The depressed oil prices predominant since late last year could herald a lasting trend if, as evidence suggests, we are now facing the low-price segment of an oil ‘super cycle’, according to the latest paper from global strategy an
A once-popular pair trade pitting the US dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet.
Iran plans to raise its oil output capacity by 170,000 barrels per day by end of the current Iranian year, which ends on March 20, 2016, the official Irna news agency cited an Iranian oil official as saying.
Oman's government has responded to low oil prices by cutting spending on defence and subsidies while continuing to invest in diversifying the economy, official figures showed on Tuesday.
The plunge of crude prices since last y
Crude oil prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample supply dragged, but analysts said there were signs that a recent rally was running out of steam.
Robust demand in Asia as well
The growth of the oil industry in Bahrain was highlighted at a Bahrain British Business Forum (BBBF) networking event.
Energy Minister Dr Abdulhussain Mirza, who was the keynote speaker, reviewed the history of the oil industry in
Most Gulf stock markets slipped on Sunday after oil prices fell, while Egyptian equities extended gains following the delay of an unpopular capital gains tax.
Brent oil fell $1.17, or 1.8 per cent, to $65.37 a barrel on Friday, de
South Sudan's government said on Friday it had wrested control of oil-producing Upper Nile State, the scene of heavy fighting in recent days, from rebel fighters.
South Sudanese rebels said on Tuesday they had captured a refin
Oil fell about 2 per cent on Friday as a rallying dollar and profit-taking ahead of a long US holiday weekend cut short a two-day run-up in crude prices.
Heating oil, a proxy play for diesel, also fell almost lost 2 per cent while
Oil prices fell on Friday as worries over the impact of war in the Middle East on crude supplies were outweighed by reports of profit-taking ahead of a long weekend.
Monday, May 25 is Memorial Day in the United States and a public