Oil
China's purchases of Iranian oil have risen to record levels in recent months, exceeding a 2017 peak when the trade was not subject to U.S. sanctions, tanker tracking data showed. The ramping up of the purchases by the world's top oil impo..
QatarEnergy announced a significant light oil and associated gas discovery in the Orange Basin offshore the Republic of Namibia, the second of its kind in the African country. Venus-1X prospect located in block 2913B in the Orange Basin, offshore ..
Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply. Russia launched an all-out invasion of Ukraine..
The Ministry of Commerce and Industry (MoCI) has detected a violation against a car maintenance service centre during an inspection campaign at outlets in Umm Salal, aimed at monitoring compliance with Law No. (8) of 2008 on Consumer Protection. T..
Frantic oil buying driven by supply outages and signs the Omicron variant won't be as disruptive as feared has pushed some crude grades to multi-year highs, suggesting the rally in Brent futures could be sustained a while longer, traders said. ..
China's refinery output hit a record in 2021, up 4.3% from 2020, on robust first-half fuel demand in particular and as refiners ramped up processing to fill a supply gap after a hefty new tax closed loopholes in blending fuel imports. Total re..
Saudi Arabia's King Salman said on Wednesday the OPEC+ production agreement was "essential" to oil market stability and stressed the need for producers to comply with the pact. The king, in an annual speech to the advisory Shura Coun..
Venezuela this year almost doubled its oil production from last year's decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. The surprising reversal began as state-run P..
Coffee prices rose to a decade high on Wednesday, fueled by a shipping crunch, a spike in demand, and dry weather. The ICE Arabica coffee futures contract, which tracks the higher-quality bean, was sitting above $2.40 per pound midmorning in Europ..
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Qatar Secures Place Among the World's Top 10 Wealthiest Nations
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