Energy Middle East Crude-Benchmarks steady; weak fuel oil weighs on medium grades SINGAPORE: The Middle East crude benchmarks largely held steady on Monday, while medium grades stayed under pressure wit Published 22 Jan, 2018 03:42pm
Energy UAE confident world oil market will balance out in 2018 ABU DHABI: UAE Energy Minister and OPEC president Suheil al-Mazrouei insisted Thursday that oil producers can balanc Published 11 Jan, 2018 12:43pm
Energy Nigeria's NNPC tenders to buy more gasoline to stave off shortages LONDON: Nigerian state oil company NNPC has issued a tender to buy up to 1.55 million tonnes of gasoline from January to Published 10 Jan, 2018 07:35pm
Energy Nigeria tenders to buy more gasoline to stave off shortages LONDON: Nigerian state oil company NNPC has issued a tender to buy up to 1.55 million tonnes of gasoline from January to Published 10 Jan, 2018 07:35pm
Energy Shell sells stake in Iraq oilfield to Japan's Itochu BASRA: Iraq has approved the sale by Royal Dutch Shell of the company's 20 percent stake in Iraq's West Qurna 1 oilfield Published 10 Jan, 2018 07:22pm
Energy OPEC's cheer over 2018 oil rally tinged by shale worries DUBAI/LONDON: Oil's price rally this year to its highest since May 2015 may seem a source of glee for OPEC, but some in Published 09 Jan, 2018 08:22pm
Energy Iraq to export Kirkuk oil to Iran before end-Jan: Iraqi oil minister BAGHDAD: Iraq will start exporting oil from the northern Kirkuk fields to Iran before the end of January, Iraqi Oil Published 07 Jan, 2018 10:28am
Middle East Africa Energy Libya's oil revenues surge as output recovers TRIPOLI: Libya's oil revenues have more than tripled in 2017 despite violence and political instability, according to fi Published 05 Jan, 2018 07:54pm
Energy West Africa Crude-Two new Indian tenders emerge, spot limited LONDON: Spot trade was limited on Friday with a slight overhang continuing on Angolan crude from January. ANGOLA U Published 05 Jan, 2018 06:10pm
Energy Libya needs a week to repair blown-up oil pipeline TRIPOLI/BENGHAZI: A Libyan crude oil pipeline blown up on Tuesday will take about a week to repair, the head of state oi Published 27 Dec, 2017 09:02pm
Energy Iraq begins takeover of oilfield from Shell BAGHDAD: Iraq on Thursday took the first step towards taking over the giant Majnoon oilfield following the pullout o Published 21 Dec, 2017 05:27pm
Energy West Africa Crude-Nigeria's February programmes start to emerge LONDON: Spot activity was thin on Friday as traders started to receive Nigeria's February loading programmes and awaited Updated 16 Dec, 2017 05:55am
Energy Nigeria seeks to amend deep offshore oil act to raise crude revenue ABUJA: Nigeria is seeking to amend a law on deep offshore oil exploration and drilling, aiming to increase government re Published 13 Dec, 2017 10:08pm
Energy West Africa Crude-Some Angolan offers reduced, Qua offered higher LONDON: Offer levels for some Angolan crude grades were reduced on Monday as sellers attempted to clear remaining cargoe Published 11 Dec, 2017 11:19pm
Middle East Africa Energy South Africa to hike petrol, diesel prices in December JOHANNESBURG: The retail price of petrol and the wholesale price of diesel in South Africa will increase from Wednesday Published 04 Dec, 2017 09:16pm
Energy Total will lose entire investment if it pulls out of South Pars BEIRUT: France's Total will lose all of its investment if it pulls out of a deal with Iran to develop South Pars, the wo Published 21 Nov, 2017 09:28pm
Energy Brazil's Cosan to start $200 million share buyback program on Tuesday SAO PAULO: Brazil's Cosan Ltd will initiate a tender offer on Tuesday to buy back up to $200 million in New York-listed Published 21 Nov, 2017 04:17pm
Energy West Africa Crude-Angolan Jan exports to hold steady, Nigerian softer LONDON: Angolan state oil company Sonangol issued its official export programme on Monday showing stable supplies, while Published 20 Nov, 2017 10:54pm
Energy ADNOC to raise $2.25bn pre-IPO loan for distribution unit DUBAI: Abu Dhabi National Oil Company (ADNOC) plans to raise a $2.25 billion loan for its distribution unit prior to sel Published 20 Nov, 2017 09:54pm
Energy Abu Dhabi extends concession at major oilfield to boost output ABU DHABI: The Abu Dhabi National Oil Company (ADNOC) said Tuesday it had signed an agreement with US and Japanese oil f Published 14 Nov, 2017 01:16pm
Energy UAE's ADNOC to float at least 10pc of fuel distribution business ABU DHABI/DUBAI: Abu Dhabi National Oil Company (ADNOC) aims to sell at least 10 percent of its fuel distribution unit i Published 13 Nov, 2017 09:55pm
Energy Oil producers to extend cuts to rebalance market: UAE ABU DHABI: Oil producers are expected to unanimously extend a production cut accord later this month but its duration is Published 13 Nov, 2017 02:38pm
Middle East Africa Energy Bahrain pipeline re-opens after 'vandalism': Aramco RIYADH: Saudi oil giant Aramco on Monday said it had resumed operations at its Bahrain pipeline, days after it was shut Published 13 Nov, 2017 02:14pm
Energy Saudi Arabia to cut crude exports by 120,000 bpd in Dec DUBAI: Saudi Arabia plans to cut crude exports by 120,000 barrels per day (bpd) in December from November, reducing allo Published 09 Nov, 2017 10:16pm
Energy Saudi Aramco signs energy deals worth nearly $4.5bn RIYADH: Saudi Aramco on Thursday signed agreements worth nearly $4.5 billion with multinational oil and gas contractors, Published 09 Nov, 2017 08:03pm
Energy Abu Dhabi oil firm raises $3bn in bond sale ABU DHABI: Abu Dhabi Crude Oil Pipeline Co (ADCOP) has raised $3 billion through a bond sale to support growth and inves Published 06 Nov, 2017 12:31pm
Energy OPEC likely to keep oil supply curbs for whole of 2018 DUBAI: OPEC is likely to stay the course by keeping its current curb on oil production in place for the whole of 2018 de Published 01 Nov, 2017 04:58pm
Energy France's Total postpones investment decision on Absheron gas field until 2018 BAKU: French oil company Total has postponed an investment decision on development of the Absheron gas and condensate fi Published 01 Nov, 2017 12:38pm
Energy W.Africa Diffs under pressure on lower US, Chinese demand LONDON: Differentials for Nigerian crude were under pressure on low US refining demand and with Chinese refiners increas Published 25 Oct, 2017 07:32pm
Middle East Africa Energy Global oil demand to rise despite push for renewables RIYADH: Global oil demand is expected to grow by 45 percent by 2050 despite an international push for using more renewab Published 24 Oct, 2017 09:20pm