BP quits Russia in up to $25 billion hit after Ukraine invasion
BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move ...
Gas exploration programme to continue without interruption says president
The Republic’s natural gas exploration programme will continue without interruption, President Nicos Anastasides said Thursday, as appraisal drilling by ExxonMobil and Qatar Petroleum was underway at an offshore field ...
Oil rises on demand outlook, Gulf outages
Oil prices rose on Friday as a rebound in global demand was widely expected and a slow recovery for the US Gulf Coast export and refining hub from the hurricane ...
United Arab Emirates’ non-oil sector expands
The United Arab Emirates’ non-oil private sector expanded at its fastest pace in two years in July as demand rebounded from the COVID-19 pandemic, a business survey showed.
The seasonally ...