Oil

Sudan’s already depleted oil revenues have shrunk by a further 20 percent – more than $700 million – after its main…

The National Iranian Oil Co (NIOC) has said has denied that major buyer China had cut imports of crude from the…

Permanent Costa Rican representative to the UN Eduardo Ulibarri says sanctions against Iran, particularly on its…

"The EU is rejecting purchases of Iranian oil, even though very many EU countries depend on this oil," Foreign…

An agreement has been signed between Bahrain and US Occidental Petroleum Corporation(NYSE: OXY) for deep gas…

An oil price of $100 per barrel would provide the right balance for both consumers and producers, Saudi Finance…

Iraq’s electricity ministry signed a $363 million power deal with Egypt’s Orascom Construction Industries (OCIC.CA)…

Saudi Arabia’s net foreign assets stood at around $494 billion at the end of 2010 and strong oil prices are…

Production at Iraq’s West Qurna Phase-2 oilfield is expected to hit 500,000 barrels per day (bpd) in 2014, Iraq’s…

Libya's oil minister says production is nearly back to its pre-war levels. It's now at 1.5 million barrels a day.…