Business / Energy

Goodbye, good times for Norway's oil capital 02 Dec 2015 - 08:59 am

Stavanger, Norway: Sparkling wine instead of champagne, companies cancelling their Christmas celebrations, unemployment soaring and real estate prices flagging: with crude prices plunging...

Oil rises, traders take positions ahead of OPEC meeting 30 Nov 2015 - 03:33 pm

By Karolin Schaps LONDON: Oil prices rose on Monday as investors took positions ahead of an OPEC meeting this week despite expectations that...

Turkmenistan in race against time to become global gas player 29 Nov 2015 - 08:52 am

Ashgabat, Turkmenistan: While the golden domes of Turkmenistan's presidential palace hint at the country's fantastic gas wealth, the reclusive Central Asian country remains...

Oil eases on glut, production outlook 26 Nov 2015 - 06:20 pm

By Simon Falush LONDON: Oil prices fell on Thursday after six days of gains, as concerns that escalating tension in the Middle East...

Oil prices up in Asia 26 Nov 2015 - 07:40 am

Singapore: Oil prices held above $43 a barrel in Asia Thursday after US commercial crude supplies rose at a slower pace while jitters...

Oil rises on Middle East tensions, weaker US dollar 24 Nov 2015 - 12:54 pm

By Karolin Schaps LONDON: Oil prices rose on Tuesday as tensions in the oil-rich Middle East escalated following the downing of a Russian-made...

Oil prices up in Asia ahead of OPEC meeting, US report 24 Nov 2015 - 09:37 am

Singapore: Oil prices climbed in Asia Tuesday before a meeting of the OPEC oil cartel and a report on US commercial crude inventories...

Oil slides back lower after spike on Saudi statement 23 Nov 2015 - 04:32 pm

By Amanda Cooper LONDON: Oil prices fell on Monday, releasing fleeting gains made after the Saudi Arabian cabinet reiterated its commitment to work...

Oil edges lower to near three-month lows on surplus supply 20 Nov 2015 - 12:30 pm

By Meeyoung Cho SEOUL: Oil futures gave up early gains to trade near three-month lows on Friday on a persistent supply glut that...

Oil prices up in Asia but gains limited 17 Nov 2015 - 08:37 am

Singapore: Oil prices extended gains in Asia Tuesday but the uptick was capped as investors waited for data on US crude stockpiles expected...

Oil prices up on geopolitical tensions sparked by Paris attacks 16 Nov 2015 - 08:01 am

Singapore: Oil prices climbed in Asia Monday on geopolitical tensions sparked by the deadly terror attacks in Paris but analysts said a global...

IEA sees bear oil market 14 Nov 2015 - 12:55 am

Excess gas is burnt off at a pipeline at Zubair oilfield in Basra, Iraq. LONDON: The world is awash with oil having built...

Oil at 2-1/2-month low on OPEC surplus worry, U.S. inventories 13 Nov 2015 - 12:00 am

By Barani Krishnan NEW YORK: Crude prices hit 2-1/2 month lows on Thursday after the U.S. government reported a stockpile build four times...

BP to start Absheron Peninsula shallow water survey in first quarter 2016 10 Nov 2015 - 06:19 pm

BAKU: BP plans a seismic survey in the shallow water Absheron Peninsula in Azerbaijan in the first quarter of 2016, BP's regional director...

Oil bounces back but gains limited 09 Nov 2015 - 09:06 am

Singapore: Oil prices rebounded in Asia Monday but stayed below $45 a barrel as gains were limited by a strong dollar and data...

LNG’s share in gas market to grow 07 Nov 2015 - 12:25 am

By Sachin Kumar DOHA: The share of Liquefied Natural Gas (LNG) in the gas market is poised to grow according to International Gas...

Oil prices have bottomed out: Kuwait oil minister 04 Nov 2015 - 03:37 pm

Kuwait's Oil Minister Ali Al-Omair attends a ministerial conference in Riyadh on November 4, 2015. RIYADH: Kuwait's oil minister said on Wednesday he...