Gulf Times - oil
BP to take $1.5bn hit on US tax reforms

BP to take $1.5bn hit on US tax reforms

British energy major BP said Tuesday that it expected to take a $1.5-billion (1.2-billion-euro) hit from US President Donald Trump's tax reforms.

S Korea seizes another ship suspected of transferring oil to N Korea

S Korea seizes another ship suspected of transferring oil to N Korea

South Korean authorities have seized a Panama-flagged vessel suspected of transferring oil products to North Korea in violation of international sanctions, a customs official said on Sunday.

Iraq invites bids for new oil pipeline

Iraq invites bids for new oil pipeline

Iraq's oil ministry on Sunday called for bids for the construction of a new pipeline to allow oil exports to resume from the northern province of Kirkuk to neighbouring Turkey.

Iraq invites foreign bids for oil, gas blocks in new areas

Iraq invites foreign bids for oil, gas blocks in new areas

Iraq on Monday invited foreign companies to bid for contracts to explore and develop oil and natural gas reserves in nine new blocks as the OPEC nation seeks to boost its output capacity.

Iraq plans new pipeline exporting Kirkuk oil to Turkey: oil ministry

Iraq plans new pipeline exporting Kirkuk oil to Turkey: oil ministry

Iraq plans to build a new pipeline that will ship oil from Kirkuk's oilfields to the Ceyhan port in Turkey, the oil ministry said on Sunday.

Oil steadies near two-year highs as geopolitics offset US supply

Oil steadies near two-year highs as geopolitics offset US supply

Oil was largely steady on Monday, trapped between a bullish push from tension in the Middle East and downward pressure from evidence of rising US production ...

Oil stable on slightly tighter market, strong demand

Oil stable on slightly tighter market, strong demand

Oil prices were stable on Monday, supported by supply concerns in the Middle East and declining US drilling activity, although analysts warned that the United States market may not be tightening by as much as expected.

US-backed forces seize major Syria oilfield

US-backed forces seize major Syria oilfield

A US-backed Arab-Kurd alliance announced on Sunday it had retaken one of Syria's largest oilfields from the Islamic State group in the east of country.

China confirms will limit oil exports to North Korea

China confirms will limit oil exports to North Korea

China will limit exports of refined petroleum products to North Korea starting October 1, its commerce ministry said, confirming Beijing's participation in new UN sanctions intended to rein in its rogue neighbour.

Oil market moving back into balance: IEA

Oil market moving back into balance: IEA

There are signs the global oil market is returning to balance and stocks of oil products in industrialised nations could soon fall below their five-year average, the IEA said Wednesday.

Iran to raise oil production to 4.5 million bpd within five years

Iran to raise oil production to 4.5 million bpd within five years

Iran will reach an oil production rate of 4.5 million barrels per day (bpd) within five years, Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), said ...

Venezuela to sell oil in currencies other than dollar

Venezuela to sell oil in currencies other than dollar

Venezuelan President Nicolas Maduro announced Friday his government will sell oil and other commodities in currencies other than the dollar, in a bid to weather US-imposed sanctions on the embattled country.