Nigeria raised the price cap for gasoline 67 percent as President Muhammadu Buhari’s administration moved to tackle months of fuel shortages in the OPEC-member country. Gasoline will now sell for Continue Reading
Nigerian President Muhammadu Buhari demanded on Wednesday that Britain return assets held there by corrupt Nigerians, pointing the finger back at London after Britain’s prime minister suggested Nigeria was “fantastically Continue Reading
Petrobras’ stock has been a disaster for investors for years. Even when virtually every other oil company on the planet was seeing their stock move higher, PBR still somehow managed Continue Reading
A raft of government initiatives has propelled India’s insatiable appetite for LPG to record highs, leading analysts to believe that growth is expected to hover close to double digit levels Continue Reading
The global oil surplus in the first half of this year will probably be smaller than previously estimated because of robust demand in India and other emerging nations, the International Continue Reading
A labourer works at a PetroChina refinery in Suining, southwest China’s Sichuan province November 22, 2007. Expect no radical “big bang” in China’s shake-up of its giant state-run energy firms, Continue Reading
Auto sales in China, the world’s biggest auto market, surged 6.3 percent year on year to 2.12 million units in April, data from an industry association showed on Wednesday. Sales Continue Reading
U.S. crude stockpiles fell unexpectedly last week for the first time since March as imports slipped, U.S. government data showed on Wednesday. Gasoline and distillate inventories also dropped more than Continue Reading
Oversize transport trailers typically barrel dangerously along Highway 63 as they deliver heavy loads of equipment and even prefabricated metal buildings to the multibillion-dollar oil sands projects that dominate this Continue Reading
Linn said Wednesday that it expects available cash during the bankruptcy process will be sufficient… Oil and gas producer Linn Energy LLC filed for chapter 11 bankruptcy Wednesday after reaching Continue Reading
