oil

Russia’s Rosneft eyes joint oil supplies to Egypt with Italy’s Eni
Business

Russia’s Rosneft eyes joint oil supplies to Egypt with Italy’s Eni

Russia’s largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible…
Oil rises above $52 as Saudis and Russia back longer supply cut
Business

Oil rises above $52 as Saudis and Russia back longer supply cut

Oil hit its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia…
Oil up on falling US inventories, Saudi cuts to Asia
Business

Oil up on falling US inventories, Saudi cuts to Asia

Oil prices rose on Thursday, with global benchmark Brent crude trading comfortably above $50 a barrel after a fall in…
Tunisian job protests hit oil and gas output
Middle East

Tunisian job protests hit oil and gas output

Protests over jobs and development in southern and central Tunisia have halted production at or shut the fields of two…
Saudis take 100% control of America’s largest oil refinery
Business

Saudis take 100% control of America’s largest oil refinery

Saudi Aramco, the kingdom's state-owned oil behemoth, took 100% control of the sprawling Port Arthur refinery in Texas on Monday,…
IMF says more reforms still needed by Mideast oil exporters
Middle East

IMF says more reforms still needed by Mideast oil exporters

The International Monetary Fund said on Tuesday oil exporting countries in the Middle East continue to have the world's largest…
Saudi Arabia restores civil service and military allowances
Middle East

Saudi Arabia restores civil service and military allowances

Saudi Arabia's King Salman issued a royal decree on Saturday restoring financial allowances for civil servants and military personnel that…
Saudi oil minister says production cuts may need to continue
Middle East

Saudi oil minister says production cuts may need to continue

Saudi Arabia's oil minister is suggesting that production cuts agreed to by OPEC and non-OPEC members may need to continue.Khalid…
World oil prices edge down over expected climb in US output
Business

World oil prices edge down over expected climb in US output

Oil prices fell in thin trade on Tuesday after the Easter holiday break shut many markets for as long as…
World oil market ‘close to balance’ despite OPEC cuts: IEA
Business

World oil market ‘close to balance’ despite OPEC cuts: IEA

Supply and demand in the oil market are close to matching up, the IEA said Thursday, as landmark OPEC-led production…
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