Oil prices climbed early Thursday as U.S. fuel inventories declined and geopolitical tensions escalated. Brent crude futures ...

Crude futures notched back-to-back gains on Thursday, with prices finding support from growing tensions in the Middle East that raise the risk of supply disruptions in the oil-rich region.

Baghdad: Iraq, on Wednesday, finalized a contract with the London-based oil major, BP, for the development and production of four Kirkuk oil fields.The project is a breakthrough for Iraq, where output ...

Oil prices eased about 1% on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin discussed moves to end the three-year-old war in Ukraine, which could result in a possible ...

Proposed yard will support offshore projects in Saudi Arabia with local fabrication and engineering services led by COOEC ...

(Bloomberg) -- Oil prices in the Middle East tumbled as the prospect of higher supplies from OPEC+ sparked a selloff in the region’s crudes. The cost of Oman crude on the Gulf Mercantile ...

This would give an initial boost to oil-exporting Middle East countries. But bad news may lie ahead as oil demand slows due to weakened global trade and shipping. "The macro outlook for MENA ...