Niger resumes oil exports via Benin after suspension COTONOU: Landlocked Niger has resumed crude oil exports via Benin after a dispute between the countries halted the... Published 22 Aug, 2024 06:58am
Markets US crude futures climb back into positive territory HOUSTON: U.S. crude futures returned to positive territory on Monday after falling on easing fears of a wider... Updated 22 Apr, 2024 09:07pm
Print Iran says working to safeguard oil exports in region MOSCOW: Iran’s Deputy Oil Minister Morteza Shahmirzaei told a conference in Moscow via video link on Tuesday that... Updated 17 Apr, 2024 08:59am
Markets Global oil demand to grow by 1.9ln bpd in 2024, says Wood Mac LONDON: Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by... Published 29 Feb, 2024 08:56pm
Markets Kuwait fuel oil exports rise for second month as Al Zour ramps up SINGAPORE: Kuwait’s fuel oil exports rose for a second month in February, according to shiptracking data from Kpler... Published 29 Feb, 2024 05:43pm
Markets Iran says oil exports at $26.4bn in past nine months DUBAI: Iran’s oil exports have reached $26.46 billion since March, Iranian state media reported on Tuesday, the... Published 26 Dec, 2023 06:43pm
Markets Saudi oil exports fall for third month running Saudi Arabia’s crude oil exports fell for a third straight month in June to their lowest since September 2021, data... Published 16 Aug, 2023 05:19pm
Markets Oil steadies as China fears counter tight US supply Oil prices were little changed on Wednesday despite a large drawdown in U.S. crude oil stocks as investors weighed... Updated 16 Aug, 2023 09:23pm
Business & Finance Sri Lanka says China’s Sinopec to start operations Sept. 20 COLOMBO: Chinese oil major Sinopec expects to start operations in Sri Lanka on Sept. 20 and will be allowed to sell... Published 15 Aug, 2023 05:12pm
Print Iran says oil exports surpass 1.4m bpd target DUBAI: Iran’s oil exports have surpassed the government’s 1.4 million barrels per day target, the head of Iran’s... Updated 14 Aug, 2023 09:59am
Markets Iran’s oil exports, output hit five-year highs, US holds nuclear talks LONDON: Iran’s crude exports and oil output have hit new highs in 2023 despite U.S. sanctions, according to... Published 16 Jun, 2023 06:33pm
Markets Russia resumes oil exports to North Korea after long pause SEOUL: Russia resumed oil exports to North Korea in December, United Nations data shows, the first such shipments... Published 14 Jun, 2023 06:45pm
Markets Oil exports from Russia’s western ports hit 4-year high in April MOSCOW: Oil loadings from Russia’s western ports in April will rise to the highest since 2019, above 2.4 million... Published 19 Apr, 2023 08:25pm
Markets Russia plans deep March oil export cuts MOSCOW/LONDON: Russia plans to cut oil exports from its western ports by up to 25% in March versus February,... Published 22 Feb, 2023 09:48pm
Markets Russian oil output, exports stable despite sanctions MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Wednesday that the situation with oil output and... Published 01 Feb, 2023 08:26pm
Markets At Davos, Saudi Arabia says curbing oil dependency a priority DAVOS: Saudi Arabia is working to reduce its reliance on oil exports, Economy Minister Faisal Al-Ibrahim said... Published 18 Jan, 2023 04:21pm
Markets Russia to increase oil exports by 7.5pc in 2022: TASS MOSCOW: Russia will increase oil exports by 7.5% to 242 million tonnes in 2022, TASS news agency cited Russian ... Published 27 Dec, 2022 06:07am
Business & Finance US poised to become net exporter of crude oil in 2023 HOUSTON: The United States has become a global crude oil exporting power over the last few years, but exports have... Published 20 Dec, 2022 05:58am
Markets Transneft to lift oil shipment tariffs by 6pc next year MOSCOW: Russian oil pipeline monopoly Transneft is set to increase the tariffs for transporting crude oil via its... Published 12 Dec, 2022 06:07am
Business & Finance Oil exports helping cushion Russian economy: IMF MOSCOW: Russia’s recession will be less severe than expected due to oil exports and relatively stable domestic... Published 12 Oct, 2022 05:46am
Markets Oil exports helping cushion Russian economy: IMF MOSCOW: Russia’s recession will be less severe than expected due to oil exports and relatively stable domestic... Published 11 Oct, 2022 06:57pm
Opinion Political paralysis in Iraq hampers economic growth A year since Iraq’s last elections, it remains without not only a new government but a budget too, obstructing... Updated 09 Oct, 2022 06:34am
Markets OPEC+ sese bigger 2022 surplus, risks to oil demand growth LONDON/MOSCOW: The oil market will likely see a bigger-than-expected surplus this year, OPEC+ said in a report on... Published 31 Aug, 2022 05:51pm
Print Gas pipeline project: Pakistan, Iran agree to resume talks ISLAMABAD: Pakistan and Iran have agreed to resume negotiations for implementation of Iran-Pakistan (IP) Gas... Updated 29 Aug, 2022 09:46am
Markets Europe braces for more cuts in Russian oil and gas exports MOSCOW: Europe faces fresh disruption to energy supplies due to damage to a pipeline system that brings oil from... Published 22 Aug, 2022 05:25pm
Markets Iran’s treasury sees 580pc rise in March-July oil and condensates income DUBAI: Iran’s income from oil and condensates exports is 580% higher in the first four months of the Iranian year... Published 27 Jul, 2022 06:43am
Markets Russian oil tankers get India safety cover via Dubai company NEW DELHI/LONDON: India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top... Published 23 Jun, 2022 01:25pm
Markets Russian oil tankers get India safety cover via Dubai company NEW DELHI/LONDON: India is providing safety certification for dozens of ships managed by a subsidiary of top Russian... Published 23 Jun, 2022 06:05am
Markets Russia hikes oil exports from major Eastern port to help offset EU ban Russia is ramping up oil exports from its major eastern port of Kozmino by about a fifth, aiming to meet surging... Published 07 Jun, 2022 07:43pm
Markets Oil slips 1% as China lockdowns face proposed EU Russia oil ban Oil slipped 1% on Tuesday as concerns about demand being dented by China’s prolonged COVID-19 lockdowns outweighed... Updated 03 May, 2022 09:33pm