oil

Low oil prices hit BP profits

Shell, Exonn and now BP - all have been hurt by low oil prices. The UK giant's underlying profits in…

Islamic State attacks Kurdish outposts in Kirkuk

Islamic State militants struck at Kurdish forces in the northern province of Kirkuk on Friday (January 30). Police said Islamic…

Oil surges 8% as U.S. rig count plunges, shorts scramble

(Reuters) - Oil prices roared back from six-year lows on Friday, rocketing more than 8 percent as a record weekly…

Oil slides as Saudi Naimi tells market to forget OPEC cuts

(Reuters) - Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two…

Oil falls below $86 as oversupply, global economy worries weigh

(Reuters) - Brent crude fell on Monday, dropping below $86 a barrel as worries about booming supply and sluggish demand…

China’s oil rig finds major gas field at paracels island

China has reportedly discovered a gas field in the northern part of the South China Sea. [youtube id="7AADHEXtNAg"]

Oil price hike

Petroleum products add more than 1 peso to their prices due to the crisis in Iraq. [youtube id="K0q4HbikuJ4"]

Oil topping $116 seen possible as Iraq conflict widens

The growing crisis in Iraq is threatening to send gas prices skyrocketing.   [youtube id="PR7SQk-4l54"]

Conflict in Iraq drives oil prices higher

The sudden eruption of an al Qaeda-linked militant insurgency in northern Iraq last week triggered the biggest oil price spike…

Asian shares slip, crude firms as market eyes Iraq

(Reuters) - Asian shares got off on the back foot on Monday, as crude extended gains and tested nine-month highs…

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