Gulf Times - oil
Iranian oil minister calls Trump's order to OPEC insulting

Iranian oil minister calls Trump's order to OPEC insulting

Iran's oil minister on Saturday accused US President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding Iranian oil production and exports had not changed ...

Iran, Venezuela supply gap to dominate OPEC meet: IEA

Iran, Venezuela supply gap to dominate OPEC meet: IEA

An oil production shortfall in Iran and Venezuela may force OPEC and Russia to decide later this month to open their taps, the International Energy Agency said Wednesday.

Lebanon begins offshore oil and gas exploration

Lebanon begins offshore oil and gas exploration

Energy and Water Minister Cesar Abi Khalil also said in a televised statement that Lebanon hoped to launch a second offshore licensing round by the end of 2018 or early 2019.

US natural gas poised for global rise

US natural gas poised for global rise

The United States produces natural gas in abundance and is poised to become the world's third-largest exporter by 2020, a production ramp-up supported by President Donald Trump.

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.