Business Series

Saudi state oil company takes significant stake in Malaysia refinery

Saudi Arabia's state oil company Saudi Aramco is to invest $7 billion in an oil refinery and petrochemical project in southern Malaysia.

27/02/2017

Markets

OPEC producers really are pumping less, boosting crude prices

Oil prices jump on word that OPEC producers have achieved over 90 percent of the output cuts they had pledged.

10/02/2017

Markets

BP's spending spree means a need for higher crude prices

British oil and gas company BP has said it needs crude oil to be selling for $60 a barrel by the end of the year for it to break even.

07/02/2017

USA

Greenpeace take over crane near White House to display "Resist" message

A crane on a construction site overlooking the White House in Washington D.C. has been taken over by Greenpeace to display a banner with the message "Resist".

25/01/2017

USA

Trump accelerates controversial Keystone and Dakota pipelines

Not one to shy away from a challenge, US President Donald Trump has signed executive orders to accelerate two controversial pipeline projects.

24/01/2017

Brazil

Judge in Brazil graft probe dies in plane crash

Teori Zavascki's death raises questions over who will take over the country's biggest corruption case.

20/01/2017

Markets

Oil prices hit 18-month high on production cut hopes

Oil prices hit their highest in 18 months on hopes the deal between OPEC and non-OPEC members to cut production will reduce a glut of crude.

03/01/2017

Mexico

Protests greet 20% petrol price hike in Mexico

Mexico's energy reforms have started to bite with a 20 percent rise at the petrol pumps and angry consumers have been protesting.

02/01/2017

USA

Obama bans new oil and gas drilling in US Arctic and Atlantic waters

The outgoing president has used an old law to try to protect the regions permanently from exploration, before Donald Trump takes office.

21/12/2016

Business Line

OPEC and Russia oil cut deals promise to address supply glut

Business Line considers the details of the agreements reached by oil producers from OPEC and other countries to cut output. Will it boost oil prices?

14/12/2016

Economy

Russia signs oil development deals with Iran

Russia is moving forward with its plans to become a major investor in Iran through initial agreements covering various industries, particularly oil.

13/12/2016

Economy

Oil demand set to rise says International Energy Agency

Global oil demand will rise more strongly than expected in 2016 and 2017 the International Energy Agency has said.

13/12/2016

Markets

Oil prices spike on promises to pump less

Oil hit an 18-month high after OPEC and some of its rivals agreed to jointly reduce output to try to tackle global oversupply and boost prices.

12/12/2016

Economy

Oil extends gains ahead of OPEC talks

Oil prices extended gains for a second session running on Friday – fuelled by optimism that non-OPEC producers will agree to reduce output following a cartel agreement to limit…

09/12/2016

Business Series

Russia sells stake in oil giant Rosneft

Qatar and commodities trader Glencore have bought a stake in Russia's giant oil firm Rosneft.

08/12/2016

Business Series

Russia sells share in country's largest oil company

Russia has sold a share of oil giant Rosneft for 10.

08/12/2016

Economy

Oil hits high for the year

Brent goes through 54$, WTI 51$, oil hitting year highs

01/12/2016

Economy

OPEC agrees first production cut in eight years

OPEC gets its act together in first co-ordinated action in ages and agrees production cut, but analysts say no oil price shock is on the cards.

30/11/2016

Economy

Oil falls again, dragging down dollar

The oil price continues to fall on doubts OPEC will agree production cuts.

28/11/2016

Economy

Oil prices surge up on output cut hopes

Oil prices rose to three-week highs on Monday amid expectations that OPEC is moving close to a deal to cut output when it meets next week.

21/11/2016