Middle-east Arab News Opinion | Asharq Al-awsat

Crude oil | ASHARQ AL-AWSAT English Archive 2005 -2017
Select Page
Media ID: 55379515
Caption:

A Cairn India employee works at a storage facility for crude oil at Mangala oil field at Barmer in the desert Indian state of Rajasthan. (Reuters)


Gang Steals 50 Million Liters of Oil in India

Gang Steals 50 Million Liters of Oil in India

New Delhi, London – Indian Police in Rajasthan have busted a gang accused of smuggling more than 50 million liters of crude oil inside water tankers from the country’s largest onshore oilfield, a police official said. The gang had purchased land adjacent to the...
Media ID: 55369399
Caption:

Pump jacks drill for oil in the Monterey Shale, California, US. REUTERS/Lucy Nicholson/File Photo


OPEC’s Report Drops Oil Price

OPEC’s Report Drops Oil Price

Al-Khobar – Oil prices fell after OPEC’s monthly report stated that Saudi Arabia increased its February output by 263,000 barrels per day to 10 million bpd, but the prices soon rose again after a source explained that the increase was not intended for the...
Media ID: 55366175
Caption:

Pump Jacks are seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson


It’s Going to Be a Hot Summer for Oil Prices

It’s Going to Be a Hot Summer for Oil Prices

Oil prices have been falling since the New Year. After a bullish announcement from the Organization of Petroleum Exporting Countries and production cuts by non-OPEC nations, the narrative has become bearish, focused on drilling for U.S. shale oil, as well as the...
Media ID: 55363935
Caption:

Federal Reserve Board Chair Janet Yellen answers a reporter’s question during a news conference about the Federal Reserve’s monetary policy, Dec. 14, 2016, in Washington. / AP


U.S. Federal Reserve Raises Interest Rates

U.S. Federal Reserve Raises Interest Rates

London – U.S. Federal Reserve decided to raise interest rates for the first time in 2016 since the election of Donald Trump, and the second time in a decade. The bank voted unanimously to raise the U.S. central bank’s target range for the federal funds rate to 0.50 to...
Media ID: 55358393
Caption:

A worker looks at a pump jack at an oil field Buzovyazovskoye owned by Bashneft company north from Ufa, Bashkortostan, Russia, July 11, 2015.REUTERS/Sergei Karpukhin/File Photo


Oil Prices Continue to Drop

Oil Prices Continue to Drop

Cairo–Oil prices continued to drop during Wednesday’s session despite the decrease in the U.S. crude oil’s reserves. Yet, the Libyan statements that oil production could be increased soon had negative effects on the market. The oil market received two blows this week...