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PetroChina, Asia’s largest oil and gas producer, reported a sharp fall in third-quarter profit, dragged down by weaker global energy prices and slowing growth in its domestic gas market. Net...
Russia’s energy companies have switched currency of their contracts to euros from US dollars in a move to shield its transactions from US sanctions. The country’s largest oil company Rosneft...
Russia, the world’s No. 2 oil producer, has become an unintended beneficiary of US sanctions after an embargo on Chinese ships drove up tanker freight rates, spurring record premiums for...
Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change...
Protesters clashed with Ecuadoran forces on Monday as they marched toward the capital to demonstrate against soaring fuel prices, with the government announcing three oil facilities had been seized,...
Saudi Aramco has restored full oil production and capacity to the levels they were at before attacks on its facilities on Sept. 14, the chief executive officer of its...
Business Bureau, Gulf Today Dubai recorded a non-oil foreign trade of Dhs676 billion in the first half of 2019, an increase of 5% year-on-year from Dhs644 billion in the corresponding...
Freight rates for US crude tankers bound for Asia were bid up to a more than three-year peak this week as US sanctions on a Chinese transport giant cut...
Saudi Arabia has restored its oil production capacity to 11.3 million barrels per day after Sept. 14 attacks on oil facilities, three sources briefed on Saudi Aramco's operations told...
Saudi Arabia has restored more than 75 per cent of crude output lost after attacks on its facilities and will return to full volumes by early next week, a...
