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Energy

Iraqi, Saudi energy ministers say committed to output cuts

 Both sides said they were satisfied with improving oil market conditions, the agency added. 
 Saudi news channel

Published 23 May, 2020 07:47pm

Energy

Kuwait and Saudi Arabia to halt production from Al-Khafji joint oil field for a month

"Production cuts comes after OPEC+ meeting in April to cut oil production to rebalance global oil markets". "P

Published 20 May, 2020 10:09pm

Energy

Lebanon seeks foreign government-backed financing for power plants after default

Lebanon defaulted on sovereign debt in March Power reform seen as critical to fixing state finances Leban

Published 20 May, 2020 07:17pm

Energy

Saudi Arabia crude exports rise to 7.391mn bpd in March

Saudi Arabia built up its crude stocks in March by more than 3.5 million barrels to 2,964 million barrels from minu

Published 18 May, 2020 04:33pm

Energy

Abu Dhabi borrows $7bn as low oil price bite

OPEC kingpin Saudi Arabia last week raised $7 billion in a bond sale, while gas-rich Qatar sold bonds worth $10 bil

Published 19 Apr, 2020 02:48pm

Energy

Saudi Arabia seeks urgent OPEC+ meeting to stabilise oil market

The kingdom calls for an urgent meeting of OPEC+ and a group of other countries with the aim to try and reach a fai

Published 02 Apr, 2020 03:02pm

Energy

Saudi Arabia's crude oil supply rises above 12mn bpd

A global oil supply cut pact expired on Tuesday, lifting restrictions on output by OPEC members, Russia and other p

Published 01 Apr, 2020 02:03pm

Energy

Saudi Arabia's crude oil stockpiles fall in Dec

The top OPEC exporter pumped 9.594 million bpd in December, down from 9.890 million bpd in November. Crude exp

Published 18 Feb, 2020 10:19am

Energy

Saudi Arabia crude exports unchanged at 7.37mn bpd in December 2019

The country's crude output fell by 296,000 bpd to 9.59 million bpd in December, the data from the Joint Organisatio

Published 17 Feb, 2020 03:02pm

Energy

Saudi crude exports rise to 7.37mn bpd in November 2019: JODI

Crude oil exports in November 2019 rose to 7.37 million barrels per day, from 7.06 million bpd in October. Mon

Published 20 Jan, 2020 12:44pm

Energy

Nigeria inks major LNG expansion with oil majors

Train 7 will boost LNG output to 30 mln t/y Deal shows "renewed confidence" from investors - Kyari FID wa

Published 27 Dec, 2019 01:35pm

Energy

Billion-dollar LNG project in southern Mozambique expected in 2020

The project will see a floating storage and regasification unit moored in the harbour of Matola, a suburb of the ca

Published 27 Nov, 2019 09:30pm

Energy

Qatar LNG production to rise to 126mn T by 2027

Qatar is one of the most influential players in the LNG market due to its huge production. The estimated incre

Published 25 Nov, 2019 11:09am

Energy

Saudi oil output seen at 9.86mn bpd in Oct, Nov

Saudi Arabia will reach 12 million bpd of oil production capacity. RIYADH: Saudi Energy Minister Prince Abdul

Published 14 Oct, 2019 10:33am

Energy

Egypt lowers fuel prices after protests

Egypt lowered fuel prices on Friday, the oil ministry said. The move comes a week after rare protests broke ou

Published 04 Oct, 2019 12:17pm

Energy

Azerbaijan ships 164,900 T of oil via Russia in Sept

Azerbaijan shipped 164,900 tonnes of oil via Russia in September, two months after it resumed shipments after a fou

Published 02 Oct, 2019 12:11pm

Energy

Iraq oil exports fell to 3.576mn bpd in September

Iraq's oil deliveries to Jordan by trucks were at 7,000 barrels per day. The average sale price in September w

Published 01 Oct, 2019 02:14pm

Energy

Saudi Aramco plans to pay base dividend of $75 billion in 2020

Saudi Aramco plans to pay a base dividend of $75 billion in 2020, it said in a corporate overview posted to its web

Published 30 Sep, 2019 02:02pm

Energy

Nigeria lost 22 million barrels of oil in six months: official

Nigeria lost 22 million barrels of oil in six months, worth $1.35 billion. The alarming news was delivered by

Published 20 Sep, 2019 08:45am

Energy

U.S. and Gulf allies discuss response to Saudi oil attack

Gulf allies possible responses to an attack on Saudi oil facilities they blame on Iran and which U.S. Secretary of

Published 19 Sep, 2019 10:57am

Energy

Saudi Arabia promises concrete proof Iran behind oil attack

JEDDAH: Saudi Arabia said it would produce evidence on Wednesday linking regional rival Tehran to an unprecedented attac

Published 18 Sep, 2019 10:40am

Energy

Saudi, Russia call for better compliance with oil cuts

ABU DHABI: Saudi Arabia and Russia called on Thursday for members of OPEC and its allies to better comply with oil produ

Published 12 Sep, 2019 08:53am

Energy

Jordan receives first Iraqi oil for 5 years

AMMAN: Jordan said it received its first shipment Wednesday of Iraqi oil, interrupted for five years by the Islamic Stat

Published 04 Sep, 2019 10:18pm

Energy

Qatar Petroleum books full capacity of Belgian LNG terminal up to 2044

CAIRO: Qatar Petroleum on Monday said that affiliates of the company and the Belgian independent natural gas transport c

Published 02 Sep, 2019 09:12pm

Energy

Eni reports huge oil, gas find in Nigeria

LAGOS: Italian oil major Eni said Wednesday that Nigerian subsidiary Agip has found lots of gas and oil in an onshore fa

Published 28 Aug, 2019 10:35am

Energy

Africa Crude-Spot market muted, Pertamina issues tender

LONDON: A sizeable overhang of September-loading crude weighed on the market on Tuesday, with October trading yet to get

Published 27 Aug, 2019 08:06pm

Energy

Iran says oil tanker breaks down in Red Sea

DUBAI: An Iranian oil tanker has broken down in the Red Sea but the crew are safe and repairs are underway, Iran's state

Published 21 Aug, 2019 08:09am

Energy

UAE's ADNOC acquires stake in VTTI oil storage business

DUBAI: Abu Dhabi National Oil Co (ADNOC) said on Wednesday it will acquire a stake in VTTI, a Vitol-backed global energy

Published 07 Aug, 2019 12:00pm

Energy

Saudi energy minister, US counterpart express concern over threats targeting freedom of maritime traffic

CAIRO: Saudi Arabia's energy minister Khalid Al-Falih and US Energy Secretary Rick Perry on Tuesday expressed concer

Published 06 Aug, 2019 09:33pm

Energy

Saudi non-oil private sector growth slips to five-month low in July -PMI

DUBAI: Growth in Saudi Arabia's non-oil private sector lost momentum and slipped to a five-month low in July partly beca

Updated 05 Aug, 2019 10:19am

Energy

Kuwait, Iraq sign up UK energy adviser for joint oilfield study

DUBAI: Kuwait and Iraq signed an agreement on Friday with British energy advisory firm ERC Equipoise to prepare a st

Published 02 Aug, 2019 07:08pm

Energy

Saudi Arabia keeps July oil output below 10 mn bpd- Saudi source

DUBAI: Saudi Arabia's oil production fell to 9.6 million barrels per day in July and will stay below 10 million bpd in t

Published 31 Jul, 2019 02:57pm

Energy

Oman signs gas exploration agreement with Italy's Eni and BP Oman

DUBAI: Oman's ministry of oil and gas has signed a gas exploration agreement with Italy's Eni and BP Oman for concession

Published 31 Jul, 2019 08:43am

Energy

Singapore's sovereign wealth fund to invest $600 million ADNOC's crude pipelines

DUBAI: Singapore's sovereign wealth fund (GI.UL] will invest $600 million in ADNOC's crude pipeline infrastructure, foll

Published 30 Jul, 2019 01:28pm

Energy

Middle East Crude-Benchmarks mixed, Sakhalin premiums stay firm

SINGAPORE: Middle East crude benchmarks were mixed on Monday as Oman weakened after three strong sessions while Dubai an

Published 29 Jul, 2019 12:51pm

Energy

Old habits die hard: Saudi Arabia struggles to end oil addiction

DUBAI: When Saudi Aramco was on the verge of a deal last year to buy a stake in an Indian oil refinery, its boss quickly

Published 25 Jul, 2019 06:25am

Energy

Kuwaiti, Saudi officials discuss resuming Neutral Zone oil production

CAIRO: OPEC members Saudi Arabia and Kuwait have discussed resuming oil production in jointly operated fields in the

Published 24 Jul, 2019 07:49pm

Energy

Namibia plans to add 220 MW to electricity grid by 2023

WINDHOEK: Namibia's power utility NamPower plans to add 220 MW in new electricity capacity by 2023, as the uranium-p

Published 24 Jul, 2019 07:07pm

Energy

Libya resumes oil output at largest field after 'sabotage'

TRIPOLI: Libya announced the resumption of production Monday at its largest oil field and the loading of crude at a ship

Published 22 Jul, 2019 01:26pm

Energy

China/Abu Dhabi oil firms sign exploration, refining agreement

BEIJING/SINGAPORE/Dubai: China National Offshore Oil Co (CNOOC) has signed an agreement with Abu Dhabi National Oil Co (

Published 22 Jul, 2019 01:10pm

Energy

Zimbabwe increases fuel prices again, but pumps remain dry

HARARE: Zimbabwe hiked fuel prices on Monday for the second time in a week but most pumps remained dry, with no end in s

Published 22 Jul, 2019 11:25am

Energy

Saudi Arabia's May crude exports hit lowest in over 1-1/2 years

Saudi Arabia's crude oil exports fell to their lowest since October 2017 in May at 6.94 million barrels per day (bpd), d

Published 19 Jul, 2019 07:50pm

Energy

Saudi Arabia's May crude exports hit lowest in over 1-1/2 years

Saudi Arabia's crude oil exports fell to their lowest since October 2017 in May at 6.94 million barrels per day (bpd

Published 19 Jul, 2019 03:43pm

Energy

Libya's H1 oil revenue dips to $10.2bn

TRIPOLI: Libya's oil revenue dropped 11.2% to 14.3 billion dinars ($10,2 billion) in the first six months of 2019, c

Published 15 Jul, 2019 03:05pm

Energy

West Africa Crude-Total awarded IOC tender with Suezmax

LONDON: Vitol and Total won a tender from India's IOC which closed on Thursday, with the latter due to send a Suezmax fo

Published 12 Jul, 2019 08:21pm

Energy

Kuwait Petroleum hires NBK Capital to advise on $2bn financing

KUWAIT: Kuwait Petroleum Corp has hired NBK Capital to advise it on a financing of around $2 billion that is likely to c

Published 09 Jul, 2019 09:17pm

Energy

Aramco awards $18bn in contracts to boost capacity at Marjan, Berri oilfields

DUBAI: Saudi Aramco has awarded 34 contracts with a total value of $18 billion for engineering, procurement and construc

Published 09 Jul, 2019 09:00pm

Energy

Saudi Arabia keeps its oil output steady in June

DUBAI: Saudi Arabia has pumped 9.782 million barrels of oil per day (bpd) in June, an OPEC source said on Friday, up

Published 05 Jul, 2019 01:31pm

Energy

Nigeria's state oil firm to change payment structure for joint ventures

LAGOS: Nigeria's NNPC said on Thursday it was planning to change the way energy joint ventures paid operating costs to h

Published 04 Jul, 2019 09:05pm

Energy

Nigeria's NNPC says it paid debts owed to Mobil Producing Nigeria

LAGOS: Nigerian state oil company NNPC on Wednesday said it had fully settled its debts to ExxonMobil's local subsidiary

Published 03 Jul, 2019 09:17pm

Energy

Shell, Nigerian communities agree to reopen oil flow station, says official

ABUJA: International oil major Shell and Nigerian stakeholder communities agreed to reopen the flow station for the Oil

Published 02 Jul, 2019 08:24pm

Energy

Saudi Arabia's Falih says Aramco IPO to happen in 2020-21

VIENNA: Saudi Arabia is working towards listing Saudi Aramco in 2020-21 as the state oil giant moves towards completing

Published 02 Jul, 2019 08:22pm

Energy

Iraq oil minister says OPEC members seek inventories control, market balance

DUBAI: Iraq's oil minister said on Monday that his government and the rest of OPEC seek to control global oil invent

Published 01 Jul, 2019 02:18pm

Energy

Saudi Falih says OPEC consensus is for rollover of oil cut

VIENNA: OPEC members agree on the need to extend oil production cuts but are undecided whether it needs to be for six or

Published 30 Jun, 2019 08:05pm

Energy

Saudi Aramco sets July propane price at $375 a tonne, butane at $355 a tonne

DUBAI: Saudi Arabia's state oil giant Aramco has set its July propane price at $375 a tonne, down from $430 in June, the

Published 30 Jun, 2019 07:54am

Energy

Iraq's southern oil exports average 3.44mn bpd so far in June

BASRA: Iraq's oil exports from its southern ports have reached 3.44 million barrels per day (bpd) so far in June, tw

Published 28 Jun, 2019 03:55pm

Energy

Saudi Aramco concerned over Gulf attacks, has capacity to meet demand: CEO

SEOUL: Saudi Aramco is concerned at recent actions in the Gulf but can meet its customers' needs thanks to its experienc

Published 25 Jun, 2019 08:56am

Energy

Qatar Petroleum agrees deal with Chevron for new petchem complex

DOHA: Qatar Petroleum signed an agreement on Monday with U.S. oil major Chevron for the development of a new petrochemic

Published 24 Jun, 2019 11:30am

Energy

US ‘very pleased’ that Saudi Arabia ensuring well-supplied oil market

RIYADH: The United States is "very pleased" that Saudi Arabia is making sure that the global oil market is well supp

Published 21 Jun, 2019 01:18pm

Energy

Gulf oil producers to maintain output within OPEC target in July

DUBAI: Gulf OPEC producers will keep their July oil production within their OPEC target despite the current global s

Published 20 Jun, 2019 04:50pm

Energy

OPEC, non-OPEC to meet next on July 1-2

DUBAI: OPEC has agreed to move its next meeting to July 1, followed by a meeting with non-OPEC allies on July 2, accordi

Published 19 Jun, 2019 03:30pm

Energy

Middle East crude oil futures at 0830 GMT

The table below gives the prices of Brent futures trading on the Intercontinental Exchange (ICE) as well as Oman futures

Published 19 Jun, 2019 02:33pm

Energy

Saudi Arabia crude exports rise by 36,000 bpd in April: JODI

Saudi Arabia's crude oil exports in April rose by 36,000 barrels per day (bpd) month-on-month to 7.177 million bpd,

Published 17 Jun, 2019 08:08pm

Energy

Angola crude exports to rise in August: industry source

Angola will export 45 crude oil cargoes in August, up from 44 originally planned in July, an industry source said on Mon

Published 17 Jun, 2019 02:41pm

Energy

Saudi Arabia crude exports rise to 7.177mn bpd in April

Saudi Arabia's crude oil exports in April rose to 7.177 million barrels per day (bpd) from 7.141 million bpd in March, o

Published 17 Jun, 2019 01:44pm

Energy

Saudi Arabia committed to Aramco IPO: crown prince

RIYADH: Saudi Arabia remains committed to selling shares in national oil conglomerate Aramco through an initial public o

Published 16 Jun, 2019 12:52pm

Energy

US allows Iraq to import Iranian energy for three more months

BAGHDAD: The United States has allowed Iraq to import Iranian gas for its power grid for another three months by ext

Published 15 Jun, 2019 08:11pm

Energy

Energy minister says Saudi Arabia is committed to keeping oil markets supplied

DUBAI: Saudi Energy Minister Khalid al-Falih said on Thursday that Saudi Arabia and Aramco are committed to providing re

Published 14 Jun, 2019 12:13pm

Energy

Iran denies tankers attack as tensions soar

DUBAI: Iran dismissed as "baseless" Friday US accusations that it carried out twin attacks that left two tankers ablaze

Published 14 Jun, 2019 07:45am

Energy

Energy minister says Saudi Arabia is committed to keeping oil markets supplied

DUBAI: Saudi Energy Minister Khalid al-Falih said on Thursday that Saudi Arabia and Aramco are committed to providin

Published 13 Jun, 2019 09:46pm

Energy

Uganda expects final investment decision for oil refinery in September

KAMPALA: Uganda expects a final investment decision for a planned crude oil refinery to be reached in September, Finance

Published 13 Jun, 2019 03:47pm

Energy

Middle East crude oil futures at 0830 GMT

The table below gives the prices of Brent futures trading on the Intercontinental Exchange (ICE) as well as Oman futures

Published 12 Jun, 2019 01:41pm

Energy

Nigeria's Pelfaco signs oil production sharing deal with Congo Republic

BRAZZAVILLE: Nigerian private oil and gas company Pelfaco signed a production sharing deal with Congo Republic's sta

Published 11 Jun, 2019 06:27pm

Energy

Cameroon's only oil refinery halted, four units damaged after fire

DOUALA: Four units are down at Cameroon's only refinery, but the shortage will be covered by imports starting on Tuesday

Published 03 Jun, 2019 10:13am

Energy

Angola, Eni make new offshore oil discovery

JOHANNESBURG: Angola and Italy's Eni have identified another deepwater oil reserve off the southern African country's s

Published 03 Jun, 2019 10:12am

Energy

Exxon foreign staff to return to Iraqi oilfield with extra security

BASRA: Exxon Mobil employees will start returning to Iraq's West Qurna 1 oilfield on Sunday after the company received a

Published 31 May, 2019 12:05pm

Energy

Algeria's gas exports fall to 51.5bn cubic metres in 2018

ALGIERS: Algeria exported 51.5 billion cubic metres of gas in 2018, down from 54 billion in 2017, state energy firm

Published 28 May, 2019 07:45pm

Energy

Nigeria to reduce JV oil assets to 40pc in 2019

ABUJA: Nigeria's president has ordered the government to reduce all shares in joint venture oil assets to 40 percent in

Published 28 May, 2019 01:21pm

Energy

Saudi Aramco sets June propane price at $430 a tonne, butane at $415 a tonne

DUBAI: Saudi Arabia's state oil giant Aramco has set its June contract price for propane at $430 a tonne, down from $525

Published 28 May, 2019 12:29pm

Energy

Qatar Petroleum awards pipelines design contract for North Field project

DUBAI: Qatar Petroleum awarded McDermott Middle East Inc. an engineering and design contract for pipelines and other fac

Published 27 May, 2019 03:54pm

Energy

Kuwait oil minister sees balanced oil market towards end 2019

DUBAI: The oil market is expected to be in balance towards the end of 2019, as global inventories fall and demand remain

Published 27 May, 2019 03:34pm

Energy

Nigeria's Trans Forcados oil pipeline resumes operations

LONDON: Nigeria's Trans Forcados oil pipeline resumed flows on Friday, a source familiar with the pipeline's operati

Published 24 May, 2019 05:14pm

Energy

Field for Nigeria's Amenam oil exports slow resuming

LONDON: Oil production at the Ofon oilfield, which feeds into exports of Nigeria's Amenam crude oil, resumed at a "r

Published 24 May, 2019 05:12pm

Energy

Libya's NOC calls on eastern forces to free head of oil union

CAIRO: Libya's national oil corporation NOC on Thursday called on Haftar's Eastern Libyan forces to release the head of

Published 24 May, 2019 12:46pm

Energy

Saudi Arabia to buy US LNG from Sempra Energy: WSJ

Saudi Arabian Oil Co, known as Aramco, has agreed to buy US liquefied natural gas (LNG) from San Diego-based Sempra Ener

Published 22 May, 2019 02:54pm

Energy

Saudi Aramco signs US LNG deal with Sempra

DUBAI: Saudi Aramco has entered into a 20-year agreement with US-based Sempra Energy to purchase liquefied natural gas(L

Published 22 May, 2019 11:27am

Energy

Saudi Aramco signs U.S. LNG deal with Sempra

DUBAI: Saudi Aramco has entered into a 20-year agreement with U.S.-based Sempra Energy to purchase liquefied natural gas

Published 22 May, 2019 08:10am

Energy

Zimbabwe hikes fuel prices again as crisis deepens

HARARE: Zimbabwe on Tuesday announced a fresh increase in fuel prices, months after a price hike triggered nationwide pr

Published 21 May, 2019 03:01pm

Energy

Middle East crude oil futures at 0830 GMT

The table below gives the prices of Brent futures trading on the Intercontinental Exchange (ICE) as well as Oman futures

Published 21 May, 2019 12:56pm

Energy

Libya's NOC chief says instability could lead to 95pc oil production loss

JEDDAH: Libya's National Oil Corporation (NOC) chief said on Saturday continued instability in Libya could make it l

Published 18 May, 2019 04:09pm

Energy

Saudi's Falih says not sure there is oil shortage, OPEC will act

JEDDAH: Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil mark

Published 18 May, 2019 12:27pm

Energy

Iraq's southern oil exports at 3.5mn bpd so far in May

BASRA: Iraq's oil exports from its southern ports have reached 3.5 million barrels a day (bpd) crude oil as of Satur

Published 18 May, 2019 11:41am

Energy

Saudi to supply an extra 2mn barrels/month to Indian Oil Corp from July

NEW DELHI: Saudi Aramco will supply state-run Indian Oil Corp Ltd (IOC) an extra 2 million barrels of crude a month

Published 17 May, 2019 04:12pm

Energy

Saudi Aramco to supply extra 2mn barrels/month to Indian Oil from July

NEW DELHI: Saudi Aramco will supply Indian Oil Corp Ltd an extra 2 million barrels of crude every month during July-

Published 17 May, 2019 12:43pm

Energy

Saudi Aramco resumes oil pumping via pipeline after drone attack: source

DUBAI: Saudi Aramco has resumed crude oil pumping via its East-West pipeline after shutting it down temporarily for chec

Published 15 May, 2019 08:48pm

Energy

Saudi Arabia says oil facilities outside Riyadh attacked

RIYADH/DUBAI: Saudi Arabia said armed drones had struck two oil pumping stations in the kingdom on Tuesday in what it ca

Published 14 May, 2019 06:22pm

Energy

Saudi Arabia's oil exports to stay below 7mn bpd in June- Gulf

DUBAI: Saudi Arabia is expected to keep its crude exports below 7 million barrels per day in June, while output will sta

Published 08 May, 2019 08:14pm

Energy

Saudi Arabia's oil exports to stay below 7mn bpd in June

DUBAI: Saudi Arabia is expected to keep its crude exports below 7 million barrels per day in June, while output woul

Published 08 May, 2019 03:47pm

Energy

South Africa inks oil exploration deal with South Sudan

JUBA: South Africa on Monday signed a deal for the exploration and production of oil in South Sudan, as part of a $1 bil

Published 06 May, 2019 07:10pm

Energy

South Sudan agrees oil exploration deal with South Africa

JUBA: South Sudan and South Africa on Monday signed a six-year production-sharing agreement for an untapped explorat

Published 06 May, 2019 02:22pm

Energy

Nigeria's Nembe Creek oil trunk line shuts due to leaks

ABUJA: Nigeria's Nembe Creek oil trunk line has shut down due to leaks, the line's operator said on Monday. "Two

Published 06 May, 2019 01:57pm

Energy

Iran's National Oil Co to open office in Iraq: Fars

DUBAI: The National Iranian Oil Company (NIOC) will open an office in Iraq, the semi-official Fars News Agency said on S

Published 04 May, 2019 07:43pm

Energy

Saudi oil output may rise in June, but U.S. may not get the extra exports it wants

DUBAI/LONDON: Saudi Arabia's oil output may edge up in June, sources familiar with the kingdom's policy said, but the ex

Published 03 May, 2019 08:38am

Energy

Goal of June OPEC meeting to extend output cuts - Oman oil minister

DOHA: The goal of OPEC's meeting in June will be to extend the output cut agreement reached last year, Oman's energy min

Published 01 May, 2019 09:20pm

Energy

Oil prices mixed as talk of extending OPEC cuts faces rising US supply

NEW YORK: Oil futures ended little changed on Wednesday after supply curbs, including further talk on an extension to OP

Published 01 May, 2019 09:15pm

Energy

Iraq's oil exports reach 3.466mn bpd in April: ministry

BAGHDAD: Iraq's oil exports rose to 3.466 million barrels per day (bpd) in April from 3.377 million bpd the previous mon

Published 01 May, 2019 08:20pm

Energy

Iraq's oil exports reach 3.466mn bpd in April

BAGHDAD: Iraq's oil exports rose to 3.466 million barrels per day (bpd) in April from 3.377 million bpd the previous

Published 01 May, 2019 04:40pm

Energy

Qatar says tightening Iran sanctions harms oil consuming nations

DOHA: The foreign minister of US-allied Qatar said on Wednesday that Washington's decision not to extend sanction wa

Published 01 May, 2019 04:35pm

Energy

Saudi's Falih will stick to global oil deal, pact could be extended: RIA

MOSCOW: Saudi Arabia will not rush to boost oil supply to make up for a loss of Iranian crude due to US sanctions, and w

Published 30 Apr, 2019 08:46pm

Energy

Iraq's southern oil exports 3.33mn bpd so far in April

BASRA: Crude oil exports from Iraq's southern ports on the Gulf have averaged 3.33 million barrels per day (bpd) in

Published 29 Apr, 2019 01:21pm

Energy

South Sudan oil exports disrupted by Port Sudan protests

JUBA: South Sudan's oil exports have been disrupted after oil workers in the city of Port Sudan in neighbouring Sudan we

Published 26 Apr, 2019 09:53pm

Energy

Saudi, UAE overstate their oil capacities - Iran oil minister

DUBAI: Iranian Oil Minister Bijan Zanganeh said Saudi Arabia and the United Arab Emirates overstate their oil capacities

Published 26 Apr, 2019 07:51am

Energy

Saudi Aramco looking at potential gas JVs, sells first LNG cargo: CEO

RIYADH: Saudi Aramco's chief executive said on Thursday the company was in discussions with many partners around the wor

Published 25 Apr, 2019 08:27pm

Energy

Iraq on track to be third oil supplier in 2030: IEA

BAGHDAD: Iraq is on track to produce nearly six million barrels of crude daily by 2030, the International Energy Age

Published 25 Apr, 2019 03:01pm

Energy

Iraq has enough oil capacity to meet customer needs - oil minister

BAGHDAD: Iraq's oil minister said on Thursday his country had the capacity to increase its oil production to 6 million b

Published 25 Apr, 2019 10:35am

Energy

Nigeria's oil minister and Saudi Aramco discuss investment options

LAGOS: Nigerian Oil Minister Emmanuel Kachikwu and the president of Saudi Aramco have discussed investment options i

Published 24 Apr, 2019 04:14pm

Energy

Saudi's Falih: no need for immediate action after end of Iran oil waivers

RIYADH: Saudi Energy Minister Khalid al-Falih said on Wednesday he sees no need to raise oil output immediately afte

Published 24 Apr, 2019 02:55pm

Energy

Saudi plans to keep oil output within levels of OPEC cuts

RIYADH: Saudi Arabia's Energy Minister Khalid al-Falih said on Wednesday that the kingdom's crude production would r

Published 24 Apr, 2019 02:41pm

Energy

Saudi Energy Minister says oil giant Aramco will be active in the debt markets

RIYADH: Saudi Aramco will be active in debt markets and that the $12 billion it raised in its debut international bond i

Published 24 Apr, 2019 08:01am

Energy

Kuwait Petroleum Corp gets government approval for loans for investments

DUBAI: Kuwait's government has given the green light to Kuwait Petroleum Corporation to borrow from various financial in

Published 23 Apr, 2019 08:41am

Energy

Gas imports to Iraq from Iran will rise in June -ministry

BAGHDAD: Gas import shipments to Iraq from Iran will increase to 35 million cubic metres in June from 28 million cubic m

Published 22 Apr, 2019 07:52pm

Energy

Iraq 'ready' to boost crude exports after Iran waivers end

BAGHDAD: Iraq is ready to boost oil exports by 250,000 barrels a day to compensate for any shortfalls once US sancti

Published 22 Apr, 2019 04:34pm

Energy

Riyadh to 'stabilise' oil market after US move to end Iran waivers

RIYADH: Riyadh is committed to "stablise" the oil market after a US decision to end sanction exemptions for Iran's c

Published 22 Apr, 2019 01:57pm

Energy

Qatar Petroleum launches LNG ship construction program

DUBAI: Qatar Petroleum said on Monday it had invited bids for ship construction capacity required for its LNG carrie

Published 22 Apr, 2019 01:11pm

Energy

Gas imports to Iraq from Iran will rise in June

BAGHDAD: Iraq has no alternative to importing Iranian gas, the country's electricity ministry said on Monday, adding

Published 22 Apr, 2019 01:10pm

Energy

Middle East Crude-Dubai hits more than 5 year high on Iran sanctions

SINGAPORE: Middle East crude benchmark Dubai jumped on Monday to the highest premium in more than five years ahead o

Published 22 Apr, 2019 01:07pm

Energy

Qatar Petroleum in 10-year naphtha sales deal with Thailand's SCG Chemicals

DUBAI: Qatar Petroleum said on Sunday it had concluded a 10 year sales agreement to supply Thailand's SCG Chemicals with

Published 21 Apr, 2019 11:18pm

Energy

South Sudan economy to rebound on oil output, peace deal, finance minister says

DUBAI: South Sudan will run a balanced budget this year and its economy will rebound as oil production rises and a peace

Published 17 Apr, 2019 02:50pm

Energy

Aramco plans to buy Shell's stake in Saudi refining JV -sources

DUBAI: Saudi Aramco plans to buy Royal Dutch Shell's 50 percent stake in Saudi refining complex SASREF, a joint venture

Published 17 Apr, 2019 02:27pm

Energy

Aramco in talks to buy stake in refining business of India's Reliance

DUBAI/NEW DELHI: State oil giant Saudi Aramco, the world's biggest oil producer, is in talks to buy a minority stake in

Published 17 Apr, 2019 02:26pm

Energy

Iran closes oil wells in flood-hit Khuzestan province, output drops

DUBAI: Iran has shut around a dozen oil wells in its oil-rich southwestern Khuzestan province because of massive floods,

Published 17 Apr, 2019 10:11am

Energy

Saudi Aramco in talks to buy stake in Reliance Industries' refining and petchem businesses - sources

DUBAI: State oil giant Saudi Aramco, the world's biggest oil producer, is in talks to buy a stake in the refining and pe

Published 17 Apr, 2019 08:53am

Energy

Saudi Aramco in talks to buy stake in Reliance Industries' refining and petchem businesses - sources

DUBAI: State oil giant Saudi Aramco, the world's biggest oil producer, is in talks to buy a stake in the refining and pe

Published 17 Apr, 2019 06:37am

Energy

Iran's oil exports hit new 2019 low so far in April

LONDON: Iran's crude oil exports have dropped in April to their lowest daily level this year, tanker data showed and ind

Published 16 Apr, 2019 03:36pm

Energy

Aramco buys $1.2 bln stake in South Korean refiner Hyundai Oilbank

SEOUL: State-owned Saudi Aramco has agreed to buy a 1.4 trillion won ($1.24 billion) stake in South Korean oil refiner H

Published 15 Apr, 2019 01:38pm

Energy

Qatar petroleum invites three groups to bid for North Field LNG train construction

DUBAI: Qatar Petroleum has invited three groups to bid for engineering procurement and construction packages on liquefie

Published 15 Apr, 2019 10:21am

Energy

Iran says oil market is fragile due to U.S. pressures on Iran, Venezuela

LONDON: Iran's oil minister said on Sunday that the supply-demand balance in the global oil market is fragile due to U.S

Published 14 Apr, 2019 03:37pm

Energy

Abu Dhabi's pension fund joins KKR, BlackRock in ADNOC pipeline deal

DUBAI: Abu Dhabi National Oil Company (ADNOC) said on Sunday that Abu Dhabi Retirement Pensions and Benefits Fund (ADRPB

Published 14 Apr, 2019 03:29pm

Energy

UAE energy minister says Russia committed to OPEC+ oil cuts

ABU DHABI: United Arab Emirates' energy minister said on Wednesday that Russia was committed to its oil supply cut agree

Published 10 Apr, 2019 01:17pm

Energy

Aramco gives initial guidance for six-tranche debut dollar bond

DUBAI: Saudi Aramco has given initial price guidance for its debut international bond, which is split into tranches rang

Published 08 Apr, 2019 03:55pm

Energy

Russia signals OPEC and allies could raise oil output from June

MOSCOW/LONDON: One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signalled on Monday

Published 08 Apr, 2019 11:36am

Energy

Saudi Arabia tries to develop counter-leverage with dollar threat

LONDON: Saudi Arabia's threat to sell its oil in currencies other than the dollar if the United States enacts anti-OPEC

Published 05 Apr, 2019 02:12pm

Energy

Qatar raises March Marine crude OSP to $67.55/bbl

SINGAPORE: Qatar has set its March retroactive official selling price (OSP) for its Marine crude at $67.55 a barrel, up

Published 05 Apr, 2019 02:10pm

Energy

ADNOC weighs secondary listing overseas for distribution business -sources

DUBAI: Abu Dhabi National Oil Company (ADNOC) is considering a secondary listing for its subsidiary ADNOC Distribution o

Published 05 Apr, 2019 01:51pm

Energy

West Africa Crude-Buyers await Nigerian crude price drop, Angolan sells well

LONDON: Angolan crude continued to sell briskly, filling a gap in the market for medium-heavy grades, while a build-up o

Published 04 Apr, 2019 04:11pm

Energy

ADNOC Distribution shareholders approve hefty dividend increase

ABU DHABI: Shareholders of ADNOC Distribution, the fuel distribution arm of Abu Dhabi National Oil Company, on Thursday

Published 04 Apr, 2019 02:37pm

Energy

UAE's ADNOC raises March Murban crude OSP to 5-mth high

DUBAI: Abu Dhabi National Oil Company (ADNOC) set its March retroactive selling price for benchmark Murban crude at $68.

Published 04 Apr, 2019 09:59am

Energy

UAE's ADNOC raises March Murban crude OSP to 5-mth high

DUBAI: Abu Dhabi National Oil Company (ADNOC) set its March retroactive selling price for benchmark Murban crude at $68.

Published 03 Apr, 2019 12:51pm

Energy

UAE's ADNOC raises March Murban crude OSP to 5-mth high

DUBAI: Abu Dhabi National Oil Company (ADNOC) set its March retroactive selling price for benchmark Murban crude at $68.

Published 03 Apr, 2019 08:09am

Energy

Three countries cut Iran oil imports to zero: US envoy

WASHINGTON: Three of eight countries granted waivers by Washington to import oil from Iran have now cut the imports

Published 02 Apr, 2019 10:29pm

Energy

UAE's ADNOC signs new long-term agreement for base oil sales into China

DUBAI: Abu Dhabi National Oil Company (ADNOC) concluded a significant long-term sales agreement with the Xiamen Sinolook

Published 02 Apr, 2019 02:11pm

Energy

Iraq's oil exports decline in March amid bad weather, OPEC cuts

BAGHDAD: Iraq's oil exports fell month-on-month to an average of 3.377 million barrels per day (bpd) in March, the O

Published 01 Apr, 2019 09:57pm

Energy

South Sudan targets steep oil output boost by June

JUBA: South Sudan hopes boost crude production by close to 50 percent by June, its oil minister said on Monday, targ

Published 01 Apr, 2019 07:43pm

Energy

South Sudan targets 70,000 bpd oil production boost by June

South Sudan is hoping to boost oil production by 70,000 barrels per day (bpd) by June, the minister for petroleum said o

Published 01 Apr, 2019 02:31pm

Energy

Saudi Aramco hires banks ahead of debut multi-tranche dollar bond - document

DUBAI: Saudi Aramco, the world's top oil producer, has hired banks ahead of a planned multi-tranche debut dollar bond is

Published 01 Apr, 2019 01:06pm

Energy

Saudi Aramco gets first credit ratings ahead of bond debut

DUBAI: Saudi Aramco, the world's top oil producer, has been rated A+ by Fitch and A1 by Moody's in its first-ever credit

Published 01 Apr, 2019 06:51am

Energy

Brazil state-run oil firm Petrobras puts LPG distribution unit on the block

RIO DE JANEIRO: Brazilian state-run oil firm Petroleo Brasileiro SA has begun the teaser phase for the sale of its lique

Published 29 Mar, 2019 12:54pm

Energy

Iraq's southern oil exports 3.45mn bpd so far in March: officials

BASRA: Crude oil exports from Iraq's southern ports on the Gulf stand at around 3.45 million barrels per day (bpd) s

Published 28 Mar, 2019 07:37pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 26	252.10

Gainers
Losers
Leaders

Stock	Price
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Dar-es-Salaam / Dec 26 Dar-es-Salaam Textile Mills Limited(DSML)	51.25 ▲ 4.66 (10.00%)
Liven Pharma / Dec 26 Liven Pharma Limited(LIVEN)	113.10 ▲ 10.28 (10.00%)
Ghani Chem. Ind. / Dec 26 Ghani Chemical Industries Limited(GCIL)	17.74 ▲ 1.61 (9.98%)
Sardar Chemical / Dec 26 Sardar Chemical Industries Limited(SARC)	40.30 ▲ 3.63 (9.90%)
Al-Khair Gadoon / Dec 26 Al-Khair Gadoon Limited(AKGL)	50.90 ▲ 4.56 (9.84%)
Shams Textile / Dec 26 Shams Textile Mills Limited(STML)	28.66 ▲ 2.55 (9.77%)
B.R.R. Guardian / Dec 26 B.R.R. Guardian Limited(BRRG)	22.79 ▲ 1.97 (9.46%)
Engro Poly(Pref / Dec 26 Engro Poly(Pref)(EPCLPS)	11.98 ▲ 0.86 (7.73%)

Stock	Price
Hoechst Pak. / Dec 26 Hoechst Pakistan Limited(HPL)	2,565 ▼ -285.00 (-10.00%)
Unicap Modaraba / Dec 26 Unicap Modaraba(UCAPM)	2.85 ▼ -0.31 (-9.81%)
J.A.Textile / Dec 26 J.A. Textile Mills Limited(JATM)	31.02 ▼ -2.93 (-8.63%)
Bannu Woollen / Dec 26 Bannu Woollen Mills Limited(BNWM)	33.12 ▼ -2.92 (-8.10%)
I.C.C. Ind. / Dec 26 ICC Industries Limited(ICCI)	9.35 ▼ -0.66 (-6.59%)
Faran Sugar (R) / Dec 26 Faran Sugar Mills Limited (R)(FRSMR)	8 ▼ -0.52 (-6.10%)
786 Invest Ltd / Dec 26 786 Investments Limited(786)	6.72 ▼ -0.43 (-6.01%)
Blessed Tex. / Dec 26 Blessed Textiles Limited(BTL)	282 ▼ -17.47 (-5.83%)
Faisal Sp. / Dec 26 Faisal Spinning Mills Limited(FASM)	278 ▼ -16.85 (-5.71%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.02
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	67,135,769 ▲ 0.76
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▲ 0.16
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.05
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.05
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	29,562,935 ▲ 0.53
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.18
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.54
Sui North Gas / Dec 26 Sui Northern Gas Pipelines Limited(SNGP)	26,262,710 ▲ 4.16

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