Energy Algeria boosts oil output by 32,000 bpd with two new fields ALGIERS: OPEC member Algeria has increased crude oil output by 32,000 barrels per day after starting production at two f Published 02 Aug, 2015 10:55am
Energy Iran sees oil output up 1mn bpd after curbs end DUBAI: Iran expects to raise oil output by 500,000 barrels per day (bpd) as soon as sanctions are lifted and by a millio Published 02 Aug, 2015 09:47am
Energy Iraq's southern oil exports hit record 3.064mn bpd in July BAGHDAD: Iraq's southern oil exports rose in July to a record average of 3.064 million barrels per day (bpd) from 3. Published 01 Aug, 2015 01:23pm
Energy Egypt expects to import 7.79mn tonnes of LNG this fiscal year CAIRO: Egypt expects to import 28.6 million tonnes of crude oil, liquefied natural gas (LNG) and other oil products wort Published 01 Aug, 2015 01:15pm
Energy UAE to scrap fuel subsidies from August DUBAI: Leading oil producer the United Arab Emirates will scrap subsidies on petrol and diesel from August to cut spendi Published 22 Jul, 2015 08:27am
Energy Kenya seeks over 670,000 tonnes oil products for July-August SINGAPORE: Kenya's oil importers are seeking more than 670,000 tonnes of oil products for delivery over July-August, Published 19 Jun, 2015 08:09am
Energy Saudi Arabia's April crude oil exports down slightly KHOBAR: Saudi Arabia's April crude exports fell slightly to 7.737 million barrels per day (bpd) from 7.898 million b Published 19 Jun, 2015 08:08am
Middle East Africa Energy UAE oil minister says studying fuel subsidies, report ready soon ABU DHABI: The United Arab Emirates' oil ministry is studying the country's system of fuel subsidies and a repor Published 15 Jun, 2015 07:34am
Energy Iraq oil production now 3.8mn bpd LONDON: Iraq's oil production is around 3.8 million barrels per day (bpd) and is set to rise to 5.5-6.0 million bpd Published 09 Jun, 2015 09:30am
Energy Nigeria's Bonny LNG tenders to sell one cargo mid-June-sources LONDON: Nigeria's Bonny liquefied natural gas (LNG) export plant has launched a tender to sell one cargo loading on Published 26 May, 2015 08:05pm
Energy Iran says OPEC unlikely to change output ceiling: Mehr news agency DUBAI: OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zan Published 24 May, 2015 11:43am
Energy Shell declares force majeure on Nigeria crude exports because of leaks LAGOS: Anglo-Dutch oil giant Shell has halted crude exports from a key terminal in southern Nigeria because of a leak in Published 07 May, 2015 01:57pm
Energy Nigerian fuel retailer MRS Oil falls to Q1 pretax loss LAGOS: Nigeria's MRS Oil fell to a first-quarter pretax loss of 734.5 million naira ($3.7 million) after posting a p Published 04 May, 2015 10:51am
Energy South Africa's petrol pump price to stay unchanged in May JOHANNESBURG: The retail price of 95-grade petrol in South Africa will remain unchanged from May 6, while the wholesale Published 30 Apr, 2015 02:16pm
Middle East Africa Energy Oil prices drop as Middle East tension ease SINGAPORE: Oil prices extended declines from the previous session on Wednesday as Middle East tension eased after Saudi Published 22 Apr, 2015 05:35am
Energy UAE's ADNOC says no timeframe for decision on onshore concession ABU DHABI: Abu Dhabi National Oil Company (ADNOC) does not have a deadline for when to award further stakes in its 40-year o Published 20 Apr, 2015 03:17pm
Energy Iraq sets prices for Basrah heavy crude in May ABU DHABI: Iraq has set the May official selling price (OSP) for Basrah heavy crude to the North and South American mark Published 12 Apr, 2015 09:51pm
Energy Ghana oil firm GNPC to cut Trafigura loan due to crude price dip ACCRA: Ghana National Petroleum Corporation (GNPC) will reduce the sum it borrows in a loan deal with commodities trader Published 07 Apr, 2015 08:56pm
Energy Egypt's fuel subsidy bill drops 30pc CAIRO: Egypt's fuel subsidy bill for the first half of the current fiscal year fell by about 30 percent, the finance Published 30 Mar, 2015 02:58pm
Energy South Africa's Eskom to cut 2,000 MW of power JOHANNESBURG: South Africa's Eskom will implement rolling power cuts from 1000 GMT to 2000 GMT on Wednesday, the pow Published 26 Mar, 2015 09:04am
Energy OPEC has no choice but to keep output unchanged KUWAIT: Kuwait oil minister said on Thursday that he was concerned by the drop in oil prices because of its impact on th Published 19 Mar, 2015 09:01am
Energy Libyan oil export revenue still going to NOC in Tripoli: official BENGHAZI: All Libyan oil export revenue is still being paid under contracts with National Oil Corp (NOC) in Tripoli, a t Published 18 Mar, 2015 11:56am
Middle East Africa Energy Abu Dhabi's Mubadala Petroleum to explore big Morocco offshore area DUBAI: Abu Dhabi's Mubadala Petroleum said on Wednesday that it had agreed with the Moroccan government to evaluate Published 18 Mar, 2015 10:12am
Energy Oil prices stabilising, will continue to firm up DOHA: Oil prices have started to stabilise around $60 a barrel in past weeks and will continue to firm up, while crude d Published 15 Mar, 2015 01:18pm
Energy Libyan gas output at 200,000 boepd CAIRO: Libyan gas output is at 200,000 barrels of oil equivalent per day, a senior Libyan oil industry source said on Fr Published 13 Mar, 2015 03:50pm
Energy Oil companies offer to cut 2015 spending in Iraq BAGHDAD: Oil companies have proposed millions of dollars of cuts in development spending in Iraq, a senior oil ministry Published 12 Mar, 2015 08:46pm
Energy Iraqi Oil Tankers offers up to 100,000 tonnes fuel oil for April SINGAPORE: Iraqi Oil Tankers Company has offered up to 100,000 tonnes of fuel oil for loading in April, industry sources Published 10 Mar, 2015 05:52am
Energy ADNOC offers record volume after Ruwais expansion SINGAPORE: Abu Dhabi National Oil Co (ADNOC) has offered 120,000 to 125,000 tonnes of low-sulphur naphtha for mid-April Published 06 Mar, 2015 01:16pm
Energy Kenya plan needs oil price rebound-Africa Oil NAIROBI: Oil prices would probably need to rise to about $75 to $85 a barrel from around $60 currently for Tullow Oil an Published 03 Mar, 2015 08:12am
Middle East Africa Energy UAE non-oil business growth slows in February: PMI DUBAI: Business activity growth in the United Arab Emirates' non-oil private sector slowed to a five-month low in Fe Published 03 Mar, 2015 05:53am