As oil firms slash billions of dollars of investment to survive the market crash, France’s Total and Italy’s Eni are making some of the smallest cuts, gambling in the hope Continue Reading
Oil prices extended gains on Monday that have lifted crude benchmarks by more than a third from this year’s lows, as tightening supply and an improving global outlook strengthened the Continue Reading
Oil prices kicked off the week on the rise Monday on hopes that major producers will curtail supply and as better economic data fueled hopes of improving demand. Brent crude, Continue Reading
Oil advanced from its highest closing level in two months in New York as U.S. drillers cut the number of active rigs to the least in more than six years Continue Reading
Work on a pipeline carrying oil from northern Iraq to Turkey should be complete “in a day or two”, an industry source based in the Kurdistan region said on Sunday, Continue Reading
The United Arab Emirates foresees a “correction” in crude prices by the end of the year, and the OPEC member has yet to receive an invitation to a possible meeting Continue Reading
Iranian billionaire Babak Zanjani will appeal his death sentence in an oil fraud case, his lawyer said. “The sentence is not final and there is room to dispute it,” Rasoul Continue Reading
At least 33 people were killed and 115 wounded in the Iraqi city of Hilla on Sunday when a fuel truck driven by a suicide bomber exploded at a checkpoint Continue Reading
Iran, a country boasting the fourth largest oil and the second largest gas reserves in the world, has become one of the most prominent topics in the news – for Continue Reading
An Iranian court has issued a death sentence against an Iranian oil tycoon, a judiciary spokesman told reporters Sunday, in a case widely portrayed as a symbol of corruption during Continue Reading
