LONDON: Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds ($70.2 billion) in the first major energy industry merger in more than a...
IRBIL/LONDON: A 4-month-old oil deal between Baghdad and the semi-autonomous Kurdistan region is close to unraveling after payments from the capital dried up,...
LONDON: OPEC kingpin Saudi Arabia is feeling vindicated after a strategy of allowing oil to flood the market has begun to achieve what it was aiming for.As a...
LONDON: The oil price crash has meant slashed budgets, staff layoffs and mothballed projects for big producers, but oil traders will celebrate their best...
DAVOS, Switzerland: OPEC defended Wednesday its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the...
LONDON: If Saudi Oil Minister Ali al-Naimi wants to stop conspiracy theories spreading before a crucial OPEC meeting next week, it’s too late.Naimi’s...
LONDON: The unspoken threat to leave Europeans shivering in the cold next winter may be Moscow’s trump card in its confrontation with the West over Ukraine....
LONDON: Global oil demand growth will accelerate next year as the world economy expands and will again be met by rising supplies from the United States and...
DAVOS, Switzerland: Iranian President Hassan Rouhani said on Wednesday it was possible to turn more than three decades of enmity with the United States into...
LONDON: Iran is reaching out to its old oil buyers and is ready to cut prices if Western sanctions against it are eased, promising a battle for market share...
By Dmitry Zhdannikov, Maxim Nazarov and Vladimir Soldatkin LONDON/MOSCOW: A swelling ocean of cheap and dirty fuel oil pouring out of Russian refineries and...
LONDON: Rising U.S. shale oil production will help meet most of the world’s new oil demand in the next five years, even if the global economy picks up...
LONDON: Global oil demand will be sluggish throughout 2013 as economic expansion remains tepid and oil supply levels comfortable, which could alleviate oil...
LONDON: Iranian oil output rose in October after seven months of decline due to Western sanctions and its exports rebounded strongly as China and South Korea...
LONDON: Turkey is struggling to import Iranian oil in July because of Western sanctions on ship insurance, trading and shipping sources told Reuters, leaving...
LONDON: World oil demand growth will slow in 2013 from the already weak 2012, OPEC said Wednesday, citing Europe’s debt worries, a faltering U.S...
LONDON: Turkey has steeply slashed Iranian oil imports in June, dealing another blow to Tehran's stretched finances as its crude exports towards even the...
LONDON: A jump in energy prices is jamming the slow-turning cogs of an economic recovery in the West, but that may be nothing compared to the economic shock...
LONDON: Oil prices edged up on Tuesday, supported by fears of supply disruptions and Iranian naval exercises in a crucial oil shipping route, with gains...
NEW DELHI/LONDON: The European Union is becoming skeptical about slapping sanctions on imports of Iranian oil, diplomats and traders say, as awareness grows...
LONDON: Greece is relying on Iran for most of its oil as traders pull the plug on supplies and banks refuse to provide financing for fear that Athens will...
LONDON: Oil companies in Europe are betting on the survival of President Bashar Assad in Syria, in sharp contrast to their support for Libya’s...
LONDON: High world oil futures prices could rise yet further if the European Union puts sanctions on Syrian oil this week, although the country exports modest...
LONDON: Oil prices hit fresh peaks Wednesday, rising to their highest since August 2008, buoyed by unrest in the Middle East and North Africa and dollar...