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Results for
crude oil
98 Results-
Warfare technology aids rogue shipping companies evade maritime sanctions
Technology to hide a ship’s location previously available only to the world’s militaries is spreading fast through the global maritime industry as ... World News -
Iran will use any possible way to export its oil: SHANA
Iran will use every possible way to export its oil, Iranian Oil Ministry’s website SHANA quoted Oil Minister Bijan Zanganeh as saying on Sunday, ... Middle East -
Petronas-Saudi Malaysian refinery restarts CDU: Sources
Pengerang Refining and Petrochemical (PrefChem), a joint venture between Petronas and Saudi Aramco, has begun to restart a crude distillation unit ... Energy -
Oil prices surge after suspected tanker attack near Iran
Oil prices jumped as much as 4 percent on Thursday after a suspected attack on two tankers in the Gulf of Oman near Iran and the Strait of Hormuz, ... Energy -
Iran’s May crude exports slide to 400,000 bpd
Iranian crude exports have fallen sharply in May to around 400,000 barrels per day (bpd), tanker data showed and two industry sources said after the ... Energy -
Iran fails to find any buyers for crude offered on exchange
Iran failed to find any buyers on Monday, in its latest attempt to sell oil to private companies for export on the stock exchange, the ISNA news ... Energy -
Saudi Arabia: OPEC seeking ‘sufficient cut’ to balance oil market
OPEC is looking for a “sufficient” cut in oil production among its members in order to prop up plunging crude prices, Saudi Arabia's oil ... Energy -
IEA cuts outlook for global oil demand as crude nears $80 a barrel
Global demand for oil is likely to moderate this year, as the price of crude nears $80 a barrel and many key importing nations no longer offer ... Energy -
UAE oil minister: OPEC not targeting a certain oil price
OPEC producers are not targeting a certain oil price, United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Sunday. Speaking on ... Energy -
India says too early to predict sanctions impact on Iran imports
Indian Oil Minister Dharmendra Pradhan said on Saturday it was too early to predict the impact of US sanctions on his country’s imports of ... Energy -
Egypt’s crude oil output increases to 657,000 bpd
Egypt's crude oil output increased to 657,000 barrels per day (bpd) from 630,000 a year ago, the petroleum authority said on Tuesday. ... Economy -
Iraq testing operations in Kirkuk to enhance domestic crude supply
Iraq’s state-run North Oil Company (NOC) has begun testing operations at its Avana and Bai Hassan oilfields in Kirkuk to increase crude supply ... Energy -
California to block crude oil from Trump offshore drilling plan
California will block the transportation through its state of petroleum from new offshore oil rigs, officials told Reuters on Wednesday, a move meant ... Energy -
UAE’s ADNOC to invest $3.1 bln to upgrade Ruwais oil refinery
Abu Dhabi National Oil Company (ADNOC) said on Wednesday it was investing $3.1 billion to upgrade its Ruwais oil refinery to free up more crude for ... Energy -
Saudi-Emirati agreement to study extending the oil accord
Saudi Arabia's energy minister has agreed with his UAE counterpart on the possibility of considering extending the agreement to cut world oil supplies ... Energy -
Oil edges higher as OPEC boost offsets dent from US supply
Oil edged higher on Wednesday as OPEC said it was committed to eroding a global surplus of crude, but increasing shale production in the United States ... Energy -
SABIC net profits fall 5 pct in 2016
Saudi petrochemical giant SABIC’s net profits fell almost five percent last year, in part due to lower sales prices, the firm announced ... Energy -
Oil prices steady despite record US inventories
Oil prices steadied on Thursday as record crude and gasoline inventories in the United States dragged on prices, though OPEC supply cuts helped to ... Energy -
ADNOC restarts crude distillation at Ruwais West refinery
A fire at an olefins conversion unit resulted in the loss of half the capacity at the 800,000 barrels per day refinery Energy -
Oil rises further above $52 on tighter US fuel stocks
Global benchmark Brent rose 39 cents to $52.42 by 0859 GMT, with US crude up 57 cents at $51.01 Energy -
Oil prices fall as hopes of production freeze fade
OPEC will meet on the sidelines of the International Energy Forum in Algeria on Sept. 26 Energy -
Oil prices dip as dollar rallies on news of possible US rate hike
Brent crude last Thursday topped $50 a barrel for the first time this year as production disruptions eased short-term concerns about abundant global supplies Energy -
Brent creeps toward $50 as crude prices hit new 2016 highs
Wildfires burning around the oil sands hub of Fort McMurray in Alberta, Canada, have been rapidly moving north Energy -
Oil prices edge back from 2016 highs
US benchmark West Texas Intermediate slipped 11 cents to $45.92 a barrel on the New York Mercantile Exchange Business -
Oil prices plunge after Doha output talks fail
The collapse of Sunday’s talks sent oil tumbling in early Asia trade, with prices sliding as much as seven percent in opening deals Energy -
Oil falls on low expectations for Doha meeting
Oil producers led by top exporters Saudi Arabia and Russia will meet in Doha, Qatar, on Sunday to discuss freezing output Economy -
Oil down as Saudi Arabia casts doubt on output freeze
Saudi Arabia cast doubt whether key producers meeting would reach an agreement to freeze output to address a global supply glut Energy -
Iraq’s March oil exports from south 3.286 mln bpd: South Oil
The central government’s oil exports all come from the southern region currently as its shipments through a northern pipeline to Turkey have been halted Energy -
Iraq halts pumping oil from Kirkuk into Turkey pipeline
The order to halt pumping through the pipeline came from the oil ministry in Baghdad Energy -
Oil jumps as strong U.S. jobs growth spurs demand hopes
It was the second consecutive week of solid gains on the oil market Energy