Oil dropped below $66 a barrel as traders assessed OPEC’s discussions on a compromise over an output increase...
Since he became Saudi Arabian energy minister two years ago, Khalid Al-Falih has had a good run: he persuaded...
Crude rose for a fourth consecutive day as a halting of oil loading from two key ports in Libya offset concern...
Saudi Arabia boosted daily oil output in May to the highest level since October, ahead of meetings with Russia...
Saudi Arabia, the world’s largest oil exporter, raised pricing on key crude grades for buyers in Asia to the h...
Saudi Arabia and Gulf countries want to exclude prices from OPEC’s long-term strategy report Saudi Arabia and its Gulf allies are at odds with Iran and other OPEC members over whether... Read more
Russia’s central bank and government are spending billions to prop up struggling companies and projects Russian agribusiness group EkoNiva recently got a 2 billion rouble ($32 million) loan... Read more
The Zohr discovery will affect Israel’s plans to export fuel from its own offshore Leviathan field Egypt plans to keep all the natural gas produced at a giant field Eni found off its Mediter... Read more
The nation must boost crude output to regain market share even as US shale producers increase drilling, said Iran’s oil minister Most OPEC members would like to see crude prices at $70... Read more
The Gulf states’ struggle against a dangerous addiction When the prices of oil soared in the 1970s, consumers around the world railed against high fuel prices. The Gulf states celebrated: Th... Read more
Iranian production climbed by 50,000 barrels a day to 2.9 million in August OPEC crude output increased in August as Iranian production climbed to the highest level in three years. Output by... Read more
Eni’s discovery of a giant gas field off the coast of Egypt has thrown the outlook for stocks of Israeli producers into disarray A gas discovery in the eastern Mediterranean that has t... Read more
Sixteen companies have been accredited to install solar panels for residential and commercial use in Dubai The Dubai Electricity and Water Authority (DEWA) is encouraging residents and busin... Read more
The oil sector has won favour from banks who think oil stocks might offer the right balance between risk and reward For investors brave enough to wade into Russia, a once-promising emerging... Read more
The deep-water deposit in the Zohr Prospect in the Shorouk block may hold 850 billion cubic metres of gas Eni discovered a “super giant” natural gas field offshore Egypt in what the Italian... Read more
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