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, ...
Pengerang Refining and Petrochemical (PrefChem), a joint venture between Petronas and Saudi Aramco, has begun to restart a crude distillation unit ...
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, ...
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 ...
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 ...
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 ...
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 ...
OPEC producers are not targeting a certain oil price, United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Sunday. Speaking on ...
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 ...
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. ...
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 ...
California will block the transportation through its state of petroleum from new offshore oil rigs, officials told Reuters on Wednesday, a move meant ...
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 ...
Saudi Arabia's energy minister has agreed with his UAE counterpart on the possibility of considering extending the agreement to cut world oil supplies ...
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 ...
Saudi petrochemical giant SABIC’s net profits fell almost five percent last year, in part due to lower sales prices, the firm announced ...
Oil prices steadied on Thursday as record crude and gasoline inventories in the United States dragged on prices, though OPEC supply cuts helped to ...
A fire at an olefins conversion unit resulted in the loss of half the capacity at the 800,000 barrels per day refinery
Global benchmark Brent rose 39 cents to $52.42 by 0859 GMT, with US crude up 57 cents at $51.01
OPEC will meet on the sidelines of the International Energy Forum in Algeria on Sept. 26
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
Wildfires burning around the oil sands hub of Fort McMurray in Alberta, Canada, have been rapidly moving north
US benchmark West Texas Intermediate slipped 11 cents to $45.92 a barrel on the New York Mercantile Exchange
The collapse of Sunday’s talks sent oil tumbling in early Asia trade, with prices sliding as much as seven percent in opening deals
Oil producers led by top exporters Saudi Arabia and Russia will meet in Doha, Qatar, on Sunday to discuss freezing output
Saudi Arabia cast doubt whether key producers meeting would reach an agreement to freeze output to address a global supply glut
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
The order to halt pumping through the pipeline came from the oil ministry in Baghdad
It was the second consecutive week of solid gains on the oil market
State-run firm PDVSA faces around $5.2 billion in payments to bondholders in 2016.
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