Natural Gas Settles Down 2.6%
Natural-gas prices fell to a fresh two-month low Friday on expectations of continued mild demand. A warmer-than-average winter in the eastern half of the U.S. has limited demand for natural Continue Reading
Payments continue for Kurdish oil exports
Though its government said it’s struggling financially, Gulf Keystone Petroleum said it was still getting paid for oil exported from the Kurdish north of Iraq. Gulf Keystone Petroleum, which has Continue Reading
U.S. says meeting for Syria cease-fire delayed, not canceled as Russia claims
Turkish artillery fire from the border near Kilis toward northern Syria, in Kilis, Turkey on Monday. (Halit Onur Sandal/AP) BEIRUT — Russia and the United States appeared at odds Friday Continue Reading
U.S. Bombing in Libya Reveals Limits of Strategy Against ISIS
American warplanes bombed a seaside town in Libya early Friday aiming to kill a militant commander linked to attacks on Western tourists. But the mission also highlighted the widening gap Continue Reading
U.S. strikes Islamic State in Libya, killing 40 people
U.S. warplanes carried out air strikes against Islamic State-linked militants in western Libya on Friday, killing as many as 40 people in an operation targeting a suspect linked to two Continue Reading
Angolan Rebels to Resume Armed Insurrection in Oil-Rich Region
Rebels in Angola’s oil-rich Cabinda region said they’re resuming an armed campaign to gain independence for the enclave after the government failed to respond to its request for talks. The Continue Reading
Higher prices hit Venezuela’s pumps but fuel still cheaper than water
Venezuela’s 1989 fuel price hike helped spark riots that left hundreds dead, traumatized the country and spooked future presidents from touching the world’s cheapest fuel. Yet the most significant rise Continue Reading
OPEC’s Weakest Link Venezuela Sees Payoff in Oil Freeze
The deal struck between Saudi Arabia and Russia this week to cap oil output was the first meaningful response by producing countries to the collapse in crude prices. It was Continue Reading
Rosneft to Pay $500 Million to Boost Stake in Venezuela Venture
Russia’s Rosneft OJSC agreed to pay $500 million to Petroleos de Venezuela SA to increase its stake in their Petromonagas crude-processing joint venture. The deal will increase Rosneft’s stake in Continue Reading
Venezuela Said to Consider Aruba Refinery to Upgrade Heavy Oil
Venezuela’s state oil company Petroleos de Venezuela SA is said to be looking into leasing the Aruba refinery, where it would ship tar-like oil to be upgraded into higher value Continue Reading