One US shale oil industry veteran likened the results of the prolonged price war to a bruising 12-round boxing match
Price rise made on September 1 was fiercely challenged by Kuwait’s MPs and the public
The move would effectively re-establish OPEC production ceilings abandoned a year ago
The new facility has the capacity to store 80,000 cubic metres of oil
The Organization of the Petroleum Exporting Countries will hold informal talks on Wednesday
Some ministers and officials have expressed hope that a deal would emerge this week
The offer, which has yet to be accepted or rejected by Tehran, was made this month
India is exploring two to three other models for sourcing oil
Members of OPEC will meet on the sidelines of the International Energy Forum next week
An oil services workers strike in Norway threatened to cut North Sea output
The company said the fire had not affected operations
The kingdom produced a record high 10.673 million bpd in July
The contract was worth in the region of SAR5bn, according to sources
Bidding for the Sweihan solar project is said to have beaten a record set in Chile last month
The expansion will increase the capacity of the refinery by 50 per cent
Each shutdown could add four million to eight million barrels of crude into global markets
OPEC members are set to hold a meeting with non-OPEC oil producing nations in Algeria this month
Falling oil prices are “harmful to all countries, especially oil producers,” he said
Efforts to tame the boom-bust cycle through the control of prices and production have repeatedly broken down, writes Reuters columnist John Kemp
Gulf Business speaks to Al Fajer Neon Energy CEO Alexis Gianniotis
The contract for the 200MW CSP plant was won by a consortium led by KPMG
Global demand growth is slowing at a faster pace than initially predicted by the IEA
Hedge funds’ net long position in crude has fallen by nearly 100 million barrels over the last two weeks
Italy’s Eni is looking to reduce a 50 per cent stake in its giant Mozambique gas acreage
The attacks were reportedly launched by forces loyal to eastern Libyan commander Khalifa Haftar
Adeeb al-Aama will replace Mohammed al-Madi as OPEC governor
Russia’s State Atomic Energy Corporation has expressed its willingness to assist in the kingdom’s nuclear plans
Tehran first wants to regains its pre-sanctions oil market share