The energy sector is the stock market's dud so far in 2017 after a banner performance in 2016, and the rest of the year may also be rocky for investors due to the unclear path for crude oil prices....
The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove the...
East Libyan forces carried out air strikes around major oil ports overnight as they sought to regain control of the area from a rival faction, a military spokesman said on Saturday. The eastern-based...
An armed faction entered two major Libyan oil ports on Friday, pushing back forces that captured and reopened the terminals in September, officials and residents said. The move risks increasing the...
The Institute for Energy Security (IES) has said the relative stability for the price of Brent Crude, and global prices for gasoline and gasoil points to the stability of local fuel prices but “the...
Asian shares rose on Thursday as investors were encouraged by President Donald Trump's measured tone in his first speech to Congress, which sent Wall Street stocks sharply higher, while growing bets...
The dollar and U. S. Treasury yields jumped on Wednesday, while stocks were mixed, as investors focused less on U.S. President Donald Trump's first speech to Congress and more on what they see as a...
Nigeria’s gross domestic product fell by 1.5 per cent in 2016 due to lower oil revenues, the National Bureau of Statistics said on Tuesday, for its first annual contraction in 25 years. Africa’s...
Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in U. S. oil production. Brent crude oil LCOc1 rose...
U. S. oil prices fell on Friday after government data released late on Thursday showed stockpiles rose last week for a seventh straight week, although losses were muted as inventory growth was well...
U. S. stock index futures rose to record intraday highs on Tuesday as oil prices surged and investors assessed earnings from top U.S. retailers. Wal-Mart's (WMT.N) shares were up 1.5 percent at...
Iraq's proven oil reserves have increased by 10 billion barrels to 153 billion, Oil Minister Jabbar al-Luaibi announced Sunday in a statement. The country has the world's fifth largest reserves...
Iran said in January its daily output was close to 3.9 million barrels. Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over the next...
The Institute of Energy Security (IES) has predicted a percent increase in fuel prices next week. According to the Institute, due to current developments around the world, it is likely prices for the...
U. S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits...
Oil slipped on Friday, pressured by growing global stocks, while expectations that an oil output cut by producers might eventually balance the market helped to underpin prices. Brent crude futures...
Global equity markets were set to end the week on a softer footing on Friday, after setting record highs in the previous two sessions, as investors looked for clarity on U. S. President Donald...
The Institute for Energy Security (IES) has indicated fuel prices could go up by 3% if government does not take any action to address recent developments in the energy sector. In a statement issued...
The Institute for Energy Security (IES) has indicated that if government does not take any action to address recent developments in the energy sector, fuel prices could go up by three per cent at the...
All things being equal, fuel prices will not travel beyond 15 percent increase in 2017, some industry analysts anticipate. This is largely due to a forecast that the price of oil will end the year at...
