DUBAI (Bloomberg) --For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king. In the past 12 months, tension between Saudi Arabia and Iran escalate...

CAIRO (Bloomberg) --Libyas oil industry revival suffered a setback Tuesday after an explosion at a pipeline carrying crude to the OPEC nations biggest export terminal. Oil rallied as a result. Production will drop by 70,000 to 100,000 bopd a...

BAGHDAD (Bloomberg) --Iraqs Oil Minister Jabbar Al-Luaibi said hes optimistic crude prices will rise in 2018, with global stockpiles falling and demand on the rise in China and India. I am very optimistic that in the first quarter, oil marke...

SINGAPORE and SYDNEY (Bloomberg) --Chinas self-inflicted heating crisis this winter signals deeper seasonal price swings that may be a boon for liquefied natural gas traders. The arrival of a price-depressing glut of the fuel is no longer s...

DUBLIN -- United Oil Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce the Podere Maiar 1 (PM1) well at Selva gas field in the Podere Gallina licence is to be flow tested next...

NEW YORK, Dec. 18 (Xinhua) -- Oil prices settled mixed Monday as traders eyed an oil-worker strike in Nigeria. The West Texas Intermediate for January delivery decreased 0.14 U.S. dollar to settle at 57.16 dollars a barrel on the New York Me...

NEW YORK (Bloomberg) --Crude edged lower as an oil-worker strike in Nigeria was suspended and the time line for fixing a key North Sea pipelinedidnt worsen. Futures traded in a 96-cent range in New York, erasing gains from earlier in the ses...

NEW YORK, Dec. 15 (Xinhua) -- Oil prices settled mixed on Friday as investors turned their attention to climbing U.S. output. The West Texas Intermediate for January Delivery added 26 U.S. cents to settle at 57.30 dollars a barrel on the New...

NEW YORK, Dec. 12 (Xinhua) -- Oil prices retreated on Tuesday after surging over one percent in the previous session. The West Texas Intermediate for January Delivery lost 0.85 dollar to settle at 57.14 dollars a barrel on the New York Merca...

HONG KONG and LONDON (Bloomberg) --Oil held steady as U.S. drilling expanded and two OPEC nations signaled the group may phase out production cuts if the market improves by the middle of the year. Futures were little changed in New York afte...