oil

As Big Oil shrinks, boards plot different paths out of crisis
Business

As Big Oil shrinks, boards plot different paths out of crisis

As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted…
BP slumps into $6.5bn loss for 2015 on oil collapse
Business

BP slumps into $6.5bn loss for 2015 on oil collapse

British energy giant BP said Tuesday that it slumped into a vast loss in 2015, ravaged by the dramatic collapse…
China unveils first oil spill response plan
Environment

China unveils first oil spill response plan

China's cabinet has approved the country's first oil spill emergency response scheme to be ready by 2020, to tackle increasing…
Saudi firms as Brent settles above US$30; Egypt up in modest volumes
Business

Saudi firms as Brent settles above US$30; Egypt up in modest volumes

Saudi Arabian stocks firmed up on Thursday as oil prices held above US$30 a barrel, while Egypt edged higher on…
Saudi Aramco chairman defends oil giant’s possible IPO move
Business

Saudi Aramco chairman defends oil giant’s possible IPO move

The chairman of Saudi Arabia's state oil giant said on Monday that plans for a possible initial public offering are…
Iran boosts oil output, foreign firms keen to seal deals
Business

Iran boosts oil output, foreign firms keen to seal deals

Iran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions,…
Oil’s slide below $30 sends shockwaves far and wide
Business

Oil’s slide below $30 sends shockwaves far and wide

US oil stumbled below US$30 for the first time in 12 years to levels that threaten the survival of many…
Oil prices move up from 12 year lows as China shares rise
Business

Oil prices move up from 12 year lows as China shares rise

 Oil prices rose modestly on Friday, still within reach of 11 and a half-year lows, boosted by a recovery in…
Oil hits 11-year low, Saudi-Iran row cuts chances of output restraint
Business

Oil hits 11-year low, Saudi-Iran row cuts chances of output restraint

Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was…
Global stocks hit by China worries, North Korea nuclear test
Business

Global stocks hit by China worries, North Korea nuclear test

World stocks fell for a fifth day on Wednesday as China fueled fears about its economy by allowing the yuan…
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