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Iran, oil producers must not increase production: Kuwait deputy FM ECONOMY

Iran, oil producers must not increase production: Kuwait deputy FM

Kuwait's deputy foreign minister Khaled Jarallah said oil exporting countries must freeze production and the market could not support a production increase from Iran ...

4:45 AM November 25 2016
Oil prices fall on stronger dollar; Russia warns of longer glut ECONOMY

Oil prices fall on stronger dollar; Russia warns of longer glut

Oil prices fell by around one percent on Friday as a stronger dollar weighed and Russia warned that a global crude supply overhang could last into next year.

4:45 AM November 25 2016
Weather aids firefighters battling blaze in Canada oil region INTERNATIONAL

Weather aids firefighters battling blaze in Canada oil region

Authorities battling a forest fire in Canada looked to Mother Nature for more help Monday, as cooling temperatures and rain slowed the spread of the blaze that had forced the evacuation ...

4:45 AM November 25 2016
Crude prices up on Canada fires, Saudi oil minister replacement ECONOMY

Crude prices up on Canada fires, Saudi oil minister replacement

Crude prices extended gains in Asia Monday as raging wildfires hit production in Canada, while traders digested news that Saudi Arabia had replaced its oil minister.

4:45 AM November 25 2016
Oil market at crossroads as big rally masks risks lurking ahead ECONOMY

Oil market at crossroads as big rally masks risks lurking ahead

Fuel glut seen looming as refineries increase gasoline output; Opec output may jump as Iran, Saudi battle for market share

4:45 AM November 25 2016
Libya oil output could fall if Hariga port row continues ECONOMY

Libya oil output could fall if Hariga port row continues

Libya may be forced to cut oil production within days if a stand-off between eastern and western factions

4:45 AM November 25 2016
Canadians drive through burning city seeking safety INTERNATIONAL

Canadians drive through burning city seeking safety

Canadian police led convoys of cars through the burning ghost town of Fort McMurray on Friday in a risky operation to get thousands of people to safety on the other side.

4:45 AM November 25 2016
Tanker carrying illegal Libya oil forced back to port ASIA

Tanker carrying illegal Libya oil forced back to port

An Indian-flagged tanker has been forced to return a shipment of oil smuggled out of Libya thanks to international intervention, according to the country's National Oil Corporation (NOC).

4:45 AM November 25 2016
Oil markets rebalancing to take time, but bottom of rout may be near: Al-Attiyah ECONOMY

Oil markets rebalancing to take time, but bottom of rout may be near: Al-Attiyah

HE the former Deputy Prime Minister Abdullah bin Hamad al-Attiyah has said he gathers from the financial markets...

4:45 AM November 25 2016
Maersk Oil Qatar marks 5th Global Safety Day ECONOMY

Maersk Oil Qatar marks 5th Global Safety Day

Maersk Oil Qatar (MOQ) marked its 5th Global Safety Day (GSD) recently with more than 1,500 personnel

4:45 AM November 25 2016
Saudi to push its oil output higher but ‘not to flood market’ ECONOMY

Saudi to push its oil output higher but ‘not to flood market’

Saudi Arabia’s oil output will edge up close to record highs in coming weeks to meet summer demand

4:45 AM November 25 2016
Oil prices fall after news of possible Saudi oilfield expansion ECONOMY

Oil prices fall after news of possible Saudi oilfield expansion

Crude prices fell in Asia Monday following a report saying Saudi Arabia could maintain its total production capacity with the expansion of an oilfield, fuelling fresh concerns about the global supply glut.

4:45 AM November 25 2016