Top Oil & Gas News

  • SABIC Q4 net profit rises 11.3% to SAR5.83bn

    Saudi Basic Industries Corp. (SABIC) has posted an 11.3% rise in fourth quarter net profits. SABIC said it enjoyed stronger sales and higher prices in the fourth quarter than it had in the year-earlier period. Arab News - 20Jan 06:52GMT
  • Iran discovers new natural gas reserves

    Iran has discovered new reserves of natural gas, Iranian Central Oilfields Company Managing Director Mehdi Fakour said, Mehr reported. Trend News Agency - 19Jan 09:41GMT
  • Iran says its produced gasoline is of international standards or even higher

    Iran-produced gasoline is of international standards, or even higher, Head of Iran's National Petrochemical Company, Mohammad Ziyar said, ISNA reported. Trend News Agency - 19Jan 09:40GMT
  • Russian Lukoil starts excavating oil site in Thi Qar province

    Oil sources said that the Russian Lukoil company started excavations in the 10th site in Thi Qar and Muthanna provinces, pointing that the province pledged that this site is empty of explosive mines. Aswat Aliraq - 19Jan 08:41GMT
  • Of 132 foreign hostages at Algeria gas plant, 100 already freed

    Algerian forces have freed about 100 of the 132 foreigners who were taken hostage in a gas facility in the Algerian desert, a security source told Reuters. Reuters - 19Jan 06:47GMT
  • Brent crude up on debt limit proposal, supply worries

    Oil prices rose on Friday, recovering from an earlier dip after news that the U.S. House of Representatives will consider a bill to raise the debt ceiling enough to allow the country to pay its bills for another three months. Reuters - 19Jan 06:31GMT
  • Companies lining up to buy Lebanon’s gas data

    More companies are expected to buy the oil and gas data from Lebanon as companies line up to bid for the first round of a prequalification tender in February, the CEO of Britain-based Spectrum said Wednesday. The Daily Star - 18Jan 14:11GMT
  • Oil markets tighten on Saudi cut, China demand-IEA

    World oil markets are tightening as Chinese fuel demand increases and OPEC supplies fall, draining inventories, the West's energy agency said on Friday, in a trend that could put extra upward pressure on prices. Reuters - 18Jan 10:47GMT
  • Iraqi Kurds defend oil policy, reject BP Kirkuk deal

    Iraq's Kurdistan has defended its oil policy with foreign companies and its crude trade barter with Turkey as constitutional, and rejected a initial deal between Baghdad and BP to develop an oilfield in the disputed city of Kirkuk. Reuters - 18Jan 09:49GMT
  • IEA sees oil market tighter as China demand rises

    World oil markets are tightening as Chinese fuel demand increases and OPEC supplies fall, draining inventories, the West's main energy agency said on Friday, in a trend that could put extra pressure on prices. Reuters - 18Jan 09:48GMT
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