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04:43, 22 June 2018 Friday
15:45, 20 June 2018 Wednesday

Libya political party maintains neutrality in oil fight

Justice and Construction Party refrains from taking sides in ongoing fight over strategic ‘oil crescent’

15:13, 11 June 2018 Monday

French minister slams 'illegal' oil refinery blockades

French farmers launch blockades of 14 refineries to protest imports of low cost palm oil for biofuel manufacturing

11:28, 04 June 2018 Monday

Kenya makes first crude oil export

President Uhuru Kenyatta says Kenya's joining of oil exporting countries to strengthen economy  

10:28, 18 May 2018 Friday

Venezuela a top oil exporter in deep crisis

Latin America's top oil exporter, Venezuela, is deep in an economic and political crisis brought on plummeting oil prices and marked by violent anti-government protests.

10:50, 08 May 2018 Tuesday

Oil prices drop as focus turns to Trump Asian stocks

The US president announced in a tweet that he would make an announcement at 1800 GMT on whether or not to tear up the agreement with Tehran and reimpose painful sanctions that could cut off crude supplies.

17:02, 03 May 2018 Thursday

Eight killed in oil tankers' explosion in Nigeria

An explosion occurs after 2 oil tankers collide in northeastern Taraba state

17:39, 19 April 2018 Thursday

Oil theft 'costing Libya over 750 mn annually'

Before the revolt Libya, with estimated oil reserves of 48 billion barrels, used to produce 1.6 million barrels per day (bpd).

17:31, 16 April 2018 Monday

Oil prices slide after Syria air strikes

The United States, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.

16:46, 10 April 2018 Tuesday

Turkish Straits at risk from oil and gas transit boom

Growing oil and gas tanker traffic and outdated Montreux Convention risk Turkish Straits, Bosphorus Energy Club head says

18:21, 06 April 2018 Friday

Turkey's chief focus is always human not land oil

Binali Yildirim speaks at a honorary doctorate ceremony during his 2-day visit to Mongolia

14:41, 04 April 2018 Wednesday

Bahrain discovers 'Largest Oilfield in Decades'

Bahrain previously said that it has discovered the largest oil and gas field in the history of the small kingdom, which unlike its Gulf neighbors is not energy-rich.

09:51, 24 March 2018 Saturday

Oil prices post largest weekly gain in 8 months

Crude prices rose around 6 percent this week

10:01, 22 March 2018 Thursday

Crude oil prices hit highest level in seven weeks

Prices post a daily gain of more than 3 percent, and reach their highest level since Feb. 2  

10:05, 16 March 2018 Friday

Yemen Locally-produced oil products markup postponed

Yemen Petroleum Co. cites life conditions, domestic migration in province for postponement of price rise on oil-derivatives

11:43, 16 February 2018 Friday

Indonesia eyes lax palm oil rules in EU trade deal

The papers, marked "not for publication" and for distribution only on a "need to know" basis, reflect Jakarta's wish list for a critical industry as the two sides hammer out new rules for a trading relationship worth $35 billion a year.

13:15, 14 February 2018 Wednesday

Saudi Arabia seeks to further reduce oil stockpiles

Saudi Aramco's crude output in March will be 100,000 barrels per day (bpd) below its February level while exports will be kept below seven million bpd, the energy ministry said.

11:05, 10 February 2018 Saturday

Rise in US oil rigs push Brent oil below 62

Rigs number at highest since April 2015

09:45, 10 February 2018 Saturday

Oil prices post worst weekly loss in two years

Crude prices have biggest weekly decline since January 2016

17:28, 04 February 2018 Sunday

Iran minister blasts Trump over oil and gas contracts

"Trump is trying to destabilise market conditions for those who want to work in Iran," Bijan Namdar Zanganeh told a press conference.

11:38, 15 January 2018 Monday

Oil tanker's sinking off China raises environmental fears

The Sanchi, carrying 136,000 tonnes of light crude oil from Iran, went under on Sunday after a new and massive fire erupted, sending a cloud of black smoke as high as one kilometre above the East China Sea.

12:14, 11 January 2018 Thursday

US crude oil prices hit more than 3-year high

Gas prices also rising in US, forecast to hit highest levels since 2014

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