Oil News
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Oil prices slide as Omicron variant clouds energy demand outlook
Oil fell for the first time in three days over concerns about the demand effect from the Omicron variant and...
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Omicron variant concerns rattle oil prices and global markets
Oil prices and global stock markets fell on Friday on concern the new Omicron Covid-19 variant discovered in South Africa...
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US to release oil reserves in attempt to lower prices
The US has said it is releasing 50 million barrels of oil from its reserves in an attempt to bring...
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UAE salaries: what are the most in-demand oil and gas jobs and how much do they pay?
With the global oil and gas industry requiring more than $600 billion of investment annually until 2030 to keep up...
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Oxy CEO: Global oil demand to grow beyond pre-pandemic levels by 2023
Global oil demand will increase beyond pre-pandemic levels of 100 million barrels per day in 2023, accelerated by economic recovery...
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Oil exporters to see large surpluses in 2021 and 2022 amid higher crude prices
Oil exporting countries will have large surpluses in 2021 and 2022 as higher crude prices lead to more revenues for...
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Oil giant Shell says it needs oil output to fund green shift
The boss of oil giant Shell has insisted it can transition to net zero by 2050, but it will need...
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Will India’s economy be able to ward off the heat from soaring oil prices?
Salman Beg, who runs a small factory making crockery and cutlery on the outskirts of Mumbai, is feeling the heat...
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India must step up crude 'exploration and production'
India's oil minister on Friday said the country needs to step up its efforts to produce crude as prices continue...
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China looks to lock in US LNG as energy crunch raises concerns
Major Chinese energy companies are in advanced talks with US exporters to secure long-term liquefied natural gas (LNG) supplies, as...
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Vaccines set to unleash pent-up oil demand: IEA
After three months of decline in global oil demand, Covid-19 vaccine roll-outs are set to unleash thirst for oil stymied...
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Oil holds steady on slow return of US supplies after Hurricane Ida
Oil prices were little changed on Wednesday following overnight losses from a stronger dollar and demand concerns, with a slow...
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Oil jumps 5% after 7 days of losses, boosted by weaker dollar
Oil prices rose more than 5 per cent on Monday (Aug 23), as a weaker dollar and strong global equities...
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Oil steadies, Delta outbreaks cloud demand prospects
Oil prices steadied on Wednesday, after four days of declines with investors still wary about prospects for stronger fuel demand...
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Oil prices edge higher
Oil prices edged higher on Wednesday, supported by a fall in US inventories and Mideast geopolitical tensions, but the increasing...
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Oil prices hit by concern over Chinese economy
Oil prices fell on Monday as worries over China's economy resurfaced after a survey showing growth in factory activity slipped...