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Results for
oil
2,245 Results-
UK government lifts moratorium on energy fracking to boost oil, gas output
Britain on Thursday lifted a moratorium on fracking, a controversial method to dig for fossil fuels, in order to boost oil and gas output after ... Energy -
Kuwait Oil Company aims to boost natural gas output to meet local demand: Acting CEO
Kuwait Petroleum Corporation’s (KPC) chief executive said on Sunday the Gulf state currently produces more than 2.8 million barrels per day of oil in ... Energy -
India emerges as new major player in Russian oil market once dominated by China
India has pushed into a corner of the Russian oil market once dominated by China, taking a record number of shipments of a Far Eastern grade as the ... Energy -
Iraq can redirect more crude exports to Europe if needed: SOMO source
Iraq’s state-owned marketer SOMO can redirect more crude oil exports to Europe if required, a company source told Reuters on Tuesday. SOMO ... Energy -
Iran tanker retrieves oil cargo seized by US, set to leave Greece
An Iranian-flagged tanker has retrieved an oil cargo which the United States had confiscated and is set to leave Greece, sources familiar with the ... Middle East -
Global oil demand has recovered close to pre-pandemic levels: Russia’s Novak
Global oil demand has almost recovered to pre-pandemic levels, Russian Deputy Prime Minister Alexander Novak told state TV channel Rossiya-24 after ... Energy -
G7 looking at options to restrict profits on Russian oil
The G7 is looking at all options to prevent Russia from profiteering from high energy prices, including blocking the transportation of Russian oil ... Energy -
US hopes for global price cap on Russian oil by December
The United States hopes to see a global price cap on Russian oil introduced by December, US Deputy Treasury Secretary Wally Adeyemo said on ... World News -
US talks with India on price cap on Russian oil ‘encouraging’: Treasury chief Yellen
US Treasury Secretary Janet Yellen described as “encouraging” talks with India about a proposed price cap on Russian oil that Washington is pushing to ... Energy -
US not expecting Saudi Arabia to immediately boost oil production
The United States is not expecting Saudi Arabia to immediately boost oil production and is eyeing the outcome of the next OPEC+ meeting on August 3, a ... Gulf -
Russia warns that G7 move to cap oil price risks higher prices
Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that attempts by the Group of Seven to cap oil prices may in fact cause them to ... Energy -
Russia seizes control of Sakhalin gas project, raises stakes with West
President Vladimir Putin has raised the stakes in an economic war with the West by signing a decree to seize full control of the Sakhalin-2 gas and ... World News -
Ecuador cuts gasoline prices in latest concession after two weeks of protests
Ecuadorean President Guillermo Lasso said on Sunday he would cut prices for gasoline and diesel by 10 cents a gallon, the latest concession to try to ... Energy -
Kuwait's state oil company seeks to borrow up to $1 bln
The state-owned Kuwait Petroleum Corporation is seeking to borrow up to $1 billion from banks including HSBC and JPMorgan, according to a ... Energy -
Oman oil discoveries to boost production by up to 100,000 barrels: Minister
Oman has made new oil discoveries that will raise its production by 50,000 to 100,000 barrels in the coming two to three years, the state news agency ... Gulf -
Iran’s energy export revenue up 60 pct in March-May vs year ago: Oil ministry media
Iran’s energy export revenue is 60 percent higher in the first two months of the Iranian year (March 21 to May 21) compared to the same period a year ... Energy -
Iraq currency reserves expected to exceed $90 bln by year-end, boosted by oil revenue
Iraq’s currency reserves are expected to exceed $90 billion by the end of the year, from $70 billion in April, bolstered by higher oil prices, the ... Economy -
EU oil embargo 'in days' as Ukraine isolation drives Russia closer to China
The European Union will likely agree an embargo on Russian oil imports “within days”, according to its biggest member Germany, as Moscow said it saw ... World News -
Russian oil output rising in May, Deputy PM Novak says
Russia’s oil output rose in early May from April and production has stabilized, Deputy Prime Minister Alexander Novak said on Monday, news agencies ... Energy -
Japan to take time phasing out Russian oil imports, says PM Kishida after G7 ban
Japan will take time to phase out Russian oil imports after agreeing on a ban with other Group of Seven (G7) nations to counter Moscow’s invasion of ... Energy -
Saudi Arabia lowers Arab Light crude oil price to Asia, Europe in June
Saudi Arabia’s lowered the price of its Arab Light crude grade to Asia and Europe for the month of June, according to a pricing document released by ... Energy -
Shell first quarter profit surges to $7.1 bn on high oil prices
British energy giant Shell on Thursday said its net profit jumped 26 percent in the first quarter as oil prices surged.Profit after tax leapt to $7.1 ... Energy -
EU leans towards Russian oil ban by year-end, prepares sixth sanctions package
The European Union is leaning towards a ban on imports of Russian oil by the end of the year, two EU diplomats said, after talks between the European ... Energy -
Ukraine war to affect MENA’s poor nations, boost oil-producing states: IMF
The war in Ukraine has “significantly” impacted the Middle East and North Africa, with the crisis dealing a heavy blow to low-income countries while ... Economy -
Russia’s Rosneft fails to sell oil in tender after demanding payment in rubles
Russia’s Rosneft failed to sell oil in a jumbo tender after demanding prepayment in rubles, five traders said on Monday, meaning the country’s top oil ... Energy -
Iraq can export more than 3.3 mln bpd from its southern ports: Oil minister
Iraqi oil minister Ihsan Abdul-Jabbar said Iraq can secure exports of more than 3.3 million barrels per day (bpd) from its southern ports, state news ... Energy -
UK orders fracking report, says all energy options on the table as prices shoot up
British business minister Kwasi Kwarteng on Tuesday ordered an expert report on the geological science of shale gas fracturing, saying all options ... Energy -
Biden administration considers largest ever release from emergency oil reserve
The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), ... Energy -
Russia can resolve financing issues with selling its oil: Deputy PM Novak
Russian firms have encountered problems in securing financing for April contracts to sell crude and oil products, but the situation can be resolved, ... Energy -
Shell to withdraw from Russian oil and gas over Ukraine invasion
Shell on Tuesday apologized for buying Russian crude oil last week and said it would withdraw completely from any involvement in Russian hydrocarbons ... Energy