ENERGY

Iran sanctions waiver to be negative on oil prices

2018-11-04T12:45:00.001-08:00

Iran sanctions waiver to be negative on oil prices: Oversupply problem returns to the market as US sanctions on Iran set to take effect from Monday

Adnoc announces new discoveries in oil and gas

2018-11-04T12:44:00.001-08:00

Adnoc announces new discoveries in oil and gas: The development will enable UAE achieve self-sufficiency in gas and potentially a net exporter

Opec achieves 109 per cent confirmity on quotas in July

2018-08-30T19:00:00.001-07:00

Opec achieves 109 per cent confirmity on quotas in July: JMMC continues to monitor developments in the oil market

Iraq to ready to boost oil exports once it get OPEC nod

2018-08-30T18:59:00.001-07:00

Iraq to ready to boost oil exports once it get OPEC nod: Analysts have been uncertain about Iraq s ability to raise production quickly

World’s oil cushion could be stretched to the limit, IEA warns

2018-07-12T11:00:00.001-07:00

World’s oil cushion could be stretched to the limit, IEA warns: Outages in Libya Venezuela Canada tighten oil supplies

Trump’s Iran withdrawal has oil shippers in limbo over insurance

2018-05-11T11:01:00.001-07:00

Trump’s Iran withdrawal has oil shippers in limbo over insurance: Ship insurance was a critical hurdle when sanctions were previously imposed on Iran

Oil steadies as traders weigh impact of Korea summit, Iran deal

2018-04-27T17:09:00.001-07:00

Oil steadies as traders weigh impact of Korea summit, Iran deal: Futures in New York slipped 0 4 on course for a 0 7 drop this week

Iraq awards some oil and gas blocks as Exxon and Total drop out

2018-04-26T11:25:00.001-07:00

Iraq awards some oil and gas blocks as Exxon and Total drop out: UAE s Crescent Petroleum China s Geo-Jade Petroleum and Hong Kong s United Energy Group won contracts

Aramco, Total said to eye Saudi fuel stations such as Tas’helat

2018-04-25T16:20:00.001-07:00

Aramco, Total said to eye Saudi fuel stations such as Tas’helat: The two are also looking at a range of options from consolidating some service stations to potentially starting the business from scratch

Iraq’s move to rush oil bidding could deter some firms

2018-04-25T16:19:00.001-07:00

Iraq’s move to rush oil bidding could deter some firms: Thursday s auction will be the fifth since Iraq opened its vast oil and gas reserves to global energy companies in 2009 for first time in decades

Oil prices to rise in 2018 as Opec wages tug-of-war with US shale

2018-03-29T16:17:00.001-07:00

Oil prices to rise in 2018 as Opec wages tug-of-war with US shale: Opec deal exit strategy in focus

SoftBank Vision Fund, Saudi Arabia to create world's biggest solar power firm

2018-03-28T14:34:00.001-07:00

SoftBank Vision Fund, Saudi Arabia to create world's biggest solar power firm: Analyst Saudi Arabia is clearly preparing for a post-fossil fuel dependent economy in terms of domestic energy consumption

Exxon quits some Russian joint ventures citing sanctions

2018-03-01T14:56:00.001-08:00

Exxon quits some Russian joint ventures citing sanctions: Deals were reached when US Secretary of State Rex Tillerson was Exxon s chief executive

Saudi Sipchem mulls US shale venture in first foreign foray

2018-01-30T17:50:00.001-08:00

Saudi Sipchem mulls US shale venture in first foreign foray: The surge in US shale oil and gas output in recent years has slashed America s reliance on imported energy

Exxon says it’ll invest over $50 billion, citing tax cut

2018-01-30T17:48:00.001-08:00

Exxon says it’ll invest over $50 billion, citing tax cut: Amount to be invested over the next half decade in a return to the oil giant s spending habits before crude suffered its worst price rout

Iraq and BP sign deal to boost Kirkuk crude output

2018-01-19T09:33:00.003-08:00

Iraq and BP sign deal to boost Kirkuk crude output: Iraq plans to start trucking crude from Kirkuk to Iran at the end of the month

Saudi refined oil exports offset crude curbs

2018-01-19T09:33:00.001-08:00

Saudi refined oil exports offset crude curbs: Share of refined products accounted for 19 of total exports in October

US to overtake Saudi as crude oil producer: IEA

2018-01-19T09:23:00.001-08:00

US to overtake Saudi as crude oil producer: IEA: Crude recently rose above 70 per barrel for the first time since 2014

Saudi Aramco cuts oil pricing to US amid record-low supply

2018-01-05T09:55:00.001-08:00

Saudi Aramco cuts oil pricing to US amid record-low supply: Aramco is cutting official pricing for its Arab Light crude by 10 cents a barrel to 90 cents above the benchmark for the US Gulf Coast

Oilfield services firms expect better performance in 2018

2018-01-05T09:52:00.001-08:00

Oilfield services firms expect better performance in 2018: Rise in oil prices to have a positive impact

Solar power breakthrough is not a done deal yet

2018-01-03T13:35:00.001-08:00

Solar power breakthrough is not a done deal yet: Several stumbling blocks lie ahead in tapping its full potential and at optimum costs

Latin America’s biggest utility takes a step toward sale

2017-12-29T12:02:00.001-08:00

Latin America’s biggest utility takes a step toward sale: Eletrobras can now join the ranks of government-run businesses that Brazil s privatising

Trump rolls back offshore safety rules born from BP oil spill

2017-12-29T11:57:00.001-08:00

Trump rolls back offshore safety rules born from BP oil spill: Changes will save companies at least 288 million over 10 years according to the Bureau of Safety and Environmental Enforcement

Oil resurrection sets stage for another Opec-shale clash in 2018

2017-12-29T11:56:00.001-08:00

Oil resurrection sets stage for another Opec-shale clash in 2018: Futures are up more than 11 in 2017 having entered a bull market in September

Oil falls from 2015 highs as rally runs out of steam

2017-12-27T14:28:00.001-08:00

Oil falls from 2015 highs as rally runs out of steam: Brent down 1 after hitting highest since mid-2015