Cargoes of crude oil are struggling to find buyers in Europe as demand from refineries falters due to unplanned halts.
The wholly state-owned Qatari shareholding company will be established to market and sell petroleum products that fall under government regulation
The largest US oil explorers are ploughing ahead with some of the most ambitious drilling projects in the 157-year history of the industry...
Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months on signs that a global supply glut is easing, one week ahead of an OPEC meeting.
Oil extended losses in Asia Tuesday as a stronger US dollar and progress in controlling wildfires in Canada's crude-producing Alberta province dampened prices.
The “recent rebound” in oil prices was mainly driven by the alleviation of risks in financial markets
Loadings at 2.3mn bpd in April, 2.1mn bpd in May; oil exports to Europe at about half of pre-sanctions level
Oil prices hit six-month highs yesterday on worries about global supply outages and as long-time bear Goldman Sachs
Three bankruptcies last week shows that $45 a barrel oil isn’t enough to rescue energy companies on the verge of collapse.
Iran says it’s almost ready to talk with other Opec members about limiting oil production as the country’s exports
The world’s biggest oil companies are borrowing record amounts of money to cope with a slump in crude prices.
Moody's Investors Service cut its debt ratings for Saudi Arabia, Oman and Bahrain on Saturday while assigning negative outlooks to three neighbouring states ...
