Energy Nigeria state oil company denies existence of $3.5bn fuel subsidy fund LAGOS: Nigeria's state oil company on Wednesday denied parliament's accusation that it had a $3.5 billion fund to surrep Published 17 Oct, 2018 11:13am
Energy UAE's ADNOC starts producing new Umm Lulu crude oil stream DUBAI/SINGAPORE: Abu Dhabi National Oil Company (ADNOC) started producing and exporting a new crude grade known as Umm L Published 17 Oct, 2018 11:10am
Energy Qatar Petroleum signs 5-year LPG supply deal with China DUBAI: State energy giant Qatar Petroleum said on Tuesday it had signed a five-year agreement to supply China with 600,0 Published 16 Oct, 2018 01:21pm
Energy Egypt's petroleum minister says LNG vessel to leave before weekend CAIRO: Egypt's petroleum minister said on Tuesday that a regasification vessel would leave Egypt by the end of the week, Published 16 Oct, 2018 10:00am
Energy UAE's ADNOC Sour Gas says sulphur pipeline work on track DUBAI: Abu Dhabi's National Oil Company (ADNOC)'s subsidiary, ADNOC Sour Gas, is on track to construct a new sulphur pip Published 14 Oct, 2018 11:29am
Energy Oman's 2019 crude oil premiums rise on financing costs, Iran SINGAPORE: Oman crude oil sellers have locked in higher premiums for 2019 supplies than the previous year on the back of Published 12 Oct, 2018 12:26pm
Energy Kuwait raises Nov crude official selling price for Asia SINGAPORE: Kuwait has raised the November official selling price (OSP) for crude oil sold to Asia by 75 cents a barrel f Published 11 Oct, 2018 11:14am
Middle East Africa Energy Iraq raises Nov Basra crude prices to Asia DUBAI/SINGAPORE: Iraq has set the November official selling price (OSP) for Basra Light crude to Asia at plus $0.60 a ba Published 11 Oct, 2018 10:31am
Energy Saudi Arabia, Russia agreed in Sept to lift oil output, told US MOSCOW/DUBAI: Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices a Published 03 Oct, 2018 07:23pm
Energy Libya oil production at 1.25mn barrels per day, plans to pump more MOSCOW: Libya is pumping around 1.25 million barrels per day of oil and plans to increase output further, Mustafa Sanall Published 03 Oct, 2018 02:20pm
Energy Iraq oil exports from southern ports average 3.560 million bpd in September BAGHDAD: Iraq's oil exports from the southern ports on the Gulf averaged 3.560 million barrels per day (bpd) in Septembe Published 01 Oct, 2018 09:56am
Energy Morocco preparing tender for $4.5bn LNG project MARRAKESH: Morocco is preparing to invite bids for a liquefied natural gas (LNG) project in Jorf Lasfar worth $4.5 billi Published 01 Oct, 2018 09:53am
Energy Iraq plans to boost light oil output, exports to 1mn bpd in 2019 BAGHDAD: Iraqi Oil Minister Jabar al-Luaibi said on Sunday that his country plans to increase the production and exports Published 30 Sep, 2018 12:27pm
Energy Egypt imported 17 shipments of LNG in Q1, worth $500mn CAIRO: Egypt imported 17 shipments of liquefied natural gas (LNG) in the first quarter of fiscal year 2018-2019 worth $5 Published 30 Sep, 2018 12:08pm
Middle East Africa Energy Saudi Aramco to have more oil output capacity from two fields in Q4 DUBAI: State oil giant Saudi Aramco will bring new crude output capacity of some 550,000 barrels per day (bpd) onlin Published 27 Sep, 2018 08:35pm
Energy Saudi Arabia in short-term oil fix, fears extra US supply next year DUBAI: Saudi Arabia will quietly add extra oil to the market over the next couple of months to offset a drop in Iran Published 27 Sep, 2018 08:21pm
Energy Qatar Petroleum to raise North Field gas output with new LNG line DUBAI: Qatar Petroleum, the world's top supplier of liquefied natural gas (LNG), said on Wednesday it was adding a fourt Published 26 Sep, 2018 11:34am
Energy Saudi says door open to future oil output hike ALGIERS: Supply to the global oil market remains "satisfactory," Saudi Arabia's energy minister Khalid al-Falih said Published 23 Sep, 2018 07:41pm
Energy In Nigeria, Shell's onshore roots still run deep BODO: Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away fro Published 23 Sep, 2018 01:39pm
Energy South Korea has bought no Iranian crude oil for about 3 months DUBAI: South Korea has bought no Iranian crude oil for about three months following the reimposition of US sanctions on Published 23 Sep, 2018 12:52pm
Energy OPEC, Russia rebuff Trump's call for immediate boost to oil output ALGIERS: OPEC's leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any Published 23 Sep, 2018 12:51pm
Energy Libya producing more than 1 million bpd of oil ALGIERS: Libya is producing more than 1 million barrels per day of oil and its average 2018 production so far is 1.03 mi Published 23 Sep, 2018 12:48pm
Middle East Africa Energy OPEC chief says Iran still 'very important' as US sanctions loom FUJAIRAH: The head of OPEC said Tuesday that Iran remains "a very important member" of the oil cartel, as Tehran bra Published 18 Sep, 2018 10:59am
Energy Oman says August oil output fell to 974,500 bpd DUBAI: Oman's production of crude oil and condensates dropped to an average of 974,500 barrels per day in August, th Published 15 Sep, 2018 12:46pm
Energy OPEC, non-OPEC panel to discuss sharing oil-output boost DUBAI/LONDON: An OPEC and non-OPEC technical committee will next week discuss proposals for sharing out an oil-outpu Published 07 Sep, 2018 12:23pm
Energy Saudi Arabia raises Oct crude prices to Europe, cuts Asia DUBAI: Saudi Aramco has raised the European price for its Arab Light crude grade for October, the state oil producer Published 05 Sep, 2018 04:34pm
Energy Iran moving main oil export terminal out of Gulf TEHRAN: Iran is to move its main oil export terminal from the Gulf to the Oman Sea, President Hassan Rouhani announc Published 04 Sep, 2018 03:25pm
Energy ExxonMobil says blockade threatens production at Nigeria oil facilities ABUJA: ExxonMobil said on Monday that a blockade by former employees threatens crude production at oil facilities in Nig Published 03 Sep, 2018 09:33pm
Energy Algeria says global oil market is balanced ALGIERS: The world crude oil market is currently balanced, Algerian Energy Minister Mustapha Guitouni said on Monday ahe Published 03 Sep, 2018 09:29pm
Middle East Africa Energy Iraq oil exports average 3.583mn bpd in August ERBIL: Iraq's oil exports from the southern ports on the Gulf averaged 3.583 million barrels per day (bpd) in August Published 01 Sep, 2018 12:34pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?