Gulf Times - oil
Oil hits $80, highest since Nov 2014, on Iran concerns

Oil hits $80, highest since Nov 2014, on Iran concerns

Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall because of renewed US sanctions, reducing supply in an already tightening market.

I do not see end of oil era for many decades to come: Al-Attiyah

I do not see end of oil era for many decades to come: Al-Attiyah

In the context of climate change and sustainable development, our reference should not be to a ‘post oil era’, but rather to a world of collective green growth based on the appropriate energy mix for each country, says the former Deputy Prime Minister

Bus collision kills 15 oil workers in Kuwait

Bus collision kills 15 oil workers in Kuwait

Fifteen workers with an oil drilling company were killed in a head-on collision between two buses in southern Kuwait on Sunday, the fire department said.

Philippines says in talks with China state firm on joint sea exploration

Philippines says in talks with China state firm on joint sea exploration

The Philippines said Thursday it is in talks with a Chinese state firm for joint South China Sea energy resource exploration and extraction, in a proposed deal described by President Rodrigo Duterte ...

Oil that reached Japan shores likely from sunken tanker

Oil that reached Japan shores likely from sunken tanker

Samples of oily matter that washed up on February 8 on the shores of the Okinoerabu and Yoron islands in the Amami chain were found to be linked to the Sanchi's sinking, the Coast Guard said.

BP to take $1.5bn hit on US tax reforms

BP to take $1.5bn hit on US tax reforms

British energy major BP said Tuesday that it expected to take a $1.5-billion (1.2-billion-euro) hit from US President Donald Trump's tax reforms.

S Korea seizes another ship suspected of transferring oil to N Korea

S Korea seizes another ship suspected of transferring oil to N Korea

South Korean authorities have seized a Panama-flagged vessel suspected of transferring oil products to North Korea in violation of international sanctions, a customs official said on Sunday.

Iraq invites bids for new oil pipeline

Iraq invites bids for new oil pipeline

Iraq's oil ministry on Sunday called for bids for the construction of a new pipeline to allow oil exports to resume from the northern province of Kirkuk to neighbouring Turkey.

Iraq invites foreign bids for oil, gas blocks in new areas

Iraq invites foreign bids for oil, gas blocks in new areas

Iraq on Monday invited foreign companies to bid for contracts to explore and develop oil and natural gas reserves in nine new blocks as the OPEC nation seeks to boost its output capacity.

Iraq plans new pipeline exporting Kirkuk oil to Turkey: oil ministry

Iraq plans new pipeline exporting Kirkuk oil to Turkey: oil ministry

Iraq plans to build a new pipeline that will ship oil from Kirkuk's oilfields to the Ceyhan port in Turkey, the oil ministry said on Sunday.

Oil steadies near two-year highs as geopolitics offset US supply

Oil steadies near two-year highs as geopolitics offset US supply

Oil was largely steady on Monday, trapped between a bullish push from tension in the Middle East and downward pressure from evidence of rising US production ...

Oil stable on slightly tighter market, strong demand

Oil stable on slightly tighter market, strong demand

Oil prices were stable on Monday, supported by supply concerns in the Middle East and declining US drilling activity, although analysts warned that the United States market may not be tightening by as much as expected.