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Drones hit three tankers in Black Sea as Kazakh oil production plummets

MOSCOW/ATHENS/LONDON: Three Greek-managed oil tankers were hit by unidentified drones in the Black Sea on Tuesday as...

Published 14 Jan, 2026 05:56am

World

EU plans changes to sustainability law as US, Qatar increase pressure

The European Parliament agreed on Wednesday to consider further changes to the EU’s corporate sustainability rules,...

Published 23 Oct, 2025 12:31am

World

Qatar, in the firing line again, tries to balance diplomatic and business ambitions

DOHA: Israel’s strikes targeting Hamas in Doha, hot on the heels of an Iranian hit on a U.S. base in the Gulf nation...

Published 11 Sep, 2025 01:01pm

Markets

Qatar eyes more long-term gas supply deals this year

DOHA: Qatar expects to sign more long-term natural gas supply deals this year to meet growing international demand,...

Published 15 May, 2024 05:07pm

Business & Finance

QatarEnergy acquires stake in two Egypt offshore blocks

DOHA: QatarEnergy said Sunday it had acquired two offshore gas exploration blocks from Egypt with a 40-percent...

Published 13 May, 2024 06:08am

Markets

Chevron’s $53bn Hess buyout threatened by rival oil giants

NEW YORK: Chevron disclosed Monday that its proposed $53 billion acquisition of fellow American firm Hess could be...

Published 27 Feb, 2024 11:25am

World

Record more than 2,000 fossil fuel lobbyists at COP28 talks: NGOs

PARIS: A record almost 2,500 fossil fuel lobbyists have been accredited for UN climate talks in Dubai, as...

Published 05 Dec, 2023 10:26am

Business & Finance

ExxonMobil profits fall on lower crude prices, touts fossil fuel deal

NEW YORK: ExxonMobil reported lower profits Friday compared with the year-ago blowout quarter as the oil giant...

Published 27 Oct, 2023 05:29pm

Markets

Oil majors still profitable even if super-profits gone

PARIS: From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits...

Published 07 Aug, 2023 06:34am

Business & Finance

ExxonMobil, Chevron report higher profits despite oil price dip

NEW YORK: US oil giants ExxonMobil and Chevron reported another quarter of heady profits Friday as both companies...

Published 02 May, 2023 05:59am

Business & Finance

With profit of $56bn Exxon smashes all industry records

HOUSTON: Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about...

Published 06 Feb, 2023 07:28am

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Politics, cash, fame: what motivates climate change deniers

Right-wing ideologues funded by fossil fuels, fame-seeking narcissists and doubt mongers monetising their content ...

Published 01 Feb, 2023 05:58am

Business & Finance

ExxonMobil reports record profits of $55.7bn in 2022

NEW YORK: ExxonMobil reported record annual profits of $55.7 billion in 2022 on Tuesday, reflecting higher commodity...

Published 31 Jan, 2023 06:20pm

Markets

West African crude

LONDON: Offers for some varieties of West African crude climbed on Thursday on relatively high refining margins in...

Published 27 Jan, 2023 06:15am

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UN chief slams oil firms for ‘big lie’ on global warming

DAVOS: UN Secretary-General Antonio Guterres skewered oil firms on Wednesday for having “peddled the big lie”...

Published 19 Jan, 2023 05:58am

Markets

Asia’s re-grade hits three-week high on sell-off

SINGAPORE: Asia’s re-grade, also known as the discount between jet fuel and 10 ppm sulphur gasoil, widened to a...

Published 13 Jan, 2023 06:05am

Markets

Wall Street surges to sharply higher close ahead of Fed week

NEW YORK: A robust, broad-based rally sent Wall Street to a sharply higher close on Friday as encouraging economic...

Published 31 Oct, 2022 05:55am

Markets

ONGC signs agreement with ExxonMobil for deepwater exploration in India

BENGALURU: Indian oil explorer and producer Oil and Natural Gas Corp said on Wednesday it signed a Heads of...

Published 17 Aug, 2022 06:45pm

Markets

European, US stocks rise despite latest inflation data

NEW YORK: Despite fresh data showing the persistence of inflation, European stocks advanced following a...

Published 01 Aug, 2022 05:54am

Markets

Shell joins Qatar’s giant gas project

DOHA: Shell joined Qatar Energy’s $29 billion project to expand production at the world’s biggest natural gas...

Published 06 Jul, 2022 07:11am

Markets

Shell joins Qatar’s giant gas project

DOHA: Shell joined Qatar Energy’s $29 billion project to expand production at the world’s biggest natural gas field...

Published 05 Jul, 2022 06:18pm

World

Qatar, Egypt cement rapprochement on emir’s Cairo visit

CAIRO: Egypt’s leader on Saturday discussed energy and investment with Qatar’s emir, who was in Cairo for the...

Published 26 Jun, 2022 05:44am

Markets

US stocks retreat as Powell cautions on inflation

NEW YORK: Wall Street stocks fell early Wednesday, giving back some of the prior session’s gains as markets awaited...

Published 22 Jun, 2022 08:13pm

Markets

Oil turbulence could last five years, ExxonMobil boss warns

DOHA: Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said...

Published 22 Jun, 2022 08:12am

Markets

Exxonmobil CEO expects tight oil market to last years

DOHA: ExxonMobil CEO Darren Woods on Tuesday said it would take time for energy market volatility to end and that he...

Published 21 Jun, 2022 07:15pm

Markets

Biden says ExxonMobil ‘made more money than God’

LOS ANGELES: President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices...

Published 12 Jun, 2022 08:24am

Markets

Boosted by oil prices, ExxonMobil, Chevron throw cash at investors

NEW YORK: ExxonMobil and Chevron reported soaring profits Friday despite lower oil and natural gas volumes as the...

Published 02 May, 2022 06:53am

Markets

Wall Street slips on global slowdown worries

NEW YORK: US stock indexes fell on Monday, extending a sharp selloff from last week as fears over China’s COVID-19...

Published 26 Apr, 2022 05:20am

Business & Finance

ExxonMobil, Apple, Boeing latest US giants to cut ties with Moscow

NEW YORK: Apple, ExxonMobil and Boeing announced Tuesday in rapid succession steps to withdraw or freeze business in...

Published 02 Mar, 2022 10:42am

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Oil majors face backlash as era of big profits returns

Soaring energy prices have brought massive profits to oil majors — along with fierce criticism from...

Published 14 Feb, 2022 06:47am