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...
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...
Apple to show off new iPhones with T.V display
With its highly profitable iPhone due for an upgrade, Apple is expected to unveil a pair of new handsets at an event in San...
Oil price to fall further as market 'could drown in over-supply'
The oil price is set to fall further this year as supply vastly exceeds demand, with major oil exporter Iran's return to the market...
Saudi floats idea to lift oil prices, Iran and Russia reject cuts
Saudi Arabia appears to have floated the idea of a global deal to balance oil markets and lift prices from around the lowest levels...
Iraq asks BP to study developing Kirkuk oilfields
Iraq has asked British energy giant BP to draft a study on boosting production in all the oilfields of northern Kirkuk province, Oil Minister...
IEA: Oil price unlikely to rise much further
The price of oil is unlikely to rise much further after rallying almost 90 percent since January, as the global market shows signs of...
Saudi crown prince discusses economy on Egypt trip
Saudi Crown Prince Mohammed bin Salman continued a visit to Egypt on Monday focused on economic cooperation, with Riyadh agreeing a $10 billion investment...
OPEC pressure Saudi Arabia to cut oil output
Saudi Arabia has come under increased pressure from fellow OPEC members to cut output to prop up prices as the group meets this week...
Oil prices rebound on bargain-hunting
World oil prices rose Thursday on bargain-hunting after a sharp decline the day before, although analysts said the market remains hobbled by an oversupply.
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