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Oil prices stable as US-China tensions offset weak dollar

24 Jul 2020

Oil prices were flat on Friday as support from a weaker dollar was offset by tensions between the United States and China. Brent crude was down 1 cent at...

Oil prices slip as US inventories, virus fears grow

22 Jul 2020

Oil prices fell on Wednesday as industry data showed a bigger-than-expected inventory build in the United States, where climbing coronavirus cases may further dent fuel demand in the world's...

Oil prices fall after OPEC+ agrees to ease output curbs

16 Jul 2020

Oil prices fell on Thursday after OPEC and other producers including Russia agreed to ease record supply curbs from August, though the drop was cushioned by tightening global inventories...

US oil price plunges to zero as demand collapses; stocks dip

20 Apr 2020

Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don’t want to get stuck owning crude with nowhere to store...

Oil plunges to 2002 lows, shares sink again

30 Mar 2020

Oil took another stomach-churning 8% dive on Monday and world shares buckled again as fears mounted that the global coronavirus shutdown could last for months. There were some bright...

Saudi Aramco to raise output capacity to 13m barrels per day

11 Mar 2020

Saudi Arabia’s energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said in...

VIDEO: UAE ranks sixth globally in oil and gas reserves

05 Nov 2019

Abu Dhabi’s Supreme Petroleum Council (SPC), launched, on Monday, a new pricing mechanism for the Abu Dhabi National Oil Company’s (ADNOC), flagship onshore crude oil, Murban, and announced a...

Oil at four-month record peak, shares dip after Saudi supply hit

16 Sep 2019

Oil prices hit four-month highs on Monday after attacks on crude facilities in Saudi Arabia fuelled worries over the impact of an oil shock on economic growth, halting a positive...

BP to sell Alaskan properties to Hilcorp Energy for $5.6 billion

28 Aug 2019

LONDON: British oil major BP agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60...

Rosneft’s daily production falls after restrictions from operator

21 Aug 2019

Rosneft’s daily oil output fell 2.7% in the second quarter from the previous three months, the Russian oil company said, mainly because of restrictions introduced by pipeline operator Transneft...

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