Energy Oil rises more than 2pc on firm yuan, expectations of more OPEC cuts NEW YORK: Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, cou Published 08 Aug, 2019 07:54pm
Energy Petrobras delays delivery of bids for LPG unit to next week RIO DE JANEIRO: Brazil's state-controlled oil company Petroleo Brasileiro SA has delayed until next week the delivery of Published 08 Aug, 2019 01:07pm
Energy Oil dives nearly 5pc to 7-month low on surprise US stock build, trade war HOUSTON: Oil prices tumbled more than 4.5% on Wednesday to a seven-month low, extending recent heavy losses followin Published 07 Aug, 2019 08:25pm
Energy Cuba to defend itself in US court over ExxonMobil lawsuit HAVANA: Cuba announced Tuesday it would defend itself in US court against oil giant ExxonMobil, which has accused two co Published 07 Aug, 2019 11:28am
Energy Brent oil in bear market as China-US trade tensions mount NEW YORK: Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barre Published 06 Aug, 2019 09:45pm
Energy US Gulf oil output slowdown in July cuts 2019 output growth NEW YORK: US oil output is expected to rise 1.28 million barrels per day to 12.27 million bpd this year, the US Ener Published 06 Aug, 2019 08:25pm
Energy Oil slightly lower as US-China trade tensions weigh NEW YORK: Oil prices fell slightly on Tuesday, with Brent crude remaining near seven-month lows just below $60 a bar Published 06 Aug, 2019 07:35pm
Americas Energy US natgas drops to new 3-year low on record output, falling LNG exports US natural gas futures fell to a fresh 38-month low on Monday after production rose to record highs over the weekend Published 05 Aug, 2019 09:33pm
Energy Oil falls 2pc as trade war concerns hit demand outlook NEW YORK: Global oil benchmark Brent futures fell more than 2% on Monday on global growth concerns after US Presiden Published 05 Aug, 2019 08:25pm
Energy Brazil's Petrobras starts process to sell exploration, production assets RIO DE JANEIRO: Brazilian state-run oil company Petroleo Brasileiro, or Petrobras, said in a statement on Monday it had Published 05 Aug, 2019 02:01pm
Energy US crude exports rise to monthly record of 3.16mn bpd in June -US Census NEW YORK: US crude oil exports surged 260,000 barrels per day (bpd) in June to a monthly record of 3.16 million bpd Published 02 Aug, 2019 07:11pm
Energy US shale boosts output as Exxon Mobil, Chevron report mixed results NEW YORK: US oil giants Exxon Mobil and Chevron reported mixed results Friday, as lower oil and natural gas prices blunt Published 02 Aug, 2019 04:07pm
Energy Imperial Oil's quarterly profit surges on Alberta tax benefit Canada's Imperial Oil Ltd reported a more than six-fold rise in quarterly profit on Friday, helped by a C$662 million be Published 02 Aug, 2019 01:55pm
Energy Exxon Mobil reports lower earnings but higher oil output NEW YORK: Exxon Mobil reported a drop in second-quarter earnings Friday due to lower crude prices and a hit from refiner Published 02 Aug, 2019 01:18pm
Americas Energy Venezuela oil exports slid 17.5pc in July as client portfolio shrank Venezuela's oil exports fell 17.5% in July to their second-lowest level since Washington imposed sanctions on the na Published 01 Aug, 2019 09:11pm
Energy Canadian Natural Resources eyes Alberta rail contracts amid pipeline congestion Canadian Natural Resources, the country's biggest oil and gas producer, is looking at taking on the Alberta provinci Published 01 Aug, 2019 09:07pm
Energy Oil slumps 7pc as Trump announces additional tariffs on Chinese imports NEW YORK: Oil prices plummeted more than 7% on Thursday, with the US benchmark posting its worst day in more than fo Published 01 Aug, 2019 08:37pm
Energy US natural gas futures extend gains on warm forecasts ahead of storage report US natural gas futures extended gains on Thursday after soaring over 4pc on Wednesday from a three-year low as meteorolo Published 01 Aug, 2019 03:46pm
Energy Canadian oil companies buy ads to pressure politicians ahead of election WINNIPEG, Manitoba: Three Canadian oil producing companies are buying newspaper advertisements ahead of an autumn federa Published 01 Aug, 2019 08:59am
Energy Oil rises as US crude stocks fall, market awaits US Fed rate cut NEW YORK: Oil prices rose for a fifth day on Wednesday, supported by a larger-than-expected drop in US inventories a Published 31 Jul, 2019 08:08pm
Energy US crude stocks slump 8.5mn bbls in seventh straight weekly fall US crude oil stockpiles fell for the seventh straight week, falling to their lowest levels since November even as produc Published 31 Jul, 2019 03:26pm
Energy Oil rises as market awaits US Fed rate cut LONDON: Oil prices rose for a fifth day on Wednesday, supported by a drop in US inventories and investor expectations th Published 31 Jul, 2019 01:46pm
Americas Energy Oil prices seen steady as demand woes mitigate supply risks Oil prices are expected to be range-bound near current levels this year as slowing economic growth and a protracted trad Published 31 Jul, 2019 01:45pm
Energy Ontario Power to buy three power plants from TC Energy for $2.18bn Ontario Power Generation Inc said on Tuesday its unit had entered a deal with affiliates of pipeline company TC Ener Published 30 Jul, 2019 10:40pm
Energy Oil rises on expectations of Fed rate cut, another U.S crude drawdown NEW YORK: Oil prices rose on Tuesday, on track to close at a two-week high, on optimism the US Federal Reserve will Published 30 Jul, 2019 07:15pm
Energy Brazil's Emae seeks partners for $1.7bn power project SAO PAULO: Brazilian energy company Empresa Metropolitana de Águas e Energia (Emae) is seeking partners for a $1.7 b Published 29 Jul, 2019 09:15pm
Energy Oil edges up on prospect of US interest rate cut NEW YORK: Oil prices edged higher on Monday as the prospect of an expected interest rate cut by the US Federal Reser Published 29 Jul, 2019 07:49pm
Energy US natural gas futures slip to fresh 3-year low on rising production US natural gas futures eased to a fresh three-year low on Monday with spot prices at their lowest in years, production r Published 29 Jul, 2019 02:19pm
Energy Chile's pristine Patagonia hit by oil spill SANTIAGO: Some 40,000 litres (10,500 gallons) of oil have spilt into the sea from a terminal on a remote island in Patag Published 28 Jul, 2019 12:14pm
Americas Energy Argentina's June gas production hits highest level in 11 years BUENOS AIRES: Argentina's gas production rose to 140 million cubic meters a day in June, the highest level in 11 yea Published 27 Jul, 2019 07:28pm
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees