Energy Saudi Arabia's oil exports rise to 7.364mn bpd in Oct: JODI KHOBAR: Saudi Arabia's crude oil exports in October rose by 253,000 barrels per day from September to 7.364 million Published 20 Dec, 2015 12:58pm
Energy Oil price situation is a challenge to development plans: Qatari oil minister CAIRO: Qatari Energy Minister Mohamed bin Saleh al-Sada said on Sunday the situation in the oil market has become a chal Published 20 Dec, 2015 12:56pm
Energy Kuwait cuts Jan crude price to Asia by $0.25/bbl source SINGAPORE: Kuwait has set the official selling price (OSP) for its crude oil sales to Asian buyers for January at $3.75 Published 11 Dec, 2015 07:32am
Energy EGPC negotiating to delay dollar payments owed to banks CAIRO: Egyptian General Petroleum Corp (EGPC) said on Tuesday it is negotiating with banks to delay dollar payments owed Published 08 Dec, 2015 08:37am
Energy Oman Oil plans to boost production despite low prices DOHA: Oman Oil's exploration and production division plans to invest up to $4 billion over the next five years to bo Published 07 Dec, 2015 09:54pm
Energy Regional markets may diverge; economic data boosts Egypt DUBAI: Regional markets could diverge on Monday, with bourses in the oil-exporting Gulf again likely to be subdued becau Published 07 Dec, 2015 10:19am
Energy OPEC decides against cutting oil output: Nigeria VIENNA: The Organization of the Petroleum Exporting Countries has decided against cutting its oil output to lift prices, Published 04 Dec, 2015 07:10pm
Middle East Africa Energy South Africa's Eskom to cancel Exxaro coal supply contract for Arnot plant JOHANNESBURG: South Africa's power utility Eskom said on Tuesday it was seeking coal bids for its 2,100 megawatt (MW Published 01 Dec, 2015 07:55am
Energy Kuwait says oversupply pressuring oil price, hopes for recovery KUWAIT: Kuwait's Oil Minister Ali al-Omeir on Sunday said the drop in the oil price was a result of excess supply an Published 29 Nov, 2015 12:02pm
Energy UAE channels oil money into alternative energy ABU DHABI: Rising from the desert outside Abu Dhabi, Masdar city is laying the groundwork for when the United Arab Emira Published 23 Nov, 2015 06:45am
Energy Dana Gas says wins UK court ruling for $100mn Kurdistan payment DUBAI: United Arab Emirates energy firm Dana Gas, one of the largest investors in Iraq's Kurdistan region, on Sunday Published 22 Nov, 2015 08:02pm
Energy Kuwait's KNPC says to shut Shuaiba refinery by April 2017 KUWAIT: Kuwait National Petroleum Co will shut its Shuaiba refinery permanently by April 2017, before its clean fuels pr Published 22 Nov, 2015 07:29pm
Energy Saudi Arabian crude exports rise to 7.111mn bpd in Sept DUBAI: Saudi Arabia raised its oil exports in September by 113,000 barrels per day (bpd) to 7.111 million bpd from 6.998 Published 18 Nov, 2015 11:34am
Energy Iran says increase in oil exports won't cause big fall in prices DUBAI: Iran's plans to ramp up crude oil production yet exports will not cause global prices to fall sharply because Published 17 Nov, 2015 07:34pm
Middle East Africa Energy Venezuela oil minister says Saudi sees oil price recovery RIYADH: Venezuela's oil minister, who has been campaigning for measures to support crude prices, said Saudi Arabia s Published 10 Nov, 2015 07:17pm
Energy BP suspends Chirag platform for planned maintenance for 25 days BAKU: British oil major BP has suspended operations at Chirag, one of its platforms in the Caspian Sea, for planned main Published 10 Nov, 2015 12:40am
Energy Colombia to cut oil taxes in bid to boost offshore exploration BOGOTA: Colombia will lower tax rates for oil companies drilling in some offshore blocks in the Caribbean, the Mines and Published 09 Nov, 2015 06:58pm
Energy Low oil price threatens future supply crisis: Saudi DOHA: Leading crude oil exporter Saudi Arabia warned on Monday of a supply crisis after massive energy investments were Published 09 Nov, 2015 06:33pm
Energy Dubai airports get more jet fuel with new ENOC pipeline DUBAI: Emirates National Oil Co Ltd (ENOC) on Monday announced the completion of a new jet fuel pipeline from its storag Published 09 Nov, 2015 11:49am
Energy Long-term oil market fundamentals robust despite price drop, Saudi says DOHA: Long-term oil market fundamentals remain robust but prolonged low prices could threaten security of supply and pav Published 09 Nov, 2015 08:03am
Energy Kuwait Petroleum to seal 2016 gasoil, jet fuel term at lower premiums SINGAPORE: Kuwait Petroleum Corp (KPC) has agreed to sell its 2016 term barrels for gasoil and jet fuel at lower premium Published 09 Nov, 2015 07:51am
Energy Oil exports suspended from Libya oil terminal TRIPOLI: Libya's National Oil Corp announced Thursday it had imposed a state of "force majeure" on one of the countr Published 05 Nov, 2015 09:25pm
Middle East Africa Energy Kuwait oil minister says believes oil prices have bottomed out RIYADH: Kuwait's oil minister said on Wednesday he believed oil prices had bottomed out.Asked whether he agreed with Published 04 Nov, 2015 02:04pm
Energy BP to begin north Alexandria gas output in early 2017 CAIRO: British oil major BP will begin gas production at its north Alexandria concession in early 2017 rather than mid-2 Published 25 Oct, 2015 07:27pm
Energy Iran to up oil production one week after sanctions: Shana DUBAI: Iran will boost its crude oil production within one week once international sanctions are lifted and is determine Published 19 Oct, 2015 02:33pm
Energy Saudi crude oil exports fall in August to 6.998mn bpd: JODI DUBAI: Saudi Arabia's crude oil exports fell by 278,000 barrels per day in August, despite historically high wellhea Published 18 Oct, 2015 08:47am
Energy Qatar sees oil price recovery in 2016 DOHA: Qatar's oil minister said on Sunday he saw signs of an oil price rise in 2016 because of a recovery in the glo Published 11 Oct, 2015 06:08pm
Energy Oil market needs an anchor, Saudi adviser says KUWAIT: The lack of a clear leader or "anchor" in the global oil market is fueling uncertainty and leading to sharp swin Published 09 Oct, 2015 12:55pm
Energy Qatar oil minister says Gulf states will maintain oil investment DOHA: Gulf energy producers will continue to invest to maintain stable energy supplies, Qatar's Oil Minister Mohamme Published 10 Sep, 2015 08:55am
Middle East Africa Energy BP suspends Shah Deniz platform for planned maintenance BAKU: British oil major BP has suspended operations on the Shah Deniz platform in the Caspian Sea as well as the Shah De Published 03 Aug, 2015 06:15pm