Results for
Oil
1,013 Results-
Saudi Arabia will extend voluntary 1 mbpd oil output cut to end-March
Saudi Arabia will extend its voluntary oil output cut of 1 million barrels a day through the end of March, Saudi Press Agency (SPA) said on Thursday, ... Saudi Arabia -
OPEC+ ministers meet to discuss additional oil output cuts
The OPEC+ alliance of oil producers will consider additional production cuts for next year to support crude prices in virtual meetings on Thursday, ... Energy -
Sultan al-Jaber highlights oil industry’s climate goals, accountability in question
The COP28 President-designate highlighted the significance of emissions targets set by oil and gas companies during a press meeting on Wednesday, but ... Gulf -
Kremlin: No plan for Putin call with Saudi Crown Prince before OPEC+ meeting
The Kremlin said on Tuesday that there were no plans for contacts between President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman prior to ... Energy -
Oil prices tumble nearly 4pct as OPEC+ meeting delayed
Oil prices tanked nearly 4 percent on Wednesday as OPEC+ producers delayed a meeting on output planned for Sunday, raising questions about the future ... Energy -
Oil edges lower on caution ahead of OPEC+ meeting
Oil prices ended near flat on Tuesday after rallying for two sessions, with investors cautious ahead of Sunday’s scheduled OPEC+ meeting, when the ... Economy -
Oil prices rise on expectations of further OPEC+ supply cuts
Oil futures rose more than $1 on Monday, extending gains on the prospect of OPEC+ deepening supply cuts to shore up prices after four weeks of decline ... Energy -
ADNOC Gas reports 4 percent dip in Q3 amid falling prices
State oil giant Abu Dhabi National Oil Company’s gas unit, ADNOC Gas, said on Tuesday its third-quarter net profit fell 4 percent from the ... Economy -
Nigeria’s NNPC restores 275,000 bpd in joint venture with TotalEnergies
Nigeria’s state oil firm NNPC Ltd said on Sunday it had restored 275,000 barrels per day (bpd) of oil production at its joint venture unit with ... Energy -
Saudi Aramco profits down 23 pct on lower oil prices, production cuts
Energy giant Saudi Aramco on Tuesday posted a 23 percent year-on-year drop in profits for the third quarter, the result of lower oil prices and ... Energy -
Oil prices tick upwards after Saudi Arabia, Russia stick to voluntary output cuts
Oil prices edged up on Monday as top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the ... Energy -
India may buy Venezuelan oil if it’s cheap, minister says
We will buy from wherever we can get cheaper oil, India oil minister says World News -
Guyana asks ICJ to stop Venezuelan referendum over oil region “Essequibo”
A ‘significant’ new oil discovery in Essequibo, Guyana announces World News -
COP28 president urges countries to find common ground on fossil fuels
The United Arab Emirates President of COP28 on Monday urged countries to seek “common ground” to resolve disagreements over the future of fossil fuels ... Gulf -
Saudi Arabia makes significant progress cutting emissions in tourism, new report says
A new report measuring the environmental impact of tourism shows that Saudi Arabia has made significant progress in a ten-year period, a positive sign ... Saudi Arabia -
Oil prices dip amid flurry of weak European economic data
Fossil fuel demand to peak by 2030 based on governments’ current policies, International Energy Agency says Energy -
Oil hits $93 as Middle East strife heightens supply concerns
Global oil benchmark Brent hit $93 a barrel on Wednesday as the risk of escalating conflict in the Middle East threatened to disrupt oil supplies from ... Energy -
UK police charge youth activist Greta Thunberg after climate protest arrest
UK police on Wednesday charged Swedish climate campaigner Greta Thunberg with a public order offence, following her detention at a protest outside an ... World News -
UAE’s Crescent Petroleum launch deals to develop three oil and gas fields in Iraq
Crescent Petroleum will help Iraq to stop gas flaring and use the processed gas to generate electricity, Iraqi oil minister says Energy -
Oil likely to hit $100 on Middle East turmoil, say traders
The deputy CEO of commodity trader Mercuria, Magid Shenouda, said on Wednesday that oil could go to $100 a barrel if the situation in the Middle East ... Energy -
Oil prices jump as fears of wider Middle East turmoil roils markets
Oil prices surged more than 2 percent on Monday as military clashes between Israel and the Palestinian group Hamas ignited fears of a wider conflict ... Energy -
Iraq sets January deadline for oil firms in new licensing rounds
Iraq has set a January 2024 deadline for international energy companies to submit formal letters of intent to take part in its so-called “fifth plus” ... Energy -
Blast at illegal Nigerian oil refinery kills 37 people
At least 37 people, including two pregnant women, were burned to death after a blast at an illegal oil refinery in southern Nigeria, a local security ... World News -
Oil price above $100 won’t be in ‘anyone’s interest’: Indian minister
India will manage if the price of oil goes above $100 per barrel even though such a price would not be in “anyone’s interest,” the country’s petroleum ... Energy -
Energy companies support 2050 net-zero goal, UAE oil executive says
COP28 president Sultan al-Jaber said that more than 20 oil and gas companies had positively answered calls to align around net zero by 2050. Gulf -
Russian economy to grow in 2023: European development bank
The European Bank for Reconstruction and Development on Wednesday said it expected Russia’s economy to grow in 2023 thanks to rising oil prices, ... World News -
MBS says rise in oil prices based on market stability, not meant to help Russia
Saudi Crown Prince Mohammed bin Salman said in a US television interview on Wednesday that OPEC’s decision to cut oil production was based on market ... Saudi Arabia -
Saudi energy minister says OPEC+ cuts were needed to stabilize oil market
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman on Monday defended OPEC+ cuts to oil market supply, saying international energy markets ... Energy -
Iraq-Turkey oil pipeline ready to resume operations soon: Minister
Iraq’s northern oil export route through Turkey will soon be ready to resume operation after checks on pipeline maintenance and repairs to flood ... Middle East -
Oman’s new Duqm refinery ships first diesel cargo during trial runs: Report
Oman’s new Duqm oil refinery shipped out its first diesel cargo on Tuesday amid trial runs at the complex, the latest facility in the Middle East to ... Energy