oil

Islamic State jihadists attack key Libya oil facility: military
Middle East

Islamic State jihadists attack key Libya oil facility: military

The Islamic State jihadist group launched attacks near key oil facilities in northern Libya on Monday but were pushed back,…
Stocks open 2016 on back foot on China data, oil rises
Business

Stocks open 2016 on back foot on China data, oil rises

European shares fell on Monday on the first trading day of 2016 after weak Chinese data rekindled global growth worries,…
Egypt arrears owed to oil firms rises to $3 billion at end-2015
Business

Egypt arrears owed to oil firms rises to $3 billion at end-2015

Egypt's outstanding arrears to foreign oil companies rose to US$3 billion at the end of December 2015 from $2.7 billion…
CNN: Oil prices fell 35%. What now?
Business

CNN: Oil prices fell 35%. What now?

Crude prices dropped a whopping 35% last year and are hovering around $37 a barrel. That's a level not seen…
World Bank lends Iraq $1.2 billion to face oil, security shocks
Middle East

World Bank lends Iraq $1.2 billion to face oil, security shocks

The World Bank said on Thursday it would lend Iraq $1.2 billion in emergency support to help it deal with…
Oil plunge fuels run on energy firms as Asia stocks tumble
Business

Oil plunge fuels run on energy firms as Asia stocks tumble

Energy-linked firms took another battering in Asia Monday morning, leading losses on regional markets as oil prices sank to fresh…
UPDATE: MIDEAST STOCKS-Shares retreat as investors cut back exposure to oil-linked markets
Business

UPDATE: MIDEAST STOCKS-Shares retreat as investors cut back exposure to oil-linked markets

Gulf bourses fell on Sunday as the crude price slumped to near 11-year lows and investors scurried to cut back…
Islamic State oil is going to Assad, some to Turkey, US official says
Middle East

Islamic State oil is going to Assad, some to Turkey, US official says

Islamic State militants have made more than $500 million (£330 million) trading oil with significant volumes sold to the government…
BP to acquire additional interest in West Nile Delta project
Business

BP to acquire additional interest in West Nile Delta project

BP announced on Wednesday that the company has acquired 22.75 percent of gas in the North Alexandria Concession and 2.75…
Erdogan slams Russia for dragging family into oil claims
Middle East

Erdogan slams Russia for dragging family into oil claims

Turkish President Recep Tayyip Erdogan has strongly denounced Russia for dragging the name of his family members into allegations of…
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