Oil

Saudi Arabia will act to bring down oil prices, Saudi oil minister Ali Naimi said on Thursday as France signaled…

Banks in Gulf oil producers are pushing ahead with a drive to build up loan loss provisions in the wake of the 2008…

Saudi Arabia is to give Yemen refined oil products to cover its needs for two months. The kingdom has repeatedly…

Apache Corporation said Monday it has increased production in Egypt's Western Desert thanks to the development of…

Government officials in the Kurdistan Region say that American oil giant Exxon Mobil continues to work in the…

The European Union agreed on Friday to exempt until July 1 some insurance on Iranian oil shipments headed for…

High oil prices are the biggest risk to the global economy and may cause a recession, the Financial Times quoted…

Canadian stocks rose Friday, with a weak U.S. dollar prompting a rebound in gold and oil prices and gains in…

Brent crude dropped below US$124 a barrel on Thursday, after weak Chinese manufacturing data sparked concerns that…

Kuwaiti Oil Minister Hani Hussein and a top official of Arabian Oil Company, Ltd., on Tuesday agreed to explore new…