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23:34, 26 June 2017 Monday
13:23, 24 June 2017 Saturday

European equities dip as oil steadies

Bourses in both Paris and Frankfurt dipped after a report from data monitoring company IHS Markit showed Eurozone private sector business activity slowed sharply in June while staying in expansion mode.

14:35, 20 June 2017 Tuesday

Malaysia tackles tanker oil spill

The MT Putri Sea, registered in Malabo, Equatorial Guinea, went down on Thursday in a busy shipping lane off the southern state of Johor, near Singapore.

12:09, 19 June 2017 Monday

Weapons found after shots fired in oil field Saudi

Three small boats entered Saudi territorial waters at about 8:30 pm on Friday and "headed at speed towards platforms of (the) Saudi oil field of Marjan", a government statement said.

15:58, 13 June 2017 Tuesday

US oil output hampering market rebalancing

While a "rebalancing of the market" was "underway," it was "at a slower pace than originally anticipated," the Organization of Petroleum Exporting Countries wrote in its latest monthly oil market report.

05:40, 08 June 2017 Thursday

Oil prices plunge to one-month low after US stocks rise

US crude inventories rose 3.3 million barrels, while market expected a 3.5 million barrels of decline

12:29, 05 June 2017 Monday

Turkish oil refiner tops production-sales list

TUPRAS named as Turkey's biggest industrial enterprise with $9.3 billion in sales acquired from production in 2016

17:40, 30 May 2017 Tuesday

Putin talks Syria oil with powerful Saudi prince

Oil producers within and outside the OPEC cartel last week agreed to extend a November accord to cut crude production by nine months in a move spearheaded by Moscow and Riyadh.

15:26, 19 May 2017 Friday

Senegal s PM endorses French oil giant Total

Contract between Total and government is transparent and legal, Mohamed Dione says

08:35, 19 May 2017 Friday

US oil output back near records challenging OPEC

Analysts estimate that every dollar that oil prices rise between $45 and $55 a barrel results in an additional 1.2 billion barrels that become economic to produce.

17:10, 16 May 2017 Tuesday

Oil prices euro gush higher

The world's top two crude-producing nations raised the idea at the weekend, with a deal agreed between OPEC -- of which Saudi Arabia is the key player -- and Russia coming to an end in six weeks.

02:01, 16 May 2017 Tuesday

Wall Street closes with record highs oil prices go up

Crude oil prices gain 2 percent after Saudi Arabia, Russia extend deal

10:39, 09 May 2017 Tuesday

Trafigura-backed oil firm opens 92 mn Myanmar terminal

Puma Energy, headquartered in Singapore, is one of three foreign firms in the final round of bidding to run part of Myanmar's petrol distribution market along with the Ministry of Energy. 

03:05, 05 May 2017 Friday

Crude oil prices at lowest level in five months

Prices declined almost 5 percent Thursday

10:39, 02 May 2017 Tuesday

BP rebounds into quarterly profit on higher oil prices

Earnings after taxation stood at $1.45 billion (1.33 billion euros) in the first three months of the year, which contrasted with a net loss of $583 million during the first quarter of 2016, BP said in a statement.

15:49, 26 April 2017 Wednesday

Oil pipeline targeted in N Iraq s Kirkuk province

Unknown attackers in northern Iraq briefly disable strategic Kirkuk-Ceyhan oil pipeline

01:03, 22 April 2017 Saturday

Wall Street closes lower with oil decline

Crude prices off more than 2 percent

11:13, 20 April 2017 Thursday

Oil producers 'might have to' extend output cuts Saudi minister

"We might have to extend in order to reach the target... of stock levels," Khalid al-Falih told an energy forum in Abu Dhabi, referring to a deal between OPEC and non-OPEC producers to cut production by around 1.8 million barrels per day.

16:45, 18 April 2017 Tuesday

Oil output cuts pressure Mideast economic growth IMF

In its latest World Economic Outlook report, the IMF cut its 2017 growth forecast for the region comprising the Middle East, North Africa, Afghanistan and Pakistan to 2.6 percent, down from the 3.1 percent projected in January.

01:05, 11 April 2017 Tuesday

Wall Street closes higher as oil gains

Oil prices gain more than 1 percent

09:22, 07 April 2017 Friday

US stock futures dip oil jumps after strike in Syria

Crude prices up nearly 2 percent

15:40, 30 March 2017 Thursday

Asia markets slip but oil jump helps energy firms

Trading floors turned red at the start of the week as Donald Trump's failure to push through his healthcare reform fuelled worries about the prospects for his economy-boosting agenda.

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