Kuwait and Saudi agree to resume output at disputed oilfield
Saudi Arabia and Kuwait have reached a deal to resume production at the disputed Khafji offshore oilfield, Kuwait's acting oil minister said on Tuesday.
"An...
Oil prices hit reverse as dollar jumps on US data
The oil market fell Friday, reversing earlier gains as the dollar surged on bright US jobs data that boosted hopes of a rate hike...
Kuwait signs $2.8 billion military and provisional deals with France
Kuwait signed 2.5 billion euros ($2.8 bn) worth of military fixed and provisional deals led by the purchase of 24 Airbus-built Caracal helicopters, the...
BP logs $1.4bn loss
BP faced another net loss in the second quarter but has now drawn a line under the 2010 Gulf of Mexico oil spill disaster,...
Offshore oil drilling amid crisis – Lebanon
Lebanon's president, Michel Aoun, Thursday inaugurated the Mediterranean country's first offshore exploratory drilling for oil and gas, calling it a “historic day” for the...
Oil slip on Saudi comments
World oil prices dipped Monday as Saudi Arabia cast doubt on whether a key producers meeting would reach an agreement to freeze output to...
Saudi-Iranian tensions can't halt slide in oil prices
Even the escalating tension between Iran and Saudi Arabia, two big oil-producing countries, can't halt the slide in energy prices.
Oil futures spiked briefly on...
China says it will keep 2016 economic growth in 'reasonable' range
Chinese leaders, meeting ahead of an agenda-setting conference, pledged on Monday to keep the country's economic growth in a "reasonable range" in 2016 by...
MIDEAST STOCKS-Oil weighs on Saudi; Egypt firm
Saudi Arabia's stock market fell early on Tuesday as oil struggled to recover from Monday's sharp losses, while Egypt remained positive.
The main Saudi stock...
Marriott buys rival hotel chain Starwood for $12.2 billion
Marriott International is buying rival hotel chain Starwood for $12.2 billion in a deal that will secure its position as the world's largest hotelier.
The...
