oil

Saudis, oil majors discuss gas investments ahead of giant IPO
Business

Saudis, oil majors discuss gas investments ahead of giant IPO

Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the…
Oil prices fall as Libya’s output rebound boosts supply
Business

Oil prices fall as Libya’s output rebound boosts supply

Oil prices fell on Tuesday as a rebound in Libyan crude production combined with an increase in US drilling to…
Iraq to boost crude oil production by year’s end: minister
Business

Iraq to boost crude oil production by year’s end: minister

Iraq's oil minister says the country plans to increase daily crude oil production to 5 million barrels by the end…
US shale leaves thousands of wells unfinished
Business

US shale leaves thousands of wells unfinished

US shale producers are drilling at the highest rate in 18 months but have left a record number of wells…
Saudi deputy crown prince, Trump meeting a ‘turning point’: Saudi adviser
World

Saudi deputy crown prince, Trump meeting a ‘turning point’: Saudi adviser

Saudi Arabia hailed a "historical turning point" in US-Saudi relations after a meeting between US President Donald Trump and Deputy…
Oil drops to 3-month low, US erases all gains since OPEC output cut
Business

Oil drops to 3-month low, US erases all gains since OPEC output cut

Oil tumbled on Tuesday after OPEC reported a rise in global crude stocks and a surprise output jump from its…
Libya’s deepening split finds battleground at oil terminals
Middle East

Libya’s deepening split finds battleground at oil terminals

Hundreds if not thousands of armed men are converging on Libya's main oil shipping terminals, which the rival powers in…
Saudi energy minister says oil market fundamentals improving
Business

Saudi energy minister says oil market fundamentals improving

Saudi Energy Minister Khalid al-Falih said on Tuesday that oil market fundamentals were improving after an agreement struck with top…
Fighting erupts around key oil ports in Libya
Middle East

Fighting erupts around key oil ports in Libya

East Libyan forces carried out airstrikes around major oil ports overnight as they sought to regain control of the area…
Saudi Arabia wants oil prices to rise to around US$60 in 2017: sources
Business

Saudi Arabia wants oil prices to rise to around US$60 in 2017: sources

Saudi Arabia wants crude oil prices to rise to around US$60 a barrel this year, five sources from OPEC countries…
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