OIL

10,863 articles

Iran strengthens political, economic hold over Iraq
Dec 11, 2022 (AFP)
For years, Iraq has been caught in a delicate balancing act between its two main allies Tehran and Washington, themselves arch foes. After a 2003 US-led invasio...
With eye on Washington, Saudi courts closer China ties
Dec 10, 2022 (AFP)
The agenda included talks with Saudi royals and summits with the six-member Gulf Cooperation Council and broader Arab League, yielding agreements on everything ...
Teams rush to contain major crude spill in US midwest
Dec 10, 2022 (AFP)
If the estimate on the size of the spill holds, it will be the largest crude oil spill in the United States since 2013, according to the Pipeline Safety Trust, ...
China's Xi meets Arab leaders on 'milestone' Saudi trip
Dec 09, 2022 (AFP)
The meetings come on the third and final day of Xi's first visit to Saudi Arabia since 2016 and only his third overseas trip since the coronavirus pandemic bega...
China's Xi promises security, energy cooperation at Saudi summits
Dec 09, 2022 (AFP)
On the third and final day of his visit, Xi attended summits of the six-member Gulf Cooperation Council and a broader China-Arab leaders' meeting. This is only ...
TotalEnergies exits Russian gas firm's board, takes $3.7 bn hit
Dec 09, 2022 (AFP)
While other Western oil and gas majors have exited Russia following Moscow's invasion of Ukraine, TotalEnergies has come under criticism for maintaining investm...
China's Xi to hold Arab summits on Saudi trip
Dec 09, 2022 (AFP)
The leader of the world's second biggest economy will sit down with regional rulers on the third and final day of his trip, only his third journey outside China...
US lawmakers say oil giants 'greenwashed' image while hampering climate action
Dec 09, 2022 (AFP)
The document follows an investigation on allegations that the fossil fuel industry has been misleading Americans about its role in the climate crisis, and hampe...
Guyana opens bidding for offshore oil blocks
Dec 09, 2022 (AFP)
Ali said the government hoped to award 11 blocks in shallow waters and three in deep waters by May 31, 2023. Winning bidders would pay a "signature bonus" of $2...
Canada's Alberta province passes bill to ignore federal law
Dec 08, 2022 (AFP)
Canada is among the world's top oil producers and much of that output comes from the oil sands in northern Alberta. The so-called Sovereignty Act is the latest ...
China's Xi, Saudi royals ink deals during high-stakes visit
Dec 08, 2022 (AFP)
Agreements worth about $30 billion were to be signed, Saudi state media said, as China seeks to shore up its Covid-hit economy and as the Saudis, long-term US a...
Keystone Pipeline shut due to oil leak into creek
Dec 08, 2022 (AFP)
The company "mobilized people and equipment" following "a confirmed release of oil into a creek" in Washington County, approximately 20 miles (32 kilometers) so...
Oil and gas firms production plans spell 'catastrophic' warming: report
Dec 08, 2022 (AFP)
An analysis by the financial think tank Carbon Tracker found that fossil fuel firms approved $166bn of investment in new oil and gas fields between January 2021...
Chinese flags flutter in Saudi capital ahead of Xi visit
Dec 07, 2022 (AFP)
The red-and-gold Chinese emblem alternated with the green flag of Saudi Arabia along major roads in Riyadh, while Xi was pictured on the front pages of newspape...
China's Xi arrives in Saudi Arabia for energy-focused visit
Dec 07, 2022 (AFP)
Xi, recently reanointed as leader of the world's second biggest economy, arrived in the capital Riyadh, Chinese and Saudi state media said, for a three-day visi...
US warns of Chinese influence in Mideast as Xi visits S.Arabia
Dec 07, 2022 (AFP)
Asked about the Xi visit, White House National Security Council spokesman John Kirby told reporters that Saudi Arabia remains a crucial US ally, but he issued a...
DR Congo govt, rebels to meet in January: East Africa bloc
Dec 06, 2022 (AFP)
The EAC statement came as the bloc wrapped up eight days of discussions in Kenya's capital Nairobi that involved the representatives of around 50 armed groups a...
Xi visit spotlights warming Saudi-China ties, and their 'limits'
Dec 06, 2022 (AFP)
Xi will arrive on Wednesday for a three-day visit including meetings with Saudi royals, the regional Gulf Cooperation Council and other Middle East leaders, Sau...
Niger finance minister rebuffs pressure to drop oil drive
Dec 06, 2022 (AFP)
The landlocked Sahel state has launched a scheme to build Africa's longest pipeline, shuttling crude oil over nearly 2,000 kilometres (1,250 miles) to a port in...
Oil jumps on China easing Covid restrictions, Russia price cap
Dec 05, 2022 (AFP)
Main contracts Brent North Sea crude and WTI advanced more than two percent, also after OPEC and its Russia-led allies decided at a weekend meeting to maintain ...
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