oil

The Egyptian Petroleum Ministry has declared new oil excavations east of Gabal al-Zeit, in the Gulf of Suez.Its production will…

BP (BP.L) has agreed to buy 10 percent of Eni's (ENI.MI) Shorouk concession offshore Egypt, which includes the giant Zohr…

Egypt's state news agency says Kuwait has agreed to supply Egypt with 2 million barrels of crude per month, starting…

Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak…

President Bashar al-Assad claimed Western powers are "becoming much weaker" in Syria, in a confident interview published in The Sunday…

Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh saying…

Oil prices edged lower on Friday and were set for the biggest weekly losses in six weeks over doubts about…

The king of Saudi Arabia, the world's largest oil exporter, met Venezuela's president on Sunday in Riyadh and discussed ways…

Saudi Arabia's Energy Minister Khalid al-Falih said on Sunday he had invited his Russian counterpart Alexander Novak to meet Gulf…

Iran’s oil ministry website says the country will invite foreign companies on Monday to bid for oil and gas projects…