CAIRO: Egypt's outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the...
CAIRO: Egypt's outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the...
Gas flares from an oil production platform at the Soroush oil fields with an Iranian flag in the foreground in the Persian Gulf,...
London: Struggling oil producers could suffer even more pain in 2016 with further plunges in already record-low prices, BP Chief Executive Bob Dudley...
A man fills a tank of his car at the fuel station of Russian state oil firm Rosneft in St. Petersburg, in this...
An oil pump is seen in Varadero, Matanzas province, Cuba. NEW YORK: Oil prices fell as much as 35 percent for the year...
Singapore: Oil prices rebounded in Asia Thursday on bargain-hunting on the last trading day of 2015 following a sharp decline fuelled by an...
Oversupply fears pressure crude prices after overnight rally European bourses fall; Wall St ends weaker Nikkei gains in year’s final session; up 9.1...
London: British-Dutch energy giant Royal Dutch Shell on Wednesday said it had started production at the Corrib offshore gas field off the western...
By Bozorgmehr Sharafedin DUBAI: Iran's national representative to Organization of the Petroleum Exporting Countries (OPEC) predicted oil prices in 2016 at between $35...
Singapore: Oil prices resumed their decline in Asia Wednesday ahead of the release of data on US crude stockpiles and production. Prices had...
By Alex Lawler LONDON: Oil fell towards $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply...
DUBAI: The United Arab Emirates will lower domestic prices for gasoline and diesel in January, the ministry of energy said on Monday. The...
London: Benchmark oil contract Brent North Sea crude struck an 11-year low this week before pulling back ahead of the festive break, as...
Motorists queue at a petrol station in Lahore, Pakistan, in this January 20, 2015 file photo. AFP ISLAMABAD: Consumers in Pakistan should be...
An aerial view of the Tamar gas field off Israel's shore. AFP JERUSALEM: Israel’s government has given the go ahead to begin exporting...
Iraqi workers stand near a pipeline as it ejects oil at Al Tuba oil field in Basra, southeast of Baghdad in this February...
Singapore: Oil prices extended their recent rally in Asia on Thursday as a drop in US crude supplies cheered global financial markets ahead...
VIENNA: The OPEC sees only a gradual improvement in the global crude market, with prices recovering to above $70 per barrel after four...
