Energy Tanzania cuts fuel prices, move may dampen inflation pressure DAR ES SALAAM: Tanzania's energy regulator cut fuel prices on Wednesday to reflect lower import costs, in a move lik Published 07 Jan, 2015 02:22pm
Energy UAE oil minister says oversupply may last months or years DUBAI: Oil market oversupply may last months or even years, but prices could recover if non-OPEC producers "act rational Published 07 Jan, 2015 05:52am
Energy Oil weighs on Gulf but Saudi cuts losses on late buying DUBAI: Gulf stock markets extended their losses on Tuesday as Brent crude plunged for a second session in a row and the Published 06 Jan, 2015 02:35pm
Energy Gulf markets fall after oil plunge; Dubai tumbles DUBAI: Gulf stock markets fell in early trade on Tuesday after Brent crude plunged 5 percent a day earlier and the threa Published 06 Jan, 2015 07:01am
Energy West Africa Crude-Nigerian steady near multi-year low LONDON: Nigerian crude differentials were steady on Friday close to multi-year lows, pressured by a large quantity of un Published 02 Jan, 2015 12:50pm
Energy Oil, global markets may weigh on Gulf DUBAI: Selling pressure may persist in Gulf stock markets on Tuesday after oil prices dropped back to five-year lows and Published 30 Dec, 2014 08:03am
Energy Gulf markets mixed as oil stays below $60 DUBAI: Gulf stock markets were mixed in early trade on Monday after gaining strongly in the two previous sessions on the Published 29 Dec, 2014 07:15am
Middle East Africa Energy Oil pull-back may end Gulf's rebound for now DUBAI: A renewed pull-back in oil prices may encourage profit-taking in Gulf stock markets on Tuesday and end their rece Published 23 Dec, 2014 05:56am
Energy Oil markets face uncertain future as OPEC targets competitors ABU DHABI: The determination of powerful Gulf OPEC members to stifle competition from new oil producers has left the glo Published 22 Dec, 2014 01:17pm
Energy Qatar oil minister says market experiencing ‘temporary correction’ ABU DHABI: The oil market is experiencing a "temporary correction" and fundamentals should dictate a fair price for oil, Published 21 Dec, 2014 12:30pm
Energy Iraq's SOMO sees average December oil exports from Basra topping 2.6mn bpd ABU DHABI: The head of Iraq's state oil marketing body, SOMO, said on Sunday that he expected average December oil e Published 21 Dec, 2014 12:17pm
Energy Iraq oil min says total production to reach 4mn bpd ABU DHABI: Iraq Oil Minister Adel Abdel Mahdi said on Sunday Iraq's total oil production would reach four million ba Published 21 Dec, 2014 09:15am
Energy Saudi crude oil exports rise to almost 6.9mn bpd in Oct DUBAI: Top oil exporter Saudi Arabia shipped more crude oil in October than a month earlier while volumes used by domest Published 18 Dec, 2014 01:04pm
Energy UAE markets soar on stronger oil; Dubai up 7.7pc DUBAI: Stock markets in the United Arab Emirates soared in early trade on Thursday after the price of oil rebounded late Published 18 Dec, 2014 06:54am
Middle East Africa Energy Kenya cuts maximum retail prices of fuel NAIROBI: Kenya's Energy Regulatory Commission cut the maximum retail prices of petroleum products on Sunday saying t Published 14 Dec, 2014 02:28pm
Energy Libya's Nafoura oilfield pumping 20,000 bpd BENGHAZI: Libya's eastern Nafoura oilfield is producing 20,000 barrels a day, a spokesman for the state operator AGO Published 05 Dec, 2014 07:45am
Energy Saudi slashes January oil prices for Asia, US LONDON: Saudi Arabia steeply cut its January oil prices for Asian and US buyers on Thursday, which some analysts said sh Published 04 Dec, 2014 04:00pm
Energy Iraq exports boost to add pressure on 2015 oil market LONDON: Iraq's plan for higher oil exports in 2015, emerging in detail just days after OPEC shunned any output cut, Published 04 Dec, 2014 11:47am
Energy Nigeria slashes oil price assumption by 11pc to $65 per barrel ABUJA: Nigeria has slashed the oil price assumed in its 2015 budget by 11 percent to $65 a barrel from $73, in light of Published 04 Dec, 2014 11:37am
Energy South African stocks up as weaker rand lifts MTN, but Sasol hammered JOHANNESBURG: South African stocks ticked higher on Wednesday as a weaker rand lifted companies with overseas businesses Published 03 Dec, 2014 04:10pm
Energy Qatar sets Nov Marine crude OSP at $74.35/bbl, lowest in 4 SINGAPORE: Qatar has set its November retroactive official selling price (OSP) for its Marine crude at $74.35 a barrel, Published 03 Dec, 2014 07:57am
Energy South Africa's petrol price to drop by 5.2pc on December 5 JOHANNESBURG: The retail price of 95-grade petrol in South Africa will drop by 69 cents or 5.2 percent a litre from next Published 28 Nov, 2014 01:07pm
Middle East Africa Energy Qatar oil minister says sees OPEC harmony, no crisis VIENNA: Qatar Oil Minister Mohammed al-Sada said on Thursday that he sees harmony among OPEC members and does not see a Published 27 Nov, 2014 09:49am
Energy Saudi's Naimi says oil market will stabilise eventually VIENNA: Saudi Arabian Oil Minister Ali al-Naimi told reporters on Wednesday that he believed the oil market "will stabil Published 26 Nov, 2014 07:46am
Energy Saudi Aramco says cyclicality of oil markets won't affect long-term strategy DUBAI: The cyclicality of oil markets won't take Saudi Aramco's long-term corporate strategy off track, its Chie Published 24 Nov, 2014 06:53am
Energy US says welcomes oil deal between Iraqi Kurdistan and Baghdad ISTANBUL: The United States welcomes an agreement between Iraq's central government in Baghdad and its northern Kurd Published 22 Nov, 2014 09:32am
Energy Gulf to reject OPEC cuts to guard oil market share KUWAIT CITY: Gulf oil producers led by Saudi Arabia will likely reject output cuts at an OPEC meeting next week unless t Published 20 Nov, 2014 04:07am
Energy Saudi crude oil exports edge up to 6.72mn bpd in Sept DUBAI: OPEC heavyweight Saudi Arabia's crude oil exports edged up in September by around 59,000 barrels per day (bpd Published 18 Nov, 2014 11:49am
Energy Iran oil minister slams producers for not cutting output DUBAI: Iran's oil minister accused some countries on Sunday of making up excuses to justify their refusal to stabili Published 16 Nov, 2014 12:36pm
Middle East Africa Energy Iraq's southern oil output averaging about 3mn bpd BAGHDAD: Iraq's current southern oil output and export levels, given by the country's oil minister on Saturday, Published 15 Nov, 2014 03:55pm