Organisation of the Petroleum Exporting Countries (Opec) president Chakib Khelil reiterated on Saturday that Opec would not make a decision on output policy before its next…
There are plenty of explanations for what’s happening in the global oil markets. It’s caused by the economic boom in the world’s largest developing countries, particularly China…
A string of deals with foreign firms to plug financing gaps in Nigeria’s oil industry will help unlock significant shut-in potential in the world’s eighth biggest exporter.…
Oil climbed to a life-time high above a barrel on Wednesday, driven higher by a combination of long-term production worries and a near-term focus on tight fuel stocks. A United…
Oil markets are well supplied and high prices are the result of speculation, a weak dollar and geopolitical problems, Organisation of the Petroleum Exporting Countries (Opec)…
Indonesia said on Tuesday it may quit the Organisation of the Petroleum Exporting Countries (Opec) as its declining crude oil output prevents the country from meeting its Opec…
Representatives of the world’s leading gas producers are discussing Russian proposals for greater cooperation, according to the Iranian Oil Ministry. Ministers from the Gas…
Oil rose to a record high above on Tuesday, boosted by a jump in oil demand last month from China, the world’s second biggest energy consumer, and worries about supply from key…
Gunmen aboard a speedboat attacked a security vessel as it travelled to a major oil industry port in Nigeria’s Niger Delta, killing a Nigerian sailor, security sources said on…
Oil eased to under a barrel on Friday, but stayed within sight of its record high from the previous session, with a tumbling United States dollar, fund flows and Opec’s (the…
Ministers of the Organisation of the Petroleum Exporting Countries (Opec) on Wednesday agreed to keep oil output steady and said record high prices had been driven by factors…
Opec ministers are poised to hold output steady at a meeting on Wednesday, resisting pressure from top consumer the United States to pump more oil to help prop up a fragile…
Oil eased on Tuesday after it reached a record of almost a barrel in the previous session, buoyed by investor demand for commodities as well as expectations Opec will not…
Libyan leader Moammar Gadaffi urged a sweeping reform of government on Sunday, saying most of the Cabinet system should be dismantled as it had failed to manage the North…
Erai Maggi does not look like a villain who is destroying the planet; nor does he look like a hero who is saving the world’s poor. Wearing jeans and work boots, he can be found…
Venezuelan President Hugo Chávez stopped oil exports to Exxon Mobil on Tuesday, escalating a multibillion-dollar fight with the United States company two days after threatening…
The Organisation of the Petroleum Exporting Countries (Opec) on Thursday looked set to rebuff consumer calls for more crude oil, saying it was powerless to help stave off…
Al-Qaeda’s North Africa wing said it was behind a blast at a police station in Algeria which authorities said killed two people. Al-Qaeda Organisation in the Islamic Maghreb said…
Venezuelan police swooped down on an ambulance used by robbers escaping a bank siege on Tuesday, arresting all four men and freeing a group of captives to end a two-day hostage…
A car-bomb attack on a police station killed two people and wounded 23 in a town east of Algiers on Tuesday, the second such bombing in the Opec member in a month. Some residents…
