Energy

Vienna: The Organisation of the Petroleum Exporting Countries (Opec) on Thursday revised its forecasts for this year's global economic growth and oil...

New York: Oil prices rose sharply on Wednesday after the European Union (EU) unveiled a plan to phase out Russian oil, triggering concerns over tight...

New York: Oil prices reversed earlier losses to end higher on Monday as concerns over supply risks gripped the market.The West Texas Intermediate (WTI) for...

Baghdad: Iraq exported about 101 million barrels of crude oil in April, bringing in revenues of 10.55 billion US dollars, the Iraqi oil ministry said...

Moscow: Russian energy giant Gazprom on Wednesday halted gas supplies to Bulgaria and Poland for failing to pay for gas deliveries in rubles. This is...

Muscat: Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in March 2022 amounted to 317,947...

Tripoli: Libya's National Oil Corporation (NOC) announced Sunday it was forced to shut down an oil field amid a political impasse that threatened to drag...

New York: Oil prices jumped as much as 4%, returning US crude to above $100 per barrel, as more Western sanctions planned for Russia along with news of a...

New York: Oil markets entered April with their worst weekly loss in two years as the Biden administration announced the largest ever crude reserve...

Washington: Amid intensified Russia-Ukraine war that entered the twenty-second day on Thursday, oil prices spiked back above $100 affecting energy...