Gazprom is looking to raise a $2 billion syndicated loan from international banks,

Published 11 Feb, 2016 12:22pm

Energy

Oil prices ease as slowdown fears grip markets

LONDON: Oil prices eased on Tuesday, dragged lower by a broad decline across major financial markets and by a growing ex

Published 09 Feb, 2016 08:35pm

Energy

Oil slumps on IEA gloom

LONDON: Oil resumed heavy falls on Tuesday, erasing earlier gains in highly volatile trade, after the International Ener

Published 09 Feb, 2016 07:09pm

Energy

Oil prices rise, US crude shrugs off equity slump

LONDON: Oil prices edged up on Tuesday, clawing back some of the losses from a sell-off across broader financial markets

Published 09 Feb, 2016 12:49pm

Energy

Russia's Lukoil says proved oil reserves down to 12.6bn barrels

MOSCOW: Russia's No.2 oil producer Lukoil said on Tuesday its proved oil reserves stood at 12.585 billion barrels as

Published 09 Feb, 2016 12:09pm

Energy

IEA takes oil market bulls to the slaughterhouse

PARIS: Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the mark

Published 09 Feb, 2016 10:36am

Energy

UK GAS-Prices steady ahead of cooler weather

LONDON: British gas prices were little changed on Monday in a near balanced system with the outlook for cooler weather s

Published 08 Feb, 2016 02:09pm

Energy

Crude oil slips as Saudi, Venezuela meeting yields little

LONDON: Crude oil prices eased in thin trade on Monday as a meeting between OPEC producers Saudi Arabia and Venezuela sh

Published 08 Feb, 2016 02:05pm

Energy

Russian finance ministry says oil taxes favour business, not state

MOSCOW: Russian Finance Minister Anton Siluanov said on Saturday oil taxes in Russia favoured businesses, not the state,

Published 06 Feb, 2016 09:45am

Energy

Oil creeps higher before US payrolls

LONDON: World oil prices held firm on Friday, guided by the weaker dollar ahead of non-farm payrolls data in top global

Published 05 Feb, 2016 01:04pm

Energy

Oil rises further above $35 on dollar, talk of producer meet

LONDON: Oil rallied further above $35 a barrel on Thursday, adding to the previous session's 7 percent jump, as supp

Published 04 Feb, 2016 01:45pm

Energy

Russia's Gazprom says no need for gas price war in Europe

MOSCOW: The deputy head of Russian gas giant Gazprom said on Thursday the was no need to wage a pricing war with rivals

Published 04 Feb, 2016 12:16pm

Energy

Statoil cuts spending, to offer share option on dividends

OSLO/LONDON: Norway's Statoil pledged on Thursday to keep cutting capital spending as oil prices fall, after reporti

Published 04 Feb, 2016 12:13pm

Energy

World's biggest wind farm given go-ahead off Britain

LONDON: A wind farm that would be the largest in the world and power more than a million homes has been given the go-ahe

Published 04 Feb, 2016 06:23am

Energy

Oil rally on weak dollar

LONDON: Oil prices rallied Wednesday despite news that US crude inventories were at their highest level since 1930, as d

Published 03 Feb, 2016 07:53pm

Energy

Oil holds firm before US inventories

LONDON: World oil prices rose slightly Wednesday, after briefly slipping under $30 a barrel, as traders awaited the week

Published 03 Feb, 2016 03:14pm

Energy

Russia says ready to meet key OPEC members, old price regulation tools ‘no longer working’: RIA

MOSCOW: Russia is ready to meet the main oil producers within the Organisation of the Petroleum Exporting Countries (OPE

Published 03 Feb, 2016 09:42am

Energy

EU wants to see Gazprom contracts with European clients: report

FRANKFURT: The EU wants to examine the contracts which Gazprom has signed with European companies, amid suspicions that

Published 03 Feb, 2016 07:45am

Energy

Oil slips towards $33 as hopes for production cut fade

LONDON: Oil prices fell around 3 percent on Tuesday, dented by worries about the demand outlook and rising supply, while

Published 02 Feb, 2016 12:25pm

Energy

Russian oil output hits high in January amid OPEC deal speculation

MOSCOW: Oil production in Russia hit a post-Soviet high in January, reaching an average of 10.88 million barrels per day

Published 02 Feb, 2016 09:18am

Energy

Oil prices slide as output cut hopes fade

LONDON: Oil prices slumped Monday as traders took profits on receding prospects of an imminent cut to the global supply

Published 01 Feb, 2016 07:28pm

Energy

Oil rises towards $34 on chance of production cut

LONDON: Oil rose towards $34 per barrel on Thursday, hitting a three-week high and bouncing well off a 12-year low set t

Published 28 Jan, 2016 04:12pm

Energy

Oil prices higher as volatility grips crude market

LONDON: Oil prices were higher Thursday after yet more volatile trading, as dealers reacted to further evidence of a sup

Published 28 Jan, 2016 02:49pm

Energy

Oil steadies above $33 on chance of production cut

LONDON: Oil steadied above $33 per barrel on Thursday, well off a 12-year low set earlier in the month, supported by the

Published 28 Jan, 2016 01:37pm

Energy

Oil rallies after US data shows spike in product demand

LONDON: Oil futures rallied back above $32 a barrel on Wednesday, after U.S. data showed a jump in weekly demand for pro

Published 27 Jan, 2016 04:28pm

Energy

Oil cuts losses but analysts see no big rallies yet

LONDON: Oil futures pared losses on Wednesday, echoing a modest stock market recovery, but analysts said a surprise ball

Published 27 Jan, 2016 02:56pm

Energy

OPEC-led attempt for oil-cut deal under way, prospects slim

LONDON/DUBAI: OPEC is renewing efforts among members and producers from outside the group for a deal to fix an oil glut

Published 27 Jan, 2016 02:01pm

Energy

Oil falls as rising inventories wipe out optimism over supply

LONDON: Oil futures fell on Wednesday, after a surprise rise in U.S. inventories wiped out the optimism that had built u

Published 27 Jan, 2016 01:17pm

Energy

Oil falls as inventory build dashes optimism over supply

LONDON: Oil futures fell on Wednesday, after a surprise rise in U.S. inventories wiped out the optimism that had built u

Published 27 Jan, 2016 01:00pm

Energy

Oil prices resume slide before US data

LONDON: Oil prices resumed their slide Wednesday as traders awaited US energy stockpiles data expected to once more shin

Published 27 Jan, 2016 12:25pm

Energy

Angola LNG export project commences recommissioning

LONDON/MILAN: The Angola liquefied natural gas (LNG) export project has started recommissioning, a spokesperson for the

Published 26 Jan, 2016 10:21pm

Energy

North Sea Crude-Forties diffs hold steady; dearth of VLCC fixtures for Feb

LONDON: Forties crude oil differentials held unchanged on Tuesday, a lack of new supertanker fixtures for prompt loading

Published 26 Jan, 2016 09:48pm

Energy

Enel CEO says received non-binding bids for upstream gas assets

MADRID: Italy's biggest utility Enel has received non-binding bids for upstream gas assets in Italy and Algeria that

Published 26 Jan, 2016 09:36pm

Energy

Oil rises towards $31 on hopes of deal to tackle glut

LONDON: Oil rose towards $31 a barrel on Tuesday, lifted by hopes that OPEC and non-OPEC producers may be edging closer

Published 26 Jan, 2016 04:44pm

Energy

Oil edges back above $30

LONDON: Oil prices rose above $30 on Tuesday after briefly dipping below the psychological barrier as the market was bes

Published 26 Jan, 2016 03:02pm

Energy

Oil rises further above $30 on hopes of deal to tackle glut

LONDON: Oil rose further above $30 a barrel on Tuesday, lifted by hopes that OPEC and non-OPEC producers may be edging c

Published 26 Jan, 2016 01:12pm

Energy

Hungary's Paks nuclear power plant cuts output

BUDAPEST: Hungary's Paks nuclear power plant has lowered output from one of its four blocks by more than 100 megawat

Published 26 Jan, 2016 08:27am

Energy

Cheap oil: boon for some, bust for others

PARIS: The plunge in oil prices is proving a boon for consumers and airlines, but is a bust for energy companies and pro

Published 26 Jan, 2016 05:00am

Energy

Oil falls 3 percent on swelling oversupply

LONDON: Oil prices fell 3 percent on Monday as Iraq announced record-high oil production feeding into a heavily oversupp

Published 25 Jan, 2016 03:10pm

Energy

Oil prices drop after rally

LONDON: Oil prices resumed their downward spiral Monday as profit-taking set in after recent strong gains won thanks to

Published 25 Jan, 2016 02:55pm

Energy

Oil prices cast shadow over eurozone inflation outlook: ECB survey

FRANKFURT: Falling oil prices are weighing on the outlook for inflation in the euro area this year, but the European Cen

Published 22 Jan, 2016 11:11am

Energy

Oil prices rally, but hold under $30

LONDON: Oil rebounded Thursday from recent 12-year lows but held below $30 per barrel, as traders digested news of a str

Published 21 Jan, 2016 08:09pm

Energy

Oil price drift lower before US inventories update

LONDON: World oil prices nudged lower Thursday before a key US snapshot of crude stockpiles, one day after striking 12 y

Published 21 Jan, 2016 01:57pm

Energy

Oil prices fall near 2003 lows on oversupply, demand worries

LONDON: Oil fell on Thursday, dipping back towards 12-year lows on persistent concerns about a supply overhang and the o

Published 21 Jan, 2016 11:28am

Energy

Saipem to price rights issue on Thursday as shares slide

MILAN: Italian oil services group Saipem will price a rights issue of up to 3.5 billion euros on Thursday as tumbling oi

Published 20 Jan, 2016 08:16pm

Energy

Oil slump rocks markets again in historic equity rout

LONDON: World stocks sank to their lowest levels since 2013 on Wednesday, hit by another tumble in oil to 13-year lows t

Published 20 Jan, 2016 04:35pm

Energy

Oil rout deepens as glut pushes US crude to new lows

LONDON: Oil futures extended their decline on Wednesday, with US crude touching its lowest since 2003, as a global suppl

Published 20 Jan, 2016 04:14pm

Energy

Oil sinks again on glut as US crude hits new lows

LONDON: Oil futures fell further on Wednesday, with U.S. crude touching its lowest since 2003, as a global supply glut b

Published 20 Jan, 2016 01:15pm

Energy

Oil prices rally on China, but Brent stays below $30

LONDON: Oil prices recovered strongly from 12-year lows Tuesday, lifted by improved sentiment over China despite its wor

Published 19 Jan, 2016 02:17pm

Energy

Oil rises on record Chinese demand, oversupply caps gains

LONDON: Oil prices rose more than 3 percent on Tuesday as data showed Chinese oil demand likely hit a record high in 201

Published 19 Jan, 2016 12:58pm

Energy

Oil rises most in four months on record Chinese demand

LONDON: Oil prices rose more than 5 percent on Tuesday as investors viewed bullish Chinese oil demand data as a buying t

Published 19 Jan, 2016 12:30pm

Energy

Russia's Gazprom says 2015 Sakhalin-2 LNG output hit 10.8mn tonnes

MOSCOW: Output of liquefied natural gas at the Sakhalin-2 project has hit 10.8 million tonnes in 2015, surpassing the pr

Published 19 Jan, 2016 08:35am

Energy

Schoeller-Bleckmann 2015 bookings fall 59pc to 202mn euros

VIENNA: New bookings at Schoeller-Bleckmann Oilfield Equipment AG fell 59.4 percent to 202 million euros ($219.45 millio

Published 19 Jan, 2016 07:59am

Energy

Oil hits 2003 low below $28 as Iran sanctions lifted

LONDON: Oil prices reached a 2003 low below $28 per barrel on Monday as the market braced for a rise in Iranian exports

Published 18 Jan, 2016 04:21pm

Energy

Oil firms after hitting 2003 low on lifting of Iran sanctions

LONDON: Oil prices rose on Monday, recovering from a 2003 low as the market braced for additional Iranian exports after

Published 18 Jan, 2016 03:24pm

Energy

OPEC sees oil market rebalancing in 2016, but Iran to counter non-OPEC decline

LONDON: OPEC forecast on Monday that oil supply from non-member countries will post a larger-than-expected decline this

Published 18 Jan, 2016 02:59pm

Energy

Oil prices rebound from new depths

LONDON: World oil prices rebounded Monday from new 12-year depths struck after the West lifted sanctions on Iran, paving

Published 18 Jan, 2016 01:56pm

Energy

Oil slides to lowest since 2003 after Iran sanctions lifted

LONDON/SINGAPORE: Oil prices hit their lowest since 2003 on Monday, as the market braced for additional Iranian exports

Published 18 Jan, 2016 01:15pm

Energy

Saudi crude exports rise in November to 7.719mn bpd

DUBAI: Saudi Arabia's crude oil exports in November rose to 7.719 million barrels per day from 7.364 million bpd in

Published 18 Jan, 2016 10:28am

Energy

Oil prices slump further ahead of Iran return

LONDON: Oil prices slumped to 12-year low points this week, as dealers prepared for increased Iranian exports to the mar

Published 15 Jan, 2016 08:55pm

Energy

German, Austrian power capacity seen slightly up next week

FRANKFURT: Power plant operators in Germany and Austria are set to increase available capacity by 0.2 percent over the n

Published 15 Jan, 2016 10:38am

Energy

Oil hovers at 12-year lows as Iran supply looms

LONDON: Oil prices steadied on Thursday, but remained near 12-year lows on the prospect of Iran unleashing its oil on an

Published 14 Jan, 2016 02:58pm

Energy

German heating oil stocks decline in January

LONDON: German consumer heating oil stocks at the start of January dropped to 59 percent of tank capacity from 60 percen

Published 14 Jan, 2016 10:07am

Energy

UK gas prices slide, tracking weakness in oil

LONDON: British gas prices sank on Tuesday, tracking losses in oil markets.Contracts for delivery in the second and thir

Published 12 Jan, 2016 09:13am

Energy

Gazprom says Russian gas exports to Europe up 8pc in 2015

MOSCOW: Russia's top natural gas producer Gazprom said on Monday that its pipeline gas exports to Europe rose by 8 p

Published 11 Jan, 2016 03:21pm

Energy

Oil extends losses in poor start to week

LONDON: Oil prices fell further Monday on worries about China's growth slowdown and a supply glut, but analysts said

Published 11 Jan, 2016 03:01pm

Energy

Green campaigners back Italian giant's tilt to renewable energy

ROME: Italian energy giant Enel was Monday putting the finishing touches to a corporate restructure designed to put rene

Published 11 Jan, 2016 03:00pm

Energy

Med Crude-Urals stronger in Med, steady in Baltic

LONDON: Russian Urals crude strengthened in the Mediterranean on Thursday widening the gap with the weaker Baltic market

Published 07 Jan, 2016 09:13pm

Energy

Oil slides below $33 to near 12-year low as China turmoil rattles investors

LONDON: Oil fell below $33 a barrel on Thursday for the first time since April 2004 as a slide in Chinese shares rattled

Published 07 Jan, 2016 04:33pm

Energy

Argentina tenders to buy nine LNG cargoes for Jan-March delivery

LONDON: Argentina's YPF has launched a tender to buy nine liquefied natural gas (LNG) cargoes for January to March d

Published 07 Jan, 2016 04:18pm

Energy

Oil hits 11-year low, Saudi-Iran row cuts chances of output restraint

LONDON: Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was seen mak

Published 06 Jan, 2016 12:38pm

Energy

Brent oil slumps under $35 for first time since 2004

LONDON: Brent oil prices tumbled Wednesday underneath $35 for the first time in 11 years, plagued by abundant oversupply

Published 06 Jan, 2016 11:44am

Energy

Nigeria's February crude oil exports retreat from multi-month high

LONDON: Total exports of Nigerian crude oil are expected to slide in February after reaching a three-month high for Janu

Published 05 Jan, 2016 09:35pm

Energy

Oil prices drop despite Middle East tensions

LONDON: Oil prices extended losses on Tuesday as the crude supply glut overshadowed a diplomatic row between key produce

Published 05 Jan, 2016 07:26pm

Energy

Oil prices dip despite Middle East tensions

LONDON: Oil prices fell further Tuesday as the crude supply glut overshadowed a diplomatic row between key producers Sau

Published 05 Jan, 2016 01:48pm

Energy

Oil prices drop after brief rise

LONDON: Oil prices fell Monday, wiping out gains won earlier on Middle East supply risks after Saudi Arabia cut diplomat

Published 04 Jan, 2016 07:45pm

Energy

Russian oil output hits post-Soviet record high in Dec, 2015

MOSCOW: Oil output in Russia, one of the world's largest producers, hit a post-Soviet high last month and in 2015 as

Published 02 Jan, 2016 08:58pm

Energy

Oil prices could hit record lows in 2016: BP chief

LONDON: Struggling oil producers could suffer even more pain in 2016 with further plunges in already record-low prices,

Published 02 Jan, 2016 08:04pm

Energy

Oil spearheads commodities rout in 2015

LONDON: Oil collapsed by almost 40 percent this year to strike 11-year lows on chronic oversupply, demand fears and Chin

Published 31 Dec, 2015 01:53pm

Energy

Crude skids towards 11-year low on surprise US stock build

LONDON: Brent crude slid back towards 11-year lows on Wednesday as US stockpiles swelled and Saudi Arabia reiterated a c

Published 30 Dec, 2015 08:36pm

Energy

Oil drops before US inventories data

LONDON: Oil prices resumed their decline on Wednesday ahead of the release of data on US commercial crude stockpiles and

Published 30 Dec, 2015 02:27pm

Energy

Oil holds near multi-year lows

LONDON: Oil prices firmed on Tuesday but held near recent multi-year lows as dealers weighed Saudi Arabia's budget i

Published 29 Dec, 2015 02:02pm

Energy

Oil hovers near 11-year lows on abundant supply, slowing demand

LONDON: Oil prices steadied not far off their 11-year lows on Tuesday, under pressure from slowing global demand and abu

Published 29 Dec, 2015 01:29pm

Energy

World stocks slide on China, oil worries

PARIS: World stocks fell on Monday as a weakening economic outlook for powerhouse China and renewed falls in the oil pri

Published 28 Dec, 2015 03:44pm

Energy

Oil falls to $37, near 11-year low, as excess supply weighs

LONDON: Oil fell close to $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply tha

Published 28 Dec, 2015 02:39pm

Energy

Russia's Gazprom approves $11.71bn investment plan for 2016

MOSCOW: The board of Russian gas exporter Gazprom has approved an investment programme for 2016 worth a total of 842 bil

Published 28 Dec, 2015 11:34am

Energy

Ukraine gas reserves fall 15.3pc since start of heating season

KIEV: Ukraine's gas reserves have fallen by around 15.3 percent to 14.4 billion cubic metres (bcm) since the beginni

Published 28 Dec, 2015 10:35am

Energy

Four more years of cheap oil: OPEC

VIENNA: The OPEC oil cartel sees only a gradual improvement in the global crude market, with prices recovering to above

Published 23 Dec, 2015 04:07pm

Energy

Oil up after US crude stocks drop, still close to multi-year lows

LONDON: Oil prices rose on Wednesday, underpinned by an unexpected fall in U.S. crude inventories but were still close t

Published 23 Dec, 2015 02:23pm

Energy

Oil prices rise before US data

LONDON: Oil prices rose Wednesday awaiting data on energy stockpiles in the United States, the world's biggest consu

Published 23 Dec, 2015 01:40pm

Energy

Russia's November refinery runs up 10.2pc from October

MOSCOW: Russian oil refinery runs rose 10.2 percent in November from the previous month, or 527,609 barrels per day (bpd

Published 23 Dec, 2015 01:04pm

Energy

Oil up after US crude stocks drop, still close to 11-year lows

LONDON: Oil prices edged up on Wednesday after an unexpected fall in U.S. crude inventories but remained not far above 1

Published 23 Dec, 2015 12:50pm

Energy

OPEC's market share to shrink by 2020 as rivals keep pumping despite oil's collapse

LONDON: Global demand for OPEC's crude will be lower in 2020 than next year as supply from rivals proves more resili

Published 23 Dec, 2015 10:27am

Energy

Shell says BG takeover works with oil price in low $60s

LONDON: Royal Dutch Shell's proposed $53 billion takeover of rival BG Group will work even if future oil prices are

Published 22 Dec, 2015 08:19pm

Energy

Oil prices recover slightly

LONDON: Oil prices rose slightly on Tuesday, with Brent prices bouncing back from 11-year lows caused largely by a globa

Published 22 Dec, 2015 02:05pm

Energy

Oil prices edge up from multi-year lows

LONDON: Oil prices rose slightly on Tuesday, bouncing off 11-year lows as investors closed bearish positions ahead of th

Published 22 Dec, 2015 12:31pm

Energy

Russian oil output may fall in 2017 due to tax regime

MOSCOW: Russia's oil production may start declining in 2017 if a tough taxation policy continues, Energy Minister Al

Published 22 Dec, 2015 09:21am

Energy

Oil at 11-year low, election impasse hits Spanish assets

LONDON: Brent crude oil extended a slide on Monday to its lowest level in more than 11 years while investors dumped Span

Published 21 Dec, 2015 01:21pm

Energy

Nigerian exports of Bonny Light crude oil to fall in February

LONDON: Nigeria plans to export 166,000 barrels per day (bpd) of Bonny Light crude oil in February, down from the 218,00

Published 21 Dec, 2015 11:16am

Energy

Nigerian LNG exports recovering after disruption

MILAN/LONDON: Nigerian exports of liquefied natural gas (LNG) are recovering after a disruption in loadings last week le

Published 17 Dec, 2015 10:58pm

Energy

Oil steadies, but oversupply, strong dollar keep pressure on

LONDON: Oil steadied on Thursday, close to an 11-year low, pressured by a relentless build in oversupply, and as the dol

Published 17 Dec, 2015 03:58pm

Energy

Oil up slightly, but oversupply, strong dollar keep pressure on

LONDON: Oil gained slightly on Thursday but remained not far off an 11-year low, pressured by a relentless buildup in ov

Published 17 Dec, 2015 03:47pm

Energy

British prompt gas prices fall on mild weather

LONDON: British prompt wholesale gas prices fell on Thursday due to oversupply created by unseasonably mild temperatures

Published 17 Dec, 2015 03:40pm

Energy

Oil nears 11-year low on oversupply, strong dollar

LONDON: Oil slipped towards an 11-year low on Thursday, dented further by a seemingly relentless build in oversupply, an

Published 17 Dec, 2015 01:16pm

Energy

Oil edges up, but oversupply, strong dollar keep pressure on

LONDON: Oil gained slightly on Thursday, but held close to an 11-year low, pressured by a relentless build in oversupply

Published 17 Dec, 2015 12:54pm

Energy

Russia's Novatek says China's Silk Road Fund provided 700mn euros to Yamal LNG

BEIJING: China's Silk Road Fund has provided 700 million euros ($761 million) to Yamal LNG, Leonid Mikhelson, the he

Published 17 Dec, 2015 09:25am

Energy

Oil slump resumes on US supply build, expected Fed rate hike

LONDON: Oil fell on Wednesday on fresh evidence of growing global oversupply, and as investors awaited the outcome of a

Published 16 Dec, 2015 04:12pm

Energy

OPEC producers bearish on oil in 2016 as oversupply persists

DUBAI/LONDON: OPEC producers see little chance of significantly higher oil prices in 2016 as extra Iranian production co

Published 16 Dec, 2015 01:43pm

Energy

Oil falls on US supply build, expected Fed rate hike

LONDON: Oil fell on Wednesday on fresh evidence of growing global oversupply and as investors awaited the outcome of a U

Published 16 Dec, 2015 01:26pm

Energy

Oil prices gain further

LONDON: Oil prices recovered further on Tuesday ahead of an expected and long-awaited hike in the main US interest rate.

Published 15 Dec, 2015 08:41pm

Energy

Enel to sell Slovakia's top power company to Czechs

PRAGUE: Italian energy giant Enel plans to sell its 66-percent stake in Slovakia's top power company Slovenske elekt

Published 15 Dec, 2015 08:35pm

Energy

Oil prices extend recovery

LONDON: Oil prices recovered further on Tuesday, the eve of an expected and long-awaited hike in the main US interest ra

Published 15 Dec, 2015 03:06pm

Energy

Oil edges up as multi-year lows trigger buying

LONDON: Oil prices edged higher on Tuesday as a slump to near 11-year lows in the previous session whetted investors&#39

Published 15 Dec, 2015 01:59pm

Energy

Oil price slump takes gloss off Paris climate deal

LONDON: Brent crude trading close to an 11-year low could be a big boost to global growth. But at least in the short-ter

Published 14 Dec, 2015 04:16pm

Energy

Stocks shrug off oil price slump

LONDON: Oil prices tumbled to the lowest levels in almost seven years Monday, dragging down energy stocks, although mark

Published 14 Dec, 2015 03:41pm

Energy

Oil prices drop towards 11-year lows on worsening glut

LONDON: Oil prices fell for a seventh straight session on Monday, coming close to 11-year lows, on growing fears that th

Published 14 Dec, 2015 01:13pm

Energy

China's Sinopec to pay $1.3bn for 10 percent stake in Russia's Sibur

MOSCOW: China Petrochemical Corporation (Sinopec Group) will buy up to 20 percent in Sibur, Russia's top petrochemic

Published 11 Dec, 2015 02:47pm

Energy

Poland's new LNG terminal receives its first gas supply

WARSAW: Poland's new LNG terminal received its first supply of gas on Friday, from Qatar.A methane tanker, Al Nuaman

Published 11 Dec, 2015 11:39am

Energy

Oil hits near seven-year low as global glut concerns persist

LONDON: US crude fell to a near seven-year low on Thursday, as oversupply concerns persisted, and prices were seen as vu

Published 10 Dec, 2015 09:37pm

Energy

OPEC points to larger 2016 oil surplus as group's output hits multi-year high

LONDON: OPEC pumped more oil in November than in any month since late 2008 and forecast little increase in demand for it

Published 10 Dec, 2015 09:14pm

Energy

Oil up after US storage slips, global glut concerns remain

LONDON: Oil edged up on Thursday, supported by a fall in US crude inventories after a run of 10 weekly rises, but global

Published 10 Dec, 2015 02:55pm

Energy

Oil producers offset fall in prices by raising output: Kemp

LONDON: The first response of commodity producers to a drop in prices is normally to increase production - ensuring pric

Published 10 Dec, 2015 01:09pm

Energy

European stocks slip at open

LONDON: Europe's main stock markets dipped in opening deals on Thursday, with London retreating ahead of an interest

Published 10 Dec, 2015 09:39am

Energy

Oil prices rise but stay near multi-year lows

LONDON: Oil prices crept higher Wednesday but still struggled near multi-year lows as analysts warned the weakness will

Published 09 Dec, 2015 04:41pm

Energy

Rio Tinto to increase aluminium output in 2016 despite global surplus

LONDON: Global miner Rio Tinto plans to boost aluminium production next year by about 10 percent due to productivity imp

Published 08 Dec, 2015 10:50pm

Energy

Brent oil falls under $40 for first time since 2009

LONDON: Brent crude prices sank under $40 on Tuesday for the first time in almost seven years, rocked by OPEC's rece

Published 08 Dec, 2015 05:15pm

Energy

Russia's Gazprom sees Q1 gas price for Ukraine at $230 before discount

MOSCOW: Russian gas price for Ukraine in the first quarter of 2016 is seen at $230 per 1,000 cubic metres before any dis

Published 08 Dec, 2015 02:28pm

Energy

Russia says oil firms to cut investments, not output growth in 2016

MOSCOW: Russian oil firms will slightly lower investments next year but keep the pace of oil production growth, Deputy E

Published 08 Dec, 2015 02:26pm

Energy

Weak China data weighs on emerging stocks, currencies

LONDON: Emerging market stocks extended their four-day losing streak on Tuesday as bourses and currencies came under pre

Published 08 Dec, 2015 02:18pm

Energy

EU's Sefcovic says working on reply to Nord Stream 2 opponents

PARIS: The European Union's energy chief said on Tuesday he was working on a response to a letter from a group of EU

Published 08 Dec, 2015 01:27pm

Energy

North Sea oil producer EnQuest to ramp up 2016 output by a third

LONDON: North-Sea focused oil producer EnQuest will ramp up oil production by a third next year as new fields increase o

Published 08 Dec, 2015 08:53am

Energy

Germany's Jan-Oct oil import bill down 34.4pc

FRANKFURT: Lower prices helped cut Germany's oil import bill by 34.4 percent to 28.0 billion euros ($30.30 billion)

Published 07 Dec, 2015 02:46pm

Energy

Weaker oil hits rouble, Venezuela bonds up on election

LONDON: The Russian rouble skidded 0.7 percent against the dollar on Monday, tracking a further fall in oil prices and a

Published 07 Dec, 2015 02:14pm

Energy

Oil falls towards 2015 low on OPEC inaction, strong dollar

LONDON: Oil prices edged closer to 2015 lows on Monday after OPEC's meeting ended without a reference to its output

Published 07 Dec, 2015 01:15pm

Energy

OPEC rolls over oil output policy, raises ceiling -sources

LONDON: The Organization of the Petroleum Exporting Countries (OPEC) kept its crude oil supply policy unchanged and agre

Published 04 Dec, 2015 03:20pm

Energy

Saudis seen rejecting calls for OPEC cuts as rivals pump more

VIENNA: Saudi Arabia and its Gulf allies will reject calls from fellow OPEC members to cut output, Iran said on Wednesda

Published 02 Dec, 2015 08:03pm

Energy

OPEC unlikely to cut without non-OPEC: senior delegate

VIENNA: OPEC is unlikely to cut production at its meeting this week given that non-OPEC producers are not cutting supply

Published 02 Dec, 2015 07:50pm

Energy

Russia accuses Turkey's Erdogan over IS oil trade

MOSCOW: Russia on Wednesday accused Turkish President Recep Tayyip Erdogan and his family of involvement in illegal oil

Published 02 Dec, 2015 05:13pm

Energy

Investors flee fossil fuels, but many banks still back coal: reports

LE BOURGET: Institutional investors are fleeing fossil fuels even as many major banks continue to pour money into coal,

Published 02 Dec, 2015 05:11pm

Energy

Dutch have begun to import more gas than they export

AMSTERDAM: The Netherlands has begun to import more natural gas than it exports, Statistics Netherlands said on Wednesda

Published 02 Dec, 2015 07:59am

Energy

Oil prices dip as Saudi sits tight on OPEC call

LONDON: Oil prices fell slightly Tuesday as Saudi Arabia's oil minister would not be drawn on the outcome of OPEC&#3

Published 01 Dec, 2015 07:26pm

Energy

North Sea crude oil supply to rise in January

LONDON: Supply of the North Sea crude oil that underpins the Brent benchmark will increase slightly in January, accordin

Published 01 Dec, 2015 03:04pm

Energy

Oil prices unchanged as Saudi readies for OPEC

LONDON: Oil prices were flat Tuesday as Saudi Arabia's oil minister was due to arrive in Vienna ahead of a key OPEC

Published 01 Dec, 2015 02:28pm

Energy

OPEC November oil output rises, led by Iraq, Saudi: Reuters survey

VIENNA: OPEC oil output has risen in November from the previous month, a Reuters survey found on Monday, led by a reboun

Published 30 Nov, 2015 06:56pm

Energy

Oil rises, traders take positions ahead of OPEC meeting

LONDON: Oil prices rose on Monday as investors took positions ahead of an OPEC meeting this week, despite expectations t

Published 30 Nov, 2015 06:26pm

Energy

Lukoil's 3Q profits fall 61pc

MOSCOW: Russia's largest private oil firm Lukoil said Monday its profits dropped 61 percent in the third quarter com

Published 30 Nov, 2015 02:02pm

Energy

Oil prices rise awaiting OPEC gathering

LONDON: Oil prices rose Monday as the market looked ahead to the end of the week when OPEC decides on whether to change

Published 30 Nov, 2015 01:56pm

Energy

Gazprom's Medvedev to meet EU antitrust chief next month

BRUSSELS: Gazprom's deputy chief executive is expected to meet EU antitrust chief Margrethe Vestager next month in a

Published 27 Nov, 2015 07:33pm

Energy

Oil prices retreat

LONDON: Oil prices retreated Friday, pushed down by excess supplies, but managed a rise over the week thanks to support

Published 27 Nov, 2015 03:23pm

Energy

Oil market dips in Thanksgiving lull

LONDON: World oil prices drifted lower Thursday in muted trading conditions amid the Thanksgiving Day holiday in top con

Published 26 Nov, 2015 12:53pm

Energy

UK gas prompt prices rise as Norway outage tightens supplies

LONDON: British gas prices rose on Thursday on short supplies as flows from Norway were reduced after extended maintenan

Published 26 Nov, 2015 12:40pm

Energy

Oil eases on glut, production outlook

LONDON: Oil fell on Thursday, after six days of gains, as concerns that escalating violence in the Middle East would dis

Published 26 Nov, 2015 12:00pm

Energy

North Sea Crude-Forties steady, Asian fixtures in focus

LONDON: North Sea Forties crude price differentials held steady on Tuesday, drawing support from indications that Asia c

Published 25 Nov, 2015 08:17pm

Energy

Oil falls as spotlight returns to growing glut, dollar up

LONDON/NEW YORK: Crude oil futures fell back towards $45 per barrel on Wednesday as the dollar gained and investor focus

Published 25 Nov, 2015 08:10pm

Energy

Rosneft CEO says calls for non-OPEC output cuts are 'strange'

YEKATERINBURG: Igor Sechin, the chief executive of top Russian oil company Rosneft, on Wednesday described calls by OPEC

Published 25 Nov, 2015 07:34pm

Energy

Bulgaria says Russian gas supplies at normal levels

SOFIA: Bulgaria's energy ministry said on Wednesday that Russian gas imports and gas which Moscow pipes through the

Published 25 Nov, 2015 07:22pm

Energy

Oil prices drop before US data

LONDON: World oil prices retreated Wednesday ahead of the latest official reading on crude stockpiles in main consumer U

Published 25 Nov, 2015 12:36pm

Energy

UK gas prices down on ample supply, milder temperatures

LONDON: British gas prices were slightly lower on Wednesday morning on ample supply and milder weather forecast for next

Published 25 Nov, 2015 12:16pm

Energy

Oil falls as spotlight returns to global glut

LONDON: Crude oil futures fell on Wednesday as investor focus shifted back to a deep global supply glut and away from th

Published 25 Nov, 2015 12:06pm

Energy

Poland says may remove gas price controls for industry from Q1 2016

WARSAW: Poland may next year remove controls it imposes on the price paid for natural gas by the biggest industrial cons

Published 25 Nov, 2015 11:54am

Energy

Gazprom says halts Ukraine gas deliveries over Kiev non-payment

MOSCOW: Russian state giant Gazprom on Wednesday said it had halted gas deliveries to Ukraine after Kiev failed to make

Published 25 Nov, 2015 08:40am

Energy

Oil climbs as Turkey shoots down Russian jet

LONDON: Global oil prices rose Tuesday after Turkey shot down a Russian jet on the Syria border, sparking fresh tensions

Published 24 Nov, 2015 01:39pm

Energy

UK GAS-Prompt prices nudge higher as outages curb supply

LONDON: British prompt gas prices rose on Tuesday morning, shrugging off warmer weather as lower imports from Norway cur

Published 24 Nov, 2015 11:56am

Energy

Norway's oil investments seen falling further next year

OSLO: Norway's oil and gas investments, a cornerstone of the country's economy, are set to fall more than previo

Published 24 Nov, 2015 11:38am

Energy

Oil rises on Middle East tensions, weaker US dollar

LONDON: Oil prices rose on Tuesday as tensions in the Middle East escalated following the downing of a Russian-made figh

Published 24 Nov, 2015 11:32am

Energy

Nigeria's January crude oil exports to reach three-month high

LONDON: Total exports of Nigerian crude oil are expected to rise by nearly 10 percent to a three-month high in January,

Published 23 Nov, 2015 08:59pm

Energy

Russia's Gazprom Neft says expects 2016 investments flat, at 380bn roubles

MOSCOW: Gazprom Neft, the oil arm of Russia's top natural gas producer Gazprom, expects 2016 investments unchanged,

Published 23 Nov, 2015 07:40pm

Energy

Statoil sees lower exploration activity next year

OSLO: Oil major Statoil will drill fewer exploration wells next year but will continue to explore in its home base of No

Published 23 Nov, 2015 07:38pm

Energy

Premier Oil says plans further capex cuts in coming years

LONDON: Oil producer Premier Oil plans to allocate around $400 million a year in 2017 and 2018 to capital expenditure (c

Published 23 Nov, 2015 07:36pm

Energy

Med Crude: Urals surges in Surgut tender, provisional plan for Novo out

MOSCOW: Urals crude price differentials in the Baltic surged in a spot tender on Monday, while the Novorossiisk provisio

Published 23 Nov, 2015 05:12pm

Energy

Ukraine gas stocks down 3pc since start of heating season

KIEV: Ukraine's gas reserves have fallen by around 3 percent to 16.6 billion cubic metres (bcm) since the beginning

Published 23 Nov, 2015 12:40pm

Energy

Statoil says to present two field development plans in 2016

OSLO: Oil major Statoil will present development plans for its Trestakk and Alfa Central fields next year, the company&#

Published 23 Nov, 2015 12:16pm

Energy

Norway's Statoil sees unchanged foreign development and production activity in 2016

OSLO: Oil major Statoil's activity level outside its Norwegian home base will be largely unchanged in 2016 compared

Published 23 Nov, 2015 09:53am

Energy

Norway PM says oil price too low to trigger enough investments

OSLO: Oil prices are currently too low to spur investments sufficient to meet future energy demands, Norwegian Prime Min

Published 23 Nov, 2015 09:48am

Energy

Oil tumbles as strong dollar, oversupply weigh on investors

LONDON: Oil prices fell on Monday, dented by the rise in the US dollar to seven-month highs, and analysts see more losse

Published 23 Nov, 2015 09:37am

Energy

Oil trades near three-month low as excess supply takes toll

LONDON: Brent crude oil futures edged higher on Friday but were still trading near three-month lows as the pressure of a

Published 20 Nov, 2015 01:18pm

Energy

West Africa Crude-IOC purchases a salve for oversupplied West Africa

LONDON: A larger-than-usual purchase from India's IOC supported West African crude oil on Thursday, but a nagging ba

Published 19 Nov, 2015 08:18pm

Energy

Oil slides again as focus returns to heavy glut

LONDON: Oil fell on Thursday, with U.S. crude dipping below $40 per barrel, retreating from early gains amid a persisten

Published 19 Nov, 2015 02:16pm

Energy

Oil climbs on France IS strikes, US stockpiles data

LONDON: Oil prices rose Thursday as Europe's assault on the Islamic State triggered the possibility of supply risks

Published 19 Nov, 2015 01:15pm

Energy

Oil rises slightly as bargain hunters dip into market

LONDON: Oil prices rose slightly on Thursday with some investors keen to buy at what they perceive to be bargain levels,

Published 19 Nov, 2015 12:00pm

Energy

Oil rises slightly as bargain hunters inch into market

LONDON: Oil prices rose slightly on Thursday with some investors keen to buy at what they perceive to be bargain levels,

Published 19 Nov, 2015 10:22am

Energy

West Africa Crude-Smaller Angola export plan fails to stem losses

LONDON: Angola's low January export programme was little salve to differentials, traders said, as the market grapple

Published 18 Nov, 2015 08:14pm

Energy

Oil rises, but oversupply hobbles gains

LONDON: Global oil prices rebounded Wednesday but buying sentiment remains sluggish owing to supply glut woes and a stro

Published 18 Nov, 2015 04:07pm

Energy

Angola's provisional Jan crude exports at a four-year low

LONDON: Angola's crude oil exports are expected to fall to 1.46 million barrels per day (bpd) in January, the lowest

Published 18 Nov, 2015 02:06pm

Energy

Norway gas exports in 2016 seen on a par with record 2015: Gassco CEO

STAVANGER: Norway, the second-largest gas exporter to the European Union after Russia, will export about the same level

Published 18 Nov, 2015 01:58pm

Energy

Falling US inventories boost oil, glut keeps lid on gains

LONDON: Oil rose on Wednesday on reports of falling stockpiles and rising refinery activity in the United States, but an

Published 18 Nov, 2015 12:01pm

Energy

Angola crude exports to fall to 1.46 million bpd in January

LONDON: Angola's crude oil exports are expected to fall to 1.46 million barrels per day (bpd) in January from 1.8 mi

Published 18 Nov, 2015 11:16am

Energy

Oil prices buckle under renewed concern about oversupply

LONDON: Oil prices fell on Tuesday, erasing gains linked to security fears after the Paris attacks, as investor focused

Published 17 Nov, 2015 07:43pm

Energy

Norway's Statoil says to pull out of Alaska

OSLO: Norwegian oil major Statoil said on Tuesday it will pull out of Alaska as its exploration leases in the Chukchi Se

Published 17 Nov, 2015 07:40pm

Energy

North Sea Crude: Forties stays at steep discount to dated Brent

LONDON: North Sea Forties crude differentials stayed at a steep discount to dated Brent on Tuesday, pressured by ample s

Published 17 Nov, 2015 07:38pm

Energy

Russian oil output may fall by up to 10mn tonnes in 2017

MOSCOW: Russian oil production may fall by up to 10 million tonnes in 2017 from projected levels for 2015 and 2016, affe

Published 17 Nov, 2015 01:59pm

Energy

Brent oil eases as focus returns to global oversupply

LONDON: Oil prices eased on Tuesday, reversing the previous day's gains, as the risk premium stemming from the Paris

Published 17 Nov, 2015 12:45pm

Energy

Oil rebounds on geopolitical tensions after Paris attacks

LONDON: Oil prices climbed on Monday on geopolitical tensions sparked by the deadly terror attacks in Paris, but analyst

Published 16 Nov, 2015 01:47pm

Energy

Political tensions lift oil after Paris attacks, but glut weighs

LONDON: Oil prices edged up on Monday because of heightened political and security tensions after Friday's deadly at

Published 16 Nov, 2015 12:53pm

Energy

Oil prices seen under pressure as Paris attacks spark demand worries

LONDON: Prices of oil and other commodities will come under renewed pressure on Monday on fears that Friday night's

Published 15 Nov, 2015 08:30pm

Energy

Total says expects Yamal LNG to get funding by year-end

MOSCOW: Total expects its Yamal LNG project to receive funding by the end of 2015, RIA news agency quoted a vice preside

Published 13 Nov, 2015 02:35pm

Energy

Enel sticks to guidance ahead of green merger

MILAN: Italy's biggest utility, Enel , posted a 12 percent rise in core earnings for the third quarter on Friday and

Published 13 Nov, 2015 01:53pm

Energy

Oil stages modest rebound on demand outlook

LONDON: World oil prices rose on Friday, rebounding slightly from the previous day's sharp losses, after the Interna

Published 13 Nov, 2015 01:32pm

Energy

Coal subsidised with 10bn euros a year in EU

BERLIN: EU states are subsidising climate-harming coal to the tune of 10 billion euros ($10.7 billion) a year, according

Published 13 Nov, 2015 09:54am

Energy

Oil steadies on gasoline demand, technical buying

LONDON: Oil prices steadied on Thursday at around $46 per barrel, as demand for gasoline and technical buying after a sh

Published 12 Nov, 2015 12:54pm

Energy

Iran eyes 2016 oil output at 4.3mn bpd

MOSCOW: Iran hopes to reach oil production of 4.3 million barrels per day (bpd) in 2016 once the lifting of internationa

Published 12 Nov, 2015 12:37pm

Energy

Russia's Gazprom Neft sees 2015 reserves up on the year

MOSCOW: Gazprom Neft, the oil arm of state gas producer Gazprom, said on Wednesday it expected its hydrocarbon reserves

Published 11 Nov, 2015 12:57pm

Energy

Oil market ekes out gains

LONDON: World oil prices rose slightly on Tuesday, snapping four sessions of straight losses, as traders digested a mixe

Published 10 Nov, 2015 08:37pm

Energy

Oil market dogged by supply glut

LONDON: World oil prices declined Tuesday, falling for the fifth straight session on long-running worries about a supply

Published 10 Nov, 2015 02:30pm

Energy

Britain's FTSE extends losses as miners slip

LONDON: Britain's top share index extended the previous session's losses on Tuesday, with weaker miners hit by a

Published 10 Nov, 2015 01:03pm

Energy

BP says oil majors have axed 80 projects this year

ABU DHABI: Oil majors have cancelled a total of 80 projects across the globe this year because of low oil prices and cut

Published 10 Nov, 2015 08:12am

Energy

Oil market falls back

LONDON: World oil prices reversed Monday on supply glut woes, the strong dollar and signs of faltering demand from Asian

Published 09 Nov, 2015 06:12pm

Energy

Oil edges up as OPEC sees strong demand next year

LONDON: Oil futures rose above $47.50 a barrel on Monday as OPEC said it expected global demand to remain strong next ye

Published 09 Nov, 2015 12:48pm

Energy

Oil falls, dented by signs of rising excess supply

LONDON: Oil prices fell on Thursday, under pressure from rising supplies both in the United States, where inventories ga

Published 05 Nov, 2015 08:47pm

Energy

Oil slips on supply glut jitters

LONDON: World oil prices slipped Thursday after tanking in the previous session on intensifying worries over global crud

Published 05 Nov, 2015 06:22pm

Energy

Oil holds above $50 on Brazil supply worries

LONDON: Oil prices held above $50 a barrel on Wednesday following a 3 percent jump a day earlier on the back of Brazilia

Published 04 Nov, 2015 02:23pm

Energy

Georgia's Jan-Oct Batumi port oil loadings down 11pc

TBILISI: Shipments of crude oil and refined oil products from Georgia's Black Sea port of Batumi between January and

Published 04 Nov, 2015 01:41pm

Energy

LNG glut to dampen European carbon price rises

LONDON: A glut of liquefied natural gas (LNG) over the next couple of years is likely to drive down power sector emissio

Published 03 Nov, 2015 02:44pm

Energy

Statoil makes $236mn investment in floating wind farm off Scotland

OSLO: Norway's oil and gas firm Statoil said on Tuesday it will invest about 2 billion crowns ($236 million) in buil

Published 03 Nov, 2015 07:27am

Energy

Oil prices drop on Chinese, Russian data

LONDON: World oil prices fell Monday on data showing that the key manufacturing sector in China, the world's top ene

Published 02 Nov, 2015 08:05pm

Energy

Polish banks, bonds slide on Fed, local policy risks

BUDAPEST/WARSAW: Bank stocks dragged Warsaw's blue-chip equities index to its lowest levels in over three weeks on f

Published 29 Oct, 2015 07:38pm

Energy

Oil dips as Saudi rules out intervention

LONDON: Oil retreated after Saudi Arabia's influential oil minister said Tuesday it was up to the market to determin

Published 27 Oct, 2015 12:49pm

Energy

Oil prices fall as glut worries worsen

LONDON: Oil prices fell on Tuesday, extending losses into a third week, on worries over a supply glut and with U.S. inve

Published 27 Oct, 2015 12:30pm

Energy

Gazprom picks Linde as partner for gas processing plant

MUNICH: Russian natural gas exporter Gazprom has selected Germany's Linde as a partner to build a gas processing pla

Published 26 Oct, 2015 07:35pm

Energy

North Sea Crude: Diffs fall as battle for Asian buyers heats up

LONDON: North Sea Forties crude differentials fell on Monday as competition with other Atlantic Basin grades for buyers

Published 26 Oct, 2015 07:19pm

Energy

Oil extends gains before US data

LONDON: Oil prices rose Friday on bargain-buying but analysts warned of fresh selling pressure as the United States prep

Published 23 Oct, 2015 01:04pm

Energy

Oil drops on US inventory data

LONDON: Oil prices fell on Wednesday on fresh indications of weaker demand in top global crude consuming nation the Unit

Published 21 Oct, 2015 06:32pm

Energy

Oil prices extend losses

LONDON: Oil prices fell Tuesday, but not as sharply as a day earlier, as markets looked ahead to more indications of wor

Published 20 Oct, 2015 05:51pm

Energy

Europe Gasoline/Naphtha-Cracks soften, raising run cut talk

LONDON: Gasoline cracks slipped on Monday as demand from the key US market remained sluggish, though levels held above t

Published 19 Oct, 2015 08:23pm

Energy

Oil prices slip below $50 on Chinese demand concerns

LONDON: Oil prices fell on Monday on concerns about the pace of economic growth in China, the world's largest energy

Published 19 Oct, 2015 02:39pm

Energy

Oil falls on Chinese demand concerns, Iran nuclear deal progress

LONDON: Oil prices fell by more than 2 percent on Monday on concerns over the pace of economic growth in China, the worl

Published 19 Oct, 2015 02:25pm

Energy

Enel Green Power, F2i sign photovoltaic JV agreement

MILAN: Italy's biggest renewable energy group Enel Green Power (EGP) and infrastructure fund F2i have agreed to set

Published 16 Oct, 2015 01:49pm

Energy

Norway oil drop less than expected in September

OSLO: Norwegian oil production slipped less than expected in September, to 1.543 million barrels per day (bpd), the coun

Published 14 Oct, 2015 08:48am

Energy

Bulgaria to expand gas storage capacity

SOFIA: Bulgaria's sole underground gas storage site will be expanded to allow the country to use more than 5 million

Published 13 Oct, 2015 12:32pm

Energy

Oil prices climb as OPEC eyes demand recovery

LONDON: Global oil prices edged higher Monday as dealers digested an upbeat market assessment from the OPEC crude produc

Published 12 Oct, 2015 01:08pm

Energy

Oil pares gains after US inventories cloud outlook

LONDON: Oil prices held steady after surrendering early gains on Thursday, as an unexpectedly large rise in US inventory

Published 08 Oct, 2015 11:49am

Energy

Russia's Gazprom delays pipeline project amid Turkey tensions

MOSCOW: Russian gas giant Gazprom said Wednesday its TurkStream pipeline project with Turkey would be delayed as tension

Published 07 Oct, 2015 03:45pm

Energy

Oil extends gains as fears over glut, US rates ease

LONDON: Oil rose Wednesday, driven by hopes of an easing in the stubborn global supply glut, before a key update on stoc

Published 07 Oct, 2015 01:43pm

Energy

OPEC chief sees oil market improving, low price will not persist

LONDON: OPEC sees the oil market improving because of higher demand for the group's crude and a drop in supply growt

Published 06 Oct, 2015 12:18pm

Energy

Oil prices rally on reported Russian moves

LONDON: Oil prices rallied on Monday amid reports that key producer Russia was willing to discuss the global supply glut

Published 05 Oct, 2015 06:40pm

Energy

Oil prices extend gains

LONDON: Oil extended gains Monday as a slowdown in US production helped to offset a weak US jobs report, analysts said.U

Published 05 Oct, 2015 01:12pm

Energy

Russia energy Minister: discounted gas price for Ukraine in Q4 around $230

SOCHI: Russian Energy Minister Alexander Novak said on Saturday that the discounted price Ukraine would pay for Russian

Published 03 Oct, 2015 09:15am

Energy

Oil turns negative after weak US jobs data

LONDON: Oil fell on Friday, reversing earlier gains after non-farm payrolls data came in weaker than expected which clou

Published 02 Oct, 2015 02:33pm

Energy

Oil prices advance on US production drop

LONDON: Global oil prices climbed Thursday with a fall in US crude production helping to offset concerns over high crude

Published 01 Oct, 2015 01:09pm

Energy

Oil rises as Russia bombs Syria, US faces hurricane

LONDON: Oil prices rose on Wednesday on concerns of an escalation in the Syrian war after Russia started air strikes aga

Published 30 Sep, 2015 05:09pm

Energy

Oil prices rebound

LONDON: Oil prices recovered Tuesday around half of the previous day's losses that had been caused by renewed concer

Published 29 Sep, 2015 01:18pm

Energy

Shell halts controversial search for Alaskan oil

LONDON: Royal Dutch Shell said Monday it was halting its search for oil off the Alaskan coast, with environmentalists cl

Published 28 Sep, 2015 04:37pm

Energy

Oil prices drop with China, US in focus

LONDON: Oil prices fell Monday in the wake of further disappointing data out of China, a key consumer of commoditiesUS b

Published 28 Sep, 2015 12:13pm

Energy

North Sea Crude-Diffs edge up as traders focus on Nov. supply

LONDON: North Sea crude price differentials edged higher on Thursday, gaining some respite after a three-day slide this

Published 24 Sep, 2015 04:58pm

Energy

Oil rebounds near $48 on bargain-hunting after sharp fall

LONDON: Oil steadied at around $48 a barrel on Thursday, as investors sought bargains after a sharp fall the previous da

Published 24 Sep, 2015 12:26pm

Energy

Oil prices stable after slide

LONDON: The global oil market held firm on Thursday after sliding in the previous session in response to rising US oil o

Published 24 Sep, 2015 12:00pm

Energy

Total trims investments to put dividend at heart of strategy

LONDON/PARIS: French oil and gas major Total put the protection of its dividend at the centre of its strategy on Wednesd

Published 23 Sep, 2015 07:20pm

Energy

Oil up to $50 as US stock-draw balances China data

LONDON: The price of Brent crude oil jumped more than 2 percent to $50 a barrel on Wednesday as a drawdown in US crude o

Published 23 Sep, 2015 07:15pm

Energy

Oil falls 2pc as concern over demand bites

LONDON: Crude oil prices fell as much as 2 percent on Tuesday on uncertainty over whether global demand will be enough t

Published 22 Sep, 2015 07:35pm

Energy

Total says no manipulation of natgas market after US accusations

PARIS: French oil and gas major Total said on Tuesday that it was convinced its local unit TGPNA had not committed any o

Published 22 Sep, 2015 06:31pm

Energy

Nigeria's crude oil exports expected to slide in November

LONDON: Total exports of Nigerian crude were expected to fall by roughly 10 percent in November from the annual high hit

Published 22 Sep, 2015 06:05pm

Energy

Volatile oil market drops after brief rally

LONDON: Oil prices slid once more on Tuesday, reversing sharp gains in the previous session, hit by persistent concerns

Published 22 Sep, 2015 05:22pm

Energy

Oil prices drop after Fed holds rate

LONDON: Oil prices fell Friday after the US Federal Reserve kept its main interest rate on hold and following a volatile

Published 18 Sep, 2015 07:26pm

Energy

European shares steady ahead of Fed decision on rates

MILAN: European shares closed little changed on Thursday with many investors refraining from taking up big positions as

Published 17 Sep, 2015 07:17pm

Energy

Poland's LNG terminal likely to hit full capacity by 2018

WARSAW: Poland's first liquefied natural gas (LNG) terminal should finally be ready for commercial use next May and

Published 16 Sep, 2015 08:17pm

Energy

North Sea Crude: Diffs bounce, echoing futures rally

LONDON: North Sea crude oil price differentials rose sharply on Wednesday to reach their highest since late July, in lin

Published 16 Sep, 2015 08:15pm

Energy

Oil prices climb on surprise fall of US stocks

LONDON: Oil prices rose in European trading, aided by a surprise fall in US stocks according to an industry estimate, bu

Published 16 Sep, 2015 12:44pm

Energy

Oil prices dip on weaker China data

LONDON: Oil fell on Monday as weaker-than-expected Chinese economic data weighed on markets, adding to concerns that dec

Published 14 Sep, 2015 11:59am

Energy

Russia's Gazprom to sell up to 2 bcm of gas per year to Azerbaijan

MOSCOW: Russia's Gazprom said on Friday it has signed a deal to sell up to 2 billion cubic metres of gas per year to

Published 11 Sep, 2015 12:09pm

Energy

Brent oil rises on European, Chinese data; oversupply weighs

LONDON: Brent oil rose on Tuesday as strong European economic data and a year-on-year increase in Chinese crude imports

Published 08 Sep, 2015 12:49pm

Energy

Wheat rebounds from 5-year low as focus turns to USDA report

PARIS/SINGAPORE: US wheat rose nearly 2 percent on Tuesday in a bounce from a five-year low, supported by broad gains in

Published 08 Sep, 2015 12:17pm

Energy

Oil prices slide at start of week

LONDON: Oil prices slid Monday amid market volatility, as investors assessed the outlook for US interest rates. US bench

Published 07 Sep, 2015 09:30pm

Energy

Oil dips in cautious trade ahead of US jobs report

LONDON: Oil prices slipped in cautious trade Friday as investors awaited the release of a US jobs report for August that

Published 04 Sep, 2015 12:35pm

Energy

Oil rangebound as equity rally offsets inventory rise

LONDON: Crude prices traded in a narrow range on Thursday as optimism over equity markets helped offset a surprise incre

Published 03 Sep, 2015 11:45am

Energy

Russia's Gazprom to sign MOU on gas supplies to China

MOSCOW: Russia's Gazprom will sign a memorandum of understanding (MOU) with CNPC on piping gas to China during Presi

Published 31 Aug, 2015 01:09pm

Energy

Oil falls back below $49 as glut, China concerns weigh

LONDON: Oil fell below $49 a barrel on Monday after its biggest two-day rally in six years last week, pressured by a sup

Published 31 Aug, 2015 12:22pm

Energy

Oil prices slide after US-inspired jump

LONDON: Oil slid Friday at the end of a tumultuous week, during which prices hit 6.5-year lows on fears over China's

Published 28 Aug, 2015 01:47pm

Energy

Lithuania LNG imports could fall to 320-320 mcm in 2016

OSLO: Lithuania is planning to import 35-40 percent less liquefied natural gas (LNG) via its terminal at the Klaipeda po

Published 28 Aug, 2015 12:03pm

Energy

Oil firms before US energy report

LONDON: Oil prices turned higher Wednesday but remained near six-year lows ahead of the latest US energy report after ji

Published 26 Aug, 2015 12:50pm

Energy

Oil rallies but still near 6-1/2-year lows

LONDON: Oil bounced back from heavy losses on Tuesday but global oversupply and worries over the severity of the economi

Published 25 Aug, 2015 12:04pm

Energy

Brent crude oil speculators turn more bullish

LONDON: Money managers and hedge funds have increased their bets on rising crude oil prices, figures from InterContinent

Published 24 Aug, 2015 01:18pm

Energy

Oil market slumps under $39 on China, oversupply

LONDON: World oil prices sank to 6.5-year lows on Monday, with New York crude sliding under $39 on fears over Chinese en

Published 24 Aug, 2015 12:39pm

Energy

Oil market ducks close to $40

LONDON: Oil prices fell close to $40 per barrel on Thursday, striking a new 6.5-year low on supply glut woes, before tur

Published 20 Aug, 2015 08:01pm

Energy

Oil slips closer to six-year low on Japan data, oversupply

LONDON: Oil prices fell towards six-year lows on Monday on data showing the economy of Japan, the world's third-bigg

Published 17 Aug, 2015 06:00pm

Energy

Brent crude oil steady; NY price drops

LONDON: Brent North Sea crude steadied Monday while New York-traded oil fell as markets reacted to high supplies and slu

Published 17 Aug, 2015 01:08pm

Energy

Oil moves nearer six-year low on Japan data, oversupply

LONDON: Oil fell towards six-year lows on Monday, on data showing the economy of Japan, the world's third biggest oi

Published 17 Aug, 2015 12:10pm

Energy

Oil price steady after new six-year low

LONDON: Oil prices steadied Friday after New York crude reached a new multi-year low point against a backdrop of high su

Published 14 Aug, 2015 01:20pm

Energy

Oil prices steady after volatile week

LONDON: Oil prices steadied Thursday after an up and down week, as traders tracked developments over China and an oversu

Published 13 Aug, 2015 02:43pm

Energy

Russia's Gazprom Neft recommends H1 dividend of 5.92 rbls/shr

MOSCOW: The board of Gazprom Neft , the oil arm of state gas company Gazprom, has recommended paying 5.92 roubles ($0.09

Published 13 Aug, 2015 02:22pm

Energy

Brent pares gains as oil glut returns to the fore

LONDON: Brent crude prices pared gains on Thursday as the market weighed a burst of optimistic news on demand against th

Published 13 Aug, 2015 02:16pm

Energy

Oil prices fall after China devalues yuan

LONDON: Oil prices fell on Tuesday after China devalued its currency in its latest effort to prop up economic growth, ma

Published 11 Aug, 2015 06:00pm

Energy

West Africa Crude: Ample supply weighs on differentials

LONDON: Price differentials of West African crude were under pressure on Tuesday, as ample supply of September loading o

Published 11 Aug, 2015 04:42pm

Energy

Europe Gasoline/Naphtha: Gasoline slips, but late summer fixtures possible

LONDON: European gasoline barge prices slipped on Tuesday, following Brent crude futures down, but this raised hopes tha

Published 11 Aug, 2015 04:36pm

Energy

Oil prices drop on China currency move

LONDON: Oil prices fell Tuesday, mirroring sentiment across commodity markets, after China devalued its currency to help

Published 11 Aug, 2015 02:14pm

Energy

Brent oil hits six-month low after Chinese trade data

LONDON: Crude oil futures touched multi-month lows on Monday after a weekend of mixed data from China showing higher oil

Published 10 Aug, 2015 09:20am

Energy

Oil prices dip at end of turbulent week

LONDON: Oil prices eased on Friday at the end of a week in which they hit multi-month lows, extending a prolonged losing

Published 07 Aug, 2015 02:53pm

Energy

Oil prices rise before US stockpiles report

LONDON: Oil prices rose Wednesday as dealers predicted that the latest US crude stockpiles and production data will poin

Published 05 Aug, 2015 02:11pm

Energy

Oil prices fall further as supply concerns linger

LONDON: Oil prices fell Monday on persistent concerns about the global supply glut, analysts said.US benchmark West Texa

Published 03 Aug, 2015 03:22pm

Energy

Russian oil production dips in July

MOSCOW: Russian oil output fell to 10.65 million barrels per day (bpd) in July, down from 10.71 million bpd in June, fal

Published 02 Aug, 2015 10:28am

Energy

Oil falls after OPEC comments imply no supply cut

LONDON: Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' car

Published 31 Jul, 2015 01:05pm

Energy

Oil falls after OPEC comments imply no supply cut

LONDON: Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' car

Published 31 Jul, 2015 10:01am

Energy

Oil market rebounds on US energy report

LONDON: Oil prices rebounded Wednesday as investors digested signs of stronger-than-expected US crude demand in the worl

Published 29 Jul, 2015 07:14pm

Energy

Oil contractor Saipem slashes guidance and jobs in turnaround effort

MILAN: Italian oil contractor Saipem slashed its guidance for the year on Tuesday as it booked writedowns of 929 million

Published 28 Jul, 2015 06:31pm

Energy

Oil prices fall further

LONDON: Global oil prices fell further Tuesday on stubborn concerns over high supplies and slowing Chinese demand.US ben

Published 28 Jul, 2015 12:21pm

Energy

Statoil CEO sees oil at $80 by 2018

OSLO: Statoil's Chief Executive said on Tuesday he saw crude oil prices climbing to $80 a barrel by 2018 and repeate

Published 28 Jul, 2015 07:54am

Energy

Oil prices drop on Chinese woes

LONDON: World oil prices slid on Monday to around four-month lows, hurt by poorly received economic data from China, the

Published 27 Jul, 2015 08:47pm

Energy

Oil prices drop on Chinese, US data

LONDON: World oil prices slid on Monday, hurt by poorly-received economic data from China, the world's top energy co

Published 27 Jul, 2015 12:18pm

Energy

Russia's Gazprom says files case against Turkmengaz over price

MOSCOW: Russian gas company Gazprom said on Friday it had filed a case against Turkmenistan's Turkmengaz at the inte

Published 24 Jul, 2015 01:12pm

Energy

Nigeria to export around 1.89mn bpd oil in Sept

LONDON: Nigeria is set to export around 1.89 million barrels per day of crude oil in September, a provisional shipping l

Published 24 Jul, 2015 12:37pm

Energy

Brent crude nears 4-month low as China factories contract, dollar firms

LONDON: Oil prices hovered near four-month lows on Friday after data showed a contraction in China's factory sector

Published 24 Jul, 2015 12:32pm

Energy

Oil prices steady; WTI stuck below $50

LONDON: Oil prices were narrowly mixed Thursday, with New York prices stuck below $50 after a rise in US crude stockpile

Published 23 Jul, 2015 02:17pm

Energy

Oil prices rebound slightly after ducking under $50

LONDON: World oil prices ducked briefly under $50 per barrel on Tuesday, before staging a modest rebound on the eve of t

Published 21 Jul, 2015 07:42pm

Energy

New York oil ducks under $50

LONDON: World oil prices slipped Tuesday with US crude ducking under $50 as demand took a hit from the looming return of

Published 21 Jul, 2015 02:08pm

Energy

Oil drops on concerns of glut in refined products

LONDON: Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports an

Published 20 Jul, 2015 12:55pm

Energy

Oil dips on strong dollar, supply fears

LONDON: World oil prices fell further Monday on a stronger dollar and concerns that a supply glut will worsen following

Published 20 Jul, 2015 11:54am

Energy

Oil steadies as Saudi crude exports fall

LONDON: Oil prices steadied on Monday after data showing a sharp drop in Saudi Arabia's crude oil exports balanced s

Published 20 Jul, 2015 09:36am

Energy

Oil prices rebound

LONDON: Oil prices rebounded Thursday after a sharp decline the day before as traders tried to get a handle on the full

Published 16 Jul, 2015 03:06pm

Energy

Oil prices rise as stock draw balances supply

LONDON: Oil prices rose on Thursday after data showed U.S. crude inventories dropped and refinery demand was robust desp

Published 16 Jul, 2015 09:56am

Energy

Oil falls on prospect of higher Iranian exports

LONDON: Oil prices fell on Wednesday as investors digested the likely impact of increasing Iranian fuel exports at a tim

Published 15 Jul, 2015 04:51pm

Energy

Low oil price domino effect to shut more North Sea fields early

LONDON: Low oil prices have tightened the screws on some of the most depleted and costly oilfields in Britain's Nort

Published 14 Jul, 2015 11:44am

Energy

Shell says keen to explore ways to do business in Iran

LONDON: Oil major Shell said it was interested in doing business in Iran and was engaging with relevant governments to u

Published 14 Jul, 2015 11:33am

Energy

Oil prices steady awaiting Iran deal

LONDON: Oil prices were stable Monday as markets waited to see whether Iran and western powers would agree a landmark de

Published 13 Jul, 2015 06:14pm

Energy

Oil rises to $57 as Iran talks drag on

LONDON: Brent oil bounced back from a three-month low to around $57 a barrel on Wednesday after an industry report showe

Published 08 Jul, 2015 12:05pm

Energy

Indonesia's Bontang LNG plant sells at least 12 cargoes

LONDON/MILAN: Indonesia's Bontang liquefied natural gas (LNG) export plant has sold at least 12 cargoes to buyers in

Published 07 Jul, 2015 11:54am

Energy

Oil prices drop amid high US output

LONDON: Oil prices fell on Friday with the focus on high US output as traders looked ahead to Greece's weekend refer

Published 03 Jul, 2015 12:33pm

Energy

Oil prices recover as Iran talks, Greek crisis drag on

LONDON: Oil prices recovered Thursday as markets tracked the latest diplomacy surrounding Iran and Greece, awaiting more

Published 02 Jul, 2015 12:37pm

Energy

Shell gives green light to develop giant Gulf of Mexico field

LONDON: Royal Dutch Shell has given the green light for the development of the Appomattox deepwater oil and gas field in

Published 01 Jul, 2015 01:20pm

Energy

Eni to sell 1.4mn tonnes/year of LNG to Indonesia's Pertamina

MILAN: Italian oil firm Eni on Tuesday signed agreements to sell 1.4 million tonnes per annum (mtpa) of liquefied natura

Published 30 Jun, 2015 01:39pm

Energy

Oil prices retreat on Greece

LONDON: Oil prices dropped on Monday, tracking a sell-off in global equity markets and the euro caused by fears of a Gre

Published 29 Jun, 2015 12:39pm

Energy

Russia's Rosneft reports first quarter profit rise of 30pc

MOSCOW: Russia's oil giant Rosneft said Friday its net profit rose by 30.2 percent in the first quarter from the sam

Published 26 Jun, 2015 03:14pm

Energy

Oil prices slip as Greece and Iran rattle market

LONDON: Oil prices fell on Thursday as concerns over Greek debt negotiations and the potential easing of sanctions on cr

Published 25 Jun, 2015 07:18pm

Energy

Oil prices mixed after falling

LONDON: Oil prices were mixed Thursday after falls the previous day caused by high US output, while the market also trac

Published 25 Jun, 2015 12:45pm

Energy

Statoil cancels China Oilfield Services rig contract

OSLO: Oil major Statoil has cancelled a rig contract with China Oilfield Services some 13 months ahead of the expiry dat

Published 24 Jun, 2015 12:17pm

Energy

Total pulls out of Russian gas project

PARIS: Total said Wednesday it had pulled out of the Shtokman natural gas project in the Barents Sea, with development o

Published 24 Jun, 2015 12:00pm

Energy

Oil prices rise ahead of US inventory data

LONDON: Expectations of a decline in US crude inventories were pushing oil prices higher in European trading on Wednesda

Published 24 Jun, 2015 11:56am

Energy

Oil prices steady awaiting Iran supplies deal

LONDON: Oil prices steadied Tuesday as traders eyed the possible return of Iranian crude to the global market with suppl

Published 23 Jun, 2015 12:59pm

Energy

Oil falls to $63, ample supplies and Greece weigh

LONDON: Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that US shale oil output would k

Published 19 Jun, 2015 01:20pm

Energy

Gazprom inks plan for new gas pipeline to Germany

SAINT PETERSBURG: Russian gas giant Gazprom on Thursday agreed a plan with Shell, E.ON and OMV aimed at building a new g

Published 18 Jun, 2015 01:53pm

Energy

Oil prices steady after weak start

LONDON: Oil prices steadied Tuesday after starting the week with losses amid concerns over ample supply and the breakdow

Published 16 Jun, 2015 03:01pm

Energy

Norway's Statoil could cut workforce by 2,000

OSLO: Norwegian energy firm Statoil could lay off another 2,000 employees by the end of 2016, business daily Dagens Naer

Published 12 Jun, 2015 07:13am

Energy

Global LNG: Price slide resumes on weak demand

MILAN: Asian spot liquefied natural gas (LNG) prices for July fell this week on continued weak demand and ample supply.

Published 11 Jun, 2015 08:04pm

Energy

Oil prices drop as IEA predicts demand slowdown

LONDON: Oil prices dropped Thursday as the International Energy Agency predicted that a recent surge in world crude dema

Published 11 Jun, 2015 06:17pm

Energy

Oil prices drop as IEA predicts demand slowdown

LONDON: Oil prices dropped Thursday as the International Energy Agency predicted that a recent surge in world crude dema

Published 11 Jun, 2015 03:26pm

Energy

Oil prices slide as OPEC sits tight

LONDON: World oil prices slid this week as OPEC decided against cutting its output target, while a boost for the dollar

Published 05 Jun, 2015 07:56pm

Energy

Oil steadies ahead of OPEC meeting

LONDON: Oil prices steadied on Thursday as a weaker dollar offset worries over a global supply glut ahead of a meeting o

Published 04 Jun, 2015 12:30pm

Energy

Oil up ahead of OPEC meeting as dollar slips

LONDON: Oil prices rose on Tuesday in response to a weaker dollar and expectations that OPEC producers will maintain the

Published 02 Jun, 2015 12:23pm

Energy

Oil falls as OPEC output stays high, dollar rises

LONDON: Crude oil prices dropped on Monday as the dollar rose and on expectations that OPEC production would remain high

Published 01 Jun, 2015 12:58pm

Energy

Oil prices firm on mixed US stockpiles report

LONDON: Oil edged higher Friday after a mixed US report showed a healthy decline in crude and gasoline reserves but a ri

Published 29 May, 2015 12:31pm

Energy

Russia's Rosneft says considering moving LNG project away from Sakhalin

MOSCOW: Russia's top oil producer Rosneft said on Thursday it is considering moving the construction of its liquefie

Published 28 May, 2015 09:38pm

Energy

Oil drops as dollar rally resumes

LONDON: Oil prices fell to their lowest levels in a month on Thursday as the dollar resumed a 10-day rally, making fuel

Published 28 May, 2015 02:25pm

Energy

Oil market climbs before US energy report

LONDON: World oil prices rose Thursday on expectations that the latest US stockpiles report will show a further dip in c

Published 28 May, 2015 02:04pm

Energy

Oil steadies ahead of US inventory data

LONDON: Oil prices steadied on Thursday after a two-day slide as investors awaited data from the U.S. Energy Information

Published 28 May, 2015 12:22pm

Energy

Oil market rebounds slightly

LONDON: World oil prices rose Wednesday on bargain-hunting after sharp falls the previous day triggered by a strong US d

Published 27 May, 2015 12:47pm

Energy

Oil pares gains as dollar recovers

LONDON: Crude oil futures edged up on Wednesday on expectations that U.S. crude stocks fell for a fourth straight week,

Published 27 May, 2015 12:21pm

Energy

Oil drops to $65 on US shale outlook, dollar

LONDON: Oil fell to around $65 a barrel on Tuesday, pressured by the possibility that U.S. shale oil producers could inc

Published 26 May, 2015 12:11pm

Energy

Oil prices steady as firm demand offsets dollar strength

LONDON: Crude oil futures edged up on Monday as firm global demand vied with a strong dollar, but a public holiday in th

Published 25 May, 2015 08:46pm

Energy

Oil prices steady as firm demand offsets dollar strength

LONDON: Crude oil futures edged up on Monday as firm global demand vied with a strong dollar, but a public holiday in th

Published 25 May, 2015 02:43pm

Energy

Oil falls back on profit-taking

LONDON: Global oil prices fell on Friday, unwinding recent sharp gains that were fuelled by hopes that a global supply g

Published 22 May, 2015 03:55pm

Energy

Oil prices gain on US stockpiles report

LONDON: Global oil prices rose further on Thursday as falling US crude stockpiles and production boosted hopes of an eas

Published 21 May, 2015 07:27pm

Energy

Oil prices gain on US stockpiles report

LONDON: Global oil prices rose further on Thursday as falling US crude stockpiles and production boosted hopes of an eas

Published 21 May, 2015 01:33pm

Energy

Oil rises towards $66 on US inventory drop, Iraq

LONDON: Oil rose towards $66 a barrel on Thursday, gaining for a second day, supported by expectations that a global sup

Published 21 May, 2015 12:01pm

Energy

Oil prices rebound from steep dive

LONDON: Oil prices rebounded Wednesday, recovering from recent steep losses in the previous session, in a muted response

Published 20 May, 2015 08:28pm

Energy

Oil prices rise as US crude stocks fall

LONDON: Crude oil prices bounced back on Wednesday from steep falls in the previous session as government data showed th

Published 20 May, 2015 03:39pm

Energy

Oil prices rise on US stock draw, strong Japan data

LONDON: Crude oil prices bounced back on Wednesday from steep falls in the previous session as industry data showed that

Published 20 May, 2015 12:06pm

Energy

Turkmenistan eyes $3bn investment in its Caspian oil, gas in 2015

TURKMENBASHI: Turkmenistan, which owns the world's fourth-largest natural gas reserves, expects foreign companies to

Published 20 May, 2015 06:47am

Energy

Oil prices drop as Saudis keep pumps running

LONDON: Oil prices fell on Tuesday as a global supply glut and soft demand overshadowed the impact of geopolitical tensi

Published 19 May, 2015 01:21pm

Energy

Oil prices slip on dollar rally, ample supply

LONDON: Brent crude oil fell below $66 a barrel on Tuesday as the dollar strengthened and on evidence of ample supplies

Published 19 May, 2015 12:26pm

Energy

Oil prices retreat after early gains

LONDON: Oil prices fell on Monday as high production levels offset worries about the risk of Middle East supply disrupti

Published 18 May, 2015 08:48pm

Energy

Oil slips as ample supply outlook offsets Mideast turmoil

LONDON: Brent crude oil prices declined on Monday after Goldman Sachs slashed its forecasts on a persistently high suppl

Published 18 May, 2015 03:29pm

Energy

Oil prices higher on Middle East unrest

LONDON: Oil prices rose on Monday as fresh tensions in Yemen and Iraq raised concerns about a supply disruption in the c

Published 18 May, 2015 01:32pm

Energy

Oil holds as Mideast turmoil offsets ample supply outlook

LONDON: Oil prices firmed on Monday after a major advance by Islamic State militants in Iraq.Islamic State overran the w

Published 18 May, 2015 12:19pm

Energy

Oil falls below $66 as global glut builds

LONDON: Brent crude oil fell below $66 a barrel on Friday after reports that a growing supply glut was boosting inventor

Published 15 May, 2015 03:53pm

Energy

Argentina buys 7 LNG cargoes from Trafigura, Spain's Gas Natural

MILAN: Argentina's YPF has purchased seven liquefied natural gas (LNG) cargoes on behalf of state-run energy firm En

Published 15 May, 2015 03:27pm

Energy

Oil prices fall back after jolt from Gulf tanker incident

LONDON: Oil slipped back below $67 a barrel on Thursday as a market torn between a U.S. stock draw and an overall glut o

Published 14 May, 2015 07:50pm

Energy

Oil extends gains after US fuel stocks drop

LONDON: Brent crude oil rose above $67 a barrel towards five-month highs on Wednesday after US crude stockpiles fell for

Published 13 May, 2015 04:05pm

Energy

Oil prices rise

LONDON: Oil prices extended gains Wednesday on a weaker dollar and expectations that US crude inventories have further d

Published 13 May, 2015 12:49pm

Energy

Oil prices shoot higher

LONDON: Global oil prices rebounded sharply Tuesday on the falling greenback, which makes dollar-priced crude cheaper fo

Published 12 May, 2015 08:31pm

Energy

Oil rises towards $66 as weaker dollar offsets oversupply concern

LONDON: Brent crude futures rose towards $66 a barrel on Tuesday as a weaker dollar and the Yemen conflict helped lift p

Published 12 May, 2015 02:28pm

Energy

Oil prices retreat on strong dollar

LONDON: Global oil prices dipped Monday as investors took their cue from the rebounding dollar, awaited fresh US economi

Published 11 May, 2015 02:07pm

Energy

Prices hold steady, eastern demand muted

LONDON: Asian spot liquefied natural gas (LNG) prices for June delivery were steady this week as demand from end users r

Published 08 May, 2015 04:03pm

Energy

Oil slips before US data

LONDON: Oil drifted lower Friday on worries over rebounding US output and before key payrolls data, at the end of a roll

Published 08 May, 2015 03:08pm

Energy

Enel gets bids for Slovak utility, tables gas sale

MILAN: Italy's Enel has received binding bids for its stake in Slovakia's biggest power company as it presses ah

Published 08 May, 2015 12:45pm

Energy

Oil prices retreat after highs

LONDON: Oil prices slid on Thursday as profit-taking set in a day after crude futures reached five-month high points fol

Published 07 May, 2015 07:59pm

Energy

Oil prices steady after highs

LONDON: Oil prices steadied on Thursday, a day after reaching five-month high points following an unexpected drop in US

Published 07 May, 2015 01:54pm

Energy

Oil heads towards 2015 highs despite ample supply

LONDON: Brent crude oil headed up towards 2015 highs above $68 a barrel on Thursday after official data showed the first

Published 07 May, 2015 12:27pm

Energy

Enel Green Power sees 2015 core earnings falling to 1.8bn euros

MILAN: Italy's biggest renewable energy company Enel Green Power said it would spend 9.6 billion euros ($11 billion)

Published 07 May, 2015 12:26pm

Energy

Oil prices extend rally

LONDON: Oil prices rallied on Tuesday as the market builds on strong recent gains following massive falls earlier in the

Published 05 May, 2015 09:28pm

Energy

Oil hits 2015 highs above $67 as Libyan output slows

LONDON: Oil prices jumped more than $1 a barrel on Tuesday, pushing North Sea Brent and U.S. light crude to 2015 highs,

Published 05 May, 2015 07:24pm

Energy

LNG tanker Excalibur to arrive at Rotterdam on May 6

LONDON: The Excalibur liquefied natural gas (LNG) tanker is expected to arrive at Rotterdam on May 6, according to the l

Published 05 May, 2015 01:34pm

Energy

Oil hits 2015 high above $67 as Libya output slows

LONDON: Brent crude oil hit a high for the year above $67 a barrel on Tuesday after protests stopped crude flows to the

Published 05 May, 2015 01:01pm

Energy

Russia's Gazprom: April gas exports up slightly y/y to 13.5 bcm

MOSCOW: Gas exports from Russia's Gazprom to Europe and Turkey were at 13.5 billion cubic metres (bcm) in April, an

Published 05 May, 2015 12:23pm

Energy

Oil hits 2015 high as traders look beyond ample current supply

LONDON: Oil rose towards $67 a barrel on Monday to reach a 2015 high, supported by expectations the supply glut will eas

Published 04 May, 2015 10:34am

Energy

Oil prices slide before weekend

LONDON: The world oil market dipped Friday after rallying on the back of the first drop in US stockpiles for six months

Published 01 May, 2015 02:37pm

Energy

Mexico's CFE buys at least 8 LNG cargoes -traders

MILAN/LONDON: Mexican state-owned utility CFE has bought at least eight cargoes of liquefied natural gas (LNG), two trad

Published 01 May, 2015 02:06pm

Energy

Oil retreats off 2015 highs, Iraq exports hit record

LONDON: Oil prices edged lower on Friday, easing off 2015 highs after Iraq said its crude oil exports hit a record in Ap

Published 01 May, 2015 01:27pm

Energy

US oil hits five-month high as dollar weakens

LONDON: US crude oil hit a five-month high on Thursday as the dollar slipped to its lowest since February and as more ev

Published 30 Apr, 2015 02:45pm

Energy

Shell posts lower first-quarter net profits

LONDON: Anglo-Dutch energy giant Royal Dutch Shell, which is buying British rival BG Group, posted falling first-quarter

Published 30 Apr, 2015 01:13pm

Energy

Oil prices rise further

LONDON: Oil prices rose further on Thursday, extending the previous day's gains on a drop in US crude inventories th

Published 30 Apr, 2015 01:05pm

Energy

Oil prices dip before US data

LONDON: Oil prices dipped on Wednesday as markets awaited data on US crude inventory levels for clues on the state of de

Published 29 Apr, 2015 01:14pm

Energy

Oil market sags on Saudi comments

LONDON: Oil prices weakened Tuesday after a senior Saudi official signalled that the world's top crude exporter has

Published 28 Apr, 2015 01:49pm

Energy

Brent crude steadies above $65 as US rig count offsets strong dollar

LONDON: Brent crude reversed early losses to steady above $65 on Monday as signs that US shale output may have started t

Published 27 Apr, 2015 03:07pm

Energy

Russia's Gazprom Neft says no plans to ask for aid from rainy-day state fund

ST PETERSBURG: Gazprom Neft, the oil arm of Russia's top natural gas producer Gazprom, has no plans to ask for money

Published 27 Apr, 2015 02:56pm

Energy

Oil prices head south once more

LONDON: Oil prices turned lower on Monday after gains last week, but losses were limited as fighting in Yemen fuelled fe

Published 27 Apr, 2015 12:00pm

Energy

Oil prices trade near 2015 highs on Yemen worries

LONDON: Brent crude looked set to finish the week near 2015 highs on Friday as air strikes in Yemen stoked concerns over

Published 24 Apr, 2015 11:55am

Energy

Oil hits peak as Saudi resumes Yemen strikes

LONDON: Global oil prices rebounded to a four-month peak Thursday as Saudi-led coalition warplanes launched new strikes

Published 23 Apr, 2015 07:47pm

Energy

Oil diverges on US energy report

LONDON: Global oil prices diverged on Wednesday as traders digested the latest weekly crude inventories report from top

Published 22 Apr, 2015 07:44pm

Energy

Oil prices lifted by US production decline

LONDON: Oil prices rose on Wednesday after the US government's Energy Information Administration (EIA) reported a de

Published 22 Apr, 2015 03:36pm

Energy

Oil extends losses as Saudis halt Yemen strikes

LONDON: Global oil prices fell on Wednesday after a Saudi-led coalition declared an end to four weeks of air strikes in

Published 22 Apr, 2015 01:39pm

Energy

Vitol CEO sees another short dip in oil prices in Q2

LAUSANNE: Oil prices will likely dip briefly in the second quarter of 2015 as refineries undergo maintenance works, but

Published 21 Apr, 2015 02:05pm

Energy

Iraq oil exports slip so far in April, still near record

LONDON: Iraq's oil exports have slipped so far in April to 2.92 million barrels per day (bpd), according to loading

Published 20 Apr, 2015 03:29pm

Energy

Oil prices mixed after China stimulus move

LONDON: Oil prices diverged Monday as the market assessed fresh stimulus action by China against a background of a US cr

Published 20 Apr, 2015 12:27pm

Energy

Brent rises above $64 after Yemen oilfield retreat

LONDON: Oil prices repaired early losses to rally above $64 on Friday due to the conflict in Yemen. Brent crude was with

Published 17 Apr, 2015 04:04pm

Energy

Global LNG: Steady flow of supply caps market upside

LONDON: Asian spot liquefied natural gas (LNG) prices for May delivery were steady this week as a smattering of fresh su

Published 17 Apr, 2015 03:38pm

Energy

Oil market slides before weekend

LONDON: World oil prices dropped Friday as investors locked in profits following a six-day rally, with a rise in OPEC&#3

Published 17 Apr, 2015 02:15pm

Energy

Oil market jumps on hopes of easing global supply glut

LONDON: World oil prices shot higher Wednesday on forecasts that US shale production would likely drop and help ease a g

Published 15 Apr, 2015 02:46pm

Energy

Oil above $59 on Middle East, US output, but IEA report caps gains

LONDON: Brent crude oil prices rose above $59 a barrel on Wednesday amid tension in the Middle East and signs of a dip i

Published 15 Apr, 2015 12:15pm

Energy

Oil above $58 on US shale report, Mideast tension

LONDON: Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in

Published 14 Apr, 2015 02:24pm

Energy

Oil above $58 on US shale output report, Mideast

LONDON: Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in

Published 14 Apr, 2015 12:32pm

Energy

Oil rises towards $59, supported by US drilling slowdown

LONDON: Brent rose towards $59 a barrel on Monday in a volatile market, continuing gains after a strong end to last week

Published 13 Apr, 2015 12:11pm

Energy

Oil market edges upwards

LONDON: World oil prices rose on Monday, extending last week's gains, but the persistent global supply glut will lik

Published 13 Apr, 2015 11:28am

Energy

Oil prices edge higher

LONDON: Oil prices nudged higher on Friday, further recovering from a steep dive seen mid-week, although demand is set t

Published 10 Apr, 2015 01:57pm

Energy

Total makes small gas find in Norwegian North Sea

OSLO: French energy firm Total made a small gas and condensate discovery in the Norwegian sector of the North Sea, near

Published 10 Apr, 2015 01:29pm

Energy

Oil prices rebound from slump

LONDON: Oil prices rebounded Thursday on bargain-hunting after a surge in US crude stockpiles and record output in Saudi

Published 09 Apr, 2015 09:02pm

Energy

Oil drops towards $57 after largest US stock build since 2001

LONDON: Oil prices fell towards $57 a barrel on Wednesday after the largest weekly build in U.S. crude inventories since

Published 08 Apr, 2015 03:48pm

Energy

Oil falls on US stock build, record Saudi output

LONDON: Oil prices fell towards $58 a barrel on Wednesday as industry data showed a larger-than-expected weekly increase

Published 08 Apr, 2015 12:44pm

Energy

Oil prices fall before US data

LONDON: Oil prices fell Wednesday on profit-taking after the previous day's sharp gains, while traders expected anot

Published 08 Apr, 2015 11:52am

Energy

Oil falls as Iran, China discuss more supply

LONDON: Brent crude oil fell below $58 a barrel on Tuesday on signs of growing oversupply as Iranian officials visited B

Published 07 Apr, 2015 01:39pm

Energy

Oil prices slip after Iran-fuelled rally

LONDON: Oil prices fell Tuesday, with profit-taking in evidence a day after the market rallied on doubts over an agreeme

Published 07 Apr, 2015 11:59am

Energy

Russia's Gazprom plans to sell stake in German gas group VNG

MOSCOW: Gazprom said on Monday it plans to sell its 10.52 percent stake in Germany's natural gas supplier Verbundnet

Published 06 Apr, 2015 09:04pm

Energy

ICC case between Turkey and Iran on gas price to be concluded by May

ANKARA: A price dispute between Turkey and Iran for gas imports taken to the international arbitration court is likely t

Published 06 Apr, 2015 07:58am

Energy

Oil falls more than 3pc as Iran, big powers negotiate

LONDON: Oil prices fell more than 3 percent on Thursday as officials from the big global powers stayed locked in nuclear

Published 02 Apr, 2015 02:30pm

Energy

Oil prices slip in thin trade

LONDON: Oil prices fell in thin pre-holiday trade Thursday after news of rising US crude reserves, while talks over crud

Published 02 Apr, 2015 01:03pm

Energy

Russian March oil output hits new post-Soviet high

MOSCOW: Russian oil production hit the latest in a line of post-Soviet highs in March, feeding higher exports that added

Published 02 Apr, 2015 12:18pm

Energy

Oil eases below $57 as Iran, big powers negotiate

LONDON: Oil prices slipped on Thursday as officials from the big global powers remained locked in nuclear talks with Ira

Published 02 Apr, 2015 11:55am

Energy

West Africa Crude-Angola sells, but Nigeria glut weighs

LONDON: West Africa crude trading diverged on Wednesday, as Angolan selling and differentials versus dated Brent fared b

Published 01 Apr, 2015 07:59pm

Energy

Oil rallies as Iran nuclear talks drag on, overshadowing supply concerns

LONDON: Brent crude oil futures reversed early losses to rally to $55.90 a barrel on Wednesday, as talks over Iran's

Published 01 Apr, 2015 03:52pm

Energy

Oil prices steady as Iran talks drag on

LONDON: Oil prices were largely steady Wednesday as marathon talks aimed at preventing Iran from getting a nuclear bomb

Published 01 Apr, 2015 01:27pm

Energy

Oil prices slip under $55 Iran talks extend beyond deadline

LONDON: Brent crude oil futures slipped below $55 a barrel on Wednesday on speculation that a last-minute deal over Iran

Published 01 Apr, 2015 12:50pm

Energy

West African crude oil exports to Asia rise to 2.34mn bpd in April

LONDON: West African crude oil exports to Asia are set to rise by 30 percent to 2.34 million barrels per day (bpd) in Ap

Published 01 Apr, 2015 12:49pm

Energy

Oil holds around $55 as Iran nuclear talks drag on

LONDON: Brent crude oil futures held around $55 a barrel as speculation continued over whether a preliminary deal over I

Published 01 Apr, 2015 12:30pm

Energy

Price of Russian gas may fall to $220 per tcm in Q3

KIEV: The price of Russian gas for Ukraine could fall to $220 per thousand cubic metres in the third quarter, Ukrainian

Published 01 Apr, 2015 10:14am

Energy

Oil prices dip as Iran nuclear deadline approaches

LONDON: Oil sank Tuesday as dealers tracked last-ditch efforts between global powers and Iran to reach a deal on Tehran&

Published 31 Mar, 2015 08:03pm

Energy

Oil prices dips as Iran nuclear deadline approaches

LONDON: Oil fell Tuesday as dealers tracked last-ditch efforts between global powers and Iran to reach a deal on Tehran&

Published 31 Mar, 2015 01:31pm

Energy

UK gas prompt prices rise as outage tightens nearby supply

LONDON: Prompt natural gas prices in Britain were higher on Tuesday, as an outage at Centrica's North Morecambe Barr

Published 31 Mar, 2015 12:30pm

Energy

Oil drops to $55 as Iran nuclear talks intensify

LONDON: Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talk

Published 31 Mar, 2015 11:52am

Energy

Gazprom proposes extending Ukraine gas deal for three months

MOSCOW: Russian gas giant Gazprom on Monday offered to extend a supply deal with Ukraine for another three months ahead

Published 30 Mar, 2015 08:30pm

Energy

Oil prices drop on prospect of Iran nuclear deal

LONDON: Global oil prices sank Monday as traders mulled a potential deal over key oil producer Iran's controversial

Published 30 Mar, 2015 08:23pm

Energy

Oil eases as big powers negotiate with Iran

LONDON: Oil prices slipped on Monday as officials from Iran and six world powers discussed a possible deal over Tehran&#

Published 30 Mar, 2015 02:31pm

Energy

Oil prices drop as oversupply fears outweigh Yemen

LONDON: Oil sank Monday as an oversupplied market offset concerns over unrest in the crude-rich Middle East, where Saudi

Published 30 Mar, 2015 12:45pm

Energy

Oil prices drop on possible Iran deal, dollar

LONDON: Oil prices fell on Monday as officials from Iran and six world powers discussed a possible deal over Tehran'

Published 30 Mar, 2015 11:37am

Energy

UK gas prices decline due to increased supply

LONDON: Prompt natural gas prices in Britain were mostly lower on Monday morning as increased flows from domestic produc

Published 30 Mar, 2015 11:35am

Energy

North Sea Crude-Forties trades higher, traders eye May programmes

LONDON: North Sea Forties crude price differentials firmed a little on Friday but remained in negative territory as load

Published 27 Mar, 2015 08:34pm

Energy

Oil drops after Yemen-inspired gains

LONDON: Oil prices fell Friday after spiking the previous day as Saudi Arabian jets struck rebel targets in Yemen, spark

Published 27 Mar, 2015 07:37pm

Energy

West Africa Crude-Angolan offers reduced, Nigerian lingers

LONDON: Angolan crude oil for May loading was on offer at lower levels on Thursday after previous asking prices did not

Published 26 Mar, 2015 09:24pm

Energy

Oil prices surge on Middle East fears

LONDON: Oil prices surged Thursday after Saudi Arabian jets struck rebel targets in Yemen, sparking fears that a spirall

Published 26 Mar, 2015 01:23pm

Energy

Oil surges on Yemen air strikes, stocks tumble

LONDON: Crude prices rose as much as 6 percent on Thursday after Saudi Arabia and its allies launched air strikes on Yem

Published 26 Mar, 2015 12:51pm

Energy

Oil prices surge after Saudi air strikes in Yemen

LONDON: Brent crude oil soared more than 4 percent towards $59 a barrel on Thursday after Saudi Arabia and its Gulf Arab

Published 26 Mar, 2015 11:55am

Energy

WEST Africa Crude-Angolan loadings rise further in May

LONDON: Angolan crude oil loadings look more ample in May, adding to a well supplied market and potentially weighing on

Published 25 Mar, 2015 09:01pm

Energy

Oil prices rise despite jump in US stockpiles

LONDON: World oil prices advanced Wednesday despite news of a stronger-than-expected increase in crude inventories in th

Published 25 Mar, 2015 07:54pm

Energy

Brent oil rises as euro gains against dollar

LONDON: Brent oil prices rose on Wednesday as the euro strengthened against the dollar following a boost in business mor

Published 25 Mar, 2015 03:19pm

Energy

Brent oil pares gains on record high US inventory

LONDON: Brent oil prices pared gains sharply on Wednesday after data showed U.S. crude stocks jumped to a new record las

Published 25 Mar, 2015 03:05pm

Energy

Oil steadies above $55 as US, Chinese stocks fill

LONDON: Brent crude oil steadied above $55 a barrel on Wednesday, not far above the week's lows, as more evidence em

Published 25 Mar, 2015 12:21pm

Energy

Brent oil rises as euro zone morale boost offsets oversupply concern

LONDON: Brent oil prices firmed on Wednesday as business morale in the euro zone's top two economies improved, offse

Published 25 Mar, 2015 12:09pm

Energy

Oil steadies above $55 as US Chinese stocks fill

LONDON: Brent crude oil steadied above $55 a barrel on Wednesday, not far above the week's lows, as more evidence em

Published 25 Mar, 2015 11:18am

Energy

Oil prices fall after dollar bounces back

LONDON: Oil prices fell Tuesday as the dollar rebounded against the euro and after disappointing manufacturing data out

Published 24 Mar, 2015 07:42pm

Energy

Oil below $56 as China slowdown offsets weak dollar

LONDON: Brent crude oil held below $56 a barrel on Tuesday, as signs of slowing growth in China and Saudi Arabian oil pr

Published 24 Mar, 2015 03:36pm

Energy

Oil falls to $55 on China slowdown, dollar reversal

LONDON: Brent crude oil fell towards $55 a barrel in choppy trading on Tuesday after the dollar firmed, adding pressure

Published 24 Mar, 2015 03:23pm

Energy

Oil prices edge higher

LONDON: Oil prices edged higher Tuesday as a weaker dollar offset disappointing manufacturing data out of top energy con

Published 24 Mar, 2015 02:39pm

Energy

Oil rebounds towards $57 as weaker dollar overshadows China slowdown

LONDON: Brent crude reversed early losses to trade back towards $57 a barrel on Tuesday, as a weaker dollar overshadowed

Published 24 Mar, 2015 01:29pm

Energy

Oil rebounds above $56 as weaker dollar overshadows China slowdown

LONDON: Brent crude reversed early losses to rise above $56 a barrel on Tuesday, as a weaker dollar overshadowed signs o

Published 24 Mar, 2015 01:13pm

Energy

Oil rises to near $56 as weaker dollar offsets Saudi output

LONDON: Oil prices rose close to $56 a barrel on Monday as a weaker dollar offset concerns over global oversupply after

Published 23 Mar, 2015 04:50pm

Energy

Oil prices retreat as Saudi pumps extra oil

LONDON: Oil prices fell on Monday as Saudi Arabia said it was pumping more oil, exacerbating a global supply glut, analy

Published 23 Mar, 2015 02:32pm

Energy

Med Crude-Urals steady, early April loadings seen short

MOSCOW: Russian Urals crude was steady on Friday after slipping to its weakest since December earlier in the week, getti

Published 20 Mar, 2015 08:15pm

Energy

North Sea Crude-Ample supplies keep prices under pressure

LONDON: North Sea Forties price differentials held at a steep discount to dated Brent on Friday as ample supplies in Eur

Published 20 Mar, 2015 08:12pm

Energy

Rosneft won't exit Pirelli after ChemChina deal

MILAN: Russian energy giant Rosneft will cut its stake in Pirelli after a deal that will make China National Chemical Co

Published 20 Mar, 2015 08:09pm

Energy

West Africa Crude-Diffs soft as Nigeria's May export plan emerges

LONDON: West African crude differentials to dated Brent came under further pressure on Friday as Nigeria's May expor

Published 20 Mar, 2015 08:01pm

Energy

Oil prices falter on robust supplies

LONDON: World oil prices dropped on Friday with the market under persistent pressure from large supplies of crude and a

Published 20 Mar, 2015 07:41pm

Energy

Shell sells Nigerian oil field stake to local firm

LONDON: Royal Dutch Shell's Nigerian unit has sold its stake in a Niger Delta oil field for $737 million (684 millio

Published 20 Mar, 2015 07:36pm

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Friday, with analysts warning of further downward pressure owing to a global ov

Published 20 Mar, 2015 07:29am

Energy

Med Crude-Urals differentials slip further amid flurry of offers

MOSCOW: Russian Urals crude price differentials slipped in northwest Europe on Thursday to their lowest levels since las

Published 19 Mar, 2015 08:37pm

Energy

North Sea Crude-Ample supply keeps differentials under pressure

LONDON: North Sea Forties crude price differentials held at a steep discount to dated Brent on Thursday, pressured by am

Published 19 Mar, 2015 08:33pm

Energy

West Africa Crude-Contango, Indian buying keeps diffs from falling

LONDON: West African crude oil staved off downward pressure on differentials on Thursday as contango and buying in India

Published 19 Mar, 2015 08:26pm

Energy

Oil falls below $55 as Kuwait forces refocus on oversupply

LONDON: Brent crude oil fell back below $55 a barrel on Thursday after Kuwait said OPEC had no choice but to keep produc

Published 19 Mar, 2015 03:28pm

Energy

Oil falls to $54 as Kuwait forces refocus on oversupply

LONDON: Brent crude oil fell back towards $54 a barrel on Thursday after Kuwait said OPEC had no choice but to keep prod

Published 19 Mar, 2015 03:14pm

Energy

Oil prices slide on high supplies

LONDON: Another surge in US stockpiles pushed oil prices lower on Thursday, giving up gains won after the US Federal Res

Published 19 Mar, 2015 01:49pm

Energy

Oil falls to $55 as Kuwait comments refocus on oversupply

LONDON: Brent crude oil fell back to $55 a barrel on Thursday after Kuwait said OPEC had no choice but to keep productio

Published 19 Mar, 2015 11:50am

Energy

Brent oil slips as data shows record US inventories

LONDON: Brent oil prices fell towards $53 a barrel on Wednesday on oversupply concerns as U.S. crude stocks hit a new re

Published 18 Mar, 2015 03:59pm

Energy

Oil prices extend losses

LONDON: Oil prices extended losses in Wednesday to six-year lows on expectations that US crude stockpiles will rise furt

Published 18 Mar, 2015 02:22pm

Energy

Brent oil falls below $53 as industry data shows US stocks at record high

LONDON: Brent oil prices fell below $53 a barrel on Wednesday on oversupply concerns as industry data indicated U.S. cru

Published 18 Mar, 2015 12:03pm

Energy

Europe Gasoline/Naphtha: Gasoline firms on strong overseas demand

LONDON: Gasoline refining margins in northwest Europe rose on Tuesday supported by demand from West Africa, the Americas

Published 17 Mar, 2015 08:58pm

Energy

North Sea Crude: Forties weak, Trafigura buys third cargo

LONDON: North Sea Forties crude price differentials remained under pressure on Tuesday reflecting weak European refining

Published 17 Mar, 2015 08:51pm

Energy

US oil price holds near six-year low

LONDON: New York oil prices held near six-year lows Tuesday on worries over growing US stockpiles and after OPEC warned

Published 17 Mar, 2015 08:11pm

Energy

Crude oil weaker, higher U.S. inventory expected

LONDON: Brent crude oil prices pared losses in choppy trading on Tuesday, but remained at the lowest levels since early

Published 17 Mar, 2015 03:12pm

Energy

US oil price nears six-year low

LONDON: New York oil prices approached six-year lows Tuesday on worries over growing US stockpiles and after OPEC warned

Published 17 Mar, 2015 01:48pm

Energy

UK gas prices slip on well supplied system

LONDON: Prompt natural gas prices in Britain eased on Tuesday with the system close to balanced as supply flows rose to

Published 17 Mar, 2015 12:23pm

Energy

Brent crude slides as supply glut comes back to the fore

LONDON: Brent crude oil prices lost ground on Tuesday, trading at their lowest level since early February, as concerns o

Published 17 Mar, 2015 12:11pm

Energy

Russia's Lukoil enters offshore project in Cameroon

MOSCOW: Russian oil company Lukoil said on Tuesday it had closed a deal to develop the Etinde offshore block in the Gulf

Published 17 Mar, 2015 07:47am

Energy

Lundin drills dry well in Norwegian North Sea

OSLO: Swedish oil firm Lundin Petroleum drilled a dry well in the Norwegian sector of the North Sea, southwest of the Ed

Published 17 Mar, 2015 07:38am

Energy

North Sea Crude: Forties slips, April output set to rise

LONDON: North Sea Forties crude price differentials fell on Monday with one cargo trading at dated Brent minus 45 cents,

Published 16 Mar, 2015 09:21pm

Energy

Oil drops on ample supply, Iran nuclear talks

LONDON: Brent crude oil fell to around $53 a barrel on Monday, its lowest for more than a month, on rising global invent

Published 16 Mar, 2015 03:11pm

Energy

Oil drops on Iran nuclear talks, ample stocks

LONDON: Brent crude oil fell to around $54 a barrel on Monday, its lowest for more than a month, on rising global invent

Published 16 Mar, 2015 12:56pm

Energy

UK gas prices slightly higher on undersupply

LONDON: Wholesale natural gas prices in Britain were slightly higher on Monday morning due to an undersupplied system.Ga

Published 16 Mar, 2015 12:55pm

Energy

Oil drops on ample stocks, Iran nuclear talks

LONDON: Brent crude oil fell to around $54 a barrel on Monday, its lowest for more than a month, on rising global invent

Published 16 Mar, 2015 12:31pm

Energy

LNG tanker Al Khattiya on way to Rotterdam, to arrive around March 17

LONDON: Liquefied natural gas tanker Al Khattiya is on its way to Rotterdam in the Netherlands and the Al Sheehaniya is

Published 16 Mar, 2015 08:16am

Energy

Statoil awards 1.1bn contract to Coor Service Management

OSLO: Norwegian energy firm Statoil has awarded a contract worth 1.1 billion Norwegian crowns for offshore facility serv

Published 13 Mar, 2015 03:20pm

Energy

Oil slips towards $56 as IEA predicts growing glut

LONDON: Oil fell towards $56 a barrel on Friday after the International Energy Agency said that a global oil glut is bui

Published 13 Mar, 2015 03:04pm

Energy

Oil price fall may aid long-term Arctic exploitation: Norway

OSLO: A fall in oil prices may help long-term exploitation of fossil fuels in the Arctic by averting a short-lived "gold

Published 12 Mar, 2015 09:01pm

Energy

Brent rises on weak dollar, WTI falls on estimated stock build

LONDON: Crude oil futures diverged on Thursday with Brent rising towards$58 a barrel on Thursday as the dollar weakened,

Published 12 Mar, 2015 03:33pm

Energy

Oil market advances

LONDON: World oil prices rose Thursday on the back of the weaker dollar, but gains were capped after US crude reserves s

Published 12 Mar, 2015 02:31pm

Energy

Brent rebounds as US stock rise triggers spread play

LONDON: Brent crude rebounded from a one-month low below $56 a barrel on Wednesday as traders bought the international b

Published 11 Mar, 2015 09:34pm

Energy

US oil price drop on record-high stockpiles

LONDON: US oil prices slid Wednesday on data showing that US crude stockpiles ballooned last week to a new record high,

Published 11 Mar, 2015 08:26pm

Energy

Brent crude oil rebounds from one-month low to $57

LONDON: Brent crude rose to $57 a barrel on Wednesday, rebounding after hitting a one-month low as a surprise drop in US

Published 11 Mar, 2015 03:44pm

Energy

Brent crude dips below $58 on strong dollar and supply

LONDON: Brent crude futures dipped below $58 a barrel on Tuesday as the dollar hit multi-year highs and the oil market r

Published 10 Mar, 2015 01:52pm

Energy

Oil drops towards $59 on dollar, stock builds

LONDON: Brent crude oil fell towards $59 a barrel on Monday as the dollar strengthened and a supply glut pushed global o

Published 09 Mar, 2015 05:40pm

Energy

Oil steady above $60 as dollar balances supply concerns

LONDON: Brent crude oil steadied above $60 a barrel on Friday as a stronger dollar balanced worries over the impact of f

Published 06 Mar, 2015 03:49pm

Energy

BP and partners to invest $12bn in Egypt Gas deal

LONDON: British oil major BP expects to invest around $12 billion with its partners as part of a finalised West Nile Del

Published 06 Mar, 2015 02:05pm

Energy

Oil prices rise before US jobs data

LONDON: Oil prices rose on Friday as dealers awaited US jobs data and focused on increasing tensions in the Middle East

Published 06 Mar, 2015 01:43pm

Energy

delays Castberg, Snorre projects to cut costs

OSLO: Norwegian energy firm Statoil postponed two of its biggest offshore developments on Friday as low oil prices spur

Published 06 Mar, 2015 12:52pm

Energy

North Sea BFOE oil loadings to rise in April

LONDON: The supply of North Sea crude that underpins the Brent benchmark will average 960,000 barrels per day (bpd) in A

Published 06 Mar, 2015 11:15am

Energy

BP announces $12bn investment in Egypt gas fields

LONDON: UK-based energy giant BP on Friday announced a total investment of $12 billion (11 billion euros) in developing

Published 06 Mar, 2015 10:53am

Energy

Russia's Gazprom gets $15mn gas prepayment from Ukraine

MOSCOW: Russian natural gas exporter Gazprom said on Thursday that it had received a $15 million prepayment from Ukraini

Published 05 Mar, 2015 02:58pm

Energy

Brent tops $61 as Iraq, Libya offset US stockpile jump

LONDON: Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish US inventories

Published 05 Mar, 2015 02:40pm

Energy

Rosneft says no plans to halt oil products output at Achinsk oil refinery

MOSCOW: Russia's top oil producer Rosneft said on Thursday it had no plans to halt oil products output and sales to

Published 05 Mar, 2015 02:18pm

Energy

Oil prices higher

LONDON: Oil prices climbed Thursday as Libyan unrest offset a jump in US crude stockpiles, analysts said.US benchmark We

Published 05 Mar, 2015 01:44pm

Energy

Brent above $61 as Iran news offsets US stockpiles

LONDON: Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish US inventories

Published 05 Mar, 2015 11:53am

Energy

Oil prices fall on surprise jump in US crude stocks

LONDON: Oil prices fell Wednesday as US official data showed that the country's crude stockpiles rose stronger than

Published 04 Mar, 2015 07:41pm

Energy

Brent below $60 on US crude build, Saudi sees recovery

LONDON: Brent crude oil extended losses to fall below $60 a barrel on Wednesday after a much larger-than-expected build

Published 04 Mar, 2015 04:04pm

Energy

Russia's Rosneft says 2014 net profit falls 10pc

MOSCOW: Rosneft, Russia's top oil producer, said on Wednesday that its 2014 net profit was 350 billion roubles ($5.7

Published 04 Mar, 2015 04:01pm

Energy

Oil market jumps on Libya unrest

LONDON: Brent crude prices rallied Tuesday on unrest in crude producer Libya, but gains were tempered by oversupply worr

Published 03 Mar, 2015 07:56pm

Energy

Oil trades near $61 on Libya clashes

LONDON: Oil rose more than $1 in volatile trade on Tuesday as fighting in Libya and signs of stronger global demand outw

Published 03 Mar, 2015 04:07pm

Energy

Oil, progress in gas talks aid rouble, but politics weigh

MOSCOW: The rouble opened stronger on Tuesday, supported by higher oil prices and progress in talks on Russia's gas

Published 03 Mar, 2015 08:21am

Energy

Brent oil prices recoil on oversupply

LONDON: Brent oil prices sank Monday, after bumper gains before the weekend, as some traders took profits and eyed plent

Published 02 Mar, 2015 07:21pm

Energy

Brent falls to $61 on Iran, US crude recovers above $50

LONDON: Brent crude oil fell more than 2 percent to around $61 a barrel on Monday after Iran said a deal on its nuclear

Published 02 Mar, 2015 04:20pm

Energy

Asian spot LNG prices oust Europe as world's No.1

MILAN: Asian spot liquefied natural gas (LNG) prices have re-established a premium over rival European benchmarks, rever

Published 02 Mar, 2015 03:12pm

Energy

Poland says sees no further delay in LNG gas terminal construction

WARSAW: Poland's Deputy Prime Minister Janusz Piechocinski said on Monday that the liquefied natural gas (LNG) termi

Published 02 Mar, 2015 10:03am

Energy

Prompt gas prices slide as supply outstrips demand

LONDON: Prompt natural gas prices fell on Monday as supply outpaced demand and expectations of liquified natural gas (LN

Published 02 Mar, 2015 09:19am

Energy

Norway's gas output to be cut by 36 mcm/day on Sunday

OSLO: Norway's gas production capacity will be cut by 35.6 million cubic meters (mcm) on Sunday due to several outag

Published 01 Mar, 2015 01:34pm

Energy

Brent rises above $61, set for first monthly gain since July

LONDON: Crude oil futures rebounded on Friday and Brent headed for its first monthly gain since July, helped by strong i

Published 27 Feb, 2015 03:40pm

Energy

OPEC oil supply falls by 350,000 bpd in February

LONDON: The following table shows OPEC crude oil output in millions of barrels per day (bpd) in February and January, ac

Published 27 Feb, 2015 01:48pm

Energy

German 2014 oil products sales down 0.9pc

FRANKFURT: German oil products sales in 2014 were down 0.9 percent at 110.5 million tonnes, economic and foreign trade s

Published 27 Feb, 2015 01:39pm

Energy

Russian gas supplies to Ukraine seen at 68.9 mcm on Friday

MOSCOW: Russian natural gas producer Gazprom said total Russian gas supplies to Ukraine were expected to reach 68.9 mill

Published 27 Feb, 2015 10:22am

Energy

Prices slip as nearby Ukraine risk premium fades

LONDON: Prompt natural gas prices in Britain slipped on Friday, as supply and demand were close to balanced, and the pol

Published 27 Feb, 2015 10:19am

Energy

Russia to mull allowing China over 50 pct stake in strategic oil, gas fields

MOSCOW: The Russian government is ready to consider allowing Chinese investors to take more than 50 percent stakes in st

Published 27 Feb, 2015 05:51am

Energy

Oil market slide on oversupply woes

LONDON: World oil prices fell Thursday, after solid gains the previous day, as dealers fretted again over swelling US cr

Published 26 Feb, 2015 07:35pm

Energy

Norway's Statoil shuts Statfjord C platform

OSLO: Norwegian energy firm Statoil has shut its Statfjord C platform in the North Sea after discovering cracks in the p

Published 26 Feb, 2015 03:22pm

Energy

Oil edges higher towards $62, ample supplies still weigh

LONDON: Oil edged up on Thursday towards $62 a barrel as expectation of a coming recovery in global demand countered a f

Published 26 Feb, 2015 03:19pm

Energy

Oil market holds steady

LONDON: World oil prices steadied Thursday, following solid gains the previous day, as dealers digested a mixed US energ

Published 26 Feb, 2015 01:54pm

Energy

Prompt up on less windy Germany, colder France

PARIS: European spot power prices rose on Thursday on forecasts for falling German wind power output and a rise in Frenc

Published 26 Feb, 2015 12:59pm

Energy

Premier Oil scraps dividend as it swings to 2014 loss

LONDON: Oil producer Premier Oil has scrapped its 2014 dividend payment after slipping into the red on the back of a ste

Published 26 Feb, 2015 08:09am

Energy

Oil market rebounds on US energy report

LONDON: Global oil prices rallied Wednesday as sliding US gasoline and distillates inventories eclipsed news that soarin

Published 25 Feb, 2015 07:22pm

Energy

Oil rises to $59 as Saudis say demand growing

LONDON: Brent crude oil rose to around $59 a barrel on Wednesday after data showed Chinese factories were producing more

Published 25 Feb, 2015 03:37pm

Energy

Oil gains ground before US energy report

LONDON: World oil prices rose Wednesday, but gains were limited before a key report expected to show further build-up in

Published 25 Feb, 2015 02:37pm

Energy

Norway's consumer confidence fall to six-year low in Q1

OSLO: Norwegian consumer confidence fell to its lowest level since the spring of 2009 in the first quarter as weak oil p

Published 25 Feb, 2015 11:08am

Energy

Russia gas oil exports up 9.9pc in January on-month

MOSCOW: Russian gas oil and fuel oil exports rose 9.9 percent and 1.5 percent, respectively, in January from the month b

Published 25 Feb, 2015 09:45am

Energy

Russia's refinery runs in January down 1.8pc on month

MOSCOW: Russian oil refinery runs in January fell by 1.8 percent month-on-month or 104,583 barrels per day (bpd), data f

Published 25 Feb, 2015 09:24am

Energy

Norway's Det norske to cut costs, explore new financing

OSLO: Norwegian oil producer Det norske launched deep cost cuts, took an impairment charge, and said it was exploring ne

Published 25 Feb, 2015 07:57am

Energy

Huge oilfields to boost Kazakhstan's crude output from 2017

ASTANA: Kazakhstan's currently stagnant oil production is forecast to rise from 2017 after the Central Asian nation&

Published 25 Feb, 2015 05:32am

Energy

Oil prices rebound slightly

LONDON: Oil prices rebounded slightly Tuesday after recent sharp losses caused by an oversupplied market.US benchmark We

Published 24 Feb, 2015 08:16pm

Energy

Oil slips towards $58 on ample supply, stock build

LONDON: Brent crude oil fell towards $58 a barrel on Tuesday ahead of key industry data expected to show further builds

Published 24 Feb, 2015 06:41pm

Energy

Oil prices rebound

LONDON: Oil prices rebounded slightly Tuesday after recent sharp losses caused by an oversupplied market.US benchmark We

Published 24 Feb, 2015 05:24pm

Energy

Norway gas flows fall on Oseberg, Heimdal outages

OSLO: Norwegian gas output fell by 14.4 million cubic meters (mcm) on Tuesday due to separate outages at the Oseberg and

Published 24 Feb, 2015 11:33am

Energy

MOL swings to loss, even though downstream performs well

BUDAPEST: Hungarian oil group MOL Plc swung to a quarterly loss on Tuesday, partly due to one-off costs and a steep fall

Published 24 Feb, 2015 10:20am

Energy

Oil prices extend slide on high supplies

LONDON: Oil prices slid on Monday, extending last week's sharp decline as the dollar strengthens on eurozone strains

Published 23 Feb, 2015 07:22pm

Energy

Oil prices extend slide

LONDON: Oil prices slid Monday, extending last week's sharp decline as the dollar strengthens on eurozone strains an

Published 23 Feb, 2015 03:26pm

Energy

Oil prices fall as dollar strengthens and oversupply adds pressure

LONDON: Oil prices fell on Monday as worries about oversupply in North America and a strong dollar pushed Brent futures

Published 23 Feb, 2015 12:32pm

Energy

Gas withdrawals from Centrica's UK storage site in unplanned cut

LONDON: Britain's biggest underground gas storage facility, Rough, was undergoing an unplanned cut to withdrawals on

Published 23 Feb, 2015 12:20pm

Energy

Statoil starts up Oseberg Delta 2 field, on time, under budget

OSLO: Norwegian energy firm Statoil has started up production at its Oseberg Delta 2 development in the North Sea, expec

Published 23 Feb, 2015 08:44am

Energy

European stocks mixed before Greece talks

LONDON: European stock markets diverged on Friday as eurozone members prepared for crunch talks with Greece on renegotia

Published 20 Feb, 2015 03:44pm

Energy

Global LNG: Asia languishes behind stronger Europe

LONDON: Asian spot liquefied natural gas prices remained at a discount to European prices, with limited fresh business b

Published 20 Feb, 2015 02:37pm

Energy

Oil rises towards $61, US rig count expected to fall

LONDON: Brent crude oil rose towards $61 a barrel on Friday as expectations of falling US rig count numbers outweighed c

Published 20 Feb, 2015 02:19pm

Energy

European stocks mixed before Greece talks

LONDON: European stock markets diverged on Friday as eurozone members prepared for crunch talks with Greece on a renegot

Published 20 Feb, 2015 01:18pm

Energy

Oil plummets before US inventories data

LONDON: Oil plunged Thursday before the release of a closely-watched report that is expected to show a surge in US stock

Published 19 Feb, 2015 08:19pm

Energy

Oil falls sharply after US crude inventories rise

LONDON: Brent oil prices slipped below $59 a barrel on Thursday after another big weekly build in U.S. crude inventories

Published 19 Feb, 2015 06:17pm

Energy

Norway's Troll gas outage rises to 15 mcm on Thursday

OSLO: The ongoing capacity cut at Norway's Troll gas field has been expanded to an estimated 15 million cubic metres

Published 19 Feb, 2015 08:22am

Energy

Norwegian gas output down 15.6mcm on Thursday due two outages

OSLO: Norway's gas production capacity will be cut by a combined 15.6 million cubic metres on Thursday due to two ou

Published 19 Feb, 2015 06:41am

Energy

Oil prices fall on eve of US inventory data

LONDON: Oil prices fell on Wednesday before the release of a report on US crude inventories and as traders kept an eye o

Published 18 Feb, 2015 07:42pm

Energy

New diesel unit at Izmit refinery to start production at end-Q1

LONDON: A diesel-producing upgrade at Turkey's Izmit refinery will now start production at the end of the first quar

Published 18 Feb, 2015 02:36pm

Energy

Eni reassures on dividend, gears up for investment cuts

MILAN: Italy's Eni reassured investors with a small dividend increase on Wednesday and pledged to cut capital spendi

Published 18 Feb, 2015 01:19pm

Energy

Oil falls towards $61 as rally's sustainability in question

LONDON: Oil fell more than $1 towards $61 a barrel on Wednesday, failing to build on gains of over 1 percent in the prev

Published 18 Feb, 2015 01:10pm

Energy

Aker Solutions to cut workforce in Norway due to weak oil market

OSLO: Norwegian oil service firm Aker Solutions plans to cut its workforce as a drop in oil prices has caused a market s

Published 18 Feb, 2015 01:01pm

Energy

Oil falls below $62 as analysts doubt recent rally

LONDON: Oil dropped below $62 a barrel on Wednesday, failing to build on gains of more than 1 percent in the previous se

Published 18 Feb, 2015 10:25am

Energy

UK energy regulation has shaped retail energy market

LONDON: Britain's regulation of electricity and gas supply has shaped competition in the retail energy sector, and s

Published 18 Feb, 2015 09:41am

Energy

Oil reverses gain, falls below $61 as other commods weigh

LONDON: Oil slipped below $61 a barrel on Tuesday, dragged lower by weakness in some other commodity markets, although t

Published 17 Feb, 2015 08:51pm

Energy

BP's 2035 outlook sees OPEC oil gaining ground as US shale slows

LONDON: OPEC will regain ground and exceed its historic record production levels by 2030 as U.S. shale oil growth flatte

Published 17 Feb, 2015 08:20pm

Energy

Oil slide as traders eye US energy report

LONDON: World oil prices fell Tuesday, reversing earlier gains as traders eyed the US energy report due later in the wee

Published 17 Feb, 2015 07:24pm

Energy

European shares dip in choppy trade after Greek debt talks break down

LONDON: Athens stocks fell in choppy trade on Tuesday to hinder European shares after debt talks between Greece and euro

Published 17 Feb, 2015 03:33pm

Energy

Oil rises to $62, near 2015 high as Mideast risks support

LONDON: Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and ex

Published 17 Feb, 2015 03:30pm

Energy

Eni says has cut expat workers in Libya, production continues

MILAN: Italy's Eni said on Tuesday it had reduced the number of expatriates working in Libya but was continuing to p

Published 17 Feb, 2015 03:02pm

Energy

Oil climbs on Kuwait comments

LONDON: World oil prices rose Tuesday on upbeat comments from key producer Kuwait, while investors kept tabs on Greece&#

Published 17 Feb, 2015 01:40pm

Energy

Oil rises on Libya violence, Kuwait sees prices supported

LONDON: Oil rose to near $62 a barrel on Monday, supported by concerns over escalating conflict with Islamic State milit

Published 16 Feb, 2015 03:18pm

Energy

Oil prices aim higher

LONDON: World oil prices edged higher Monday on lingering optimism over falling US production.US benchmark West Texas In

Published 16 Feb, 2015 02:52pm

Energy

Norwegian oil exports plunge as crude crisis hits

OSLO: Norway's oil exports have plunged by more than a half since early 2014, authorities said Monday as deeply depr

Published 16 Feb, 2015 02:50pm

Energy

NORWAY GAS: Exports to Europe steady, flow resumes to Belgium

OSLO: Norway's natural gas exports to Europe were steady on Monday morning from last Friday following a brief drop i

Published 16 Feb, 2015 01:04pm

Energy

Russia's idle oil refining capacity seen peaking in April

MOSCOW: Russia's idle primary oil refining capacity is likely to peak in April at 2.07 million tonnes, compared to 8

Published 16 Feb, 2015 10:41am

Energy

Norway ramps up gas flows to Belgium after Zeepipe drops to zero

OSLO: Norway was ramping up natural gas flows to Belgium on Monday after they dropped unexpectedly to zero, data from ga

Published 16 Feb, 2015 10:39am

Energy

CEZ chief says no surprise in 2014 earnings, sees 2015 steady

PRAGUE: There were "no surprises" in Czech electricity utility CEZ's 2014 earnings and figures for 2015 will be simi

Published 16 Feb, 2015 10:27am

Energy

Unplanned outage at Britain's Hornsea gas storage site ended

LONDON: An unplanned outage at Britain's Hornsea gas storage facility ended on Friday, operator SSE said.The outage,

Published 16 Feb, 2015 10:24am

Energy

Russia's March oil export duty seen down at $105.8/Tonnes

MOSCOW: Russia's oil export duty is expected to fall 6 percent to $105.8 per tonne in March, following lower oil pri

Published 16 Feb, 2015 10:16am

Energy

Large CDU's production cut back at Exxon Beaumont refinery

HOUSTON: Production on a large crude distillation unit (CDU) at Exxon Mobil Corp's 344,600 barrel-per-day (bpd) Beau

Published 14 Feb, 2015 09:47am

Energy

Oil slump not necessarily bad news for climate

PARIS: Since the 1970s, the renewable energy sector has usually trembled each time oil goes through the "bust" phase of

Published 14 Feb, 2015 06:31am

Energy

Oil prices extend gains

LONDON: World oil prices rose Friday, extending solid gains in the previous session in response to reports that leading

Published 13 Feb, 2015 09:03pm

Energy

Europe Distillates: Diesel rises on tighter supplies

LONDON: Diesel barge differentials in northwest Europe rose on Friday, as supplies were expected to tighten with lower i

Published 13 Feb, 2015 08:35pm

Energy

Europe Gasoline/Naphtha: Overseas demand keeps gasoline, naphtha margins steady

LONDON: Gasoline and naphtha refining margins in northwest Europe held steady on Friday on the back of overseas demand.

Published 13 Feb, 2015 08:34pm

Energy

Med Crude: Urals steady, underpinned by Med delays

LONDON: Russian Urals crude was steady in the Baltic and Mediterranean on Friday, supported by loading delays for rival

Published 13 Feb, 2015 08:30pm

Energy

North Sea Crude: Forties firmer on strong refining margins

LONDON: North Sea Forties crude price differentials firmed on Friday as March cargoes continued to clear, with traders p

Published 13 Feb, 2015 08:29pm

Energy

West Africa Crude-Higher demand helps absorb March loadings

LONDON: West African crude markets finished the week on a quiet note, but traders said cargoes were starting to sell out

Published 13 Feb, 2015 08:24pm

Energy

Statoil makes small oil discovery in the North Sea

OSLO: Norwegian energy firm Statoil has made a minor oil discovery near the Ekofisk field in the North Sea, the Norwegia

Published 13 Feb, 2015 07:50am

Energy

Enel renegotiates 9.4bn euro loan

LONDON: Italian utility Enel has renegotiated a 9.4 billion euro ($10.70 billion) revolving credit facility, extending t

Published 12 Feb, 2015 08:42pm

Energy

Europe Distillates: Diesel steady, ARA stocks at 16-year high

LONDON: Diesel barge differentials in northwest Europe held steady on Thursday in a quiet market as IP Week continued, b

Published 12 Feb, 2015 08:39pm

Energy

Europe Gasoline: Naphtha-Gasoline holds steady as ARA stocks fall

LONDON: Gasoline refining margins in northwest Europe held steady on Thursday as independently-held stocks of gasoline i

Published 12 Feb, 2015 08:39pm

Energy

Med Crude: Urals rises on strong margins, Venezuela seeks cargoes

LONDON: Russian Urals crude rose in the Baltic on Thursday, supported by stronger refining margins, loading delays for r

Published 12 Feb, 2015 08:29pm

Energy

North Sea Crude: Forties firms as focus shifts to March cargoes

LONDON: North Sea Forties crude price differentials rose on Thursday as the focus shifted to March-loading cargoes rathe

Published 12 Feb, 2015 08:26pm

Energy

Shell boss sees world oil supply lagging demand

LONDON: The head of Royal Dutch Shell expects global oil supplies to fall behind demand growth as the recent halving of

Published 12 Feb, 2015 08:22pm

Energy

West Africa Crude: Sellers focus on IOC tender and European buying

LONDON: West African crude markets were generally quiet on Thursday, although there was a new tender from India's IO

Published 12 Feb, 2015 08:15pm

Energy

Oil bounces back above $56 as dollar weakens, majors cut investments

LONDON: Brent crude oil rallied almost $2 to above $56 per barrel on Thursday, rebounding from a two-day losing streak,

Published 12 Feb, 2015 04:35pm

Energy

Oil bounces back towards $56 as dollar weakens

LONDON: Oil prices rebounded more than $1 towards $56 a barrel on Thursday, after a two-day decline, as a weakened dolla

Published 12 Feb, 2015 03:45pm

Energy

Oil prices rally from sharp losses

LONDON: World oil prices rebounded Thursday after tumbling the previous day on concerns about surging stockpiles in the

Published 12 Feb, 2015 01:07pm

Energy

Oil bounces back as dollar weakens

LONDON: Brent oil futures rose to $56 a barrel on Thursday, as a weakened dollar and industry spending cuts offset worri

Published 12 Feb, 2015 12:24pm

Energy

UK gas prompt prices steady as supply meets demand

LONDON: Prompt natural gas prices were flat in Britain on Thursday as solid supply from Norway countered lower output fr

Published 12 Feb, 2015 12:21pm

Energy

Repsol seeks regulatory nod for East Canada LNG export terminal

PORTLAND: Spanish energy giant Repsol filed an application this week with Canadian regulators to begin exporting liquefi

Published 12 Feb, 2015 10:03am

Energy

Europe Gasoline/Naphtha: Gasoline steady, naphtha crack firms

LONDON: Gasoline barge prices in northwest Europe held steady on Wednesday and the naphtha crack firmed but there was ve

Published 11 Feb, 2015 08:30pm

Energy

North Sea Crude: Forties weakens as sellers cut asking prices

LONDON: North Sea Forties crude price differentials weakened on Wednesday as a cargo loading in late February was offere

Published 11 Feb, 2015 08:17pm

Energy

Oil falls towards $54 on record-high US stocks

LONDON: Oil fell more than $2 on Wednesday towards $54 a barrel after US crude stock piles hit record highs. US commerci

Published 11 Feb, 2015 08:16pm

Energy

West Africa Crude: Sellers look to refinery shutdown delays

LONDON: West African crude differentials were little changed on Wednesday despite building stockpiles in the United Stat

Published 11 Feb, 2015 07:57pm

Energy

Oil market slides as US crude reserves increase

LONDON: World oil prices fell heavily on Wednesday, with New York crude sliding below $49, as swelling US inventories ad

Published 11 Feb, 2015 07:29pm

Energy

Oil market slides as US crude reserves increase

LONDON: World oil prices fell heavily on Wednesday, with New York crude sliding below $49, as swelling US inventories ad

Published 11 Feb, 2015 04:44pm

Energy

Euro, stocks slide as deadline for Greece nears

LONDON: European stocks and the euro fell on Wednesday and the dollar rose as Greece and the euro zone edged closer to c

Published 11 Feb, 2015 03:52pm

Energy

Oil falls towards $55 on expectations oversupply to linger

LONDON: Oil fell towards $55 a barrel on Wednesday, under pressure from expectations of persisting oversupply in world m

Published 11 Feb, 2015 03:51pm

Energy

Oil falls below $55, eyeing record-high US stocks

LONDON: Oil fell below $55 a barrel on Wednesday ahead of U.S. government data expected to show domestic crude stockpile

Published 11 Feb, 2015 03:47pm

Energy

Oil prices slide before US inventories

LONDON: World oil prices dipped Wednesday, weighed down once again by abundant global crude supplies ahead of the weekly

Published 11 Feb, 2015 01:04pm

Energy

Oil slips below $56 on expectations oversupply to linger

LONDON: Oil slipped below $56 a barrel on Wednesday, pressured by expectations that oversupply in world markets would pe

Published 11 Feb, 2015 12:07pm

Energy

Poland's dream of shale gas riches begins to dim

WARSAW: Poland's dream of becoming a shale gas "El Dorado", bringing untold riches and assuring energy independence,

Published 11 Feb, 2015 04:10am

Energy

Europe Gasoline/Naphtha: Gasoline cracks rise to two-month high

LONDON: Gasoline refining margins in northwest Europe rose on Tuesday to their highest level in over two months, support

Published 10 Feb, 2015 09:26pm

Energy

North Sea Crude: Forties weak on abundant supply outlook

LONDON: North Sea Forties crude price differentials remained under pressure on Tuesday, with little buying interest and

Published 10 Feb, 2015 09:23pm

Energy

Med Crude: Urals steady in Baltic and Med, swaps dip

LONDON: Russian Urals crude was steady in the Baltic and the Mediterranean on Tuesday as London's IP Week drew many

Published 10 Feb, 2015 09:15pm

Energy

Oil prices drop as IEA predicts weak rebound

LONDON: Oil prices fell Tuesday after the International Energy Agency predicted that global oil prices will recover only

Published 10 Feb, 2015 01:17pm

Energy

UK gas prices jump on concerns over Netherlands cuts

LONDON: Prompt natural gas prices in Britain rallied on Tuesday on an undersupplied system and cuts to Dutch output whic

Published 10 Feb, 2015 12:28pm

Energy

UK prompt gas prices jump 7pc as BBL flows fall

LONDON: UK prompt gas prices jumped on Tuesday as National Grid data showed flows from the Netherlands BBL pipeline down

Published 10 Feb, 2015 12:07pm

Energy

Oil falls as IEA warns stocks may approach all-time high

LONDON: Brent crude fell below $58 a barrel on Tuesday after the International Energy Agency (IEA) warned that oil price

Published 10 Feb, 2015 12:06pm

Energy

Partners to sign for 1.5-2bn euro Norwegian-German power cable

OSLO: Norwegian and German power grid companies and Germany's development bank KfW are to make the final investment

Published 10 Feb, 2015 07:17am

Energy

Oil over $58 as OPEC raises demand forecast for its crude

LONDON: Brent crude prices rose above $58 a barrel on Monday after OPEC forecast demand for its oil would be greater tha

Published 09 Feb, 2015 03:35pm

Energy

OPEC says oil's drop hitting other producers faster than thought

LONDON: OPEC forecast on Monday that demand for its oil this year would be much higher than previously thought, as its s

Published 09 Feb, 2015 03:29pm

Energy

Oil prices extend gains

LONDON: Oil prices advanced further Monday with buying boosted by a dip in North American crude production, while a robu

Published 09 Feb, 2015 02:41pm

Energy

Oil dips after weak Chinese trade data

LONDON: Brent crude prices slipped on Monday as a slump in Chinese imports pointed to lower fuel demand in the world&#39

Published 09 Feb, 2015 12:14pm

Energy

UK gas prompt prices ease on warming weather despite undersupply

LONDON: Prompt natural gas prices edged lower on Monday on forecasts for warmer weather, despite higher than usual deman

Published 09 Feb, 2015 12:01pm

Energy

Oil steadies near $58 as US rig count offsets Chinese data

LONDON: Brent crude prices steadied near $58 a barrel on Monday as falling U.S. oil rig counts and signs of healthy U.S.

Published 09 Feb, 2015 11:36am

Energy

Russia's Sakhalin II LNG export plant launches 8-cargo tender

MILAN: Russia's Sakhalin II liquefied natural gas (LNG) export plant last week launched a tender to sell 8 cargoes f

Published 09 Feb, 2015 10:27am

Energy

Oil poised for biggest weekly gain in four years

LONDON: Brent crude oil was on track for the biggest weekly rise since 2011 as fighting in Libya and stronger economic s

Published 06 Feb, 2015 09:19pm

Energy

Oil extends gains before US jobs data

LONDON: Oil prices extended gains on Friday at the end of a volatile trading week, as markets awaited the release of key

Published 06 Feb, 2015 07:55pm

Energy

Statoil cuts investments as profits hit by low oil prices

OSLO: Norwegian oil giant Statoil cut back on planned investments Friday as annual profits were slashed in half in the w

Published 06 Feb, 2015 07:44pm

Energy

Quarter of work completed at Russia's Yamal LNG project

MOSCOW: Some 20-25 percent of Russia's liquefied natural gas project, Yamal LNG, has been built, the Russian energy

Published 06 Feb, 2015 07:02am

Energy

Statoil's maintenance to cut output by 45,000 boepd in 2015

OSLO: Norwegian energy firm Statoil said scheduled maintenance will cut output at its operations by 45,000 barrels of oi

Published 06 Feb, 2015 06:42am

Energy

Med Crude: Urals up in Baltic on strong refining margins

LONDON: Russian Urals crude was firmer in the Baltic on Thursday, supported by strong refining profits and rumours some

Published 05 Feb, 2015 09:30pm

Energy

North Sea Crude: Diffs rise, refinery margins firm

LONDON: North Sea crude price differentials rose on Thursday helped by strong refining margins, although sellers continu

Published 05 Feb, 2015 09:29pm

Energy

Eni working with Goldman Sachs on gas and power spinoff

MILAN: Italian oil and gas group Eni is working with Goldman Sachs on the possible spinoff of its power and gas unit, tw

Published 05 Feb, 2015 09:20pm

Energy

Oil prices extend losses

LONDON: Oil prices fell further Thursday as the market was awash with ample US supplies and the dollar strengthened, dea

Published 05 Feb, 2015 03:39pm

Energy

Oil rises back towards $56, outlook still fragile

LONDON: Oil rose towards $56 a barrel on Thursday, recovering from part of the previous session's drop, although tra

Published 05 Feb, 2015 02:15pm

Energy

Oil rises back towards $55, outlook still fragile

LONDON: Oil rose towards $55 a barrel on Thursday, recovering from part of the previous session's slide after China

Published 05 Feb, 2015 10:44am

Energy

Europe Distillates: Diesel diffs edge up, traders eye imports

LONDON: Diesel barge differentials in northwest Europe edged up on Wednesday in a quiet market, suggesting the rush to s

Published 04 Feb, 2015 08:55pm

Energy

Total preparing for sale or listing of $4.6bn rubber unit Hutchinson

FRANKFURT/LONDON: Europe's second-biggest oil company Total is preparing for the sale or listing of its rubber and i

Published 04 Feb, 2015 08:38pm

Energy

Oil falls, cuts short rally as US stocks build

LONDON: Brent crude oil fell by almost $2 on Wednesday after a new build in U.S. crude stock levels put a global glut ba

Published 04 Feb, 2015 04:29pm

Energy

Oil falls under $56 after US stockpiles hit record

LONDON: Brent extended losses to fall below $56 a barrel on Wednesday, reversing a four session rally after U.S. crude i

Published 04 Feb, 2015 04:17pm

Energy

Oil prices slide after rally

LONDON: Global oil prices slid Wednesday following a three-day rally as dealers were divided on whether the commodity ha

Published 04 Feb, 2015 02:43pm

Energy

Oil falls, cuts short 4 day rally as US stocks build

LONDON: Oil prices fell on Wednesday after a new build in U.S. crude stock levels put a global glut back in focus, cutti

Published 04 Feb, 2015 12:22pm

Energy

Syngenta sees low oil price outweighing strong franc in 2016

ZURICH: Syngenta has hedged its exposure to the Swiss franc for this year and expects the benefits from lower oil prices

Published 04 Feb, 2015 07:33am

Energy

Oil prices continue rally on solid US manufacturing figures

LONDON: Oil rose further on Tuesday on solid US manufacturing data and a weaker dollar, building on gains sparked by exp

Published 03 Feb, 2015 09:18pm

Energy

West Africa Crude: Smaller Nigeria loading programme supports diffs

LONDON: West African crude firmed versus dated Brent on Tuesday as a smaller export programme emerged for Nigerian crude

Published 03 Feb, 2015 08:54pm

Energy

Europe Distillates: Diesel extends rally on US refinery strike fears

LONDON: Diesel refining margins in northwestern Europe strengthened for a second session on Tuesday, with ICE futures ex

Published 03 Feb, 2015 08:50pm

Energy

Russia's Gazprom lowers gas price for Ukraine in first quarter

MOSCOW: Ukraine will pay less for Russian gas in the first quarter compared with the last quarter due to a fall in the p

Published 03 Feb, 2015 08:43pm

Energy

Med Crude: Urals stable, swaps point to strength persisting

LONDON: Russian Urals crude was steady on Tuesday with the swaps for the grade also showing relatively stable prices for

Published 03 Feb, 2015 08:29pm

Energy

Rosneft raising money from Swiss trader as debt payment looms

LONDON: Rosneft is raising money from Swiss trader Trafigura days before it must repay a $7 billion debt and squeezed by

Published 03 Feb, 2015 08:19pm

Energy

Oil market rebounds on demand prospects

LONDON: Oil prices rose sharply Tuesday on hopes of higher energy demand, as the market recovered from last week's m

Published 03 Feb, 2015 03:36pm

Energy

Oil prices jump as BP cuts capital expenditure

LONDON: Oil futures rose on Tuesday, adding to gains of more than 11 percent in the prior two sessions as BP announced a

Published 03 Feb, 2015 01:11pm

Energy

Oil prices up more as BP joins sector spending cuts

LONDON: Oil rose more on Tuesday as BP said it will reduce capital expenditure, adding to cuts in investment in the sect

Published 03 Feb, 2015 12:26pm

Energy

Outages cut Norway’s gas output by 22.2 mcm/day

OSLO: Ongoing outages at the Entry Segal pipeline system in the North Sea and at Norway's offshore Sleipner field ar

Published 03 Feb, 2015 08:12am

Energy

Med Crude: Urals supported by Bosphorus delays, Kirkuk concerns

LONDON: Russian Urals crude was stable on Monday, supported in the Mediterranean by growing delays to tankers passing vi

Published 02 Feb, 2015 09:03pm

Energy

West Africa Crude: Refinery margin strength helps offset glut

LONDON: West African crude differentials were supported on Monday as March-loading Angolan cargoes moved closer to selli

Published 02 Feb, 2015 08:59pm

Energy

Oil prices rise

LONDON: World oil prices rose Monday, reversing earlier losses, with focus on the United States where refineries were on

Published 02 Feb, 2015 04:21pm

Energy

Oil prices rally above $53 as investors pile in

LONDON: Crude oil prices rose on Monday as investors shrugged off a U.S. refinery strike and focused on a falling U.S. r

Published 02 Feb, 2015 03:48pm

Energy

Oil prices fall on weak Chinese data, US refinery strikes

LONDON: Crude oil prices fell on Monday after U.S. unions called a refinery strike and activity in China's factory s

Published 02 Feb, 2015 01:05pm

Energy

Oil prices rally above $55 as investors pile in

LONDON: Crude oil prices rose on Monday as investors shrugged off bearish Chinese data and news of a U.S. refinery strik

Published 02 Feb, 2015 12:29pm

Energy

Norway's Kollsnes gas plant outage extends into Monday

OSLO: An ongoing outage at Norway's Kollsnes gas processing plant is expected to last into Monday, cutting the produ

Published 02 Feb, 2015 07:58am

Energy

Russia's January oil production at 10.66mn bpd

MOSCOW: Oil production in Russia edged down in January to 10.66 million barrels per day (bpd) from 10.67 million bpd in

Published 02 Feb, 2015 07:54am

Energy

Outages cut Norway's gas output by 55 mcm/day on Saturday

OSLO: Natural gas output from Western Europe's top gas supplier, Norway, is expected to be cut by 55 million cubic m

Published 31 Jan, 2015 09:29am

Energy

Shell revises down annual net profit after error

LONDON: Oil giant Shell revised down Friday its 2014 net profit, after uncovering an error in the value of its downstrea

Published 30 Jan, 2015 06:03pm

Energy

Europe Distillates: Diesel holds steady as stock builds slow

LONDON: Diesel barge price differentials in northwest Europe held steady on Thursday as the pace of gasoil stock buildin

Published 29 Jan, 2015 09:47pm

Energy

Shell axes spending as sliding oil prices dent profits

LONDON: Energy giant Royal Dutch Shell on Thursday unveiled plans to slash spending by more than $15 billion after posti

Published 29 Jan, 2015 07:46pm

Energy

Ukraine row punctures profits at Russia's Gazprom

MOSCOW: Third quarter profits plunged 61 percent at Russian gas giant Gazprom, the company said Thursday, hit by the sus

Published 29 Jan, 2015 07:27pm

Energy

Oil slumps to near six-year low under $44

LONDON: New York oil prices tumbled to a near six-year low underneath $44 per barrel on Thursday, as record-high US crud

Published 29 Jan, 2015 07:13pm

Energy

Brent oil up above $49 as investors look for rebound

LONDON: Brent oil futures rose above $49 a barrel on Thursday as speculator buying on hopes for a price rebound offset d

Published 29 Jan, 2015 04:06pm

Energy

Oil price approaches six-year low

LONDON: New York oil prices tumbled close to six-year lows on Thursday, as record-high US crude inventories deepened wor

Published 29 Jan, 2015 03:32pm

Energy

Oil holds above $48 a barrel after US stocks hit record high

LONDON: Brent crude oil futures held above $48 a barrel on Thursday as investor inflows offset data showing that U.S. cr

Published 29 Jan, 2015 12:36pm

Energy

Oil slips to $49 on huge US stock build, firm dollar

LONDON: Oil slipped to $49 a barrel on Wednesday after an industry report said U.S. crude stocks rose by the most on rec

Published 28 Jan, 2015 02:50pm

Energy

Oil slips before Fed decision, US energy report

LONDON: Global oil prices weakened on Wednesday as dealers await the outcome of a Federal Reserve meeting and the releas

Published 28 Jan, 2015 12:36pm

Energy

Oil slips to $49 on firm dollar, US stock build

LONDON: Oil slipped to $49 a barrel on Wednesday as the dollar strengthened, while an industry report showing a larger-t

Published 28 Jan, 2015 12:18pm

Energy

North Sea Crude: Forties offered lower, traders see market falling further

LONDON: North Sea Forties and Ekofisk cargoes were offered lower on Tuesday as sellers struggled to offload barrels and

Published 27 Jan, 2015 08:57pm

Energy

Europe Distillates:Diesel eases, supplies seen ample

LONDON: Diesel barge price differentials in northwest Europe fell slightly on Tuesday as demand in the region weakened w

Published 27 Jan, 2015 08:52pm

Energy

Med Crude: Urals strengthens in Med on lower Feb supplies

LONDON: Russian Urals crude price differentials strengthened in the Mediterranean again on Tuesday as expectations of lo

Published 27 Jan, 2015 08:49pm

Energy

Gazprom says Turkey pipeline to be operational by 2016

MOSCOW: Russian gas giant Gazprom said Tuesday that a planned pipeline to Turkey will be in service by end 2016, piling

Published 27 Jan, 2015 07:15pm

Energy

Oil price holds above $48 as market stabilises

LONDON: Brent crude futures held above $48 on Tuesday as a weaker dollar offset the impact of a global supply glut, with

Published 27 Jan, 2015 03:08pm

Energy

Oil prices hold near six-year lows

LONDON: Oil prices steadied Tuesday near six-year lows, with gains capped by lingering concern about a global supply glu

Published 27 Jan, 2015 01:57pm

Energy

UK gas prompt prices nudge higher on colder weather forecasts

LONDON: British prompt natural gas prices edged higher on Tuesday on expectations cooler weather will return, although s

Published 27 Jan, 2015 12:59pm

Energy

Oil price recovers as dollar weakens against euro

LONDON: Oil prices steadied above $48 a barrel on Tuesday, recovering from earlier losses as the dollar weakened against

Published 27 Jan, 2015 12:41pm

Energy

Norway's Snoehvit LNG plant shut due to gas alarm

OSLO: Production at Norway's Snoehvit liquefied natural gas (LNG) plant was stopped on Tuesday due to a gas leak and

Published 27 Jan, 2015 09:57am

Energy

North Sea Crude: Forties drops sharply, storage plays in focus

LONDON: North Sea Forties crude differentials dropped sharply on Monday as refinery sellers slashed prices to offload un

Published 26 Jan, 2015 08:51pm

Energy

Med Crude: Urals stronger in Med, Baltic on lower export plan

MOSCOW: Russian Urals crude price differentials strengthened on Monday in the Baltic and the Mediterranean on expectatio

Published 26 Jan, 2015 08:51pm

Energy

Europe Distillates: Diesel cracks rise on limited imports

LONDON: European diesel premiums versus crude oil rose to a two-month high on Monday as import cargoes tapered off and t

Published 26 Jan, 2015 08:47pm

Energy

Oil prices rise as OPEC sees rebound

LONDON: Oil prices rose Monday, reversing earlier losses, after OPEC Secretary General Abdullah El-Badri reportedly warn

Published 26 Jan, 2015 06:47pm

Energy

Oil prices turn positive as OPEC sec gen calls bottom to market

LONDON: Oil prices turned positive on Monday, erasing early losses after the Secretary-General of the OPEC producer grou

Published 26 Jan, 2015 05:12pm

Energy

Global gas prices to sink further in coming months

MILAN/LONDON: Asian liquefied natural gas prices, already at four-year lows, face further steep losses in the first half

Published 26 Jan, 2015 05:08pm

Energy

Oil prices slip after smooth Saudi transition

LONDON: Oil prices slipped on Monday after Saudi Arabia's new King Salman moved to assuage fears of an unstable tran

Published 26 Jan, 2015 05:02pm

Energy

UK gas prices rise on Norway gas field outage

LONDON: British wholesale gas prices rose on Monday morning due to an outage at Norwegian gas field Troll which could me

Published 26 Jan, 2015 02:05pm

Energy

Oil prices fall on market relief over Saudi policy

LONDON: Oil prices fell on Monday, with U.S. crude falling close to a nearly six-year low, as Saudi Arabia's new Kin

Published 26 Jan, 2015 12:43pm

Energy

UK energy supplier SSE to cut gas tariffs from April 30

LONDON: British utility SSE will reduce household gas prices by 4.1 percent on April 30 and extend its price freeze guar

Published 26 Jan, 2015 07:30am

Energy

Norway's Troll gas field suffers unplanned outage

OSLO: Production capacity at Norway's biggest natural gas field Troll will be reduced by 11.8 million cubic metres (

Published 25 Jan, 2015 08:29pm

Energy

Indonesia's Bontang LNG plant tenders to sell 3 cargoes

LONDON/MILAN: Indonesia's Bontang liquefied natural gas (LNG) plant has tendered to sell three cargoes, three trader

Published 23 Jan, 2015 08:47pm

Energy

Russia's refinery runs in December down 2.1pc on month

MOSCOW: Russian oil refinery runs in December fell by 2.1 percent month-on-month or 123,787 barrels per day (bpd) due to

Published 23 Jan, 2015 08:28pm

Energy

Oil up after Saudi king dies; policy pledges calm market

LONDON: Brent crude oil rose on Friday after the death of Saudi Arabia's king added to uncertainty in oil markets, a

Published 23 Jan, 2015 08:24pm

Energy

Russia gasoline exports up 31pc in December from month before

MOSCOW: Russian gasoline exports rose 31.0 percent in December from the month before, while shipments of gas oil and fue

Published 23 Jan, 2015 08:11pm

Energy

Oil majors to preserve dividends despite oil collapse, tap debt

LONDON/DAVOS: Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus

Published 23 Jan, 2015 07:45pm

Energy

Europe Gasoline/Naphtha: Gasoline crack gains on storage buying, exports

LONDON: Gasoline refining margins in northwest Europe rose on Friday to near $7 a barrel, supported by exports and incre

Published 23 Jan, 2015 07:35pm

Energy

West Africa Crude: Nigeria starts March exports amid February backlog

LONDON: Nigeria's export programme for March, including an increase in at least two grades, began to seep out on Fri

Published 23 Jan, 2015 07:33pm

Energy

North Sea Crude: Forties slips, refiners turn sellers

LONDON: North Sea Forties crude differentials slipped on Friday as refiners offered out unwanted cargoes and an overhang

Published 23 Jan, 2015 07:31pm

Energy

Europe Distillates: Diesel diffs rise on strong storage demand

LONDON: Diesel barge differentials in northwest Europe rose on Friday on strong prompt demand due mainly to continued bu

Published 23 Jan, 2015 07:25pm

Energy

Oil prices fall on rising US supplies

LONDON: Oil prices fell Thursday after official data revealed a larger-than-expected increase in stockpiles of US commer

Published 22 Jan, 2015 08:53pm

Energy

Poland plans big cross-border gas pipeline programme

WARSAW: Poland plans to build more gas pipelines to link with its neighbours to offload excess from liquefied natural ga

Published 22 Jan, 2015 08:26pm

Energy

Oil drops to $48 after ECB launches QE, US crude stocks jump

LONDON: Brent crude oil fell towards $48 a barrel on Thursday after the European Central Bank said it would start buying

Published 22 Jan, 2015 08:18pm

Energy

North Sea Crude-Under pressure, refinery buyers stay away

LONDON: North Sea crude differentials remained under pressure on Thursday as refinery buyers stayed away and no new VLCC

Published 22 Jan, 2015 07:54pm

Energy

West Africa Crude-Nigeria cuts prices, March programmes start to be issued

LONDON: Nigeria cut the official selling price (OSP) of its largest crude stream Qua Iboe and other grades, reflecting p

Published 22 Jan, 2015 07:41pm

Energy

Med Crude: Urals swaps point lower, CPC bid higher

LONDON: Russia's Urals crude held firm in light physical trade on Thursday but swaps continued to point to a weakeni

Published 22 Jan, 2015 07:39pm

Energy

Oil drops below $49 after ECB announces bond buying

LONDON: Brent crude oil fell below $49 a barrel on Thursday after the European Central Bank said it would start buying g

Published 22 Jan, 2015 04:20pm

Energy

Oil prices rise before ECB meeting, US supply report

LONDON: Oil prices rose Thursday as dealers awaited a much-anticipated European Central Bank (ECB) policy meeting and th

Published 22 Jan, 2015 01:31pm

Energy

Oil prices slip ahead of ECB bond buying decision

LONDON: Brent crude oil dipped towards $48 a barrel on Thursday ahead of an expected decision by the European Central Ba

Published 22 Jan, 2015 12:56pm

Energy

Oil prices above $49 ahead of ECB bond buying move

LONDON: Brent crude oil crept above $49 a barrel on Thursday ahead of an expected decision by the European Central Bank

Published 22 Jan, 2015 12:02pm

Energy

Oil under pressure as IMF cuts global growth forecast

LONDON: Oil diverged Tuesday, remaining under pressure as the International Monetary Fund slashed its world economic gro

Published 20 Jan, 2015 01:57pm

Energy

UK gas prompt prices dip as supplies exceed rising demand

LONDON: Prompt natural gas prices in Britain eased on Tuesday, as strong imports and high withdrawals saw supply exceed

Published 20 Jan, 2015 12:21pm

Energy

Oil below $49 after IMF cuts growth forecast

LONDON: Brent crude oil prices steadied below $49 a barrel on Tuesday after the International Monetary Fund cut its fore

Published 20 Jan, 2015 12:05pm

Energy

Oil starts week in negative territory

LONDON: World oil prices fell Monday, dented by high global crude inventories, in subdued deals amid a public holiday in

Published 19 Jan, 2015 03:10pm

Energy

Det norske starts up Boeyla oil field in North Sea

OSLO: Norwegian energy firm Det norske has started up its Boeyla oil field in the North Sea, expecting to recover 23 mil

Published 19 Jan, 2015 09:44am

Energy

Gazprom trading unit moving to Russia from London

MOSCOW/MILAN: Gazprom's energy trading unit Gazprom Marketing and Trading is moving to St Petersburg from London, Ru

Published 16 Jan, 2015 08:19pm

Energy

Gazprom trading unit moving to Russia from London

MOSCOW: Gazprom's energy trading unit Gazprom Marketing and Trading is moving to St Petersburg from London, Russian

Published 16 Jan, 2015 07:25pm

Energy

Europe Distillates-Diesel rises as cold, storage spur buying

LONDON: Diesel barge differentials in northwest Europe rose on Friday as supplies in the region tightened with stronger

Published 16 Jan, 2015 07:14pm

Energy

Med Crude: Urals firms in Mediterranean on lower early Feb exports

LONDON: Russia's Urals crude differentials strengthened in the Mediterranean on Friday as a preliminary loading prog

Published 16 Jan, 2015 07:12pm

Energy

North Sea Crude: Diffs steady to weaker, Brent sets dated

LONDON: North Sea crude differentials were steady to weaker on Friday, reflecting lacklustre buying interest and ample s

Published 16 Jan, 2015 07:06pm

Energy

Global LNG: Prices slide as new supply trumps weak demand

MILAN/LONDON: Asian spot liquefied natural gas prices for March delivery fell nearly 10 percent this week as a burst of

Published 16 Jan, 2015 06:52pm

Energy

Shell adjusts Brent oil trade terms to align with Platts switch

LONDON: Royal Dutch Shell has amended its terms and conditions that govern Brent crude trading to align with a change in

Published 16 Jan, 2015 06:44pm

Energy

Oil up $2 as IEA sees signs ‘tide will turn’

LONDON: Brent crude oil rose more than $2 to around $50 a barrel on Friday after the West's energy watchdog forecast

Published 16 Jan, 2015 03:01pm

Energy

Oil price collapse still unable to boost demand: IEA

PARIS: The dramatic collapse in oil prices is still insufficient to stimulate crude consumption as weakness in the econo

Published 16 Jan, 2015 02:29pm

Energy

UK gas prompt prices rise on cooler weather, tight supply

LONDON: Prompt natural gas prices in Britain rose on Friday, as cooler weather triggered stronger demand and lower impor

Published 16 Jan, 2015 12:40pm

Energy

Oil jumps as IEA sees signs market ‘tide will turn’

LONDON: Brent crude oil rose more than $2 to almost $50 a barrel on Friday after the West's energy watchdog forecast

Published 16 Jan, 2015 12:25pm

Energy

Norway gas output down by a tenth on Friday due to outages

OSLO: Norwegian gas output will be down by 36 million cubic metres on Friday, about a tenth of the country's capacit

Published 16 Jan, 2015 06:33am

Energy

North Sea Crude: Forties edges up, Oseberg weakens

LONDON: North Sea Forties crude price differentials edged up on Thursday as Trafigura continued bidding, but Oseberg wea

Published 15 Jan, 2015 08:58pm

Energy

Weak oil dictates mutual fund winners and losers in 2014

LONDON: Weak oil prices shaped the performance of mutual funds in 2014 and investors expect the trend to continue, meani

Published 15 Jan, 2015 08:48pm

Energy

Europe Gasoline/Naphtha: Gasoline supported by West Africa, US rally

LONDON: Gasoline refining margins in northwest Europe strengthened on Thursday as strong demand from West Africa continu

Published 15 Jan, 2015 08:30pm

Energy

Italy's Eni plans partial April turnaround at Milazzo refinery

LONDON: Italy's Eni will perform maintenance work at its 160,000 barrel per day Milazzo refinery in April, traders s

Published 15 Jan, 2015 08:27pm

Energy

West Africa Crude-Nigeria overhang remains, Angola close to sold out

LONDON: Sellers are proving reluctant to cut Nigerian crude differentials below close to 5-1/2-year lows despite a stubb

Published 15 Jan, 2015 08:25pm

Energy

Oil prices steady on dollar; forecasts cut again

LONDON: Oil prices steadied on Thursday, firming as the dollar weakened, despite OPEC forecasts of lower demand for its

Published 15 Jan, 2015 03:46pm

Energy

OPEC sees 2015 supply surplus rising, even as oil slump slows shale boom

LONDON: The collapse in oil prices is starting to slow growth in U.S. output, OPEC said on Thursday, although the slowdo

Published 15 Jan, 2015 03:35pm

Energy

Oil prices jump on dollar weakness, short covering

LONDON: Oil prices rallied on Thursday, with both North Sea Brent and US crude oil rising sharply away from near six-yea

Published 15 Jan, 2015 03:30pm

Energy

Oil prices steady below $49 as forecasters see more falls

LONDON: Oil prices steadied below $49 a barrel on Thursday after a volatile day with North Sea Brent and U.S. crude oil

Published 15 Jan, 2015 03:14pm

Energy

Oil market slips after rebound

LONDON: World oil prices resumed their downward spiral on Thursday, as dealers eyed the poor global economic outlook, af

Published 15 Jan, 2015 02:16pm

Energy

Russia's Feb oil export duty to fall, to spur exports

MOSCOW: Russia's oil export duty is expected to fall to $112.9 per tonne in February after lower oil prices and chan

Published 15 Jan, 2015 01:02pm

Energy

UK gas prompt prices fall on rising Norwegian gas imports

LONDON: Prompt natural gas prices in Britain eased on Thursday, under pressure from increased Norwegian flows after seve

Published 15 Jan, 2015 12:50pm

Energy

Oil prices retreat again as Iraq schedules record exports

LONDON: Oil prices resumed their move downwards on Thursday, as Iraq planned a further jump in exports for February, wit

Published 15 Jan, 2015 12:35pm

Energy

OPEC to see market share drop even as oil slump slows shale boom

LONDON: The collapse in oil prices is starting to slow growth in U.S. output, OPEC said on Thursday, although the slowdo

Published 15 Jan, 2015 12:03pm

Energy

Norway's Troll, Kvitebjoern fields returning faster than expected

OSLO: Production from Norway's gas fields Troll and Kvitebjoern is returning faster than previously expected after o

Published 15 Jan, 2015 08:29am

Energy

Oil steadies but stays under pressure on World Bank growth cut

LONDON: Oil prices recouped some early losses on Wednesday but remained under pressure after the World Bank cut its glob

Published 14 Jan, 2015 03:45pm

Energy

UK GAS: British prompt prices surge on Norwegian supply cuts

LONDON: British prompt natural gas prices rose by more than 5 percent on Wednesday morning as a large outage at Norway&#

Published 14 Jan, 2015 01:02pm

Energy

Markets dive on gloomy growth outlook

LONDON: Financial and commodities markets slumped on Wednesday after the World Bank cut its growth forecasts for 2015 an

Published 14 Jan, 2015 12:55pm

Energy

Oil extends losses as World Bank cuts growth forecast

LONDON: Oil prices fell 1 percent on Wednesday after the World Bank cut its economic growth forecast, helping extend a r

Published 14 Jan, 2015 12:40pm

Energy

Norway's Troll and Kvitebjoern outages extended

OSLO: Outages at Norway's biggest offshore gas field Troll and the smaller Kvitebjoern field have been extended and

Published 14 Jan, 2015 12:32pm

Energy

Norway's gas production hit by massive outages

OSLO: Gas output from Norway, Western Europe's main natural gas supplier, will be hit by a massive outage at the cou

Published 14 Jan, 2015 11:35am

Energy

Premier Oil expects $300mn impairment charge due to weak prices

LONDON: Oil and gas explorer Premier Oil said it expected to book a $300 million impairment charge on some of its assets

Published 14 Jan, 2015 07:34am

Energy

Oil slides but bets on ECB action lift Europe shares

LONDON: Oil prices slid on Tuesday to their lowest in almost six years, but European shares rose as investors focused on

Published 13 Jan, 2015 04:15pm

Energy

UK gas prompt gas prices flat as supplies ramp up

LONDON: Prompt natural gas prices in Britain were flat on Tuesday as an end to outages in Norway and Britain increased s

Published 13 Jan, 2015 01:04pm

Energy

Oil prices down again as UAE defends holding production

LONDON: Brent and U.S. WTI crude oil prices fell to their lowest levels in almost six years on Tuesday as a big OPEC pro

Published 13 Jan, 2015 12:48pm

Energy

Mexico's CFE tenders to buy 13 cargoes LNG

MILAN/LONDON: Mexico's state-owned utility CFE has tendered to buy 13 cargoes of liquefied natural gas (LNG) for shi

Published 13 Jan, 2015 05:42am

Energy

Oil prices sink further and give boost to European shares

LONDON: Oil prices showed no sign of escaping their downward spiral on Monday and signs emerged that cheap crude may hav

Published 12 Jan, 2015 03:52pm

Energy

Oil extends fall; Goldman Sachs cuts forecasts

LONDON: Oil renewed its decline on Monday, dropping below $49 a barrel as Goldman Sachs slashed its short-term price for

Published 12 Jan, 2015 03:48pm

Energy

Oil prices extend falls; Goldman Sachs slashes forecasts

LONDON: Oil prices renewed their declines on Monday, dropping below $49 a barrel as Goldman Sachs slashed its short-term

Published 12 Jan, 2015 12:39pm

Energy

Gas tanker runs aground off Nigeria

MILAN: A liquefied natural gas (LNG) tanker has run aground off Nigeria after taking on a cargo at the country's Bon

Published 12 Jan, 2015 09:20am

Energy

Norway's gas capacity down by close to a fifth on Monday after storm

OSLO: Norwegian gas export capacity will be reduced by around a fifth on Monday due to power outages at major onshore an

Published 12 Jan, 2015 08:25am

Energy

North Sea oil producer Ithaca cuts 2015 investments by 60pc

LONDON: North Sea-focused oil and gas operator Ithaca Energy has cut its 2015 investment budget by 60 percent from last

Published 12 Jan, 2015 07:56am

Energy

Hungary resumes gas supplies to Ukraine

KIEV: Hungary resumed gas supplies to Ukraine on Saturday after an almost three-month pause, Ukrainian gas transport mon

Published 10 Jan, 2015 04:07pm

Energy

Oil prices fall before US data

LONDON: Oil prices fell Friday with analysts predicting further pressure on the market owing to a glut of global supplie

Published 09 Jan, 2015 05:08pm

Energy

Oil dips, heads for 7th weekly loss as supply glut drags

LONDON: Oil prices headed for a seventh straight weekly loss on Friday, slipping back towards $50 a barrel on Friday as

Published 09 Jan, 2015 04:15pm

Energy

UK gas prompt prices firm as supplies from Norway drop

LONDON: Prompt natural gas prices in Britain firmed on Friday as an unplanned outage cut flows from Norway, leaving the

Published 09 Jan, 2015 12:29pm

Energy

Oil heads for 7th weekly loss as supply glut drags

LONDON: Oil prices headed for a seventh straight weekly loss on Friday, with key producers showing no sign of cutting ou

Published 09 Jan, 2015 12:23pm

Energy

Fuel price slump drives Czech prices down in December

PRAGUE: Falling fuel costs pushed Czech consumer prices down in December, putting the annual inflation rate at just 0.1

Published 09 Jan, 2015 10:00am

Energy

Norway's gas output down on Jan 9-11 due to Kvitebjoern outage

OSLO: Norway's gas output will be down by 20 million cubic metres (mcm) on Friday and 23 mcm on Saturday due to an u

Published 09 Jan, 2015 07:25am

Energy

Exports ease to Britain, rise to Germany

OSLO: Norwegian natural gas exports to Europe were broadly steady on Thursday as a drop in flows to Britain was offset b

Published 08 Jan, 2015 01:10pm

Energy

UK GAS: Prompt prices rise on tighter supply

LONDON: Prompt natural gas prices in Britain edged higher on Thursday, supported by tight supply in the short term, as f

Published 08 Jan, 2015 01:10pm

Energy

Oil holds above $51 as traders search for floor

LONDON: Oil held above $51 a barrel on Thursday, supported by a surprise drop in US inventories, as bulls and bears sear

Published 08 Jan, 2015 12:58pm

Energy

Oil prices rise further

LONDON: Oil prices extended gains Thursday following a drop in US crude stockpiles indicating stronger demand in the wor

Published 08 Jan, 2015 12:12pm

Energy

Statoil CEO sticks to dividend policy despite low oil prices

OSLO: Norwegian oil and gas producer Statoil will continue to make dividend payments a top priority even though oil pric

Published 08 Jan, 2015 08:33am

Energy

Oil creeps back above $50 as investors consolidate

LONDON: Brent crude oil recovered slightly after falling below $50 a barrel for the first time since May 2009 on Wednesd

Published 07 Jan, 2015 02:45pm

Energy

Statoil evacuates some people from LNG plant, production normal

OSLO: Norwegian energy firm Statoil has evacuated some personnel from its liquefied natural gas facility in Hammerfest i

Published 07 Jan, 2015 02:38pm

Energy

Oil steady above $50 as investors take stock after slide

LONDON: Brent crude oil recovered slightly after falling below $50 a barrel on Wednesday for the first time since May 20

Published 07 Jan, 2015 02:15pm

Energy

Brent oil slumps under $50 for first time since 2009

LONDON: European benchmark Brent oil sank under $50 on Wednesday for the first time since 2009, hit by OPEC's stance

Published 07 Jan, 2015 12:31pm

Energy

Brent oil slips below $50 on mounting glut, slack demand

LONDON: Brent crude oil fell below $50 a barrel for the first time since May 2009 on Wednesday, hammered by a growing su

Published 07 Jan, 2015 12:01pm

Energy

UK gas prompt prices fall on oversupply, curve down on weak oil

LONDON: Prompt natural gas prices in Britain fell on Wednesday morning as supply outstripped weak demand while sinking o

Published 07 Jan, 2015 12:00pm

Energy

Poland's JSW surges after NWR fixed higher coal prices for 2015

WARSAW: Shares in the European Union's (EU) biggest coking coal producer, Polish JSW, surged on Wednesday after its

Published 07 Jan, 2015 10:21am

Energy

North Sea Brent oil loadings to fall in February

LONDON: The North Sea Brent crude oil production stream will load about 107,000 barrels per day (bpd) in February, a tra

Published 07 Jan, 2015 10:15am

Energy

Statoil awards NOK 5bn supply base contracts

OSLO: Norwegian energy firm Statoil has awarded service contracts worth around 5 billion Norwegian crowns ($640.38 mln)o

Published 07 Jan, 2015 09:27am

Energy

Lundin Petroleum cuts 2015 spending by 31pc

OSLO: Swedish oil firm Lundin Petroleum , will cut its capital spending by 31 percent to $1.45 billion in 2015 and expec

Published 07 Jan, 2015 07:49am

Energy

Oil slump deepens as supply glut shows no sign of easing

LONDON: Oil prices fell to fresh 5-1/2 year lows on Tuesday, extending a 5 percent plunge in the previous session as wor

Published 06 Jan, 2015 04:19pm

Energy

Brent falls more, Saudi Arabian king speaks

LONDON: Oil prices fell to fresh 5-1/2 year lows on Tuesday, extending losses after a 5 percent plunge in the previous s

Published 06 Jan, 2015 02:54pm

Energy

British petrol prices drop to five-year low

LONDON: British petrol prices have fallen to the lowest level for five years, data published by the government shows, re

Published 06 Jan, 2015 02:48pm

Energy

Brent falls more, Saudi Arabian king issues speech

LONDON: Oil prices fell to fresh 5-1/2 year lows on Tuesday, extending losses after a 5 percent plunge in the previous s

Published 06 Jan, 2015 02:46pm

Energy

Oil slumps to new lows on supply glut

LONDON: Oil prices slid Tuesday to the lowest points for more than five and a half years, plagued once again by a global

Published 06 Jan, 2015 01:25pm

Energy

UK gas prices firm in undersupplied system

LONDON: Prompt natural gas prices in Britain rose on Tuesday, supported by an undersupplied system as imports from Norwa

Published 06 Jan, 2015 12:38pm

Energy

Brent falls below $52 as oil hits new 5-1/2 year lows

LONDON: Oil prices sank to fresh 5-1/2-year lows on Tuesday, extending losses after a 5 percent plunge in the previous s

Published 06 Jan, 2015 12:20pm

Energy

Oil hits 5-1/2-year lows on supply glut

LONDON: Oil prices dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies and lacklust

Published 05 Jan, 2015 12:41pm

Energy

Russian gas flows to Ukraine stable

KIEV: Ukraine is receiving steady supplies of Russian natural gas, Maxim Belyavsky, spokesman for Ukrainian gas transpor

Published 05 Jan, 2015 09:34am

Energy

Oil hits 5-1/2-year lows on supply glut

LONDON: Oil prices dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies and lacklust

Published 05 Jan, 2015 08:31am

Energy

UK GAS: Prompt prices fall as supply outstrips demand

LONDON: Prompt natural gas prices in Britain fell on Friday as supply from Norway outstripped demand curbed by warmer th

Published 02 Jan, 2015 01:49pm

Energy

Oil pares early gains, trades near $57 as supply glut prevails

LONDON: Brent crude pared early gains to trade near $57 a barrel on Friday, as a glut of oil that has halved prices sinc

Published 02 Jan, 2015 01:05pm

Energy

Oil price hits fresh five-year low

LONDON: Benchmark oil contract Brent North Sea crude slid to its lowest level since mid-2009 on Wednesday, having lost a

Published 31 Dec, 2014 04:58pm

Energy

Oil falls below $56, heads for biggest annual drop since 2008

LONDON: Oil dropped below $56 a barrel on Wednesday and was heading for its biggest annual decline since 2008, pressured

Published 31 Dec, 2014 04:05pm

Energy

Oil falls below $57, heads for biggest annual drop since 2008

LONDON: Oil dropped below $57 a barrel on Wednesday and was heading for its biggest annual decline since 2008, pressured

Published 31 Dec, 2014 12:14pm

Energy

UK gas prompt prices slip as milder weather dents demand

LONDON: Prompt natural gas prices in Britain fell on Wednesday as milder weather curbed consumption and supply outpaced

Published 31 Dec, 2014 12:06pm

Energy

Oil falls towards $56, heads for biggest annual drop since 2008

LONDON: Oil dropped towards $56 a barrel on Wednesday and was heading for its biggest annual decline since 2008, pressur

Published 31 Dec, 2014 12:01pm

Energy

OPEC oil output hits six-month low in December on Libya

LONDON: OPEC's oil supply fell by 270,000 barrels per day (bpd) in December to a six-month low as fighting cut Libya

Published 30 Dec, 2014 04:16pm

Energy

Argentina says oil price plunge to cut energy trade deficit by 16pc

BUENOS AIRES: The slump in international oil prices and increased domestic output will reduce Argentina's energy tra

Published 30 Dec, 2014 03:27pm

Energy

Oil-price slide hits European energy shares

LONDON: European shares fell on Tuesday, the last full trading day of the year, led lower by energy companies as Brent o

Published 30 Dec, 2014 03:20pm

Energy

Oil hits 5-1/2-year low below $57 on supply glut

LONDON: Brent crude oil fell to a 5-1/2-year low below $57 a barrel on Tuesday as a global supply glut outweighed concer

Published 30 Dec, 2014 12:18pm

Energy

UK gas prompt prices ease as supply meets demand

LONDON: Prompt natural gas prices edged lower in Britain on Tuesday morning as solid supply from Norway met strong deman

Published 30 Dec, 2014 12:11pm

Energy

Iraq oil exports via pipeline through Turkey reach 32.2mn bbls

ANKARA: Iraq exported a total of 32.2 million barrels of oil to world markets via a Kurdish-built pipeline going through

Published 30 Dec, 2014 08:41am

Energy

Oil prices climb on Libya violence

LONDON: Oil prices rose Monday as fresh violence in crude producer Libya stoked concerns about possible supply disruptio

Published 29 Dec, 2014 04:37pm

Energy

UK gas prices ease as supply meets colder weather demand

LONDON: Prompt natural gas prices in Britain fell on Monday morning as solid supply from Norway led to a broadly balance

Published 29 Dec, 2014 12:26pm

Energy

Russian gas flows to Ukraine stable

KIEV: Russian natural gas flows to Ukraine have been stable since Dec. 9, Ukraine's gas transport monopoly said on M

Published 29 Dec, 2014 08:55am

Energy

Lundin Petroleum launches production at Norway's Brynhild oil field

OSLO: Sweden's Lundin Petroleum has begun production at its Brynhild oil field off Norway with output above the 12,0

Published 29 Dec, 2014 08:30am

Energy

BG to begin loading second LNG vessel at Queensland Curtis in early Jan

LONDON: Gas producer BG Group said on Monday it expected to receive a second liquefied natural gas (LNG) vessel at its n

Published 29 Dec, 2014 07:47am

Energy

Oil edges further above $60 as Libyan output slumps

LONDON: Oil edged further above $60 a barrel on Friday as unrest in Libya cut supplies, offsetting a growing supply glut

Published 26 Dec, 2014 01:39pm

Energy

Russian crude oil exports seen falling further in 2015

MOSCOW: Russia expects crude oil exports to fall further next year to 224.7 million tonnes, compared to this year's

Published 24 Dec, 2014 03:52pm

Energy

Oil falls, near $60 on supply glut, strong dollar

LONDON: Brent oil fell on Wednesday, trading around $60 per barrel weighed down by strong supply in the United States an

Published 24 Dec, 2014 03:46pm

Energy

Oil market slides in subdued deals

LONDON: Oil prices fell in thin pre-holiday trade Wednesday, but analysts said losses were curbed by upbeat sentiment ov

Published 24 Dec, 2014 01:44pm

Energy

UK gas prices rise on colder forecasts, system undersupply

LONDON: Prompt natural gas prices in Britain rose on Wednesday on forecasts for colder weather and a slightly undersuppl

Published 24 Dec, 2014 12:31pm

Energy

Russian oil exports seen falling further in 2015 to 224.7mn T

MOSCOW: Russia expects oil exports to fall further next year to 224.7 million tonnes, compared to this year's planne

Published 24 Dec, 2014 12:10pm

Energy

Oil drops below $61 on supply glut, strong dollar

LONDON: Brent oil fell by more than $1 towards $60 per barrel on Wednesday, weighed down by strong supply in the United

Published 24 Dec, 2014 12:07pm

Energy

Russia reports leak on a major oil pipeline near Black Sea

MOSCOW: Russia's Emergencies Ministry said on Wednesday it identified a leak on a major pipeline delivering oil to t

Published 24 Dec, 2014 10:15am

Energy

Russian sees 2014 crude oil exports down 4.3pc

MOSCOW: Russia's oil exports are expected to fall by 4.3 percent this year, Energy Minister Alexander Novak said on

Published 23 Dec, 2014 03:55pm

Energy

Oil above $61 after strong US growth beats forecasts

LONDON: Brent crude oil rose above $61 a barrel on Tuesday after data showed the U.S. economy grew at its quickest pace

Published 23 Dec, 2014 03:43pm

Energy

Oil steady above $60 as US growth balances glut

LONDON: Brent crude oil steadied above $60 a barrel on Tuesday after data showed the U.S. economy grew at its quickest p

Published 23 Dec, 2014 03:21pm

Energy

Oil rises despite Saudi comments

LONDON: Oil rose Tuesday on optimism over upcoming US data and lower Libyan output, but gains were capped after Saudi Ar

Published 23 Dec, 2014 12:59pm

Energy

Oil steady around $60 on hopes of strong US data

LONDON: Brent crude steadied around $60 a barrel on Tuesday, under pressure from a supply glut but supported by forecast

Published 23 Dec, 2014 12:31pm

Energy

UK gas prices edge up on cooling weather despite oversupply

LONDON: Prompt natural gas prices in Britain edged up on Tuesday on forecasts for colder weather despite higher flows fr

Published 23 Dec, 2014 12:30pm

Energy

Russian crude oil exports seen down 4.3pc in 2014

MOSCOW: Crude oil exports from Russia is expected to fall by more than 4 percent this year, to 229 million tonnes (4.6 m

Published 23 Dec, 2014 12:12pm

Energy

Nigerian crude oil exports to fall to 1.87mn bpd in Feb

LONDON: Nigerian crude oil exports in February are set to fall to around 1.87 million barrels per day (bpd) from around

Published 23 Dec, 2014 12:09pm

Energy

Norway's North Energy to review options, including mergers

OSLO: Norwegian oil exploration company North Energy said on Tuesday it will review its options and look at various alte

Published 23 Dec, 2014 07:37am

Energy

Statoil to reduce stake in US shale formation, realises $394mn

OSLO: Norwegian energy firm Statoil has agreed to reduce its working interest in the non-operated Marcellus shale format

Published 23 Dec, 2014 07:04am

Energy

Russia gas oil exports rise nearly 18pc in Nov from month before

MOSCOW: Russian gas oil exports climbed 17.7 percent in November from the month before, while shipments of fuel oil incr

Published 23 Dec, 2014 06:39am

Energy

Russia's refinery runs in November up 4.8pc on month

MOSCOW: Russian oil refinery runs in November rose by 4.8 percent month-on-month or 274,076 barrels per day (bpd) after

Published 23 Dec, 2014 06:24am

Energy

Oil falls towards $61 on supply outlook

LONDON: Oil fell towards $61 a barrel on Monday, reversing gains after Saudi Arabia indicated it could increase its outp

Published 22 Dec, 2014 03:12pm

Energy

Oil falls towards $60 on Saudi supply comments

LONDON: Oil fell towards $60 a barrel on Monday, reversing gains after Saudi Arabia indicated it could increase its outp

Published 22 Dec, 2014 02:58pm

Energy

UK gas prices ease on mild weather, strong wind supply

LONDON: Prompt natural gas prices in Britain slipped on Monday as mild weather curbed consumption and strong wind supply

Published 22 Dec, 2014 12:25pm

Energy

Russian gas flows to Ukraine stable

KIEV: Russian natural gas flows to Ukraine have been stable since Dec. 9, when Gazprom resumed supplies after a six-mont

Published 22 Dec, 2014 09:15am

Energy

Shares in Monte Paschi down as capital raising plans weigh

MILAN: Shares in Banca Monte dei Paschi di Siena fell as much as 4.5 percent in early trade on Monday as traders said th

Published 22 Dec, 2014 09:09am

Energy

Statoil makes small oil discovery in the North Sea

OSLO: Norwegian energy firm Statoil has made a small oil discovery in the northern part of the North Sea, the Norwegian

Published 22 Dec, 2014 08:06am

Energy

Russian gas flows to Ukraine stable: Ukrtransgaz

KIEV: Russian natural gas flows to Ukraine have been stable since Dec. 9, when Gazprom resumed supplies after a six-mont

Published 22 Dec, 2014 08:05am

Energy

Refiner Neste Oil lifts profit outlook on US tax credit

HELSINKI: The Finnish oil refiner Neste Oil has lifted its full-year profit guidance by about 37.5 percent on the back o

Published 22 Dec, 2014 08:01am

Energy

Oil rallies to $60, heads for 4th weekly fall on glut

LONDON: Brent crude oil rose to around $60 a barrel on Friday, rallying from near a 5-1/2-year low as investors squared

Published 19 Dec, 2014 02:52pm

Energy

Oil price bloodbath to spark energy sector buying spree

LONDON: Large oil companies flush with cash are expected to seize on the recent collapse in oil prices to begin a shoppi

Published 19 Dec, 2014 02:26pm

Energy

Statoil finds more oil near earlier discoveries

OSLO: Norwegian energy firm Statoil made a small oil discovery at the Krafla North prospect in the North Sea, near earli

Published 19 Dec, 2014 08:10am

Energy

Plunging oil price to reset global defence budgets: IHS

LONDON: Global defence spending is likely to remain constant for the next two years as tumbling oil prices cut the budge

Published 19 Dec, 2014 06:07am

Energy

Oil rises 2 percent to $62 as energy firms slash investments

LONDON: Brent crude rose 2 percent to above $62 a barrel on Thursday, extending a rebound from five-year lows this week

Published 18 Dec, 2014 03:13pm

Energy

Brent oil rises above $62 as energy firms slash investments

LONDON: Brent crude jumped 2 percent to above $62 a barrel on Thursday, as some traders bet a six-month price rout could

Published 18 Dec, 2014 12:29pm

Energy

UK gas prices dip as mild weather leaves gas system oversupplied

LONDON: Prompt natural gas prices in Britain slipped on Thursday, as mild weather saw a fall in demand for gas for heati

Published 18 Dec, 2014 12:18pm

Energy

Oil jumps 3 percent to $63 as energy firms slash investments

LONDON: Brent crude jumped 3 percent to above $63 a barrel on Thursday, extending a rebound from five-year lows this wee

Published 18 Dec, 2014 11:52am

Energy

Poland agrees 4pc cut in gas prices for industry in 2015

WARSAW: Polish energy market regulator URE approved a 4-percent average cut in 2015 high-methane gas prices for industri

Published 18 Dec, 2014 06:53am

Energy

Eni says default gas supply agreement with Ilva ends December

ROME/MILAN: Italian oil major Eni said on Wednesday it was supplying gas to troubled steelmaker Ilva under a special def

Published 18 Dec, 2014 05:33am

Energy

Oil moves above $60 as US crude stockpiles fall

LONDON: Brent crude oil moved above $60 a barrel on Wednesday as US data showed falling crude inventories, stemming deep

Published 17 Dec, 2014 05:04pm

Energy

Oil below $60 as OPEC, Russia keep pumping

LONDON: Brent crude oil traded below $60 a barrel on Wednesday, near 5-1/2 year lows, as major oil producers signalled t

Published 17 Dec, 2014 12:32pm

Energy

UK gas prompt prices ease as warm weather dents demand

LONDON: Prompt natural gas edged lower in Britain on Wednesday morning as warm weather forecasts led to reduced demand f

Published 17 Dec, 2014 12:18pm

Energy

Oil holds below $60 as OPEC, Russia keep pumping

LONDON: Brent crude held below $60 a barrel on Wednesday, near 5-1/2-year lows, as major oil producers signalled that th

Published 17 Dec, 2014 12:04pm

Energy

Oil drops below $59 for first time since 2009

LONDON: Oil fell below $59 a barrel for the first time since May 2009 on Tuesday, extending a six-month selloff as slowi

Published 16 Dec, 2014 04:06pm

Energy

Oil slumps near $59 for first time since 2009 on oversupply

LONDON: Oil fell to just above $59 a barrel for the first time since May 2009 on Tuesday, extending a six-month selloff

Published 16 Dec, 2014 12:54pm

Energy

Oil drops to near $59 for first time since 2009

LONDON: Oil fell to close to $59 a barrel for the first time since May 2009 on Tuesday, extending a six-month selloff as

Published 16 Dec, 2014 12:26pm

Energy

UK gas prices firm on undersupplied gas system

LONDON: Prompt natural gas prices in Britain firmed on Tuesday, supported by an undersupplied system, as reduced flows f

Published 16 Dec, 2014 12:23pm

Energy

Brent oil tumbles under $60 for first time since 2009

LONDON: The price of Brent oil slumped Tuesday to a fresh five-year low below $60 per barrel, as weak Chinese manufactur

Published 16 Dec, 2014 08:25am

Energy

Total says outage at UK's St Fergus gas terminal to continue

LONDON: An unplanned outage at Total's St. Fergus gas terminal in Scotland is expected to continue for a further 24

Published 16 Dec, 2014 08:03am

Energy

Repsol close to buying Talisman Energy

MADRID: Spanish oil major Repsol is close to buying Canada's fifth-largest independent petroleum producer, Talisman

Published 16 Dec, 2014 05:54am

Energy

Oil hits five-year low before rallying above $62

LONDON: Brent crude oil hit a fresh five-year low close to $60 a barrel on Monday after producer group OPEC restated its

Published 15 Dec, 2014 02:47pm

Energy

Oil rebounds from new five-year lows, boosting stocks

LONDON: World oil prices rebounded slightly Monday from fresh five-year lows amid stubborn worries over weak global crud

Published 15 Dec, 2014 01:16pm

Energy

UK gas prices ease on mild weather forecast

LONDON: Prompt natural gas prices in Britain eased on Monday as forecasts for mild weather offset a fall in gas flows.Pr

Published 15 Dec, 2014 12:13pm

Energy

Oil hits new five-year low before rallying to $63

LONDON: Brent crude oil hit a fresh five-year low close to $60 a barrel on Monday after producer group OPEC restated its

Published 15 Dec, 2014 12:09pm

Energy

IEA forecasts global coal demand slowing

LONDON: Global coal demand growth will slow over the coming five years, as growth in Turkey, Korea and Japan will not be

Published 15 Dec, 2014 10:30am

Energy

Statoil restarts Snoehvit LNG plant after

OSLO: Norwegian energy firm Statoil has resumed normal production at its Snoehvit liquefied natural gas plant in Hammerf

Published 15 Dec, 2014 10:28am

Energy

LNG tanker British Merchant due to arrive in UK on Dec 22

LONDON: The liquefied natural gas (LNG) tanker British Merchant is due to arrive at Britain's Isle of Grain import t

Published 15 Dec, 2014 08:13am

Energy

Norway's gas output down 15 mcm on Monday due to Kollsnes failure

OSLO: Norway's Kollsnes gas processing plant, the country's biggest, suffered a production outage early on Monda

Published 15 Dec, 2014 06:16am

Energy

Prices firm, supported by cooler weekend weather

LONDON: Prompt natural gas prices in Britain were firm on Friday as expectations that cooler weather this weekend will d

Published 12 Dec, 2014 02:25pm

Energy

Oil sinks below $63 to over 5-year low on supply glut, weak demand

LONDON: Brent crude oil slipped on Friday to below $63 a barrel, its lowest since July 2009, on persistent concerns over

Published 12 Dec, 2014 01:19pm

Energy

Oil resumes decline, falling toward $64, oversupply weighs

LONDON: Oil resumed its downward move on Thursday, falling towards $64 a barrel and within sight of a five-year low, pre

Published 11 Dec, 2014 04:26pm

Energy

Oil slips towards $64, oversupply weighs

LONDON: Oil slipped towards $64 a barrel on Thursday and within sight of a five-year low, pressured by signs that alread

Published 11 Dec, 2014 04:17pm

Energy

UK gas prices down on more Norwegian supply than expected

LONDON: British wholesale natural gas prices fell on Thursday morning in reaction to an oversupplied system and after th

Published 11 Dec, 2014 01:13pm

Energy

Oil edges up toward $65, traders see more downside

LONDON: Oil edged higher on Thursday towards $65 a barrel helped by a weaker U.S. dollar, although prices remained close

Published 11 Dec, 2014 12:07pm

Energy

OPEC cuts 2015 demand forecast for its oil to lowest in a decade

LONDON: Global demand for OPEC crude in 2015 is expected to fall to the lowest level in more than a decade and far below

Published 10 Dec, 2014 04:28pm

Energy

Oil hits new five-year low on U.S stock build, OPEC

LONDON: Brent crude oil fell to a new five-year low below $65 a barrel on Wednesday on mounting signs of oversupply and

Published 10 Dec, 2014 04:25pm

Energy

Oil prices drop before US data

LONDON: Oil prices slid on Wednesday, but avoided new lows, as dealers awaited US stockpiles data for an indication of d

Published 10 Dec, 2014 03:47pm

Energy

UK GAS-Day-ahead prices nudge higher on looming supply cut

LONDON: Day-ahead natural gas prices in Britain rose on Wednesday, with scheduled maintenance on the Norwegian Continent

Published 10 Dec, 2014 12:24pm

Energy

Oil falls below $66 on ample supply, rising stocks

LONDON: Brent crude oil slipped below $66 a barrel on Wednesday, just above a five-year low, on mounting signs of oversu

Published 10 Dec, 2014 11:56am

Energy

OPEC cuts 2015 demand forecast for its oil as shale boom persists

LONDON: Global demand for oil from OPEC next year will be less than expected because of weaker growth in consumption and

Published 10 Dec, 2014 11:53am

Energy

Brent crude oil hits 5-year low near $65 in volatile trade

LONDON: Brent crude oil fell to a 5-year low near $65 a barrel in volatile trade on Tuesday, sliding for a sixth consecu

Published 09 Dec, 2014 03:36pm

Energy

Brent crude oil steadies after hitting 5-year low below $66

LONDON: Brent crude oil hit a fresh five-year low on Tuesday before steadying near $66 a barrel as some cautious buying

Published 09 Dec, 2014 12:36pm

Energy

UK gas prices edge lower as Norwegian imports boost supply

LONDON: Prompt natural gas prices in Britain eased on Tuesday, as a rise in flows from Norway's Vesterled pipeline a

Published 09 Dec, 2014 12:20pm

Energy

Brent crude oil rebounds after hitting 5-year low below $66

LONDON: Brent crude oil hit a fresh five-year low on Tuesday before rebounding to near $67 a barrel, as some buyers emer

Published 09 Dec, 2014 12:02pm

Energy

Russian oil use to sink, exports rise on sanctions, tax revamp

MOSCOW/LONDON: Russian fuel exports to Europe could surge next year due to tax changes and a slump in domestic demand, s

Published 09 Dec, 2014 08:07am

Energy

Oil drops $2 to five-year low on oversupply

LONDON: Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would

Published 08 Dec, 2014 03:35pm

Energy

Oil slips towards $68 after Morgan Stanley cuts price forecast

LONDON: Brent crude oil fell more than a dollar to around $68 a barrel on Monday, just above five-and-a-half year lows,

Published 08 Dec, 2014 12:11pm

Energy

UK gas prices fall as supply exceeds demand

LONDON: Prompt natural gas prices in Britain fell on Monday as gas flows exceeded demand.Prices for day-ahead delivery f

Published 08 Dec, 2014 12:06pm

Energy

Oil drops to 5-year low on oversupply forecasts

LONDON: Brent crude oil fell almost $2 a barrel on Monday to a new five-year lows on predictions that oversupply would k

Published 08 Dec, 2014 11:58am

Energy

Oil drops to five-year low on oversupply forecasts

LONDON: Brent crude oil fell almost $2 a barrel on Monday to a new five-year low on predictions that oversupply would ke

Published 08 Dec, 2014 11:47am

Energy

Brent falls below $69 as price rout rolls on

LONDON: Brent crude slipped below $69 a barrel on Friday, on track to finish the week below $70 a barrel for the first t

Published 05 Dec, 2014 04:23pm

Energy

Brent retreats near to $69 as price rout extends

LONDON: Brent crude slipped towards $69 a barrel on Friday, on track to finish the week below $70 a barrel for the first

Published 05 Dec, 2014 01:09pm

Energy

Oil falls below $70 after Saudi price cut

LONDON: Brent crude oil fell below $69 a barrel on Thursday after Saudi Arabia announced deep cuts in selling prices for

Published 04 Dec, 2014 04:11pm

Energy

Oil prices stable before US data, rate calls

LONDON: World oil prices steadied on Thursday as traders awaited fresh US economic data and interest rate calls in both

Published 04 Dec, 2014 02:36pm

Energy

UK gas prices slip as flows pick up to meet strong demand

LONDON: Prompt natural gas prices in Britain eased on Thursday, as supply continued to keep pace with strong demand, aid

Published 04 Dec, 2014 12:01pm

Energy

Oil steadies around $70, further fall possible

LONDON: Brent crude oil steadied around $70 a barrel on Thursday as investors searched for a stable price range after a

Published 04 Dec, 2014 11:53am

Energy

Brent oil rises to $71 in volatile post-OPEC trade

LONDON: Brent oil rose to $71 a barrel on Wednesday in choppy trading as the market searched for a price floor after a n

Published 03 Dec, 2014 04:17pm

Energy

Brent rebounds towards $71 in turbulent oil market

LONDON: Brent oil rose towards $71 a barrel on Wednesday, recovering some of its losses from the previous session as a t

Published 03 Dec, 2014 02:24pm

Energy

Shell reopens one Nigerian oil pipeline, other remains closed

LONDON: Shell reopened its Nigerian 28-inch TNP Bonny Light crude oil pipeline after an investigation due to a leak, a s

Published 03 Dec, 2014 02:00pm

Energy

UK gas prices ease as supply outpaces demand

LONDON: Prompt natural gas prices in Britain edged lower on Tuesday, as supply flows offset rising heating demand trigge

Published 02 Dec, 2014 12:44pm

Energy

Oil steadies below $73 after hitting 5-year lows

LONDON: Brent crude oil steadied below $73 a barrel on Tuesday, holding onto a rally from five-year lows after oil produ

Published 02 Dec, 2014 12:42pm

Energy

US crude oil down $1 as market looks for floor

LONDON: US crude oil futures fell $1 on Tuesday in a sign of continued market volatility after OPEC failed to cut produc

Published 02 Dec, 2014 12:28pm

Energy

Russia's gas exports to EU, Turkey down at 10.5 bcm in Nov 2014: source

MOSCOW: Russian gas producer Gazprom's pipeline gas exports to the European Union and Turkey fell to 10.5 billion cu

Published 02 Dec, 2014 12:23pm

Energy

Oil falls below $72 after sharp rally in volatile market

LONDON: Brent oil fell below $72 a barrel on Tuesday, giving up some of its gains in Monday's sharp rally from five-

Published 02 Dec, 2014 11:51am

Energy

Oil producers in Iraqi Kurdistan paid for exports

LONDON: Oil producers including Genel and Gulf Keystone Petroleum, have received initial payments for oil exports from t

Published 02 Dec, 2014 08:24am

Energy

Oil hits five year low, hammering rouble

LONDON: Oil prices hit five-year lows on Monday as slowing factory activity in China and Europe added to the impact of O

Published 01 Dec, 2014 03:53pm

Energy

Oil rises after hitting five-year low

LONDON: Brent crude oil rose on Monday to above $71 a barrel, recovering from a five-year low it hit earlier as investor

Published 01 Dec, 2014 03:36pm

Energy

UK gas prompt prices fall as supply outstrips demand

LONDON: Prompt natural gas prices in Britain fell on Monday morning as higher flows from the UK Continental Shelf (UKCS)

Published 01 Dec, 2014 01:23pm

Energy

Oil hits five-year low in longest losing streak since 2008

LONDON: Brent crude oil fell more than $2 a barrel to a five-year low below $68 on Monday as investors looked for a pric

Published 01 Dec, 2014 01:15pm

Energy

Oil hits five-year low, floor unsure

LONDON: Brent crude oil fell on Monday to a five-year low below $68 on Monday before recovering some of the losses as in

Published 01 Dec, 2014 12:41pm

Energy

Turkish markets rally, airlines surge, on oil price slide

ISTANBUL: Turkish shares and bonds hit their highest levels since mid-2013 on Friday, with airlines surging in particula

Published 28 Nov, 2014 01:20pm

Energy

Oil steadies near 4-year low as glut looms after OPEC

LONDON: Brent crude oil steadied below $73 a barrel on Friday after hitting a fresh four-year low in the wake of OPEC&#3

Published 28 Nov, 2014 01:01pm

Energy

Oil falls $3 to 4-year low after OPEC leaves output unchanged

LONDON: Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not

Published 27 Nov, 2014 04:05pm

Energy

Oil falls $2 to 4-year low as OPEC production cut seen unlikely

LONDON: Brent crude oil fell $2 to a four-year low under $76 a barrel as traders speculated that OPEC was unlikely to cu

Published 27 Nov, 2014 01:18pm

Energy

Oil falls $2 to 4-year low on OPEC output cut doubts

LONDON: Brent crude oil fell $2 to a 50-month low under $76 a barrel on Thursday as oil producers in OPEC looked set to

Published 27 Nov, 2014 01:02pm

Energy

UK gas prices ease as temperatures revert to above normal

LONDON: Prompt natural gas prices in Britain slipped on Thursday, trimming recent gains, as milder weather meant demand

Published 27 Nov, 2014 12:59pm

Energy

Low expectations for oil output cut as OPEC meets

VIENNA: Gulf oil producers led by Saudi Arabia are expected to press the case on Thursday for not yet cutting OPEC outpu

Published 27 Nov, 2014 12:46pm

Energy

Oil steadies below $79 as market doubts OPEC cut

LONDON: Brent crude oil steadied below $79 a barrel on Wednesday after Saudi Arabia signalled it was unlikely to push fo

Published 26 Nov, 2014 01:03pm

Energy

Polish refiner PKN to build heat and power plant for $493mn

WARSAW: PKN Orlen, Poland's top oil refiner, announced plans on Wednesday to build a 596 megawatt combined heat and

Published 26 Nov, 2014 07:53am

Energy

Oil steady around $80 ahead of OPEC output decision

LONDON: Brent crude oil prices steadied around $80 a barrel on Tuesday ahead of a meeting of OPEC oil producers to decid

Published 25 Nov, 2014 03:59pm

Energy

LNG tanker Al Utouriya set to arrive at UK's Isle of Grain Nov. 26

LONDON: Liquefied natural gas (LNG) tanker Al Utouriya is set to arrive at Britain's Isle of Grain terminal on Novem

Published 25 Nov, 2014 11:42am

Energy

Prices rise as cold weather boosts consumption

LONDON: Prompt natural gas prices in Britain rose on Tuesday morning as consumption rose due to colder weather. Prices f

Published 25 Nov, 2014 11:32am

Energy

Oil steady below $80 ahead of OPEC output decision

LONDON: Brent crude oil prices steadied under $80 a barrel on Tuesday ahead of a key meeting of OPEC oil producers to de

Published 25 Nov, 2014 11:17am

Energy

EU regulators largely approve German green energy scheme

BRUSSELS: Germany subsidies for producing renewable energy did not flout EU rules, the European Commission announced on

Published 25 Nov, 2014 11:02am

Energy

Total faces French trial over Iran contracts-prosecutor

PARIS: French oil company Total is to face trial in France over corruption allegations relating to Iranian contracts dat

Published 25 Nov, 2014 11:01am

Energy

Oil steadies around $80 as Iran deadline extended

LONDON: Brent crude oil stabilised around $80 a barrel on Monday as world powers extended talks with Iran over its nucle

Published 24 Nov, 2014 03:17pm

Energy

Oil starts week with gains as OPEC moves into focus

LONDON: Global oil prices firmed Monday, making a positive start in a week that will be centred on the OPEC cartel's

Published 24 Nov, 2014 12:25pm

Energy

Ghana says signs oil and gas exploration deal with Italy's ENI

ACCRA: Ghana's government said on Monday it had signed a $6 billion deal to allow Italy's Eni Exploration to sta

Published 24 Nov, 2014 09:34am

Energy

Oil price seen falling to $60 if OPEC does not cut output

LONDON: Oil prices could plunge to $60 a barrel if OPEC does not agree a significant output cut when it meets in Vienna

Published 24 Nov, 2014 06:23am

Energy

Oil nears $80 on possible OPEC cut, strong US data

LONDON: Brent crude oil rose towards $80 a barrel on Friday on speculation OPEC could agree output cuts at a meeting nex

Published 21 Nov, 2014 03:13pm

Energy

Oil market climbs on new hopes of OPEC output trim

LONDON: Global oil prices rallied Friday on fresh hopes that the OPEC cartel will overcome internal resistance to trim o

Published 21 Nov, 2014 12:44pm

Energy

Oil steadies above $78 as market awaits OPEC

LONDON: Brent crude oil steadied above $78 a barrel on Thursday as reports that oil producers would agree to cut output

Published 20 Nov, 2014 04:15pm

Energy

Oil market drops as OPEC seen holding output ceiling

LONDON: Global oil prices fell Thursday as traders deemed that the OPEC cartel was unlikely to trim output at its key pr

Published 20 Nov, 2014 01:11pm

Energy

UK gas prompt gas prices rise on lower Norwegian supplies

LONDON: Prompt natural gas prices in Britain rose on Thursday morning as lower supplies from Norway led to an undersuppl

Published 20 Nov, 2014 12:20pm

Energy

Oil slips below $78 a barrel hit by Europe, China data

LONDON: Brent crude oil fell below $78 a barrel on Thursday, as the demand outlook was hit by weak economic data in Chin

Published 20 Nov, 2014 12:09pm

Energy

Ineos to invest $1bn in UK shale exploration

LONDON: Refiner and petrochemical group Ineos will invest around $1 billion in shale gas exploration in the United Kingd

Published 20 Nov, 2014 09:28am

Energy

Oil climbs above $79 on speculation OPEC may cut

LONDON: Brent oil gained slightly, heading towards $78 a barrel on Wednesday on speculation OPEC may act to stabilise pr

Published 19 Nov, 2014 04:47pm

Energy

Oil rebounds before US energy report

LONDON: Global oil prices rebounded slightly on Wednesday as traders awaited key US stockpiles data and eyed next week&#

Published 19 Nov, 2014 04:17pm

Energy

UK prompt gas prices rise as demand outstrips supply

LONDON: Prompt natural gas prices in Britain rose on Wednesday morning as solid demand from utilities outstripped supply

Published 19 Nov, 2014 01:06pm

Energy

Oil steadies below $79 as market awaits OPEC

LONDON: Brent crude oil steadied below $79 a barrel on Wednesday as data showed Saudi Arabia increased crude exports in

Published 19 Nov, 2014 12:39pm

Energy

Oil steadies above $79 as OPEC output cut talk heats up

LONDON: Brent crude oil steadied on Tuesday, holding above $79 a barrel after hitting a four-year low last week, as spec

Published 18 Nov, 2014 04:13pm

Energy

Oil falls below $79 as traders test OPEC's willingness to cut

LONDON: Brent crude oil fell below $79 a barrel on Tuesday, dropping for the sixth session in seven as traders tested OP

Published 18 Nov, 2014 03:57pm

Energy

Brent rebounds towards $80 as OPEC rhetoric heats up

LONDON: Brent crude oil reversed early losses to rise back towards $80 a barrel on Tuesday, recovering from last week&#3

Published 18 Nov, 2014 12:06pm

Energy

Brent falls near $79 as rhetoric heats up before OPEC meeting

LONDON: Brent crude slipped towards $79 a barrel on Tuesday, falling for the sixth session out of seven, as oil prices s

Published 18 Nov, 2014 09:56am

Energy

Brent rises towards $80 as rhetoric heats up before OPEC meeting

LONDON: Brent crude reversed early losses to rise back towards $80 a barrel on Tuesday, recovering from a four-year low

Published 18 Nov, 2014 09:51am

Energy

Ukraine may make prepayment for Russian gas before Dec 1

KIEV: Ukrainian Energy Minister Yuri Prodan said on Tuesday Ukraine may make a pre-payment to Russia for gas before Dec.

Published 18 Nov, 2014 09:12am

Energy

Ukraine gas reserves down 8.4pc since start of heating season

KIEV: The volume of gas kept in Ukrainian underground gas storages has fallen by around 8.4 percent since Kiev started p

Published 17 Nov, 2014 03:45pm

Energy

Brent falls below $79 as Japan enters recession

LONDON: Brent crude fell below $79 a barrel on Monday after Japan, the world's fourth-biggest crude importer, slippe

Published 17 Nov, 2014 03:21pm

Energy

UK gas prices rise on undersupply, weather, possible sanctions

LONDON: British wholesale natural gas prices rose on Monday morning due to undersupply in the UK gas system, forecasts o

Published 17 Nov, 2014 12:18pm

Energy

Brent falls to near $78 as Japan enters recession

LONDON: Brent crude fell by more than $1 towards $78 a barrel on Monday after Japan, the world's fourth-biggest crud

Published 17 Nov, 2014 12:07pm

Energy

Gjoea field outage cuts Norway's gas output by 4.3 mcm/d on Sunday

OSLO: Norway's gas output was cut by 4.3 million cubic metres (mcm) per day on Sunday due to an outage at GDF Suez&#

Published 16 Nov, 2014 12:44pm

Energy

Gjoea field outage cuts Norway's gas output by 8.8 mcm/d

OSLO: Norway's gas output was cut by 8.8 million cubic metres (mcm) per day on Saturday due to an outage at GDF Suez

Published 15 Nov, 2014 09:12am

Energy

Oil prices rebound after fresh lows

LONDON: Oil prices bounced back Friday after diving to fresh lows caused by expectations that OPEC is unlikely to cut pr

Published 14 Nov, 2014 02:18pm

Energy

Oil edges up from 4-year low to $78, IEA warns on 2015

LONDON: Oil edged up from an early four-year low below $77 a barrel on Friday, when it had been pressured by excess supp

Published 14 Nov, 2014 12:38pm

Energy

Russia's Gazprom says risks to gas transit via Ukraine 'critical'

MOSCOW: Risks to the transit of Russian gas to Europe via Ukraine have reached a "critical" level, Russia's top natu

Published 14 Nov, 2014 12:23pm

Energy

Brent crude hits new four-year low

LONDON: Brent oil slumped Thursday to a new four-year low on expectations that OPEC will unlikely to cut production leve

Published 13 Nov, 2014 02:16pm

Energy

Brent oil hits four-year low below $80, awaits OPEC

LONDON: Brent crude oil fell to a four-year low below $80 a barrel on Thursday after Chinese data showed a further slowd

Published 13 Nov, 2014 01:07pm

Energy

UK gas prices ease as supply surpasses demand in mild weather

LONDON: Wholesale natural gas prices in Britain fell on Thursday as gas flows were more than enough to meet demand with

Published 13 Nov, 2014 12:49pm

Energy

Oil below $80 hits rouble, naira; politics weighs on Ukraine

LONDON: A renewed downward lurch in oil prices put emerging market commodity currencies under more pressure on Thursday,

Published 13 Nov, 2014 12:45pm

Energy

Oil falls to four-year low below $80, awaits OPEC

LONDON: Brent crude oil fell to a four-year low below $80 a barrel on Thursday after Chinese data showed a further slowd

Published 13 Nov, 2014 12:37pm

Energy

Russia's Rosneft considers selling Saratov refinery

MOSCOW: Rosneft, Russia's top oil producer, is considering selling its Saratov refinery, Kommersant daily newspaper

Published 13 Nov, 2014 09:14am

Energy

Shell says 2008 Nigeria spills bigger than thought

LONDON: Royal Dutch Shell said Thursday that two 2008 oil spills in Nigeria were larger than earlier thought, ahead of a

Published 13 Nov, 2014 07:37am

Energy

Oil falls further on dim prospect of OPEC output cut

LONDON: Crude prices fell further Tuesday on dimming prospects of a production cut by the OPEC oil cartel despite a glob

Published 11 Nov, 2014 02:46pm

Energy

Brent oil falls to $82 after hitting four-year low

LONDON: Brent crude traded close to $82 per barrel on Tuesday after hitting a four-year low, as a firm dollar and robust

Published 11 Nov, 2014 12:26pm

Energy

UK gas prompt prices slip on mild November weather outlook

LONDON: Prompt natural gas prices in Britain eased on Tuesday on expectations of weaker demand following forecasts for c

Published 11 Nov, 2014 12:20pm

Energy

Brent crude oil falls more than $1 to 4-year low of $81.23

LONDON: Brent crude oil futures fell by more than $1 on Tuesday to a four-year low of $81.23, as a strong dollar and rob

Published 11 Nov, 2014 08:55am

Energy

Oil prices rally on Chinese data

LONDON: World oil prices rose Monday, gaining strength from solid economic data in key consumer China, with extra suppor

Published 10 Nov, 2014 01:23pm

Energy

Brent climbs above $84 on Libya disruptions, weaker dollar

LONDON: Brent crude rose by $1 to above $84 a barrel on Monday, climbing for a second straight session as protests in Li

Published 10 Nov, 2014 11:50am

Energy

UK gas prompt prices rise on increased demand from utilities

LONDON: Prompt natural gas prices in Britain rose on Monday morning as outages at nuclear plants boosted demand from gas

Published 10 Nov, 2014 11:38am

Energy

Oil prices creep higher before key US jobs data

LONDON: World oil prices nudged higher on Friday as dealers awaited key jobs data in the United States and digested OPEC

Published 07 Nov, 2014 02:13pm

Energy

Statoil drills another dry well in Norwegian Arctic

OSLO: Norwegian oil and gas firm Statoil drilled a dry well in the Norwegian Arctic, the Norwegian Petroleum Directorate

Published 07 Nov, 2014 01:18pm

Energy

Oil drops below $83 as dollar hits four-year high

LONDON: Brent crude oil fell below $83 a barrel on Friday after the dollar hit a four-year high and supplies of high qua

Published 07 Nov, 2014 12:29pm

Energy

Oil prices dip

LONDON: Oil prices eased Thursday in choppy deals as investors digested upbeat US inventories figures ahead of European

Published 06 Nov, 2014 03:01pm

Energy

Brent falls below $83 on oversupply

LONDON: Brent crude oil fell below $83 a barrel on Thursday, as apparent momentum towards a deal between Iran and world

Published 06 Nov, 2014 12:38pm

Energy

UK gas prompt prices edge lower as supply outstrips demand

LONDON: Prompt natural gas prices in Britain fell on Thursday morning as higher imports from the Netherlands contributed

Published 06 Nov, 2014 12:29pm

Energy

Brent steady below $83 as oversupply neutralises shocks

LONDON: Brent crude oil was steady below $83 a barrel on Thursday as apparent momentum towards a deal between Iran and w

Published 06 Nov, 2014 12:01pm

Energy

Statoil suspends Transocean, Songa rigs

OSLO: Norway's Statoil suspended two drilling rigs on Thursday until the end of the year and may even extend the sus

Published 06 Nov, 2014 09:26am

Energy

North Sea Brent oil loadings to fall in December

LONDON: The North Sea Brent crude oil production stream will load about 116,000 barrels per day (bpd) in December, down

Published 06 Nov, 2014 09:20am

Energy

Danish ship fuel supplier OW Bunker says hit by fraud

COPENHAGEN: Danish ship fuel supplier OW Bunker on Thursday said it had been hit by fraud committed by senior employees

Published 06 Nov, 2014 06:33am

Energy

Brent oil falls below $82 on weak Chinese and European data

LONDON: Brent oil touched a new four-year low on Wednesday, briefly sinking below $82 a barrel after weak Chinese and Eu

Published 05 Nov, 2014 03:50pm

Energy

Oil prices tumble further before US energy report

LONDON: Oil prices sank further Wednesday, with Brent striking another four-year low on the back of the rebounding dolla

Published 05 Nov, 2014 01:13pm

Energy

UK gas prices decline after Naftogaz pays first gas debt tranche

LONDON: British wholesale gas prices fell on Wednesday after Naftogaz's first debt repayment to Gazprom eased disrup

Published 05 Nov, 2014 12:31pm

Energy

Oil falls below $82 on weak Chinese and European data

LONDON: Brent oil dropped to a new four-year low below $82 a barrel on Wednesday, a fifth straight day of losses, as wea

Published 05 Nov, 2014 11:55am

Energy

Italy's Enel to start Endesa stake sale in coming days

MILAN: Italian utility Enel is set to start a process to sell shares in its Spanish unit Endesa in the next few days, a

Published 05 Nov, 2014 07:10am

Energy

Oil drops towards $85 on strong dollar, China data

LONDON: rent crude oil slipped towards $85 a barrel on Monday as the dollar strengthened and Chinese data pointed to slo

Published 03 Nov, 2014 09:37am

Energy

Russia's monthly oil output flat at 10.6mn bpd in October

MOSCOW: Monthly oil output in Russia, the world's biggest producer, was flat in October, according to energy ministr

Published 02 Nov, 2014 09:57am

Energy

Oil price tumble could accelerate Repsol deal search

MADRID: Spanish oil firm Repsol is set to accelerate a $10 billion acquisition drive to take advantage of lower U.S. sha

Published 02 Nov, 2014 09:54am

Energy

Oil market pressured by strong dollar

LONDON: Oil prices slid on Friday, pressured once again by a stronger dollar, as dealers speculated over whether the Fed

Published 31 Oct, 2014 03:16pm

Energy

British prices fall on Ukraine-Russia deal

LONDON: British wholesale gas prices for the rest of this year fell on Friday after Ukraine and Russia signed a deal tha

Published 31 Oct, 2014 01:43pm

Energy

Oil falls towards $85 on strong dollar, oversupply

LONDON: Brent crude oil fell more than a dollar towards $85 a barrel on Friday as a firmer dollar and a well supplied oi

Published 31 Oct, 2014 01:16pm

Energy

Enel still sees binding offers for Slovakia assets by end-Nov

MILAN: The head of Italian utility Enel , Francesco Starace, said on Thursday the group still expected binding offers fo

Published 30 Oct, 2014 03:19pm

Energy

Prices dip on low consumption, traders eye Ukraine outcome

LONDON: Prompt natural gas prices in Britain dipped on Thursday morning on lower consumption forecasts and as flows retu

Published 30 Oct, 2014 12:42pm

Energy

UK gas prices dip on low consumption, traders eye Ukraine outcome

LONDON: Prompt natural gas prices in Britain dipped on Thursday morning on lower consumption forecasts and as flows retu

Published 30 Oct, 2014 09:28am

Energy

Oil drops below $87 as Fed optimism lifts dollar

LONDON: Brent crude oil fell below $87 a barrel on Thursday, pressured by a stronger dollar after the Federal Reserve pa

Published 30 Oct, 2014 09:02am

Energy

Gazprom says EU, Ukraine must agree gas debt payment for talks to restart

MOSCOW: Gazprom on Thursday said that the EU and Ukraine must agree a deal for Kiev to pay off its gas debts to Russia b

Published 30 Oct, 2014 08:17am

Energy

Technip sticks to goals for 2014 and 2015

PARIS: French oil services group Technip stuck to its revenue and operating margin targets for this year and next on Thu

Published 30 Oct, 2014 07:56am

Energy

No Ukraine-Russia gas deal but talks to continue

BRUSSELS: EU-brokered talks to solve a gas dispute between Russia and Ukraine, which threatens to hit parts of Europe th

Published 30 Oct, 2014 07:20am

Energy

UK gas prices rise as lower Norwegian supplies leave system short

LONDON: Prompt natural gas prices in Britain rose on Wednesday morning as lower supplies from Norway led to an undersupp

Published 29 Oct, 2014 01:02pm

Energy

Oil rises to $87 ahead of Fed statement

LONDON: Brent crude oil rose to $87 a barrel on Wednesday as traders anticipated that the Federal Reserve would keep U.S

Published 29 Oct, 2014 12:16pm

Energy

Oil rises above $86 ahead of Fed statement

LONDON: Brent crude oil extended gains above $86 a barrel on Wednesday as traders anticipated the end of quantitative ea

Published 29 Oct, 2014 09:49am

Energy

Statoil swings to surprise net loss on impairment charges

OSLO: Norwegian energy firm Statoil reported an unexpected third-quarter net loss on Wednesday, weighed down by a string

Published 29 Oct, 2014 06:48am

Energy

Brent oil steadies around $86 as weak dollar offsets data

LONDON: Brent crude oil steadied around $86 a barrel on Tuesday, as a rally in European equities and a fall in the dolla

Published 28 Oct, 2014 03:57pm

Energy

UK gas prompt power price soars on tight winter supply forecast

LONDON: British wholesale natural gas and power prices rose on Tuesday morning, with prompt power soaring due to Nationa

Published 28 Oct, 2014 12:05pm

Energy

Oil drops below $85 after Goldman cuts forecasts

LONDON: Brent crude oil fell below $85 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abunda

Published 27 Oct, 2014 04:25pm

Energy

Oil prices fall on high supplies

LONDON: Oil prices fell on Monday as markets foresee the world's biggest producers maintaining supplies despite a su

Published 27 Oct, 2014 01:25pm

Energy

UK gas prompt gas prices flat as supply meets demand

LONDON: Prompt natural gas prices in Britain were little changed on Monday morning as supply was expected to meet demand

Published 27 Oct, 2014 12:31pm

Energy

Oil drops towards $85 after Goldman cuts forecasts

LONDON: Brent crude oil fell towards $85 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abun

Published 27 Oct, 2014 12:13pm

Energy

Oil slips below $86 on strong supply, NY Ebola case

LONDON: Brent crude fell below $86 a barrel on Friday on news of strong supply from Middle Eastern OPEC producers and as

Published 24 Oct, 2014 03:13pm

Energy

Oil slips to $86 on NY Ebola case, slowing growth

LONDON: Brent crude fell to $86 a barrel on Friday after a confirmed case of Ebola in New York raised fears of travel re

Published 24 Oct, 2014 01:16pm

Energy

Russian Nov seaborne Urals exports seen down m/m

MOSCOW: Exports of Russian Urals crude oil are set to decline in November as domestic refineries are wrapping up mainten

Published 24 Oct, 2014 12:26pm

Energy

Oil slips to $86 on NY Ebola case, slowing growth

LONDON: Brent crude fell oil to around $86 a barrel on Friday after a confirmed case of Ebola in New York raised fears t

Published 24 Oct, 2014 10:03am

Energy

Oil rises above $85 on Saudi supply cut, strong data

LONDON: Brent crude oil rose above $85 a barrel on Thursday on news Saudi Arabia cut its supply to the market in Septemb

Published 23 Oct, 2014 03:11pm

Energy

Nigeria crude oil exports to drop in December-shipping lists

LONDON: Nigerian crude oil exports are set to drop to about 1.70 million barrels per day in December from about 1.91 mil

Published 23 Oct, 2014 02:32pm

Energy

Oil steady at $85 on industry data, US inventories

LONDON: Brent crude oil stabilised around $85 a barrel on Thursday as strong European and Chinese data offset a slide tr

Published 23 Oct, 2014 11:44am

Energy

UK gas prices for Friday drop on milder weekend outlook

LONDON: British wholesale natural gas prices for immediate delivery rose on Thursday morning as high demand left the sys

Published 23 Oct, 2014 08:13am

Energy

Oil prices firm before weekly US inventories

LONDON: World oil prices firmed on Wednesday as traders eyed recent upbeat Chinese data before the latest weekly update

Published 22 Oct, 2014 01:01pm

Energy

Oil prices rise on Chinese data

LONDON: Oil prices rose on Tuesday as caution returned after a weak rally spurred by upbeat industrial production data f

Published 21 Oct, 2014 02:47pm

Energy

UK gas prices rise as colder weather lifts demand

LONDON: British wholesale natural gas and power prices rose on Tuesday morning as growing demand met low supplies, leavi

Published 21 Oct, 2014 12:12pm

Energy

Oil prices hold near $86 on China oil demand rise

LONDON: Brent crude oil held near $86 a barrel on Tuesday on news of robust Chinese oil demand, although gains were capp

Published 21 Oct, 2014 11:57am

Energy

Statoil's oil find in North Sea bigger than expected

OSLO: An oil find by Statoil in the Norwegian sector of the North Sea is much bigger than earlier thought and the find c

Published 21 Oct, 2014 07:15am

Energy

Oil prices dip after brief recovery

LONDON: Oil prices fell on Monday after a brief rebound, with the market weighed down by weak demand growth in an oversu

Published 20 Oct, 2014 02:21pm

Energy

Oil slips below $86 on global oversupply

LONDON: Brent crude slipped below $86 a barrel on Monday, resuming a downward move that took the global oil benchmark to

Published 20 Oct, 2014 12:11pm

Energy

JSW curbs coal production, investment hit by lower coal prices

WARSAW: Poland's JSW, the largest coking coal miner in the European Union, cut its 2014 production target by 9 to 12

Published 18 Oct, 2014 10:03am

Energy

Oil rises above $86 as investors say market oversold

LONDON: Brent crude oil rose above $86 a barrel on Friday, bouncing from near four-year lows as investors bought back in

Published 17 Oct, 2014 03:55pm

Energy

Oil market rebounds

LONDON: World oil prices rebounded Friday on bargain-buying, a day after the US benchmark fell below $80 for the first t

Published 17 Oct, 2014 02:07pm

Energy

Oil rises above $87 as investors say market oversold

LONDON: Brent crude rose more than a dollar to above $87 a barrel on Friday, bouncing from near four-year lows as invest

Published 17 Oct, 2014 10:26am

Energy

Russia's Transneft resumes oil flows via ESPO pipeline - agency

MOSCOW: Russia's oil pipeline monopoly Transneft has resumed supplies via its ESPO pipeline, Interfax news agency re

Published 17 Oct, 2014 05:50am

Energy

Oil touches four-year low below $83 as economic worries mount

LONDON: Oil fell to a four-year low under $83 a barrel on Thursday, as growing concerns over the global economy and abun

Published 16 Oct, 2014 03:21pm

Energy

UK gas prices for Friday fall on warmer weekend weather outlook

LONDON: British natural gas and power prices largely fell on Thursday as rising temperatures reduced demand and the weak

Published 16 Oct, 2014 01:11pm

Energy

Oil bounces from 4-year low to $85 as dollar falls

LONDON: Brent crude bounced off a four-year low on Wednesday to above $85 a barrel, a level that was still down 25 perce

Published 15 Oct, 2014 04:44pm

Energy

Oil prices reach new depths on oversupply

LONDON: Oil prices reached new multi-year low points on Wednesday owing to a supply glut and weak global demand, analyst

Published 15 Oct, 2014 02:22pm

Energy

Oil falls to $84, near 4-year low, on oversupply

LONDON: Brent crude fell to a fresh 47-month low on Wednesday before recovering to just above $84 a barrel as faltering

Published 15 Oct, 2014 12:35pm

Energy

OPEC unlikely to hold emergency meeting on oil drop-sources

LONDON: OPEC is unlikely to call an emergency meeting as proposed by Venezuela, two OPEC sources said on Tuesday, a sign

Published 14 Oct, 2014 01:47pm

Energy

Oil falls to post-2010 low after IEA cuts demand forecasts

LONDON: Brent crude fell to a fresh low below $88 a barrel on Tuesday, trading at the weakest level since 2010 after the

Published 14 Oct, 2014 01:45pm

Energy

Statoil says Tanzania LNG plant to start in 2021/22 at earliest

OSLO: Norwegian energy firm Statoil expects its Tanzania gas liquefaction plan to start up in 2021 or 2022 at the earlie

Published 14 Oct, 2014 08:15am

Energy

Oil prices slump further as weak demand weighs

LONDON: Brent oil prices sank Monday to another four-year low on abundant supplies and demand concerns arising from the

Published 13 Oct, 2014 03:10pm

Energy

UK gas prompt prices fall in well supplied market

LONDON: Prompt natural gas prices in Britain fell early on Monday as healthy supplies from Norway and lower demand from

Published 13 Oct, 2014 01:29pm

Energy

Oil heads for 4-year low on Saudi output signal

LONDON: Brent crude oil fell below $88 a barrel on Monday, its lowest in almost four years, after key Middle East produc

Published 13 Oct, 2014 12:43pm

Energy

Russian oil shift east accelerates, dictated by politics

MOSCOW: Russia is diverting more of its crude oil east with deliveries to China hitting a new record last month at the e

Published 13 Oct, 2014 08:28am

Energy

Statoil sells Shah Deniz stake for $2.25bn to Petronas

OSLO: Norway's Statoil has sold a 15.5 percent stake in the Azeri gas project Shah Deniz to Malaysia's Petronas

Published 13 Oct, 2014 06:01am

Energy

Shares hit six-month low as growth worries mount

LONDON: Global shares fell to a six-month trough and Brent crude futures tumbled to their lowest since 2010 on Friday as

Published 10 Oct, 2014 12:22pm

Energy

Oil falls to lowest since 2010 as OPEC ups supplies

LONDON: Brent crude oil fell to its lowest since 2010 on Friday, dropping below $90 a barrel as Saudi Arabia said it upp

Published 10 Oct, 2014 11:56am

Energy

UK gas prices rise on lower flows, under supplied system

LONDON: Wholesale natural gas prices in Britain firmed on Thursday amid lower flows from Norway and an under supplied sy

Published 09 Oct, 2014 01:30pm

Energy

Oil resumes fall back to $91 on economy worries, supply glut

LONDON: Brent oil fell to $91 a barrel on Thursday, heading back to over two year lows, as a supply glut and concerns ab

Published 09 Oct, 2014 12:36pm

Energy

Oil edges further above $91, supported by weaker dollar

LONDON: Brent oil futures steadied above $91 a barrel on Thursday, supported by a slide in the dollar but a glut in supp

Published 09 Oct, 2014 09:27am

Energy

UK GAS: Prices rise on lower flows, under supplied system

LONDON: Wholesale natural gas prices in Britain firmed on Thursday amid lower flows from Norway and an under supplied sy

Published 09 Oct, 2014 09:19am

Energy

Oil hits new low below $91 on weak demand forecasts

LONDON: Brent crude oil dipped below $91 a barrel on Wednesday to its lowest since June 2012 as lower economic growth fo

Published 08 Oct, 2014 09:40am

Energy

Prices dip on balanced system and rising temperatures

LONDON: Wholesale natural gas prices in Britain dipped slightly on Wednesday morning in a balanced system with rising te

Published 08 Oct, 2014 07:14am

Energy

Brent slips towards $93 as oversupply, dollar weigh

LONDON: Brent crude oil futures slipped on Friday towards $93 a barrel, extending a three-day slide that has pushed pric

Published 03 Oct, 2014 12:17pm

Energy

Oil prices slide to new lows

LONDON: Oil prices slumped to fresh lows on Thursday, pressured by a global supply glut and the strengthening dollar, an

Published 02 Oct, 2014 12:40pm

Energy

Oil drops under $93 to new 27-month low as supply glut grows

LONDON: Oil prices hit their lowest level since June 2012 on Thursday, dropping below $93 a barrel, as official oil pric

Published 02 Oct, 2014 10:13am

Energy

Oil edges up from more than 2-year low, glut caps gains

LONDON: Oil edged up from a more than two-year low to near $95 a barrel on Wednesday as a slightly better-than-expected

Published 01 Oct, 2014 02:47pm

Energy

Oil rises from more than 2-year low, glut caps gains

LONDON: Oil rose from a more than two-year low to over $95 a barrel on Wednesday as a slightly better-than-expected Chin

Published 01 Oct, 2014 02:02pm

Energy

Oil slips below $97, hit by dollar strength

LONDON: Brent oil slipped below $97 a barrel on Tuesday, hit by dollar strength and ample supply, and was heading for it

Published 30 Sep, 2014 04:47pm

Energy

Oil prices turn higher

LONDON: Global oil prices gained ground Tuesday on expectations of upbeat economic data from the United States, the worl

Published 30 Sep, 2014 02:08pm

Energy

UK gas prices rise as nearby demand outpaces supply

LONDON: Prompt natural gas prices in Britain rose early on Tuesday as demand narrowly outstripped expected supply with a

Published 30 Sep, 2014 12:48pm

Energy

Oil steadies above $97, supported by US, Chinese data

LONDON: Brent oil steadied above $97 a barrel on Tuesday, supported by U.S. and Chinese economic data, but was still set

Published 30 Sep, 2014 12:46pm

Energy

Turkey hikes natural gas prices 9pc from October

ISTANBUL: Turkey will hike electricity and natural gas prices by 9 percent from October, Energy Minister Taner Yildiz sa

Published 30 Sep, 2014 08:39am

Energy

Brent falls below $97 on weak Chinese data, strong dollar

LONDON: Brent oil fell below $97 a barrel on Monday, moving closer to a two-year low hit last week as weak data from maj

Published 29 Sep, 2014 03:58pm

Energy

Oil market dips on stronger dollar

LONDON: World oil prices slid on Monday as dealers took their cue from the strengthening US dollar, analysts said.Brent

Published 29 Sep, 2014 03:03pm

Energy

UK gas prices fall on rising North Sea supplies

LONDON: Natural gas and power prices in Britain dropped on Monday morning as mild weather and a rise in imports of Norwe

Published 29 Sep, 2014 10:30am

Energy

Brent falls below $97 on weak Chinese data, strong dollar

LONDON: Brent crude oil fell below $97 a barrel on Monday, moving closer to a two-year low hit last week as weak data fr

Published 29 Sep, 2014 09:17am

Energy

Statoil makes uncommercial gas find in Arctic

OSLO: Energy firm Statoil has made a disappointing gas find in the Arctic, continuing an unsuccessful run of exploration

Published 29 Sep, 2014 09:00am

Energy

Brent drops below $97 on rising supply

LONDON: Brent crude fell below $97 a barrel on Friday and headed for its biggest monthly drop since April 2013 as rising

Published 26 Sep, 2014 12:35pm

Energy

Oil holds near $97, supplies counter disruption fears

LONDON: Brent crude held near $97 a barrel on Friday but headed for its biggest monthly drop since April 2013 as rising

Published 26 Sep, 2014 12:13pm

Energy

Oil recovers to $97 on Middle East tension

LONDON: Brent crude oil recovered from early losses to trade above $97 a barrel on Thursday as concerns about potential

Published 25 Sep, 2014 02:41pm

Energy

Oil market fall as dollar rallies

LONDON: World oil prices fell Thursday on the back of the surging dollar and plentiful global supplies, analysts said.Br

Published 25 Sep, 2014 01:40pm

Energy

UK gas prompt edges higher on less Norwegian supply

LONDON: Prompt natural gas prices in Britain rose on Thursday as lower supplies from Norway led to an undersupplied syst

Published 25 Sep, 2014 12:44pm

Energy

Oil dips further below $97 on over supply and strong dollar

LONDON: Brent crude oil dipped further below $97 a barrel on Thursday as abundant supply and a strong dollar outweighed

Published 25 Sep, 2014 12:17pm

Energy

Rosneft may back out of Morgan Stanley oil unit deal

LONDON: Rosneft, Russia's biggest crude oil producer, may back out of a deal to buy Morgan Stanley 's oil tradin

Published 25 Sep, 2014 11:55am

Energy

Russia's Rosneft continues work on deal with Morgan Stanley

MOSCOW: Russian oil company Rosneft is continuing work on a deal to buy Morgan Stanley's oil-trading unit, RIA news

Published 25 Sep, 2014 07:41am

Energy

UK gas prices slightly lower on expectations of improved supply

LONDON: Prompt natural gas prices in Britain eased slightly on Wednesday on expectations of improved supply as domestic

Published 24 Sep, 2014 12:41pm

Energy

Oil slips towards $96 on ample supply, slack demand

LONDON: Oil fell towards $96 a barrel on Wednesday as rising supply from Africa and Iraq offset mounting tensions in the

Published 24 Sep, 2014 12:07pm

Energy

Gazprom says eyes condensate exports from Kirinskoye fields

YUZHNO-SAKHALINSK: Russia's top gas producer Gazprom is considering gas condensate exports from its Sakhalin offshor

Published 24 Sep, 2014 06:38am

Energy

Oil prices up on upbeat Chinese data, Syria bombing

LONDON: Oil prices rose on Tuesday in response to better-than-expected Chinese manufacturing data and after the United S

Published 23 Sep, 2014 02:39pm

Energy

UK gas spot prices rise on undersupplied system

LONDON: Prompt natural gas prices in Britain rose on Tuesday morning as North Sea maintenance work left the system under

Published 23 Sep, 2014 01:04pm

Energy

Oil up above $97 as US launches air strikes in Syria

LONDON: Brent crude rose above $97 a barrel on Tuesday as the United States and several Gulf Arab allies launched strike

Published 23 Sep, 2014 12:27pm

Energy

Russian gasoline exports up 10.2pc in August vs July

MOSCOW: Russian gasoline and gas oil exports in August rose by 10.2 percent and 0.2 percent respectively, compared with

Published 23 Sep, 2014 07:16am

Energy

Russia's Gazprom says Western sanctions won't hurt

YUZHNO-SAKHALINSK: Russia's Gazprom can substitute all imported equipment that is subject to Western sanctions again

Published 23 Sep, 2014 05:51am

Energy

Oil prices drop on strong dollar

LONDON: Global oil prices fell Monday on the back of the strong dollar and plentiful supplies, on the eve of key manufac

Published 22 Sep, 2014 01:57pm

Energy

Total to sell more assets, cuts oil output target

LONDON: French oil company Total is to sell more assets and cut costs to generate more cash and is to revamp exploration

Published 22 Sep, 2014 12:00pm

Energy

UK gas prompt nudges higher on less Norwegian gas

LONDON: Prompt natural gas prices in Britain rose on Monday morning as low imports from Norway left the system undersupp

Published 22 Sep, 2014 10:20am

Energy

Total to sell off more assets, cuts oil output target

LONDON: French oil company Total is to step up plans to sell off assets, cut investments and reduce operating costs to d

Published 22 Sep, 2014 09:05am

Energy

Oil falls below $98 on sluggish demand, ample supply

LONDON: Brent crude fell below $98 a barrel on Monday, dropping for the third session in four, as sluggish demand and am

Published 22 Sep, 2014 09:01am

Energy

EU carbon tops 6 euros as buyers lend support

LONDON: European carbon prices were poised to end the week almost flat after buyers stepped in to lift prices from six-w

Published 19 Sep, 2014 05:19pm

Energy

West Africa Crude Low supply supportive, Nigerian overhang weighs

LONDON: Differentials for West African crude oil were supported by demand from European refiners, and lower supply avail

Published 19 Sep, 2014 05:04pm

Energy

North Sea Crude-Forties steady, Asia shipments in focus

LONDON: North Sea Forties crude differentials held steady on Friday, supported by pending and potential VLCC shipments t

Published 19 Sep, 2014 04:42pm

Energy

Oil prices steady at end of volatile week

LONDON: World oil prices steadied on Friday after Brent crude had this week hit a two-year low point against a backdrop

Published 19 Sep, 2014 11:55am

Energy

Oil drops towards $97 despite talk of lower OPEC output

LONDON: Brent crude slipped towards $97 a barrel on Friday, not far above 26-month lows reached at the start of the week

Published 19 Sep, 2014 08:49am

Energy

Oil prices dip

LONDON: Crude oil prices eased on Thursday as financial markets focused on Scotland's independent vote, while reacti

Published 18 Sep, 2014 02:54pm

Energy

UK gas prompt prices rise, eyes on Scotland and sterling

LONDON: Prompt natural gas prices in Britain rose on Thursday morning on the back of an undersupplied system.Prices for

Published 18 Sep, 2014 12:44pm

Energy

Oil edges lower below $99, but supply risks in focus

LONDON: Oil traded slightly lower below $99 a barrel on Thursday, pressured by ample supply and concern over the weakeni

Published 18 Sep, 2014 12:38pm

Energy

Endesa board approves 8.25 bln eur Enersis stake sale to Enel

MADRID: The board of Spanish elecricity firm Endesa on Wednesday approved the sale of its Latin American assets to Itali

Published 17 Sep, 2014 06:00pm

Energy

North Sea Crude Forties weakens at prompt on ample supply

LONDON: North Sea Forties crude differentials fell on Wednesday as Vitol sold a prompt cargo, although bidding from Tota

Published 17 Sep, 2014 05:43pm

Energy

Restart of paper mills, cooler weather lift spot

OSLO: An expected restart of two paper mills in the region and colder weather lifted Nordic spot power prices on Wednesd

Published 17 Sep, 2014 05:22pm

Energy

Oil steadies around $99 on possible OPEC output cut

LONDON: Brent crude oil steadied at around $99 per barrel on Wednesday, after jumping on Tuesday on hopes the Organizati

Published 17 Sep, 2014 05:09pm

Energy

Oil falls below $99 after large stock build in US

LONDON: Brent crude oil fell below $99 per barrel on Wednesday after a bigger-than-expected build in weekly U.S. crude s

Published 17 Sep, 2014 04:49pm

Energy

Oil prices hold steady

LONDON: Oil prices steadied on Wednesday as dealers squared positions after the previous day's bumper gains which we

Published 17 Sep, 2014 02:44pm

Energy

Oil steadies below $99 on talk of OPEC output cut

LONDON: Brent crude oil consolidated around $99 per barrel on Wednesday, recovering from a sharp sell-off, on hopes the

Published 17 Sep, 2014 01:43pm

Energy

UK gas prompt dips on resumed St Fergus flows

LONDON: Prompt natural gas prices in Britain dipped on Wednesday following two days of strong gains, as flows resumed at

Published 17 Sep, 2014 01:30pm

Energy

Rosneft calls Khodorkovsky comments on Sistema owner arrest ‘absurd’

MOSCOW: Russia's top oil producer Rosneft said comments by ex-Yukos chief Mikhail Khodorkovsky linking the house arr

Published 17 Sep, 2014 08:08am

Energy

Oil prices rebound as OPEC hints at lower output

LONDON: World oil prices rebounded sharply on Tuesday after the head of OPEC indicated that the crude producers' car

Published 16 Sep, 2014 04:59pm

Energy

Oil above $98, OPEC supply comments offset concern over demand

LONDON: Brent crude oil rose above $98 per barrel on Tuesday, as the prospect of a likely supply cut from OPEC outweighe

Published 16 Sep, 2014 03:10pm

Energy

ddiOil prices hold steady

LONDON: World oil prices stabilised on Tuesday as investors continued to digest weak global data and awaited the start o

Published 16 Sep, 2014 02:08pm

Energy

Oil dips towards $97, hit by weak demand, strong supply

LONDON: Brent crude oil fell towards $97 a barrel on Tuesday, pressured by weak economic data from the world's two b

Published 16 Sep, 2014 01:09pm

Energy

UK gas prompt prices rise on tight system, St Fergus maintenance

LONDON: Natural gas prices in Britain rose on Tuesday morning as maintenance at Shell's St Fergus terminal contribut

Published 16 Sep, 2014 12:40pm

Energy

Oil softens under $98, on weak demand, strong supply

LONDON: Brent crude fell slightly, staying under $98 a barrel on Tuesday, as poor economic data from the world's big

Published 16 Sep, 2014 12:12pm

Energy

OPEC's Badri says he expects OPEC to lower output target

VIENNA: OPEC Secretary General Abdallah El-Badri told reporters on Tuesday he expected the group to lower its oil output

Published 16 Sep, 2014 11:51am

Energy

Russia considers Rosneft request for help from state fund

MOSCOW: Sanctions-hit oil company Rosneft will be able to apply for money from a state wealth fund, Deputy Prime Ministe

Published 16 Sep, 2014 08:26am

Energy

Russian crude oil exports seen down 6pc in Q4

MOSCOW: Exports of seaborne Russian Urals and ESPO crude oil blends were seen declining by 6.2 percent to 50.17 million

Published 15 Sep, 2014 04:59pm

Energy

Brent oil hits another 2-year low on demand fears

LONDON: Global oil prices hit a fresh two-year low on Monday as weak Chinese economic data stoked concerns about the str

Published 15 Sep, 2014 01:48pm

Energy

UK gas prices climb on undersupplied system

LONDON: British prompt wholesale natural gas prices climbed on Monday morning as low imports and reduced domestic flows

Published 15 Sep, 2014 12:53pm

Energy

Russia's Gazprom Neft sticks to development plans after sanctions

PRIRAZLOMNAYA OIL PLATFORM: Gazprom Neft, the oil arm of Russian state gas company Gazprom, will stick to its production

Published 15 Sep, 2014 08:24am

Energy

Global oil prices slump, sugar turns sour

LONDON: Commodity prices dropped this week as the dollar strengthened, with Brent oil sinking to its lowest level in mor

Published 12 Sep, 2014 06:39pm

Energy

Gazprom may boost 2014 investments to 1 trillion roubles: source

MOSCOW: Russian gas pipeline monopoly Gazprom may increase its 2014 investment programme by 221 billion roubles ($5.8 bi

Published 12 Sep, 2014 05:50pm

Energy

North Sea Crude-Forties rises on strong refining margins

LONDON: North Sea Forties crude differentials rose on Friday, supported by stronger refining margins. The average plant

Published 12 Sep, 2014 05:43pm

Energy

Foreign oil services firms will find it hard to return to Russia: minister

MOSCOW: The head of Russia's natural resources ministry said on Friday foreign oil services companies would find it

Published 12 Sep, 2014 05:40pm

Energy

Prices, refining margins up on reduced supply: Gasoline

LONDON: Gasoline prices and refining margins climbed again in northwest Europe on Friday as maintenance cut into availab

Published 12 Sep, 2014 05:31pm

Energy

Russian gas flows via Ukraine to EU normal on Friday-Slovak pipeline

PRAGUE: Russian natural gas flows to the European Union through Slovakia via Ukraine were running normally on Friday, Sl

Published 12 Sep, 2014 08:14am

Energy

Wintershall buys Statoil assets for $1.3bn

OSLO: Norwegian energy firm Statoil has sold a string of assets off Norway to Germany's Wintershall, a unit of chemi

Published 12 Sep, 2014 06:29am

Energy

Oil feels the squeeze of weak growth, strong supplies: IEA

PARIS: Demand for oil is feeling the squeeze of weak growth in Europe, slowdown in China and abundant supplies, the Inte

Published 11 Sep, 2014 02:02pm

Energy

Oil hits new 17-month low on IEA demand downgrade

LONDON: Global oil prices fell further on Thursday, with Brent reaching a new 17-month low after the International Energ

Published 11 Sep, 2014 01:36pm

Energy

Oil hits 17-month low below $98 as supplies build

LONDON: Brent crude fell to a 17-month low below $98 a barrel on Thursday, down for the sixth straight session as worrie

Published 11 Sep, 2014 12:51pm

Energy

Oil demand growth slowing at 'remarkable' pace -West energy agency

LONDON: Global oil demand growth is softening at a remarkable pace due to weaker European and Chinese economies, the Wes

Published 11 Sep, 2014 12:39pm

Energy

Increase in Iran oil storage to increase export flexibility

LONDON: A substantial increase in Iranian oil storage capacity will give the sanctions-hit country more flexibility to e

Published 11 Sep, 2014 12:30pm

Energy

Oil hits two-year low below $97 as supplies build

LONDON: Brent crude dropped to a two-year low below $97 a barrel on Thursday, falling for a sixth straight session as wo

Published 11 Sep, 2014 12:10pm

Energy

IEA cuts oil demand outlook on weaker growth in Europe, China

PARIS: The oil market has lost pace because of weak growth in Europe and slowdown in China, the IEA said on Thursday, cu

Published 11 Sep, 2014 09:17am

Energy

UK GAS: Market seen balanced as oil, sterling weigh on prompt price

LONDON: British wholesale gas prices were little changed on Thursday due to balanced supply-demand fundamentals and as f

Published 11 Sep, 2014 09:16am

Energy

Statoil to reduce gas flaring in North Dakota

OSLO: Norway's Statoil plans to capture more of the gas it would otherwise flare in the Bakken prospect in North Dak

Published 11 Sep, 2014 09:08am

Energy

Gazprom's Q1 earnings hurt by Ukraine, more pain to come

MOSCOW: Russia's Gazprom reported a 41 percent fall in first-quarter net profit after cutting prices for gas deliver

Published 11 Sep, 2014 08:58am

Energy

Statoil drills dry well in Barents Sea

OSLO: Norwegian energy firm Statoil drilled a dry well in the Arctic Barents Sea, around 105 kilometres northeast of Ham

Published 11 Sep, 2014 07:49am

Energy

Norway gets applications from 47 firms for oil licences

OSLO: Norway received applications from 47 energy firms for licenses in oil and gas areas that are already open for expl

Published 11 Sep, 2014 07:33am

Energy

Brent slides to new 17-month low under $98

LONDON: World oil prices tumbled Wednesday, with Brent hitting a new 17-month low after the OPEC oil cartel trimmed its

Published 10 Sep, 2014 06:06pm

Energy

North Sea Crude-Forties diffs edge up as Buzzard offline again

LONDON: North Sea Forties crude differentials edged up slightly on Wednesday as Total returned to the market seeking Oct

Published 10 Sep, 2014 05:07pm

Energy

Europe Gasoline/ Naphtha Cracks rise to near one-month high

LONDON: Gasoline refining margins in northwest Europe rose on Wednesday to a near one-month high at around $15 a tonne,

Published 10 Sep, 2014 04:43pm

Energy

Thermal coal Prices rise, Europe-Australia premium over $10

LONDON: Thermal coal prices rose on Wednesday, reversing some of the previous session's losses, but European coal&#3

Published 10 Sep, 2014 04:39pm

Energy

Spot inches up as wind output falls further

OSLO: Nordic day-ahead power prices inched up on Wednesday on expectations for lower wind power output and slightly high

Published 10 Sep, 2014 04:35pm

Energy

Brent oil hits 17-month low near $98 on strong supply growth

LONDON: Oil dropped to a 17-month low close to $98 a barrel on Wednesday as rising supplies and weak demand helped exten

Published 10 Sep, 2014 04:35pm

Energy

UK gas prices drop on low demand, cheaper oil

LONDON: British wholesale gas prices fell on Wednesday as weak demand left the system slightly oversupplied and cheaper

Published 10 Sep, 2014 01:00pm

Energy

Brent hits 16-month low below $99 on strong US supply growth

LONDON: Brent crude dropped to a fresh 16-month low below $99 a barrel on Wednesday with rising supplies and weak demand

Published 10 Sep, 2014 10:00am

Energy

Statoil start production at Fram H North and Svalin C

OSLO: Norwegian oil and gas firm Statoil has started up production at its Fram H North and Svalin C facilities in the No

Published 10 Sep, 2014 07:28am

Energy

Oil prices drop into red

LONDON: Oil prices in London fell on Tuesday, one day after hitting a intra-day 16-month low on the back of ample suppli

Published 09 Sep, 2014 05:45pm

Energy

Brent oil bounces higher after 3-day losing run

LONDON: Brent crude oil prices gained on Tuesday in volatile trade, snapping a three-day losing streak as investors retu

Published 09 Sep, 2014 03:21pm

Energy

Brent oil back below $100 as strong supply weighs

LONDON: Brent crude oil prices fell back below $100 per barrel on Tuesday in volatile trade, down for a fourth day and u

Published 09 Sep, 2014 03:05pm

Energy

Oil prices mixed after Brent drop

LONDON: The oil market diverged on Tuesday as traders paused for breath, one day after Brent crude hit a 16-month low un

Published 09 Sep, 2014 01:52pm

Energy

UK gas prices slide on higher-than-expected imports from Holland

LONDON: Wholesale natural gas prices in Britain were lower on Tuesday morning in reaction to higher-than-expected import

Published 09 Sep, 2014 12:57pm

Energy

Steady supply keeps Brent oil below $100 a barrel

LONDON: Brent crude fell for a fourth straight day on Tuesday, with prices near a 16-month low below $100 a barrel, unde

Published 09 Sep, 2014 12:54pm

Energy

Steady supply keeps Brent oil near $100 a barrel

LONDON: Brent crude oil fell for a fourth straight day on Tuesday, with prices not far above a recent 16-month low, unde

Published 09 Sep, 2014 12:13pm

Energy

Russian gas flows via Ukraine to EU normal on Tuesday

PRAGUE: Russian natural gas flows to the European Union through Slovakia via Ukraine were running normally on Tuesday, S

Published 09 Sep, 2014 08:53am

Energy

Romania energy market to couple with region this year or in 2015

BUCHAREST: Romania's energy bourse Opcom will be coupled with Czech, Slovakian and Hungarian markets at the end of t

Published 09 Sep, 2014 08:45am

Energy

Norwegian oil explorer PGS cuts spending, to sell Russian venture

OSLO: Seismic oil explorer PGS has cut its investment plans, pulled several vessels from service and decided to sell a R

Published 09 Sep, 2014 08:41am

Energy

North Sea Crude-Forties slips, October supply seen ample

LONDON: North Sea Forties crude differentials slipped on Monday as a prompt cargo traded in the window as a ship-to-ship

Published 08 Sep, 2014 06:16pm

Energy

Gasoline weakens on limited export options

LONDON: Gasoline refining margins in northwest Europe weakened on Monday due to rising supplies in the region on reduced

Published 08 Sep, 2014 05:02pm

Energy

Oil below $100 tightens OPEC budgets, prompts signs of concern

LONDON/DUBAI: Oil's slide below $100 a barrel on Monday adds to financial worries for OPEC members, prompting some i

Published 08 Sep, 2014 05:00pm

Energy

Oil falls close to $100 after weak China, US data

LONDON: Brent crude oil fell towards 14-month lows just above $100 a barrel on Monday after Chinese and U.S. data pointe

Published 08 Sep, 2014 02:23pm

Energy

Oil falls under $100, lowest in 14 months on weak data

LONDON: Brent crude slid below $100 a barrel on Monday for the first time in 14 months as Chinese and U.S. data pointed

Published 08 Sep, 2014 01:12pm

Energy

Benchmark Brent oil price falls under $100 in London

LONDON: Brent crude oil, the European benchmark, dropped on Monday to under $100 for the first time in more than 14 mont

Published 08 Sep, 2014 09:31am

Energy

Cutting fossil subsidies must to advance renewables: agency

PARIS: Renewable energy, essential for meeting global CO2 emission targets, needs a stable regulatory framework, a cut i

Published 07 Sep, 2014 09:16pm

Energy

Statoil Arctic oil well halted after environmental challenge

OSLO: Norwegian oil company Statoil has had to stop drilling at the Arctic Pingvin prospect because of an appeal against

Published 05 Sep, 2014 06:46pm

Energy

EU carbon rebounds from three-week low on speculative buying

LONDON: European carbon prices closed 2.8 percent higher on Friday on speculative buying, rebounding from a three-week l

Published 05 Sep, 2014 06:09pm

Energy

Global LNG: Asian prices rise amid tenders

MILAN: Asian spot liquefied natural gas (LNG) prices rose this week as demand firmed for October deliveries, although tr

Published 05 Sep, 2014 03:28pm

Energy

Enel CEO says delisting Endesa one of options on table

CERNOBBIO: Italy's biggest utility Enel will decide what to do with its stake in Spanish utility Endesa in the next

Published 05 Sep, 2014 12:48pm

Energy

Russia's Rosneft plans to start oil output at Sakhalin Arkutun-Dagi field this month

MOSCOW: Rosneft, Russia's top oil producer, plans to start oil production at the Sakhalin Arkutun-Dagi offshore fiel

Published 05 Sep, 2014 12:21pm

Energy

Oil steadies near $102, heads for weekly drop on dollar

LONDON: Brent crude oil steadied near $102 a barrel on Friday, heading for a third weekly drop in four as a strong dolla

Published 05 Sep, 2014 11:25am

Energy

Oil slips, hit by dollar move on surprise ECB rate cut

LONDON: Oil slipped towards $102 a barrel on Thursday, with a surprise rate cut from the European Central Bank boosting

Published 04 Sep, 2014 02:59pm

Energy

Oil retreats before ECB, US energy report

LONDON: Oil dipped on Thursday as dealers squared positions before the European Central Bank's interest rate decisio

Published 04 Sep, 2014 01:47pm

Energy

UK gas and power prices rise as supply tightens

LONDON: Wholesale natural gas and power prices rose in Britain on Thursday as reduced gas flows from Norway and the Neth

Published 04 Sep, 2014 12:43pm

Energy

Oil slips, buffeted by dollar moves, Ukraine situation

LONDON: Oil slipped to around $102 a barrel on Thursday, partially reversing a sharp rise the previous day, with more vo

Published 04 Sep, 2014 09:06am

Energy

EDF says to re-start UK nuclear reactors by end-2014

LONDON: EDF Energy said on Thursday that four of its nuclear reactors, closed in northern England last month after the d

Published 04 Sep, 2014 08:45am

Energy

LNG tanker Mourad Didouche set to arrive in Britain around Sept. 8

LONDON: Liquefied natural gas tanker Mourad Didouche is set to arrive at Britain's Isle of Grain terminal around Sep

Published 04 Sep, 2014 08:30am

Energy

Statoil fails to find oil in highly anticipated Angola well

OSLO: Norwegian oil and gas producer Statoil has drilled a dry well in Angola's pre-salt formations and failed to fi

Published 04 Sep, 2014 07:29am

Energy

Urals weakens, Saudi cuts October prices

LONDON: Russian Urals crude weakened in the Mediterranean and Baltic on Wednesday despite healthy margins, and the paper

Published 03 Sep, 2014 05:36pm

Energy

Gasoline cracks rise, exports still weak

LONDON: Gasoline refining margins in northwest Europe rose on Wednesday above $12 a tonne, supported by gains in crude o

Published 03 Sep, 2014 05:24pm

Energy

Oil climbs towards $102, rebounds from 16-month low

LONDON: Oil climbed towards $102 a barrel on Wednesday as the market bounced off a 16-month low hit in the previous sess

Published 03 Sep, 2014 04:50pm

Energy

Oil market rebounds from losses

LONDON: World oil prices rebounded on Wednesday as traders snapped up bargain crude following recent heavy losses, analy

Published 03 Sep, 2014 04:05pm

Energy

UK gas prices fall on oversupply, eroding gains made this week

LONDON: Wholesale natural gas prices in Britain fell on Wednesday morning due to oversupply, eroding gains made over the

Published 03 Sep, 2014 12:51pm

Energy

Oil climbs above $101, rebounds from 16-month low

LONDON: Oil climbed above $101 a barrel on Wednesday as the market bounced off a 16-month low hit in the previous sessio

Published 03 Sep, 2014 11:57am

Energy

Nigerian oil exports revised up in October on EA return

LONDON: Nigeria will export about 1.86 million barrels per day (bpd) of crude oil in October, slightly more than earlier

Published 02 Sep, 2014 04:17pm

Energy

Oil prices down after weak China, Europe data

LONDON: World oil prices fell on Tuesday after disappointing manufacturing data on top energy consumer China as well as

Published 02 Sep, 2014 02:53pm

Energy

UK gas spot prices rise to 4-month high on tight supply

LONDON: Spot natural gas prices in Britain rose to a four-month high on Tuesday, buoyed by tight supply and concerns ove

Published 02 Sep, 2014 01:21pm

Energy

Brent oil falls below $102 on demand fears, strong dollar

LONDON: Brent crude fell below $102 a barrel on Tuesday, pressured by worries about slowing oil demand growth in China a

Published 02 Sep, 2014 12:26pm

Energy

Russia's August oil production rises to 10.52mn bpd

MOSCOW: Russian oil output edged up to 10.52 million barrels per day (bpd) in August, up from 10.39 million bpd in July,

Published 02 Sep, 2014 06:43am

Energy

Oil dips amid US holiday, China data

LONDON: Global oil prices slid on Monday in subdued deals before a public holiday in the United States and as dealers di

Published 01 Sep, 2014 02:12pm

Energy

Prices jump on Norway pipeline outage, Russia gas cut fears

LONDON: British wholesale natural gas and power prices jumped on Monday morning as reduced capacity tightened the system

Published 01 Sep, 2014 01:01pm

Energy

Oil prices dip on faltering demand but Libya chaos threatens output

LONDON: Brent crude oil prices slipped on Monday as manufacturing growth faltered in Europe and China at a time of ample

Published 01 Sep, 2014 12:26pm

Energy

Oil falls below $103 as supply rises, demand falters

LONDON: Brent crude oil dipped below $103 a barrel on Monday as data showed manufacturing growth faltering in Europe and

Published 01 Sep, 2014 09:58am

Energy

Russia's Rosneft restarts Achinsk refinery after fire

MOSCOW: Russia's largest oil producer, Rosneft, said on Monday it restarted primary oil processing at its Siberian A

Published 01 Sep, 2014 07:33am

Energy

Statoil says normal operations at In Amenas gas plant resuming

OSLO: Normal operations are resuming at the In Amenas gas plant in Algeria 18 months after a raid by militants killed fo

Published 01 Sep, 2014 06:47am

Energy

Brent rises on Ukraine crisis but heads for monthly fall

LONDON: Brent crude oil prices rose towards $103 a barrel on Friday as escalating violence in Ukraine kept Europe's

Published 29 Aug, 2014 02:07pm

Energy

Oil climbs on Ukraine tensions, bright US data

LONDON: Global oil prices rose on Friday, supported by renewed Russia-Ukraine tensions and bright US economic growth dat

Published 29 Aug, 2014 11:41am

Energy

Neste Oil cuts profit outlook due to refinery damage

HELSINKI: Finland's Neste Oil on Friday cut its profit outlook for the full year due to previously announced hydroge

Published 29 Aug, 2014 06:52am

Energy

UK gas prompt prices rise on undersupplied system

LONDON: Prompt natural gas prices in Britain rose on Thursday morning as a dip in supplies from from Norway left the sys

Published 28 Aug, 2014 01:55pm

Energy

West Africa oil exports to China at near record in Sept

LONDON: A surge in Chinese buying to near record highs pushed up West African crude oil exports to Asia in September, a

Published 28 Aug, 2014 12:04pm

Energy

Oil slips towards $102 on ample supply

LONDON: Brent crude oil fell towards $102 a barrel on Thursday, depressed by ample supply and lacklustre demand as globa

Published 28 Aug, 2014 08:26am

Energy

Preparations for Rosneft's privatisation under way

MOSCOW: Russia's Economy Minister said on Tuesday that preparations to sell a part of the state's stake in Rosne

Published 28 Aug, 2014 07:45am

Energy

Iraq's southern oil exports fall by 140,000 bpd so far in August

LONDON: Iraq's oil exports from its southern terminals so far in August have fallen by about 140,000 barrels per day

Published 27 Aug, 2014 03:53pm

Energy

Brent rises near $103, EIA shows fall in US oil stocks

LONDON: Brent crude oil rose towards $103 a barrel on Wednesday, recovering from a 14-month low hit last week as traders

Published 27 Aug, 2014 03:47pm

Energy

UK gas prices down on slight oversupply, Ukraine-Russia talks

LONDON: British wholesale natural gas prices fell on Wednesday morning in response to slight oversupply and after negoti

Published 27 Aug, 2014 12:40pm

Energy

Oil rises before US crude inventories report

LONDON: Global oil prices climbed on Wednesday as dealers awaited the latest US stockpiles report for clues about demand

Published 27 Aug, 2014 10:40am

Energy

Brent rises near $103, rebounds from lows on North Sea outage

LONDON: Brent crude oil rose towards $103 a barrel on Wednesday, recovering from a 14-month low hit last week as traders

Published 27 Aug, 2014 09:05am

Energy

European stocks continue rally

LONDON: Europe's main stock markets firmed on Tuesday, continuing a rally sparked by dovish comments from the head o

Published 26 Aug, 2014 08:02pm

Energy

North Sea Crude: Differentials fall as Atlantic glut slow to shift

LONDON: North Sea crude oil differentials fell in active dealing on Tuesday on signs that a glut of crude oil in the Atl

Published 26 Aug, 2014 05:54pm

Energy

Urals stronger in Med; Baltic seen tight in early Sept

LONDON: Russian Urals crude prices in the Mediterranean strengthened slightly on Tuesday as traders said the final loadi

Published 26 Aug, 2014 05:16pm

Energy

EU carbon prices slip on weak auction demand

LONDON: European Union carbon prices dipped on Tuesday in a thinly traded market, weighed down by weak demand in an auct

Published 26 Aug, 2014 04:49pm

Energy

Brent rises above $103 after US consumer data

LONDON: Brent crude rose over $103 a barrel on Tuesday as bullish U.S. consumer data overshadowed the effect of persiste

Published 26 Aug, 2014 03:14pm

Energy

Oil prices climb on tensions

LONDON: Oil rose on Tuesday on geopolitical tensions in crude producers Iraq and Libya as well as Ukraine, a key conduit

Published 26 Aug, 2014 02:42pm

Energy

UK gas prices up as cool weather, low Norway flows leave system short

LONDON: British wholesale natural gas and power prices rose on Tuesday morning as relatively cold weather and low import

Published 26 Aug, 2014 12:49pm

Energy

Brent inches up towards $103, supply glut caps gains

LONDON: Brent crude climbed towards $103 a barrel on Tuesday, rising for a second session, although persistent supply pr

Published 26 Aug, 2014 12:35pm

Energy

Statoil to keep Rosneft partnership despite Russia sanctions

OSLO: Norwegian energy group Statoil said on Monday it intended to continue its partnership with Russia's Rosneft, d

Published 25 Aug, 2014 08:39pm

Energy

EU carbon prices edge lower ahead of increased supply

LONDON: European carbon prices edged lower in thin trade on Monday ahead of an increase in supply from government sales

Published 25 Aug, 2014 06:28pm

Energy

Oil slips towards $102, ample supply weighs

LONDON: Oil slipped towards $102 a barrel on Monday, giving up an earlier gain, as ample supply and weak demand countere

Published 25 Aug, 2014 04:00pm

Energy

Oil edges further above $102, supply risks support

LONDON: Oil edged further above $102 a barrel on Monday with support from geopolitical tensions in Ukraine and Libya, al

Published 25 Aug, 2014 09:54am

Energy

Oil prices fall

LONDON: Oil prices fell on Friday amid downbeat Chinese manufacturing data and the low likelihood of supply disruptions

Published 22 Aug, 2014 01:57pm

Energy

Russia's Rosneft to buy into Norway oil driller despite sanctions

MOSCOW/OSLO: Russia's top crude oil producer Rosneft will sell drilling rigs to Norway's North Atlantic Drilling

Published 22 Aug, 2014 11:57am

Energy

Brent weakens below $103 on rising supply, strong dollar

LONDON: Brent crude oil futures drifted lower on Friday, further below $103 a barrel, as a strong dollar and plentiful s

Published 22 Aug, 2014 11:45am

Energy

Oil prices slide on easing supply strains

LONDON: World oil prices dropped on Thursday on fading fears that conflicts in crude producers Libya and Iraq would resu

Published 21 Aug, 2014 03:06pm

Energy

Oil slips below $102, near 14-month low, on ample supply

LONDON: Brent crude oil slipped below $102 a barrel on Thursday, near a 14-month low, on evidence of plentiful fuel supp

Published 21 Aug, 2014 12:50pm

Energy

UK gas prices drop as warmer weather seen for bank holiday weekend

LONDON: Natural gas prices in Britain dropped on Thursday morning as warmer weather and pending long weekend lowered dem

Published 21 Aug, 2014 12:41pm

Energy

Oil falls towards 14-month low near $101 on ample supply

LONDON: Brent crude oil fell towards $101 a barrel on Thursday, just above a 14-month low, on plentiful fuel supplies an

Published 21 Aug, 2014 12:29pm

Energy

Oil prices advance on signs of strong US demand

LONDON: Global oil prices rebounded Wednesday from the previous day's multi-month lows, as dealers digested signs of

Published 20 Aug, 2014 07:34pm

Energy

Oil prices rally from recent losses

LONDON: Oil prices rebounded on Wednesday from the previous day's multi-month lows, as dealers awaited the latest up

Published 20 Aug, 2014 03:54pm

Energy

US crude jumps on expiry, Brent rebounds off 14-month low

LONDON: US crude oil jumped by more than $1 a barrel ahead of the September contract's expiry on Wednesday, while Br

Published 20 Aug, 2014 03:30pm

Energy

US crude oil rises on expiry, EIA stock draw

LONDON: US crude oil rose by more than $1 a barrel ahead of the September contract's expiry on Wednesday and as crud

Published 20 Aug, 2014 03:03pm

Energy

UK gas prices drop on supply increases

LONDON: Natural gas prices in Britain dropped on Wednesday as fresh LNG supply loomed and imports from the Netherlands w

Published 20 Aug, 2014 12:50pm

Energy

Brent crude oil rebounds off 14-month low towards $102

LONDON: Brent crude oil edged higher towards $102 a barrel on Wednesday, after slumping to a 14-month low in the previou

Published 20 Aug, 2014 09:33am

Energy

Oil prices rebound as traders snap up bargain crude

LONDON: World oil prices rebounded on Tuesday on bargain-hunting, one day after tumbling on easing concerns about confli

Published 19 Aug, 2014 01:15pm

Energy

UK gas prices edge upwards on lower Norway flows

LONDON: Natural gas prices in Britain rose slightly on Tuesday morning as colder weather and a drop in flows via the Lan

Published 19 Aug, 2014 12:31pm

Energy

Brent remains close to 14-month lows on weak demand

LONDON: Brent crude oil prices on Tuesday were close to 14-month lows reached the previous day as weak demand and improv

Published 19 Aug, 2014 12:28pm

Energy

Britain's gas trading crown at risk as euro boosts Dutch appeal

LONDON: Britain's dominance in European natural gas trading is under threat from a Dutch trading hub where volumes a

Published 19 Aug, 2014 12:27pm

Energy

Oil slumps to 14-month low in poor start to week

LONDON: Oil prices dived to a 14-month low on Monday, spurred by worries over soft global crude demand, abundant supplie

Published 18 Aug, 2014 07:54pm

Energy

Oil sinks to lowest since June 2013 as supply risks ease

LONDON: Oil fell below $102 a barrel to its lowest in over a year on Monday as investor concerns over conflict in Ukrain

Published 18 Aug, 2014 02:59pm

Energy

Oil prices slide in poor start to week

LONDON: World oil prices fell sharply on Monday, handing back pre-weekend gains on easing supply worries in both Ukraine

Published 18 Aug, 2014 01:13pm

Energy

Rosneft begins oil prospecting off Norway despite sanctions

MOSCOW: Russian state oil giant Rosneft, despite tightening Western sanctions, said Monday it had started exploring for

Published 18 Aug, 2014 12:56pm

Energy

UK gas prices fall as North Sea supply returns, Langeled flows up

LONDON: Natural gas prices in Britain fell on Monday morning as piped Norwegian supply helped offset the shutdown of Emd

Published 18 Aug, 2014 12:08pm

Energy

Oil below $103 on easing geopolitical risks, ample supply

LONDON: Oil fell more than $1 a barrel to trade below $103 on Monday as investor concerns over conflict in Ukraine and I

Published 18 Aug, 2014 11:58am

Energy

Rosneft, Statoil start exploration for oil and gas in Norway

MOSCOW: Russia's Rosneft and Norway's Statoil have embarked on joint exploration for oil and gas on the Norwegia

Published 18 Aug, 2014 09:40am

Energy

Turkish energy minister says Iraqi Kurdistan oil exports continue

ANKARA: Turkish Energy Minister Taner Yildiz said on Monday 6.5 million barrels of Iraqi Kurdish crude oil had been ship

Published 18 Aug, 2014 08:57am

Energy

Turkish energy minister says 6.5mn barrels of Iraqi Kurdish oil exported

ANKARA : Turkish Energy Minister Taner Yildiz said on Monday that 6.5 million barrels of Iraqi Kurdish crude oil had bee

Published 18 Aug, 2014 08:06am

Energy

Oil steadies near 13-month low under $103

LONDON: Brent crude stabilised below $103 a barrel on Friday, close to a 13-month low, on ample supplies of high-quality

Published 15 Aug, 2014 11:43am

Energy

Oil prices in fresh falls

LONDON: Oil prices fell once more on Thursday following a brief pull-back the day before, as the market focused on a wea

Published 14 Aug, 2014 02:24pm

Energy

Oil falls below $104 on steady supply, weak data

LONDON: Brent crude oil fell below $104 a barrel on Thursday as a contraction in the German economy underscored sluggish

Published 14 Aug, 2014 12:36pm

Energy

UK gas prompt prices climb on increased utility demand

LONDON: Prompt natural gas prices in Britain rose on Thursday morning as outages at nuclear plants and lower wind power

Published 14 Aug, 2014 10:39am

Energy

Oil dips toward $104 on steady supply, weak data

LONDON: Brent crude oil fell towards $104 a barrel on Thursday as a contraction in the German economy underscored sluggi

Published 14 Aug, 2014 10:33am

Energy

Brent oil rebounds off 13-month low, US falls on EIA data

LONDON: Brent crude oil bounced off a 13-month low on Wednesday, paring early losses to trade near $103 a barrel as trad

Published 13 Aug, 2014 03:47pm

Energy

Brent crude hits one-year low on weak demand

LONDON: Brent North Sea crude oil dropped to a one-year low point on Wednesday as weak demand expectations help offset p

Published 13 Aug, 2014 01:33pm

Energy

UK gas prices up in tight market on low nuclear, wind output

LONDON: Britain's wholesale natural gas and power prices rose on Wednesday morning as the system was tight due to lo

Published 13 Aug, 2014 12:43pm

Energy

Brent crude oil falls to 13-month low on strong supplies

LONDON: Brent crude oil fell for a fourth straight day on Wednesday to its lowest in more than a year, dropping below $1

Published 13 Aug, 2014 12:13pm

Energy

Oil price hits nine-month low in London

LONDON: Oil prices dropped on Tuesday, with European benchmark Brent falling to a fresh nine-month low point on easing c

Published 12 Aug, 2014 01:39pm

Energy

UK gas prompt ticks up, back end of curve falls

LONDON: Prompt wholesale natural gas prices in Britain ticked up on Tuesday morning on a slightly undersupplied system,

Published 12 Aug, 2014 12:17pm

Energy

Oil hits 9-month low on ample supply despite wars

LONDON: Brent crude oil fell to around $104 a barrel on Tuesday, touching its lowest level in nine months as steady supp

Published 12 Aug, 2014 12:11pm

Energy

Benchmark Brent crude bears the scars of more US oil

LONDON: Prices for international marker crude Brent have been jolted into a new pattern by booming U.S. crude output res

Published 12 Aug, 2014 11:48am

Energy

Oil prices steady amid Iraq air strikes

LONDON: Oil prices steadied on Monday as dealers tracked sustained US air strikes on extremist militants in Iraq who are

Published 11 Aug, 2014 12:52pm

Energy

UK gas prices up on field outage, lower temperatures, Ukraine concern

LONDON: British wholesale natural gas prices rose on Monday morning on the back of an unplanned outage at a North Sea ga

Published 11 Aug, 2014 12:29pm

Energy

Oil below $105 as Iraq pumps crude despite conflict

LONDON: Brent crude oil slipped below $105 a barrel on Monday as U.S. intervention in Iraq eased concerns over the risk

Published 11 Aug, 2014 11:59am

Energy

Putin, launching US-Russia oil project, touts 'pragmatism'

MOSCOW: President Vladimir Putin said Russia is still open for business with Western companies despite sanctions as he c

Published 09 Aug, 2014 03:02pm

Energy

Oil prices rebound as US mulls air strikes in Iraq

LONDON: Oil prices rebounded on Friday as the threat of US air strikes on Iraq triggered fresh worries over supply disru

Published 08 Aug, 2014 01:52pm

Energy

UK gas prices slip on supply but near-term bullish factors seen

LONDON: British natural gas prices declined across the board on Friday as supply trumped demand, but analysts said bulli

Published 08 Aug, 2014 10:39am

Energy

Oil falls towards $104 on supply, sanctions growth impact worry

LONDON: Brent crude oil fell towards $104 a barrel on Thursday as ample supply in global markets was compounded by worri

Published 07 Aug, 2014 12:33pm

Energy

UK gas winter prices rise on Russian supply fears

LONDON: British natural gas prices for delivery next winter rose 2 percent early on Thursday on fears that escalating te

Published 07 Aug, 2014 12:30pm

Energy

Oil falls towards $104 on supply, worries over sanctions impact

LONDON: Brent crude fell towards $104 a barrel on Thursday as worries over the impact of trade sanctions on global econo

Published 07 Aug, 2014 12:12pm

Energy

Statoil's Arctic summer exploration campaign fails

OSLO: Statoil has failed to find any oil in its summer campaign in the Norwegian Arctic, an area which the firm has call

Published 07 Aug, 2014 08:00am

Energy

UK gas wholesale prices firm as concerns about Ukraine mount

LONDON: British wholesale gas prices firmed on Wednesday morning, despite ample flows, on concerns that an escalation of

Published 06 Aug, 2014 12:56pm

Energy

Oil rebounds towards $105 from 9-month closing low

LONDON: Brent crude oil rose towards $105 a barrel on Wednesday, bouncing from its lowest close in nine months after ind

Published 06 Aug, 2014 09:04am

Energy

UK gas prompt prices edge higher on reduced supply

LONDON: British prompt gas prices edged up on Tuesday as an outage at a British processing plant and reduced supply from

Published 05 Aug, 2014 12:37pm

Energy

Oil steady above $105 on geopolitical tension

LONDON: Brent crude oil steadied above $105 a barrel on Tuesday as tensions in the Middle East and North Africa balanced

Published 05 Aug, 2014 08:22am

Energy

Lukoil pulls out of three central Europe states

MOSCOW: Russia largest private oil producer Lukoil said on Monday it was selling its filling stations in three central E

Published 04 Aug, 2014 08:24pm

Energy

Oil prices steady after heavy falls

LONDON: Oil prices steadied on Monday following last week's heavy losses.Brent North Sea crude for delivery in Septe

Published 04 Aug, 2014 04:21pm

Energy

UK gas prompt prices fall on increased supply outlook

LONDON: Prompt prices for wholesale natural gas in Britain fell on Monday on prospects for increased supplies in the com

Published 04 Aug, 2014 12:38pm

Energy

Oil steadies around $105 but surplus still weighs

LONDON: Brent crude oil steadied around $105 a barrel on Monday as worries about global oversupply outweighed concerns o

Published 04 Aug, 2014 12:04pm

Energy

British government to amend subsidy rules to exclude old coal plants

LONDON: The British government will amend the rules of its proposed energy capacity market to exclude long-term subsidie

Published 04 Aug, 2014 11:39am

Energy

Georgian port of Batumi's oil loadings down 19pc this year

TBILISI: Crude oil and refined product shipments from Georgia's Black Sea port of Batumi are down 19.3 percent in th

Published 04 Aug, 2014 11:36am

Energy

Russian daily oil production down in July

MOSCOW: Russian oil output stood at 10.39 million barrels per day (bpd) in July, down from 10.55 million bpd in June, En

Published 02 Aug, 2014 01:11pm

Energy

Oil slips towards $105 on oversupply, weak demand

LONDON: Brent crude oil fell to a two-week low on Friday, slipping towards $105 a barrel as oversupply in the Atlantic b

Published 01 Aug, 2014 01:32pm

Energy

Oil prices extend losses

LONDON: Oil prices fell further on Thursday as concerns eased that fresh Western sanctions on Russia over Ukraine would

Published 31 Jul, 2014 01:25pm

Energy

UK gas prices for Friday edge up ahead of Troll maintenance

LONDON: Prompt prices for wholesale natural gas in Britain firmed on Thursday morning ahead of large-scale North Sea mai

Published 31 Jul, 2014 12:45pm

Energy

Oil slips to $106 on increased supply, low demand

LONDON: Brent crude oil slipped to around $106 a barrel on Thursday as higher OPEC output and disappointing demand in th

Published 31 Jul, 2014 12:24pm

Energy

Oil slide despite geopolitical jitters

LONDON: World oil prices sank on Monday as traders appeared to shrug off geopolitical worries over key crude producing r

Published 28 Jul, 2014 11:50am

Energy

Oil falls below $108 on excess supply, weak demand

LONDON: Brent crude oil slipped below $108 a barrel on Monday as weak demand in Europe and Asia and ample supply in the

Published 28 Jul, 2014 10:51am

Energy

UK gas prices fall on reduced exports and robust LNG supply

LONDON: Wholesale natural gas prices in Britain fell on Monday morning due to oversupply in the market as exports to the

Published 28 Jul, 2014 10:48am

Energy

Hungary says gas flows from Ukraine normal on Monday

BUDAPEST: Russian natural gas flows to Hungary via Ukraine were running normally on Monday morning, Hungarian pipeline o

Published 28 Jul, 2014 08:32am

Energy

Oil slips below $107 as ample supply outweighs risk premium

LONDON: Oil fell below $107 a barrel on Friday as plentiful supply outweighed concerns over conflicts in the Middle East

Published 25 Jul, 2014 03:13pm

Energy

Oil flat around $107 as ample supply offsets risk premium

LONDON: Oil held steady around $107 a barrel on Friday, as plentiful supply countered any premium to prices caused by co

Published 25 Jul, 2014 12:22pm

Energy

Statoil disappoints in Q2 as production falls

OSLO: Norwegian oil giant Statoil stood by its production target for 2014 on Friday despite a second-quarter drop in out

Published 25 Jul, 2014 10:27am

Energy

Rosneft working to limit effects of sanctions, profits jump

MOSCOU: Russia's state-held oil giant Rosneft said on Friday it was working on a plans to reduce the effects of West

Published 25 Jul, 2014 09:43am

Energy

Oil prices slip awaiting Russia sanctions

LONDON: Oil prices turned lower on Thursday as the market took their leads from geopolitical tensions affecting key crud

Published 24 Jul, 2014 01:15pm

Energy

UK gas prices edge up on possible new EU sanctions against Russia

LONDON: Wholesale natural gas prices in Britain rose on Thursday as the threat of economic sanctions on Russia offset am

Published 24 Jul, 2014 11:05am

Energy

Brent oil dips below $108, market well-supplied

LONDON: Brent crude dipped below $108 a barrel on Thursday as unseasonably weak demand from European refiners and plenti

Published 24 Jul, 2014 10:58am

Energy

Oil market firm before US energy report

LONDON: World oil prices edged higher Wednesday in cautious trading and dealmakers monitored the latest newsflow from Uk

Published 23 Jul, 2014 12:04pm

Energy

UK gas near-term prices weaker on oversupply

LONDON: Wholesale natural gas prices in Britain were lower on Wednesday as supply continued to exceed demand.The front-m

Published 23 Jul, 2014 11:14am

Energy

Brent firm above $107; strong dollar offsets global tensions

LONDON: Brent crude steadied above $107 a barrel on Wednesday as a stronger dollar and weak demand offset threats to sup

Published 23 Jul, 2014 10:50am

Energy

Russian gasoline exports down 15.4pc in June vs May

MOSCOW: Russian gasoline and fuel oil exports in June fell by 15.4 percent and 2.0 percent, respectively, on a daily bas

Published 23 Jul, 2014 07:30am

Energy

Oil prices rise on geopolitical tensions

LONDON: Oil prices rose on Tuesday on geopolitical tensions fuelled by a warning of tougher sanctions against Russia and

Published 22 Jul, 2014 01:29pm

Energy

UK gas prices decline as reduced demand leads to over supply

LONDON: Wholesale natural gas prices in Britain fell on Tuesday as weak demand for gas due to warm weather led to oversu

Published 22 Jul, 2014 11:07am

Energy

Oil steadies around $108; focus on Ukraine, US stockpiles

LONDON: Brent crude steadied around $108 a barrel on Tuesday, supported by expectations of large draws in U.S. oil stock

Published 22 Jul, 2014 11:03am

Energy

Oil prices slide further

LONDON: Global oil prices fell further on Monday on concern about an escalation of the Ukraine crisis after the downing

Published 21 Jul, 2014 01:10pm

Energy

European shares led lower by Germany's DAX, sensitive to Ukraine crisis

EDINBURGH: European stocks fell on Monday, hit by a drop in German stocks as sensitivity to tension in Ukraine mounted.G

Published 21 Jul, 2014 11:02am

Energy

Oil steadies around $107 after Iran talks extended

LONDON: Brent crude oil steadied around $107 a barrel on Monday after world powers extended talks with Iran and eased sa

Published 21 Jul, 2014 10:58am

Energy

UK gas prompt prices edge lower on robust supply

LONDON: Prompt natural gas prices in Britain edged lower on Monday morning as robust supply led to a largely balanced sy

Published 21 Jul, 2014 10:52am

Energy

Croatia launches oil, gas exploration tender

ZAGREB: Croatia on Friday launched an international tender for oil and gas exploration in the east of the country that w

Published 18 Jul, 2014 09:29pm

Energy

Shell abandons Qatar gas well

LONDON: Royal Dutch Shell said on Friday that exploration of its majority-owned QSD-1 natural gas well in Qatar did not

Published 18 Jul, 2014 12:56pm

Energy

Oil pushes above $108 on downed airliner, Gaza

LONDON: Brent crude oil climbed above $108 a barrel on Friday, extending sharp gains on heightened geopolitical risk aft

Published 18 Jul, 2014 12:03pm

Energy

Oil market advances on US demand hopes

LONDON: Global oil prices rebounded on Thursday as a bullish US stockpiles report raised hopes of resurgent demand in th

Published 17 Jul, 2014 01:24pm

Energy

UK gas winter prices continue to bounce back from record lows

LONDON: British natural gas prices for delivery next winter continued to rebound from recent record lows on Thursday mor

Published 17 Jul, 2014 10:38am

Energy

Oil market enjoys China-inspired gains

LONDON: Global oil prices rebounded on Wednesday as traders seized on news of stronger-than-expected economic growth in

Published 16 Jul, 2014 07:54pm

Energy

Oil rises on delayed Libyan port restarts, improved China growth

LONDON: US September crude prices gained a dollar to over $100.50 a barrel on Wednesday as data from China showed its ec

Published 16 Jul, 2014 01:04pm

Energy

UK gas spot prices dip on oversupply

LONDON: Spot wholesale natural gas prices in Britain dipped for a second day on Wednesday as an oversupplied system and

Published 16 Jul, 2014 11:07am

Energy

Australia shares close flat, miners offset losses among banks

SYDNEY: Australian shares added 0.1 percent on Wednesday, with gains in big miners underpinned by improving iron ore pri

Published 16 Jul, 2014 07:04am

Energy

UK gas prices ease after return of St Fergus gas terminal

LONDON: Wholesale natural gas prices in Britain dropped on Tuesday morning due to a return to production of North Sea ga

Published 15 Jul, 2014 11:13am

Energy

Brent oil slips below $106.50, ample supplies outweigh Libya strife

LONDON: Brent crude oil slipped below $106.50 a barrel on Tuesday as easing concerns over global supplies offset the imp

Published 15 Jul, 2014 11:06am

Energy

Oil at 3-month low near $106 as supply fears ease

LONDON: Brent crude oil slipped towards $106 a barrel on Monday, its lowest for three months, depressed by signs of impr

Published 14 Jul, 2014 10:47am

Energy

UK gas prices rise on reduced domestic gas production

LONDON: Wholesale natural gas prices in Britain rose on Monday morning due to undersupply caused by a drop in the amount

Published 14 Jul, 2014 10:46am

Energy

Oil slips towards $108, heading for 3rd weekly loss

LONDON: Oil headed for its third straight weekly loss on Friday as worries about supply losses in the Middle East and No

Published 11 Jul, 2014 12:25pm

Energy

Oil slips to 2-month low below $108 on slack US demand

LONDON: Oil fell to a two-month low under $108 a barrel on Thursday, extending its longest losing streak in four years,

Published 10 Jul, 2014 10:51am

Energy

UK gas prices for immediate delivery edge up on short system

LONDON: British wholesale natural gas prices for immediate delivery edged up on Wednesday as the system was slightly und

Published 09 Jul, 2014 11:17am

Energy

Oil at 1-month low below $109 as Libya supply returns

LONDON: Brent crude oil traded at a one-month low under $109 a barrel on Wednesday after a Libyan oilfield restarted and

Published 09 Jul, 2014 11:11am

Energy

Oil prices falter as market looks to Libyan supply resumption

LONDON: Oil prices extended their losing run on Tuesday as dealers awaited the resumption of Libyan crude exports and am

Published 08 Jul, 2014 11:42am

Energy

UK gas prices inch up as demand outstrips supply

LONDON: British spot gas prices edged up on Tuesday morning due to higher demand after touching their lowest level since

Published 08 Jul, 2014 10:50am

Energy

Brent oil hits fresh 1-month low under $110 in 7-day slide

LONDON: Brent crude fell to a fresh one-month low beneath $110 a barrel on Tuesday, as prospects for a rise in Libyan oi

Published 08 Jul, 2014 10:49am

Energy

Greenpeace blocks Chevron's Romanian shale gas site

PUNGESTI: Around 20 Greenpeace activists blocked access to a shale gas exploration site in Romania on Monday, in a third

Published 07 Jul, 2014 09:21pm

Energy

Oil steadies below $111 as supply fears fade

LONDON: Brent crude oil steadied under $111 a barrel on Monday, just above a three-week low, as Libya geared up to resum

Published 07 Jul, 2014 12:55pm

Energy

Oil prices dip on Iraq crisis

LONDON: Oil prices eased on Monday as dealers balanced declining concerns over the jihadist insurgency in Iraq with upbe

Published 07 Jul, 2014 12:07pm

Energy

UK gas spot prices drop to lowest since September 2010

LONDON: British spot gas prices traded at their lowest since September 2010 on Monday morning as healthy supplies clashe

Published 07 Jul, 2014 10:59am

Energy

Oil slips towards $110 as supply fears fade

LONDON: Brent crude oil slipped to a three-week low under $111 a barrel on Monday as Libya geared up to resume oil expor

Published 07 Jul, 2014 10:52am

Energy

Russian gas flows to Europe via Ukraine stable on Monday: Gazprom

MOSCOW: Russia's Gazprom said on Monday Russian gas flows to Europe via Ukraine remained stable.Gazprom cut gas supp

Published 07 Jul, 2014 07:54am

Energy

West Africa Crude-Grades slip further on sluggish demand

LONDON: Nigerian crude oil price differentials remained under pressure on Friday having fallen this week, weighed down b

Published 04 Jul, 2014 03:02pm

Energy

Total to drill Denmark's first shale gas test wells in Dec or Jan

OSLO: French energy major Total plans to drill Denmark's first test wells for shale gas in December or January, with

Published 04 Jul, 2014 12:55pm

Energy

Brent dips below $111 on signs of rising supply

LONDON: Brent futures dipped below $111 a barrel on Friday on the prospect of revived Libyan exports and more US crude s

Published 04 Jul, 2014 12:25pm

Energy

Eni says Milan prosecutors open probe into Nigeria oil block deal

MILAN: Italian oil and gas group Eni said on Friday it had received notice that Milan prosecutors had opened a probe int

Published 04 Jul, 2014 12:04pm

Energy

Oil extends losses as Libyan supplies to return

LONDON: Oil extended losses on Thursday on prospects that Libya will begin exporting more crude into a global market flu

Published 03 Jul, 2014 01:24pm

Energy

UK gas prices continue to slide as warm weather reduces demand

LONDON: British prices for wholesale natural gas continued to decline on Thursday as higher temperatures reduced demand

Published 03 Jul, 2014 11:04am

Energy

Brent dips below $111, Libya says oil crisis is over

LONDON: Brent crude futures dipped below $111 a barrel on Thursday as supply fears began to ease after Libya declared an

Published 03 Jul, 2014 11:02am

Energy

Oil prices lower after US data

LONDON: Oil prices fell on Wednesday, hit by the prospect of higher Libyan output but losses were capped by a bigger-tha

Published 02 Jul, 2014 05:32pm

Energy

UK gas prices for winter delivery drop to record lows

LONDON: British wholesale natural gas prices for delivery next winter dropped to record lows on Wednesday morning as the

Published 02 Jul, 2014 10:59am

Energy

Oil steadies above $112 on supply fears

LONDON: Brent crude oil steadied above $112 a barrel on Wednesday as fighting in Iraq heightened concerns over the count

Published 02 Jul, 2014 10:57am

Energy

Oil falls towards $111 on possible Libya ports deal

LONDON: Oil fell towards $111 a barrel on Wednesday, its lowest in almost three weeks, on a possible substantial recover

Published 02 Jul, 2014 10:47am

Energy

Oil market slides on profit taking, Iraq

LONDON: World oil prices sank further on Tuesday on profit taking and a lack of developments on the Iraq crisis, analyst

Published 01 Jul, 2014 06:31pm

Energy

Oil market mixed on China, Iraq developments

LONDON: World oil prices diverged on Tuesday, as traders tracked Chinese manufacturing data and violence in Iraq.US benc

Published 01 Jul, 2014 01:03pm

Energy

Oil holds above $112 as China data boosts demand

LONDON: Brent oil held above $112 per barrel on Tuesday as investors took heart from upbeat manufacturing data in China

Published 01 Jul, 2014 11:54am

Energy

Bulgaria hikes electricity prices, cuts natural gas

SOFIA: Bulgaria raised electricity prices by an average of 2 percent on Tuesday aiming to keep politically sensitive cos

Published 01 Jul, 2014 06:57am

Energy

Dutch NGO says mines sponsored Colombian paramilitaries

THE HAGUE: A Dutch non-governmental group on Monday accused two coal mining companies in Colombia's restive northeas

Published 30 Jun, 2014 07:43pm

Energy

Statoil delays its decision on Barents Sea oil field

OSLO: Norwegian oil company Statoil said on Monday it would postpone to 2015 its decision on whether to operate a large

Published 30 Jun, 2014 06:00pm

Energy

Oil slips below $113 as Iraq supply concern eases

LONDON: Brent crude oil dropped below $113 a barrel on Monday as fears of a disruption to oil output from Iraq receded a

Published 30 Jun, 2014 11:19am

Energy

Hungary says gas flows from Ukraine normal on Monday

BUDAPEST: Natural gas flows to Hungary from Ukraine were running normally on Monday morning, a spokeswoman for Hungarian

Published 30 Jun, 2014 08:50am

Energy

Statoil postpones decision on Castberg field development

OSLO: Statoil has postponed a decision on the development concept for its flagship Johan Castberg Arctic oil project unt

Published 30 Jun, 2014 07:27am

Energy

Russia's Gazprom plans to finance pipeline to China on its own

MOSCOW: Russia's Gazprom plans to build a gas pipeline to China using its own financial resources, Deputy CEO Vitaly Mar

Published 27 Jun, 2014 12:14pm

Energy

Russia's Rosneft signs further oil products supply deal with BP

KHABAROVSK/MOSCOW: Rosneft signed on Friday its second major agreement with BP since sanctions were imposed on the Russi

Published 27 Jun, 2014 12:07pm

Energy

Oil prices stable before weekend

LONDON: Global oil prices steadied Friday after lacklustre US economic data that has fuelled bearish sentiment about dem

Published 27 Jun, 2014 11:35am

Energy

Oil slips towards $113 as Iraq export fears recede

LONDON: Brent crude oil fell on Thursday, as fears over conflict causing export disruption from Iraq, OPEC's second-

Published 26 Jun, 2014 03:55pm

Energy

Denmark cuts 5-year view for oil and gas production

COPENHAGEN: The Danish Energy Agency (DEA) on Thursday cut its outlook for the country's oil and gas production over

Published 26 Jun, 2014 01:32pm

Energy

Russia's Lukoil sees Iraq's WQ-2 oil output peaking in 2019

MOSCOW: Russia's No.2 crude oil producer Lukoil expects oil production to peak at Iraq's giant West Qurna-2 oilf

Published 26 Jun, 2014 01:27pm

Energy

Britain's Q1 natural gas imports at five-year low

LONDON: Britain's natural gas imports in the first quarter of the year were at their lowest for five years as mild w

Published 26 Jun, 2014 01:19pm

Energy

Oil steady around $114 as Iraq exports in focus

LONDON: Brent crude oil held steady near $114 a barrel on Thursday, with traders watching developments in Iraq for the p

Published 26 Jun, 2014 01:15pm

Energy

Oil slip towards $113 as Iraq export fears recede

LONDON: Brent crude oil fell on Thursday, as fears about conflict causing export disruption from Iraq, OPEC's second

Published 26 Jun, 2014 12:26pm

Energy

Oil prices trade mixed

LONDON: Oil prices diverged on Wednesday with Brent falling on profit-taking but New York crude rising on bright data an

Published 25 Jun, 2014 02:48pm

Energy

Oil falls below $114 but Iraq conflict underpins prices

LONDON: Brent crude oil slipped below $114 a barrel on Wednesday as fears of supply disruption in Iraq receded and after

Published 25 Jun, 2014 01:07pm

Energy

Oil falls below $114 but Iraq conflict curbs losses

LONDON: Brent crude slipped below $114 a barrel on Wednesday as the risk of supply disruption in Iraq appeared to recede

Published 25 Jun, 2014 10:21am

Energy

Russia's Gazprom says gas flows to Europe via Ukraine stable

MOSCOW: Russian gas flows to Europe via Ukraine were stable on Wednesday amid a pricing standoff between Moscow and Kiev

Published 25 Jun, 2014 07:46am

Energy

Oil markets poised for record as Iraq crisis deepens

LONDON: Oil markets have staged only a muted reaction to the bloody insurgency gripping OPEC's number two producer I

Published 25 Jun, 2014 05:07am

Energy

Oil prices hold firm

LONDON: World oil prices edged higher on Tuesday, holding close to recent peaks amid ongoing concerns over violence in c

Published 24 Jun, 2014 04:47pm

Energy

Oil drops below $114 as Iraq supply concerns eases

LONDON: Oil slipped below $114 a barrel on Tuesday, retreating further from a nine-month high, as concerns eased that es

Published 24 Jun, 2014 12:58pm

Energy

Oil back above $114, Iraq and supply concerns support

LONDON: Oil edged back above $114 a barrel on Tuesday, halting its decline from a nine-month high, supported by fighting

Published 24 Jun, 2014 12:11pm

Energy

Russia's Gazprom says gas flows to Europe via Ukraine stable

MOSCOW: Russian gas flows to Europe via Ukraine were stable on Tuesday amid a pricing standoff between Moscow and Kiev,

Published 24 Jun, 2014 07:47am

Energy

Hungary says gas flows from Ukraine normal on Tuesday

BUDAPEST: Natural gas flows to Hungary from Ukraine were running normally on Tuesday morning, Hungarian pipeline operato

Published 24 Jun, 2014 06:14am

Energy

Oil firm DNO declares force majeure in Yemen

OSLO: Norwegian oil firm DNO is declaring force majeure in Yemen, where it produces oil, the firm said on Monday. "DNO h

Published 24 Jun, 2014 06:12am

Energy

Brent crude holds near $115 on Iraq supply worries

LONDON: Brent crude held near $115 a barrel on Monday, supported by worries about potential disruptions to supply from I

Published 23 Jun, 2014 12:23pm

Energy

Russia's Gazprom says gas flows to Europe via Ukraine stable

MOSCOW: Russian gas flows to Europe via Ukraine were stable on Monday amid pricing standoff between Moscow and Kiev, Rus

Published 23 Jun, 2014 08:10am

Energy

Oil price risks put inflation back in focus

BRUSSELS: Iraq will be foremost in investors' minds in the coming week as oil price risk has returned to markets, co

Published 22 Jun, 2014 08:39am

Energy

UK GAS: Prices down as warm weather saps demand

LONDON: British wholesale natural gas prices fell on Friday morning on weak demand due to warmer temperatures and health

Published 20 Jun, 2014 01:25pm

Energy

Oil near $115, heads for 2nd weekly gain on Iraq fighting

LONDON: Oil held near $115 a barrel on Friday, close to a nine-month high, and was headed for its second weekly gain on

Published 20 Jun, 2014 01:04pm

Energy

Norway govt says won't cut Statoil stake

OSLO: Norway's right wing government said it will not cut its stake in oil and gas firm Statoil, despite suggestions

Published 20 Jun, 2014 01:01pm

Energy

Oil hits nine-month high near $115 on Iraq turmoil

LONDON: Brent crude hit a nine-month high near $115 a barrel on Thursday on concerns heavy fighting in Iraq could limit

Published 19 Jun, 2014 10:43am

Energy

UK GAS: Prices slip as warm weather forecast dents demand

LONDON: British wholesale natural gas prices fell on Thursday morning after a warm weather forecast for the rest of June

Published 19 Jun, 2014 08:57am

Energy

BP reports flaring at Rotterdam refinery following power outage

LONDON: BP reported flaring at its 400,000-barrel-per-day Rotterdam refinery on Tuesday night following a general power

Published 18 Jun, 2014 08:45am

Energy

Enel aims to sell East Europe assets to meet debt target

ROME: Italy's biggest utility Enel aims to sell assets in Eastern Europe to meet its debt reduction target, a source

Published 18 Jun, 2014 07:35am

Energy

Russia's Gazprom says gas flows to Europe via Ukraine stable after blast

MOSCOW: Russian gas flows to Europe via Ukraine were stable on Wednesday after an explosion on an Ukrainian pipeline, Vi

Published 18 Jun, 2014 06:31am

Energy

Oil flat as Iran relations thaw offsets Iraq fears

LONDON: Oil was steady at around $113 per barrel on Tuesday, as signs of a thaw in relations between Iran and the West o

Published 17 Jun, 2014 04:21pm

Energy

Rosneft tenders up to 1mn tonnes of Urals in July-trade

MOSCOW: Russian state oil major Rosneft is seeking to sell from 0.44 million to 0.98 million tonnes of Urals crude oil v

Published 17 Jun, 2014 03:54pm

Energy

Oil prices dip, losses capped by Iraq fears

LONDON: Global oil prices eased Tuesday, but losses were limited as investors continued to fret over potential supply di

Published 17 Jun, 2014 02:21pm

Energy

Iraqi Kurdistan targets oil output of 400,000 bpd by year-end

LONDON: Iraq's automonous Kurdistan region wants to hike oil exports to 400,000 barrels per day by the end of 2014,

Published 17 Jun, 2014 02:18pm

Energy

Norway's oil output down 14 pct in May vs April

OSLO: Norway's oil production fell by about 14 percent in May from the previous month due to planned field maintenan

Published 17 Jun, 2014 01:14pm

Energy

Iraqi Kurds plan to continue oil exports, reach budget allocation

LONDON: Iraqi Kurdistan's natural resources minister said on Tuesday the region plans to continue oil exports and wi

Published 17 Jun, 2014 12:46pm

Energy

Oil eases on Iran relations but supply concerns persist

LONDON: Oil futures fell towards $112 per barrel on Tuesday, pressured by signs of a thaw in relations between Iran and

Published 17 Jun, 2014 12:36pm

Energy

Iraq's oil growth at risk as demand, for now, accelerates

LONDON: Iraq's oil growth targets look increasingly at risk, the International Energy Agency said, as threats to sup

Published 17 Jun, 2014 12:26pm

Energy

Angola oil exports to rise to 1.68 million bpd in August

LONDON: Angolan crude oil exports will rise to 1.68 million barrels per day in August, a provisional shipping list showe

Published 17 Jun, 2014 12:11pm

Energy

Russia's Gazprom says gas flows to Europe via Ukraine stable on Tuesday

MOSCOW: Russian gas flows to Europe via Ukraine were stable on Tuesday, a Gazprom spokesman said, a day after Moscow cut

Published 17 Jun, 2014 08:54am

Energy

Oil rally pauses on profit taking, supply concern persists

LONDON: Oil futures dipped towards $112 per barrel on Tuesday, with investors booking profits after a rapid spike in pri

Published 17 Jun, 2014 08:43am

Energy

Shell to cut Woodside holding by US$5bn

SYDNEY: Royal Dutch Shell on Tuesday said it will reduce its stake in Woodside Petroleum, selling Aus$5.3 billion (US$5.

Published 17 Jun, 2014 07:57am

Energy

BP says to sign $20bn gas supply contract with China

MOSCOW: British energy giant BP will sign a long-term deal with Chinese state-owned peer CNOOC in London on Tuesday to s

Published 17 Jun, 2014 06:54am

Energy

BP says operations in Iraq so far unaffected by violence

MOSCOW: BP chief executive Bob Dudley said on Tuesday the oil company's operations in Iraq were so far unaffected by

Published 17 Jun, 2014 06:07am

Energy

Germany's Jan-April gas import bill down 10.1pc yr/yr

FRANKFURT: Germany's natural gas import bill for the four months of the year fell 10.1 percent year-on-year on lower

Published 16 Jun, 2014 04:16pm

Energy

Gas prices jump as Russia cuts supplies to Ukraine

LONDON: British wholesale natural gas prices rose up to 5 percent on Monday as Russia cut supplies to Ukraine over a gas

Published 16 Jun, 2014 04:15pm

Energy

Kurdistan wants up to a quarter of Iraq oil revenue

ARBIL: The Kurdistan Regional Government believes its share of total Iraqi oil sales should be as high as 25 percent, th

Published 16 Jun, 2014 04:05pm

Energy

Euro coal prices ease as Ukraine gas cut fails to lift demand

LONDON: European physical coal prices declined on Monday afternoon, as a cut in Russian gas supplies to Ukraine failed t

Published 16 Jun, 2014 03:56pm

Energy

Europe gasoline/naphtha cracks strengthen with refinery cuts

LONDON: Gasoline refining margins in northwest Europe rose slightly on Monday as supplies were expected to tighten after

Published 16 Jun, 2014 03:34pm

Energy

Oil market climbs on Iraq worries

LONDON: Oil prices rose Monday, but Brent crude held under last week's nine-month peak, as traders mulled the impact

Published 16 Jun, 2014 02:52pm

Energy

US beats China's oil demand growth in 2013: BP

LONDON/MOSCOW: Oil demand in the United States grew at the fastest pace in the world in 2013, outstripping China for the

Published 16 Jun, 2014 01:33pm

Energy

Brent up near $113 on supply worries as Iraq violence rises

LONDON: Brent crude was up near $113 a barrel on Monday after a strong rally last week, as insurgents advanced in Iraq,

Published 16 Jun, 2014 01:04pm

Energy

UK gas prices jump as Russia cuts supplies to Ukraine

LONDON: British spot wholesale gas prices jumped 5 percent on Monday as Russia cut supplies to Ukraine over a gas pricin

Published 16 Jun, 2014 01:00pm

Energy

EU warns of winter gas shortages after Ukraine talks fail

VIENNA: EU Energy Commissioner Guenther Oettinger warned Monday that the bloc may face gas shortages this winter after s

Published 16 Jun, 2014 09:35am

Energy

BP is continuing business as usual in Russia

MOSCOW: BP chief executive Bob Dudley said on Monday the company was continuing business as usual in Russia, which has b

Published 16 Jun, 2014 07:49am

Energy

Russia's Gazprom says Ukraine fails to pay debt by deadline

MOSCOW: Russian gas exporter Gazprom said on Monday Ukraine had failed to pay at least part of its gas debts by a 0600 G

Published 16 Jun, 2014 06:41am

Energy

Russia's Gazprom says prepares for gas talks in Kiev

MOSCOW: Russia's top natural gas producer Gazprom is preparing for gas talks with Ukraine, a spokesman for the compa

Published 14 Jun, 2014 09:51am

Energy

Turkmen gas-fuelled GDP rises 10.3pc in Jan-May

ASHGABAT: The growth of Turkmenistan's gross domestic product (GDP) accelerated to 10.3 percent year-on-year in Janu

Published 14 Jun, 2014 09:50am

Energy

UK GAS: Prices jump as Ukraine braces for Russian gas cuts

LONDON: British wholesale gas prices jumped on Friday afternoon after Ukraine's prime minister told his country to b

Published 13 Jun, 2014 04:18pm

Energy

Norway strike could cut oil output by 100,000 bpd

OSLO: Norway's oil production could be cut by around 7 percent from the middle of next week if trade unions represen

Published 13 Jun, 2014 01:04pm

Energy

Russia plans no Ukraine gas talks before Monday cutoff deadline

MOSCOW: Russia said on Friday it would hold no new talks with either the European Union or Ukraine before early Monday,

Published 13 Jun, 2014 10:00am

Energy

Oil prices rally on Iraq violence

LONDON: Oil prices climbed on Thursday on rising concerns that turmoil in Iraq will disrupt Middle East supplies, analys

Published 12 Jun, 2014 03:11pm

Energy

UK gas prompt prices steady on balanced system after big rise

LONDON: British wholesale gas prices were steady on Thursday as a balanced system helped the market consolidate after po

Published 12 Jun, 2014 01:51pm

Energy

Brent oil jumps more than $2 on escalating Iraq violence

LONDON: Brent crude jumped more than $2 to over $112 a barrel on Thursday on worries that escalating violence in Iraq co

Published 12 Jun, 2014 01:34pm

Energy

Norway's oil investments to fall in 2015, weigh on economy

OSLO: Norway's oil and gas investments, a key economic growth factor, will fall sharply in 2015, an official survey

Published 12 Jun, 2014 01:17pm

Energy

Global oil prices rise on escalating Iraq violence

LONDON: Brent crude oil climbed towards $112 a barrel on Thursday on worries that escalating violence in Iraq could disr

Published 12 Jun, 2014 12:51pm

Energy

Oil prices higher after OPEC decision

LONDON: Oil futures rose on Wednesday with OPEC deciding to maintain its oil output target and as traders looked ahead t

Published 11 Jun, 2014 04:10pm

Energy

Oil hits $110 per barrel on Iraq supply disruption fears

LONDON: Oil futures rose to $110 a barrel on Wednesday as violence in Iraq prompted worries about the supply outlook, wh

Published 11 Jun, 2014 02:09pm

Energy

Libya ready for quick oil output boost if order restored

VIENNA: Libya is aiming for an oil output target of 800,000-900,000 barrels per day if output is restored soon, its Oil

Published 11 Jun, 2014 01:58pm

Energy

OPEC agrees to renew 30mn bpd oil output ceiling: Nigeria

VIENNA: OPEC has agreed to renew for the second half of 2014 its oil production ceiling of 30 million barrels a day, Nig

Published 11 Jun, 2014 01:25pm

Energy

Oil climbs above $110 on Iraq supply disruption fears

LONDON: Oil futures rose above $110 a barrel on Wednesday as violence in Iraq prompted worries about the supply outlook,

Published 11 Jun, 2014 12:38pm

Energy

Romanian gas producers to trade part of output on bourse

BUCHAREST: Romanian gas producers will have to trade a part of their output on the bourse from July, with gas suppliers

Published 11 Jun, 2014 12:29pm

Energy

Russia's Lukoil says West Qurna-2 oil output above 200,000 bpd

MOSCOW: Russian top oil producer Lukoil is producing more than 200,000 barrels per day at its West Qurna-2 oilfield in I

Published 11 Jun, 2014 12:23pm

Energy

Gazprom moves gas prepayment deadline for Ukraine to June 16

MOSCOW: Russia's Gazprom has moved a deadline for Ukraine to start paying in advance for natural gas supplies to nex

Published 11 Jun, 2014 05:31am

Energy

Oil prices rise on eve of OPEC meeting

LONDON: Oil prices rose further on Tuesday, the eve of OPEC's meeting to decide on crude output levels, while energy

Published 10 Jun, 2014 03:17pm

Energy

Russian Pacific port raises 2014 crude oil export forecast

MOSCOW: Russia's Pacific port of Kozmino plans to export 24.6 million tonnes of oil this year (494,000 barrels per d

Published 10 Jun, 2014 12:11pm

Energy

Eni enters offshore exploration right permit in South Africa

MILAN: Eni has agreed to buy a 40 percent interest in an exploration permit granting rights to explore an offshore area

Published 10 Jun, 2014 08:50am

Energy

Gas producers must lower price or face coal's encroachment

MILAN: Global growth in natural gas demand could be derailed by a glut of cheap coal unless gas producers succeed in mak

Published 10 Jun, 2014 08:47am

Energy

Oil around $110 on tight supply, buoyant demand

LONDON: Brent crude steadied around $110 a barrel on Tuesday, supported by tight supply and hopes of healthy demand grow

Published 10 Jun, 2014 08:43am

Energy

Oil prices at the right level for OPEC

VIENNA: Oil prices are at a suitable level for OPEC members and the group sees no shortage in supply, the United Arab Em

Published 10 Jun, 2014 07:42am

Energy

Oil prices higher on China trade data

LONDON: Oil prices rose solidly on Monday, boosted by robust Chinese trade figures and a solid US jobs report that boost

Published 09 Jun, 2014 01:53pm

Energy

Oil rises above $109 on strong global growth

LONDON: Brent crude oil rose above $109 a barrel on Monday as strong Chinese trade data and US jobs figures pointed to h

Published 09 Jun, 2014 08:34am

Energy

Spot gas prices decline as flows increase

LONDON: British spot gas contracts fell on Monday morning as oversupply put pressure on prices. The day-ahead contract w

Published 09 Jun, 2014 08:33am

Energy

Bulgaria has not given up on South Stream: energy minister

SOFIA: Bulgaria has not given up plans to build the South Stream pipeline delivering Russian natural gas to Europe and s

Published 09 Jun, 2014 08:10am

Energy

Russian gas flows to Europe via Ukraine stable on Monday

MOSCOW: Russia's Gazprom said on Monday gas flows to Europe via Ukraine remained stable.Russia's Gazprom and Ukr

Published 09 Jun, 2014 06:36am

Energy

Spain's Gas Natural to sell telcos affiliate to Cinven

MADRID: Spanish utility Gas Natural said on Monday it had agreed to sell its telecommunications affiliate to private equ

Published 09 Jun, 2014 06:33am

Energy

Brent oil steadies near $109, buoyed by economic optimism

LONDON: Brent crude oil steadied near $109 a barrel on Friday, buoyed by optimism that monetary stimulus in the euro zon

Published 06 Jun, 2014 02:18pm

Energy

Oil climbs after ECB rate cuts

LONDON: Oil prices advanced on Friday after the European Central Bank (ECB) announced an unprecedented cut in interest r

Published 06 Jun, 2014 11:52am

Energy

Oil falls to 3-week low on Ukraine hopes, stronger dollar after ECB

LONDON: Oil fell to a three-week low below $108 a barrel on Thursday as worries about risks to supply caused by violence

Published 05 Jun, 2014 03:48pm

Energy

Oil prices dip on easing Ukraine tensions

LONDON: Oil prices fell Thursday on easing concerns over potential supply disruptions after Russian President Vladimir P

Published 05 Jun, 2014 02:27pm

Energy

Rosneft's Sechin says may speed up Arctic exploration with Exxon

ASTRAKHAN: Rosneft, the world's top listed oil producer, and U.S. major ExxonMobil may start exploring Russia's

Published 05 Jun, 2014 12:44pm

Energy

Statoil sticks to 2016 cost savings plan

OSLO: Statoil is sticking to its 2016 cost-cutting plans and has no public cost-saving target for 2020, it said after Bl

Published 05 Jun, 2014 12:19pm

Energy

Oil falls to 3-week low under $108 on hopes for Ukraine talks

LONDON: Oil fell to a three-week low below $108 a barrel on Thursday as worries about risks to supply caused by violence

Published 05 Jun, 2014 09:08am

Energy

Urals rebound in south despite still weak margins

LONDON: Russian Urals firmed in the Mediterranean on Wednesday, reversing a decline which saw prices hit 15-month lows a

Published 04 Jun, 2014 07:07pm

Energy

Brent above $109, WTI rises $1 after US oil stock data

LONDON: Brent crude rose above $109 a barrel on Wednesday and U.S. crude jumped by $1 a barrel following a sharper-than-

Published 04 Jun, 2014 03:50pm

Energy

Oil prices rise ahead of US supply report

LONDON: Oil prices edged higher on Wednesday as investors awaited the latest US supply report for clues about demand in

Published 04 Jun, 2014 02:28pm

Energy

Brent above $109 before US oil stocks data, ECB decision

LONDON: Brent crude rose above $109 a barrel on Wednesday following a sharper-than-expected drop in U.S. oil inventories

Published 04 Jun, 2014 12:42pm

Energy

Oil prices steady

LONDON: Oil prices steadied on Tuesday as traders weighed ample supplies against data pointing to solid demand from the

Published 03 Jun, 2014 04:04pm

Energy

Brent slips towards $108 as weak refining demand bites

LONDON: Brent crude oil futures slipped towards $108 a barrel on Tuesday, reflecting weak European demand, but reasonabl

Published 03 Jun, 2014 10:45am

Energy

Russia, Ukraine may continue gas talks on Tuesday: Gazprom

MOSCOW: Russia and Ukraine could continue gas talks on Tuesday, a spokesman for Russian exporter Gazprom said, adding th

Published 03 Jun, 2014 07:52am

Energy

Oil prices rise on strong Chinese manufacturing data

LONDON: Oil prices climbed on Monday as data showing strong Chinese manufacturing activity fuelled hopes of a pick-up in

Published 02 Jun, 2014 02:07pm

Energy

Brent oil falls toward $109 on stronger dollar, OPEC output rise

LONDON: Brent crude oil futures fell towards $109 a barrel on Monday, weighed down by a stronger dollar and data showing

Published 02 Jun, 2014 12:53pm

Energy

Brent climbs towards $110, China data revives demand hopes

LONDON: Brent crude futures rose towards $110 a barrel on Monday as data showing China's factory activity expanded a

Published 02 Jun, 2014 10:22am

Energy

NORWAY GAS: Flows drop to France, Britain on gas field outage

OSLO: Norwegian gas exports fell on Monday morning from Friday's average, with deliveries to France dropping the mos

Published 02 Jun, 2014 07:05am

Energy

Gazprom pushes back Ukraine gas ultimatum to June 9 after payment

MOSCOW: Russia's Gazprom has pushed back its ultimatum to Ukraine on imposing pre-payment for gas to June 9 after re

Published 02 Jun, 2014 07:01am

Energy

Russian daily oil production down for fifth month in a row

MOSCOW: Russian oil output edged down to 10.53 million barrels per day (bpd) in May from 10.54 million bpd in April, dec

Published 02 Jun, 2014 05:43am

Energy

Crude prices drop after recent gains

LONDON: Oil prices fell on Friday as traders took a breather after recent gains, but signs of stronger US gasoline deman

Published 30 May, 2014 12:18pm

Energy

Spain okays Repsol plan for Canary Islands exploration

MADRID: The Spanish government on Thursday gave oil giant Repsol the green light to explore for oil and gas off the coas

Published 30 May, 2014 06:39am

Energy

Gazprom says gas flows to Europe via Ukraine remain stable

MOSCOW: Russian natural gas exports to European nations via Ukraine remained stable on Friday, a spokesman for state-con

Published 30 May, 2014 06:22am

Energy

Brent oil rises above $110, EIA gasoline draw supports

LONDON: Brent crude rose above $110 a barrel on Thursday on signs of stronger demand from top oil consumer the United St

Published 29 May, 2014 03:56pm

Energy

Russia's Rosneft to boost jet fuel supplies to Crimea airport

MOSCOW: Rosneft will increase jet fuel supply to Russian airlines at Crimea's Simferopol airport, it said on Thursda

Published 29 May, 2014 02:20pm

Energy

Brent oil rises above $110, US gasoline draw supports

LONDON: Brent crude rose above $110 a barrel on Thursday on signs of stronger demand from top oil consumer the United St

Published 29 May, 2014 01:18pm

Energy

Libya oil output at 155,000 bpd, Zuetina loadings stop

LONDON: Libyan oil output is running at 155,000 barrels per day, a spokesman for the National Oil Corporation said on Th

Published 29 May, 2014 01:06pm

Energy

Oil slips below $110 on profit-taking, stronger dollar

LONDON: Brent crude oil slipped below $110 a barrel on Wednesday, dragged down by a stronger dollar and profit-taking fr

Published 28 May, 2014 04:03pm

Energy

Brent holds above $110 as US data boosts growth hopes

LONDON: Brent crude oil rose on Wednesday, holding above $110 a barrel on renewed optimism about steady demand growth in

Published 28 May, 2014 12:28pm

Energy

Gazprom says gas flows to Europe via Ukraine remain stable

MOSCOW: Russian natural gas exports to European consumer nations via Ukraine remained stable on Wednesday, a spokesman f

Published 28 May, 2014 06:59am

Energy

Norway's oil rig workers reach wage deal, strike threat averted

OSLO: Workers operating oil rigs off Norway reached a deal in wage talks with employers on Wednesday to avert a strike a

Published 28 May, 2014 06:56am

Energy

Urals slump in north, CPC Blend sinks to a discount

LONDON: Russian medium sour Urals prices sank to a 14-month low on Wednesday in a move that surprised many traders, give

Published 28 May, 2014 06:39am

Energy

Oil around $110 on Ukraine, Libya supply worries

LONDON: Brent crude oil steadied just below $110 a barrel on Tuesday on supply worries as the Ukraine government launche

Published 27 May, 2014 01:44pm

Energy

Coal prices drop on weak demand combined with healthy supplies

LONDON: European physical coal prices dropped on Tuesday, continuing a trend that has seen healthy supplies clash with w

Published 27 May, 2014 12:30pm

Energy

Gazprom says gas flows to Europe via Ukraine remain stable

MOSCOW: Russian natural gas exports to European consumer nations via Ukraine remained stable on Tuesday, a spokesman for

Published 27 May, 2014 05:54am

Energy

Brent slips to near $110 after Ukraine election

LONDON: Brent crude eased to near $110 a barrel on Monday, down from last week's two-and-a-half month high, as worri

Published 26 May, 2014 04:21pm

Energy

Brent falls below $110 after Ukraine election

LONDON: Brent crude fell below $110 a barrel on Monday, down from last week's two-and-a-half month high, as worries

Published 26 May, 2014 12:36pm

Energy

Rosneft says may take majority stake in North Atlantic Drilling

MOSCOW: Russia's Rosneft may eventually take a majority stake in North Atlantic Drilling , a subsidiary of Norway&#3

Published 26 May, 2014 07:55am

Energy

Repsol to propose 1 euro/share special dividend

MADRID: Spanish oil major Repsol plans to seek board approval on Wednesday to distribute 1.3 billion euros ($1.8 billion

Published 26 May, 2014 06:51am

Energy

Rosneft, BP agree to explore for hard-to-recover oil in Russia

ST PETERSBURG: Rosneft and BP signed an agreement on Saturday to jointly explore for hard-to-recover oil in Russia, the

Published 24 May, 2014 01:45pm

Energy

Brent steady above $110 as Ukraine, Libya support

LONDON: Brent oil held above $110 a barrel on Friday, supported by the crises in Ukraine and Libya as well as positive e

Published 23 May, 2014 01:45pm

Energy

Turkey begins exporting Iraqi Kurdistan oil

ANKARA: Turkey said Friday that oil from Iraqi Kurdistan was being exported to international markets, a move that could

Published 23 May, 2014 11:30am

Energy

Italy's Eni signs deal with Gazprom to cut gas prices

MILAN: Italian energy major ENI on Friday said it had signed a deal with Russian gas giant Gazprom that will cut gas imp

Published 23 May, 2014 10:28am

Energy

Turkey begins exporting Iraqi Kurdistan oil: minister

ANKARA: Turkey has begun exporting oil supplies from Iraqi Kurdistan to international markets, its energy minister said

Published 23 May, 2014 09:39am

Energy

Polish energy firm plans eurobonds worth up to 2bn euros

WARSAW: Poland's biggest energy firm PGE said on Thursday it has established a eurobond program under which it may i

Published 22 May, 2014 07:19pm

Energy

Oil hits 2-1/2-month high on China data, Libya

LONDON: Brent crude oil hit a 2-1/2-month high above $111 a barrel on Thursday, supported by better-than-expected data o

Published 22 May, 2014 03:58pm

Energy

Oil market slips on profit-taking

LONDON: World oil prices slipped Thursday as dealers took profits from the previous day's bumper gains that were dri

Published 22 May, 2014 01:21pm

Energy

Oil steadies above $110 on U.S. stocks, China data

LONDON: Brent crude oil steadied near a 2-1/2-month high above $110 a barrel on Thursday, supported by better-than-expec

Published 22 May, 2014 12:30pm

Energy

Nigeria Qua Iboe crude oil exports to rise in July

LONDON: Nigeria will export 13 cargoes of Qua Iboe oil, its largest crude stream, in July, or around 401,000 barrels per

Published 22 May, 2014 09:51am

Energy

Russia's Rosneft gearing up for gas exports to Asia

BLAGOVESHENSK: Russia could significantly boost its natural gas sales to Asia if companies other than Kremlin-controlled

Published 22 May, 2014 08:45am

Energy

Oil steadies above $110 on US stocks, China data

LONDON: Brent crude oil steadied near a 2-1/2-month high above $110 a barrel on Thursday, supported by better-than-expec

Published 22 May, 2014 08:43am

Energy

Oil climbs to $110 as U.S. stock draw, Libya violence

LONDON: Oil rose to $110 a barrel on Wednesday, supported by an unexpected decline in U.S. crude inventories last week a

Published 21 May, 2014 03:35pm

Energy

Oil advances before Fed minutes, inventories data

LONDON: World oil prices rose Wednesday as investors awaited minutes from the Federal Reserve's last meeting in addi

Published 21 May, 2014 12:45pm

Energy

Oil climbs to $110 on U.S. stock draw, Libya violence

LONDON: Oil rose to $110 a barrel on Wednesday, supported by an industry report showing U.S. crude inventories had unexp

Published 21 May, 2014 12:19pm

Energy

Oil steady above $109 on Libya unrest; US stocks seen rising

LONDON: Brent oil held steady above $109 a barrel on Tuesday as unrest and low output in OPEC exporter Libya offset down

Published 20 May, 2014 03:07pm

Energy

Oil prices rise on Libya, Ukraine supply concerns

LONDON: Oil prices rose Tuesday as unrest in Libya added to potential energy supply concerns triggered by the Ukraine-Ru

Published 20 May, 2014 12:55pm

Energy

Oil steady above $109 on Libya unrest; US stockpiles seen rising

LONDON: Brent oil held steady above $109 a barrel on Tuesday, as unrest and low output in OPEC exporter Libya offset dow

Published 20 May, 2014 12:03pm

Energy

Brent rises over $110 on Libya violence, fall in output

LONDON: Brent crude rose above $110 a barrel on Monday on renewed concerns over Libya's oil output following some of

Published 19 May, 2014 03:20pm

Energy

Brent rises above $110 on Libya violence, fall in output

LONDON: Brent crude rose above $110 a barrel on Monday on renewed concerns over Libya's oil output following some of

Published 19 May, 2014 12:07pm

Energy

Gazprom says gas flows to Europe via Ukraine remain stable

MOSCOW: Russian natural gas exports to European consumer nations via Ukraine remained stable on Monday, a spokesman for

Published 19 May, 2014 09:04am

Energy

Angola's oil exports to fall to 3-year low

LONDON: Angola plans to export 1.49 million barrels per day (bpd) of crude oil in July, its lowest monthly level in over

Published 16 May, 2014 03:35pm

Energy

Brent rises above $109 on Ukraine tension

LONDON: Brent crude oil rose above $109 a barrel on Friday as tension over Ukraine kept investors on edge, although a gr

Published 16 May, 2014 12:14pm

Energy

Angola oil exports to fall to 1.49 million bpd in July

LONDON: Angola plans to export 1.49 million barrels per day (bpd) of crude oil in July, down from 1.66 million bpd plann

Published 16 May, 2014 12:08pm

Energy

Germany's Jan-March gas import bill down 4pc yr/yr

FRANKFURT: Germany's natural gas import bill for the three months of January through March fell 4 percent year-on-ye

Published 16 May, 2014 11:45am

Energy

Oil climbs higher on Ukraine uncertainty

LONDON: Oil prices advanced Friday as the market won support from the ongoing Ukraine crisis and upbeat data in the Unit

Published 16 May, 2014 11:05am

Energy

Ukraine weighs on oil prices despite IEA demand upgrade

LONDON: Global oil prices nudged lower Thursday, as traders paused after recent gains but kept a keen eye over the lates

Published 15 May, 2014 11:06am

Energy

Oil stays above $110 on Ukraine, supply worries

LONDON: Brent crude stayed above $110 a barrel on Thursday, near a two-and-a-half-week high, bolstered by concerns over

Published 15 May, 2014 08:14am

Energy

Brent rises near to $110 a barrel on Ukraine fighting

LONDON: Brent futures rose above $109.50 a barrel on Wednesday, reaching a two-week high, on the deteriorating situation

Published 14 May, 2014 01:38pm

Energy

Gazprom, CNPC still working out gas price for long-awaited deal

MOSCOW: Gazprom and China's CNPC are pressing ahead with talks to reach agreement on a gas price to secure a long-aw

Published 14 May, 2014 01:36pm

Energy

Rosneft tenders to sell 1.6mn T gasoil from Tuapse

MOSCOW: Russia's largest refiner Rosneft tendered to sell 1.6 million tonnes of 0.6 percent sulphur content gasoil o

Published 13 May, 2014 08:38am

Energy

LNG tanker Aamira heads for northwest Europe, likely Britain

LONDON: The liquefied natural gas (LNG) tanker Aamira is expected to arrive in Britain's South Hook terminal around

Published 13 May, 2014 08:08am

Energy

Russia's Gazprom not looking at asking China to develop gas fields

MOSCOW: Russian state gas company Gazprom is not looking at inviting Chinese companies to develop its gas fields, Deputy

Published 13 May, 2014 08:06am

Energy

German power supplier E.ON says profits down in Q1

FRANKFURT: E.ON, Germany's biggest power supplier, said on Tuesday that its profits fell again in the first quarter,

Published 13 May, 2014 07:27am

Energy

Statoil's gas output down 10.1 mcm on Tuesday

OSLO: Statoil's gas output will be down by 10.1 million cubic meters on Tuesday due to an unexpected decrease in fie

Published 13 May, 2014 06:45am

Energy

OMV cuts 2014 production target on Libya uncertainty

VIENNA: Austrian oil and gas group OMV cut its 2014 production target on Tuesday, saying the security situation in Libya

Published 13 May, 2014 05:36am

Energy

Romania Petrom posts 19.2pc loss in net profit in Q1

BUCHAREST: Romania's top oil and gas company Petrom, controlled by Austria's OMV posted a first-quarter net prof

Published 13 May, 2014 05:34am

Energy

Russia says ready for gas talks with Kiev after Ukraine pays debt

MOSCOW: Deputy Energy Minister Anatoly Yanovsky said on Monday that Moscow is ready for further gas negotiations with Uk

Published 12 May, 2014 09:46am

Energy

Gazprom gas deal with China nearly ready

MOSCOW: Russian Deputy Energy Minister Anatoly Yanovsky said on Monday a long-awaited deal for natural gas producer Gazp

Published 12 May, 2014 08:42am

Energy

European stocks close down

LONDON: European stock markets closed lower on Friday, with London's FTSE 100 sliding 0.36 percent to 6,814.57 point

Published 09 May, 2014 02:53pm

Energy

Oil above $108 on Libyan supply worries, Ukraine

LONDON: Brent crude rose above $108 per barrel on Friday, supported by increased tension in Ukraine and limited supply f

Published 09 May, 2014 02:08pm

Energy

Oil prices rebound on returning Ukraine tensions

LONDON: World oil prices rebounded Friday on supply risks owing to the possibility of a full-blown armed conflict in Ukr

Published 09 May, 2014 12:19pm

Energy

Gazprom says gas flows to Europe via Ukraine remain stable

MOSCOW: Russian gas exports to Europe through Ukraine remained stable on Thursday, a spokesman for state-controlled gas

Published 08 May, 2014 07:08am

Energy

Oil firm DNO exports most of its Tawke output, Q1 lags forecast

OSLO: Oil firm DNO International said the vast majority of its output from its prize Tawke field in northern Iraq was ex

Published 08 May, 2014 07:08am

Energy

Oil prices advance before US energy report, Yellen

LONDON: World oil prices rose Wednesday before the US Department of Energy's crude stockpiles report and testimony i

Published 07 May, 2014 12:14pm

Energy

Brent above $107 on Ukraine, US oil gap narrows on stock draw

LONDON: Brent crude edged further above $107 a barrel on Wednesday, underpinned by rising tensions in Ukraine, though it

Published 07 May, 2014 08:31am

Energy

Repsol sells remaining stake in Argentina's YPF

MADRID: Spanish energy giant Repsol said Wednesday it has sold most of its remaining 12-percent stake in former Argentin

Published 07 May, 2014 07:27am

Energy

Gazprom says gas flows to Europe via Ukraine remain stable

MOSCOW: Russian gas exports to Europe through Ukraine remained stable on Wednesday, a spokesman for state-controlled gas

Published 07 May, 2014 06:16am

Energy

Repsol says makes $622 million capital gain from YPF stake sale

MADRID: Spanish oil major Repsol said it will make a $622 million pretax capital gain from the sale of an 11.86 percent

Published 07 May, 2014 06:11am

Energy

Gazprom says gas flows to Europe via Ukraine remain stable

MOSCOW: Russian gas exports to Europe through Ukraine remained stable on Tuesday, a spokesman for state-controlled gas p

Published 06 May, 2014 10:09am

Energy

Brent rises on Ukraine clashes, Libya uncertainty

LONDON: Brent crude rose above $108 per barrel on Tuesday, supported by clashes across Ukraine and lingering uncertainty

Published 06 May, 2014 09:46am

Energy

Norway's Statoil completes sale of Shah Deniz stake

OSLO: Norway's Statoil has completed the sale of a 10 percent stake in the Azeri Shah Deniz gas project and the Sout

Published 06 May, 2014 07:05am

Energy

Oil edges up towards $109 on Ukraine tensions

LONDON: Oil climbed towards $109 a barrel on Monday as rising tensions in Ukraine added to concern about supplies, thoug

Published 05 May, 2014 09:14am

Energy

Gazprom says gas flows to Europe via Ukraine remain stable

MOSCOW: Russian gas exports to Europe through Ukraine remained stable on Monday, a spokesman for state-controlled gas pr

Published 05 May, 2014 07:02am

Energy

West Africa Crude: Market on hold ahead of Asian tenders

LONDON: Trade in West African oil ground to a near halt on Friday, as sellers awaited the outcome of tenders from Asian

Published 02 May, 2014 03:52pm

Energy

Oil rises nearly $1 as Ukraine hots up

LONDON: Brent crude futures rose by almost $1 to above $108 a barrel on Friday as fighting between Ukraine's army an

Published 02 May, 2014 02:01pm

Energy

Russia to cut gas supply to Ukraine in June if no payment in May

WARSAW: Russia's Gazprom will reduce gas supply to Ukraine in June if it receives no prepayment in May, Russia's

Published 02 May, 2014 01:27pm

Energy

Crude prices fall on easing supply concerns

LONDON: Oil prices dropped on Thursday as high stockpiles in the United States and expected increased output from Libya

Published 01 May, 2014 12:34pm

Energy

Shell profits almost halve on huge impairment charge

LONDON: Royal Dutch Shell's net profits almost halved in the first quarter on a vast impairment charge on its refine

Published 30 Apr, 2014 01:43pm

Energy

Crude prices fall before US data

LONDON: Oil prices fell on Wednesday awaiting official data expected to reveal another increase for US crude stockpiles

Published 30 Apr, 2014 01:28pm

Energy

Plunging ruble sends Rosneft profit down 14pc

MOSCOW: A fast-depreciating ruble and stalled crude production rates led Russia's state-held oil giant Rosneft to po

Published 30 Apr, 2014 01:12pm

Energy

Oil falls towards $108 on supply build, Libya optimism

LONDON: Oil fell towards $108 per barrel on Wednesday pressured by an improving supply outlook with stocks in the United

Published 30 Apr, 2014 08:47am

Energy

Turkey strategic route for European energy markets

ISLAMABAD: Turkey is emerging as a strategic transit route for natural gas after the Ukraine, experts agreed in Washingt

Published 30 Apr, 2014 06:43am

Energy

Shell earnings fall on refineries impairments

LONDON: Royal Dutch Shell reported on Wednesday its first-quarter earnings almost halved from a year ago to $4.5 billion

Published 30 Apr, 2014 06:38am

Energy

Total first-quarter net down 10pc on refining, lower output

PARIS: French oil major Total reported a 10 percent drop in first-quarter net profit to $3.3 billion on Wednesday, dragg

Published 30 Apr, 2014 06:31am

Energy

Statoil reports profit jump with higher prices and cost cuts

OSLO: Norwegian oil giant Statoil almost quadrupled its first quarter profits, the group announced on Tuesday, thanks to

Published 29 Apr, 2014 01:57pm

Energy

Oil rebounds towards $109 although sanctions response muted

LONDON: Oil rebounded towards $109 a barrel on Tuesday a day after prospects of a return of Libyan supply prompted its b

Published 29 Apr, 2014 08:51am

Energy

Sanofi to stick to bolt-on deals amid pharma M&A buzz

PARIS: French drugmaker Sanofi reported lower-than-expected first-quarter earnings on Tuesday and said it would not let

Published 29 Apr, 2014 08:34am

Energy

Eni confirms production outlook as CEO set to bow out

MILAN: Eni confirmed a flat oil and gas production outlook for the year after a 14.3 percent fall in first-quarter profi

Published 29 Apr, 2014 08:26am

Energy

BP Q1 profit slightly ahead of forecasts, raises dividend

LONDON: British oil firm BP posted quarterly profit slightly above forecasts and upped its dividend for the second time

Published 29 Apr, 2014 06:53am

Energy

Gazprom says 2013 net income down to $35.7bn

MOSCOW: Russia's pipeline gas export monopoly Gazprom said on Tuesday its 2013 net profit fell 7 percent to 1.139 tr

Published 29 Apr, 2014 06:49am

Energy

Spain's Enagas Q1 net profit up 5 percent

MADRID: Spanish gas grid operator Enagas on Tuesday posted a 5 percent rise in net profit for the first quarter of the y

Published 29 Apr, 2014 06:02am

Energy

Norway's Statoil Q1 operating profit beats forecast

OSLO: Norwegian oil firm Statoil reported first-quarter earnings above expectations on Tuesday due to higher prices and

Published 29 Apr, 2014 06:01am

Energy

Oil rises towards $110 on Ukraine tensions

LONDON: Brent crude oil rose towards $110 a barrel on Monday, close to a seven-week high, as tensions mounted in eastern

Published 28 Apr, 2014 08:29am

Energy

Oil slips, still near 7-week high on Ukraine crisis

LONDON: Brent crude oil slipped below $110 a barrel on Friday but stayed near seven-week highs as escalating tensions ov

Published 25 Apr, 2014 01:14pm

Energy

Total sees Russia as biggest source of its oil output by 2020

PARIS: France's Total expects the biggest share of its oil and gas output to come from Russia by 2020 and plans to s

Published 23 Apr, 2014 09:00pm

Energy

Medvedev says Russia seeking to diversify gas exports

MOSCOW: Russia is more interested than ever in diversifying destinations for its natural gas exports and is carrying out

Published 22 Apr, 2014 10:17am

Energy

Gazprom says reserves replacement ratio at 1.3 in 2013

MOSCOW: Russia's top natural gas producer Gazprom said on Tuesday the group, which also includes its oil arm Gazprom

Published 22 Apr, 2014 10:00am

Energy

Brent dips below $110 but Ukraine tensions give support

LONDON: Brent futures slipped below $110 a barrel on Tuesday but held near a six-week high as a pact to calm tensions in

Published 22 Apr, 2014 09:54am

Energy

Total says no oil output expected from Kashagan this year

PARIS: French major Total said no oil production was to be expected from the troubled Kashagan project in Kazakhstan thi

Published 22 Apr, 2014 08:12am

Energy

Turkey rising as an energy hub

ISLAMABAD: Turkey's importance in world energy markets is growing-both as a regional energy transit hub and as a con

Published 21 Apr, 2014 08:20am

Energy

Rosneft to sell 2mn T of oil to BP for up to $1.5bn

MOSCOW: The board of Russia's top oil producer, Rosneft, has approved deals to sell more than 2 million tonnes of cr

Published 21 Apr, 2014 05:16am

Energy

Shell commited to Russia expansion despite sanctions

NOVO-OGARYOVO: Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian Presi

Published 18 Apr, 2014 01:56pm

Energy

Rosneft says completes Saratov oil plant maintenance after fire

MOSCOW: Russia's top oil producer Rosneft on Friday said it had completed maintenance at the pumping station of its

Published 18 Apr, 2014 12:39pm

Energy

Total discovers oil in deep offshore Ivory Coast

PARIS: French oil major Total said on Thursday it discovered oil in a deep offshore area west of Ivory Coast. "This well

Published 17 Apr, 2014 06:38am

Energy

Oil prices advance on Ukraine, weak dollar

LONDON: Global oil prices rallied on Wednesday on Ukraine tensions and the weak dollar, and before weekly crude inventor

Published 16 Apr, 2014 09:34pm

Energy

Oil rises close to $110 on mounting Ukraine tension

LONDON: Global oil prices rose close to $110 a barrel on Wednesday due to mounting tensions in Ukraine, but gave up some

Published 16 Apr, 2014 03:51pm

Energy

Oil prices advance on Ukraine, weak dollar

LONDON: Global oil prices rallied on Wednesday on Ukraine tensions and the weak dollar, and before weekly crude inventor

Published 16 Apr, 2014 12:43pm

Energy

Oil prices fall as Libya prepares to resume exports

LONDON: Oil prices fell on Tuesday as Libya readied to resume its crude exports after months of waiting, although a flar

Published 15 Apr, 2014 06:28pm

Energy

Total pushes ahead with $16bn Angolan Kaombo oil project

PARIS: French oil major Total said on Monday it had decided to invest in Angola's Kaombo oil project after lowering

Published 14 Apr, 2014 06:20am

Energy

Ukraine suspends gas payments to Russia until talks conclude

KIEV: Ukraine's state-run energy company Naftogaz has suspended gas payments to Russia until the conclusion of price

Published 12 Apr, 2014 12:08pm

Energy

Billionaire Russian gas trader says US sanctions a badge of honour

MOSCOW: Gennady Timchenko, the billionaire Russian gas trader hit with U.S. sanctions over his alleged ties with the Kre

Published 12 Apr, 2014 12:05pm

Energy

Russia's Timchenko looks east for new gas markets, scoffs at sanctions

MOSCOW: Russia's No.2 gas producer Novatek is exploring with Chinese partners the option of selling them gas in exch

Published 12 Apr, 2014 09:21am

Energy

Trade volumes on Polish gas exchange soar

WARSAW: Poland's gas exchange reported a 435 percent annual rise in trade volume in the first quarter of the year, d

Published 12 Apr, 2014 09:16am

Energy

Crude oil prices extend losses

LONDON: Oil prices extended losses Friday on poorly-received economic data out of China this week that has raised concer

Published 11 Apr, 2014 01:55pm

Energy

Shell drops novel Norwegian subsea gas project, cites costs

OSLO: Royal Dutch Shell has dropped one of Norway's biggest and most innovative industrial projects due to rising co

Published 11 Apr, 2014 12:55pm

Energy

Brent dips near $107 on weaker demand outlook

LONDON: Brent oil futures dipped towards $107 a barrel on Friday following a weaker outlook for 2014 global demand growt

Published 11 Apr, 2014 12:35pm

Energy

Crimea clouds oil market outlook: IEA

PARIS: The global oil market is returning to a rough balance but Russia's annexation of Crimea has clouded the outlo

Published 11 Apr, 2014 09:44am

Energy

Oil prices drop after weak Chinese data

LONDON: Oil prices fell on Thursday after weak Chinese trada data, but losses were curbed by upbeat US demand and linger

Published 10 Apr, 2014 12:42pm

Energy

Urals weakens in the Baltic, opening arb options

LONDON: Russian Urals crude weakened in the Baltic on Wednesday due to a number of unsold cargoes while Kazakh CPC conti

Published 09 Apr, 2014 07:25pm

Energy

Oil prices steady before US data

LONDON: Oil prices steadied on Wednesday following a surge the day before, as traders awaited energy inventory data from

Published 09 Apr, 2014 12:26pm

Energy

Oil market rises on resurgent Ukraine tensions

LONDON: Global oil prices advanced on Tuesday on renewed Ukraine tensions after pro-Russian protesters seized government

Published 08 Apr, 2014 12:19pm

Energy

Brent oil rises above $106 on renewed Ukraine tension

LONDON: Brent crude rose above $106 a barrel on Tuesday as fresh unrest in eastern Ukraine heightened tension between Ru

Published 08 Apr, 2014 10:05am

Energy

Oil slips below $106 as Libya deal eases supply worries

LONDON: Brent crude oil fell below $106 a barrel on Monday, snapping a two-day rise, after Libyan rebels occupying four

Published 07 Apr, 2014 04:07pm

Energy

Plans for EU gas flows to Ukraine could be blocked by Russia

LONDON: Reverse flows of natural gas from Europe to Ukraine to help it handle Russian price increases and supply cuts wo

Published 07 Apr, 2014 03:38pm

Energy

Oil market falls on Libya news

LONDON: Global oil prices weakened on Monday after rebels agreed to reopen two of the four blockaded oil terminals in ea

Published 07 Apr, 2014 12:48pm

Energy

Turkey's LPG market worths US$ 7.5bn

ISLAMABAD: Turkey has a Liquid Petroleum Gas market worth US$ 7.5 billion, said Turkish Energy Minister Taner Yildiz on

Published 07 Apr, 2014 10:44am

Energy

Oil slips below $106 as Libya deal eases supply worries

LONDON: Brent crude oil fell below $106 a barrel on Monday, snapping a two-day winning streak, after Libyan rebels occup

Published 07 Apr, 2014 09:18am

Energy

Kashagan could restart this year if cracks only onshore: minister

ALMATY: Output could restart at Kazakhstan's huge Kashagan oilfield this year if cracks in its pipeline system are o

Published 07 Apr, 2014 07:22am

Energy

Statoil starts production at Gudrun field off Norway

OSLO: Oil firm Statoil started production at its Gudrun field off Norway at 0525 GMT on Monday, the firm said in a state

Published 07 Apr, 2014 06:59am

Energy

Russia seeks over $11bn in 'debt' from Ukraine: Gazprom

MOSCOW: Chairman of Russia's Gazprom Alexei Miller on Saturday said that Ukraine must pay back the full discount it

Published 05 Apr, 2014 08:57am

Energy

Russia's Rosneft says starts surveys in Arctic JV with Exxon

MOSCOW: Russia's top oil producer Rosneft said on Friday it had started geophysical surveys in the eastern Arctic, a

Published 04 Apr, 2014 12:13pm

Energy

Oil rises towards $107, watching Libyan output

LONDON: Brent crude oil rose towards $107 a barrel on Friday as investors cast doubt on the possibility that Libya's

Published 04 Apr, 2014 11:44am

Energy

Oil-drilling plans face stiff resistance in Spain's Ibiza

MADRID: Plans to drill for oil off the Spanish holiday island of Ibiza have met with fierce opposition from locals who f

Published 04 Apr, 2014 06:44am

Energy

Oil slides on prospect of rising Libyan crude supplies

LONDON: Global oil prices sank Thursday on an expected return of Libyan supplies after a months-long disruption in expor

Published 03 Apr, 2014 12:38pm

Energy

Oil market drops before US data

LONDON: Global oil prices sank on Wednesday as traders awaited the key economic data and weekly crude inventories in top

Published 02 Apr, 2014 12:16pm

Energy

Gazprom hikes Ukraine gas export price by over a third

MOSCOW: Russian energy giant Gazprom on Tuesday announced it was hiking the price of gas exports to Ukraine by more than

Published 01 Apr, 2014 06:47am

Energy

Gasoline cracks strong as summer nears

LONDON: Gasoline prompt crack spreads in northwest Europe held around eight-month highs on Monday, boosted by the switch

Published 31 Mar, 2014 05:37pm

Energy

Oil prices fall after strong gains

LONDON: Oil prices fell on Monday as dealers booked profits after strong gains last week fuelled by positive US economic

Published 31 Mar, 2014 12:30pm

Energy

Oil prices higher on US optimism

LONDON: Global oil prices rose on Friday as traders took their cue from upbeat US economic indicators and concerns over

Published 28 Mar, 2014 06:16pm

Energy

Brent oil rises over $108 on promising US data, supply concerns

LONDON: Brent crude oil rose above $108 a barrel on Friday, heading for the first weekly gain in five, on promising US d

Published 28 Mar, 2014 03:27pm

Energy

Eni sells 7pc in Galp Energia for 702.4mn euros

MILAN: Italian energy group Eni said on Friday it had sold a 7 percent stake in Galp Energia for 702.4 million euros ($9

Published 28 Mar, 2014 11:59am

Energy

Brent rises over $108 on promising US data, supply concerns

LONDON: Brent rose above $108 a barrel on Friday, heading for the first weekly rise in five, on promising US data and co

Published 28 Mar, 2014 11:37am

Energy

Statoil finds oil column on far edge of Sverdrup field in N. Sea

OSLO: Norway's Statoil has encountered a 4.5-metre oil column at the Geitungen prospect at the edge of its giant Joh

Published 27 Mar, 2014 07:26am

Energy

Oil prices mixed after US data

LONDON: Oil prices diverged on Wednesday following another large rise in US crude inventories that offset supply disrupt

Published 26 Mar, 2014 07:08pm

Energy

Europe Gasoline barge crack at new 7-month highs

LONDON: The gasoline barge crack in northwest Europe rose to new seven-month highs on Wednesday after inventories data f

Published 26 Mar, 2014 05:29pm

Energy

Europe Gasoline barge crack at new 7-month highs

LONDON: The gasoline barge crack in northwest Europe rose to new seven-month highs on Wednesday after inventories data f

Published 26 Mar, 2014 05:29pm

Energy

Ukraine to hike gas rates by up to 50pc to meet IMF loan demand

KIEV: Ukraine agreed on Wednesday to drastically hike domestic gas prices by up to 50 percent in order to meet a key loa

Published 26 Mar, 2014 04:31pm

Energy

Brent oil rises above $107 on Nigerian supply cut

LONDON: Brent crude oil edged higher above $107 per barrel on Wednesday as disruptions in supply from Nigeria and Libya

Published 26 Mar, 2014 04:09pm

Energy

Shell declares 'force majeure' on Nigeria crude exports

LAGOS: Anglo-Dutch oil giant Shell said Wednesday it had declared a "force majeure" on crude oil exports from Nigeria as

Published 26 Mar, 2014 01:01pm

Energy

UK energy firm SSE to split retail and wholesale arms

LONDON: British utility SSE said on Wednesday it will split its wholesale and retail divisions by March 2015, and will f

Published 26 Mar, 2014 07:33am

Energy

Rosneft repays $10.6bn in loans before time for TNK-BP takeover

MOSCOW: Russia's Rosneft, the world's largest listed oil company by output, said on Tuesday it had repaid some $

Published 25 Mar, 2014 07:09am

Energy

LNG tanker Milaha Qatar to arrive in Belgium around April 9

LONDON: The liquefied natural gas (LNG) tanker Milaha Qatar is expected to arrive at the port of Zeebrugge in Belgium ar

Published 24 Mar, 2014 09:01am

Energy

European physical coal prices rebound

LONDON: European physical coal prices for June delivery rose slightly on Friday in a thinly traded market in reaction to

Published 21 Mar, 2014 06:51pm

Energy

Oil firms keep up Gunvor trade after US sanctions target co-founder

LONDON: Oil companies are reviewing their dealings with Russian commodities trader Gunvor but have not altered their bus

Published 21 Mar, 2014 06:44pm

Energy

Diesel steady on slowing demand, Ukraine tensions

LONDON: European diesel barge differentials held steady on Friday as slowing demand in the region was offset by concerns

Published 21 Mar, 2014 06:38pm

Energy

LNG tanker Mozah to arrive in Britain around April 8 from Qatar

LONDON: The liquefied natural gas (LNG) tanker Mozah is expected to arrive in Britain around April 8 from Qatar, Reuters

Published 21 Mar, 2014 12:16pm

Energy

Brent oil rises near $107 as US expands Russia sanctions

LONDON: Brent crude rose towards $107 per barrel on Friday as fresh US sanctions against Russia, the world's second-

Published 21 Mar, 2014 12:07pm

Energy

Oil slips on easing Ukraine tensions, strong dollar

LONDON: Global oil prices dipped Thursday, hit by easing geopolitical tensions over Ukraine, and also by the strong doll

Published 20 Mar, 2014 01:15pm

Energy

EU carbon rebounds 4.5pc after 7 days of losses

LONDON: European carbon prices rose 4.5 percent on Wednesday, ending seven consecutive days of losses and rebounding as

Published 19 Mar, 2014 05:59pm

Energy

Russia's Rosneft says no plans to cut activity in Ukraine

MOSCOW: Russia's top crude producer Rosneft has no plans to cut its activity in Ukraine, the company said on Wednesd

Published 19 Mar, 2014 09:17am

Energy

Statoil makes small gas discovery in North Sea

OSLO: Oil firm Statoil has made a small gas discovery, containing between 0.5 and 2 million standard cubic metres of rec

Published 19 Mar, 2014 07:50am

Energy

Euro coal prices ease after upward run

LONDON: European physical coal prices for delivery in April fell slightly on Tuesday, levelling off a three-week long tr

Published 18 Mar, 2014 07:05pm

Energy

Diesel gains as strong euro tempts buyers

LONDON: Diesel barge differentials in northwest Europe rose on Tuesday as buyers sought to benefit from weak outright pr

Published 18 Mar, 2014 06:39pm

Energy

Russia's Rosneft considers $66bn rouble bond offer: report

MOSCOW: Russia's biggest oil company Rosneft is considering offering 2.4 trillion rubles ($66.2 billion) in ruble-de

Published 18 Mar, 2014 08:33am

Energy

Statoil gas output down due to Nyhamna outage

OSLO: Norwegian oil and gas firm Statoil expects its gas output to be down 9 million cubic metres per day until midday l

Published 18 Mar, 2014 08:27am

Energy

Rosneft mulls $66bn worth of rouble bond issues

MOSCOW: Russia's top oil producer Rosneft is studying the possibility of issuing bonds worth 2.4 trillion roubles ($

Published 18 Mar, 2014 07:16am

Energy

Nigeria oil diffs supported by Forcados outage

LONDON: Nigerian crude oil differentials remained elevated on Monday by a problem with a key grade having its output cur

Published 17 Mar, 2014 06:32pm

Energy

North Sea Crude-Forties rises as buying interest picks up

LONDON: North Sea Forties crude differentials rose on Monday, rebounding from a decline at the end of last week as three

Published 17 Mar, 2014 05:55pm

Energy

Oil falls below $107 as Ukraine concern eases

LONDON: Global oil prices fell below $107 a barrel on Monday on receding fears of an escalation of tension in Crimea aft

Published 17 Mar, 2014 03:50pm

Energy

Brent falls a dollar as Ukraine concern pauses

LONDON: Brent futures fell more than a dollar to near $107 a barrel on Monday, wiping out earlier gains, after Crimea&#3

Published 17 Mar, 2014 03:41pm

Energy

Crude prices drift lower after Crimea referendum

LONDON: Oil nudged lower Monday as the United States hinted at fresh sanctions against Moscow after Crimea voted in a di

Published 17 Mar, 2014 12:15pm

Energy

Russia's Rosneft to acquire stake in Italy's Pirelli

MILAN: Russia's top oil producer Rosneft is set to acquire an indirect stake in Pirelli after reaching an outline de

Published 17 Mar, 2014 08:56am

Energy

Gazprom considers contract changes to keep European clients

MOSCOW: Russia's top natural gas producer Gazprom is considering making changes to contracts to keep its European cu

Published 17 Mar, 2014 08:34am

Energy

Shell suspends Nigerian Forcados oil exports

LONDON: Shell said on Friday it had suspended third party exports of Nigeria's Forcardos grade of crude oil due to a

Published 14 Mar, 2014 05:52pm

Energy

Oil price pressure to ease despite global tension

LONDON: A surge in supply from Iraq and other oil producers should be more than sufficient to meet growing demand this y

Published 14 Mar, 2014 12:45pm

Energy

Shell to cut Americas upstream spending by 20pc

LONDON: Royal Dutch Shell said on Thursday it was cutting spending on American upstream by a fifth this year after it wa

Published 13 Mar, 2014 07:19am

Energy

Oil prices drop before US data

LONDON: Global oil prices fell on Wednesday on concerns over slowing growth in China, the world's biggest energy con

Published 12 Mar, 2014 03:46pm

Energy

Nigerian oil firm Seplat says will float in London, Lagos

LONDON: Nigeria-focused oil and gas producer Seplat on Tuesday announced plans to issue shares on the London and Lagos s

Published 11 Mar, 2014 08:41am

Energy

Ukraine expects gas price of $368.5 per 1,000 cubic metres from Russia

KIEV: Russia's Gazprom is likely to increase the price Ukraine pays for its gas supplies to $368.5 per 1,000 cubic m

Published 09 Mar, 2014 01:28pm

Energy

Russia won't switch off gas supply to Europe-Oettinger in magazine

BERLIN: European Energy Commissioner Guenther Oettinger does not expect Russia to switch off gas supplies to Europe over

Published 08 Mar, 2014 04:07pm

Energy

Rosneft challenges Gazprom monopoly to export Russian pipeline gas

MOSCOW: Russia's top crude oil producer Rosneft wants to break the monopoly of another state-owned energy champion,

Published 07 Mar, 2014 02:36pm

Energy

Oil slips to $108, eyeing Ukraine, before US jobs report

LONDON: Oil edged lower to around $108 a barrel on Friday as seasonally slowing crude demand and forecasts for only mode

Published 07 Mar, 2014 02:35pm

Energy

Oil prices trade mixed

LONDON: Global oil prices diverged Thursday amid data showing weaker US energy demand as Russia comes under internationa

Published 06 Mar, 2014 03:18pm

Energy

Shell wants Scotland to stay in UK as oil firms opt for stability

LONDON: Royal Dutch Shell has become the second energy heavyweight to urge Scotland to stay in the United Kingdom as the

Published 06 Mar, 2014 02:41pm

Energy

Rosneft halts crude distillation unit at Kuibyshev refinery after fire

MOSCOW: Russia's top oil producer Rosneft has stopped a crude distillation unit for five days at its Kuibyshev refin

Published 06 Mar, 2014 02:38pm

Energy

Brent steadies near $108 on Ukraine

LONDON: Brent crude steadied around $108 a barrel on Thursday as the West and Russia engaged in high-stakes diplomacy to

Published 06 Mar, 2014 01:13pm

Energy

Oil prices recoil on US energy report

LONDON: Global oil prices fell sharply on Wednesday following news of a weak crude demand on the United States, which is

Published 05 Mar, 2014 07:38pm

Energy

Diesel gains as US imports dwindle

LONDON: Diesel barge differentials in northwest Europe rose on Wednesday as imports from the United States were expected

Published 05 Mar, 2014 06:25pm

Energy

Brent oil falls for 2nd day, Crimea rally gains wiped out

LONDON: Brent crude oil futures fell for the second straight session on Wednesday, dropping below $109 a barrel on an ea

Published 05 Mar, 2014 10:00am

Energy

Euro coal prices weakened slightly

LONDON: European physical coal prices weakened slightly on Tuesday as fears of a regional gas supply crisis eased, after

Published 04 Mar, 2014 05:14pm

Energy

RWE posts first full-year loss in 60 years in 2013

FRANKFURT: RWE, Germany's second-biggest power supplier, unveiled Tuesday its first full-year loss in more than 60 y

Published 04 Mar, 2014 07:11am

Energy

Oil-rich Norway considers divesting from fossil fuels

OSLO: Oil-rich Norway said Friday in an ironic twist that it would consider pulling its enormous state oil fund out of o

Published 28 Feb, 2014 05:15pm

Energy

Coal prices inch up but market remains oversupplied

LONDON: European physical coal prices inched up on Friday but low demand due to a mild winter in Europe and increasing s

Published 28 Feb, 2014 04:48pm

Energy

Oil prices retreat

LONDON: Oil prices extended losses on Friday owing to concerns over soft US economic data and the unfolding crisis in Uk

Published 28 Feb, 2014 12:07pm

Energy

Oil prices ease ahead of Yellen testimony

LONDON: Oil prices eased on Thursday as investors await congressional testimony by the US central bank chief for fresh c

Published 27 Feb, 2014 01:19pm

Energy

Value of world CO2 markets to rise two-thirds in 2014

LONDON: The world's carbon markets are estimated to rise in value by two-thirds this year to 64 billion euros ($87.5

Published 26 Feb, 2014 07:03pm

Energy

Oil and gas salaries highest in Europe after UK investment boom: survey

LONDON: Oil and gas workers in Europe last year earned more money than their peers elsewhere in the world as the region

Published 26 Feb, 2014 07:02am

Energy

Oil prices rebound

LONDON: Oil prices rebounded on Monday from earlier losses as traders eyed supply concerns and digested a weekend meetin

Published 24 Feb, 2014 09:00pm

Energy

Gasoline barge price rises, cargo trade brisk

LONDON: Gasoline barge prices rose on Monday, boosted by spot exports of the motor fuel to the United States, where refi

Published 24 Feb, 2014 06:59pm

Energy

India's Essar Energy rejects full takeover bid

LONDON: Indian energy company Essar rejected on Monday a full takeover bid from its majority owner Essar Global Fund Lim

Published 24 Feb, 2014 09:43am

Energy

EU carbon prices ended above

LONDON: EU carbon prices ended above 7 euros for the third consecutive day on Friday as traders were reluctant to sell p

Published 21 Feb, 2014 06:22pm

Energy

North Sea Forties crude traded three-month low

LONDON: North Sea Forties crude traded at a three-month low on Friday as refiners tried to offload unwanted barrels ahea

Published 21 Feb, 2014 06:07pm

Energy

Oil markets retreat after upbeat week

LONDON: Oil prices fell on Friday as signs of weakness in Chinese economy offset upbeat US energy demand that lifted cru

Published 21 Feb, 2014 01:48pm

Energy

Shell sale of Italy retail operation reshapes pump network

MILAN: Royal Dutch Shell has agreed to sell its Italian retail business to Kuwait Petroleum International (KPI) in a mov

Published 20 Feb, 2014 01:53pm

Energy

Brent slips below $110 on worries over China growth

LONDON: Brent crude slid below $110 a barrel on Thursday after economic data pointed to slower growth in China, the worl

Published 20 Feb, 2014 01:50pm

Energy

Prices dip on continued mild weather: euro coal

LONDON: European physical coal prices dipped on Wednesday as forecasts for continued mild weather into spring dulled dem

Published 19 Feb, 2014 05:34pm

Energy

Rosneft pushes for Transneft share issue to fund eastern pipeline expansion

MOSCOW: Russian state energy company Rosneft is pushing the government for approval on a share issue for Transneft so th

Published 19 Feb, 2014 12:47pm

Energy

Egypt issues first tender in a year to buy crude oil

LONDON: Egypt's state-owned oil company is seeking around 500,000 barrels of crude oil in its first tender in a year

Published 19 Feb, 2014 12:43pm

Energy

Supply risks keep Brent above $110, US crude up on cold

LONDON: Brent oil held above $110 a barrel on Wednesday, underpinned by geopolitical concerns in Africa and Venezuela wh

Published 19 Feb, 2014 11:19am

Energy

Hedge funds increase Brent oil bets

LONDON: Hedge funds and other large investors raised their bets on higher Brent crude oil prices in the week to February

Published 17 Feb, 2014 09:50pm

Energy

Shell to sell three assets in British North Sea

LONDON: Royal Dutch Shell plans to put three oil and gas assets in the North Sea up for sale, as it seeks to ramp up dis

Published 14 Feb, 2014 02:45pm

Energy

Brent eases towards $108; supply disruptions support

LONDON: Brent crude eased towards $108 a barrel on Friday as downbeat US economic data outweighed supply disruptions in

Published 14 Feb, 2014 02:25pm

Energy

Oil markets tight, IEA warns

PARIS: World oil markets are unexpectedly tight as growth in advanced economies picks up, the IEA warned on Thursday, ur

Published 13 Feb, 2014 09:45am

Energy

Argentina's YPF buys local Apache branch for $800mn

BUENOS AIRES: Argentina's state-controlled energy company YPF announced Wednesday it has inked a deal to buy out the

Published 13 Feb, 2014 07:26am

Energy

Eni says Q4 adj operating profit down 29pc

MILAN: Italian oil and gas group Eni said on Thursday its fourth-quarter adjusted operating profit fell by 29 percent to

Published 13 Feb, 2014 07:12am

Energy

Oil market rises on optimism over Chinese demand

LONDON: Oil prices advanced Wednesday on upbeat Chinese data and after new Federal Reserve head Janet Yellen vowed to ma

Published 12 Feb, 2014 03:51pm

Energy

Total sees 2013 net profit slide 20pc to 8.4bn euros

PARIS: French oil giant Total said Wednesday its 2013 net profit dipped 20 percent to 8.4 billion euros ($11.45 billion)

Published 12 Feb, 2014 07:28am

Energy

Rosneft approves $273mn worth of oil shipments to BP

MOSCOW: The board of Russia's top oil producer Rosneft has approved deals to supply BP with crude oil and fuel oil w

Published 11 Feb, 2014 06:19am

Energy

Oil slips below $109 after touching five-week high

LONDON: Brent crude eased back after hitting a five-week high above $109 a barrel on Monday as investors bet the US cent

Published 10 Feb, 2014 09:28am

Energy

Oil prices fall before US jobs data

LONDON: Oil prices slipped on Friday as investors awaited the release of US jobs data, with some support coming from hig

Published 07 Feb, 2014 11:33am

Energy

Statoil abandons production target to focus on returns

OSLO: Norwegian oil major Statoil abandoned its 2020 production target and slashed investment plans on Friday, joining r

Published 07 Feb, 2014 08:53am

Energy

Oil advances on strong US heating fuel demand

LONDON: Crude oil prices climbed on Thursday, extending gains on stronger demand for heating fuel in the United States a

Published 06 Feb, 2014 11:55am

Energy

Oil market rebound before US energy report

LONDON: Global oil prices recovered on Wednesday, winning support from firmer stock markets and the weaker dollar before

Published 05 Feb, 2014 01:23pm

Energy

Urals market frozen, Libya El Sharara loading

MOSCOW: Spot differentials for Russian Urals crude were unchanged on Tuesday, with activity depressed for more than 10 d

Published 04 Feb, 2014 07:11pm

Energy

Rosneft profit soars thanks to booming gas output

MOSCOW: Russia's oil giant Rosneft reported a 51-percent jump in annual profit on Tuesday thanks to a huge boost in

Published 04 Feb, 2014 03:11pm

Energy

Norway's LNG deliveries to be cut in May-June due to maintenance

OSLO: Deliveries of liquefied natural gas (LNG) to European Union from Norway's plant in the Arctic will be reduced

Published 04 Feb, 2014 08:56am

Energy

BP posts weaker profit in Q4, raises oil spill charge

LONDON: BP posted a 37 percent drop in fourth quarter profit due to a weaker performance in both its production and refi

Published 04 Feb, 2014 07:39am

Energy

Total sells 15pc stake in offshore Angola block for 750mn euro

PARIS: French oil major Total said on Tuesday it was selling its 15 percent stake in an offshore oil block in Angola to

Published 04 Feb, 2014 07:38am

Energy

Oil prices fall on weak Chinese data

LONDON: Oil prices dropped on Monday as data showing weak manufacturing activity in China fuelled concerns over energy d

Published 03 Feb, 2014 12:37pm

Energy

Oil lifted by cold weather, Fed trimming caps gains

LONDON: Brent oil rose to $108 per barrel on Thursday as bitter cold in the United States boosted heating oil demand, th

Published 30 Jan, 2014 12:33pm

Energy

Shell sells stake in Brazil oil field for $1bn to Qatar

LONDON: Anglo-Dutch energy giant Royal Dutch Shell said on Wednesday that it has sold a large stake in an offshore Brazi

Published 29 Jan, 2014 08:18am

Energy

Oil prices rebound on bargain hunting before Fed

LONDON: The oil market rebounded on Tuesday as traders shrugged off poor US economic data to snap up bargain crude follo

Published 28 Jan, 2014 09:28pm

Energy

Gasoline cracks down on muted demand: Europe

LONDON: Gasoline refining margins in northwest Europe fell on Tuesday, as crude oil prices rose and regional demand was

Published 28 Jan, 2014 07:49pm

Energy

Oil rises to $107 as chill expected to drain US fuel stocks

LONDON: Brent crude oil rose to $107 a barrel on Tuesday as the steepest fall in three weeks prompted buying, but concer

Published 28 Jan, 2014 09:42am

Energy

OPEC says can handle extra oil from Iran, Libya, Iraq

LONDON: OPEC will be able to handle the extra oil expected to come from Iran, Iraq and Libya, OPEC's secretary gener

Published 27 Jan, 2014 07:11pm

Energy

Mideast crude tanker rate rally fizzles out as bookings

LONDON: Crude oil tanker earnings on the major Middle East route softened further on Monday as slower business ate into

Published 27 Jan, 2014 06:42pm

Energy

Oil prices mixed before Fed meeting

LONDON: Global oil prices diverged Monday as dealers focused on the Federal Reserve's upcoming policy meeting in ant

Published 27 Jan, 2014 01:07pm

Energy

Urals weak in south despite shorter Feb programme

LONDON: Russian Urals were steady in the north but softened in the south on Friday following the release of the full Ura

Published 24 Jan, 2014 06:29pm

Energy

Gasoline pressured as demand stays weak

LONDON: European gasoline cracks remained under pressure on Friday as slack demand in Europe and high US stocks kept buy

Published 24 Jan, 2014 06:20pm

Energy

Oil prices recoil from recent peaks

LONDON: Global oil prices fell on Wednesday as many traders banked recent gains made on forecasts of stronger demand, an

Published 23 Jan, 2014 04:04pm

Energy

European sales push Gazprom profits up 4pc

MOSCOW: Russia's natural gas giant Gazprom reported on Thursday a four-percent jump in profits through the first nin

Published 23 Jan, 2014 06:58am

Energy

IEA raises forecast for global oil demand in 2014

PARIS: Global oil demand will rise faster than expected this year, the IEA forecast on Tuesday, reporting that consumpti

Published 21 Jan, 2014 10:16am

Energy

Rosneft builds reserves, replaces 180pc of output

MOSCOW: Rosneft, Russia's top crude producer, reported an almost 180 percent hydrocarbon reserves replacement ratio in 2

Published 21 Jan, 2014 10:15am

Energy

Angolan differentials seen pressured, trade slow

LONDON: Angolan crude oil for March export was offered on Monday at higher levels than February loading cargoes traded,

Published 20 Jan, 2014 06:52pm

Energy

Areva, Gamesa agree joint venture in offshore wind energy

MADRID: French state-controlled nuclear group Areva and Spanish wind turbine maker Gamesa have agreed a preliminary deal

Published 20 Jan, 2014 06:19pm

Energy

EURO coal prices dip as US miners fill gaps left

LONDON: European physical coal prices dipped on Monday as North American sellers began to replace lost Colombian supplie

Published 20 Jan, 2014 06:01pm

Energy

Polish gas firm PGNiG writes down its Libyan investment

WARSAW: Polish gas monopoly PGNiG has taken a $136 million writedown equal to its entire investment in a Libyan gas and

Published 17 Jan, 2014 06:56pm

Energy

German wind park group Prokon says halts payouts

FRANKFURT: German wind park operator Prokon said it had to stop interest payments and would not for now redeem the milli

Published 17 Jan, 2014 06:18pm

Energy

Brent edges down on Iran accord hopes

LONDON: Brent crude slipped to $106 a barrel on Wednesday after hitting a two-month low as the prospect of a possible ri

Published 15 Jan, 2014 06:59pm

Energy

Oil falls to $107 on Iran nuclear deal

LONDON: Oil fell to around $107 a barrel on Monday after six major powers struck a fresh six-month deal with Iran to cur

Published 13 Jan, 2014 05:01pm

Energy

France's Total to explore for shale in Britain

LONDON: Total, the French oil giant, is to become the first major firm to explore for shale gas in Britain, the Financia

Published 11 Jan, 2014 06:05am

Energy

Urals Med differential sinks to 10-month low

LONDON: Spot differentials for Russian medium sour Urals plunged to 10-month low in the Mediterranean on Friday, after f

Published 10 Jan, 2014 06:09pm

Energy

Oil rebounds from eight-month low

LONDON: Global oil prices bounced back on Friday from eight-month lows as investors fished for bargain crude while antic

Published 10 Jan, 2014 12:34pm

Energy

Oil prices buoyed by falling US crude stocks

LONDON: Global oil prices rose on Thursday after US inventory data showed falling crude supplies, while a severe North A

Published 09 Jan, 2014 02:20pm

Energy

Oil market diverges as traders digest US inventories

LONDON: Global oil prices diverged on Wednesday as traders digested the latest US crude inventories report and simmering

Published 08 Jan, 2014 07:37pm

Energy

Oil market diverges as traders digest US inventories

LONDON: Global oil prices diverged on Wednesday as traders digested the latest US crude inventories report and simmering

Published 08 Jan, 2014 07:13pm

Energy

French 2013 nuclear power output lower on milder weather

PARIS: EDF's nuclear power production in France fell slightly below its target of 405-410 terawatt hours (TWh) in 20

Published 07 Jan, 2014 06:45pm

Energy

Oil rises to $107 on Mideast, U.S. supply concerns

LONDON: Oil rose to $107 a barrel on Tuesday after five straight declines supported by doubts about a recovery in Libyan

Published 07 Jan, 2014 04:16pm

Energy

Oil above $107 on Libya, threat to US output from cold

LONDON: Oil rose above $107 a barrel on Tuesday after five straight declines supported by doubts about a recovery in Lib

Published 07 Jan, 2014 04:01pm

Energy

European shares firm after Yellen confirmation

LONDON: European stock markets advanced on Tuesday as investors welcomed the confirmation of Janet Yellen as head of the

Published 07 Jan, 2014 02:56pm

Energy

Britain to receive LNG tanker from Algeria

LONDON: The liquefied natural gas (LNG) tanker Cheikh El Mokrani is due to unload at Britain's Isle of Grain import

Published 07 Jan, 2014 07:59am

Energy

Euronav buys 15 crude carriers from Maersk Tankers

BRUSSELS: Belgian crude oil shipping group Euronav said on Sunday it will buy 15 very large crude carriers (VLCCs) from

Published 05 Jan, 2014 07:25pm

Energy

Eni to start share buyback on Monday

MILAN: Italian oil major Eni will start a planned share buyback programme worth up to 6 billion euros ($8 billion) on Mo

Published 03 Jan, 2014 08:39pm

Energy

European vegoils-Palm oil down on improved supply outlook

ROTTERDAM: Palm oil on the European vegetable oils market eased on Friday on an improved supply outlook."The cash market

Published 03 Jan, 2014 07:41pm

Energy

Oil prices tread higher before US energy report

LONDON: Global oil prices rose slightly on Friday, after sharp falls the previous day, as investors awaited the release

Published 03 Jan, 2014 02:37pm

Energy

Brent crude edges up after heavy fall

LONDON: Brent crude oil edged back above $108 a barrel on Friday after posting its biggest daily percentage drop in six

Published 03 Jan, 2014 12:26pm

Energy

Oil shipments from Iraqi Kurdistan to Turkey begin

ANKARA: Oil exports from Iraqi Kurdistan to the southern Turkish port of Ceyhan have started, the energy minister said o

Published 02 Jan, 2014 12:07pm

Energy

Norway's Statoil announces gas and oil find in North Sea

OSLO: Norwegian oil major Statoil on Thursday said it had discovered oil and gas at two prospects in the North Sea estim

Published 02 Jan, 2014 12:05pm

Energy

Oil prices rise in upbeat start to 2014

LONDON: Global crude oil prices edged higher on Thursday as investors anticipated upbeat US stockpiles data and grew mor

Published 02 Jan, 2014 12:03pm

Energy

Repsol sells LNG assets to Shell for $4.1bn

MADRID: Spanish oil group Repsol announced on Thursday it has completed the sale of its liquefied natural assets to Roya

Published 02 Jan, 2014 08:03am

Energy

Russia's 2013 oil output hits post-Soviet high

MOSCOW: World energy power Russia said on Thursday that its 2013 oil output hit a post-Soviet high while natural gas pro

Published 02 Jan, 2014 08:02am

Energy

Bulgaria cuts electricity prices again

SOFIA: Bulgaria's state energy regulator cut electricity prices for households and industrial consumers as of Jan. 1

Published 30 Dec, 2013 06:32pm

Energy

Platform in North Sea halted: Statoil

OSLO: Output at the Statfjord A platform in the North Sea was shut down after an oil and gas leak on Saturday, leading t

Published 28 Dec, 2013 08:25pm

Energy

Brent dips towards $111, supply problems limit losses

LONDON: Brent crude oil slipped towards $111 a barrel on Friday although supply disruptions in Africa kept losses in che

Published 27 Dec, 2013 01:18pm

Energy

Rosneft to focus on Morgan Stanley deal completion, not more buys

MOSCOW: Rosneft said on Friday it will focus on integrating Morgan Stanley's oil trading unit it agreed to buy last

Published 27 Dec, 2013 01:13pm

Energy

Oil prices steady before US data

LONDON: Oil prices steadied on Friday as dealers looked ahead to a US stockpiles report expected to indicate bullish dem

Published 27 Dec, 2013 11:58am

Energy

French strike keeps a third of oil refining sector shut

PARIS: A strike at three of Total's five oil refineries in France held firm for an 11th day on Monday, but the risk

Published 23 Dec, 2013 06:38pm

Energy

Prompt sags on supply surge, mild weather

LONDON: British prompt gas prices fell on Monday as above-average temperatures weighed on demand, while strong flows fro

Published 23 Dec, 2013 04:17pm

Energy

Oil prices turn lower

LONDON: Oil prices turned lower in pre-holiday trading Monday, but retained support from US economic data that has raise

Published 23 Dec, 2013 12:10pm

Energy

Russia to ship 11.5m tonnes of oil in H1 to Belarus

MOSCOW: Moscow will ship 11.5 million tonnes of crude oil to Belarus in the first half of next year, the Russian governm

Published 21 Dec, 2013 09:04pm

Energy

Greece seals natural gas privatisation deal with Azeri company

ATHENS: Greece agreed on Saturday to sell the operator of its natural gas grid operator to Azerbaijan's state energy

Published 21 Dec, 2013 06:03pm

Energy

Rising crude, French strike underpin gasoline

LONDON: Gasoline barge prices strengthened on Friday, with rising crude oil prices and strikes that have closed 60 perce

Published 20 Dec, 2013 06:33pm

Energy

Oil prices mixed in thin trading

LONDON: Oil prices were narrowly mixed on Friday as trading slowed down ahead of the festive season.New York's main

Published 20 Dec, 2013 01:11pm

Energy

Brent holds above $110, set for weekly rise

LONDON: Brent crude oil held above $110 a barrel on Friday, heading for a weekly gain, boosted by a positive outlook for

Published 20 Dec, 2013 01:02pm

Energy

Brent up near $110 as market shrugs off Fed taper

LONDON: Brent crude oil futures were up near $110 a barrel on Thursday as the market shrugged off a decision by the U.S.

Published 19 Dec, 2013 04:15pm

Energy

EU carbon prices hit seven weeks high

LONDON: European carbon prices hit a seven week high on Wednesday in thin trade and on the back of an absence of governm

Published 18 Dec, 2013 06:11pm

Energy

Brent holds above $108 ahead of Fed stimulus decision

LONDON: Brent oil futures held above $108 a barrel on Wednesday with investors reluctant to lock in positions ahead of a

Published 18 Dec, 2013 03:20pm

Energy

Brent slips below $109 ahead of Fed meeting

LONDON: Brent oil slipped below $109 a barrel on Tuesday, ahead of a key US Federal Reserve meeting in which the central

Published 17 Dec, 2013 10:13am

Energy

Gazprom yet to budget for China gas pipeline in 2014

MOSCOW: Russia's biggest natural gas producer Gazprom has not included funding for the construction of a gas pipelin

Published 17 Dec, 2013 06:37am

Energy

Forties bid up, more fixtures eyed: North Sea Crude

LONDON: North Sea Forties crude differentials were bid up on Monday by Trafigura, which is still keen to secure barrels

Published 16 Dec, 2013 07:13pm

Energy

Total reaches pay deal with two French unions

PARIS: Total's French refining operations have reached a pay rise deal with two unions, isolating the hardline CGT u

Published 16 Dec, 2013 06:38pm

Energy

Oil climbs above $110 as Libyan ports stay shut

LONDON: Brent crude oil rose above $110 a barrel on Monday as supply concerns resurfaced after Libya failed to reach a d

Published 16 Dec, 2013 04:34pm

Energy

Oil climbs above $110 as Libyan ports stay shut

LONDON: Brent crude oil rose above $110 a barrel on Monday as supply concerns resurfaced after Libya failed to reach a d

Published 16 Dec, 2013 01:58pm

Energy

UK spot gas prices firm on undersupplied system

LONDON: British spot gas prices rose on Monday morning as a colder weather outlook and an undersupplied system tightened

Published 16 Dec, 2013 01:44pm

Energy

Oil above $109 as Libyan oil ports stay shut

LONDON: Brent crude oil rose above $109 a barrel on Monday as supply concerns revived after Libya failed to reach a deal

Published 16 Dec, 2013 09:43am

Energy

Gasoline cracks slip with barge prices

LONDON: Gasoline refining margins in northwest Europe weakened on Friday along with barge prices. Workers at Total's

Published 13 Dec, 2013 06:47pm

Energy

North Sea Crude Forties rises slightly

LONDON: North Sea Forties crude differentials rose on Friday supported by demand from Trafigura, which bought one cargo

Published 13 Dec, 2013 06:24pm

Energy

Prices hold at 6-week highs in thin trading: euro coal

LONDON: European physical coal remained firm on Wednesday at levels around six-week highs, amid cold weather, strong dem

Published 11 Dec, 2013 06:22pm

Energy

Turkey to increase its stake in TANAP gas pipeline project

BAKU: Turkey is expected to increase its 20 percent stake in the multi-billion dollar Trans-Anatolian natural gas pipeli

Published 10 Dec, 2013 06:39pm

Energy

Oil prices rebound

LONDON: Oil prices rebounded on Tuesday following a heavy fall for Brent crude the previous day, while OPEC maintained i

Published 10 Dec, 2013 01:35pm

Energy

Oil prices slide in London

LONDON: Brent oil prices slumped on Monday following news of weaker German industrial output, while New York crude futur

Published 09 Dec, 2013 07:23pm

Energy

UK proposes counting biofuel toward 2020 green energy target

BRUSSELS: Britain has proposed a way to lower the European Union's 2020 target for renewable energy by counting the

Published 09 Dec, 2013 07:05pm

Energy

Chevron halts Romania shale work after protest

PUNGESTI: US oil major Chevron halted exploration works for shale gas in eastern Romania for the second time in two mont

Published 07 Dec, 2013 06:03pm

Energy

No Russia-Ukraine gas or customs deal: Putin spokesman

MOSCOW: Moscow and Kiev have failed to reach agreements on reducing Russian gas prices or Ukraine joining a Moscow-led c

Published 07 Dec, 2013 09:26am

Energy

Asian gains fuelled by Qatar, Algeria tightness

LONDON: Asian spot liquefied natural gas (LNG) prices topped $19 per million British thermal units (mmBtu) this week as

Published 06 Dec, 2013 07:48pm

Energy

Urals north-south spread widens as trader bids up

LONDON: The price spread between Urals in the north and south widened on Friday after one trader bid far above the recen

Published 06 Dec, 2013 07:31pm

Energy

Rosneft, Statoil to set up Russian shale oil venture

OSLO: Russian energy firm Rosneft and Norway's Statoil agreed to set up a joint venture to assess the viability of s

Published 06 Dec, 2013 03:13pm

Energy

Brent rises above $111, US jobs in focus

LONDON: Brent crude rose above $111 a barrel on Friday after a two-day drop, as severe weather cut oil output in Europe

Published 06 Dec, 2013 01:01pm

Energy

Brent rises above $112 as oversupply concerns ease

LONDON: Brent crude oil rose above $112 a barrel on Thursday, as concerns eased over a glut of supply in the market.The

Published 05 Dec, 2013 02:02pm

Energy

New York oil prices extend rally

LONDON: US oil prices rallied further on Thursday, boosted by an unexpectedly sharp drop in US crude stockpiles which si

Published 05 Dec, 2013 12:06pm

Energy

Brent slips below $112 as OPEC leaves target unchanged

LONDON: Brent crude oil slipped below $112 a barrel on Wednesday as OPEC left its output target for the first half of 20

Published 04 Dec, 2013 02:05pm

Energy

Brent crude oil rises towards $112, near 11-week high

LONDON: Brent crude rose towards $112 a barrel on Tuesday, just off an 11-week high hit in the previous session, as stro

Published 03 Dec, 2013 09:43am

Energy

Norway fund leaves Tepco due to Fukushima

OSLO: Norwegian investment fund KLP said on Monday it had sold its shares in Tokyo Electric Power (Tepco), the operator

Published 02 Dec, 2013 07:10pm

Energy

Oil prices steady on Chinese data

LONDON: Global oil prices held steady on Monday as dealers digested upbeat manufacturing data in China, and eyed this we

Published 02 Dec, 2013 01:51pm

Energy

Oil steadies below $110 on China data, supply

LONDON: Brent crude oil steadied below $110 a barrel on Monday after Chinese data showed strong industrial activity and

Published 02 Dec, 2013 01:22pm

Energy

UK spot gas prices drop on end of Norwegian outage

LONDON: British day-ahead gas prices eased off eight-month highs on Monday as a Norwegian production outage neared its e

Published 02 Dec, 2013 01:10pm

Energy

UK spot gas prices rise to highest level since April

LONDON: British day-ahead gas prices rose to their highest levels since April on Monday as a Norwegian production outage

Published 02 Dec, 2013 01:06pm

Energy

Governments seek to raise the EU cap on food-based biofuels

BRUSSELS: European Union governments are trying to raise a planned limit on the use of transport fuels made from food cr

Published 29 Nov, 2013 05:41pm

Energy

Europe energy price headache becoming a migraine: IEA

BRUSSELS: Europe's energy prices will stay up to three times higher than in the United States for the next 20 years,

Published 29 Nov, 2013 05:35pm

Energy

Oil market edges up amid US oversupply concerns

LONDON: Global oil prices nudged higher on Friday in subdued deals after the Thanksgiving holiday in the United States,

Published 29 Nov, 2013 01:22pm

Energy

Brent holds near $111, set for biggest gain since Aug

LONDON: Brent crude firmed slightly on Friday and was set to post the biggest monthly gain since August as prolonged unr

Published 29 Nov, 2013 12:48pm

Energy

Physical prices drop as UK burns less coal

LONDON: Physical European coal prices drifted lower on Thursday as official figures revealed a drop in coal-fired power

Published 28 Nov, 2013 10:57pm

Energy

Oil market slips on US stockpile surge

LONDON: Global oil prices fell further on Thursday, in thin holiday trade amid Thanksgiving in the United States, as dea

Published 28 Nov, 2013 10:06pm

Energy

Oil falls to $111 on high U.S. output, inventories

LONDON: Brent oil fell towards $111 per barrel on Thursday, weighed by a bigger-than-expected rise in U.S. crude stockpi

Published 28 Nov, 2013 05:06pm

Energy

Oil market slides on US stockpile surge

LONDON: Global oil prices fell further Thursday as dealers focused on an unexpectedly large surge in US crude stockpiles

Published 28 Nov, 2013 03:16pm

Energy

World oil prices stable before US inventories data

LONDON: Global oil prices steadied Wednesday as dealers anticipated a fresh rise in US stockpiles that would indicate we

Published 27 Nov, 2013 07:02pm

Energy

Oil above $111 on supply concerns, U.S. stocks weigh

LONDON: Brent oil rose above $111 a barrel on Wednesday as unrest in Libya stoked supply fears ahead of northern hemisph

Published 27 Nov, 2013 01:48pm

Energy

Iraqi Kurdish oil exports to Turkey may start by Christmas

ANKARA: Oil exports from Iraq's autonomous Kurdistan to Turkey could start next month, the region's prime minist

Published 27 Nov, 2013 12:05pm

Energy

Russia resumes oil exports from Pacific port

MOSCOW: Russia's Pacific oil terminal of Kozmino said on Wednesday it has resumed exports of ESPO blend crude oil af

Published 27 Nov, 2013 08:09am

Energy

Oil prices retreat slightly

LONDON: World oil prices fell on Tuesday as traders weighed up the impact on supplies of Iran's nuclear deal and unr

Published 26 Nov, 2013 07:45pm

Energy

UK prompt gas firms, Belgium halt squeezes supply

LONDON: British prompt gas prices rose on Tuesday as a halt in flows from Belgium via the Interconnector pipeline tighte

Published 26 Nov, 2013 12:53pm

Energy

Oil rises above $111, Iran sanctions relief unclear

LONDON: Oil edged above $111 a barrel on Tuesday as investors judged the historic deal between Iran and world powers wou

Published 26 Nov, 2013 12:50pm

Energy

UK spot gas rises on cold weather, oil weighs on curve

LONDON: British gas prices for within-day delivery rose on Monday as a drop in imports from Norway left the market under

Published 25 Nov, 2013 01:46pm

Energy

Brent drops more than $2 after breakthrough Iran deal

LONDON: Brent crude fell by as much as $3 a barrel on Monday before paring losses, as a breakthrough nuclear deal betwee

Published 25 Nov, 2013 01:45pm

Energy

Airlines lead UK FTSE up as Iran deal seen cutting fuel costs

LONDON: Airlines led Britain's top share index higher on expectations of lower fuel costs after a nuclear deal struc

Published 25 Nov, 2013 01:35pm

Energy

Oil drops towards $109 after breakthrough Iran deal

LONDON: Brent crude fell by as much as $3 a barrel on Monday, before paring losses, as a breakthrough nuclear deal betwe

Published 25 Nov, 2013 01:21pm

Energy

North Sea Crude-Bid up as refiners return to market

LONDON: North Sea crude oil differentials rose on Friday as buyers came for Brent, Oseberg and Ekofisk to fill a steady

Published 22 Nov, 2013 06:08pm

Energy

Urals stronger in tenders, China stops buying

LONDON: Urals crude differentials strengthened on Friday despite weak refining margins as traders cited uncertainty over

Published 22 Nov, 2013 05:52pm

Energy

British spot gas retreats from 7 month highs

LONDON: British gas prices for immediate delivery edged back up on Friday from seven-month highs achieved earlier in the

Published 22 Nov, 2013 12:55pm

Energy

Oil rises above $110 as Iran talks stickier

LONDON: Oil rose above $110 a barrel on Friday and was on track to end higher for the second week running, as expectatio

Published 22 Nov, 2013 12:50pm

Energy

Rosneft to invest $3bn in three East Siberian fields

MOSCOW: Oil producer Rosneft plans to invest around 92 billion roubles ($2.8 billion) by 2015 to develop three fields in

Published 21 Nov, 2013 09:51am

Energy

Europe Gasoline barge cracks rise, track crude

LONDON: Gasoline barge prices for northwest Europe gained on Wednesday, tracking an increase in the price of crude oil,

Published 20 Nov, 2013 06:49pm

Energy

Europe Gasoline barge cracks rise on refinery blast

LONDON: Gasoline barge cracks for northwest Europe firmed on Tuesday after an explosion at Europe's second-largest r

Published 19 Nov, 2013 06:29pm

Energy

Oil prices stable before Iran nuclear talks

LONDON: Global oil prices steadied on Monday before fresh international talks over Iran's nuclear programme which co

Published 18 Nov, 2013 08:14pm

Energy

Oil prices fall ahead of Iran nuclear talks

LONDON: Oil prices dropped on Monday ahead of fresh international talks over Iran's nuclear programme which could re

Published 18 Nov, 2013 02:20pm

Energy

Libya resumes gas exports to Italy

TUNIS: Libya has resumed gas exports to Italy after protesters left the North African country's Mellitah port, and e

Published 17 Nov, 2013 08:12pm

Energy

Brent oil rises on U.S. Fed stimulus policy, IEA outlook

LONDON: Brent crude oil rose towards $108 per barrel on Thursday due to a signal that the U.S. Federal Reserve will keep

Published 14 Nov, 2013 03:34pm

Energy

Oil prices climb on geopolitical factors

LONDON: Global oil prices rebounded on Wednesday over concerns about supply factors in Iran and Libya, dealers said.Bren

Published 13 Nov, 2013 01:50pm

Energy

Ukraine halts Russian gas imports; transit to Europe intact -sources

MOSCOW: Ukraine's Naftogaz halted Russian natural gas imports last Friday in a dispute over pricing, sources in the

Published 11 Nov, 2013 05:08pm

Energy

European shares buoyed by health care M&A, BSkyB plummets

LONDON: Europe's top shares rose on Monday, led by health care stocks after well-received acquisitions in the sector

Published 11 Nov, 2013 04:55pm

Energy

Euro Coal-Prices firm on potential Colombian export shortfall

LONDON: European physical coal prices were firm on Monday as a major Colombian miner said it might struggle to meet its

Published 11 Nov, 2013 04:45pm

Energy

Oil above $105 after Iran talks end without deal

LONDON: Brent crude oil edged up towards $106 a barrel on Monday after Iran and six world powers failed to reach a deal

Published 11 Nov, 2013 03:42pm

Energy

Oil prices mixed after Iran nuclear talks stall

LONDON: Oil prices diverged on Monday after marathon talks in Geneva aimed at convincing major crude exporter Iran to ha

Published 11 Nov, 2013 01:12pm

Energy

British spot gas prices drop on oversupplied system

LONDON: British spot gas prices fell on Monday morning as the market opened oversupplied, but prices for delivery later

Published 11 Nov, 2013 12:14pm

Energy

Chevron files suit against Polish anti-shale gas protesters

WARSAW: US energy major Chevron said it had filed a civil lawsuit against protesters in Poland who have prevented it fro

Published 08 Nov, 2013 07:37pm

Energy

Med Crude-Urals stable, seen supported next week

LONDON: Mediterranean and Baltic Sea crude grades were steady on Friday supported by a shortage of Russian barrels, Liby

Published 08 Nov, 2013 06:02pm

Energy

Hungary MOL says selling its INA stake is an option

BUDAPEST: Hungarian oil group MOL said on Friday it was prepared to sell its stake in Croatian peer INA, which is at the

Published 08 Nov, 2013 05:59pm

Energy

Oil rises to $106, lifted by Libya, gasoline stock drop

LONDON: Brent oil rose to $106 a barrel on Wednesday, supported by an unexpectedly large fall in US gasoline stocks and

Published 06 Nov, 2013 06:01pm

Energy

UK prompt gas falls on oversupply, shrugs off higher demand

LONDON: British gas prices eased on Wednesday, with the market oversupplied and the system coping better than expected i

Published 06 Nov, 2013 01:18pm

Energy

Oil rises to $106, lifted by Libya, product supply drop

LONDON: Brent oil rose to $106 a barrel on Wednesday, supported by a fall in U.S. oil product inventories and worries ab

Published 06 Nov, 2013 01:00pm

Energy

Poland Lotos says may be interested in shale gas in Lithuania

VILNIUS: Polish energy company Lotos said it might be willing to explore for shale gas in Lithuania, provided the condit

Published 05 Nov, 2013 06:28pm

Energy

Euro Coal-Coal drops as oil weakens

LONDON: Coal prices continued November's downward trend on Tuesday as cheaper oil weighed, but traders said that the

Published 05 Nov, 2013 05:24pm

Energy

Oil prices diverge amid US supply glut

LONDON: Global oil prices diverged on Tuesday, with New York crude weighed down by a US stockpiles glut, while Brent gai

Published 05 Nov, 2013 01:51pm

Energy

UK gas prices edge up on cold weather, undersupplied system

LONDON: British prompt gas prices edged up on Tuesday morning as cold weather drove demand higher and the gas network wa

Published 05 Nov, 2013 01:29pm

Energy

Oil prices drop before US data

LONDON: Oil prices fell on Monday as dealers awaited US economic data this week that could provide an indication of when

Published 04 Nov, 2013 02:12pm

Energy

Statoil's gas output down slightly on Monday, Tuesday

OSLO: Statoil's gas output will decline slightly early next week, the energy company said on its website on Sunday.I

Published 03 Nov, 2013 12:38pm

Energy

Russian oil output reaches post-Soviet record of 10.59mn bpd

MOSCOW: Russia's oil production, the world's largest, reached a post-Soviet record-high of 10.59 million barrels

Published 02 Nov, 2013 07:42am

Energy

Brent hovers near $109 on China data, Libya worries

LONDON: Brent crude oil held around $109 a barrel on Friday after stronger-than-expected manufacturing data from China b

Published 01 Nov, 2013 12:19pm

Energy

Oil prices drop in wake of Fed decision

LONDON: Oil prices fell on Thursday as traders reacted to news that the US Federal Reserve had decided against cutting i

Published 31 Oct, 2013 01:15pm

Energy

Gasoline cracks drop with little demand

LONDON: Gasoline refining margins in northwest Europe fell to nearly zero on Wednesday as demand in the region and overs

Published 30 Oct, 2013 05:02pm

Energy

Oil prices mixed before US stockpiles report

LONDON: Oil prices diverged on Wednesday as investors bet on a further increase in US inventories, indicating weak deman

Published 30 Oct, 2013 01:48pm

Energy

Brent crude firm near $109 on Libyan supply disruptions

LONDON: Brent crude held firm near $109 a barrel on Wednesday as a bigger-than-expected increase in oil inventories in t

Published 30 Oct, 2013 10:05am

Energy

Spot falls after storm knocks out Dutch cable

OSLO: Nordic spot power prices fell more than expected after stormy weather knocked out of operation a cable between sou

Published 29 Oct, 2013 05:28pm

Energy

Oil prices ease as Fed meets on stimulus

LONDON: Global oil prices fell on Tuesday as dealers looked to the US Federal Reserve's latest policy meeting for si

Published 29 Oct, 2013 01:57pm

Energy

Saipem confirms net loss outlook for 2013

MILAN: Italian oil services group Saipem confirmed its outlook for a net loss this year after posting a 59.6 percent fal

Published 28 Oct, 2013 05:56pm

Energy

Oil prices diverge

LONDON: Oil prices diverged on Monday, with New York crude weighed down by bulging US crude stockpiles and Brent support

Published 28 Oct, 2013 02:19pm

Energy

Rosneft sees output plateau at Vankor field group in 2019

MOSCOW: Rosneft, Russia's top oil producer, plans to produce 25 million tonnes of oil (500,000 barrels per day) at i

Published 25 Oct, 2013 12:25pm

Energy

UK spot gas prices slip as imports climb

LONDON: British prompt gas prices fell on Thursday as mild weather kept demand in check, while higher inflows from the N

Published 24 Oct, 2013 02:05pm

Energy

Oil market diverges on Chinese data, US demand fears

LONDON: Global oil prices diverged on Thursday, holding close to recent lows, as traders balanced upbeat Chinese economi

Published 24 Oct, 2013 12:05pm

Energy

Gasoline hit as end of refinery maintenance looms

LONDON: The gasoline crack in northwest Europe declined on Wednesday, hit by weak demand and limited export opportunitie

Published 23 Oct, 2013 05:33pm

Energy

UK gas prices jump on supply disruption from Norway

LONDON: British wholesale gas and power prices rose strongly on Wednesday morning as supply disruption from Norway and a

Published 23 Oct, 2013 01:43pm

Energy

Oil prices mixed on US data, Middle East concerns

LONDON: New York's main oil contract hit fresh three-month lows Tuesday on rising US crude stocks and after weak job

Published 22 Oct, 2013 08:38pm

Energy

Oil mixed before US jobs data

LONDON: New York crude oil was stuck below $100 on Tuesday, hitting fresh three-month low points in the process, with al

Published 22 Oct, 2013 12:07pm

Energy

E.ON Huntington field output limited by access to pipeline

OSLO: The North Sea Huntington oilfield in waters off Britain is producing at only about 40 percent of capacity due to p

Published 21 Oct, 2013 05:37pm

Energy

Europe Gasoline Cracks firm as crude falls

LONDON: Gasoline refining cracks in northwest Europe firmed on Monday, boosted by a fall in the price of crude oil while

Published 21 Oct, 2013 05:13pm

Energy

Albania to ask CEZ for power distributor

TIRANA: Albania's five-week-old government will ask CEZ for talks to solve a row over the Czech power group's in

Published 21 Oct, 2013 05:08pm

Energy

Rosneft gives China access to East Siberia oil

MOSCOW: Russia's top oil producer Rosneft signed a memorandum on Friday giving the world's largest crude importe

Published 18 Oct, 2013 01:05pm

Energy

LNG tankers heading for Britain, Belgium, Netherlands

LONDON: The following table lists liquefied natural gas (LNG) tankers expected to arrive in Britain, Belgium and the Net

Published 18 Oct, 2013 12:32pm

Energy

Oil up to $110 on weak dollar, Chinese growth data

LONDON: Brent crude futures rose to $110 a barrel on Friday, supported by a weak US dollar and third quarter GDP growth

Published 18 Oct, 2013 12:22pm

Energy

UK Rough gas storage in maintenance

LONDON: Britain's biggest gas storage site, Rough, will not be available to inject or withdraw gas until midday on T

Published 14 Oct, 2013 07:10pm

Energy

Oil eases on Iran talks, US budget crisis

LONDON: Global oil prices fell towards $110 per barrel on Monday on expectations that Iranian nuclear talks will ease te

Published 14 Oct, 2013 03:07pm

Energy

Oil falls nearer to $110 on Iran talks

LONDON: Global oil prices fell towards $110 per barrel on Monday on expectations that Iranian nuclear talks will ease te

Published 14 Oct, 2013 02:45pm

Energy

Global clean energy investment fell in Q3: research

LONDON: Global investment in clean energy fell to $46-$47 billion in the third quarter of this year as project finance f

Published 14 Oct, 2013 12:02am

Energy

Oil rises to $110 on return of Libyan supply worry

LONDON: Crude oil rose above $110 a barrel on Thursday after the seizure of Libya's prime minister punctured confide

Published 10 Oct, 2013 03:54pm

Energy

OPEC sticks to oil demand forecasts

VIENNA: The OPEC oil cartel on Thursday stuck to its forecasts for global oil demand, projecting a rise of 1.0 percent t

Published 10 Oct, 2013 12:03pm

Energy

Lithuania LNG calculations skewed after Fukushima

VILNIUS: Lithuania's plans to reduce its dependence on Russian gas by importing liquefied natural gas (LNG) could co

Published 09 Oct, 2013 05:23pm

Energy

Russian Urals crude weakens

LONDON: Russian Urals crude weakened on Wednesday after traders offered prompt cargoes following Russia's decision t

Published 09 Oct, 2013 05:21pm

Energy

Oil prices rebound on weak dollar

LONDON: Crude oil prices rebounded on Tuesday thanks to a weak dollar, as the political paralysis in Washington over the

Published 08 Oct, 2013 11:21am

Energy

Brent steadies as oil supply improves; demand outlook cloudy

LONDON: Brent crude oil held above $109 a barrel on Tuesday as the oil supply outlook improved and the US budget crisis

Published 08 Oct, 2013 09:13am

Energy

Oil dips as Gulf of Mexico storm eases

LONDON: Brent crude fell more than 1 percent to below $108 a barrel on Monday as oil production resumed in the Gulf of M

Published 07 Oct, 2013 04:25pm

Energy

Oil prices drop on US debt ceiling crisis

LONDON: Oil prices fell on Monday on growing concerns that the US budget crisis could spiral into a debt default which w

Published 07 Oct, 2013 12:18pm

Energy

Oil drops towards $108 as US storm wanes

LONDON: Brent crude fell towards $108 a barrel on Monday as oil production resumed in the Gulf of Mexico after a tropica

Published 07 Oct, 2013 08:24am

Energy

Rosneft says to sell $5.3bln worth of oil to BP

MOSCOW: Rosneft said on Friday it has agreed to sell Urals crude and fuel oil cargoes to BP worth around $5.3 billion, w

Published 04 Oct, 2013 11:55am

Energy

Oil trade pattern shifts as refiners go global

LONDON: New ultra-modern refineries and major traders are shifting to longer-haul tankers and large storage terminals in

Published 04 Oct, 2013 11:42am

Energy

Oil prices mixed amid US concerns

LONDON: Oil prices traded narrowly mixed on Thursday as investors fretted over the economic impact of a protracted US go

Published 03 Oct, 2013 01:23pm

Energy

Libya hopes to return to normal oil output rapidly: minister

LONDON: Libya, where oil production has been choked off due to strikes, hopes to quickly resume its normal output of 1.6

Published 02 Oct, 2013 12:22pm

Energy

Oil prices steady before US data

LONDON: Oil prices steadied on Wednesday as traders awaited US energy stockpiles data whose release is planned to go ahe

Published 02 Oct, 2013 12:13pm

Energy

Russia oil output matches post-Soviet record high in Sept

MOSCOW: Russia's oil production, the world's largest, edged up to 10.53 million barrels per day (bpd) in Septemb

Published 02 Oct, 2013 05:55am

Energy

European refiners face new wave of closures

LONDON: Europe faces a new wave of refinery closures due to rising competitiveness of US plants which can run on cheap g

Published 01 Oct, 2013 07:08pm

Energy

Oil prices extend falls as US starts shutdown

LONDON: Global oil prices slid further on Tuesday as the US government began a partial shutdown after lawmakers failed t

Published 01 Oct, 2013 01:08pm

Energy

Oil prices drop on US budget woes

LONDON: Global oil prices slid on Monday as a budget impasse in the United States threatens to shut down parts of the ec

Published 30 Sep, 2013 11:52am

Energy

Rosneft says buys Alrosa gas assets for $1.4bn

MOSCOW: Russia's top oil producer Rosneft has agreed to buy gas assets from diamond miner Alrosa for $1.4 billion, i

Published 27 Sep, 2013 12:44pm

Energy

Oil prices dip on Syria breakthrough

LONDON: Oil prices fell on Friday after the United States and Russia agreed a draft UN Security Council resolution on de

Published 27 Sep, 2013 11:47am

Energy

Oil rises on bargain hunting despite easing risk premium

LONDON: Oil prices gained slightly on Thursday despite easing geopolitical worries and an improving supply picture, as t

Published 26 Sep, 2013 09:03am

Energy

Statoil may drill 2-3 more Canadian wells in 2015

OSLO: Statoil plans to drill further wells to evaluate its Canadian oil discovery but has not yet scheduled further dril

Published 26 Sep, 2013 08:44am

Energy

Oil prices rise before US stockpiles report

LONDON: Oil prices rose on Wednesday as investors expect a US stockpiles report to show a fall, indicating firm demand i

Published 25 Sep, 2013 12:21pm

Energy

Rosneft says Exxon's Russia LNG project intact

MOSCOW: Rosneft on Wednesday dismissed Gazprom's opposition to its liquefied natural gas project with Exxon in Russi

Published 25 Sep, 2013 07:03am

Energy

Estonia eyes squeezing more liquids from oil shale

TALLINN: Estonia wants to produce more oil and gas from local oil shale to maintain the traditional industry as it plans

Published 24 Sep, 2013 05:05pm

Energy

Oil prices slide on easing Middle East concerns

LONDON: Global oil prices fell on Tuesday on easing fears about supplies from the crude-rich Middle East, eclipsing brig

Published 24 Sep, 2013 12:34pm

Energy

Greenpeace ship towed to Russian Arctic port

MOSCOW: A Greenpeace ship seized by Russian security forces during an Arctic protest approached the Far Northern port ci

Published 24 Sep, 2013 06:41am

Energy

Rosneft sees 2013 IFRS net income at 439bn roubles

MOSCOW: Russia's top crude producer Rosneft said on Tuesday it expects to earn 439 billion roubles ($13.8 billion) i

Published 24 Sep, 2013 06:16am

Energy

Shale gas, oil reshape world energy landscape

PARIS: After unleashing an energy revolution in the United States, shale gas and oil are now becoming energy game-change

Published 24 Sep, 2013 05:59am

Energy

Russia Alfa Group unit buys stake in Regal Petroleum

MOSCOW: A1, an investment vehicle of Russian billionaire Mikhail Fridman, told Reuters on Monday it had acquired a 24.4

Published 23 Sep, 2013 06:01pm

Energy

Oil prices stable after upbeat Chinese data

LONDON: Oil prices steadied Monday despite upbeat manufacturing data from China, which raised hopes of firmer demand in

Published 23 Sep, 2013 12:40pm

Energy

Oil prices pull back after robust rally

LONDON: Oil prices retreated Thursday after a powerful rally Wednesday fueled by falling US crude supplies and the Feder

Published 19 Sep, 2013 08:49pm

Energy

Oil trails assets' surge on Iran nuclear signal

LONDON: Brent oil rose for a second day on Thursday after the United States surprised markets by keeping its monetary st

Published 19 Sep, 2013 03:32pm

Energy

Oil slips on Iran president comments

LONDON: Oil dipped on Thursday after Iran's president said his country was not seeking war with any other nation, he

Published 19 Sep, 2013 03:11pm

Energy

Oil prices rise before Fed announcement

LONDON: Oil prices rose Wednesday as investors awaited the end of the US Federal Reserve's closely watched policy me

Published 18 Sep, 2013 12:50pm

Energy

Russian Finance Ministry wants to cut oil export duty

MOSCOW: The Russian Finance Ministry has proposed gradually reducing oil export duties and increasing the mineral extrac

Published 18 Sep, 2013 12:16pm

Energy

Libyan output to rise to 400,000-450,000 bpd

LONDON: Libyan oil output is expected to rise to 400,000-450,000 barrels per day as one of the biggest western oilfields

Published 17 Sep, 2013 09:40am

Energy

Oil prices slide on breakthrough Syria deal

LONDON: Global oil prices fell heavily on Monday after a US-Russia deal on Syria's chemical weapons avoided a Wester

Published 16 Sep, 2013 12:01pm

Energy

Oil falls below $109 as Syria deal eases supply concerns

LONDON: Global oil prices fell to a five-week low below $109 a barrel on Monday after the United States agreed to call o

Published 16 Sep, 2013 09:03am

Energy

Rosneft says plans energy projects in Belarus: reports

MOSCOW: Igor Sechin, the head of oil giant Rosneft, says it is planning energy projects in Belarus, Russian media report

Published 14 Sep, 2013 06:21pm

Energy

Hungary MOL won't give up management control at INA

BUDAPEST: Hungarian oil and gas group MOL won't give up management control of Croatian utility INA, a senior MOL off

Published 13 Sep, 2013 05:36pm

Energy

Oil slips below $112 as Middle East war fears ease

LONDON: Brent crude oil fell below $112 a barrel on Friday after the US and Russian foreign ministers agreed to push for

Published 13 Sep, 2013 01:52pm

Energy

IEA sees oil market improving, but emerging markets face rough ride

PARIS: An increase in output should help cushion oil markets seized by tension over a possible conflict in the Middle Ea

Published 12 Sep, 2013 09:17am

Energy

Urals edge lower on weak demand

LONDON: Spot differentials on Russia's medium sour Urals weakened on Wednesday on the back of weak margins and refin

Published 11 Sep, 2013 05:02pm

Energy

UK spot gas prices rise as Norwegian supply rerouted to Germany

LONDON: British prompt gas prices rose on Tuesday morning as Norway rerouted supplies away from Britain towards Germany,

Published 10 Sep, 2013 01:06pm

Energy

Oil at two-week low near $112 as expectations of Syria strike ebb

LONDON: Global oil prices fell towards $112 a barrel on Tuesday, touching their lowest level in two weeks as a Russian p

Published 10 Sep, 2013 12:59pm

Energy

BP says makes 'significant' Egypt gas discovery

LONDON: British energy giant BP on Monday said it had discovered a "significant" amount of gas in the East Nile Delta af

Published 09 Sep, 2013 11:39am

Energy

Norway's gas output reduced after Troll field shutdown

OSLO: Norwegian natural gas exports to Europe were reduced on Sunday after a shutdown at Statoil's Troll facility, t

Published 08 Sep, 2013 11:46am

Energy

Oil holds above $115 as US Syria strike plan passes 1st hurdle

LONDON: Global oil prices held above $115 a barrel on Thursday after US President Barack Obama won some support from law

Published 05 Sep, 2013 09:33am

Energy

Oil twitches higher on Middle East nerves

LONDON: Oil futures gained on Tuesday after an Israeli missile test in the Mediterranean jangled traders' nerves on

Published 03 Sep, 2013 12:46pm

Energy

UK spot gas slips lower as weather saps demand

LONDON: British prompt gas prices fell on Tuesday on rising supply confidence and expectations that warm weather is due

Published 03 Sep, 2013 12:29pm

Energy

Oil drops as Obama seeks Congress approval on Syria

LONDON: Oil prices fell on Monday after US President Barack Obama said he would seek approval from lawmakers for militar

Published 02 Sep, 2013 02:08pm

Energy

Oil steadies around $114 as supply worries ease

LONDON: Brent crude oil steadied around $114 on Monday, after a week of gains, as a military strike against Syria looked

Published 02 Sep, 2013 12:51pm

Energy

Oil steadies around $114 as supply worries ease

LONDON: Brent crude oil steadied around $114 on Monday, after a week of gains, as a military strike against Syria looked

Published 02 Sep, 2013 12:26pm

Energy

Oil drops as Obama seeks Congress approval on Syria

LONDON: Oil prices fell on Monday after US President Barack Obama said he would seek approval from lawmakers for militar

Published 02 Sep, 2013 12:20pm

Energy

Russian oil output up to 10.52mn bpd in August

MOSCOW: Oil output from Russia, the world's biggest producer, edged up almost 1 percent to an average of 10.52 milli

Published 02 Sep, 2013 06:30am

Energy

Oil market slides on Syria news

LONDON: World oil prices fell further on Friday as prospects receded for an imminent Western military strike against Syr

Published 30 Aug, 2013 12:40pm

Energy

PKN delays units maintenance on continued demand

WARSAW: PKN Orlen, Poland's largest oil refiner, has delayed maintenance shutdowns at its two production units due t

Published 30 Aug, 2013 11:55am

Energy

Oil strikes two-year peak on supply fears

LONDON: New York oil hit the highest level for more than two years on Wednesday, with concerns about Middle East supplie

Published 28 Aug, 2013 09:29pm

Energy

Urals weakens as Russia reroutes oil from Belarus

MOSCOW: Russian Urals crude weakened further on Wednesday to its lowest since mid-May after Russia ordered a supply cut

Published 28 Aug, 2013 04:06pm

Energy

Oil surges to two-year peaks on supply fears

LONDON: New York oil rallied to the highest level for more than two years on Wednesday, with concerns about Middle East

Published 28 Aug, 2013 12:39pm

Energy

UK winter gas touches two-week high on bullish oil market

LONDON: British winter gas prices rose to the highest level in nearly two weeks on Wednesday after oil prices touched a

Published 28 Aug, 2013 11:39am

Energy

Brent oil hits 6-month high as West readies Syria strike

LONDON: Brent crude surged to a six-month high on Wednesday as western countries prepared to attack Syria, raising conce

Published 28 Aug, 2013 11:34am

Energy

Syrian crisis drags down European airline stocks, boosts oil shares

LONDON: A spike in oil prices dented airline shares on Wednesday, helping push down European equities for a third day as

Published 28 Aug, 2013 11:31am

Energy

Brent oil surges to six-month highs on Syria fears

LONDON: Oil prices soared on Tuesday, with Brent crude striking six-month highs on Middle East supply concerns amid the

Published 27 Aug, 2013 04:03pm

Energy

UK gas prices ease after Norway's Kollsnes restarts operations

LONDON: British wholesale gas prices dropped on Tuesday morning after maintenance ended at Norway's Kollsnes gas pro

Published 27 Aug, 2013 12:30pm

Energy

Brent rises to $112 as tension over Syria rises

LONDON: Brent crude rose to $112 a barrel on Tuesday, nearly a six month high, as rising tension over a suspected chemic

Published 27 Aug, 2013 11:50am

Energy

Brent rises to $112 as tension over Syria rises

LONDON: Brent crude rose to $112 a barrel on Tuesday, nearly a six month high, as rising tension over a suspected chemic

Published 27 Aug, 2013 11:27am

Energy

Norway gas output cut by another 22 mcm/d on Monday: Gassco

OSLO: Norwegian gas output will be reduced by a further 22 million cubic metres per day on Monday due to a delayed gas f

Published 26 Aug, 2013 01:42pm

Energy

Russia Urals oil exports to rise to 2.3mn T

MOSCOW: Exports of Russia's medium sour Urals crude oil from the Baltic port of Ust-Luga will rise by around 20 perc

Published 26 Aug, 2013 01:09pm

Energy

Statoil gas output up by total of 3.9 mcm per day on Sat

OSLO: Statoil's gas output will increase by 3.9 million cubic metres (mcm) per day overall on Saturday, the firm sai

Published 24 Aug, 2013 12:42pm

Energy

Commodities enjoy mixed fortunes

LONDON: Commodity markets diverged this week, torn between strong global economic data, and ongoing worries over the pos

Published 23 Aug, 2013 07:16pm

Energy

Oil climbs on global demand hopes

LONDON: World oil prices rose on Friday, energised by hopes that recent strong global economic data will translate into

Published 23 Aug, 2013 01:01pm

Energy

Norway cuts oil price forecasts for 2014, 2015

OSLO: Norway's government is cutting its projections for oil prices by 4 percent for next year and 11 percent for 20

Published 23 Aug, 2013 05:47am

Energy

UK gas prices firm on Norwegian maintenance

LONDON: British gas prices rose on Thursday morning as the system opened slightly undersupplied.Gas for delivery the nex

Published 22 Aug, 2013 12:24pm

Energy

Oil rises towards $110 on strong China, euro zone data

LONDON: Brent crude rose towards $110 a barrel on Thursday as upbeat data from China and the euro zone kindled hopes for

Published 22 Aug, 2013 12:04pm

Energy

European stocks close lower

LONDON: European stock markets closed down on Tuesday, with London's FTSE 100 index of leading shares ending 0.19 pe

Published 20 Aug, 2013 04:50pm

Energy

Oil prices slip as investors eye Fed

LONDON: World oil prices declined on Tuesday in cautious deals on the eve of minutes from the US Federal Reserve, dealer

Published 20 Aug, 2013 12:42pm

Energy

Wood Group held back by Canadian oil uncertainty

LONDON: Energy services company John Wood Group expects weakening Canadian demand to restrict earnings growth for its oi

Published 20 Aug, 2013 12:27pm

Energy

Cairn Energy says interim losses deepen

LONDON: British oil and gas explorer Cairn Energy posted widening first-half losses on Tuesday, because of big write-dow

Published 20 Aug, 2013 08:36am

Energy

Libya declares force majeure on four oil ports

LONDON: Libya's state oil company National Oil Corp (NOC) has declared force majeure on crude oil and oil product ex

Published 19 Aug, 2013 02:48pm

Energy

Statoil Troll field to see reduced capacity this winter

STAVANGER: Ongoing technical problems at the giant Troll gas field in the North Sea will reduce Statoil's capacity t

Published 19 Aug, 2013 02:37pm

Energy

Speculators' Brent longs hit record high: ICE

LONDON: Large speculators raised their net long positions in Brent crude oil futures and options to a record high in the

Published 19 Aug, 2013 01:16pm

Energy

Oil prices drop ahead of US stockpiles data

LONDON: Oil prices fell on Wednesday as the dollar firmed and caution set into the market ahead of a US crude inventory

Published 14 Aug, 2013 02:54pm

Energy

Oil prices rise on Libya supply strains

LONDON: World oil prices rose on Tuesday on reports of fresh supply disruptions in crude exporter Libya, analysts said.B

Published 13 Aug, 2013 12:19pm

Energy

Brent falls below $108 after rally, US data in focus

LONDON: Brent crude oil dropped below $108 per barrel on Monday after a sharp rally in the previous session as investors

Published 12 Aug, 2013 03:42pm

Energy

UK prompt gas prices slip on oversupply

LONDON: British prompt gas prices fell slightly on Thursday as ample supplies and mild weather reduced price volatility

Published 08 Aug, 2013 11:55am

Energy

Brent slips below $107, shuns robust China oil data

LONDON: Brent crude fell below $107 a barrel on Thursday as investors overlooked robust Chinese oil import figures and f

Published 08 Aug, 2013 11:53am

Energy

Oil falls below $108

LONDON: Oil fell below $108 per barrel on Wednesday, dropping for a fourth session, as concern eased about supply disrup

Published 07 Aug, 2013 11:35am

Energy

Oil falls below $108 as supply worries ease

LONDON: Oil fell below $108 per barrel on Wednesday, dropping for a fourth session, as concern eased about supply disrup

Published 07 Aug, 2013 11:11am

Energy

Oil prices rebound

LONDON: Oil prices rebounded on Tuesday as a weaker dollar pushed up demand for crude and owing to tensions over the Mid

Published 06 Aug, 2013 01:25pm

Energy

UK gas prices remain firm on North Sea outages

LONDON: British prompt gas prices remained firm on Tuesday morning as North Sea outages kept the system tight despite lo

Published 06 Aug, 2013 11:13am

Energy

Brent rises above $109 on Middle East tension

LONDON: Brent crude climbed above $109 a barrel on Tuesday as tension rose in the Middle East and oil stockpiles in top

Published 06 Aug, 2013 11:06am

Energy

Drops on low demand and higher capacity

LONDON: Nordic power prices fell across the board on Friday on weak consumption and healthy capacity, but analysts said

Published 02 Aug, 2013 11:51am

Energy

Schneider nears $5bn Invensys deal

LONDON: France's Schneider Electric is nearing a 3.3 billion pounds ($5.07 billion) deal to acquire British engineer

Published 30 Jul, 2013 03:18pm

Energy

BP returns to $2.042bln net profit in Q2

LONDON: BP said Tuesday that it returned to profit in the second quarter of 2013, after the previous year's loss ove

Published 30 Jul, 2013 06:36am

Energy

Russia domestic crude rally surges on, prices at record high

MOSCOW: Domestic crude oil prices in Russia, the world's top producer, surged by over 14 percent to an all-time high

Published 29 Jul, 2013 01:59pm

Energy

2012 exports jump on higher output: OPEC

LONDON: OPEC's petroleum exports jumped in value by almost 10 percent in 2012 year-on-year and the producers' GD

Published 29 Jul, 2013 01:47pm

Energy

Oil firms above $107 as dollar balances demand worries

LONDON: Brent crude oil steadied above $107 a barrel on Monday, weighed down by concerns about demand growth but support

Published 29 Jul, 2013 11:54am

Energy

Oil prices fall on concerns over Chinese economy

LONDON: World oil prices turned lower on Friday, as Chinese demand concerns returned to haunt the market, analysts said.

Published 26 Jul, 2013 01:01pm

Energy

RusPetro says tight oil tax relief to provide big boost

MOSCOW: RusPetro, the only Russian company focused on hard-to-extract "tight oil", said it would get significant tax rel

Published 26 Jul, 2013 10:53am

Energy

Brent oil falls on Chinese data, rising US output

LONDON: Brent oil fell below $107 a barrel on Thursday after weak Chinese economic data dimmed the outlook for fuel dema

Published 25 Jul, 2013 11:23am

Energy

Brent slips below $107 on weak China data, rising US supply

LONDON: Brent crude slipped below $107 a barrel on Thursday after weak Chinese economic data dimmed the outlook for fuel

Published 25 Jul, 2013 10:03am

Energy

Oil falls below $108 as China manufacturing slows

LONDON: Brent crude oil fell below $108 on Wednesday as weak China data renewed concerns over demand growth from the wor

Published 24 Jul, 2013 01:42pm

Energy

Oil prices diverge

LONDON; World oil prices traded mixed on Tuesday, with New York crude taking a hit from disappointing US data, according

Published 23 Jul, 2013 04:07pm

Energy

Oil prices retreat

LONDON: World oil prices dropped on Tuesday, with New York crude taking a hit from disappointing US data, according to a

Published 23 Jul, 2013 12:55pm

Energy

Scottish govt oil tax would not change with independence

LONDON: The Scottish government, seeking a split from Britain, pledged in a paper on Tuesday to examine ways of maximisi

Published 23 Jul, 2013 12:46pm

Energy

Oil retreats as demand growth seen fragile

LONDON: Brent crude oil fell below $108 per barrel on Tuesday as recent strong price gains fed into worries about demand

Published 23 Jul, 2013 11:39am

Energy

Gulf Keystone moves to end spat with shareholders

LONDON: Oil exploration company Gulf Keystone Petroleum has withdrawn its opposition to four directors proposed by share

Published 21 Jul, 2013 12:37pm

Energy

Oil prices ending week higher

LONDON: Oil prices advanced on Friday, building on the week's gains triggered by positive global economic data that

Published 19 Jul, 2013 01:55pm

Energy

New York oil price above Brent for first time in three years

LONDON: New York crude oil traded above Brent prices for the first time since August 2010 on Friday, driven by a brighte

Published 19 Jul, 2013 01:41pm

Energy

Brent rises to $109 on demand growth prospects

LONDON: Brent crude oil rose to $109 a barrel on Friday after encouraging economic data and a sharp decline in US crude

Published 19 Jul, 2013 12:39pm

Energy

Hot weather, low wind lift next week prices

FRANKFURT: European spot power prices for early next week rose on Friday, boosted by rising demand for air conditioning

Published 19 Jul, 2013 12:19pm

Energy

Physical prices steady as Colombia talks continue

LONDON: European physical coal prices were broadly steady on Thursday as traders waited to see whether last-ditch talks

Published 18 Jul, 2013 07:47pm

Energy

Oil slips as dollar gains offset US stocks draw

LONDON: Brent oil fell on Thursday to near $108 a barrel as a strengthening dollar undercut expectations for rising dema

Published 18 Jul, 2013 09:52am

Energy

Oil prices drop before US stockpiles data

LONDON: Oil prices edged down on Wednesday as investors awaited the release of US crude stockpiles data for clues about

Published 17 Jul, 2013 01:51pm

Energy

UK lowers gas price forecast after buyers get discounts

LONDON: Britain's energy ministry has lowered its medium-term gas price forecast after a number of European gas buye

Published 17 Jul, 2013 01:35pm

Energy

Brent slips below $108 ahead of Fed testimony

LONDON: Brent crude oil slipped below $108 a barrel on Wednesday as the dollar gained ahead of eagerly awaited word from

Published 17 Jul, 2013 12:33pm

Energy

UK gas prices gain as flows fall, exports rise

LONDON: British prompt gas prices rose on Tuesday morning as lower pipeline flows and an increase in exports to continen

Published 16 Jul, 2013 01:12pm

Energy

Brent crude oil hits 3-month high on tight supply

LONDON: Brent crude oil rose towards $110 per barrel on Tuesday, reaching a three-month high, due to lower inventories,

Published 16 Jul, 2013 01:02pm

Energy

Premier Oil sells Vietnam unit for possible $100m price tag

LONDON: Britain's Premier Oil said on Tuesday it had sold its wholly owned Vietnam South subsidiary for an immediate

Published 16 Jul, 2013 12:39pm

Energy

Oil prices firm on weaker dollar

LONDON: Oil prices rose on Tuesday as the dollar weakened and traders mulled the impact of China's economic slowdown

Published 16 Jul, 2013 12:20pm

Energy

Oil slips on China's economic slowdown

LONDON: World oil prices edged lower on Monday after weak economic data in both China and the United States, the two big

Published 15 Jul, 2013 07:30pm

Energy

UK Theddlethorpe gas terminal outage extended to July 16

LONDON: ConocoPhillips has extended a planned maintenance outage at its Theddlethorpe gas terminal in Britain by one day

Published 15 Jul, 2013 12:21pm

Energy

Oil drops on China's economic slowdown

LONDON: World oil prices fell on Monday on news of an economic slowdown in top global energy consumer China, analysts sa

Published 15 Jul, 2013 12:19pm

Energy

Speculators increase long Brent futures positions: ICE

LONDON: Speculators increased net long positions in Brent crude oil futures in the week to July 9, data from the Interco

Published 15 Jul, 2013 11:52am

Energy

UK gas prices ease on warm weather outlook

LONDON: British prompt gas prices eased slightly on Monday morning as warm weather kept demand far below the seasonal no

Published 15 Jul, 2013 11:46am

Energy

Brent eases slightly as China growth concerns weigh

LONDON: Brent crude edged lower on Monday as data showing a slowdown in China's economic growth and weak momentum in

Published 15 Jul, 2013 11:41am

Energy

Gulf Keystone recommends voting against M&G nominees

LONDON: Oil exploration firm Gulf Keystone said its board would recommend that shareholders vote against four proposed d

Published 13 Jul, 2013 01:08pm

Energy

Brent falls towards $108 on bearish fundamentals

LONDON: Brent crude fell towards $108 per barrel on Thursday after a monthly IEA oil report dampened bullish sentiment,

Published 11 Jul, 2013 12:07pm

Energy

Brent rises toward $109, hits 3-month peak on Fed stance

SINGAPORE: Brent crude climbed to a more than three-month high near $109 per barrel on Thursday amid hopes the US Federa

Published 11 Jul, 2013 09:04am

Energy

Oil strikes new 14-month high point

LONDON: Global oil prices hit a 14-month pinnacle on Wednesday, buoyed by strong energy demand in the United States, the

Published 10 Jul, 2013 01:36pm

Energy

Oil rises as US crude stocks shrink; China caps gains

LONDON: Oil prices on both sides of the Atlantic rose on Wednesday, with the US benchmark climbing to a 14-month high ne

Published 10 Jul, 2013 10:03am

Energy

Oil prices narrowly mixed amid supply concerns

LONDON: Global oil prices were narrowly mixed on Tuesday amid easing worries over potential Middle East supply disruptio

Published 09 Jul, 2013 04:04pm

Energy

Chevron wants more dialogue on Poland shale gas rules

WARSAW: Energy major Chevron said on Tuesday it was committed to shale gas exploration in Poland though it wanted more c

Published 09 Jul, 2013 03:15pm

Energy

Oil slips towards $107 as supply worries ease

LONDON: Brent crude oil fell towards $107 a barrel on Tuesday as worries about supply disruptions in the Middle East eas

Published 09 Jul, 2013 12:19pm

Energy

Oil dips as supply resumes; gold, copper up on dollar slips

NEW YORK: Oil prices slipped on Monday as supply worries eased after announcements that a Libyan oilfield and an Iraqi p

Published 08 Jul, 2013 10:49pm

Energy

Oil prices retreat

LONDON: World oil prices eased on Monday on profit-taking after a pre-weekend rally sparked by better-than-expected jobs

Published 08 Jul, 2013 04:08pm

Energy

Shale gas explorer Cuadrilla to step up work

LONDON: British shale gas driller Cuadrilla said on Friday it aims to step up exploration and hydraulic fracturing work

Published 05 Jul, 2013 12:34pm

Energy

Oil prices hit 14-month peak

LONDON: Global oil prices rallied on Wednesday, with New York crude hitting a 14-month peak on concerns that the politic

Published 03 Jul, 2013 01:40pm

Energy

Fennovoima homes in on Rosatom for nuclear project

HELSINKI: Rosatom is the only player left in talks to supply a reactor to Finnish nuclear consortium Fennovoima for its

Published 03 Jul, 2013 01:11pm

Energy

Oil rises on US oil stock decline, Egypt

LONDON: Oil surged on Wednesday on a sharp decline in crude stockpiles in top consumer the United States and political u

Published 03 Jul, 2013 12:29pm

Energy

US spot natural gas prices up again on warm weather

NEW YORK: US spot natural gas prices rose at nearly every price point on Tuesday with intense heat in the west likely to

Published 02 Jul, 2013 10:20pm

Energy

Gazprom Neft to get first oil at Prirazlomnoye field in Q4

MOSCOW: Gazprom Neft, the oil arm of Russian state gas export monopoly Gazprom, plans to pump first oil at its Arctic Pr

Published 02 Jul, 2013 02:29pm

Energy

Croatia to offer gas, oil concessions in 2014

ZAGREB: Croatia plans to sign agreements worth millions of dollars in 2014 for exploration and exploitation of gas and o

Published 02 Jul, 2013 01:19pm

Energy

Oil rises on supply worry, improving economy

LONDON: Brent crude oil rose above $103 a barrel on Tuesday, up for a second day due to concerns about supply disruption

Published 02 Jul, 2013 11:49am

Energy

Oil rises on supply worry, improving economy

LONDON: Brent oil rose above $103 a barrel on Tuesday, up for a second day due to concerns about supply disruptions in t

Published 02 Jul, 2013 09:42am

Energy

US natgas futures rise, supported by heat in West

NEW YORK: US natural gas futures rose slightly on Monday, edging up from Friday's nearly four-month spot chart low a

Published 01 Jul, 2013 11:20pm

Energy

US spot natural gas prices mostly higher; strongest in California

NEW YORK: US spot natural gas prices rose at most price points on Monday as weekday demand returned, with California sho

Published 01 Jul, 2013 11:14pm

Energy

SOCAR, BP, Total to join TAP gas pipeline project

BAKU: Azeri state energy company SOCAR said on Friday it plans to join the Trans Adriatic Pipeline (TAP) project for nat

Published 28 Jun, 2013 12:49pm

Energy

German, Austrian power capacity to ease by 1.3pc

FRANKFURT: German and Austrian available power plant capacity is likely to ease by 1.3 percent in the seven days to July

Published 28 Jun, 2013 12:31pm

Energy

Oil up as fears of stimulus pull-back fade

LONDON: Brent crude oil rose for a fourth session on Thursday to above $102 a barrel, supported as investor conviction s

Published 27 Jun, 2013 09:00am

Energy

Azeri gas consortium rejects Nabucco pipeline: OMV

VIENNA: The consortium developing an immense new Azeri gas field, part of European efforts to reduce dependence on Russi

Published 26 Jun, 2013 02:06pm

Energy

Oil prices ease on US, China concerns

LONDON: Oil prices dropped on Monday as traders focused on economic stimulus concerns surrounding the United States and

Published 24 Jun, 2013 04:08pm

Energy

Oil prices ease on US, China concerns

LONDON: Oil prices dropped slightly on Monday as traders focused on economic stimulus concerns surrounding the United St

Published 24 Jun, 2013 02:42pm

Energy

Brent near 3-week low on China growth worries, dollar

LONDON: Brent crude traded near its lowest in three weeks after dropping below $100 on Monday as the dollar firmed and i

Published 24 Jun, 2013 02:13pm

Energy

Oil prices recover slightly

LONDON: Oil prices rebounded slightly on Friday, a day after tumbling on concerns over the US central bank ending its mu

Published 21 Jun, 2013 12:52pm

Energy

Rosneft to boost oil flows to China $270bn

ST PETERSBURG: Russia's Rosneft agreed to double oil supplies China, in a deal it valued at $270 billion on Friday,

Published 21 Jun, 2013 12:00pm

Energy

Oil prices diverge after US inventory report

LONDON: Oil prices diverged on Wednesday as investors digested news of a surprise jump in US crude stockpiles, while the

Published 19 Jun, 2013 04:12pm

Energy

Oil prices rise before stockpiles data, Fed meet

LONDON: Oil prices rose on Wednesday, as investors awaited an update on US energy stockpiles, and for clues on when the

Published 19 Jun, 2013 01:42pm

Energy

Oil price strikes nine-month peak

LONDON: The price of New York's main oil benchmark hit a nine-month peak on Monday, as traders worried that the Syri

Published 17 Jun, 2013 12:51pm

Energy

Oil steadies above $106 on Mideast, expected demand

LONDON: Brent crude oil steadied above $106 per barrel on Monday as a superpower standoff over the Syrian civil war inte

Published 17 Jun, 2013 10:23am

Energy

Oil prices climb on geopolitical fears

LONDON: Global oil prices hit one-month peaks on Friday, winning support partly from geopolitical tensions in Syria and

Published 14 Jun, 2013 01:59pm

Energy

European stocks rise after rollercoaster Thursday

LONDON: Europe's top stock markets rose on Friday but gains were capped by disappointing economic data out of the eu

Published 14 Jun, 2013 01:30pm

Energy

Oil prices extend losses

LONDON: Oil prices fell for a second day running on Tuesday, dragged lower by downbeat Chinese economic data that highli

Published 11 Jun, 2013 01:26pm

Energy

Czech group Unipetrol to invest $1bn over five years

PRAGUE: Czech downstream oil group Unipetrol plans to invest 19 billion crowns ($976 million) over the next five years u

Published 11 Jun, 2013 12:00pm

Energy

UAE picks Excelerate Energy to build LNG terminal

LONDON: US-based Excelerate Energy has won a contract to build a liquefied natural gas (LNG) import terminal in the Unit

Published 11 Jun, 2013 11:49am

Energy

Oil prices retreat on China data

LONDON: Oil prices fell on Monday in the wake of poorly-received Chinese economic data which offset positive US jobs num

Published 10 Jun, 2013 12:22pm

Energy

Investors raise Brent futures longs, gasoil shorts

LONDON: Speculators raised their net long positions in Brent crude oil futures and net short positions in gasoil in the

Published 10 Jun, 2013 11:50am

Energy

Oil prices rise before US jobs data

LONDON: World oil prices rose on Friday on the back of the weaker dollar as dealers awaited the release of crucial US jo

Published 07 Jun, 2013 04:20pm

Energy

Brent rises towards $104 on S.Korea rebate, US stock drop

LONDON: Brent crude rose towards $104 a barrel on Wednesday after South Korea's sweetened incentives for non-Middle

Published 05 Jun, 2013 09:16am

Energy

Oil prices rebound

LONDON: Oil prices rebounded slightly on Monday following sharp losses before the weekend that had been caused by weak d

Published 03 Jun, 2013 12:12pm

Energy

Oil prices fall ahead of OPEC output decision

LONDON: World oil prices dropped on Friday as traders awaited the outcome of an OPEC output meeting.Brent North Sea crud

Published 31 May, 2013 01:08pm

Energy

OPEC to maintain oil output ceiling: Venezuela

VIENNA: OPEC has agreed to maintain its collective output ceiling at 30 million barrels per day, Venezuelan Energy Minis

Published 31 May, 2013 12:37pm

Energy

Repsol says wants money for YPF, not assets

MADRID: Spanish oil major Repsol wants to be paid for the loss of its YPF business in Argentina rather than accepting as

Published 31 May, 2013 11:55am

Energy

Europe to tackle problems behind power plant closures

LONDON: European governments need to move faster to reform their energy markets if they are to reverse the closure of po

Published 29 May, 2013 03:49pm

Energy

Norway gas exports rise to Germany, fall to UK

OSLO: Norwegian pipeline gas exports firmed on Wednesday on higher flows to Germany, which more than offset a drop in su

Published 29 May, 2013 12:23pm

Energy

Oil slips back on economy uncertainty

LONDON: Brent crude oil futures retreated on Wednesday, on worries that the Federal Reserve could phase out its stimulus

Published 29 May, 2013 11:50am

Energy

Oil slips back on economy uncertainty

LONDON: Brent crude oil futures retreated on Wednesday, on worries that the Federal Reserve could phase out its stimulus

Published 29 May, 2013 09:47am

Energy

Bankia stock tumbles after new shares hit market

MADRID: Shares in state-owned Spanish lender Bankia tumbled on Tuesday after billions of new shares flooded the market a

Published 28 May, 2013 11:52am

Energy

Norway gas exports inch up to Britain

OSLO: Norwegian pipeline gas exports edged higher on Tuesday morning on a slight increase in flows to Britain, while sup

Published 28 May, 2013 11:31am

Energy

Greece modifies DEPA privatisation terms: source

ATHENS: Greece agreed to change some terms in the planned privatisation of natural gas distributor DEPA, opening the way

Published 25 May, 2013 11:46am

Energy

Russia to steeply cut Baltic oil loadings

LONDON: Russia will steeply cut Urals crude oil exports from Baltic ports in June and load a total of 58 cargoes compare

Published 24 May, 2013 11:42am

Energy

Venezuela, Russia in joint oil venture

BARCELONA: Venezuela and Russia formed a joint venture Thursday to produce 120,000 barrels of oil a day by 2016 in two f

Published 24 May, 2013 06:49am

Energy

Oil drops below $102 on demand doubts

LONDON: Oil fell below $102 a barrel on Thursday in a broader commodities selloff as a decline in China's factory ac

Published 23 May, 2013 09:33am

Energy

Brent dips towards $103 on US demand worries

LONDON: Brent crude oil dropped towards $103 per barrel on Wednesday after data showing a surprise jump in US gasoline s

Published 22 May, 2013 08:54am

Energy

Oil prices drop before Fed chief's testimony

LONDON: World oil prices fell on Tuesday as traders looked ahead to the latest thoughts of Federal Reserve chief Ben Ber

Published 21 May, 2013 01:53pm

Energy

Oil falls on concern about Federal Reserve direction

LONDON: Brent oil futures fell towards $104 per barrel on Tuesday on concerns that the US Federal Reserve might scale ba

Published 21 May, 2013 09:59am

Energy

Hellenic issues tender to buy Russian oil

LONDON: Hellenic Petroleum, Greece's largest refiner, has issued a tender to buy an 80,000 tonne cargo of Russian Ur

Published 20 May, 2013 04:18pm

Energy

Oil slips towards $104 on demand outlook

LONDON: Brent crude oil slipped towards $104 per barrel on Monday, weighed by ample supplies, weaker demand for fuel and

Published 20 May, 2013 04:01pm

Energy

Statoil gas output cut by 11.5 mcm per day

OSLO: Norway's Statoil said its gas output will be reduced by 11.5 million cubic metres (mcm) per day on Monday due

Published 20 May, 2013 03:05pm

Energy

Oil above $104 on stronger equities, weaker dollar

LONDON: Brent crude oil held above $104 per barrel on Monday, supported by strong equity markets and a slightly lower do

Published 20 May, 2013 09:51am

Energy

Oil price probe widens, US senator wants Justice Dept help

LONDON/WASHINGTON: A European probe into possible oil price manipulation expanded with the investigation of a small nich

Published 18 May, 2013 06:32am

Energy

Oil prices extend gains

LONDON: World oil prices rose further on Friday on talk of a potential scaling back of US stimulus measures and despite

Published 17 May, 2013 01:46pm

Energy

US crude futures drop $1 a barrel

LONDON: US crude oil futures shed $1 on Thursday to $93.30 a barrel as a sharper-than-expected drop in US factory output

Published 16 May, 2013 08:47am

Energy

Saras, Rosneft eying Italy retail network of Shell

MILAN: Italian refiner Saras and Russian partner Rosneft are eying the petrol station network that oil major Royal Dutch

Published 15 May, 2013 04:49pm

Energy

Oil prices extend losses before US energy report

LONDON: Global oil prices slid on Wednesday as traders awaited the latest inventories report from leading world consumer

Published 15 May, 2013 02:41pm

Energy

Oil prices dip as IEA predicts plentiful shale supply

LONDON: Crude prices fell on Tuesday after the International Energy Agency declared that booming oil output in North Ame

Published 14 May, 2013 12:27pm

Energy

Oil falls below $103 on weak China demand

LONDON: Crude prices fell below $103 a barrel on Monday weighed down by a drop to an eight-month low in oil demand in Ch

Published 13 May, 2013 02:31pm

Energy

Oil slips below $103 on weak China demand

LONDON: Crude prices slipped below $103 a barrel on Monday weighed by a stronger dollar and a drop to an eight-month low

Published 13 May, 2013 01:16pm

Energy

Speculators raise Brent crude oil net longs: ICE

LONDON: Speculators raised their net long positions in Brent crude oil futures and options in the week to May 7, but als

Published 13 May, 2013 11:41am

Energy

Oil prices fall sharply

LONDON: Global oil prices recoiled on Friday on profit-taking and as the dollar surged to a four-year high point against

Published 10 May, 2013 01:27pm

Energy

Brent crude falls more than $1/bbl

LONDON: Brent crude futures fell more than $1 a barrel on Friday as supplies rose and doubts emerged over China's ec

Published 10 May, 2013 01:04pm

Energy

OPEC sees higher oil demand in second half

LONDON: OPEC will need to pump slightly more oil than it thought in 2013 and expects global consumption to be much highe

Published 10 May, 2013 12:27pm

Energy

Brent oil prices slip on US energy report

LONDON: Brent oil prices dipped on Wednesday after a key US report showed that crude stockpiles had soared again last we

Published 08 May, 2013 04:55pm

Energy

Oil falls below $104 as concerns outweigh China data

LONDON: Oil slipped below $104 a barrel on Wednesday as a rise in crude imports by China and a surprise jump in German i

Published 08 May, 2013 12:12pm

Energy

Oil below $105 as Middle East risk premium fades

LONDON: Brent crude oil fell below $105 per barrel on Tuesday, after the risk premium caused by an Israeli air strike on

Published 07 May, 2013 09:21am

Energy

North Sea Oseberg loadings to rise in June

LONDON: The North Sea Oseberg crude oil production stream will load about 160,000 barrels per day (bpd) in June, up from

Published 03 May, 2013 05:06pm

Energy

Oil prices recover on US jobless data

LONDON: Oil prices rebounded slightly Thursday on positive US jobs data and from sharp falls in previous days amid weake

Published 02 May, 2013 05:24pm

Energy

Oil holds near $100, shaky economic outlook weighs

LONDON: Oil held near $100 a barrel on Thursday, pressured by ample supplies and by fresh signals of weak global economi

Published 02 May, 2013 09:54am

Energy

Brent crude falls below $101 on Chinese data

LONDON: Oil dropped below $101 a barrel on Wednesday, extending its biggest monthly drop in 11 months in April, as fresh

Published 01 May, 2013 12:07pm

Energy

Oil stems slide on expectations of stimulus

LONDON: Brent oil held near $104 per barrel on Tuesday, as worries about demand outlook were offset by expectations the

Published 30 Apr, 2013 12:08pm

Energy

BP says Q1 net profits triple to $16.86bn

LONDON: British energy giant BP said Tuesday that net profits almost tripled in the first quarter of 2013, boosted by th

Published 30 Apr, 2013 07:57am

Energy

British prompt gas prices edge higher

LONDON: British prompt gas prices rose on Monday morning as lower pipeline supplies from Norway left the system undersup

Published 29 Apr, 2013 01:21pm

Energy

Statoil's Snohevit LNG plant restarts production

OSLO: Norway's Statoil has restarted production at its Snoehvit liquefied natural gas (LNG) plant, the nothernmost L

Published 29 Apr, 2013 01:15pm

Energy

Oil prices mixed amid US demand concerns

LONDON: World oil prices diverged on Monday in a mixed start to the week, as some traders took profits and eyed ongoing

Published 29 Apr, 2013 12:28pm

Energy

Oil slips towards $103 on tepid growth outlook

LONDON: Brent crude oil slipped towards $103 per barrel on Monday as a shaky outlook for growth in the world's bigge

Published 29 Apr, 2013 11:37am

Energy

Oil slips to $103 on tepid growth outlook

LONDON: Brent crude oil slipped to $103 per barrel on Monday as an uncertain outlook for growth in the world's two l

Published 29 Apr, 2013 09:05am

Energy

Spanish inflation falls as energy prices tumble

MADRID: Spain reported Monday a fall in annual inflation in April as energy costs tumbled in the recession-hit economy.C

Published 29 Apr, 2013 07:53am

Energy

Brent slips under $103 on murky global economic outlook

SINGAPORE: Brent crude dropped below $103 a barrel on Monday as investors fretted about the uncertain outlook for growth

Published 29 Apr, 2013 06:10am

Energy

Total profit gets tarred in first quarter

PARIS: French oil giant Total said Friday its first quarter net profit fell by more than half as it booked a huge loss o

Published 26 Apr, 2013 08:12am

Energy

Spot gains on lower wind, partly offset by imports

OSLO: Nordic spot power prices gained slightly on lower wind power output but this was partly offset by imports of cheap

Published 24 Apr, 2013 02:30pm

Energy

Brent steadies around $100 as economic worries hold

LONDON: Oil futures steadied around $100 a barrel on Monday, retrieving only a fraction of the ground lost over the past

Published 22 Apr, 2013 10:00am

Energy

Composites can compete with steel in deep-water oil pipes

LONDON: As the oil industry moves into ever deeper waters engineering firms Magma Global and Airborne are competing to d

Published 20 Apr, 2013 02:57pm

Energy

Oil bounces as sell-off is seen over-stretched

LONDON: Brent crude oil jumped by more than a dollar to $99 a barrel on Thursday, snapping a six-session losing streak,

Published 18 Apr, 2013 10:28am

Energy

Vivo Energy to invest $200mn in African fuel sector

LAUSANNE: Vivo Energy, a joint venture between oil trader Vitol, Royal Dutch Shell and Helios Investment Partners, will

Published 17 Apr, 2013 02:03pm

Energy

Brent drops below $99; demand worries persist

LONDON: Brent crude fell below $99 per barrel on Wednesday, weighed by the prospect of sluggish fuel demand in top consu

Published 17 Apr, 2013 12:10pm

Energy

Brent falls towards $99; demand worries persist

LONDON: Brent crude slid towards $99 per barrel on Wednesday, weighed by the prospect of sluggish fuel demand in top con

Published 17 Apr, 2013 10:18am

Energy

Enel GP sees 2017 core earnings at 2.5-2.7bn euros

MILAN: Italy's biggest renewable energy company Enel Green Power said on Tuesday it expected its core earnings in 20

Published 16 Apr, 2013 03:58pm

Energy

Brent oil slides to fresh nine-month low

LONDON: Brent oil struck a nine-month low on Tuesday on demand fears after poor Chinese and US economic data, with senti

Published 16 Apr, 2013 12:52pm

Energy

Brent drops below $100 for first time since July

LONDON: Brent crude sank below $100 a barrel for the first time in nine months on Tuesday in a broad commodities rout af

Published 16 Apr, 2013 10:08am

Energy

Brent oil price tumbles close to $100

LONDON: Brent oil prices plunged Monday to a new eight-month low near $100 per barrel, mirroring losses across financial

Published 15 Apr, 2013 12:43pm

Energy

Speculators cut Brent longs to lowest this year: ICE

LONDON: Speculators cut their net long positions in Brent crude oil futures and options in the week to April 9, to the l

Published 15 Apr, 2013 11:48am

Energy

Kollsnes gas plant to ramp up Saturday

OSLO: Norway's top natural gas processing plant is expected to be back in full operation later on Saturday after its

Published 13 Apr, 2013 04:24pm

Energy

North Sea oil output to fall by 2pc in May

LONDON: North Sea oil output is set to fall by just over 2 percent in May from April, but supply remains ample by compar

Published 12 Apr, 2013 04:00pm

Energy

Oil prices fall as IEA lowers demand growth forecast

LONDON: Global oil prices fell on Thursday after the International Energy Agency trimmed its forecast for world energy d

Published 11 Apr, 2013 02:40pm

Energy

Oil falls towards $105 as demand growth falls

LONDON: Brent crude oil slipped towards $105 per barrel on Thursday after US crude oil stocks hit their highest level in

Published 11 Apr, 2013 09:11am

Energy

Brent crude oil up $1, recovers from 8-month low

LONDON: North Sea Brent crude oil rebounded more than $1 per barrel on Monday, recovering from eight-month lows on hopes

Published 08 Apr, 2013 09:32am

Energy

Oil falls to five-month low after US jobs data

LONDON: Brent crude oil fell to a five-month low near $105 per barrel on Friday as bleak US jobs data and bulging invent

Published 05 Apr, 2013 01:35pm

Energy

PGE scraps $3.6bn Opole project

WARSAW: Poland's top utility PGE has scrapped plans to build coal-fired power units worth $3.6 billion at a plant ne

Published 05 Apr, 2013 01:34pm

Energy

Russia domestic gas price rise seen lower than planned

MOSCOW: Russian consumer gas prices are expected to rise by 12 percent this year, not 15 percent as had been planned, as

Published 04 Apr, 2013 04:01pm

Energy

Oil eases towards $110; US supply builds

LONDON: Oil slid towards $110 a barrel on Wednesday as oil stockpiles swelled in top oil consumer the United States, whe

Published 03 Apr, 2013 10:05am

Energy

E.ON Russia sees electricity output flat in 2013

MOSCOW: E.ON Russia, the Russian arm of German utility E.ON, expects its electricity production to be roughly the same l

Published 02 Apr, 2013 11:56am

Energy

E.ON Russia sees electricity output flat in 2013

MOSCOW: E.ON Russia, the Russian arm of German utility E.ON, expects its electricity production to be roughly the same l

Published 02 Apr, 2013 11:56am

Energy

Eurasia Drilling net profit up

MOSCOW: Russia's top oilfield services company Eurasia Drilling (EDC) said on Tuesday its 2012 net income jumped 35

Published 02 Apr, 2013 11:36am

Energy

Speculators raise Brent, cut gasoil net longs: ICE

LONDON: Speculators raised their net long positions in Brent crude oil futures and options in the week to March 26 but c

Published 01 Apr, 2013 11:48am

Energy

Russia says no to profit-based taxation of oil firms

MOSCOW: The Russian Finance Ministry said it opposes a proposed shift to a profit-based tax for oil companies rather tha

Published 29 Mar, 2013 02:38pm

Energy

PKN proposes first dividend in five years

WARSAW: Poland's top refiner PKN Orlen proposed a dividend payout, of 1.5 zlotys ($0.46) per share, the first time i

Published 29 Mar, 2013 12:51pm

Energy

Pegasus Airlines aims for mid April IPO

ANKARA: Turkish low-cost carrier Pegasus Airlines aims to launch an initial public offering of around a third of the com

Published 29 Mar, 2013 12:40pm

Energy

Oil prices edge higher

LONDON: Oil prices rose slightly on Thursday but analysts said the eurozone's economic woes would continue to cast a

Published 28 Mar, 2013 03:49pm

Energy

Oil prices climb on weaker dollar

LONDON: Oil prices rose on Tuesday as markets tracked developments over Cyprus and reacted to a weaker dollar, analysts

Published 26 Mar, 2013 03:57pm

Energy

Portugal EDP readies dollar bond this year

LISBON: Utility Energias de Portugal , Portugal's largest company, plans to issue dollar-denominated bonds this year

Published 25 Mar, 2013 01:34pm

Energy

Oil prices climb on Cyprus bailout deal

LONDON: Oil prices rose on Monday, in line with equity markets and on improved sentiment after Cyprus and its internatio

Published 25 Mar, 2013 12:31pm

Energy

Oil prices diverge, with all eyes on Cyprus

LONDON: Global crude oil prices diverged on Friday as traders tracked efforts by Cyprus to draw up a revised plan for a

Published 22 Mar, 2013 02:45pm

Energy

Britain gas price soars to record on pipeline closure

LONDON: Britain's wholesale gas prices surged to a record high on Friday after one of its main gas import pipelines shut

Published 22 Mar, 2013 12:40pm

Energy

Shell revises Brent oil terms to reflect ‘consensus’

LONDON: Royal Dutch Shell has updated its SUKO 90 terms and conditions for Brent crude oil trading, following changes an

Published 20 Mar, 2013 12:53pm

Energy

Oil rises from three-month low towards $108

LONDON: Oil rose towards $108 a barrel on Wednesday, recovering from a three-month low, on hopes the United States would

Published 20 Mar, 2013 10:06am

Energy

Speculators cut Brent, gasoil net longs: ICE

LONDON: Speculators cut their net long positions in Brent crude oil and gasoil futures and options in the week to March

Published 18 Mar, 2013 01:14pm

Energy

UK gas rises as cold weather draws

LONDON: British spot gas prices rose nearly 25 percent from pre-weekend closing levels as colder-than-expected weather b

Published 18 Mar, 2013 11:22am

Energy

Oil falls towards $108 on Cyprus worries

LONDON: Crude oil dropped more than $1 towards $108 a barrel on Monday as stock markets tumbled and the dollar strengthe

Published 18 Mar, 2013 11:15am

Energy

Oil drops below $109 on Cyprus worries

LONDON: Crude oil dropped more than $1 to below $109 a barrel on Monday as stock markets tumbled and the dollar strength

Published 18 Mar, 2013 09:44am

Energy

Japan, China, Korea offered stake in Russia LNG project

MOSCOW: Chinese, Korean and Japanese firms are being invited to compete for a large minority stake in a huge LNG project

Published 16 Mar, 2013 02:54pm

Energy

Oil prices rise

LONDON: Oil prices rose on Friday as a weaker US currency made the dollar-priced commodity cheaper, spurring demand, ana

Published 15 Mar, 2013 01:42pm

Energy

Oil prices mixed after US data

LONDON: Oil prices were mixed on Thursday as traders digested US jobless data amid a weak outlook for crude demand.Brent

Published 14 Mar, 2013 01:52pm

Energy

Hellenic issues diesel and jet fuel sell tender

LONDON: Greece's largest refiner Hellenic Petrolem has issued a tender for one 30,000 tonne cargo each of 10ppm diesel a

Published 13 Mar, 2013 04:53pm

Energy

E.ON back in black in 2012

FRANKFURT: E.ON, Germany's biggest power supplier, said Wednesday it returned to profit in 2012, when it booked net prof

Published 13 Mar, 2013 02:33pm

Energy

Brent holds above $109 on demand outlook

LONDON: Oil rose slightly as expectations of steady global consumption growth and a surprise fall in US stockpiles held

Published 13 Mar, 2013 11:16am

Energy

Oil slips below $110 on weak Chinese data

LONDON: Oil fell below $110 on Monday after data from China revived worries over the economic recovery in the world's se

Published 11 Mar, 2013 12:39pm

Energy

Statoil begins production at North-East oil field

OSLO: Norwegian energy firm Statoil has started production at its small Vigdis North-East oil field in the Norwegian Nor

Published 11 Mar, 2013 12:37pm

Energy

UK gas up sharply as cold grips Britain

LONDON: British wholesale gas prices jumped on Monday as flows from Norway dropped and freezing weather drove up demand

Published 11 Mar, 2013 12:28pm

Energy

E.ON says it does not plan to spin off renewable-energy business

BERLIN: Germany's biggest utility, E.ON , denied that it is planning to spin off its renewable-energy business as part

Published 10 Mar, 2013 02:15pm

Energy

Falklands oil bonanza still distant prospect: experts

LONDON: The prospect of an oil bonanza around the Falkland Islands is heightening tensions between Britain and Arge

Published 10 Mar, 2013 01:54pm

Energy

Oil prices slip before US payrolls data

LONDON: World oil prices fell on Friday as the market awaited the release of US payrolls data amid lingering concerns

Published 08 Mar, 2013 03:06pm

Energy

Oil prices slip before US payrolls data

LONDON: World oil prices fell on Friday as the market awaited the release of US payrolls data amid lingering concerns ov

Published 08 Mar, 2013 02:39pm

Energy

Solar batteries could be utilities' next headache

FRANKFURT: Renewable energy is constantly evolving and challenging traditional utilities but one growing sector could ma

Published 08 Mar, 2013 10:43am

Energy

Norway $710bn oil fund shifts away from Europe

OSLO: Norway's $710 billion sovereign wealth fund continued to reduce its exposure to Europe as the continent's economic

Published 08 Mar, 2013 09:50am

Energy

Oil rises near $111, China growth outlook spurs buying

LONDON: Oil rose towards $111 per barrel on Tuesday, bucking a five-day losing streak after China's vow to deliver stron

Published 05 Mar, 2013 11:48am

Energy

Oil prices drop but avoid new lows

LONDON: Oil prices dropped on Monday, weighed down by economic strains in China and the United States, the world's two-b

Published 04 Mar, 2013 01:40pm

Energy

Temasek raises stake in Repsol

MADRID: Spanish oil group Repsol has sold a 5 percent stake to Singapore's government fund, Temasek, in a further step t

Published 04 Mar, 2013 11:52am

Energy

Shell key gas plant in Norway suffers outage

OSLO: The Nyhamna natural gas plant on Norway's western coast, which processes gas from Royal Dutch Shell's giant Ormen

Published 02 Mar, 2013 01:05pm

Energy

Russia Feb oil output inches down on LUKOIL, Surgut

MOSCOW: Russia's oil output, the world's largest, edged down 0.1 percent to 10.46 million barrels per day (bpd) in Febru

Published 02 Mar, 2013 01:01pm

Energy

Russia's Feb oil output inches down to 10.46mn bpd

MOSCOW: Russia's oil output, the world's largest, edged down 0.1 percent to 10.46 million barrels per day in February, r

Published 02 Mar, 2013 06:43am

Energy

Oil falls towards $110 as US nears spending cuts

LONDON: Crude oil slipped to a six-week low of almost $110 a barrel on Friday, weighed down by growth worries as politic

Published 01 Mar, 2013 12:58pm

Energy

Oil prices drop as US spending cuts kick in

LONDON: World oil prices fell on Friday, with New York crude striking a two-month low point, as dealers eyed huge US spe

Published 01 Mar, 2013 12:44pm

Energy

Oil prices diverge ahead of US data

LONDON: Oil prices were narrowly mixed on Thursday as markets sat tight amid political turmoil in indebted eurozone na

Published 28 Feb, 2013 01:05pm

Energy

Oil prices rebound but Italy woes linger

LONDON: Brent crude prices rebounded slightly on Wednesday ahead of US energy inventory data and a day after they had sl

Published 27 Feb, 2013 03:36pm

Energy

UK gas prices fall amid plentiful supply

LONDON: British wholesale gas prices fell on Wednesday as imports increased through a Belgium pipeline and flows from No

Published 27 Feb, 2013 03:23pm

Energy

Oil prices slide to January lows on Italy deadlock

LONDON: Global oil prices dived to one-month lows on Tuesday, as inconclusive Italian national elections sparked concern

Published 26 Feb, 2013 02:16pm

Energy

German 2012 oil products sales down 0.8pc

FRANKFURT: German oil products sales in 2012 were down 0.8 percent at 108.4 million tonnes year-on-year compared with 20

Published 25 Feb, 2013 04:47pm

Energy

UK gas prices gain as cold weather drives demand

LONDON: British prompt gas prices rose on Monday morning as cold weather lifted demand and left the system undersupplied

Published 25 Feb, 2013 02:30pm

Energy

Oil nears $116 on weaker dollar

LONDON: Brent crude rose close to $116 a barrel on Monday due to a weaker dollar, while investors awaited the outcome of

Published 25 Feb, 2013 01:56pm

Energy

Eni, Rosneft strengthen cooperation through logistics deal

MILAN: Italy's gas and oil major Eni and Rosneft signed a strategic agreement to develop trading and logistics opportuni

Published 23 Feb, 2013 04:22pm

Energy

German auction of 4mn EU emissions permits cancelled

LONDON: The European Energy Exchange (EEX) was forced to cancel an auction of 4.02 million spot European Union emissions

Published 22 Feb, 2013 02:47pm

Energy

Statoil gas output reduced by 9.4mcm

OSLO: Gas output from Norway's Statoil will be reduced by 9.4 million cubic metres on Friday, the oil firm said in a mar

Published 22 Feb, 2013 12:18pm

Energy

Brent crude oil rebounds more than $1 after losses

LONDON: North Sea Brent crude oil rose more than $1 per barrel on Friday, recovering some ground after three days of hea

Published 22 Feb, 2013 10:01am

Energy

Oil falls to three-week low towards $114

LONDON: Oil fell to a three-week low towards $114 a barrel on Thursday, hit by weak euro zone economic data dampenin

Published 21 Feb, 2013 04:01pm

Energy

EPBiH to restart 215 MW coal fired unit

SARAJEVO: Bosnia's top power utility EPBiH said on Wednesday it will restart a 215 megawatt (MW) unit at its Tuzla coa

Published 20 Feb, 2013 03:26pm

Energy

Brent steady above $117 on dim EU growth prospects

LONDON: Brent crude held near $117 per barrel on Tuesday after falling in the last three sessions as traders eyed lack

Published 19 Feb, 2013 12:38pm

Energy

UK gas prices weaken as flows increase

LONDON: British gas prices weakened on Monday with the market oversupplied due to higher flows from UK gasfields as we

Published 18 Feb, 2013 09:04pm

Energy

Brent steadies below $118, global growth hopes support

LONDON: Brent crude oil consolidated below $118 per barrel on Monday, underpinned by expectations of improving global

Published 18 Feb, 2013 08:54pm

Energy

Oil falls below $118, heads for 1st weekly loss in five

LONDON: Brent crude oil fell below $118 per barrel on Friday and was heading for its first weekly loss in five after d

Published 15 Feb, 2013 02:15pm

Energy

North Sea oil contract changes bearish for prompt Brent

LONDON: Spot Brent crude oil prices are likely to fall relative to forward futures due to contract changes imposed by

Published 15 Feb, 2013 12:37pm

Energy

UK approves drilling at Statoil's Mariner

LONDON: Britain's energy ministry on Friday gave the go ahead for Statoil to drill the Mariner heavy oil field in the

Published 15 Feb, 2013 11:28am

Energy

BNP Paribas CEO sees low-growth outlook for Europe

PARIS: BNP Paribas sees a low-growth scenario for Europe this year while Asia will be among the bright spots of the gl

Published 14 Feb, 2013 06:19am

Energy

Oil prices drift higher

LONDON: World oil prices drifted higher in subdued trading on Wednesday as traders awaited the weekly snapshot of cr

Published 13 Feb, 2013 04:07pm

Energy

Greece, Italy, Albania sign gas pipeline deal

ATHENS: Greece, Italy and Albania signed an agreement in Athens on Wednesday to support a pipeline project expected to

Published 13 Feb, 2013 02:19pm

Energy

Serbian NIS net profit jumps 22pc

BELGRADE: Serbian oil firm NIS posted a 22 percent rise in full-year net profit to 49.5 billion dinars ($592.9 million

Published 11 Feb, 2013 04:50pm

Energy

Shell pitches for mini LNG projects in Russia

MOSCOW: Shell may resort to developing small scale LNG facilities in Russia, a senior executive said, as its ambition

Published 11 Feb, 2013 02:15pm

Energy

Israeli firms take 30pc stake in Cyprus natgas field

NICOSIA: Two Israeli firms have taken a 30 percent interest in a licence held by US energy company Noble to drill for

Published 11 Feb, 2013 02:04pm

Energy

Oil prices slip from recent highs

LONDON: Oil prices fell on Monday on profit-taking after last week's strong gains, but analysts said optimism over str

Published 11 Feb, 2013 01:25pm

Energy

UK gas falls on weather forecasts

LONDON: British gas prices fell across the board on Monday as warmer weather forecasts painted a bearish demand pictur

Published 11 Feb, 2013 01:20pm

Energy

Enel signs 9.4bn euro forward start loan

LONDON: Italy's biggest utility Enel said on Monday that it has signed a 9.4 billion euro ($12.58 billion) forwar

Published 11 Feb, 2013 11:31am

Energy

Norway gas output still reduced after plant fire

OSLO : Norwegian gas output will be reduced by 14.3 million cubic metres per day on Sunday, energy firm Statoil

Published 10 Feb, 2013 11:32am

Energy

Norway gas output to resume

OSLO: Norwegian gas exports to Europe are expected to return to normal on Sunday after a fire at a processing plant re

Published 09 Feb, 2013 04:00pm

Energy

Brent crude rises more than $1/bbl

LONDON: Brent crude futures rose by more than $1 a barrel on Friday, supported by tension in the Middle East and robus

Published 08 Feb, 2013 03:26pm

Energy

Oil prices rise ahead of ECB announcement

LONDON: Oil prices advanced on Thursday, with Brent reaching fresh five-month high levels before a European Central Ba

Published 07 Feb, 2013 01:11pm

Energy

Statoil's 4Q 2012 net profit plunges to $2.36bn

OSLO: Norway's Statoil's net profit for the fourth quarter of 2012 plunged by nearly 50 percent year-on-year to $2.36

Published 07 Feb, 2013 07:25am

Energy

Oil prices slip before US weekly report

LONDON: Global oil prices fell Wednesday as traders took profits after Brent had struck a 4.5-month peak the previous

Published 06 Feb, 2013 12:49pm

Energy

Oil bounces back to $116, Europe concerns fade

LONDON: Oil rose to $116 a barrel on Tuesday, resuming its three-week rally, as investor concern faded about political

Published 05 Feb, 2013 12:33pm

Energy

Eni starts gas production at MLE field in Algeria

MILAN: Italian oil and gas giant Eni said on Monday it started gas production on Jan. 31 at its MLE field in Algeria w

Published 04 Feb, 2013 12:06pm

Energy

Italy, Albania, Greece to sign TAP gas line accord

ATHENS: Greece, Italy and Albania will sign on Feb. 13 in Athens an agreement that seals their support for a natural g

Published 02 Feb, 2013 12:57pm

Energy

RWE expects out-of-court Gazprom contract deal in H1

FRANKFURT: RWE expects an out-of-court settlement with Russia's Gazprom in a dispute over gas price contracts, in th

Published 02 Feb, 2013 12:55pm

Energy

Oil output declines to 10.47mn bpd: Russia

MOSCOW: Russia's oil output, the world's largest, edged down 0.1 percent to 10.47 million barrels per day in January a

Published 02 Feb, 2013 12:12pm

Energy

TNK-BP pulls Russia's Jan oil output down

MOSCOW: Lower output from TNK-BP's mature fields led to an overall decrease in Russia's crude oil production, the worl

Published 02 Feb, 2013 11:54am

Energy

EDF, Veolia near agreement on Dalkia financing: report

PARIS: French power company EDF and waste and water group Veolia Environnement are close to reaching an agreement to c

Published 02 Feb, 2013 11:32am

Energy

Asian prices rise towards record on supply setbacks

LONDON: Asian liquefied natural gas (LNG) prices rose toward record highs this week as fresh production outages in Nor

Published 01 Feb, 2013 09:28pm

Energy

TIGF gas network seen fetching $2.7bn: sources

PARIS: Bids for Total's TIGF gas network are likely to be close to the lower end of original hopes, around 2 billion

Published 01 Feb, 2013 03:49pm

Energy

Rosneft says 2012 net profit up 7pc, below forecast

MOSCOW: Rosneft, Russia's No. 1 oil producer, said on Friday its 2012 net income rose 7 percent to 342 billion roubles

Published 01 Feb, 2013 02:50pm

Energy

Brent oil hits new three months high

LONDON: Brent oil prices struck a fresh three-month high on Friday, boosted by the weak dollar and Chinese data,

Published 01 Feb, 2013 01:04pm

Energy

Oil prices mixed amid US jobs data

LONDON: Oil prices diverged on Thursday as markets focused on US jobs data and after the market moved on a Federal Res

Published 31 Jan, 2013 09:18pm

Energy

Oil holds steady above $113 on positive mood

LONDON: Brent crude oil held above $113 on Tuesday as traders awaited data to gauge the strength of the economy of the U

Published 29 Jan, 2013 11:21am

Energy

CNEEC to block $1.7bn Tauron deal

WARSAW: China National Electric Engineering Co (CNEEC) said it had submitted the lowest bid to build a new unit for Taur

Published 28 Jan, 2013 04:38pm

Energy

Oil near three months high at $113

LONDON: Brent crude oil traded near three-month highs around $113 per barrel on Monday, buoyed by economic optimism and

Published 28 Jan, 2013 04:17pm

Energy

Ukraine, Russia battle over $7bn gas bill

KIEV: Ukraine and Russia were on Monday locked in a high-stakes energy dispute after Kiev refused to pay a stunning $7 b

Published 28 Jan, 2013 01:01pm

Energy

Ukraine 'refuses to pay' $7bn Russia gas bill

KIEV: Ukraine will refuse to pay an unexpected $7 billion bill from Russian gas giant Gazprom for gas Kiev contracted fo

Published 28 Jan, 2013 10:30am

Energy

Russia stops oil flows to Novo after pipeline leak

MOSCOW: January crude loadings from Russia's key southern export outlet, the Black Sea port of Novorossiisk, are likely

Published 28 Jan, 2013 07:30am

Energy

BP reviews Libya drilling plans

LONDON: BP said it was reconsidering plans to drill for oil in Libya due to heightened security fears following an attac

Published 27 Jan, 2013 04:31pm

Energy

Russian $7bn gas bill dampens Ukraine's glee at shale deal

KIEV: Russia has slapped a $7 billion bill on Ukraine for imports of gas it says Kiev was committed to buy last year but

Published 26 Jan, 2013 11:37am

Energy

Shell to seal vast shale gas deal with Ukraine

KIEV: Ukraine and the global giant Royal Dutch Shell will on Thursday sign a shale gas production sharing agreement that

Published 24 Jan, 2013 01:15pm

Energy

Oil prices mixed amid Chinese, US data

LONDON: Oil prices were mixed on Thursday following positive Chinese manufacturing data and as the United States prepare

Published 24 Jan, 2013 01:13pm

Energy

Oil holds above $112 on upbeat China PMI data

LONDON: Brent crude oil prices held above $112 a barrel on Thursday, supported by upbeat manufacturing data from China a

Published 24 Jan, 2013 10:21am

Energy

Oil prices tread higher before US vote

LONDON: Global oil prices edged higher on Wednesday in cautious deals ahead of a key vote on extending the debt ceiling

Published 23 Jan, 2013 01:49pm

Energy

German energy regulator says winter power supply adequate

BERLIN: Germany's power grid situation in the current winter season is adequate as a system of reserve capacities is in

Published 22 Jan, 2013 06:08pm

Energy

Oil rises to $112, Japan plans more stimulus

LONDON: Oil rose to $112 a barrel on Tuesday, after Japan pledged to pump more money into its economy, adding to positiv

Published 22 Jan, 2013 12:03pm

Energy

UK spot gas prices gain on supply shortfalls

LONDON: British gas for immediate delivery rose on Tuesday morning due to an undersupplied network, while near freezing

Published 22 Jan, 2013 11:50am

Energy

Romania operator expects little change to 2013 nuclear output

BUCHAREST: Romania's Nuclearelectrica expects power output at its Cernavoda plant in 2013 to be in line with last year's

Published 21 Jan, 2013 10:01pm

Energy

Oil weaker below $112 on oversupply worries

LONDON: Brent crude oil slipped below $112 on Monday, ending a three-day rally as economic worries and concerns about ov

Published 21 Jan, 2013 03:55pm

Energy

Albania regulator revokes Czech CEZ's distribution license

TIRANA: An Albanian regulator voted on Monday to revoke the distribution license of Czech utility CEZ's loss-making unit

Published 21 Jan, 2013 02:32pm

Energy

Oil prices fall after recent rally

LONDON: Oil prices fell on Monday as investors banked profits following gains last week driven by encouraging economic d

Published 21 Jan, 2013 12:55pm

Energy

Oil loses ground below $112 on oversupply worries

LONDON: Brent crude oil slipped below $112 on Monday, ending a three-day rally as economic worries and concerns about ov

Published 21 Jan, 2013 10:19am

Energy

UK Britannia gas field shut down after outage

LONDON: Gas production at the Britannia gas field in the North Sea has been shut down since Jan. 16 following an unplann

Published 18 Jan, 2013 04:11pm

Energy

Oil stalls at $111, heads for weekly gain

LONDON: Oil prices stalled at $111 a barrel on Friday, retaining most of Thursday's gain, supported by stronger economic

Published 18 Jan, 2013 04:06pm

Energy

Russian trader Souz loses Urals business in January

MOSCOW: Souz Petrolium, an oil trader affiliated with Russian port investor Summa, will handle no Urals crude oil in Jan

Published 18 Jan, 2013 03:11pm

Energy

Russian trader Souz loses Urals business in January

MOSCOW: Souz Petrolium, an oil trader affiliated with Russian port investor Summa, will handle no Urals crude oil in Jan

Published 18 Jan, 2013 03:11pm

Energy

Oil market tightens, raid clouds Algerian energy: IEA

PARIS: Price pressures on the global oil market have suddenly tightened, and the fatal hostage drama at an Algerian gas

Published 18 Jan, 2013 09:38am

Energy

Statoil tightens security at installations

OSLO: Norwegian oil group Statoil, which has 12 employees "involved" in a hostage-taking in Algeria, has beefed up secur

Published 17 Jan, 2013 01:29pm

Energy

Oil prices extend gains amid north Africa unrest

LONDON: Oil prices rose further on Thursday, with crude supported by unrest in north Africa following an attack by milit

Published 17 Jan, 2013 01:27pm

Energy

BP says Algeria gas field hit by ‘security incident’

LONDON: Oil major BP said on Wednesday it had experienced a "security incident" at a gas field in Algeria, following rep

Published 16 Jan, 2013 12:15pm

Energy

BP says 'security incident' at Algeria gas field

LONDON: Oil giant BP said Wednesday there had been a "security incident" at a gas field in Algeria although it did not c

Published 16 Jan, 2013 11:54am

Energy

Oil prices slip as weak newsflow sparks demand worries

LONDON: Global oil prices fell on Tuesday as a raft of downbeat company news and economic data sparked fresh concern abo

Published 15 Jan, 2013 07:29pm

Energy

Oil rises above $112 on growth, US debt hopes

LONDON: Brent crude oil rose above $112 per barrel on Tuesday on optimism that the euro zone economy may finally be stab

Published 15 Jan, 2013 12:46pm

Energy

Oil prices stable as traders eye new US pipeline

LONDON: Global oil prices steadied on Monday after the completion of a major US pipeline expansion project that will cut

Published 14 Jan, 2013 11:16pm

Energy

Euro Coal Prompt contracts extend losses, swaps slump

LONDON: Prompt physical coal prices fell to a new one-month low on Monday as traders pointed to a supply glut and tepid

Published 14 Jan, 2013 04:44pm

Energy

Oil rises to $111 on supply concern, growth hopes

LONDON: Oil rose to $111 a barrel on Monday, rebounding from the previous session's drop, as concern about supply resurf

Published 14 Jan, 2013 03:57pm

Energy

North Sea Flotta oil loadings to rise in February

LONDON: The North Sea Flotta crude oil production stream will load about 43,000 barrels per day in February, up from zer

Published 14 Jan, 2013 02:47pm

Energy

UK shale gas firm holds talks to sell stake

LONDON: UK shale gas-driller Cuadrilla Resources is holding preliminary talks with energy investors to sell a stake in t

Published 14 Jan, 2013 02:24pm

Energy

Oil prices advance on new US pipeline, weak dollar

LONDON: Global oil prices rose on Monday after the completion of a major US pipeline expansion project that will cut ove

Published 14 Jan, 2013 12:40pm

Energy

Oil rises above $111 on supply concern, growth hopes

LONDON: Oil rose above $111 a barrel on Monday as concern about supply resurfaced amid growing optimism over signs that

Published 14 Jan, 2013 10:17am

Energy

Greece raises electricity prices by up to 15pc

ATHENS: Greece raised electricity prices for households by up to 15 percent this year to help state-controlled power com

Published 13 Jan, 2013 11:23pm

Energy

UK South Morecambe gas field to shut

LONDON: British utility Centrica will shut down gas production at its South Morecambe field from June 8 to July 3 for pl

Published 11 Jan, 2013 05:36pm

Energy

Oil falls towards $110 on weaker demand concern

LONDON: Oil tumbled towards $110 a barrel on Friday on growing concern that oil demand may be weakening in the short ter

Published 11 Jan, 2013 04:26pm

Energy

LUKOIL says 2012 oil output down 1pc

MOSCOW: Oil output at Russia's second-largest crude producer LUKOIL declined 1 pct to 89.9 million tonnes last year, as

Published 11 Jan, 2013 01:00pm

Energy

Norway $700bn oil fund lifts investment bans on several firms

OSLO: Norway's government will no longer ban its $700 billion oil fund from investing in several companies after conclud

Published 11 Jan, 2013 12:46pm

Energy

Oil falls below $111 on weaker demand concern

LONDON: Oil fell below $111 a barrel on Friday on growing concern that oil demand may be weakening in the short term as

Published 11 Jan, 2013 12:25pm

Energy

Oil climbs to $113 on Saudi output, Yemen blast

LONDON: Brent crude oil rose more than $1 to around $113 per barrel on Thursday after news of a sharp cut in Saudi oil p

Published 10 Jan, 2013 12:06pm

Energy

Oil climbs above $112 on stronger China trade

LONDON: Brent crude oil rose above $112 per barrel on Thursday after Chinese trade data beat forecasts, raising expectat

Published 10 Jan, 2013 10:08am

Energy

Statoil gas output to be down by 7.6 mcm/day on Thursday

OSLO: Statoil's gas production in Norway will be reduced by 7.6 million cubic metres (mcm) per day on Thursday, the comp

Published 09 Jan, 2013 03:21pm

Energy

Oil prices sag before weekly US energy report

LONDON: Oil prices weakened on Wednesday before a US oil stockpiles report and amid lingering concerns over the American

Published 09 Jan, 2013 12:39pm

Energy

Oil slips as strong supply offsets economic optimism

LONDON: Brent crude oil stayed below $112 per barrel on Wednesday, as a slightly more optimistic outlook for the global

Published 09 Jan, 2013 10:25am

Energy

Oil prices mixed

LONDON: Oil prices diverged on Tuesday as investors looked ahead to the start of the latest corporate earnings season fo

Published 08 Jan, 2013 07:00pm

Energy

Statoil, partners plan $10bn Norwegian Sea investment

OSLO: Norwegian oil and gas group Statoil and its partners presented plans Tuesday to develop a Norwegian Sea gas field

Published 08 Jan, 2013 06:54pm

Energy

Oil rises towards $112 ahead of China data

LONDON: Oil edged up towards $112 per barrel on Tuesday as investors awaited evidence of economic growth in top energy c

Published 08 Jan, 2013 12:37pm

Energy

UK gas falls on higher imports, cold weather looms

LONDON: British gas prices eased on Tuesday as the system was well supplied thanks to higher imports from Norway and as

Published 08 Jan, 2013 10:35am

Energy

Oil prices drop amid weak US energy demand

LONDON: Oil prices fell on Monday as weak energy demand and concerns over more fiscal battles in Washington tempered new

Published 07 Jan, 2013 01:19pm

Energy

Oil speculators raise Brent longs for third week: ICE

LONDON: Speculators raised their net long positions in Brent crude oil futures and options for a third week running, dat

Published 07 Jan, 2013 12:08pm

Energy

After banking crisis, Iceland launches search for black gold

REYKJAVIK: Iceland on Friday awarded two exploration and production licenses to energy firms hoping to find oil and gas

Published 04 Jan, 2013 09:15pm

Energy

Oil slides after Fed hints at early end to stimulus

LONDON: Global oil prices dived on Friday after minutes from the last policy meeting at the Federal Reserve sparked spec

Published 04 Jan, 2013 01:32pm

Energy

UK spot gas falls on oversupply

LONDON: British gas for immediate delivery fell on Friday morning due to an oversupplied transmission network and a fore

Published 04 Jan, 2013 12:20pm

Energy

Brent falls below $111 as US Fed flags concern

LONDON: Oil fell below $111 a barrel on Friday after US Federal Reserve officials indicated they may at least slow a sti

Published 04 Jan, 2013 11:39am

Energy

Oil drops below $112 as new US budget talks loom

LONDON: Oil fell below $112 a barrel on Thursday, pressured by fears of looming budget battles in the United States and

Published 03 Jan, 2013 12:29pm

Energy

Oil market starts 2013 on positive note

LONDON: World oil prices advanced on Wednesday as traders welcomed the passing of a US deal to avoid a "fiscal cliff" of

Published 02 Jan, 2013 12:57pm

Energy

UK gas for immediate delivery rises on shortages

LONDON: British gas for same-day delivery rose due to an undersupplied transmission network on Wednesday morning, counte

Published 02 Jan, 2013 12:37pm

Energy

Oil hits 4 weeks high above $112 after US fiscal deal

LONDON: Brent crude oil hit a one-month high above $112 per barrel on Wednesday after the US Congress approved a deal to

Published 02 Jan, 2013 12:26pm

Energy

Rosneft leads Russian oil output to new high

MOSCOW: More crude from state-owned top producer Rosneft kept Russian oil output the highest in the world last year, ahe

Published 02 Jan, 2013 11:47am

Energy

Oil hits 4-week high above $112 after US fiscal deal

LONDON: Brent crude oil hit a one-month high above $112 per barrel on Wednesday after the US Congress approved a deal to

Published 02 Jan, 2013 09:35am

Energy

Russia's 2012 oil output hits post-Soviet high

MOSCOW: World energy power Russia said on Wednesday that its 2012 oil output hit a post-Soviet record high level while n

Published 02 Jan, 2013 08:50am

Energy

Russia to ship extra 400,000 tonnes of oil to Belarus in Q1

MOSCOW: Russia plans to deliver an extra 400,000 tonnes of oil to Belarus in the first quarter of next year, a spokesman

Published 29 Dec, 2012 08:23am

Energy

Brent below $111 as US leaders to resume budget talks

LONDON: Brent crude held below $111 per barrel on Friday, not far off its highest this month, as US lawmakers were prepa

Published 28 Dec, 2012 03:03pm

Energy

Oil steady below $111 on US budget worries

LONDON: Brent crude oil steadied below $111 a barrel on Thursday as nervous investors watched talks to avert a US budget

Published 27 Dec, 2012 03:07pm

Energy

Rosneft says to sign long-term deals with oil traders

MOSCOW: Russia's top crude producer Rosneft said on Monday it has agreed terms for long-term crude supply contracts with

Published 24 Dec, 2012 12:22pm

Energy

Oil market dogged by US fiscal cliff worries

LONDON: Global oil prices drifted lower in quiet Christmas Eve trade on Monday, with investor sentiment dogged by a stal

Published 24 Dec, 2012 12:11pm

Energy

UK gas prices fall on lower Christmas demand

LONDON: British prompt gas prices fell on Monday morning as warm weather and the Christmas holiday period weighed on dem

Published 24 Dec, 2012 11:42am

Energy

Oil falls towards $109 on US budget impasse

LONDON: Brent crude oil fell towards $109 per barrel on Friday after talks in the United States to avert a budget crisis

Published 21 Dec, 2012 03:45pm

Energy

Oil down around $110, stalled US fiscal talks cloud outlook

LONDON: Oil slipped to around $110 a barrel on Thursday as US budget talks stumbled, stoking concerns about demand in th

Published 20 Dec, 2012 01:37pm

Energy

Oil below $110, stalled US fiscal talks cloud outlook

LONDON: Oil slipped below $110 a barrel on Thursday as US budget talks stumbled, stoking concern about demand in the wor

Published 20 Dec, 2012 10:22am

Energy

Oil prices rise as US reports drop in energy stockpiles

LONDON: Oil prices rallied on Wednesday as the United States revealed that its energy stockpiles had fallen last week, i

Published 19 Dec, 2012 10:23pm

Energy

Cyprus says makes strides in offshore energy search

NICOSIA: Cyprus said on Wednesday it was making good progress with a second round of licensing for exploratory drilling

Published 19 Dec, 2012 05:06pm

Energy

Oil prices rise before US energy data

LONDON: Oil prices rose on Wednesday as traders awaited the latest weekly inventory report on US energy stockpiles.

Published 19 Dec, 2012 12:47pm

Energy

Statoil buys shale field in US for $590mn

OSLO: State-owned Norwegian oil major Statoil said on Wednesday that it has bought 70,000 acres (283 square km) of land

Published 19 Dec, 2012 11:59am

Energy

UK gas rises on lower imports, crude lifts curve

LONDON: British gas prices rose slightly on Wednesday on weaker imports from Norway and Belgium and as demand was pegged

Published 19 Dec, 2012 10:41am

Energy

Oil prices gain on US budget hopes

LONDON: Oil prices rallied on Tuesday as hopes grew of a US deal to avert a "fiscal cliff" of tax hikes and spending cut

Published 18 Dec, 2012 08:54pm

Energy

Oil rises above $108 on hopes for US fiscal cliff deal

LONDON: Brent crude oil rose above $108 a barrel on Tuesday on signs of progress in US talks to resolve a budget crisis

Published 18 Dec, 2012 12:24pm

Energy

Maersk Qatar LNG tanker to arrive in Belgium on Dec 19

LONDON: The Maersk Qatar liquefied natural gas (LNG) tanker is expected to arrive at Belgium's Zeebrugge terminal from Q

Published 18 Dec, 2012 07:42am

Energy

Oil prices fall amid US budget impasse

LONDON: Oil prices dropped on Monday as investors focused on the budget deadlock in the United States, the world's bigge

Published 17 Dec, 2012 02:11pm

Energy

GDF Suez announces asset sale in Canada to reduce debt

PARIS: Heavily-indebted French energy group GDF Suez announced on Monday the sale of 60 percent of its renewable energy

Published 17 Dec, 2012 01:23pm

Energy

Oil below $108, fiscal concerns weigh

LONDON: Oil edged below $108 a barrel on Monday as investors remained concerned over the progress of US budget deficit r

Published 17 Dec, 2012 12:19pm

Energy

LNG prices rise slightly on winter demand

LONDON: Spot prices of liquefied natural gas (LNG) in Asia, the world's biggest market for the fuel, rose slightly to ar

Published 14 Dec, 2012 03:49pm

Energy

Turkish crude steel output seen up 6.5pc in 2013

ISTANBUL: Turkey's crude steel output is expected to grow 6.5 percent in 2013 on the back of growth-oriented policies, a

Published 14 Dec, 2012 02:45pm

Energy

Oil up around $110 as more monetary stimulus seen

LONDON: Crude oil rose to around $110 a barrel on Wednesday on prospects of further US monetary stimulus, which lifted r

Published 12 Dec, 2012 03:38pm

Energy

Spot prices to ease on lower demand in Germany: NORDIC POWER

OSLO: Nordic spot power prices are expected to fall by more than 5 euros as rising temperatures in the continent reduce

Published 12 Dec, 2012 02:22pm

Energy

UK gas prices rise as temperatures drop

LONDON: British wholesale gas prices gained almost 1 percent on Wednesday morning as cold weather led to strong demand,

Published 12 Dec, 2012 01:43pm

Energy

Oil prices firm before OPEC decision, Fed rate call

LONDON: World oil prices rose on Tuesday as investors awaited an OPEC output decision and the outcome of Federal Reserve

Published 12 Dec, 2012 12:01pm

Energy

Statoil mulls $3.5bn Gullfaks field investments

OSLO: Norwegian oil and gas firm Statoil is considering investing an additional 20 billion crowns ($3.54 billion) to exp

Published 12 Dec, 2012 11:45am

Energy

Oil rises above $108 as more monetary stimulus eyed

LONDON: Brent crude oil rose above $108 a barrel on Wednesday supported by expectations of a fourth round of monetary st

Published 12 Dec, 2012 10:27am

Energy

IEA raises Q4 oil demand forecast on Chinese outlook

PARIS: Global thirst for oil will be slightly stronger than expected in the last quarter of 2012 because of demand from

Published 12 Dec, 2012 09:22am

Energy

Iran sees current oil price as satisfactory

VIENNA: Iran sees the oil market as balanced and the price of crude as satisfactory, its Oil Minister Rostam Qasemi said

Published 11 Dec, 2012 02:15pm

Energy

OPEC set for easy oil deal, secretary-general dispute

VIENNA: OPEC oil exporters look set this week to avoid a quarrel about how much crude they produce and argue instead abo

Published 11 Dec, 2012 02:09pm

Energy

Oil up above $108 on weak dollar, Mideast tension

LONDON: Brent crude oil rose above $108 a barrel on Tuesday as a slightly weaker dollar and Middle East unrest supported

Published 11 Dec, 2012 12:42pm

Energy

Oil climbs above $107 on strong Chinese demand

LONDON: Brent crude oil rose above $107 a barrel on Monday, snapping five straight days of losses after Chinese data sho

Published 10 Dec, 2012 11:54am

Energy

RWE in talks to sell stake in Nabucco gas pipeline project

BERLIN: RWE, Germany's number two power supplier, is in talks to sell its stake in Europe's Nabucco gas pipeline project

Published 07 Dec, 2012 01:48pm

Energy

Oil prices hit reverse gear amid eurozone gloom

LONDON: Oil prices fell on Thursday, wiping out earlier gains after downbeat news from the European Central Bank (ECB) a

Published 06 Dec, 2012 11:15pm

Energy

BP to be simpler, oilier as capex rises

LONDON: BP sees a new future for itself as a "simpler" and "oilier" oil and gas company as it raises capital spending in

Published 03 Dec, 2012 05:04pm

Energy

CEZ, MOL put Slovak plant on hold

PRAGUE: Czech electricity company CEZ and Hungarian oil and gas group MOL have put plans for a gas-fired power plant in

Published 03 Dec, 2012 04:31pm

Energy

Eni confirms commitment to Iraq

MILAN: Italian oil and gas group Eni said on Monday it confirmed its presence and commitment in Iraq after its Chief Exe

Published 03 Dec, 2012 04:15pm

Energy

Oil prices edge higher

LONDON: Crude prices rose slightly on Monday, supported by positive economic data from the world's biggest energy consum

Published 03 Dec, 2012 01:56pm

Energy

Oil rises towards $112 on signs of China growth revival

LONDON: Oil rose towards $112 per barrel on Monday on signs economic growth in China, the world's second-biggest oil con

Published 03 Dec, 2012 12:00pm

Energy

Russia says will fill higher Turkey winter gas demand

ISTANBUL: Russia is willing to increase gas supplies to Turkey this winter if Ankara requests, Russian Energy Minister A

Published 02 Dec, 2012 11:05pm

Energy

BP to outline upstream growth strategy

LONDON: BP will outline growth plans for its oil and gas production arm on Monday in its first strategy update since str

Published 02 Dec, 2012 02:05pm

Energy

Russian diplomat slams EU-backed Caspian pipeline

ASHGABAT: A Russian diplomat on Saturday called a planned pipeline linking gas-rich Turkmenistan with Europe via the Cas

Published 01 Dec, 2012 01:28pm

Energy

Oil falls towards $110 as US fiscal worries weigh

LONDON: Brent crude oil slipped towards $110 a barrel on Friday as a lack of progress in US budget talks to avert a fisc

Published 30 Nov, 2012 11:49am

Energy

Shell ends shut-down of Nigerian export terminals

LAGOS: Anglo-Dutch oil group Shell said Friday it had resumed shipments of crude from its Nigerian export terminals Bonn

Published 30 Nov, 2012 08:02am

Energy

Euro Coal-Prices broadly steady, shrug off supply disruption

LONDON: Physical coal prices for delivery early next year were little unchanged on Thursday as traders shrugged off news

Published 29 Nov, 2012 10:12pm

Energy

Euro Coal-Prices ease as German power hits 2.5-yr low

LONDON: Physical coal prices for delivery early in 2013 fell on Wednesday as crude oil prices weakened and front-year ba

Published 28 Nov, 2012 10:09pm

Energy

PGNiG plans at least 10 new shale wells in 2013

WARSAW: State-controlled Polish gas monopoly PGNiG plans to drill at least 10 shale gas wells in 2013, it said, part of

Published 28 Nov, 2012 01:52pm

Energy

Statoil says restarts Hammerfest LNG plant

OSLO: Oil and gas firm Statoil restarted production at its Hammerfest liquefied natural gas (LNG) plant in Arctic Norway

Published 28 Nov, 2012 01:07pm

Energy

Oil slips on fears of US fiscal crisis

LONDON: Brent crude oil futures fell on Wednesday on fears of a looming budget crisis in the United States, the world's

Published 28 Nov, 2012 10:35am

Energy

UK gas eases as storage withdrawals create over supply

LONDON: British prompt gas prices eased on Wednesday as withdrawals from the country's biggest storage site rose to leav

Published 28 Nov, 2012 10:28am

Energy

BP sells some North Sea assets for $1.1bn to Taqa

LONDON: BP said on Wednesday that it will sell a package of North Sea assets to Abu Dhabi national oil firm TAQA for abo

Published 28 Nov, 2012 10:05am

Energy

Global oil prices steady

LONDON: Oil prices steadied on Tuesday, trading within a narrow range after eurozone ministers and the International Mon

Published 27 Nov, 2012 06:45pm

Energy

Oil holds near $111 after Greek debt deal

LONDON: Oil steadied near $111 per barrel on Tuesday, supported by a bailout payments deal for Greece although worries o

Published 27 Nov, 2012 11:48am

Energy

Euro Coal-Futures dip amid weaker oil, power

LONDON: European coal swaps prices edged lower on Monday following five days of successive gains last week, as weaker oi

Published 26 Nov, 2012 10:49pm

Energy

UK Buzzard oilfield back to normal output: sources

LONDON: The Buzzard oilfield in the North Sea has returned to around its normal output rate of 200,000 barrels per day (

Published 26 Nov, 2012 01:34pm

Energy

Global oil prices slip amid Greece talks

LONDON: Oil prices slid on Monday but losses were capped as markets awaited the outcome of a eurozone finance ministers'

Published 26 Nov, 2012 01:25pm

Energy

Ukraine to build LNG terminal with Spain's Enagas

KIEV: Ukraine will create a consortium with Spanish gas distributor Enagas to build the first liquefied natural gas (LNG

Published 26 Nov, 2012 11:20am

Energy

Oil, gold score one-month highs in volatile week

LONDON: Crude oil and gold prices scored one-month highs this week, boosted by Middle East tensions, the faltering dolla

Published 23 Nov, 2012 11:05pm

Energy

Oil prices tick lower before weekend

LONDON: Global oil prices drifted lower on Friday in low volume deals with many US traders away for a long holiday weeke

Published 23 Nov, 2012 12:28pm

Energy

BP, Rosneft say they have signed off on TNK-BP sale

MOSCOW: British oil major BP and Russian group Rosneft said Thursday that they have signed a final agreement on the sale

Published 22 Nov, 2012 08:54pm

Energy

Brent slips below $111 after Gaza ceasefire

LONDON: Oil dipped below $111 per barrel on Thursday, as concerns over supply eased after a ceasefire took effect in the

Published 22 Nov, 2012 01:28pm

Energy

Oil prices spike as Middle East truce hopes fade

LONDON: Oil prices jumped on Wednesday as renewed violence between Israel and Gaza dimmed hopes of a cease-fire and easi

Published 21 Nov, 2012 01:25pm

Energy

Oil prices drop on fresh eurozone strains

LONDON: Oil prices fell on Tuesday on fresh economic strains caused by a downgrade to France's credit rating, and a day

Published 20 Nov, 2012 12:58pm

Energy

Romania to produce more solar than nuclear power in 2016

if investment in photovoltaic plants continues at the current pace, official figures released on Monday showed. "W

Published 19 Nov, 2012 03:41pm

Energy

Total announces sale of Nigerian stake to Sinopec

PARIS: French oil group Total announced on Monday the sale of its 20-percent stake in a Nigerian offshore bloc to China'

Published 19 Nov, 2012 02:21pm

Energy

Oil rises towards $111 on Mideast, US budget hopes

LONDON: Oil rose towards $111 a barrel on Monday as escalating violence in the Middle East fuelled concerns over oil sup

Published 19 Nov, 2012 01:52pm

Energy

FSK to invest $24.4 bln under 5-year plan

MOSCOW: Russian state-run Federal Grid Company is to invest 775.5 billion roubles ($24.4 billion) over five years from 2

Published 19 Nov, 2012 01:38pm

Energy

Nidec interested in Italy's AnsaldoEnergia: paper

MILAN: Japan's Nidec Corp is interested in Finmeccanica's power engineering unit AnsaldoEnergia and is ready to invest 1

Published 17 Nov, 2012 03:28pm

Energy

Euro Coal-Rises for 3rd day, futures at 5-week high

LONDON: European coal prices rose for a third day in a row on Friday, and a key benchmark futures contract hit a five-we

Published 16 Nov, 2012 10:36pm

Energy

Norwegian oil output lower for at least 'a few days'

OSLO: Norwegian oil production will be affected for at least "a few days" by the suspension of production at a North Sea

Published 16 Nov, 2012 03:36pm

Energy

Euro Coal-gains with gas

LONDON: European coal prices firmed along with gas prices on Thursday, traders said. Coal prices for delivery in Jan

Published 15 Nov, 2012 11:02pm

Energy

Oil prices mixed amid Gaza violence, before US data

LONDON: Oil prices diverged on Thursday as traders reacted to Middle East supply concerns as Israeli warplanes pounded G

Published 15 Nov, 2012 02:12pm

Energy

Crude prices nudge higher

LONDON: World oil prices firmed on Wednesday as dealers took their direction from a weaker dollar, but sentiment remaine

Published 14 Nov, 2012 02:19pm

Energy

BASF, Gazprom agree on natural gas asset swap

FRANKFURT: BASF and its partner Gazprom agreed on an asset swap that will see the Russian gas company take full control

Published 14 Nov, 2012 07:47am

Energy

Oil prices slip on US 'fiscal cliff' concerns

LONDON: Oil prices fell on Tuesday under the shadow of the looming US "fiscal cliff" and ongoing eurozone debt crisis, a

Published 13 Nov, 2012 01:06pm

Energy

Oil slips below $109 on demand worries, ample supply

LONDON: Oil slipped below $109 on Tuesday, declining for a second day on worries about demand growth in a well supplied

Published 13 Nov, 2012 10:00am

Energy

World oil demand in 2012 hit by storm Sandy: IEA

PARIS: Growth in world oil demand is set to fall further in 2012 than earlier forecast hit by the effects of Hurricane S

Published 13 Nov, 2012 09:11am

Energy

Oil price to rise to $125 by 2035: IEA

PARIS: The price of oil will reach $125 a barrel in 2035, the International Energy Agency said on Monday, up from the cu

Published 12 Nov, 2012 01:42pm

Energy

Oil demand to surge as US becomes biggest producer

PARIS: The global thirst for oil will grow in the next two decades driven by demand from emerging nations and the rise o

Published 12 Nov, 2012 11:38am

Energy

UK gas prices rise on undersupplied system

LONDON: British wholesale natural gas prices rose on Monday morning as the system opened slightly undersupplied, but ana

Published 12 Nov, 2012 10:34am

Energy

Global LNG market to grow 4pc a year, pivot to Asia

LONDON: The global market for liquefied natural gas (LNG) will shift further to Asia by 2020, where high prices will att

Published 11 Nov, 2012 10:52pm

Energy

Oil prices sag at end of volatile week

LONDON: World oil prices slid on Friday as traders paused for breath at the end of a rollercoaster week, during which se

Published 09 Nov, 2012 02:54pm

Energy

Europe crude, product stocks rise in October

LONDON: European crude and oil product stocks rose month-on-month in October, data from industry monitor showed on Frida

Published 09 Nov, 2012 02:03pm

Energy

Bulgaria links cheaper Russian gas with South Stream approval

SOFIA: Bulgaria linked on Wednesday its approval for building of the Bulgarian section of Gazprom-led South Stream gas p

Published 07 Nov, 2012 04:47pm

Energy

Brent slips as focus returns to growth worry

LONDON: Oil retreated on Wednesday, cutting some of the sharp gains seen this week, as investors turned their focus to p

Published 07 Nov, 2012 12:43pm

Energy

Gazprom says settles gas price conflict with Poland's PGNiG

MOSCOW: Gazprom said on Tuesday it had reached a new agreement on pricing of Russian gas deliveries to Poland with Polis

Published 06 Nov, 2012 08:12am

Energy

Turkey warns will shun companies involved in Cyprus oil, gas drilling

ANKARA: Turkey warned Saturday it would shun international companies involved in oil and gas drilling off the shores of

Published 03 Nov, 2012 10:43am

Energy

Euro Coal-Prices dip with Asia on low demand

LONDON: Prompt South African coal prices eased below the $81 per tonne mark on Friday amid few signs of demand in an ove

Published 02 Nov, 2012 10:32pm

Energy

Gazprom first half profits drop 34pc to $16.2bn

MOSCOW: The world's largest gas company Gazprom on Friday announced a 34 percent drop in net profits for the first half

Published 02 Nov, 2012 06:57am

Energy

BG Group says it sells Queensland gas interests to China's CNOOC

LONDON: British energy producer BG Group said on Wednesday it will sell interests in its Queensland Curtis liquefied nat

Published 31 Oct, 2012 11:26am

Energy

Eni expects Elgin Franklin production to resume in Q1

MILAN: Italian oil and gas group Eni expects production at the Elgin Franklin platform in the North Sea to resume in the

Published 30 Oct, 2012 02:11pm

Energy

Brent steadies above $109, Sandy knocks demand

LONDON: Crude oil was little changed on Tuesday as investors awaited news of the damage by Hurricane Sandy, which lashed

Published 30 Oct, 2012 12:46pm

Energy

Fuel supplies should recover fast post Sandy: BP

LONDON: Fuel supplies to the US North East should recovery fast in the aftermath of Hurricane Sandy, according to the ch

Published 30 Oct, 2012 12:11pm

Energy

Oil prices mixed on ambiguous US growth data

LONDON: Oil prices were mixed on Friday as traders digested initially better-than-expected, but finally ambiguous growth

Published 26 Oct, 2012 07:36pm

Energy

UK gas prices boosted by weather forecast, LNG tanker bypass

LONDON: British prompt gas prices rose on Friday morning, snapping three straight days of losses, as cooler weather fore

Published 26 Oct, 2012 11:50am

Energy

Oil slips to $108, heads for second weekly drop

LONDON: Oil fell on Friday to around $108 a barrel and was heading for its second weekly drop, pressured by expectations

Published 26 Oct, 2012 11:25am

Energy

Statoil lowers production outlook for 2013

OSLO: Norwegian oil group Statoil on Friday lowered it 2013 outlook for oil and gas production as it reported unexpected

Published 26 Oct, 2012 09:52am

Energy

Oil prices rebound

LONDON: Oil prices rebounded on Thursday, mirroring positive sentiment across equity markets, a day after crude had stru

Published 25 Oct, 2012 02:31pm

Energy

Brent rises above $109 on positive economic data

LONDON: Brent crude oil rose above $109 per barrel on Thursday, consolidating after seven days of falls as better-than-e

Published 25 Oct, 2012 12:31pm

Energy

BP says signs 'tight oil' deal with Schlumberger

MOSCOW: Russia's third-largest crude producer TNK-BP, in the process of being bought in a $55 billion takeover by Rosnef

Published 25 Oct, 2012 08:05am

Energy

Statoil confirms Brazil's Peregrino South estimate

OSLO: Statoil has confirmed an estimate of up to 300 million barrels of oil equivalent in Brazil's offshore Peregrino So

Published 24 Oct, 2012 05:05pm

Energy

UK gas prices slump on Norway, Europe supply boost

LONDON: British gas prices fell across the board on Wednesday morning as high pipeline imports from Norway, Europe and t

Published 24 Oct, 2012 12:10pm

Energy

Oil bounces as China data eases economy worry

LONDON: Oil rose on Wednesday, snapping a six-day losing streak, after economic data from China suggested a gradual reco

Published 24 Oct, 2012 12:02pm

Energy

Nigeria December oil exports to fall, without Forcados

LONDON: Nigeria is due to export around 1.88 million barrels per day (bpd) of crude oil in December, excluding the Forca

Published 24 Oct, 2012 11:29am

Energy

Petronas to meet Canadian officials on Progress deal

OTTAWA: Representatives of Malaysia's Petronas will meet later on Tuesday with Canadian government officials who blocked

Published 23 Oct, 2012 07:14pm

Energy

Oil slips towards $109 despite supply risks

LONDON: Oil eased towards $109 a barrel on Tuesday as investors brushed off Iran's threat to halt exports if the West ti

Published 23 Oct, 2012 12:46pm

Energy

Total declared force majeure on gas to Nigeria LNG

PARIS: France's Total has declared force majeure on gas supplies to Nigeria LNG's liquefication plant, the company said

Published 23 Oct, 2012 11:31am

Energy

Oil slips towards $109 despite supply risks

LONDON: Oil eased towards $109 a barrel on Tuesday as investors brushed off Iran's threat to halt exports if the West ti

Published 23 Oct, 2012 10:20am

Energy

Shell warns on Nigerian exports after damage to pipelines

LAGOS: Anglo-Dutch oil group Shell said on Tuesday it may not meet contractual obligations on certain exports from Niger

Published 23 Oct, 2012 08:04am

Energy

BP says to sell TNK-BP stake to Rosneft for $17.1bn, shares

LONDON: British oil firm BP said Monday that it has agreed to sell its half of Russian venture TNK-BP to Rosneft for $17

Published 22 Oct, 2012 12:17pm

Energy

Azerbaijan ups gas flow to Turkey more than 50pc: BP

ANKARA: Azerbaijan raised its gas supply from its Shah Deniz fields to Turkey more than 50 percent on Saturday following

Published 20 Oct, 2012 04:13pm

Energy

Oil prices trade mixed

LONDON: Oil prices were mixed on Friday following recent volatility and as investors awaited the final outcome of an EU

Published 19 Oct, 2012 11:18am

Energy

Gazprom says ups gas flows to Turkey after blast

MOSCOW: Russia's top natural gas producer Gazprom said on Friday it has increased daily gas supplies to Turkey to 48 mil

Published 19 Oct, 2012 08:35am

Energy

Estonia oil loadings slump as Ust-Luga flourishes

TALLINN: Estonia's main oil loading port, Tallinn, handled 1.49 million tonnes of mostly oil products in September, down

Published 19 Oct, 2012 08:31am

Energy

UK gas rises on colder weather, Norway output warning

LONDON: British gas prices rose across the board on Wednesday as temperatures were expected to drop and lift demand, whi

Published 17 Oct, 2012 10:15am

Energy

Brent oil slips as global economy worry persists

LONDON: Brent crude oil fell on Wednesday as lingering worry about the global economy overshadowed relief that Spain avo

Published 17 Oct, 2012 09:21am

Energy

Norway says oil output may miss 2012 target

OSLO: Oil and gas production in Norway, the world's eight biggest oil exporter, fell sharply in September and full-year

Published 17 Oct, 2012 07:33am

Energy

Italy plans to double its oil, gas production by 2020

MILAN: Italy intends to double its domestic production of oil and gas by 2020 and boost renewable energy power generatio

Published 16 Oct, 2012 09:12pm

Energy

Iran's oil exports fall in Sept, may slip further

LONDON: Iran's oil supply, which has fallen to the lowest in more than two decades, is unexpectedly continuing to declin

Published 12 Oct, 2012 10:42pm

Energy

Oil falls below $115 on IEA weaker oil demand view

LONDON: Oil fell below $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher suppl

Published 12 Oct, 2012 10:00am

Energy

Oil pushes higher on Syria tension

LONDON: Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria

Published 11 Oct, 2012 09:26am

Energy

UK National Grid ups peak winter gas demand forecast

LONDON: The UK's National Grid expects peak gas demand at 516 million cubic meters/day (mcm/day) in the coming winter, 9

Published 10 Oct, 2012 10:04am

Energy

Norway gas flow to Britain drops sharply

OSLO: Norwegian gas exports to Europe fell on Wednesday morning as output from the Nyhamna gas plant has been reduced du

Published 10 Oct, 2012 08:49am

Energy

UK spot gas prices rise on shaky Norwegian flows

LONDON: British prompt gas prices rose on Tuesday morning as renewed problems with Norwegian exports reduced supplies to

Published 09 Oct, 2012 10:36am

Energy

Oil rises towards $113 on Syria-Turkey tensions

LONDON: Oil rose towards $113 a barrel on Tuesday after two days of losses, with tensions in the Middle East and the ris

Published 09 Oct, 2012 10:32am

Energy

Oil prices extend losses

LONDON: Oil prices fell on Monday following losses at the end of last week, as traders focused on a weak energy demand o

Published 08 Oct, 2012 05:09pm

Energy

UK gas falls as Norway imports regain

LONDON: British prompt gas prices eased on Monday as imports from Norway via the Langeled pipeline regained full strengt

Published 08 Oct, 2012 10:35am

Energy

Norway gas exports rise almost 10pc in 2011/2012 gas year

OSLO: Norway gas exports to Europe gained by almost 10 percent to 105 billion cubic metres (bcm) during the gas year 201

Published 08 Oct, 2012 09:28am

Energy

Stena Crystal Sky LNG ship due in Belgium Oct. 16

LONDON: The Stena Crystal Sky liquefied natural gas (LNG) tanker is expected to arrive at Belgium's Zeebrugge terminal o

Published 08 Oct, 2012 06:28am

Energy

Oil losing grip on transport fuel market:areport

LONDON: The transport industry that burns over half the world's oil is wriggling free from dependence on gasoline and di

Published 08 Oct, 2012 01:14am

Energy

Dutch court rejects Shell bid to ban Greenpeace protests

HAGUE: Dutch court on Friday rejected a bid by oil multinational Royal Dutch Shell to ban Greenpeace from protesting nea

Published 05 Oct, 2012 03:36pm

Energy

Oil prices slip on profit taking, before key data

LONDON: Oil prices fell Friday, as many traders cashed in some of their bumper gains from the previous day, and eagerly

Published 05 Oct, 2012 01:08pm

Energy

Eni discovers gas and condensate in Barents Sea

OSLO: Eni has discovered gas and condensate northwest of the Snoehvit field in the Barents Sea, the Norwegian Petroleum

Published 05 Oct, 2012 06:35am

Energy

Oil rallies to $109 as risk appetite returns

LONDON: Brent crude oil rose towards $109 per barrel on Thursday as expectations Spain would seek a bailout and better U

Published 04 Oct, 2012 10:39am

Energy

Gulf Keystone raises funds as it scales up in Kurdistan

LONDON: Britain's Gulf Keystone Petroleum is to raise $200 million to bolster its resources as it pushes to expand its o

Published 04 Oct, 2012 07:16am

Energy

Oil falls as economic data dims demand outlook

LONDON: Crude oil prices fell on Wednesday, as weak data from Europe and China dimmed the outlook for demand, while Euro

Published 03 Oct, 2012 09:26am

Energy

Statoil says signs rig contracts worth NOK 9.2bn

OSLO: Norwegian oil and gas firm Statoil has signed contracts for three drill rigs to be used offshore Norway at a total

Published 03 Oct, 2012 08:47am

Energy

Brent crude falls on growth, Europe debt worry

LONDON: Brent crude oil futures fell $1 a barrel on Wednesday, dented by concerns about global growth and the outlook fo

Published 03 Oct, 2012 07:15am

Energy

BP to shut UK CATS Riser platform for work in July/Aug 2013

LONDON: BP will shut down the North Sea CATS Riser platform from July 1-Aug. 15 next year for maintenance and will under

Published 03 Oct, 2012 07:03am

Energy

Russia's Sept oil output at new high of 10.41mn bpd

MOSCOW: Russia's oil output, the world's largest, edged up 0.3 percent in September to reach a new post-Soviet high of 1

Published 02 Oct, 2012 05:58am

Energy

Turkey raises gas, electricity prices by 9.8pc

ANKARA: Turkey raised natural gas and electricity prices by 9.8 percent from Monday in line with rising global energy co

Published 01 Oct, 2012 08:55am

Energy

MOL to axe 700 jobs in downstream reshuffle

BUDAPEST: Hungarian oil and gas group MOL plans to lay off 700 workers as part of a wider reorganisation of its downstre

Published 29 Sep, 2012 04:13pm

Energy

Aker Solutions wins $400mn Shell contract in Brunei

OSLO: Norwegian oil services firm Aker Solutions has won a five-year 2.3 billion crown ($400 million) contract to manage

Published 27 Sep, 2012 06:34am

Energy

Europe Oil Products-Firmer on maintenance, bullish data

LONDON: Gasoline barge prices and gasoil barge differentials firmed in northwest Europe on Wednesday as Europe hit its p

Published 26 Sep, 2012 09:43pm

Energy

Russian billionaires seek full BP buyout

MOSCOW: The battle for control of BP's Russian oil joint venture escalated on Wednesday when its local tycoon co-owners

Published 26 Sep, 2012 01:34pm

Energy

New York oil price slides close to two-month low

LONDON: The price of New York oil sank on Wednesday to the lowest point in almost two months, pressured by eurozone debt

Published 26 Sep, 2012 12:13pm

Energy

UK winter gas drops to lowest level since August

LONDON: British natural gas prices for delivery in the upcoming winter season dropped to their lowest level since the be

Published 26 Sep, 2012 09:13am

Energy

Crude oil falls more than $1 on euro zone worries

LONDON: Crude oil futures fell more than $1 per barrel on Wednesday on worries over the euro zone debt crisis as Greece

Published 26 Sep, 2012 08:43am

Energy

Oil climbs above $110; Iran in focus

LONDON: Oil rose above $110 a barrel on Tuesday as escalating tensions over Iran offset plentiful supplies and concern o

Published 25 Sep, 2012 10:24am

Energy

Turkey to begin Russia gas contract talks in new year

ISTANBUL: Turkey will begin talks with Russia in the new year on transferring a further 4 billion cubic metres (bcm) of

Published 25 Sep, 2012 08:59am

Energy

Oil falls below $110 on growth worries

LONDON: Brent crude oil fell below $110 a barrel on Monday, dragged down by a firm dollar and worries over weak global e

Published 24 Sep, 2012 09:49am

Energy

Brent crude oil falls $2 as growth worries deepen

LONDON: North Sea Brent crude oil fell $2 per barrel on Monday, dragged down by a firm dollar and worries over weak glob

Published 24 Sep, 2012 09:10am

Energy

Total sees 2017 output potential at 3mn oil barrels/day

PARIS: French oil group Total expects its production potential to reach about 3 million barrels of oil a day in 2017 bol

Published 24 Sep, 2012 08:16am

Energy

BP plans board seat for Russian: paper

LONDON: British oil giant BP, which wants to buy a stake in Russian state-controlled rival Rosneft, plans to appoint a p

Published 23 Sep, 2012 02:56pm

Energy

Crude oil falls below $108 on China data, Saudi pledge

LONDON: Brent crude fell below $108 a barrel on Thursday after data showed China's manufacturing is still contracting, a

Published 20 Sep, 2012 10:18am

Energy

UK gas prices flat despite short system

LONDON: British prompt gas prices moved sideways on Thursday morning as an undersupplied system, due to low Norwegian im

Published 20 Sep, 2012 09:48am

Energy

Brent crude drops more than $1 to $107.18/bbl

LONDON: Brent crude futures fell more than $1 to $107.18 a barrel on Thursday after Saudi Arabia's pledge earlier this w

Published 20 Sep, 2012 07:53am

Energy

UK gas rises with cold weather, Dutch pipeline outage

LONDON: British prompt gas prices rose on Wednesday, reflecting a rise in demand due to cooler weather conditions and ti

Published 19 Sep, 2012 10:14am

Energy

Oil rises as Japan also opens monetary taps

LONDON: Brent crude oil prices rose on Wednesday after Japan's central bank became the latest country to further open th

Published 19 Sep, 2012 09:27am

Energy

Oil steadies near $114 after steep slide

LONDON: Oil held near $114 a barrel on Tuesday, steadying after the previous session's steep slide which traders said di

Published 18 Sep, 2012 09:58am

Energy

Turkey plans second oil drilling in Cyprus

ISTANBUL: Turkey plans a second exploratory onshore oil well in Cyprus, Energy Minister Taner Yildiz told reporters afte

Published 18 Sep, 2012 08:39am

Energy

Russian Q4 crude exports to jump ex-Novo, down in Baltic

MOSCOW: Russian crude supplies from the Black Sea port of Novorossiisk are expected to jump by more than 8 percent to 11

Published 18 Sep, 2012 08:37am

Energy

Oil trader Vitol sees $120 a barrel as price ceiling

GENEVA: Brent crude prices are unlikely to rise above $120 a barrel due to ample oil supplies and slow economic growth,

Published 18 Sep, 2012 07:01am

Energy

Oil steady over $116

LONDON: Brent crude oil held above $116 a barrel on Monday, steadying after seven days of gains on expectations US econo

Published 17 Sep, 2012 03:41pm

Energy

Russia Oct crude duty seen up 6.4pc to $418.9 per ton

MOSCOW: Russia's oil export duty for October is expected to rise by 6.4 percent to $418.9 per tonne from $393.8 in Septe

Published 17 Sep, 2012 08:05am

Energy

Cologne utility okays new gas-to-power plant

COLOGNE: Germany Rheinenergie of Cologne is to go ahead with the construction of a new gas-fired power station after its

Published 14 Sep, 2012 01:30pm

Energy

Brent, US crude futures rise $2

LONDON: Brent crude futures rose for the seventh straight session on Friday, climbing $2 to move close to $118 a barrel

Published 14 Sep, 2012 10:01am

Energy

Oil edges up ahead of Fed policy decision

LONDON: Oil futures rose above $116 a barrel on Thursday as investors awaited a US Federal Reserve announcement, expecte

Published 13 Sep, 2012 09:43am

Energy

UK gas prices firm on short supply

LONDON: British prompt gas prices edged higher on Thursday morning on the back of a shortage in the system, although ana

Published 13 Sep, 2012 09:07am

Energy

Total in commercial LNG deal with South Korea's Kogas

PARIS: French oil giant Total said on Thursday its gas affiliate Total Gas & Power Limited sealed a deal with South Kore

Published 13 Sep, 2012 07:34am

Energy

Euro Coal prices sag to $89.50/T

LONDON: Physical coal prices fell by between 75 cents and $1.50 per tonne on Wednesday on tepid demand and growing offer

Published 12 Sep, 2012 10:21pm

Energy

Brent oil gains on euro zone bailout

LONDON: Brent crude oil rose on Wednesday, lifted by a German court decision backing a euro zone bailout fund, hopes the

Published 12 Sep, 2012 04:00pm

Energy

Low sulphur gasoil deliveries crash to zero in Sept: ICE

LONDON: Deliveries of low-sulphur gasoil, also known as diesel, fell back to zero in September, after hitting 126,000 to

Published 12 Sep, 2012 03:03pm

Energy

Repsol's LNG sale attracts number of bids: sources

MADRID: Spanish oil company Repsol has received at least six offers from other firms for the package of stakes in liquef

Published 11 Sep, 2012 06:39pm

Energy

OPEC pumps more oil

LONDON: Oil consumers have enough crude supply and the risk to global demand growth remains skewed to the downside, expo

Published 11 Sep, 2012 03:57pm

Energy

Oil rises above $115 ahead of Fed meeting

LONDON: Oil rose above $115 a barrel on Tuesday, lifted by expectations the US Federal Reserve would unveil further step

Published 11 Sep, 2012 10:37am

Energy

Euro Coal-Drops $1-$1.50 with weaker gas

LONDON: Physical coal prices fell by $1.00-$1.50 a tonne on Tuesday in line with weaker UK gas, despite a rise in oil on

Published 10 Sep, 2012 11:48pm

Energy

Brent climbs towards $115 despite soft China demand

LONDON: Brent crude oil climbed towards $115 per barrel on Monday, buoyed by expectations of economic stimulus measures

Published 10 Sep, 2012 12:16pm

Energy

Brent climbs towards $115 despite soft China demand

LONDON: Brent crude oil climbed towards $115 per barrel on Monday, buoyed by expectations of economic stimulus measures

Published 10 Sep, 2012 10:30am

Energy

Oil prices rise on US stimulus hopes

LONDON: Oil prices rose Monday on hopes of more US financial stimulus aimed at boosting the world's biggest economy, a p

Published 10 Sep, 2012 10:24am

Energy

Transocean in $1.0bn oil rig deal with Shelf Drilling

ZURICH: Swiss oil drilling giant Transocean said Monday it had signed a deal to sell 38 oil rigs to Shelf Drilling worth

Published 10 Sep, 2012 09:32am

Energy

Mexico outgoing president calls for oil reform

VLADIVOSTOK: Mexico, the world's seventh-largest oil producer, needs to change its oil exploration laws to boost output

Published 08 Sep, 2012 09:47am

Energy

BHP Billiton says sells RBM stake for $1.9bn

LONDON: Anglo-Australian miner BHP Billiton said Friday it had completed the sale of its 37 percent stake in Richards Ba

Published 07 Sep, 2012 03:45pm

Energy

Oil gains, US jobs data awaited

LONDON: Oil prices rose on Friday ahead of a US jobs report which could point to a stronger economic outlook for the wor

Published 07 Sep, 2012 11:20am

Energy

Brent oil supply heads for rebound in October

LONDON: Supply of the North Sea crude oil that underpins the benchmark Brent contract is set to rise from a record low i

Published 06 Sep, 2012 01:40pm

Energy

Transneft seeks 6pc rise in oil transport tariff

MOSCOW: Russia's state-owned pipeline operator Transneft is seeking a rise of nearly 6 percent in the tariff on oil ship

Published 06 Sep, 2012 01:27pm

Energy

Oil up at around $116 on stimulus hopes

LONDON: Oil prices rose for a fourth day to around $116 per barrel, supported by hopes for further stimulus measures fro

Published 04 Sep, 2012 09:45am

Energy

Speculators raise net Brent, gasoil longs

LONDON: Speculators increased their net long positions in Brent crude and gasoil futures and options in the week to Aug.

Published 03 Sep, 2012 12:29pm

Energy

Shell shuts Nigerian oil pipeline after leak

LONDON: Royal Dutch Shell said it closed an oil pipeline leading to a flow station in Nigeria, Africa's top oil producer

Published 03 Sep, 2012 12:28pm

Energy

Oil slips towards $114 after weak Chinese data

LONDON: Oil slipped on Monday after Chinese data showed a deepening slowdown in the world's biggest energy consumer, but

Published 03 Sep, 2012 09:20am

Energy

Aug oil hits post-Soviet high 10.38mn bpd: Russia

MOSCOW: Russia extracted oil at a record pace of 10.38 million barrels per day in August, a level unseen since the colla

Published 02 Sep, 2012 09:52am

Energy

Russia's Aug oil hits post-Soviet high of 10.38mn bpd

MOSCOW: Russia extracted oil at a record pace of 10.38 million barrels per day in August, a level unseen since the colla

Published 02 Sep, 2012 07:26am

Energy

Oil rises above $113, heads for 2nd monthly gain

LONDON: Oil rose above $113 a barrel on Friday, heading for a second monthly gain, supported by investor hopes of more m

Published 31 Aug, 2012 12:50pm

Energy

Oil mixed as US facilities avoid hurricane's fury

LONDON: Crude oil prices traded mixed Thursday as supply concerns eased after Hurricane Isaac left production facilities

Published 30 Aug, 2012 12:12pm

Energy

Oil rises over $113 ahead of central bank meet

LONDON: Oil futures rose over $113 a barrel on Thursday before a speech by the US Federal Reserve chairman that may indi

Published 30 Aug, 2012 12:02pm

Energy

Oil falls to $112 as Isaac avoids oil facilities

LONDON: Brent crude oil futures slipped to $112 per barrel on Wednesday as Hurricane Isaac, which hit land in Louisiana,

Published 29 Aug, 2012 10:14am

Energy

Oil steady below $113; Isaac stokes supply worries

LONDON: Oil was steady below $113 a barrel on Tuesday, as tropical storm Issac bore down on the Gulf of Mexico and force

Published 28 Aug, 2012 10:17am

Energy

Oil prices climb as Isaac hits Gulf of Mexico production

PARIS: Crude prices climbed on Monday as supply of oil and gas from the Gulf of Mexico was curtailed after Tropical Stor

Published 27 Aug, 2012 02:41pm

Energy

Rise of global LNG challenges gas monopolies

LONDON: Liquefied natural gas (LNG) is now the fastest growing fuel in the world and spurred by new discoveries is set t

Published 24 Aug, 2012 01:42pm

Energy

Oil prices end week downbeat

LONDON: Oil prices dropped Friday at the end of a volatile week for crude markets amid clouded outlooks for economic sti

Published 24 Aug, 2012 11:40am

Energy

Oil steadies on euro zone hopes, Mideast supports

LONDON: Oil hovered near $115 a barrel on Wednesday as investors held out hope that Europe would overcome its debt crisi

Published 22 Aug, 2012 09:34am

Energy

Oil steady near 3-month highs on supply worries

LONDON: Oil steadied near three-month highs on Thursday, supported by worries over possible disruptions to supply from t

Published 16 Aug, 2012 12:12pm

Energy

Oil steady near 3-month highs on supply worries

LONDON: Oil steadied near three-month highs on Thursday, supported by worries over possible disruptions to supply from t

Published 16 Aug, 2012 09:13am

Energy

Brent holds around $114 on supply risk, QE hopes

LONDON: Brent crude oil futures held steady around $114 on Wednesday, near a three-month high, supported by supply disru

Published 15 Aug, 2012 09:28am

Energy

German power prices heading for autumn downturn

LONDON: German wholesale power prices have rallied each summer since 2009 and then slipped into lengthy downturns and le

Published 14 Aug, 2012 10:14am

Energy

Euro Coal-Prices creep 25 cents higher with oil, gas

LONDON: Physical prompt South African coal prices rose marginally by around 25 cents to $91.25 a tonne on Monday, in lin

Published 13 Aug, 2012 04:59pm

Energy

Oil hits 3-month high above $114 on supply concern

LONDON: Oil rose above $114 per barrel on Monday to the highest in more than three months as concern about supplies and

Published 13 Aug, 2012 09:42am

Energy

Oil falls below $112, demand concern weighs

LONDON: Oil fell to around $112 a barrel on Friday as a slowdown in China's trade flows and weaker forecasts from the In

Published 10 Aug, 2012 11:56am

Energy

IEA cuts global oil demand forecasts on economic slowdown

PARIS: Faltering economic growth will undercut global oil demand this year and next, the International Energy Agency sai

Published 10 Aug, 2012 09:14am

Energy

Europe's LNG supplies to drop 70pc by 2015

LONDON: Supplies of liquefied natural gas (LNG) to Europe are likely to drop by almost 70 percent by 2015 as the booming

Published 09 Aug, 2012 02:57pm

Energy

OPEC basket price rises to $108.36 on Wednesday

LONDON: OPEC's reference crude oil basket rose further to $108.36 a barrel on Wednesday, up from $107.58 the previous da

Published 09 Aug, 2012 11:10am

Energy

Oil up at $112.75 on supply fears, stimulus hopes

LONDON: Oil prices rose to around $112.75 a barrel on Thursday, buoyed by supply disruptions in the Gulf of Mexico and l

Published 09 Aug, 2012 11:08am

Energy

Oil steadies at $112 after disappointing China data

LONDON: Oil prices steadied around $112 a barrel on Thursday as sobering production and consumption data from China weig

Published 09 Aug, 2012 10:10am

Energy

South African coal prices rebound to highest level

LONDON: South African physical coal prices rebounded on Wednesday to the highest level since the short-lived rally in Ju

Published 08 Aug, 2012 10:01am

Energy

Brent steady near 12-week highs on supply worries

LONDON: Brent crude oil steadied above $111 per barrel on Wednesday, just below 12-week highs but supported by worries o

Published 08 Aug, 2012 09:41am

Energy

Oil up on prospects of EU debt moves, tighter supply

LONDON: Oil futures rose above $110 a barrel on Tuesday, on hopes that Europe would take further action to tackle its de

Published 07 Aug, 2012 12:11pm

Energy

Oil up on supply concerns, economic growth hopes

LONDON: Oil futures rose above $110 a barrel on Tuesday, on hopes that Europe would take further action to tackle its in

Published 07 Aug, 2012 10:08am

Energy

Oil falls over $1 after surge; data eyed

LONDON: Oil fell by over $1 a barrel on Monday, retreating from gains last week, as investors awaited more clues on the

Published 06 Aug, 2012 12:02pm

Energy

Oil prices ease back after surge

LONDON: Oil prices retreated Monday as traders took profits following a pre-weekend surge on positive jobs data from the

Published 06 Aug, 2012 11:30am

Energy

Oil prices rebound from sharp losses

LONDON: World oil prices rebounded Friday, recouping some of the previous day's losses, as traders snapped up bargain cr

Published 03 Aug, 2012 11:20am

Energy

Oil prices rebound from sharp losses

LONDON: World oil prices rebounded Friday, recouping some of the previous day's losses, as traders snapped up bargain cr

Published 03 Aug, 2012 10:57am

Energy

Oil slips towards $105 after ECB, Fed disappoint

LONDON: Brent crude oil fell towards $105 per barrel on Thursday on disappointment that neither the US Federal Reserve n

Published 02 Aug, 2012 03:18pm

Energy

LNG influx set to drive down British gas prices

LONDON: British gas prices face downward pressure throughout August as increasing shipments of liquefied natural gas (LN

Published 02 Aug, 2012 01:36pm

Energy

Oil climbs above $106 before ECB, after Fed letdown

LONDON: Brent crude oil rose above $106 a barrel on Thursday as investors looked to Europe for action to stabilise the e

Published 02 Aug, 2012 09:49am

Energy

Oil prices mixed before Fed meeting

LONDON: Oil prices were mixed Tuesday before a meeting of the Federal Reserve which could reveal more stimulus measures

Published 31 Jul, 2012 12:13pm

Energy

Iraq's Kirkuk August exports seen reaching multi year low

LONDON: Iraqi exports of Kirkuk crude oil are set to plunge to a new low in August after a dispute between Baghdad and t

Published 31 Jul, 2012 11:18am

Energy

OPEC oil output falls in July on Iran

LONDON: OPEC crude oil output has fallen in July as US and European sanctions have cut supply from Iran and due to reduc

Published 30 Jul, 2012 03:07pm

Energy

Oil prices rise before US stockpiles data

LONDON: Global crude prices rose slightly on Wednesday as traders looked ahead to the latest weekly snapshot of energy i

Published 25 Jul, 2012 11:36am

Energy

Slovenia's Petrol sees 9pc first half profit rise

LJUBLJANA: Slovenia's largest fuel retailer Petrol said on Tuesday its estimated group net profit in the first half of 2

Published 24 Jul, 2012 03:00pm

Energy

Brent crude falls $4 on eurozone worries

LONDON: Brent crude oil futures fell $4 to $102.83 a barrel on Monday as investors and traders dumped riskier assets on

Published 23 Jul, 2012 01:54pm

Energy

UK gas falls to 2 month low, warm weather caps demand

LONDON: British prompt gas prices slipped to a two-month low on Monday as warm weather reduced buying from domestic gas

Published 23 Jul, 2012 10:57am

Energy

Brent crude down $3 on eurozone fears

LONDON: Brent crude oil futures fell $3 to $103.83 a barrel on Monday as investors and traders dumped risk assets over f

Published 23 Jul, 2012 08:45am

Energy

US crude falls $3 on eurozone fears

LONDON: US crude futures fell $3 to $88.83 a barrel on Monday as investors and traders dumped risk assets over fears tha

Published 23 Jul, 2012 08:39am

Energy

Oil slips under $107, easing after rally

LONDON: Oil fell under $107 per barrel on Friday as prices eased from an eight-week high the previous session spurred by

Published 20 Jul, 2012 11:41am

Energy

Oil rises above $106 on Middle East tension

LONDON: Oil rose above $106 a barrel on Thursday to hit a seven-week high as violence in Syria and an attack on Israeli

Published 19 Jul, 2012 11:55am

Energy

Oil rises above $106 on Middle East tension

LONDON: Oil rose above $106 a barrel on Thursday to hit a seven-week high as a rise in tension in the Middle East brough

Published 19 Jul, 2012 09:51am

Energy

UK gas falls as Dutch imports rise, storage demand cut

LONDON: British prompt gas prices slipped on Wednesday due to a rise in Dutch imports and weak demand levels amid below-

Published 18 Jul, 2012 09:20am

Energy

Italy's Eni to sell further 5pc of Snam capital

MILAN: Italian energy company Eni is to sell a further 5 percent of gas group Snam's share capital, the oil major said i

Published 17 Jul, 2012 08:26pm

Energy

Oil rises to $104 on Fed stimulus hopes

LONDON: Brent crude oil rose to $104 a barrel on Tuesday ahead of a speech by US Federal Reserve Chairman Ben Bernanke t

Published 17 Jul, 2012 10:27am

Energy

UK gas prices rise on lower Norway pipeline flows

LONDON: Wholesale natural gas prices in Britain rose on Tuesday morning as an undersupplied system pushed up prices in t

Published 17 Jul, 2012 08:51am

Energy

OPEC basket price rose to $99.93 on Tuesday

LONDON: OPEC's reference crude oil basket rose to $99.93 a barrel on Monday from $99.10 the previous Friday, OPEC said o

Published 17 Jul, 2012 08:01am

Energy

OPEC 2011 exports jump, Angola's reserves slide

LONDON: OPEC's petroleum exports jumped in value by 40 percent in 2011 year-on-year and the producers' GDP climbed 18 pe

Published 16 Jul, 2012 08:54pm

Energy

Oil holds above $102 on China stimulus hopes

LONDON: Oil prices held steady above $102 a barrel on Monday, supported by weekend comments from China's Premier Wen Jia

Published 16 Jul, 2012 01:18pm

Energy

Crude oil market slips lower

LONDON: World oil prices eased on Monday after Saudi Arabia and the United Arab Emirates opened pipelines bypassing the

Published 16 Jul, 2012 11:34am

Energy

Oil holds above $102 on China stimulus hopes

LONDON: Oil prices held steady above $102 a barrel on Monday supported by weekend comments from China's Premier Wen Jiab

Published 16 Jul, 2012 10:31am

Energy

Euro Coal-S.African prices fall $1-3/T

LONDON: South African physical prompt coal prices dropped by $1 to $3 a tonne on Thursday, pulled lower by heavy selling

Published 12 Jul, 2012 10:16pm

Energy

Brent below $99, IEA sees slowdown

LONDON: Oil prices fell below $99 per barrel on Thursday, retreating after a 2 percent rally the previous session, as th

Published 12 Jul, 2012 01:39pm

Energy

Total lifts stake in Ichthys gas project to 30pc

PARIS: French oil group Total has increased its stake in the $34 billion Ichthys liquefied natural gas (LNG) project in

Published 12 Jul, 2012 11:41am

Energy

IEA cuts 2012, 2013 global economic growth estimates

PARIS: Global economic growth this year and next will be less than expected, the IEA said on Thursday, because of a weak

Published 12 Jul, 2012 08:29am

Energy

World oil prices slide as Norway strike ends

LONDON: World oil prices sank on Tuesday, with Brent sliding back under the $100 level, after the Norwegian government a

Published 10 Jul, 2012 09:02am

Energy

Norway intervenes to avert oil shutdown

OSLO: Norway's government intervened to end a 16-day oil strike just minutes ahead of a threatened lockout on Tuesday th

Published 10 Jul, 2012 07:56am

Energy

Brent nears $99 on Norway strike, China data

LONDON: Brent crude oil climbed towards $99 a barrel on Monday as failed labour talks stoked worries of an imminent shut

Published 09 Jul, 2012 01:22pm

Energy

World oil prices rise before Norway lockout

LONDON: World oil prices advanced on Monday, rebounding from recent losses ahead of a looming lockout of Norwegian produ

Published 09 Jul, 2012 11:21am

Energy

Brent rises to $99 on Norway strike

LONDON: Brent crude oil climbed to around $99 a barrel on Monday as failed labour talks stoked worries of a full shutdow

Published 09 Jul, 2012 09:11am

Energy

Crude loadings to restart in flooded Russia port

MOSCOW: Operations were returning to normal in the Russian Black Sea port of Novorossiisk on Sunday after a sudden flood

Published 08 Jul, 2012 08:30am

Energy

Norway oil industry talks to continue overnight

OSLO: Norway's offshore oil workers and their employers will continue talks to find a solution to a strike and planned l

Published 07 Jul, 2012 10:49pm

Energy

Novorossiisk port halts crude shipments due to storm

MOSCOW: Novorossiisk, Russia's largest Black Sea port, halted crude oil shipments on Saturday after a storm, floods and

Published 07 Jul, 2012 09:39am

Energy

Total share of French oil inventories tax up to $197m: CEO

AIX-EN-PROVENCE: The cost for Total of the new 550 million-euro tax on oil inventories included in France's amended 2012

Published 07 Jul, 2012 08:24am

Energy

Norway talks to try to avert oil shutdown

OSLO: Employers and striking unions in Norway will meet on Saturday after the energy industry ordered a lockout next wee

Published 06 Jul, 2012 08:31pm

Energy

BP Rotterdam crude unit to shut for work in Oct-trade

LONDON: A crude processing unit at BP's Rotterdam refinery will shut in October for planned works, traders said on Frida

Published 06 Jul, 2012 03:06pm

Energy

Oil falls towards $98, concern grows over US economy

LONDON: Oil fell towards $98 a barrel on Friday as concern spread over the health of the US economy and investors expect

Published 06 Jul, 2012 01:58pm

Energy

Oil rises on Norwegian lock out move

LONDON: Oil prices rose towards $102 a barrel on Thursday on fears Norway's oil output could be sharply cut after oil ma

Published 05 Jul, 2012 12:09pm

Energy

Oil jumps $2 on Norway strike

LONDON: Oil prices jumped $2 to more than $102 a barrel on Thursday as Norway's state oil major Statoil said it would st

Published 05 Jul, 2012 10:29am

Energy

Saudi Arabia raises crude prices to Asia and Europe

LONDON: Saudi Arabia has raised the August official selling price (OSP) for its light crude for Asia and Europe from Jul

Published 05 Jul, 2012 08:00am

Energy

UK gas prices rise on undersupplied system

LONDON: British prompt natural gas prices rose on Wednesday morning as an undersupplied system pushed up prices while co

Published 04 Jul, 2012 11:05am

Energy

Norway oil industry body, unions to meet over strike

OSLO: Norwegian oil sector employers and labour unions will resume talks on Wednesday in an attempt to put an end to an

Published 04 Jul, 2012 10:54am

Energy

BP pressed for records on failed Russia deal

MOSCOW: British energy group BP faced new demands on Monday to release e-mails about a failed Arctic oil alliance with R

Published 02 Jul, 2012 01:22pm

Energy

Crude oil prices drop after pre-weekend surge

LONDON: Crude prices fell on Monday following a pre-weekend surge and in the wake of weak Chinese economic data, and as

Published 02 Jul, 2012 01:03pm

Energy

Doubts hit oil, metals as Q3 kicks off; corn jumps

LONDON/SINGAPORE: Oil fell by more than $2 on Monday as most commodities began the third quarter in the red, weighed dow

Published 02 Jul, 2012 12:27pm

Energy

Gas giant Linde expands to fill healthy space

LONDON: The German company will pay $4.6 billion including debt for Lincare, a specialist in respiratory gases. That is

Published 02 Jul, 2012 10:09am

Energy

CEZ receives bids for nuke plant expansion

PRAGUE: Czech power utility CEZ said on Monday it received bids to build nuclear reactors from France's Areva, Toshiba C

Published 02 Jul, 2012 10:02am

Energy

Oil falls towards $96 on weak factory data

LONDON: Brent crude oil fell towards $96 a barrel on Monday after weak factory data from Europe and Asian economies incl

Published 02 Jul, 2012 09:13am

Energy

Unipetrol Paramo unit to end crude processing

PRAGUE: Czech downstream oil processor Unipetrol said on Monday its loss-making unit Paramo will end crude oil processin

Published 02 Jul, 2012 08:51am

Energy

Heritage Oil to buy Nigeria assets in $850mn deal

LONDON: Heritage Oil has agreed to buy a stake in a string of Nigerian oilfield assets, known as OML 30, in a deal which

Published 01 Jul, 2012 09:26am

Energy

Oil prices surge on EU summit deal

LONDON: World oil prices surged on Friday with traders lauding a $150-billion growth pact pushed through by the European

Published 29 Jun, 2012 11:56am

Energy

Brent falls towards $93 on euro zone

LONDON: Brent crude oil slipped to around $93 per barrel on Thursday as worries a deepening euro zone crisis would curb

Published 28 Jun, 2012 12:45pm

Energy

Shell extends offer for explorer Cove Energy again

LONDON: Oil major Shell again extended a deadline for Cove Energy shareholders to accept its $1.8 billion takeover offer

Published 28 Jun, 2012 12:34pm

Energy

UK gas curve up from 16-month low on steadier oil

LONDON: British gas for delivery next winter touched a fresh 16-month low early on Tuesday but steady trade in the oil m

Published 26 Jun, 2012 10:44am

Energy

Oil rises towards $92 ahead of EU meeting

LONDON: Oil climbed towards $92 per barrel on Tuesday as the prospect of a decline in US crude stockpiles offset concern

Published 26 Jun, 2012 09:39am

Energy

Oil prices drop despite production problems

LONDON: World oil prices dropped on Monday as eurozone debt concerns offset production stoppages in the Gulf of Mexico a

Published 25 Jun, 2012 12:05pm

Energy

Oil falls as investors unconvinced on EU growth talk

LONDON: crude slipped further and US crude turned negative as trade moved to European trading hours on Monday with conce

Published 25 Jun, 2012 09:06am

Energy

Statoil extends Ocean Vanguard rig contract

OSLO: Norwegian oil firm Statoil has exercised an option to extend a contract for drilling rig Ocean Vanguard, a Statoil

Published 22 Jun, 2012 01:24pm

Energy

Russia's Transneft Q1 net income down 31pc y/y

MOSCOW: Russia's state-owned oil pipeline monopoly Transneft said on Thursday its first-quarter net profit fell 31 perce

Published 21 Jun, 2012 11:49am

Energy

Oil at 18-month low on China date, US stocks

LONDON: Brent crude oil hit an 18-month low of $91 per barrel on Thursday as the outlook for economic growth darkened, p

Published 21 Jun, 2012 11:36am

Energy

Taiwan's CPC buys Angolan and Azeri crude for Aug

LONDON: Taiwan's CPC Corp has bought Angolan and Azeri crude via a tender to buy August loading light crude, traders sai

Published 21 Jun, 2012 10:48am

Energy

Oil falls to 18-month low on global growth worries

LONDON: Brent crude oil hit an 18-month low of $91 per barrel on Thursday as the outlook for economic growth darkened, p

Published 21 Jun, 2012 09:22am

Energy

Brent oil slips, Europe worries weigh

LONDON: Brent crude oil fell on Wednesday, pinned near 17-month lows, hit by worries over Spain's high borrowing costs a

Published 20 Jun, 2012 11:10am

Energy

Brent oil slips, Europe worries weigh

LONDON: Brent crude oil fell on Wednesday, pinned near 17-month lows, hit by worries over Spain's high borrowing costs a

Published 20 Jun, 2012 09:59am

Energy

UK prompt gas prices rise on drop in Norway flows

LONDON: British prompt gas prices rose slightly on Wednesday morning as a drop in Norwegian supplies left the system und

Published 20 Jun, 2012 09:24am

Energy

Oil prices fall on Spain debt concerns

LONDON: World oil prices dropped on Tuesday, with Brent crude briefly hitting a 17-month low point on Spanish debt conce

Published 19 Jun, 2012 12:02pm

Energy

Brent off 17 month low, euro concerns linger

LONDON: Brent crude fell to a near 17 month low below $95 a barrel on Tuesday, hit by the latest twist in the euro zone

Published 19 Jun, 2012 10:31am

Energy

UK winter gas hits 14-month low as oil slumps

LONDON: British gas for delivery this winter hit a 14-month low on Tuesday as euro zone debt fears dragged crude oil pri

Published 19 Jun, 2012 10:00am

Energy

Oil prices slide after Greek election result

LONDON: Oil prices slid on Monday as an initial rally following Greece's election result evaporated with traders' attent

Published 18 Jun, 2012 03:03pm

Energy

UK prompt gas rises on Norway import dip

LONDON: British prompt gas prices rose on Monday following a drop in imports from Norway, but demand remained well below

Published 18 Jun, 2012 10:06am

Energy

Russia Baltic Urals exports seen up in early July

MOSCOW: Russia is expected to increase Urals crude exports from its Baltic ports in the first four days of July, traders

Published 16 Jun, 2012 10:16am

Energy

CNPC interested in Norway's oil sector

OSLO: Top Chinese oil and gas producer China National Petroleum Corp is interested in investing in Norway's oil sector,

Published 15 Jun, 2012 01:15pm

Energy

Rosneft plans tight oil push in Siberia

MOSCOW: Russian state oil company Rosneft said it had potential to produce 300,000 barrels of oil per day from its tight

Published 15 Jun, 2012 12:37pm

Energy

Oil dips ahead of OPEC meeting, Greek polls

LONDON: Oil prices slipped under $97 on Thursday with investors and traders reluctant to add to positions ahead of a mee

Published 14 Jun, 2012 01:13pm

Energy

Shell puts in more time on Cove Energy offer

LONDON: Royal Dutch Shell has given itself more time to decide the next move in its battle to buy Cove Energy, extending

Published 14 Jun, 2012 12:57pm

Energy

OPEC readies no change on oil limits

VIENNA: OPEC prepared to keep oil output limits on hold on Thursday, leaving swing producer Saudi Arabia to unilaterally

Published 14 Jun, 2012 12:03pm

Energy

OPEC ministers see likely status quo on oil output

VIENNA: OPEC ministers said they would probably reach an agreement to keep their countries' oil output at current levels

Published 14 Jun, 2012 08:58am

Energy

Shell extends Cove offer deadline

LONDON: Oil major Royal Dutch Shell extended the deadline on Thursday for shareholder acceptances for its $1.8 billion o

Published 14 Jun, 2012 06:35am

Energy

Oil above $97 ahead of OPEC meet, Greek polls

LONDON: Brent crude oil gained on Wednesday, with investors awaiting the outcome of the meeting this week of the produce

Published 13 Jun, 2012 11:34am

Energy

Oil steady above $97 ahead of OPEC meet, Greek polls

LONDON: Brent crude oil held firm on Wednesday, with investors awaiting the outcome of the meeting this week of the prod

Published 13 Jun, 2012 10:04am

Energy

German utilities want 15bn euros for nuclear exit: report

FRANKFURT: German power suppliers are suing the government for 15 billion euros ($19 billion) in damages over the decisi

Published 13 Jun, 2012 09:26am

Energy

OECD chief economist urges no panic over Italy

MILAN: Panic over Italy following Spain's bailout is unjustified because Rome's fundamentals have not changed, the chief

Published 13 Jun, 2012 07:52am

Energy

OPEC basket price fell to $94.99 on Tuesday

LONDON: OPEC's reference crude oil basket price fell to $94.99 a barrel on Tuesday from $97.34 the previous day, OPEC sa

Published 13 Jun, 2012 07:49am

Energy

Oil price hits eight-month low as eurozone optimism fades

LONDON: Oil prices diverged on Tuesday after New York crude struck an eight-month low with euphoria fading over a bailou

Published 12 Jun, 2012 07:18pm

Energy

OPEC should leave output ceiling unchanged

VIENNA: OPEC should leave its 30 million barrels per day output ceiling unchanged when it meets on Thursday, Angolan Oil

Published 12 Jun, 2012 06:34pm

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

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

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

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

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

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

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

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

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

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

Energy

Oil around $120 as IEA sees fundamentals easing

LONDON: Brent crude oil steadied around $120 per barrel on Thursday, supported by a weaker dollar and hopes of faster ec

Published 12 Apr, 2012 10:24am

Energy

Oil near $120, edges up from two-month low

LONDON: Oil edged higher to around $120 a barrel on Wednesday, after falling to its lowest level in almost two months, s

Published 11 Apr, 2012 12:46pm

Energy

Brent slips below $122 on soft China import data

LONDON; Oil slipped below $122 on Tuesday as soft Chinese import data raised concerns about oil demand growth in the wor

Published 10 Apr, 2012 02:26pm

Energy

Oil falls on Iran talks, US jobs data

LONDON: Oil prices fell more than $1 on Monday after Iran agreed to resume talks over its nuclear programme, easing fear

Published 09 Apr, 2012 11:31am

Energy

Gazprom Neft says may buy into Hellenic Petroleum

MOSCOW: Russia's fifth-largest crude producer, Gazprom Neft, is considering buying a stake in Greek oil refiner Hellenic

Published 06 Apr, 2012 12:10pm

Energy

North Sea Ekofisk oil loadings to fall in May

LONDON: The North Sea Ekofisk oil stream will load about 237,000 barrels per day (bpd) in May, a trade source said on Th

Published 05 Apr, 2012 03:27pm

Energy

Brent dips as healthy jobs reading damps QE3 hopes

LONDON: Brent crude prices turned negative on Thursday, extending losses for a third day as a healthy reading of US jobs

Published 05 Apr, 2012 02:57pm

Energy

Oil slips towards $124 on Fed comments, Saudi supply

LONDON: Oil prices dipped towards $124 a barrel on Wednesday on worries demand for crude could be curtailed after the US

Published 04 Apr, 2012 09:58am

Energy

Total paying $1mn a day to fix leaking North Sea rig

PARIS: French energy giant Total said Monday that it was spending $1 million (750,000 euros) per day on repairs to aNort

Published 02 Apr, 2012 03:05pm

Energy

Brent oil net long positions at fresh highs-ICE

LONDON: Speculators lifted their net long positions in Brent crude and in gasoil futures and options to reach fresh high

Published 02 Apr, 2012 01:44pm

Energy

Estonia oil loadings down 24.7pc yr/yr in March

TALLINN: Estonia's main oil loading port, Tallinn, handled 1.9 million tonnes of mostly oil products in March, down 24.7

Published 02 Apr, 2012 01:08pm

Energy

Greenpeace carry out tests near North Sea gas leak rig

ON BOARD THE KOENIGIN JULIANA: A Greenpeace ship sailed up to the exclusion zone surrounding a stricken North Sea platfo

Published 02 Apr, 2012 10:12am

Energy

Analysts doubt tapping oil reserves would have much effect

PARIS: Western countries could tap their strategic oil reserves to try to rein in rising prices, as several are consider

Published 01 Apr, 2012 08:17am

Energy

North Sea oil exploration clouded by tough access, high cost

ABERDEEN: The North Sea has some way to go before running out of oil but faced with falling output, unlocking new reserv

Published 01 Apr, 2012 08:15am

Energy

Oil firmer on weak dollar, supply worries

LONDON: Oil rose above $123 a barrel on Friday after three losing sessions with support from a weaker dollar and expecta

Published 30 Mar, 2012 11:40am

Energy

Saudi Arabia says will act to push down oil prices

PARIS: Saudi Arabia will act to bring down oil prices, Saudi oil minister Ali Naimi said on Thursday as France signalled

Published 29 Mar, 2012 12:41pm

Energy

UK gas prices rally on North Sea leak

LONDON: UK gas prices rallied on Wednesday as the major gas leak in the North Sea caused a reduction in supplies to Brit

Published 28 Mar, 2012 09:45am

Energy

Flare alight at North Sea platform hit by gas leak

LONDON: A flare was still burning on Wednesday at a North Sea platform that was evacuated following a substantial gas le

Published 28 Mar, 2012 09:32am

Energy

Oil steady, focus on euro zone worries

LONDON: Oil prices were steady at around $125 per barrel on Monday, pausing after a rally of around 1.5 percent the prev

Published 26 Mar, 2012 11:59am

Energy

Shell scrambles to pay huge bill forIranoil

LONDON: Royal Dutch Shell is struggling to pay off $1 billion that it owesIranfor crude oil because European Union andUS

Published 25 Mar, 2012 10:51am

Energy

Praet sees no inflation problem

BERLIN: Higher oil and energy prices are pushing inflation higher for now, but there is no general problem with price pr

Published 25 Mar, 2012 10:51am

Energy

Oil spikes onIranfears; other markets hit by China data

LONDON: Oil prices jumped late Friday onIransupply tensions, but most commodities fell this week as worse-than-expected

Published 23 Mar, 2012 06:58pm

Energy

BP gets OK to drill deepwater well off Shetland

LONDON: BP has got a green light to drill a deepwater well off the Shetland Island, the UK government said on Thursday,

Published 22 Mar, 2012 06:55pm

Energy

BP gets OK to drill deepwater well off Shetland

LONDON: BP has got a green light to drill a deepwater well off the Shetland Island, the UK government said on Thursday,

Published 22 Mar, 2012 06:55pm

Energy

Oil prices tumble on weak Chinese data

LONDON: World oil prices tumbled Thursday in reaction to weak Chinese economic data and after France said industrialised

Published 22 Mar, 2012 06:42pm

Energy

Oil falls, Saudi assurances offset US inventory drop

LONDON: Brent crude oil fell below $124 on Wednesday as Saudi efforts to lower prices by promising to ramp up supply off

Published 21 Mar, 2012 02:12pm

Energy

Oil prices drop on Saudi assurances

LONDON: Oil prices slid on Tuesday after Saudi Arabia, the world's biggest crude exporter, repeated its pledge to make u

Published 20 Mar, 2012 06:35pm

Energy

Iran worries keep oil around $125

LONDON: Brent crude oil held around $125 on Monday as tension over Iran's nuclear programme supported prices, offsetting

Published 19 Mar, 2012 01:23pm

Energy

Brent crude edges back to near $123

LONDON: Brent crude rebounded on Friday, trading near $123 a barrel as traders refocused on restricted Iranian exports a

Published 16 Mar, 2012 12:51pm

Energy

Italy EGP ups LatAm capacity with new Guatemala plant

MILAN: Enel Green Power has started up a new, 85 megawatt capacity hydroelectric plant in Guatemala, raising its total i

Published 15 Mar, 2012 03:20pm

Energy

Brent oil dips on supply build outlook

LONDON: Brent crude oil dipped slightly on Wednesday as expectations for a build in US crude inventories and a stronger

Published 14 Mar, 2012 10:25am

Energy

Oil prices stage light rebound before Fed rate call

LONDON: World oil prices rose on Tuesday, supported by upbeat global economic data and simmering Iran tensions, while tr

Published 13 Mar, 2012 05:36pm

Energy

Saudi to keep April oil supply unchanged to Europe

LONDON: Saudi Arabia, the world's top crude exporter, will supply crude oil at full contracted volumes to one European

Published 12 Mar, 2012 12:14pm

Energy

Oil slips towards $125 as Mideast worries ease

LONDON: Oil prices fell on Monday, snapping four days of gains as worries over supplies from the Middle East eased and i

Published 12 Mar, 2012 10:03am

Energy

Brent dips ahead of US jobs data

LONDON: Brent crude dipped slightly on Friday, holding around $125, having risen a more than $3 over the past two sessio

Published 09 Mar, 2012 12:25pm

Energy

Statoil eyes UK exploration push

OSLO: Norway's Statoil, fresh from exploration success in its home country, is looking for opportunities in Britain's No

Published 09 Mar, 2012 11:46am

Energy

Turkey's Tupras 2011 net profit jumps 68pc, near forecast

ISTANBUL: Turkish refiner Tupras said on Thursday its net profit surged 68 percent to 1.24 billion lira ($696 million) l

Published 08 Mar, 2012 11:50am

Energy

Essar and Cairn Energy facing FTSE 100 demotion

LONDON: Essar Energy and Cairn Energy are expected to be demoted from the FTSE 100 on Wednesday, modestly diluting the c

Published 07 Mar, 2012 01:52pm

Energy

Oil rebounds on China demand outlook

LONDON : Brent crude gained on Wednesday after China said it would boost energy imports this year, though it held well

Published 07 Mar, 2012 10:21am

Energy

Britain could join Nord Stream pipeline: Gazprom

MOSCOW: Gazprom said on Tuesday that it was in preliminary discussions to link Britain with the Nord Stream gas pipeline

Published 06 Mar, 2012 06:20pm

Energy

Italy's EGP plans to exit Bulgaria market

MILAN: Italy's biggest renewable energy group Enel Green Power plans to exit Bulgaria's market and also sell some non co

Published 06 Mar, 2012 05:54pm

Energy

Petrofac confident on new orders in 2012

LONDON: British oil services firm Petrofac said it was confident it would win new contracts this year, a must to put it

Published 05 Mar, 2012 12:01pm

Energy

Oil slips to $123 after China cuts growth target

LONDON: Oil slipped to around $123 per barrel on Monday as worries over a supply crunch eased after China lowered its ec

Published 05 Mar, 2012 11:25am

Energy

US crude oil falls after China growth target cut

LONDON: US light crude oil futures fell more than $1 per barrel on Monday on demand worries after China said its economi

Published 05 Mar, 2012 10:42am

Energy

Crude oil falls below $125, Saudi supply fears ease

LONDON: Crude oil futures slipped below $125 a barrel on Friday, after surging 5 percent to an 11-month high a day earli

Published 02 Mar, 2012 12:32pm

Energy

Oil above $123 on economy hopes, Iran concern

LONDON: Oil rose above $123 a barrel on Thursday as upbeat economic data from China and the United States bolstered the

Published 01 Mar, 2012 04:56pm

Energy

Brent gains on ECB loan hopes, Iran fears

LONDON: Brent crude oil gained more than $1 per barrel on Wednesday, snapping two days of sharp falls, on expectations t

Published 29 Feb, 2012 12:19pm

Energy

Oil prices undermine shares

LONDON: Oil prices traded just below 10-month highs on Monday, keeping shares under pressure on fears over the impact of

Published 27 Feb, 2012 10:24am

Energy

Brent up $1 to 9-month highs on Iran tension, dollar

LONDON: Brent crude futures rose by $1 to $123.90 a barrel on Thursday, lifted by escalating tensions between Iran and t

Published 23 Feb, 2012 10:05am

Energy

Oil prices hit nine-month peaks after Iran halts exports

LONDON: Oil prices hit nine-month highs on Monday after Iran halted sales to France and Britain, and as China eased cred

Published 20 Feb, 2012 10:24pm

Energy

Brent reverses gains; Greece weighs

LONDON: Brent crude reversed earlier gains and drifted below $119 on Thursday after hitting multiple-month highs in the

Published 16 Feb, 2012 10:00am

Energy

Oil eases on Europe demand fears, US data

LONDON: Brent crude oil fell slightly on Tuesday, weighed by disappointing US retail sales data and euro zone debt worri

Published 14 Feb, 2012 06:06pm

Energy

Oil firm on Greek bailout deal, Iran eyed

LONDON: Oil futures gained on Thursday after a government source said Greek political leaders had clinched a deal on aus

Published 09 Feb, 2012 04:40pm

Energy

Brent firmer on Middle East trouble, ECB eyed

LONDON: Brent crude held near six-month highs above $117 on Thursday amid worries of further supply disruptions due to t

Published 09 Feb, 2012 11:47am

Energy

Oil prices steady after US inventory data

LONDON: Crude prices steadied on Wednesday after the United States said that its energy stockpiles rose last wee

Published 08 Feb, 2012 06:00pm

Energy

Oil prices rise further

LONDON: Crude oil prices extended gains on Wednesday as traders reacted to a forecast that global demand is set to grow

Published 08 Feb, 2012 12:48pm

Energy

Brent gains on China data, Iran tension

LONDON: Firm Chinese economic data and brewing tension between Iran and the West pushed Brent crude higher on Wednesday.

Published 01 Feb, 2012 09:58am

Energy

Oil above $112 on supply concerns, Greek hopes

LONDON: Oil prices rose more than $1 per barrel on Tuesday on supply worries and on hopes jumping as much as $3.15 to a

Published 31 Jan, 2012 01:31pm

Energy

Brent crude up $1 on Greek debt deal hopes

LONDON: North Sea Brent crude oil rose $1 a barrel on Tuesday, supported by hopes that Greece could agree a deal with cr

Published 31 Jan, 2012 10:09am

Energy

Oil dips below $111, EU and Iran eyed

LONDON: Oil prices retreated on Monday, dipping below $111 a barrel after an expected Iranian vote to suspend crude expo

Published 30 Jan, 2012 12:55pm

Energy

Petrobras CEO oil at $105-125 in 2012

DAVOS: Demand from emerging markets and financial flows will keep crude prices high and volatile at around $105-125 per

Published 28 Jan, 2012 09:58am

Energy

Investment group eyes Petroplus French refinery

GENEVA: Gary Klesch, head of the Klesch investment group, said Friday he was interested in buying the embattled oil refi

Published 27 Jan, 2012 06:34pm

Energy

Brent buoyed by Iran threat, economy hope

LONDON: Brent crude rose above $111 on Friday as comments from Iran that it might stop exports to the European Union int

Published 27 Jan, 2012 11:16am

Energy

Brent rises above $110 as Fed vows low interest rates

LONDON: Brent crude rose above $110 on Thursday, extending gains on the back of a weaker dollar after the US Federal Res

Published 26 Jan, 2012 11:40am

Energy

Brent slips to $110 as euro zone worries weigh

LONDON: Brent crude oil slipped to $110 on Tuesday as investors looked away from tension between Iran and the West and s

Published 24 Jan, 2012 11:56am

Energy

Oil prices rise as EU agrees to Iran embargo

LONDON: Oil prices rose on Monday after the European Union agreed to slap an embargo against Iran's crude exports, in a

Published 23 Jan, 2012 09:41am

Energy

Total to keep Lindsey refinery in UK

PARIS: French oil major Total will keep its only U.K. refinery in Lindsey after failing to find a buyer for the plant, d

Published 23 Jan, 2012 08:54am

Energy

Russian oil output seen rising 1pc in 2012

MOSCOW: Russian Energy Ministry expects crude oil production to edge up by 1 percent this year to a new record as a de

Published 21 Jan, 2012 04:42pm

Energy

British summer gas price hits 13-month low

LONDON: British summer gas prices hit a 13-month low on Monday, defying sub-zero temperatures and above-average demand a

Published 16 Jan, 2012 06:52pm

Energy

Oil retreats as risk aversion returns

LONDON: Oil fell on Wednesday as worries about Europe's debt problems reasserted themselves, reversing earlier gains pro

Published 11 Jan, 2012 03:23pm

Energy

Brent above $113 on Iran supply threat

LONDON: Brent crude prices firmed on Monday, trading above $113 a barrel, lifted by Iran's threat to shut a key oil-ship

Published 09 Jan, 2012 10:09am

Energy

Petroplus in rescue talks with unnamed oil group

PARIS: Swiss oil refiner Petroplus is talking to an unnamed oil company to secure the new credit lines and crude oil sup

Published 05 Jan, 2012 02:35pm

Energy

Russia 2011 oil output at new post-Soviet record high

MOSCOW: Oil output in Russia, the world's top crude producer, reached a new post-Soviet high of 10.27 million barrels pe

Published 02 Jan, 2012 07:57am

Energy

Petroplus, banks in talks to continue operations

ZURICH : European oil refiner Petroplus said it had open and constructive discussions with its lenders and that talks wo

Published 30 Dec, 2011 04:24pm

Energy

CO2 price outlook for 2012

LONDON: European emissions prices are expected to remain low next year as fresh supply of permits will outweigh an uptic

Published 30 Dec, 2011 03:33pm

Energy

Europe power, gas prices end 2011

LONDON: European power, gas and coal prices ended 2011 close to where they began, despite steep rises and falls during t

Published 30 Dec, 2011 03:14pm

Energy

Eni CEO sees full production in Libya by June 2012

MILAN: Italian oil and gas group Eni expects to return to full capacity in Libya by June of next year, Chief Executive P

Published 30 Dec, 2011 06:48am

Energy

Oil falls below $107

LONDON: Oil dropped below $107 a barrel on Thursday as a stronger dollar and a rise in US jobless claims countered Irani

Published 29 Dec, 2011 03:52pm

Energy

Oil above $107, US stocks and Iran in focus

LONDON: Oil held above $107 a barrel on Thursday as investors looked ahead to a US supply report expected to show a drop

Published 29 Dec, 2011 10:04am

Energy

Brent snaps 6-day rally; Iran support fades

LONDON: Brent crude slipped on Wednesday as some investors took advantage of a six-day rally to lock in profits and the

Published 28 Dec, 2011 11:07am

Energy

Russia, Ukraine to avert New Year gas row

MOSCOW: Ukraine and Russia will renew gas talks on Jan. 15, Russia's Gazprom said on Monday, as they strive to avert a s

Published 26 Dec, 2011 05:26pm

Energy

Oil holds near $108 on US economy, supply worries

LONDON: Oil held around $108 a barrel on Friday, supported by fresh signs of a strengthening US economy and concern of p

Published 23 Dec, 2011 10:42am

Energy

Brent gains $1 on supply worry

LONDON: Brent crude oil extended gains to rise over $1 on Tuesday, on worries about supply, even as euro zone worries se

Published 20 Dec, 2011 08:56am

Energy

Oil firms supply worries

LONDON: Oil prices rose on Monday as the dollar weakened despite an initial flight-to-safety after the death of North Ko

Published 19 Dec, 2011 02:18pm

Energy

Brent futures extend gains, up $1 to $104.35/bbl

LONDON: Brent crude futures extended gains on Monday, up $1 to $104.35 a barrel as the dollar index fell, rendering doll

Published 19 Dec, 2011 10:28am

Energy

Oil recovers slightly as dollar slips

LONDON: Oil prices climbed towards $106 on Thursday, supported by a weaker dollar and renewed buying interest after the

Published 15 Dec, 2011 10:44am

Energy

Ukraine suspends on Russia gas deal in budget

KIEV: Ukraine, struggling to pay its gas bill to Russia, signalled on Tuesday that final agreement would not come before

Published 13 Dec, 2011 08:46pm

Energy

US crude oil falls $1 on euro zone gloom

LONDON: US crude oil futures fell more than $1 a barrel on Monday on deepening concern over the prospects for the euro z

Published 12 Dec, 2011 09:43am

Energy

French gas prices could rise 4.5pc

PARIS: French retail gas prices could rise 4.5 percent next year, France's Industry Minister said on Sunday, as the gove

Published 11 Dec, 2011 03:14pm

Energy

OPEC set for meeting amid Iran tensions

LONDON: OPEC meets in Vienna this week to decide on whether to change the cartel's oil production levels in the face of

Published 11 Dec, 2011 06:19am

Energy

OPEC pumping above official quotas

LONDON: OPEC, which meets Wednesday to decide on oil output levels, has had an official production target of 24.84 milli

Published 11 Dec, 2011 05:17am

Energy

Oil steady, supported by hopes for Europe deal

LONDON: Brent crude oil was steady on Wednesday, supported by optimism that European leaders will agree on bold measures

Published 07 Dec, 2011 11:11am

Energy

Russia expects flat 2012 crude oil exports

MOSCOW: Russia, the world's top crude producer, expects its oil export to remain flat in 2012, a deputy energy minister

Published 06 Dec, 2011 09:52am

Energy

North Sea gas output over safety concerns

OSLO: Production at the North Sea Heimdal gas field has been shut over safety concerns since mid-November and it is uncl

Published 05 Dec, 2011 02:23pm

Energy

Croatia's INA plans $3.6bn, four-year investment

ZAGREB : Croatian oil and gas group INA plans to invest 20 billion kuna ($3.6 billion) in the next four years to boost i

Published 02 Dec, 2011 04:08pm

Energy

Oil rises towards $110, Iran in focus

LONDON: Oil rose towards $110 a barrel on Friday as evidence of a sustained recovery in the United States and rising ten

Published 02 Dec, 2011 10:04am

Energy

Russia Nov oil output at post-Soviet record high

MOSCOW: Oil output in Russia, the world's top crude producer, stayed at a post-Soviet high of 10.34 million barrels per

Published 02 Dec, 2011 07:30am

Energy

Oil prices spike on weak dollar, Italy IMF rumours

LONDON: Oil spiked on Monday, propelled by a struggling dollar, swirling speculation over an Italy bailout, upbeat US da

Published 28 Nov, 2011 09:00pm

Energy

Brent rises above $108 on Iran supply worries

LONDON: Oil rose sharply on Monday with US crude futures climbing towards $100 per barrel as concerns of a supply disrup

Published 28 Nov, 2011 09:58am

Energy

Russian gas price jump for Ukraine if no new deal

KIEV: The price of Russian gas for Ukraine will jump to $485 per thousand cubic metres in the first quarter of 2012 from

Published 25 Nov, 2011 03:37pm

Energy

Oil prices edge higher in subdued deals amid Thanksgiving

LONDON: World oil prices drifted higher on Thursday in low trading volumes due to the Thanksgiving holiday in the United

Published 24 Nov, 2011 09:29pm

Energy

US crude futures up $1 to $97.92/bbl

LONDON: US crude oil futures extended gains on Tuesday as fresh sanctions against Iran raised the prospect of political

Published 22 Nov, 2011 08:43am

Energy

Bulgaria, Turkey to sign gas link deal

SOFIA: Bulgaria and Turkey will sign a political accord to back the construction of a pipeline aimed to link the gas sys

Published 19 Nov, 2011 04:05pm

Energy

Exxon prepares for Antwerp refinery shutdown

BRUSSELS: Exxon said on Friday it planned to go ahead with shutting down a refinery in the Belgian city of Antwerp becau

Published 18 Nov, 2011 12:35pm

Energy

Competition in German retail energy

FRANKFURT: German households have been switching electricity and gas suppliers under a European Union rule, introduced f

Published 17 Nov, 2011 03:07pm

Energy

Oil market brings quiet Brent expiry

LONDON: ICE Brent headed for one of the quietest expiries of its front contract in months on Tuesday, reflecting a bette

Published 15 Nov, 2011 03:56pm

Energy

Brent tops $113 despite euro zone crisis

LONDON: Brent oil prices climbed above $113 a barrel on Thursday, after sharp falls a day earlier, as rallying equities

Published 10 Nov, 2011 02:59pm

Energy

Brent rises towards $113 despite euro zone woes

1 LONDON : Brent oil prices climbed towards $113 a barrel on Thursday, after sharp falls a day earlier, as a weak dollar

Published 10 Nov, 2011 11:57am

Energy

OPEC holds demand view, signals steady supply

LONDON: OPEC expects world oil supplies to remain ample during the northern hemisphere winter and keep a lid on oil pric

Published 09 Nov, 2011 01:37pm

Energy

Brent down, Europe debt offsets China data boost

LONDON : Brent crude fell on Wednesday, pressured by European debt concerns which outweighed a boost from cooling Chines

Published 09 Nov, 2011 11:01am

Energy

Brent crude slips below $112 on euro zone crisis

LONDON : Brent crude oil slipped below $112 per barrel on Monday as worries over political instability in Italy , the e

Published 07 Nov, 2011 10:49am

Energy

Oil slips on eurozone woes, inventory build

LONDON : Oil prices slipped on Thursday to around $109 a barrel as uncertainty over the Greek bail out weighed on sentim

Published 03 Nov, 2011 11:58am

Energy

Swiss Transocean posts $71mn loss in 3rd quarter

GENEVA: Swiss offshore drilling group Transocean on Wednesday posted a 71 million dollar (52 million euro) loss in the t

Published 02 Nov, 2011 09:57pm

Energy

Brent bounces on Fed hopes, gains fragile

LONDON : Brent crude bounced on Wednesday after three days of losses, supported by hopes that the Federal Reserve may hi

Published 02 Nov, 2011 12:32pm

Energy

Oil prices tumble on euro zone debt crisis

LONDON : Oil prices fell more than $3 per barrel on Tuesday after a decision by Greece to call a referendum over its d

Published 01 Nov, 2011 05:06pm

Energy

Oil prices fall $2 as euro crisis fears deepen

LONDON : Oil prices fell more than $2 per barrel on Tuesday as worries over the euro zone debt crisis and the collapse o

Published 01 Nov, 2011 11:43am

Energy

Oil prices slide further on strong dollar, stocks sell-off

LONDON: World oil prices retreated further on Monday, in line with the strong dollar and sliding stock markets, as inves

Published 31 Oct, 2011 05:57pm

Energy

Gasoline, fuel oil exports down: Russia

MOSCOW: Russia's exports of gasoline and fuel oil fell in September month on month on lower refinery runs at domestic oi

Published 31 Oct, 2011 02:56pm

Energy

Oil prices drop on stronger dollar, weaker demand

PERTH : Oil prices fell on Monday, weighed down by a stronger dollar and weaker demand, with investors eyeing a Group of

Published 31 Oct, 2011 11:45am

Energy

Brent inches down; eyes stockpiles, EU meeting

LONDON : Brent crude futures edged lower on Wednesday, paring back earlier gains, amid worries that Europe may fail to

Published 26 Oct, 2011 11:22am

Energy

Brent steady, US crude scales to 3-month high

LONDON: Brent was steady above $111 on Tuesday as concerns over Europe's economic health kept prices in check, while US

Published 25 Oct, 2011 01:31pm

Energy

Brent, US oil up on China data, EU optimism

LONDON : Brent crude oil rose above $110 a barrel on Monday after stronger Chinese manufacturing data suggested the worl

Published 24 Oct, 2011 02:58pm

Energy

Brent, US oil up on China data, EU optimism

LONDON : Brent crude oil rose above $110 a barrel on Monday after stronger Chinese manufacturing data suggested the worl

Published 24 Oct, 2011 10:51am

Energy

Brent crude oil steady above $109 before EU summits

LONDON: Brent crude held above $109 per barrel on Friday as financial markets awaited two key summits of European leader

Published 21 Oct, 2011 09:49am

Energy

OPEC basket price fell to $107.19 on Thursday

LONDON: OPEC's reference crude oil basket price fell to $107.19 a barrel on Thursday from $108.65 the previous day, OPEC

Published 21 Oct, 2011 08:14am

Energy

Eni plans to build LNG plant in Mozambique

MILAN : Italian oil and gas group Eni plans to build a liquefied natural gas (LNG) terminal in Mozambique as part of i

Published 20 Oct, 2011 04:40pm

Energy

Oil steady at $108 ahead of EU summit

LONDON : Oil prices held steady at around $108 on Thursday supported by tight supply although Europe 's failure to agre

Published 20 Oct, 2011 12:24pm

Energy

Brent falls as China GDP, euro zone weigh

LONDON: Brent crude futures fell below $110 a barrel on Tuesday, paring earlier gains, after weaker Chinese third-quarte

Published 18 Oct, 2011 11:21am

Energy

BP recovers $4.0bn in Gulf oil spill costs from Anadarko

LONDON: British energy giant BP said Monday it had recovered $4.0 billion in costs linked to last year's devastating Gul

Published 17 Oct, 2011 11:22am

Energy

Crude oil prices stable after brief rally

LONDON: World oil prices steadied on Monday after a brief rally, as traders took their cue from the eurozone debt drama,

Published 17 Oct, 2011 11:00am

Energy

Oil prices soar on hopes of resolution to eurozone crisis

LONDON: World oil prices surged this week, in line with a host of other commodities, as sentiment was boosted by hopes o

Published 14 Oct, 2011 06:16pm

Energy

Brent crude futures rise by $1 to $112.11/bbl

LONDON: Brent crude oil futures rose by $1 to $112.11 a barrel on Friday on bets that China may loosen credit as inflati

Published 14 Oct, 2011 08:21am

Energy

Oil falls on signs of China slowdown

LONDON: Oil slipped on Thursday, with Brent snapping a six-day rally, after trade data from China pointed to slower dema

Published 13 Oct, 2011 10:59am

Energy

BP, majors win approval for £4.5bn oil field investment

LONDON: British oil giant BP and its partners have won government approval for a major £4.5-billion oil field investment

Published 13 Oct, 2011 10:38am

Energy

IEA cuts oil demand, growth estimates

PARIS: The International Energy Agency said Wednesday it was cutting its oil demand estimates again as the global econom

Published 12 Oct, 2011 12:37pm

Energy

Brent above $111, on weak supply, dollar fall

LONDON : Brent crude pushed beyond $111 on Wednesday, helped by tight supply and a weak dollar, shrugging off demand for

Published 12 Oct, 2011 11:49am

Energy

Norway sees unchanged oil/gas output for 10 years

STAVANGER: Norwegian oil and gas production will probably remain unchanged over the coming decade, the head of the count

Published 12 Oct, 2011 08:03am

Energy

Libya's Agoco offers crude oil tender

LONDON : Libya 's Agoco has offered around 1 million barrels of crude oil for prompt loading via a tender, trade source

Published 10 Oct, 2011 04:39pm

Energy

Euro Coal Prices inch-up

LONDON : Prompt physical coal prices inched up by around by around 25-50 US cents a tonne on Monday, taking their lead

Published 10 Oct, 2011 04:02pm

Energy

Brent firms on euro debt steps, US data

LONDON : Brent crude futures gained ground on Monday, after France and Germany said they would come up with a plan t

Published 10 Oct, 2011 11:34am

Energy

Brent crude futures firm, up $1 to $106.88 a barrel

LONDON: Brent crude futures rose $1 to $106.88 a barrel as sentiment improved as investors awaited details of a more dec

Published 10 Oct, 2011 10:27am

Energy

French refinery to restart on Monday

PARIS : LyondellBasell's 105,000 barrels per day Berre refinery will be restarted on Monday after a 10-day strike as wor

Published 08 Oct, 2011 04:31pm

Energy

Poland grants 0.5 bcm gas import

WARSAW : Poland 's gas pipeline operator granted 27 companies a total import capacity of 0.5 billion cubic metres of na

Published 07 Oct, 2011 04:33pm

Energy

Oil rises $1 on euro zone bank hopes, Libya

LONDON: Oil prices rose around $1 a barrel on Thursday on expectations Europe would take steps to support its banks and

Published 06 Oct, 2011 11:22am

Energy

Brent crude oil bounces back above $101

LONDON : Brent crude oil bounced back above $101 on Wednesday as investors reacted to rebounding global share prices an

Published 05 Oct, 2011 03:21pm

Energy

Brent under $101 on Greece, Goldman outlook cut

LONDON : Brent crude futures slipped below $101 on Tuesday, squeezed by growing fears a Greek debt default could spread

Published 04 Oct, 2011 11:47am

Energy

Estonia oil loadings down 13.4pc on year in Sept

TALLINN: Estonia's main oil loading port, the Port of Tallinn, shipped 1.815 million tonnes of oil products in September

Published 04 Oct, 2011 07:36am

Energy

UK oil output sees record fall in 2nd quarter

LONDON : British oil production fell 15.9 percent year-on-year in the second quarter, its biggest drop since quarterly r

Published 29 Sep, 2011 01:52pm

Energy

Brent crude rises above $105 on euro zone hopes

LONDON : Brent crude oil rose more than $1 per barrel on Thursday as the dollar eased and as hopes rose that European le

Published 29 Sep, 2011 11:37am

Energy

UK spot gas gains as Europe exports drive demand

LONDON: British prompt gas prices made gains on Thursday morning after a rapid rise in exports to Europe spurred demand

Published 29 Sep, 2011 09:52am

Energy

Brent slips as euro zone doubts resurface

LONDON : Brent crude fell below $107 per barrel on Wednesday as worries about details of a euro zone debt bailout fund p

Published 28 Sep, 2011 11:50am

Energy

Brent tops $106 on euro zone hope, dollar

LONDON : Oil rose on Tuesday, with Brent crude up by more than $2 to exceed $106 a barrel, as fresh measures discussed b

Published 27 Sep, 2011 11:27am

Energy

Speculators raise Brent, gas oil net longs

LONDON : Speculators raised their net long positions in ICE Brent crude oil and gas oil futures in the week to Sept. 20,

Published 26 Sep, 2011 01:19pm

Energy

Spain bill targets 1,400 MW wind energy/year to 2020

MADRID : The Spanish government has set an annual target for installed wind energy of 1,400 megawatts between 2013 and 2

Published 23 Sep, 2011 06:36am

Energy

UK nuclear plans under review

LONDON: British utility Scottish and Southern Energy is reviewing its involvement in the NuGen nuclear new build consort

Published 22 Sep, 2011 03:14pm

Energy

Brent hovers below $111 before Fed, economy weighs

LONDON : Brent crude oil hovered just below $111 a barrel on Wednesday, pressured by uncertainty over the outcome of the

Published 21 Sep, 2011 02:57pm

Energy

Brent creeps up ahead of Fed, economy weighs

LONDON : Brent crude futures pushed slightly higher on Wednesday but moves were muted as investors awaited a US Federal

Published 21 Sep, 2011 11:38am

Energy

Oil falls more than $1 on debt concerns, dollar

LONDON : Brent crude oil slipped below $112 a barrel on Monday as Europe stumbled over attempts to solve the euro zone

Published 19 Sep, 2011 11:32am

Energy

Poland may start shale gas production in 2014

WARSAW : Poland may begin commercial shale gas production as soon as 2014, helping to reduce its energy reliance on R

Published 18 Sep, 2011 02:14pm

Energy

Cyprus oil drilling plans are ‘provocation’

ANKARA : Turkey said on Saturday plans by Cyprus to begin gas exploration in the Mediterranean amounted to "provoc

Published 17 Sep, 2011 04:51pm

Energy

ICE Brent crude futures rise $1 to $113.30 a bbl

LONDON : ICE Brent crude futures rose $1 to $113.30 a barrel on Friday after central banks launched coordinated action t

Published 16 Sep, 2011 07:48am

Energy

Oil up near $113, market awaits US data

LONDON : Oil traded up near $113 on Thursday buoyed by European equities, but the upside was capped as the market awaite

Published 15 Sep, 2011 11:18am

Energy

Oil slips on gloomy economy, stronger supply

LONDON : Brent crude fell slightly on Wednesday pressured by a gloomy demand outlook and expectations of increased suppl

Published 14 Sep, 2011 11:23am

Energy

IEA cuts oil demand growth forecasts for 2011, 2012

LONDON : World oil consumption will increase more slowly than expected this year and next as the pace of global economic

Published 13 Sep, 2011 11:22am

Energy

OPEC cuts oil demand forecast

LONDON : OPEC cut its forecast for global oil demand growth next year because of a worsening economic outlook and said a

Published 12 Sep, 2011 02:32pm

Energy

Oil drops more than $2 on debt, growth worries

LONDON : Oil fell by more than $2 on Monday on concerns over Europe 's deepening debt crisis and slowing global growth.

Published 12 Sep, 2011 11:45am

Energy

Poland plans new taxes on shale gas production

KRYNICA: Poland plans special regulations for shale gas production including fees or even mandatory participation of t

Published 08 Sep, 2011 03:56pm

Energy

Brent eases as awaits economic news, oil data

LONDON : Brent oil eased on Thursday, falling from its highest in a month, ahead of news from the heads of the European

Published 08 Sep, 2011 11:39am

Energy

Brent crude rises over $111 on stimulus hopes

LONDON : Brent crude oil rose above $111 per barrel on Tuesday as expectations of a US economic stimulus outweighed fe

Published 06 Sep, 2011 12:29pm

Energy

Norway resumes gas exports to Germany, cutting to UK

LONDON: The Norway-Germany Europipe 1 gas pipeline resumed flowing gas on Tuesday following a planned 12-day outage, div

Published 06 Sep, 2011 07:49am

Energy

Oil slumps over $2 as Europe jitters sink stocks

NEW YORK/LONDON: Oil fell more than 2 percent for a third successive day of losses on Monday, tumbling in tandem with ot

Published 05 Sep, 2011 08:57pm

Energy

Transatlantic tanker rates at near 10-month low

LONDON : Refined petroleum tanker rates on top export routes were broadly steady on Monday in light activity although a

Published 05 Sep, 2011 05:16pm

Energy

UK gas falls as Theddlethorpe supply returns

LONDON : British prompt gas prices fell on Monday morning as supply from the Theddlethorpe terminal resumed over the wee

Published 05 Sep, 2011 04:21pm

Energy

Brent dips under $111 on US recession fears

LONDON : Brent crude oil fell below $111 a barrel on Monday, as fears of another US recession slowing fuel demand oversh

Published 05 Sep, 2011 12:24pm

Energy

Russia 2011 oil production seen above 500mn tonnes

MOSCOW : Russia will produce more than 500 million tonnes of oil in 2011, while also steering its coal industry toward

Published 03 Sep, 2011 03:12pm

Energy

Ukraine to seek better gas deal without Gazprom merger

DUSHANBE : Ukraine will appeal to the International Court if Russia does not offer a better deal on natural gas de

Published 03 Sep, 2011 02:35pm

Energy

Oil slips from 4-week high ahead of US oil data

LONDON: Oil dipped below $113 on Wednesday ahead of official US weekly oil data, which is expected to show an increase i

Published 31 Aug, 2011 11:53am

Energy

Russia's Rosneft, ExxonMobil clinch Arctic deal

MOSCOW : Russia 's state oil champion Rosneft on Tuesday clinched a milestone Arctic exploration agreement with the US

Published 30 Aug, 2011 06:31pm

Energy

Oil off 3-week high as dollar rises

LONDON : Brent crude hovered near three week highs on Tuesday, buoyed alongside stocks by a landmark bank merger deal in

Published 30 Aug, 2011 01:26pm

Energy

Brent above $111 as Irene weakens, dollar slides

LONDON : Brent crude steadied around $111 on Monday as the dollar weakened and after a hurricane swept up the US east

Published 29 Aug, 2011 10:04am

Energy

OPEC basket price edged lower to $107.52 on Friday

LONDON : OPEC's reference crude oil basket price edged lower to $107.52 barrel on Friday from $107.61 in the previous se

Published 29 Aug, 2011 08:10am

Energy

E.ON's Brokdorf reactor to restart

FRANKFURT : E.ON has received permission to restart its north Germany reactor Brokdorf later on Thursday at half load,

Published 25 Aug, 2011 03:43pm

Energy

Oil product demand falls 6pc: Italy

MILAN : Consumption of refined oil products in Italy fell 6 percent in July to 6.39 million tonnes, driven lower by a

Published 25 Aug, 2011 03:25pm

Energy

OPEC basket price rose to $106.53

LONDON : OPEC's reference crude oil basket price rose to $106.53 barrel on Wednesday from $105.91 in the previous sessio

Published 25 Aug, 2011 08:42am

Energy

Oil gains on Libya fighting, manufacturing data

LONDON : Brent crude held steady on Tuesday, supported by better than expected manufacturing data in Germany and Chin

Published 23 Aug, 2011 12:03pm

Energy

Cairn says focused on closing India deal

LONDON : British oil firm Cairn Energy said it was focussing on concluding a long running deal to sell a stake in its In

Published 23 Aug, 2011 08:07am

Energy

UK gas prompt surges on tight LNG

LONDON : British prompt gas prices surged on Monday as supplies from liquefied natural gas (LNG) terminals and Norw

Published 22 Aug, 2011 03:22pm

Energy

Speculators cut gasoil, raise Brent net longs: ICE

LONDON : Speculators cut their net long positions in gasoil but raised slightly their long exposure to Brent crude i

Published 22 Aug, 2011 01:52pm

Energy

Oil prices slide further

LONDON : Oil prices fell sharply for a second day running on Friday, mirroring the situation across world stock markets,

Published 19 Aug, 2011 09:10am

Energy

Gas drilling to start in October: Cyprus

NICOSIA : A US firm will start exploratory drilling for natural gas off Cyprus in October, officials said on Thursda

Published 18 Aug, 2011 03:57pm

Energy

Brent oil rises to $110, US gasoline supports

LONDON : Brent crude rose on Wednesday to $110 a barrel after an industry report showed a larger-than-expected decline i

Published 17 Aug, 2011 01:58pm

Energy

Distillates Gasoil firms tight in Europe market

LONDON : Gasoil barge prices in northwest Europe firmed on Tuesday, trading at parity to the September futures rather

Published 16 Aug, 2011 05:10pm

Energy

Brent slips on weak global data, firm dollar

LONDON : Brent crude futures pared earlier losses but remained in negative territory on Tuesday as worries about global

Published 16 Aug, 2011 02:49pm

Energy

Europe Distillates-Premiums fall in thin trade, slack demand

LONDON : Backwardation at the front of the curve persisted in diesel and gasoil markets, deterring traders and end-users

Published 15 Aug, 2011 04:51pm

Energy

BP's diesel pipeline damage

MOSCOW : A diesel pipeline with an annual capacity of 2 million tonnes per year linked to Russian oil firm TNK-BP's Rya

Published 15 Aug, 2011 01:36pm

Energy

Brent hides weakening oil market: Kemp

LONDON : Residual strength in nearby Brent futures reflects lack of liquidity in the benchmark grades rather than the gl

Published 15 Aug, 2011 12:34pm

Energy

Brent edges up above $108 as risk aversion eases

LONDON : Oil rose on Monday after data from the United States and Japan helped ease worries over a looming recession

Published 15 Aug, 2011 11:18am

Energy

Shell battling North Sea oil pipeline leak

LONDON : Shell was battling an oil leak in a North Sea pipeline off the British coast Saturday, the Anglo-Dutch oil gian

Published 13 Aug, 2011 05:00am

Energy

UK gas rises on energy rebound

LONDON : UK curve gas contracts rose in Friday afternoon trading as positive US retail sales figures further buoyed

Published 12 Aug, 2011 04:41pm

Energy

Oil slips below $108 on USD strength, demand fears

LONDON : Oil slipped below $108 a barrel on Friday, reversing direction after two straight days of gains, as the dollar

Published 12 Aug, 2011 09:03am

Energy

No apprehension in OPEC to falling price

LONDON : OPEC source of more than a third of the world's oil, is unlikely to become concerned about a slide in oil price

Published 11 Aug, 2011 03:52pm

Energy

Brent falls below $106, eyes French worries

LONDON : Brent crude fell below $106 a barrel on Thursday, erasing earlier dollar-fuelled gains, on investor concerns th

Published 11 Aug, 2011 11:46am

Energy

Brent over $105 on Fed vow over interest rates

LONDON : Brent crude rose $3 on Wednesday after the US Federal Reserve's promise to extend near-zero interest rates for

Published 10 Aug, 2011 10:38am

Energy

Oil price plunge signals high uncertainty over economy: IEA

PARIS: Oil is riding a "big dipper," with prices plunging again on uncertainty about debt levels in the West, signs of a

Published 10 Aug, 2011 08:49am

Energy

Slovak power output up 4.6pc

BRATISLAVA: Slovak electricity production rose 4.6 percent in the first half of 2011 to 14.8 terawatts, boosted by hi

Published 09 Aug, 2011 07:33pm

Energy

Oil prices slump on demand fears

LONDON : World oil prices hit multi-month lows on Tuesday as traders eyed the prospect of slowing energy demand in Chin

Published 09 Aug, 2011 11:41am

Energy

EDF Energy restarts UK Torness

LONDON : EDF Energy restarted its 640-megawatt (MW) Torness 1 nuclear reactor on Monday, the utility said. "We can co

Published 08 Aug, 2011 02:00pm

Energy

German local power firms seek new partners

FRANKFURT: Hundreds of local power companies in Europe's biggest power market, Germany, are likely to join forces or see

Published 08 Aug, 2011 01:26pm

Energy

Oil falls $3 as US downgrade spurs growth worries

LONDON : Oil fell as much as $3 a barrel on Monday as worries over a possible double-dip recession spread after Standard

Published 08 Aug, 2011 10:48am

Energy

Oil prices slump as US downgrade stokes demand worries

LONDON : World oil prices slumped Monday over fears of slowing energy demand in the United States after a shock cred

Published 08 Aug, 2011 10:34am

Energy

E.ON's Brokdorf nuclear plant offline

FRANKFURT : German utility group E.ON reported in a statement that its Brokdorf nuclear plant was taken off the power

Published 07 Aug, 2011 04:31pm

Energy

Addax seeking buyer for petrol, gas trading business

GENEVA : Swiss trader Addax & Oryx is looking to sell its petrol and gas trading and distribution business, Swiss newspa

Published 07 Aug, 2011 08:50am

Energy

Currency intervention pushes Brent to four-week low

LONDON : Brent oil fell to a four-week low on Thursday after Japan's intervention to stem the rise in the yen boosted th

Published 04 Aug, 2011 11:12am

Energy

Italy's Enel sees profit rise by 5.2pc in first half

MILAN: Italian energy giant Enel said Wednesday that its net profit in the first half rose by 5.2 percent from last year

Published 03 Aug, 2011 05:32pm

Energy

Oil slips on US deficit, ratings worries

LONDON : Crude oil prices fell on Wednesday after ratings agency Moody's assigned a negative outlook to the United Stat

Published 03 Aug, 2011 10:20am

Energy

Oil prices surge on US debt deal

LONDON : Crude prices rebounded with a bang Monday on relief at the announcement of an elusive debt deal for the United

Published 01 Aug, 2011 11:40am

Energy

E.ON plans to shut down 3 German units

FRANKFURT : E.ON plans to shut three of its businesses in Germany , affecting hundreds of jobs, to cut costs and cope w

Published 31 Jul, 2011 01:56pm

Energy

Oil dips as debt stalemate, stocks rise weighs

LONDON : Oil fell on Wednesday as partisan wrangling over the US debt limit unnerved investors and sent them fleeing f

Published 27 Jul, 2011 11:54am

Energy

Oil supported by weak dollar, US debt tussle

LONDON : Oil prices rose on Tuesday, bolstered by dollar weakness as a political tussle on raising the US debt ceiling

Published 26 Jul, 2011 11:30am

Energy

BP rebounds into $5.62-billion net profit in second quarter

LONDON: British energy giant BP rebounded into net profit in the second quarter of 2011, aided by high oil prices, after

Published 26 Jul, 2011 07:08am

Energy

Diesel diffs firm, naphtha boosted

LONDON : Diesel barge differential swaps were stronger on Monday compared with the same time a week ago as anxiety eased

Published 25 Jul, 2011 02:58pm

Energy

Oil below $118 as US debt talks stall

LONDON : Oil futures slipped below $118 a barrel after a breakdown of budget talks in the US Congress over the weekend h

Published 25 Jul, 2011 01:22pm

Energy

Dragon oil says H1 production up 25 pc

DUBLIN : Turkmenistan-focused oil and gas company Dragon Oil said first-half production was up 25 percent to 58,000 barr

Published 21 Jul, 2011 07:12am

Energy

Oil gains on US debt hopes, tight supply

LONDON : Oil rose a dollar on Wednesday, bolstered by hopes of a US debt deal and by tightening crude stocks in the wo

Published 20 Jul, 2011 11:50am

Energy

Oil gains on weaker dollar, oil stocks eyed

LONDON: Oil rose on Tuesday, lifted by expectations that data would show inventories in the world's top consumer fell fo

Published 19 Jul, 2011 12:31pm

Energy

Oil rises on bargain-hunting

LONDON: World oil prices climbed on Tuesday as traders snapped up cheap crude after European and US debt strains had pul

Published 19 Jul, 2011 08:51am

Energy

Oil up $1 on dollar weakness, oil stocks outlook

LONDON: Brent crude and US crude futures extended gains to rise over $1 on Tuesday, pushed higher by weakness in the dol

Published 19 Jul, 2011 07:45am

Energy

Oil prices fall on US, Europe debt fears

LONDON : Crude oil prices fell on Monday amid growing fears of a sovereign debt default on either side of the Atlantic

Published 18 Jul, 2011 03:05pm

Energy

Brent dips under $117 on US, Europe debt woes

LONDON : Brent crude dropped below $117 a barrel on Monday on growing fears of a possible sovereign debt default on eith

Published 18 Jul, 2011 09:09am

Energy

Ex-BP boss sees Russian oil deals

LONDON : Former BP Chief Executive Tony Hayward is considering a bid for major Russian oil firms Bashneft and Russnef

Published 17 Jul, 2011 12:59pm

Energy

European gas, power demand forecast ‘2011

LONDON : Mild weather and economic weakness mean European natural gas and power demand will be weaker than previously ex

Published 15 Jul, 2011 04:52pm

Energy

Germany, Italy resists second IEA oil release

PARIS : Germany and Italy are expected to oppose a second release of emergency oil reserves by the International Ene

Published 15 Jul, 2011 03:21pm

Energy

Oil prices slip amid cloudy demand picture

LONDON: World oil prices retreated on Friday amid demand uncertainty in light of a worsening eurozone debt crisis, tight

Published 15 Jul, 2011 11:26am

Energy

Oil prices slide on eurozone debt jitters

LONDON : World oil prices fell on Thursday amid worries that improving energy demand could be impacted by the escalating

Published 14 Jul, 2011 04:28pm

Energy

Russia to put 2mn T fuel in reserves

MOSCOW : Russian oil companies will put up to 2 million tonnes of oil products into reserves for future use in market in

Published 13 Jul, 2011 01:10pm

Energy

World oil demand to strain supply in 2012

LONDON : World oil demand growth will accelerate next year, adding to the pressure on available supplies, the Internatio

Published 13 Jul, 2011 11:04am

Energy

‘Ex-BP boss eyes Genel Enerji’

LONDON : Vallares, the bid vehicle of former BP boss Tony Hayward and financier Nat Rothschild, is in early stage talks

Published 10 Jul, 2011 12:14pm

Energy

Azeri Light crude exports to fall

LONDON : The Azeri-Turkish Baku-Ceyhan pipeline will cut exports of the Azeri Light crude grade in August, a trade sourc

Published 08 Jul, 2011 03:11pm

Energy

Brent crude falls $1 on profit taking ahead of payrolls

LONDON : Brent crude futures extended losses on Friday to fall over a dollar, retreating from sharp gains the previous s

Published 08 Jul, 2011 08:49am

Energy

Brent crude oil forecast

LONDON : Standard Bank on Thursday raised its forecast for North Sea Brent crude oil futures in 2012 by $5 per barrel to

Published 07 Jul, 2011 05:39pm

Energy

Eni starts oil production at Gulf of Mexico

MILAN : Italian oil and gas group Eni has started oil production from the Appaloosa field in the US Gulf of Mexico, it s

Published 06 Jul, 2011 03:55pm

Energy

UK gas down on low demand

LONDON : British power and gas prices eased slightly on Wednesday morning as the forward market encountered technical re

Published 06 Jul, 2011 02:41pm

Energy

UK ups tax support for North Sea oil firms

LONDON : Britain will boost tax support for North Sea oil companies to help firms operating in smaller, less profit

Published 05 Jul, 2011 12:54pm

Energy

Oil steadies as US holiday curtails trade

LONDON : Oil prices were steady on Monday on firmer global share prices, but trade was muted by the United States Indepe

Published 04 Jul, 2011 06:10pm

Energy

Ukraine's ViOil plans $144 mln Warsaw IPO

KIEV: Ukrainian sunflower and rapeseed oil producer ViOil plans to raise at least $144 million by selling 28 to 37 perce

Published 04 Jul, 2011 09:15am

Energy

German energy firm RWE could sell Britain's Npower

LONDON : Germany's second largest power company, RWE, may sell Npower, one of Britain's biggest electricity suppliers, i

Published 03 Jul, 2011 01:02pm

Energy

State oil companies hold keys to access for private sector

LONDON : State-owned oil companies are a rising force in the global energy sector as private rivals such as BP and Total

Published 03 Jul, 2011 06:08am

Energy

June oil output slips to 10.2mn bpd 'Russia'

MOSCOW: Russia produced 10.195 million barrels per day (bpd) of oil in June, down 0.6 percent from a post-Soviet record

Published 02 Jul, 2011 03:11pm

Energy

Medvedev orders energy czar to restore power

MOSCOW : Russian President Dmitry Medvedev told energy czar Igor Sechin on Saturday to restore power supplies to the

Published 02 Jul, 2011 01:23pm

Energy

Oil gains ground on hopes for Greece resolution

LONDON : Oil rose on Tuesday as an agreement by France to roll over holdings of mature Greek debt boosted appetite for r

Published 28 Jun, 2011 12:09pm

Energy

Oil down on eurozone, US fears

LONDON : Oil fell sharply on Monday because of continuing fears over Greece's debt crisis and concerns over the US econo

Published 20 Jun, 2011 11:07am

Energy

Oil market witnesses record price gap

LONDON: A cocktail of factors, including ample US crude stockpiles, unrest in the Middle East and North Africa and keen

Published 19 Jun, 2011 08:40am

Energy

Gas deal elusive as Hu visits Russia

MOSCOW : Chinese President Hu Jintao and President Dmitry Medvedev on Thursday talked up a deal to pump Russian gas to

Published 16 Jun, 2011 02:28pm

Energy

LUKOIL to double gasoline exports

ST PETERSBURG : Russia 's No. 2 oil company LUKOIL will soon double straight-run gasoline exports from its Vysotsk oil

Published 16 Jun, 2011 12:34pm

Energy

Oil prices rebound slightly from heavy losses

LONDON : World oil prices rebounded slightly on Thursday as traders went bargain-hunting, and after the International En

Published 16 Jun, 2011 10:21am

Energy

Oil prices drop despite fall in US stockpiles

LONDON: World oil prices slid Wednesday despite a fall in stockpiles of US crude, with analysts saying the figures did n

Published 15 Jun, 2011 08:59pm

Energy

Oil prices edge higher after Chinese data

LONDON : Oil prices rose slightly on Tuesday as the market digested news of an inflation spike in China, the world's big

Published 14 Jun, 2011 05:49am

Energy

Oil drops as Saudi Arabia offers more crude

LONDON : Crude oil prices dropped on Friday as Saudi Arabia began offering more oil to Asian refiners, easing worries

Published 10 Jun, 2011 05:15pm

Energy

Russia's Rosneft looks to future after BP

KRASNODAR : Russia's state oil giant Rosneft opened its annual meeting on Friday with an eye on a future without BP afte

Published 10 Jun, 2011 08:35am

Energy

Emirates firm takes the chair at Norway's DNO

OSLO : RAK Petroleum of the United Arab Emirates has strengthened its grip on Norwegian oil firm DNO International, pe

Published 09 Jun, 2011 03:04pm

Energy

Norway cuts oil investments

OSLO : Norway 's statistical office cut its forecast for 2012 oil and gas investments by 2 percent to 143.2 billion cro

Published 09 Jun, 2011 12:20pm

Energy

Oil rises as OPEC deal fails, eyes on Saudi

LONDON: Oil prices jumped by $2 on Wednesday after OPEC failed to reach a deal to increase output, raising fears of supp

Published 08 Jun, 2011 04:00pm

Energy

Oil prices fall as OPEC meets

LONDON: Oil prices dropped on Wednesday as OPEC considered whether to boost supplies aimed at reviving weak global econo

Published 08 Jun, 2011 09:09am

Energy

Oil prices rise as OPEC mulls output boost

LONDON : Oil prices climbed slightly on Tuesday, the day before an OPEC output meeting which may decide to increase crud

Published 07 Jun, 2011 10:16am

Energy

Oil prices slide ahead of OPEC meeting

LONDON : Oil prices fell on Monday as traders took profits and geared up for this week's key OPEC meeting in Vienna.

Published 06 Jun, 2011 09:46am

Energy

Moscow refinery trade interrupted by Fire

MOSCOW : A fire at a power substation at Gazprom Neft's Moscow refinery interrupted oil product loadings at the 200,00

Published 03 Jun, 2011 03:21pm

Energy

Oil slips from earlier gain due to inventory jump

LONDON : Crude oil prices slipped in choppy trading on Thursday, reversing earlier gains, due to an unexpected jump in c

Published 02 Jun, 2011 05:13pm

Energy

Brent oil, below $115, set for worst month in a year

LONDON : Brent crude oil fell below $115 a barrel on Monday, heading for its first monthly decline this year, as inve

Published 30 May, 2011 08:42pm

Energy

Oil gains as dollar falls

LONDON : Oil rose on Friday as a softer dollar tempered demand worries triggered by euro zone debt concerns and weak U.

Published 27 May, 2011 01:26pm

Energy

World oil prices drop slightly

LONDON: The crude oil market drifted lower on Thursday as traders banked their profits after two straight days of gains.

Published 26 May, 2011 09:45am

Energy

BP recovers $1.0bn Gulf oil spill costs: firm

LONDON: BP said on Friday it had recovered $1.065 billion (744 million euros) in costs linked to last year's devastating

Published 20 May, 2011 07:42am

Energy

Oil steady after surprise U.S. crude stocks drop

LONDON: Oil prices were little changed on Thursday holding on to gains after rebounding the previous day on data showing

Published 19 May, 2011 10:13am

Energy

GDF Suez CEO sees pick-up in gas prices next year

MILAN: French gas and power group GDF Suez sees natural gas prices picking up next year and is ready to invest in nuclea

Published 15 May, 2011 10:36am

Energy

Total Q-1 profit soars 35pc on higher oil prices

PARIS: French oil giant Total said Friday its first-quarter net profit soared 35 percent to 3.1 billion euros ($4.5 bill

Published 29 Apr, 2011 09:07am

Energy

Unipetrol Q1 net in line with expectations

PRAGUE: Czech downstream oil group Unipetrol reported a 50 percent rise in first quarter net profit on Friday, in line w

Published 29 Apr, 2011 06:28am

Energy

Total confirms gas discovery in Bolivia

PARIS: France's Total said on Wednesday it had discovered gas in Bolivia's Aquio field, confirming an earlier report by

Published 27 Apr, 2011 04:16pm

Energy

Russia may up oil products export duties

MOSCOW: Russia may increase export duties on oil products to avoid a fuel deficit on the domestic market as global price

Published 14 Apr, 2011 04:33pm

Energy

Europe Distillates-Margins stay narrow as oil falls

LONDON: Diesel margins remained narrow despite a fall in Brent on Monday, prompting talk of delays to refinery restarts

Published 11 Apr, 2011 07:33pm

Energy

Meyer. Burger buy solar booms post-Japan

ZURICH: Swiss solar equipment maker Meyer Burger is buying Roth & Rau in an agreed cash and share deal which values the

Published 11 Apr, 2011 07:35am

Energy

Statoil to re-evaluate riser risk after gas leak

OSLO: Norwegian oil and gas producer Statoil ASA said it would re-evaluate risks related to faulty risers at a number of

Published 11 Apr, 2011 06:16am

Energy

Oil falls on growing fears about demand destruction

LONDON: Brent crude futures dipped on Thursday after five days of gains, slipping under $122 a barrel on concern that st

Published 07 Apr, 2011 09:26am

Energy

Med Crude-Flurry of Urals offers as diffs strengthen

LONDON: Russian Urals crude saw a flurry of offers on Monday after almost a week of lull and traders said there were sig

Published 04 Apr, 2011 06:54pm

Currency	Rate
USD PKR Interbank Selling / Sep 29	277.32
USD PKR Interbank Buying / Sep 29	277.12
USD to Japanese Yen / Sep 30	157.03
USD to Swiss Franc / Sep 30	0.83
Pound Sterling to USD / Sep 30	1.32
Euro to USD / Sep 30	1.13
SOFR % / Sep 28	3.90

Stock	Volume
S&P 500 / Sep 29	7,670.84
Nasdaq / Sep 29	26,797.54
Dow Jones / Sep 29	51,349.92
India Sensex / Sep 30	72,729.39
Tokyo Nikkei / Sep 30	66,728.56
Hang Seng / Sep 30	24,534.37
FTSE 100 / Sep 30	10,714.17
Germany DAX 30 / Sep 30	25,546.29
France CAC40 / Sep 30	8,055.71

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 29	18,780
Gold 10 Grams PKR / Sep 29	374,945
Petrol/Litre / Sep 30	387.54
Crude Oil USD/Barrel / Sep 30	89.69
Gold Spot USD/Ounce / Sep 30	4,309.98
Diesel/Litre / Sep 30	402.24
Cotton US¢/pound / Sep 30	79.18

Stock	Price
Colony Tex.Mills Ltd / Sep 30 Colony Textile Mills Limited(CTM)	7.26 ▲ 1 (15.97%)
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	5.73 ▲ 0.77 (15.52%)
Lse Spac-I Ltd. / Sep 30 Lse Spac-I Limited(SPAC1)	20.41 ▲ 1.86 (10.03%)
Tri-Star Mutual / Sep 30 Tri-Star Mutual Fund Limited(TSMF)	16.57 ▲ 1.51 (10.03%)
Sindh Modaraba / Sep 30 Sindh Modaraba(SINDM)	33.28 ▲ 3.03 (10.02%)
Ghazi Fabrics / Sep 30 Ghazi Fabrics International Limited(GFIL)	26.38 ▲ 2.4 (10.01%)
Asim Textile / Sep 30 Asim Textile Mills Limited(ASTM)	113.96 ▲ 10.36 (10%)
Dadex Eternit / Sep 30 Dadex Eternit Limited(DADX)	150.32 ▲ 13.67 (10%)
First Punjab Modaraba / Sep 30 First Punjab Modaraba(FPJM)	29.04 ▲ 2.64 (10%)
Oilboy Energy / Sep 30 Oilboy Energy Limited(OBOY)	18.59 ▲ 1.69 (10%)

Stock	Price
Ashfaq Textile / Sep 30 Ashfaq Textile Mills Limited(ASHT)	50.57 ▼ -5.62 (-10%)
Ghani Chemworld Limited(PRS) / Sep 30 Ghani Chemworld Limited(PRS)(GCWLPRS)	118.83 ▼ -13.16 (-9.97%)
Burj Clean Energy Modaraba / Sep 30 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	11.25 ▼ -1.15 (-9.27%)
The Thal Ind.Corp. / Sep 30 The Thal Industries Corporation Limited(TICL)	918.13 ▼ -92.07 (-9.11%)
Pakistan Services / Sep 30 Pakistan Services Limited(PSEL)	1,019.63 ▼ -99.15 (-8.86%)
Mandviwala / Sep 30 Mandviwala Mauser Plastic Industries(MWMP)	77.07 ▼ -7.14 (-8.48%)
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	23.41 ▼ -1.84 (-7.29%)
D.M. Corporation / Sep 30 D.M. Corporation Limited(DMC)	165.33 ▼ -11.63 (-6.57%)
Cordoba Logistics / Sep 30 Cordoba Logistics & Ventures Limited(CLVL)	28.32 ▼ -1.94 (-6.41%)
EMCO Industries / Sep 30 Emco Industries Limited(EMCO)	32.10 ▼ -1.93 (-5.67%)

Stock	Volume
Pak Int.Bulk / Sep 30 Pakistan International Bulk Terminal(PIBTL)	73,446,994 ▲ 0.11
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	58,387,095 ▲ 0.77
Tasdeeq Info. Serv. / Sep 30 Tasdeeq Information Services Limited(TISL)	50,882,891 ▼ -0.09
Cnergyico PK / Sep 30 Cnergyico PK Limited(CNERGY)	28,308,841 ▲ 0.03
D.S. Ind. Ltd. / Sep 30 D.S. Industries Limited(DSIL)	21,823,804 ▲ 1.27
Arif Habib Corp / Sep 30 Arif Habib Corporation Limited(AHCL)	17,873,579 ▲ 0.1
Pak Refinery / Sep 30 Pakistan Refinery Limited(PRL)	17,817,038 ▲ 0.45
WorldCall Telecom / Sep 30 Worldcall Telecom Limited(WTL)	17,431,935 ▼ -0.01
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	16,575,953 ▼ -1.84
F. Nat.Equities / Sep 30 First National Equities Limited(FNEL)	14,238,200 ▲ 0