POL in 9MFY24 During the nine months of FY24, the oil production by the exploration and production sector in the country witnessed... Published 29 Apr, 2024 07:40am
Business & Finance Iran inks big contracts to increase oil production TEHRAN: Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil... Updated 18 Mar, 2024 08:55am
Markets Iran inks big contracts to increase oil production TEHRAN: Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil... Published 17 Mar, 2024 08:21pm
Markets Oil rises on Middle East tensions, interest rates curb gains HOUSTON: Oil prices rose on Tuesday as tensions in the Middle East stoked future supply concerns, but gains were... Updated 13 Feb, 2024 09:36pm
Markets Iraq committed to OPEC, will not produce more than 4mn bpd: minister BAGHDAD: Iraq is committed to OPEC decisions and after its second voluntary cut announced in December it is also... Published 12 Feb, 2024 05:02pm
Business & Finance Saudi Aramco halts plan to raise production capacity: statement RIYADH: Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels... Published 30 Jan, 2024 12:08pm
Business & Finance Angola to quit OPEC over oil production quotas disagreement LUANDA: Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil... Published 22 Dec, 2023 05:22am
World IMF says lower oil production will reduce Iraq’s GDP growth in 2023, 2024 DUBAI: The International Monetary Fund said Iraq faces lower GDP growth in 2023 and 2024 as a result of lower oil... Published 19 Dec, 2023 08:30pm
Markets OPEC+ talks tough, policy rollover possible, sources say LONDON: OPEC+ talks on oil policy are difficult, making a rollover a possibility rather than deeper production cuts... Published 28 Nov, 2023 07:19pm
Markets Indian Oil to double Ennore LNG terminal’s capacity to 10mn tpy NEW DELHI: Indian Oil Corp, the country’s top refiner, aims to double the capacity of its liquefied natural gas... Published 24 Nov, 2023 02:40pm
Markets Oil prices steady ahead of OPEC+ oil production decision Global benchmark Brent crude oil hovered above $81 a barrel on Friday ahead of next week’s OPEC+ meeting, which... Updated 24 Nov, 2023 10:31pm
BR Research MARI – earnings soar in 1QFY24 The oil and gas exploration and production sector has seen some respite in production volumes in the ongoing fiscal... Published 27 Oct, 2023 08:07am
World Nigeria wins multi-billion-dollar damages appeal LONDON: Nigeria won an appeal on Monday to overturn a multi-billion-dollar damages bill in a long-running ... Published 24 Oct, 2023 05:05am
Markets Oil prices fall again; demand worries outweigh tight supply HOUSTON: Oil prices dipped on Thursday as an uncertain demand outlook overshadowed an OPEC+ decision to maintain oil... Updated 05 Oct, 2023 08:45pm
Markets Oil falls more than $3 on demand fears, Saudi confirms cuts to year-end Brent trades at lowest since September 1 during the session, with an intraday low of $87.55 a barrel Updated 04 Oct, 2023 08:12pm
World New business helps rebound in Saudi non-oil activity in Sept DUBAI: Growth in non-oil business activity in Saudi Arabia accelerated in September from an 11-month low the... Published 03 Oct, 2023 10:16am
Markets Oil steadies amid strong US dollar, mixed supply cues LONDON: Oil prices were little changed on Tuesday, after falling to a three-week low in the previous session, amid a... Updated 03 Oct, 2023 08:07pm
Markets Saudi Arabia to tap international debt markets as deficits return RIYADH: Saudi Arabia is expected to tap the international debt markets to finance a projected budget deficit in... Published 01 Oct, 2023 05:25pm
Markets Shell seeks partners for renewable assets in India LONDON: Shell is seeking partners to invest in renewable assets developed and operated by its Indian business Sprng... Published 21 Sep, 2023 05:05pm
Markets Oil rebounds to climb $1 as Russia bans most fuel exports LONDON: Oil prices rebounded from $1 down to $1 up in trading on Thursday, after a Russian ban on fuel exports... Updated 21 Sep, 2023 07:37pm
Markets OGDCL sees significant oil & gas production increase in KPK well Nashpa Well-10 is situated within the Nashpa Development and Production Lease in the Karak district of the Khyber Pakhtunkhwa province Updated 13 Sep, 2023 04:24pm
Markets OPEC says oil production increases slightly in August VIENNA: Oil production among the 13-member Organization of the Petroleum Exporting Countries (OPEC) increased... Published 12 Sep, 2023 07:52pm
Markets UAE says OPEC+ taking adequate measures for oil market stability GOA: The OPEC+ bloc is taking adequate measures for the stability of the oil market, United Arab Emirates Energy... Updated 22 Jul, 2023 05:42pm
Markets OPEC sees 2.2 pct oil demand growth in 2024 despite headwinds LONDON: OPEC on Thursday raised its forecast for oil demand growth for 2023 and predicted only a slight slowdown in... Published 13 Jul, 2023 06:13pm
Markets UAE climate chair urges oil firms to slash emissions PARIS: The Emirati oil executive chairing this year’s UN climate summit, Sultan Al Jaber, told private and national... Published 06 Jul, 2023 04:48pm
Markets India, Iraq discuss ways to expand oil trade NEW DELHI: India aims to expand its annual oil purchases from Iraq from 1 billion barrels currently, Oil Minister... Published 20 Jun, 2023 06:03pm
Business & Finance Shell boosts dividend, steadies oil output under new CEO’s plan LONDON: Shell said it will ramp up its dividend and share buybacks while keeping oil output steady into 2030, as CEO... Published 19 Jun, 2023 06:54am
Markets OPEC oil demand forecast holds steady as economic clouds gather LONDON: OPEC left its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday, though the... Published 13 Jun, 2023 05:47pm
Markets IMF says Saudi Arabia growth to slow to 2.1% in 2023 on oil production cuts DUBAI: The International Monetary Fund (IMF) expects growth in Saudi Arabia to slow to 2.1% in 2023 on the back of... Published 07 Jun, 2023 08:04pm
Markets OPEC+ begins meetings which may agree further output cuts LONDON: OPEC and its allies begin two days of meetings on Saturday which may culminate in further production cuts of... Published 03 Jun, 2023 03:23pm
