Oil and gas discovery represents second prominent offshore find made by KOC, state-owned player confirmed in social media post on Monday ...

Oil traders hold a record position in a contract that lets them bet on the price difference between Middle Eastern crude and ...

Oil traders are making big moves in the Brent-Dubai spread, a contract that lets them bet on the price gap between Middle ...

The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day ...

Iraq has deployed security forces to some of the disputed areas in Diyala province to facilitate the operations of foreign ...

With the oil market constantly changing, there could come a time when a Middle East blend might come to rival the international benchmark. This time, to be fair, is still quite far in the future ...

The British ambassador to Baghdad said on Wednesday that BP will engage the Kurdistan Region regarding its controversial ...

SINGAPORE - Middle East crude oil benchmark premiums surged on Monday to their highest since October 2023, propelled by strong demand from Asia. Chinese and Indian refiners are scouring the globe for ...

in a bid to raise funds that could be used to shore up Iran’s allied militia groups in the Middle East. The oil is from a stockpile of at least 25 million barrels that Iran sent to China in late ...

China's Unipec booked a further 10 tankers to transport oil from the Middle East, according to fixture data on Wednesday. Since Friday, Unipec has fixed 23 vessels to ship crude from the Middle ...