Saudi Oil Minister Ali Al Naimi appeared to downplay worries about the impact of sinking crude oil prices on production from the world's top oil exporter.
Oil prices in Europe have declined since June as ge
Iraq's oil exports from its southern terminals on the Gulf, far from the fighting in its north, have increased so far this month as bad weather and logistical delays subsided, approaching a record high reached in May.
The UAE is in no hurry to see Opec cut its oil output target this year despite the sharp drop of global crude prices in the last few months, senior UAE energy officials indicated.
Last week, Opec secretary-gene
More than 600 professionals from 121 companies are taking part in a top oil and gas health, safety and environment event in Doha, Qatar, the first of its kind to include sustainable development as one of the core discussion topics.
Chinese imports of crude from Iran fell nearly 30 per cent from a year earlier to the lowest since October 2013, with Tehran's largest oil client reducing shipments from high levels in recent months as at least one regular buyer went throu
The asset with the greatest prowess of late has been the US dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies.
The greenback's recent gains have lifted the dollar index - a me
Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm to cover seven exploration areas in the Suez Canal, Egypt's western desert, the Mediterranean sea and the Nile Delta.
Iraq's oil export revenues fell by 8.9 per cent in August to $7.1 billion from $7.8 billion in July, the Iraqi oil ministry said in a statement.
Oil exports were at 73.6 million barrels for August, the oil ministry said, citing the
In an oil field in northeastern Syria, a queue of trucks lines up daily to load crude sold cheaply by Islamic State militants who have hijacked parts of the country's energy industry in their bid to build a caliphate.
Sales at Sha