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01:26, 24 October 2017 Tuesday
12:24, 22 October 2017 Sunday

Iraqi central govt controls all oil wells

Oil Minister Jabbar Al-Luiebi also says oil production of Basra and southern fields have increased

16:47, 19 October 2017 Thursday

Rosneft KRG to cooperate on 5 oil blocks in N

Total recoverable oil reserves at 5 blocks could be about 670 million barrels

14:46, 08 October 2017 Sunday

Libya fires on oil tanker suspected of smuggling

Abu Kamash is the site of one of the oil-rich North African country's largest petrochemical complexes, near the Tunisian border some 170 kilometres (100 miles) west of Tripoli.

14:49, 05 October 2017 Thursday

Russia satisfied with current oil prices Novak

Reduction in price volatility is key, says Russian minister Novak  

16:37, 04 October 2017 Wednesday

Oil cut extension should be at least to end '18

Energy demand will shift to Asia-Pacific region amid development of new markets over next decade

15:57, 04 October 2017 Wednesday

Oil cut participants in line with deal OPEC's Barkindo

Russia is implementing oil production cuts beyond what was agreed, Barkindo says  

10:20, 04 October 2017 Wednesday

Nigerian minister petitions president over oil deals

Memo leaked on social media deepens public suspicion about government's fight against corruption 

13:19, 19 September 2017 Tuesday

KRG's oil exports via Turkey may be halted due to

KRG's economic clout, driven by oil revenue, could be at risk if Turkey objects to independence vote, energy expert says

17:44, 16 September 2017 Saturday

Shunning dollar Venezuela lists oil prices in Chinese yuan

The move was seen as a bid to weather US-imposed sanctions on the embattled country.

12:18, 13 September 2017 Wednesday

Oil market moving back into balance

The International Energy Agency also said production by the OPEC cartel and its allies fell in August and compliance with their pact to cut supply to the markets increased.

22:53, 12 September 2017 Tuesday

Oil spill near Athens after tanker sinks coastguard

The coastguard said an entire bay on the southeast of the island had been affected after the Agia Zoni II, carrying 2,500 metric tonnes of fuel, sank.

20:34, 01 September 2017 Friday

Vietnam state oil magnate arrested in major fraud case

The country is notorious for widespread corruption but in recent months has waged a crackdown on banking executives and government officials accused of graft, mismanagement or worse.

10:31, 31 August 2017 Thursday

Largest US oil refinery closes due to Harvey

Price of gasoline rising as quarter of country’s oil refining capacity taken offline

09:21, 29 August 2017 Tuesday

Libyan navy detains 20 Filipinos for alleged smuggling

Tanker was loaded with 6 million liters of contraband fuel

15:53, 28 August 2017 Monday

Oil mixed in Asia after Harvey slams into US

Harvey rolled over the US Gulf Coast and slammed into Texas on Friday as a huge Category 4 hurricane, sparking floods and mass evacuations, and prompting many oil refineries and ports to shut down.

11:08, 21 August 2017 Monday

France's Total to buy Maersk Oil for 7 45 billion

The company said the deal would make Total the second-largest operator in the North Sea, with substantial operations in Britain, Norway and Denmark.

17:18, 13 August 2017 Sunday

Saudi budget deficit halves after reforms oil rebound

The ultra-conservative kingdom has moved to diversify its traditionally oil-dependent economy following a sharp fall in crude prices.

12:43, 11 August 2017 Friday

OPEC pumps more oil in July despite cut pledge

In its monthly report on the global oil market, the International Energy Agency said, however, that it believes the supply glut is easing, partly because demand is growing faster.

17:58, 03 August 2017 Thursday

Nigeria signs oil financing deals with Shell Chevron

"Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government's aspiration were executed in London on Monday," said a statement by the Nigerian National Petroleum Corporation (NNPC) in Abuja. 

14:48, 03 August 2017 Thursday

Oil majors gushing in cash despite cheap crude

BP, Chevron, ExxonMobil, Shell and Total have all published results in recent days, showing they pocketed $23 billion in net profit in the first half fo the year.

11:05, 31 July 2017 Monday

Oil surges as dollar continues slide against the yen

Both main crude contracts made strong gains, with WTI testing $50 a barrel for the first time since late May and Brent heading towards $53, while mining giants BHP Billiton and Rio Tinto saw their share price rise as commodities strengthened.

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