24/05/2013
Saudi Arabia has cut crude oil production this year and will have to cut it further if it wants to prevent a significant drop in the global oil
24/05/2013
Sources from the oil sector in the region said on Wednesday that Iraqi Kurdistan's sales of crude oil to world markets - which Baghdad considers illegal - is expected to rise by about
24/05/2013
The price of oil was knocked lower Friday by a combination of ample supplies and lukewarm demand.
Benchmark oil for July delivery was down 40 cents to $93.85 per barrel at late
24/05/2013
Residual-fuel inventories in Singapore, Asia’s largest oil-trading and storage center, fell for the first time in four weeks, according to a unit
24/05/2013
Iraq has earned some $7.764 billion from oil sales in April, compared with $7.772 billion earned the previous month, the
24/05/2013
International Oil Companies (IOCs) have projected an investment initiative plan valued at $165 billion in the next five years. The investment will go into
24/05/2013
Strikes have kept a lid on Libya's rising oil production in recent months but it should still surpass pre-war levels to hit 1.7 million barrels per day
24/05/2013
Energy price-reporting organizations including Platts said they ordered independent reviews of their methods after calls by regulators last
24/05/2013
Well services activity in the UK North Sea grew by 9% last year to hit a record high, and well services providers are optimistic over further gains
24/05/2013
The Petrol Retailers' Association, the body that represents U.K. filling stations, said it has offered its analysis of fuel pricing to the European
24/05/2013
China's apparent oil demand* in April rose by 2.1% to an average 9.66 million barrels per day (b/d) or 39.54 million mt, a just-released
24/05/2013
Iraq is planning to increase its oil production capacity to 10 million barrel per day in 2017 up against three million barrel per day as of today,
officials say. Iraq, which has the fifth
24/05/2013
Brazil will hold its first auction of pre-salt oil exploration acreage under the country's new production-sharing
24/05/2013
U.S. gasoline inventories jumped an unexpected 3.015 million barrels during the reporting week ended May 17,
24/05/2013
Oil prices have been drifting lower recently. Since February this year, crude oil prices have slipped by 11 to 12
24/05/2013
Indonesia's energy regulator says the country's oil production target next year is too optimistic, and wants it
24/05/2013
The fastest revenue growth in the oil industry is putting Papua New Guinea’s Oil Search Ltd. (OSH) in line for
24/05/2013
Indonesia, a former member of the Organization of the Petroleum Exporting Countries (OPEC), may experience
24/05/2013
To capitalize on the shale gas revolution in the United States, the BASF TOTAL Petrochemicals LLC (BTP) joint
23/05/2013
Brazil's second largest oil and gas company OGX SA will produce 30,000 barrels a day from its Tubarão Martelo field by April, the company's