#oil

Drilling at the Pegasus-1 well has detected a 350-metre column of natural gas, the government announced on Monday, giving no more clues about the significance of the find – but separately ...

Shipping Deputy Minister Marina Hadjimanolis on Monday warned of “global implications” if Iran blockades the Strait of Hormuz. “The developments are rapid and without a doubt very worrying, with global ...

French President Emmanuel Macron said on Tuesday he was in favour of imposing new sanctions on Russia in the coming days if Moscow failed to respect a ceasefire, mentioning financial ...

With President Trump pausing his punitive tariffs for 90 days, it will take time before the negotiations that will follow realign global trading to the new developing international order. Already analysts ...

Even though energy commodities – oil, natural gas and refined products – were largely spared collateral fallout from US President Donald Trump’s new ‘Liberation Day’, the new tariffs have pushed oil ...

More than half of Libya’s oil production, or about 700,000 barrels per day, was offline on Thursday and exports were halted at several ports as a standoff between rival political ...

Saudi Arabia’s government on Thursday filed papers to sell a new stake in state oil giant Aramco 2222.SE that could raise as much as $13.1 billion, a landmark deal that ...

Oil prices edged lower on Friday but were on track to gain over 3 per cent for the week, boosted by the International Energy Agency raising its 2024 oil demand forecasts and ...

By Nichola Groom and Valerie Volcovici The Biden administration on Saturday unveiled final rules aimed at cracking down on US oil and gas industry releases of methane, part of a ...

Oil prices fell by more than 1 per cent on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting, leading to speculation that producers might cut output ...

Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that ...

Guyana is not a ‘hellhole country’ of the sort Donald Trump complained about when he said he wanted immigrants to come to the US from white places like Norway instead, ...

Oil prices spiked more than 1 per cent on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a combined 1.3 million barrel per day (...

Oil prices eased on Thursday after data showed China’s manufacturing activity shrank for the fifth month in a row, and as investors cautiously awaited a US personal consumption expenditure ...

Oil prices hovered near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to extend supply cuts through September, further tightening supplies. Prices have seen a ...

The Biden administration is poised to increase outreach to western trading houses, insurers and tanker owners to remind them to abide by the Group of Seven’s price cap on ...

Oil prices dipped in Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, though expected crude ...

Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against the backdrop of an uncertain global economic outlook. Brent crude ...

By Elias Hazou and Jonathan Shkurko Opposition parties on Monday kept up the pressure on the government over its unpopular decision to scrap subsidies on electricity and on fuel, while ...

Oil rebounded on Thursday after the previous day’s plunge, as data showed a jump in refinery runs at the world’s top crude importer China, though a weak economic ...

Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July ...

Oil fell by nearly 2 per cent on Tuesday as concerns about the US debt ceiling pact cooled the market’s risk-on sentiment and mixed messages from major producers clouded the ...

Oil prices rose on Thursday but were unable to claw back the more than 9 per cent decline during the previous three days as demand concerns in major consumers overrode signals ...

Oil prices were roughly unchanged on Monday as investors weighed the prospect of tighter supplies from OPEC+ producers from May against concerns about weakening global growth that may dampen fuel ...