oil

Oil extends losses as Saudis halt Yemen strikes
Business

Oil extends losses as Saudis halt Yemen strikes

Global oil prices fell on Wednesday after a Saudi-led coalition declared an end to four weeks of air strikes in…
Libya’s rival forces warn Thinni govt against independent oil sales
Middle East

Libya’s rival forces warn Thinni govt against independent oil sales

Libyan forces opposed to the country's internationally recognised government have warned it that any attempts to export oil independently would…
New oil discovery in Western Desert
Business

New oil discovery in Western Desert

The General Petroleum Co. has made a new oil discovery in Abu Senan area in the Western Desert.A well was…
Amid Yemen chaos, China keeps oil shipments flowing
World

Amid Yemen chaos, China keeps oil shipments flowing

China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on…
Minister: Egypt state oil company signs deal to help develop Iraqi fields
Business

Minister: Egypt state oil company signs deal to help develop Iraqi fields

Egypt's state oil company signed an agreement to join Kuwait Energy in developing an oil field in southern Iraq, the…
Italy’s Eni signs heads of agreement with Egypt worth $5 billion over four-five years
Business

Italy’s Eni signs heads of agreement with Egypt worth $5 billion over four-five years

Italian oil major Eni signed heads of agreement with the Egypt worth $5 billion (LE3.4 billion) over 4-5 years, the oil…
England accuses Assad’s regime of purchasing oil from IS
Egypt

England accuses Assad’s regime of purchasing oil from IS

England has accused the Syrian government of purchasing oil shipments from the Islamic State group via mediators and considers its…
Ministry: Egypt to auction 8 oil and gas blocks in Mediterranean
Egypt

Ministry: Egypt to auction 8 oil and gas blocks in Mediterranean

Egypt will hold an international auction for eight oil and natural gas exploration blocks in the Mediterranean Sea, the oil…
Oil steadies around $61, Kuwait sees prices supported
Business

Oil steadies around $61, Kuwait sees prices supported

Oil steadied around $61 (£39.5) a barrel on Monday, holding gains from last week, after Kuwait's oil minister said lower…
Apache 2014 4Q production down from 2013, company says
Business

Apache 2014 4Q production down from 2013, company says

The Apache Corporation has released its financial results for 2014 operations, with a statement by the company denoting a drop in…
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