Japanese companies will commit $10 billion to finance LNG projects in Asia to support growth of the regional market, Minister of Economy, Trade and Industry Isshu Sugawara said Thursday.
The investments will be made by both public and private-sector companies and span upstream, midstream and...
President Recep Tayyip Erdogan vowed Ankara would continue to purchase oil and natural gas from Iran despite US sanctions in comments published on Friday.
The United States re-imposed sanctions on Iran after pulling out of the landmark 2015 nuclear deal, and says it aims to reduce Tehran's...
Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.
In what the State Department called “one of the largest...
Oil prices were steady on Thursday but headed for a weekly loss, weighed down by slowing Chinese economic growth that dampens the demand outlook and a faster-than-expected recovery in Saudi output.
Brent fell 6 cents to $62.68 a barrel, while US crude rose 18 cents to $56.59 a barrel. But both...