Results for
oil
2,291 Results-
Germany snapping up refined oil products from India amid Russia sanctions: Data
German imports of refined oil products from India soared in the first seven months of the year, official data showed on Tuesday, much of which was ... Energy -
Oman posts $1.7 bln budget surplus in first half of 2023 based on moderate oil price
Oman posted a budget surplus of $1.71 billion (656 million rials) at the end of the first half of 2023, compared with 784 million rials in the same ... Economy -
Saudi Aramco says Q2 profits drop 38 pct on lower prices: Statement
Oil firm Saudi Aramco on Monday announced profits of $30.08 billion for the second quarter, a sharp fall from the same period last year when prices ... Energy -
Settling $10 bln Iran gas debt: Iraq’s creative solution amid US sanctions
Iraq’s prime minister said on Tuesday Baghdad is in contact with the United States on settling outstanding debts of $10 billion the country owes Iran ... Middle East -
Saudi Arabia’s economy grows 1.1 pct in second quarter, boosted by non-oil activities
Saudi Arabia’s gross domestic product (GDP) grew 1.1 percent in the second quarter, according to government estimates released on Monday, supported by ... Economy -
Low-profile traders help ship half Russia’s oil exports to India, China
A Liberian-flagged oil tanker set sail in May from Russia’s Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong ... Energy -
Libya’s Sharara oilfield faces gradual shutdown as production halts by Friday
Oil production in Libya’s Sharara oilfield gradually shut on Thursday and production will totally shut down by Friday, two engineers in the oilfield ... Middle East -
Fire extinguished at Angarsk oil refinery in Russia's Siberia: Governor
A fire that broke out in the early hours of Wednesday at an oil refinery in the Siberian city of Angarsk has been extinguished, the governor of the ... World News -
Saudi Arabia to extend voluntary cut of 1 mln bpd to August
Saudi Arabia will extend its voluntary cut of one million barrels per day (bpd) for another month to include August, the Saudi Press Agency (SPA) ... Saudi Arabia -
China economic recovery loses momentum with weak consumer spending data
China’s consumer-driven recovery is showing more signs of losing momentum as spending slows on everything from holiday travel to cars and homes, ... Economy -
Britain brings in price floor to North Sea windfall tax
Britain said on Friday a windfall tax on oil and gas producers would run until 2028 but the 75 percent level would almost half if prices returned to ... Energy -
Parliament elections begin in Kuwait amid hopes of ending stalemate
Voters on Tuesday will head to the polls in Kuwait’s seventh legislative election in just over a decade, following repeated political crises that have ... Gulf -
Russia’s rupee trap is adding to $147 bln hoard stuck abroad since Ukraine invasion
A lopsided trade relationship with India is forcing Russia to accumulate up to $1 billion each month in rupee assets that remain stranded outside the ... Economy -
Oil revenue lifts Oman to $1.2 bln budget surplus in first quarter
An increase in net oil revenue of 9 percent in the first quarter on higher oil prices and increased production helped Oman to a budget surplus of 450 ... Energy -
OPEC+ additional voluntary cuts aimed to balance oil market: UAE energy minister
The United Arab Emirates’ energy minister Suhail al-Mazrouei said on Monday that additional voluntary cuts by the OPEC+ producer group were ... Energy -
Turkey discovers 1 bln barrels of oil in field of southeast province of Sirnak
Turkey has discovered 1 billion barrels of oil in a field in the southeast province of Sirnak, Turkish Petroleum (TPAO) said late on Wednesday, in ... Energy -
Gulf to see slower pace of growth in 2023 on lower oil revenues
Gulf Cooperation Council (GCC) economies will grow at a much slower pace in 2023 than last year as expectations for muted gains in crude prices and ... Economy -
Oil giant TotalEnergies confirms deal with Iraq on $27 bln energy project
French oil major TotalEnergies confirmed it had reached an agreement with the Iraqi government on a long-delayed $27 bil-lion energy project, reviving ... Energy -
Kuwait Oil Company declares ‘state of emergency’ after oil spill
The Kuwait Oil Company declared a “state of emergency” on Monday following an oil spill on land, but said no injuries or disruption to production had ... Gulf -
US wants hike in oil production, including from OPEC: Official
The United States wants to see a hike in oil production, including from OPEC countries, said a senior State Department official Monday.“As world ... Energy -
CO2 emissions edge up to record high in 2022, even as clean tech offsets rise: IEA
Global energy-related emissions of carbon dioxide hit a record high last year, although more clean technology such as solar power and electric ... Energy -
IEA pulls up fossil fuel industry over failure to fix methane leaks
The fossil fuel industry is failing to tackle methane emissions despite its pledges to uncover and fix leaking infrastructure, according to a report ... Energy -
Russia Deputy PM Novak: EU price cap exemptions show our oil is still in demand
Russian Deputy Prime Minister Alexander Novak said on Wednesday that European Union moves to add what he called “exemptions” to its price cap on oil ... Energy -
How India turns Russia crude into the West’s fuel
India is playing an increasingly important role in global oil markets, buying more and more cheap Russian oil and refining it into fuel for Europe and ... Energy -
Shell profit more than doubles to record $40 bln, following surge in energy prices
Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices ... Energy -
Pakistan govt lifts petrol, diesel prices before visit by IMF mission
Pakistan’s ministry of finance announced on Sunday petrol and diesel prices would rise by 35 rupees ($0.1400) a litre after the country’s currency ... Economy -
Uganda to unveil first commercial oil drilling program targeting output in 2025
Uganda will commission on Tuesday the first of its four planned oil drilling rigs and start drilling the first production well, its petroleum agency ... Energy -
G7 agrees to review level of price cap on Russian oil in March: US Treasury
Group of Seven officials have agreed to review the level of the price cap on exports of Russian oil in March, later than originally planned in order ... World News -
Russia works on measures to curb discounts on its oil prices
The Russian energy ministry said on Tuesday it has been working on additional measures to limit discounts to international benchmarks on Russian oil ... World News -
Saudi Arabia cuts oil prices for Asia, Europe as demand slows, COVID-19 cases surge
Saudi Arabia cut oil prices for its main market of Asia and for Europe, signaling that demand remains sluggish as economies slow and COVID-19 cases in ... Energy