Bahrain oil production is expected to double to 100,000 barrels a day (bpd) from the current 50,000 bpd within five years, said Abdul-Hussain Ali Mirza, Bahrain’s energy minister.....

Crude oil prices should be around $100/barrel, Kuwait's oil minister Hani Hussein indicated. Kuwait is one of the world's leading oil producer and also has the fourth largest oil reserve in the wor....

High crude oil prices may soon be a thing of the past says Byron Wein- Vice Chairman of Blackstone Advisory Partners. Blackstone is the biggest private-equity firm in the world and has an estimated....

Saudi Arabia reportedly is not happy about the current high oil prices and will work to bring it down. Saudi Arabia is the biggest oil producer and exporter amongst the OPEC nations.....

Some companies in the oil and gas business get more appreciation in the market than they perhaps deserve. Others labor away building their assets and cash flow with little market recognition.....

Crude oil continued its upside momentum but witnessed pause in the month of March and the prices moved sideways in volatile fashion. In fact, oil prices may trade extremely volatile in April with M....

Saudi Arabia's domestic oil demand is set to weaken this summer as higher gas output prompts power plants to shift from oil to gas. Saudi Arabia is one of the biggest producer and exporter of oil i....

Crude oil prices may jump by upto 30% if supply from Iran falls, said Christine Lagarde, Managing Director of the International Monetary Fund (IMF). Brent crude oil prices are currently hovering ab....

The pre-divestment and post-capex and dividends breakeven price for integrated oil companies has increased by $14 over the past year, reaching $109 per barrel, indicative of an industry in which th....

The smouldering crisis in the Persian Gulf could easily push oil prices to $200/barrel should the situation escalate, a recent report by Este Group states while also adding that oil could hit new a....

At the start of 2012, the average call on OPEC crude for Q1 was 29.7 million barrels per day (mbpd), while OPEC production was comfortably higher at 31 mbpd. A seriously warm winter and a series of....

Crude oil prices are trading up on Tuesday despite a mass downgrade by Moody's ratings agency. MCX crude oil February contract is trading at Rs 5015, up 1.25% as of 05:38 PM IST while NYMEX crude o....

Bahrain has expressed its interest to keep crude oil prices at $100/barrel since it believes the price is fair and will provide producers an incentive to invest in expanding production.....

The International Energy Agency (IEA) has cut the global oil demand growth outlook for 2012. In its new monthly report, the agency forecasts that oil consumption will increase by 800,000 barrels pe....

After a long slumber, oil prices have attempted a breakout to the upside, with the value of the OPEC basket reaching a nine-month high above $114 per barrel....

MCX crude oil is trading up after latest reports suggested a surprising decline in US inventories. MCX crude oil February contract is trading at Rs 4883, after opening the day at Rs 4863, a gain of....

Oman Trading International (OTI) is all set to open offices in Europe and China as part of its global expansion strategy, as per reports by a local newspaper. OTI, promoted by the Oman Oil Company ....

Crude oil prices could soar to $160 if tensions in Iran blow out of proportion, an executive at the Kuwait Petroleum Corporation (KPC) said. KPC is the state-owned entity responsible for Kuwait's h....

If current trends continue, gasoline prices and U.S. energy policy seem destined to play a larger role in the political debate prior to the November elections than ever before.....

On Tuesday, Brazil's biggest private oil company had started production.....