U.S. crude stockpiles last week rose to a record high for a fourth straight week even as distillate and gasoline inventories fell significantly more than expected, data from the Energy Continue Reading
Market watchers are announcing the demise of the oil majors. Not for the first time. According to Jilles van den Beukel, former geoscientist with Shell, the oil companies are indeed Continue Reading
Oil prices edged lower on Tuesday after Kuwait said it would only agree to an output freeze if all major producers take part and Goldman Sachs analysts poured cold water Continue Reading
Iran sought to reassure investors of its commitment to unveil new and improved oil contracts, downplaying domestic opposition to the return of international energy companies. Mohammad Nahavandian, President Hassan Rouhani’s Continue Reading
Kirkuk health officials confirm respiratory problems among victims and corroborate other details of the Kirkuk Gov. Najmaldin Karim condemns the attack in visit to Taza The attack likely originated from Continue Reading
The crash in the price of oil has hit Angola hard. Hospitals across the country are low on resources, including medicines. There are food shortages in the North, drought in Continue Reading
Angry oil workers have shut down all offices and facilities of the Nigerian National Petroleum Corporation, NNPC, in protest of Tuesday’s splitting of the state oil company by the federal Continue Reading
The minister of state for petroleum resources, Dr Ibe Kachikwu, has disclosed the federal government’s plans to end the importation of petrol within the next 18 months. Disclosing this in Continue Reading
Kenyan government officials are set to hold a meeting with their Ugandan counterparts to resolve outstanding issues with the hope of influencing the proposed crude oil pipeline route infavour of Continue Reading
Venezuela will move to a floating exchange rate for non-essential imports on Thursday and allow the state-owned oil company to sell dollars into the new market, said Miguel Perez Abad, Continue Reading
