oil

Helicopter crashes en route to Chevron Angola oil platform, at least four dead

(REUTERS)  Four people died and two were missing after a helicopter crashed en route to a Chevron oil platform off…

Fuel tanker fire extinguished in Gulf of Mexico

MEXICO CITY, Mexico (AFP) -- A massive fire that burned for more than 24 hours aboard a fuel tanker ship…

Energy stocks hit in Asia as oil sinks, dollar weak

HONG KONG, China (AFP) -- Energy firms sank in Asian trade on Tuesday as oil prices extended the previous day's sharp losses…

 Oil continues decline on supply glut

Singapore (AFP) --  Oil prices fell for a third day in Asia trade Thursday after figures showing high US crude…

Saudi cabinet approves economic diversification plan

JEDDAH, Saudi Arabia (AFP) -- The Saudi cabinet has approved a major plan to diversify the national economy away from…

Oil climbs $50 for the first time in seven months

QUEZON City, Philippines - Low prices have been wrecking havoc among oil firms and producers for almost half of the…

Energy stocks jump in Asia as oil passes $50 a barrel

  HONG KONG, China (AFP) -- Energy stocks jumped in Asia Thursday after oil surged past $50 a barrel for the…

Asia markets cautious on growth woes but dollar, oil rally

HONG KONG, China (AFP) --- Asian stock markets moved cautiously Thursday as worries over the global economy sap confidence but…

IEA chief says oil price bottoming depends on global growth

  KITAKYUSHU, Japan (Reuters) - International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have…

Saudi prince unveils $2 trillion plan to shift from kingdom’s oil dependence

The powerful young prince overseeing Saudi Arabia's economy unveiled ambitious plans on Monday (April 25) aimed at ending the kingdom's…

Oil prices tumble after Saudi-Iran tensions sink output deal

(Reuters)   Oil prices tumbled on Monday after a meeting by major producers in Qatar collapsed without an agreement to freeze…

Oil prices recover in Asia

  Singapore (AFP)---Oil prices recovered in Asia on Monday after a steep fall in the previous session, with US crude…

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