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The secretive world of Middle East oil deals will be thrown open in Baghdad next week when a contract auction is broadcast live.
Opec ministers on Thursday decided to ”stay the course” and keep output steady as they bet on a strengthening economy to boost oil prices.
Pirates have seized a Saudi-owned supertanker fully laden with oil off East Africa, the United Sates navy said.
World energy powers embarked on a new level of dialogue to rein in runaway oil prices at an emergency meeting in the Red Sea city of Jeddah on Sunday.
The world’s top energy policymakers meet in the Red Sea city of Jeddah on Sunday for emergency talks on halting oil’s unrelenting rally.
Record high oil prices over a barrel are slowing world economic growth, John Lipsky, first deputy managing director of the International Monetary Fund (IMF), said on Monday.…
The Organisation of the Petroleum Exporting Countries (Opec) voiced concern on Tuesday over oil’s relentless rise towards $88 a barrel, but some members said the exporter group…
Opec was meeting on Tuesday to consider a modest rise in oil output proposed by Saudi Arabia and other Gulf Arab states in a gesture to consumers worried by the economic impact…
Oil prices fell below a barrel on Friday, even though Organisation of the Petroleum Exporting Countries (Opec) made a deeper output cut than expected, on concerns that some of…
