Energy Kuwait deputy FM says Iran, oil producers must not increase production DUBAI: Kuwait's deputy foreign minister Khaled Jarallah said oil exporting countries must freeze production and the Published 14 May, 2016 09:43am
Energy Kenya creates 17 new oil exploration blocks NAIROBI: Kenya has created an extra 17 new oil exploration blocks, bringing its total to 63 and aims to auction them in Published 14 May, 2016 09:31am
Energy South Africa's Eskom sees no power cuts this year, to have excess capacity by 2021 CAPE TOWN: South Africa's power utility Eskom does not expect to implement electricity cuts for the rest of the 2016 Published 12 May, 2016 11:16am
Energy Shell's Nigeria unit declares force majeure on Bonny Light exports YENAGOA: Royal Dutch Shell's Nigerian unit has declared force majeure on Bonny Light exports, it said on Wednesday, Published 11 May, 2016 03:20pm
Energy Nigeria oil output set to fall to 22 year low on pipeline outage YENAGOA: Nigeria's oil production is set to fall to its lowest in more than two decades after Royal Dutch Shell' Published 11 May, 2016 02:42pm
Energy Nigeria oil output hits 22-year low on renewed unrest LAGOS: Nigeria's oil output has slumped to a 22-year low, figures showed on Tuesday, because of pipeline sabotage an Published 10 May, 2016 06:03pm
Energy Oil market on track to rebalance in H2: Qatar energy minister ABU DHABI: Qatar's energy minister and current OPEC president Mohammed al-Sada said on Tuesday that the oil market w Published 10 May, 2016 04:58pm
Middle East Africa Energy Egypt to receive first LNG shipment from Rosneft in May CAIRO: Egypt will receive the first of five agreed shipments of liquefied natural gas (LNG) from Russia's Rosneft th Published 05 May, 2016 12:51pm
Energy Oil shipments from Georgia's Batumi port fall 17pc in Jan-Apr TBILISI: Shipments of crude and refined oil products from Georgia's Black Sea port of Batumi fell 17.4 percent in Ja Published 03 May, 2016 02:12pm
Energy South Africa's petrol pump price to increase in May JOHANNESBURG: The retail price of petrol in South Africa will increase by nearly 1 percent from May 4, while the price o Published 02 May, 2016 10:12am
Energy Iran oil exports to South Korea rise to 400,000 bpd after sanctions lifted: Shana DUBAI: Iran's oil exports to South Korea have more than quadrupled to 400,000 barrels a day since international sanc Published 01 May, 2016 09:34am
Energy Iraq's southern oil exports rise in April to 3.364mn bpd BASRA: Iraq exported oil from southern fields at an average rate of 3.364 million barrels per day in April, higher than Published 01 May, 2016 09:30am
Energy Qatar says to liberalise fuel prices DOHA: OPEC member Qatar announced Tuesday that it will liberalise petrol and diesel prices amid concerns over the state Published 26 Apr, 2016 03:08pm
Energy Qatar to let domestic fuel prices fluctuate in subsidy reform DOHA: Qatar will allow its domestic gasoline and diesel prices to fluctuate in response to changes in global markets as Published 26 Apr, 2016 10:17am
Middle East Africa Energy Saudi unveils far-reaching plan to move away from oil RIYADH: Saudi Arabia said Monday it would create the world's largest sovereign investment fund and sell shares in st Published 25 Apr, 2016 07:48pm
Energy Kuwait says may resume normal oil output three days after strike ends KUWAIT: Kuwait's crude oil production may return to normal within three days, after a strike by local oil and gas wo Published 20 Apr, 2016 01:27pm
Energy Kuwait to restore full oil output in '3 days' after strike ends KUWAIT CITY: Kuwait's state oil firm said Wednesday that it expects to restore full production within three days aft Published 20 Apr, 2016 10:05am
Energy Iran's oil output to reach pre-sanctions level by June, official says DUBAI: Iran's crude oil production will reach pre-sanctions levels within two months, a deputy oil minister was quot Published 19 Apr, 2016 01:56pm
Energy Saudi oil exports fall to 7.553mn bpd in February ABU DHABI: Saudi Arabia's crude oil exports in February fell to 7.553 million barrels per day from 7.835 million bpd Published 18 Apr, 2016 10:01am
Energy Iran exporting 350,000 bpd oil to India, hopes for more: Shana DUBAI: Iran is exporting around 350,000 barrels of crude oil a day to India and hopes to increase this number, Oil Minis Published 09 Apr, 2016 12:27pm
Energy Iraq to lower oil price forecast to $32 a barrel in 2016 budget BAGHDAD: Iraq plans to lower the oil price forecast in its 2016 budget to about $32 a barrel from $45, widening its fisc Published 07 Apr, 2016 01:27pm
Energy Crude output freeze unlikely as Iran wins back Asia market share: Russell LAUNCESTON: It's not hard to see why Saudi Arabia is reluctant to take the relatively modest step of freezing crude Published 05 Apr, 2016 01:12pm
Middle East Africa Energy Oil markets will start to rebalance in 2016, 2017: ADNOC DUBAI: The chief executive of the Abu Dhabi National Oil Company said in remarks published on Monday he expected a slow Published 04 Apr, 2016 09:28am
Energy Oil down as Saudi comments cast doubt on output freeze SINGAPORE: Crude prices extended losses in Asia Monday after comments by Saudi Arabia cast doubt whether key producers m Published 04 Apr, 2016 04:44am
Energy Iraq Kurdish oil exports 327,371 bpd in March, KRG says BAGHDAD: Iraq's Kurdish region exported an average of 327,371 barrels per day (bpd) of oil in the month of March, th Published 03 Apr, 2016 01:15pm
Energy Libya's NOC says working with unity gov't, hopeful for recovery TRIPOLI: Libya's National Oil Corporation says it is working with the UN-backed unity government that arrived in Tri Published 02 Apr, 2016 11:52am
Energy Saudi says will only freeze oil output if Iran, others do RIYADH: Top oil exporter Saudi Arabia will only freeze output if other key producers, including Iran, take a similar mea Published 01 Apr, 2016 09:49pm
Energy Oil slick stains Taiwan coast after cargo ship runs aground TAIPEI: An oil slick from a stricken cargo ship off Taiwan's north coast could cause "massive" devastation to the ar Published 25 Mar, 2016 03:22pm
Energy Nigeria raises 115bn naira in Treasury bills at higher yields LAGOS: Nigeria sold 114.97 billion naira ($579.05 million) worth of three-month to one-year treasury bills on Wednesday Published 24 Mar, 2016 02:14pm
Middle East Africa Energy Oman Oil in talks with banks on $1bn loan for subsidiary DUBAI/MUSCAT: State-owned Oman Oil Co, the national petroleum investment company, is seeking a $1 billion loan from bank Published 24 Mar, 2016 01:06pm