French petrol stations well supplied, all refineries operating: Ministry

The French government said on Friday that all the country’s refineries were operating and petrol stations were well supplied, and denied French ...

Crisis-hit Lebanon faces petrol station strike

Petrol stations in Lebanon will begin an open-ended strike on Thursday nationwide, a union representative said on Wednesday amid the country’s ...

Petrol pumps shut down in protest-hit Lebanon over dollar shortage

Several petrol stations in protest-hit Lebanon stopped services Saturday, as reserves ran dry due to a shortage of US dollars to pay suppliers, a ...

Shell Egypt plans to sell upstream assets in Western Desert

Royal Dutch Shell is looking to sell its onshore upstream assets in Egypt’s Western Desert to focus on growing its offshore gas explorations in ...

First round of talks planned between Ecuadorian government and protestors

The first round of talks between the Ecuadorian government and indigenous groups protesting recently slashed fuel subsidies will take place on Sunday ...

Portuguese petrol stations run dry ahead of strike

Many Portuguese petrol stations were sold out Sunday after drivers rushed to fill up before a strike by fuel-tanker drivers kicks off at the height of ...

Occidental challenges Chevron with higher bid for Anadarko

Occidental Petroleum launched a counterbid Wednesday to acquire Anadarko Petroleum, challenging Chevron’s proposed takeover announced earlier ...

Libya’s NOC threatens to halt oil refinery over insecurity

Libya’s National Oil Corporation warned on Sunday it could be forced to suspend production at its Zawiya refinery due to growing security ...

As petrol prices sky-rocket Indians look for ways to ease the pain

Many Indians are switching off air conditioners in cars and going to gas pumps across state borders in a bid to save money, as petrol prices across ...

Sudan fuel shortage hikes black market prices

Black market fuel prices surged on Saturday in Khartoum and other Sudanese towns as petrol and diesel shortages forced residents to queue for hours ...

Carmakers change strategy as diesel vehicles drive to a dead end in India

With diesel vehicles destined to turn into fossilized dinosaurs following India’s swift switch to the electric era, carmakers are changing tack ...

KPC head: Kuwait looks for oil, gas acquisitions abroad

Kuwait aims to increase its oil and gas production and reserves through acquisitions of assets abroad as well as expanding its exploration efforts at ...

Oil tops $65, first time since 2015, on UK pipeline outage

Oil rose above $65 a barrel for the first time since mid-2015 on Tuesday after a shutdown of the UK’s biggest North Sea oil pipeline, which ...

Three Gulf countries set to increase petrol prices during October

The United Arab Emirates, Oman and Qatar will increase petrol and diesel prices during the month of October. UAE and Qatar increased prices of all ...

Oil holds gains, buoyed by stronger demand

Oil prices steadied on Thursday, holding on to recent gains after forecasts for stronger oil demand by the International Energy Agency (IEA). ...

Oman Oil to close $1 bln PXF loan imminently - source

State-owned Oman Oil expects to close imminently, within two months at the latest, a pre-export financing (PXF) loan of around $1 billion, a source ...

Trump plan to sell off half of oil stockpile sparks debate

President Donald Trump’s proposal to sell nearly half the US emergency oil stockpile is sparking renewed debate about whether the Strategic ...

Kuwait court backs government over petrol price hikes

Kuwait’s appeals court ruled on Sunday that a government decision to raise petrol prices was in line with the constitution, overturning a ...

Protesters agree to end blockade of western Libya oilfield pipelines

Protesters blockading pipelines to Libya’s Sharara and El Feel oil fields have promised to reopen them and production could restart

New fighting erupts over Libya oil ports

The fighting between the forces of the rival governments is the latest escalation of turmoil

Oil prices down as OPEC fans oversupply fears

Traders are keeping watch on the Federal Reserve ahead of a policy meeting next week, with speculation rife that it could lift borrowing costs

Iraq exports more cargoes of LPG, condensates

The OPEC nation this year began exporting LPG and condensates from gas associated with oil produced at its southern fields

Former US Secretary of State praises Saudi Aramco IPO plans

Saudi Arabia, the world’s largest crude exporter, replaced its energy minister last weekend as part of a major economic shakeup

Kuwait inks contracts to import 2.5 mn tonnes of gas a year

Kuwait’s state-run oil firm has signed contracts to import 2.5 million tonnes of liquefied natural gas a year through 2020

Iraq’s new export to the world: liquid gas

In Iraq, which has the world’s fourth largest oil reserves, revenues from the black gold make up nearly 95 percent of its budget

Egypt and Saudi Arabia set to ink petroleum, investment deals

The signing is expected to take place in Riyadh during the fifth and final meeting of the Saudi-Egyptian Coordination Council today

Saudi oil output steady in Feb after preliminary freeze deal

Saudi Arabia produced 10.23 million bpd of crude in January, close to a record high

Meet Cairo’s female petrol pump attendants

Venezuela to raise petrol prices by 6,000 percent

A similar gasoline price hike in 1989 sparked deadly riots in the volatile nation

Qatar hikes petrol prices by 30 percent

The surprise hike comes into force from midnight (2100 GMT) and has immediately led to queues at some petrol stations in Qatar