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Oil prices rise on falling U.S. inventories

NEW YORK, July 6 (Xinhua) -- Oil prices settled higher on Thursday on falling U.S. crude inventories. U.S. crude oil inventories fell by an unexpectedly sharp 6.3 million barrels in the June 30 week to 502.9 million, 1.9 percent above the y......【More】

2017-07-11

China remains biggest non-oil trade partner of Dubai in Q1

DUBAI, July 8 (Xinhua) -- China remains the biggest non-oil trade partner of Dubai of the United Arab Emirates (UAE) in the first quarter of 2017, with a share of 13.45 percent of the sheikhdoms trade volume, the Dubai governments media off......【More】

2017-07-10

Tokyo stocks open lower as U.S. shares dragged down by falling oil prices

TOKYO, July 6 (Xinhua) -- Tokyo stocks opened marginally lower on Thursday as investors were in a circumspect mood after a slump in U.S. shares overnight following a drop in prices for crude oil. As of 9:15 a.m. local time, the 225-issue Ni......【More】

2017-07-07

Malaysia's aim for more palm oil export to China may hit snag: banker

KUALA LUMPUR, June 30 (Xinhua) -- While Malaysia, the worlds second largest producer of crude palm oil (CPO), is seeking to export more palm oil to China following Prime Minister Najib Razaks visits to China, it may be a tall order this yea......【More】

2017-07-06

ONGC Videsh enters offshore Namibia with Tullow agreement

NEW DELHI -- ONGC Videsh has signed definitive binding agreements with Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc, acquiring 30% participating interest in Namibia Petroleum Exploration License 0037 for Bloc......【More】

2017-07-05

Trump to promote U.S. gas exports in Russia's backyard

WASHINGTON (Reuters) - President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of a dozen countries that are captive to Russia for their energy needs. In......【More】

2017-07-04

BP reports second-quarter 2017 exploration highlights

HOUSTON -- BP has reported that it continues to make progress in shifting its exploration portfolio toward natural gas and advantaged oil. As first described to the financial community in 2016, BP is actively reviewing its exploration activ......【More】

2017-07-03

Oil prices climb on falling U.S. gas inventories

NEW YORK, June 28 (Xinhua) -- Oil prices ended higher on Wednesday as government data showed U.S. gasoline inventories declined last week. The Energy Information Administration (EIA) said on Wednesday in its weekly report that U.S. gasoline......【More】

2017-06-30

Russian oil giant Rosneft websites down following cyberattack

MOSCOW, June 27 (Xinhua) -- Russias oil giants Rosneft said Tuesday that its websites were shut down following a large-scale cyberattack on its servers, but the production has not been affected due to a timely switch to a backup system.......【More】

2017-06-29

Rosneft finds first oil field offshore eastern Arctic

MOSCOW (Reuters) - Russias largest oil producerRosneftsaid on Sunday it had found its first oil field in the Laptev Sea in the eastern Arctic, making a breakthrough in the search for hydrocarbons in the harsh and far-flung region despite We......【More】

2017-06-28