Wednesday, March 11, 2026
Global hunt for new oil to slow even amid market boom
The global hunt for new sources of oil will slow by around $3bn this year even as oil prices climb...
Read moreDetailsCrude prices will rise in 2018, says Iraq’s oil minister
Iraq’s Oil Minister Jabbar Al-Luaibi said he’s optimistic crude prices will increase in 2018, with global stockpiles falling and demand...
Read moreDetailsOil market near two-week high after U.S. stockpiles plunge
Oil traded near the highest close in more than two weeks after crude stockpiles in the world’s largest economy slid...
Read moreDetailsChinese firm wins contract to drill offshore block in Nigeria
An offshore engineering unit of oil major Sinopec Group has won a two-year contract to drill an offshore block in...
Read moreDetailsOil trades below $65 bpd after volatile week caused by North Sea pipeline woes
Oil steadied below $65 a barrel in London after a volatile week in which the market was shaken by the...
Read moreDetailsOil prices rise on lower U.S crude stocks, growing output caps gains
Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing output capped...
Read moreDetailsSaudi Arabia to raise gas prices by 80% in January
Saudi Arabia plans to raise domestic gasoline and jet fuel prices in January, part of a program to gradually eliminate...
Read moreDetailsU.K. gas surges to highest since 2014 as snow takes over London
A weekend of snowfall has brought an early Christmas for U.K. natural gas bulls. Same-day prices surged to their highest...
Read moreDetailsOil slides toward $57 on signs U.S. gasoline stockpiles expanded
Oil dips toward $57 per barrel after industry data showed U.S. gasoline stockpiles expanded for the first time in four weeks....
Read moreDetailsOPEC, non-OPEC influence on glut, price now visible to the world– Barkindo
Secretary-General of Organisation of the Petroleum Exporting Countries, OPEC, Mohammed Barkindo, has declared that the World has now recognised that...
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