OPEC Is Dead, What’s Next?
OPEC is dead, Rosneft’s head Igor Sechin has told Reuters . In a fine example of stating the obvious – at least to those who have been keeping an eye Continue Reading
Iran Oil Output Rose to Pre-Sanctions Levels in April, IEA Says
Iranian crude production rose to levels last seen before sanctions were imposed more than four years ago, helping to drive OPEC output to the highest in almost eight years, according Continue Reading
Saudi Arabia’s Desperation Hits a Peak
“Off with his head!” Okay, so maybe the order to fire Ali al-Naimi, Saudi Arabia’s oil minister, didn’t sound that drastic when it was issued. However, that doesn’t diminish how Continue Reading
Islamic State Bombings Kill Dozens in Baghdad
A series of Islamic State bombings on Wednesday killed at least 88 people in Baghdad, marking one of the deadliest days of insurgent violence in Iraq’s capital in years and Continue Reading
More gas for Eni coming out of Egypt
Italian energy company Eni said Wednesday it was able to boost its production at a gas field in Egypt within a year of making the initial discovery. Eni said production Continue Reading
Nigeria rules out negotiations with oil pipeline attackers
Nigerian military high command Wednesday ruled out engaging militants sabotaging oil production facilities in the Niger Delta, saying it would rather deploy “every available resources to deal decisively” with the Continue Reading
Nigeria: We Won’t Stop Pipeline Bombing, Says Niger Delta Militants
In defiance of President Muhammadu Buhari’s order for security forces to curtail militants’ violence in the South South geo political zone of the country, the Niger Delta Liberation Force (NDLF), Continue Reading
Nigerians Groan As Fuel Scarcity Resurfaces
Barely 24 hours after reports indicated the possibility of partial deregulation of the downstream petroleum sector, and days the country had a breather from scarcity, long queues have resurfaced at Continue Reading
Pipeline Outage Adds to Nigerian Oil Disruptions
Royal Dutch Shell RDS.A -0.20 % PLC on Wednesday said its exports of Nigerian crude oil had been significantly disrupted, adding to a slew of stoppages that have knocked out Continue Reading
Nigeria Oil Output Drops Again as Leak Adds to Security Woes
The Resilience of Oil Nation’s crude output reduced by about 400,000 barrels a day At least a fifth of Nigerian oil production, equivalent to almost 400,000 barrels a day, has Continue Reading