Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the United States, and slowing economic growth undermine OPEC-led efforts to shore up the market, a Reuters poll showed on Monday.
A survey of 32 economists and analysts forecasts the North...
India’s biggest refiner Indian Oil Corp Ltd said Wednesday that Iran may still invest in a refinery expansion project at one of its subsidiaries.
Indian Oil chairman Sanjiv Singh said Iran has not ruled out participating in the expansion at Chennai Petroleum Corp Ltd, a south India-based 20,000...
Malaysia's state-run oil and gas company Petronas has completed the acquisition of a 10% stake in a gas field in onshore Oman from Oman Oil Co Exploration & Production.
The acquisition was made by Petronas' subsidiary PC Oman Ventures Ltd in Block 61 from Makarim Gas Development, a...
Chinese state-owned oil major Sinopec sank as much as 5% in stock markets last week following reports of massive losses from petroleum contracts and the suspension of two executives.
Sinopec said Thursday that weak oil prices fueled "some losses" on crude oil transactions for subsidiary China...