ABU DHABI / WAM Dana Gas, the Middle East’s leading publicly-listed regional natural gas company, and its partner Crescent Petroleum, have announced achievement of a 30% increase in production capacity at the Khor Mor field in the Kurdistan Region of Iraq, which the companies jointly operate on behalf of Pearl Petroleum. This increase delivers much-needed gas supply to fuel power ...

Bloomberg Oil recovered from a one-year low as industry data showing a drop in US crude inventories allayed some of the concern that a new surplus is amassing in global markets. Futures in New York rose as much as 2.7 percent after plunging more than 6 percent. The American Petroleum Institute was said to report a 1.55 million-barrel drop in ...

Bloomberg The US accused China of continuing a state-backed campaign of intellectual property (IP) and technology theft as the World Trade Organization (WTO) said it would establish a dispute panel to rule on the complaint. The new accusations came in a detailed 53-page report released by US Trade Representative Robert Lighthizer’s office just 10 days before President Donald Trump is ...