OIL held losses below US$71 as the Organization of the Petroleum Exporting Countries (Opec) signalled it has enough spare capacity to mitigate any impact on markets even if renewed US sanctions on Iran curb exports from the group's third-largest p...  +

A U.S. decision to reimpose sanctions on Iran is supporting China’s newly established crude oil futures, and may spur efforts to start trading oil in yuan rather than dollars, traders and analysts said.   Read Article    +

Indian state fuel retailers raised diesel and petrol prices on Monday to their highest in nearly five years, data from the country’s biggest fuel retailer shows.   Read Article    +

OPEC has enough spare production capacity to cushion oil markets as the U.S. re-imposes sanctions on Iran, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.   Read Article    +

On May 8, U.S. President Donald Trump announced that the U.S. would withdraw from a nuclear deal with Iran and reinstate its economic sanctions against the Middle Eastern country. Washington’s decision is casting a dark shadow over the Korean econ...  +

Abu Dhabi National Oil Company will invest Dh165 billion in downstream operations in partnership with global players over the next five years as the company looks to build the world’s largest integrated refining and petrochemicals facility, with p...  +

“This is Ruwais filter,” our guide Saeed laughed as we snapped pictures on a hillock overlooking a quiet expanse of cityscape that rested under the hazy horizon of Abu Dhabi’s Western Region.   Read Article    +

The US's exit from a comprehensive deal to rein in Iran’s nuclear enrichment programme is likely to throw a spanner in the works of a global pact to lower oil inventories that had led to a two-year collapse in oil prices, analysts said.   Read A...  +

During the recent 2018 Offshore Technology Conference (OTC) in Houston, I heard something that one might not expect to hear at an event focusing on oil and gas industry activities that may occur hundreds of miles away from shore and thousands of f...  +

The US exit from the Iran nuclear deal has caused oil prices, already at three-year highs, to rally further, with analysts forecasting an additional tightening of the market.   Read Article    +