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Results for

crude oil

98 Results
  • Warfare technology aids rogue shipping companies evade maritime sanctions

    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 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

    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 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

    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 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

    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

    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

    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

    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 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 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 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

    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-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 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

    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 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

    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

    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

    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

    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

    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

    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

    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 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

    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

    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

    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

    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
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