PKK/PYD, the Syrian offshoot of the terrorist organization PKK and Bashar al-Assad's regime control the oil fields in the northeastern Syrian province of Al-Hasakah, the revenue from which they share from these fields, local sources told Anadolu Agency on Wednesday.

PKK/PYD is in control of Al-Hasakah in the east, northern Raqqah, Manbij, to the east of Aleppo, Afrin and the Tal Rifaat districts.

PKK/PYD"...

Crude oil prices were up on Tuesday (July 25) compared to the previous close.

The price of Brent oil was at $48.89 up from $48.15 and U.S. WTI crude was at $46.63 from $45.80.

OPEC decided to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply"...

Brent prices are likely to stay in the $50-55 range in the second half of 2017 and to average in the same range in 2018, said Barclays in its latest Oil Instant Insight.

Despite the statements in the communiqué of the Opec/Non-Opec Joint Ministerial Monitoring Committee (JMMC) and Joint Technical Committee (JTC), balances still indicate a constructive market balance in the remainder of this year, it said.

The JMMC met in St. Petersburg for its fourth meeting on July 24 to review the June 2017"...

Britain's government will announce on Wednesday that it will ban the sale of petrol and diesel-fuelled cars from 2040 when all vehicles must be fully electric as part of a plan to clean up air pollution, according to newspaper reports.

The reported move follows a similar announcement earlier this month by the French government.

No one was immediately available for"...

(ME NewsWire)-- Mitsui Chemicals Inc. (Location: Minato-ku, Tokyo; President & CEO: Tsutomu Tannowa) (TOKYO:4183) announced that Mitsui Chemicals Catalysis Science Award will begin accepting applications for the “2018 Mitsui Chemicals Catalysis Science Award” on September 1st via web site of the company.

Mitsui Chemicals established the Mitsui Chemicals Catalysis Science Award in 2004 with"...

• Revenue of $7.5 billion increased 8% sequentially
• Pretax operating income of $950 million increased 25% sequentially
• GAAP loss per share, including charges of $0.40 per share, was $0.05
• EPS, excluding charges, was $0.35
• Quarterly cash dividend of $0.50 per share was approved

(ME NewsWire)-- Schlumberger Limited (NYSE:SLB) today reported results for the second quarter of 2017.

The market for drones in the GCC is expected to reach $1.5 billion by 2022, presenting a massive opportunity for regional telecom operators, according to Strategy&, formerly Booz & Company, and part of the PwC network.

By leveraging their capabilities and resources, these companies can play a central role in the development of the regional drone industry.

Originally created for military purposes, the usage of drones in the commercial space has increased significantly in recent years. There"...

The oil market will need more crude from Libya and Nigeria as it re-balances at a faster rate in the second half of the year after a slow start, Opec secretary-general Mohammad Barkindo said Sunday.

Compliance with production cuts by members of Opec is 'excellent,' Barkindo was quoted as saying in St Petersburg, Russia, Wam, the Emirates official news agency.

Libya and Nigeria are exempt from the cuts and have been boosting production, leading to speculations about whether the Organisation"...

Syria has never been a major petroleum power, but oil is a key resource fought over by all the factions in its civil war.

ISIL, the great profiteer from looted oil, is now under siege in its capital of Raqqa and largely defeated in its Iraqi base of Mosul. Yet hydrocarbons will continue to shape the country’s war economy.

Conspiracy theories that the war was triggered"...