Iran boasts of post-sanctions oil performance
With Iranian crude oil production moving past what it was during the sanctions era, the government said it was now looking to ensure a strong market position. Iranian crude oil Continue Reading
Kurds ready for new oil deal with Baghdad if they get $1 billion a month
Iraq’s Kurds are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees them a monthly revenue of $1 Continue Reading
Iraqi Army regains momentum towards Mosul
The Iraqi Army, with heavy support from a newly concerted wave of coalition airstrikes, retook tactically important territory in Ninewa province from the so-called Islamic State (IS) group Tuesday – Continue Reading
Nigeria Central Bank to Announce New Currency Policy Wednesday
Nigeria’s central bank Governor Godwin Emefiele will unveil a new currency policy on Wednesday afternoon in Abuja, the capital, according to a spokesman. The governor’s announcement will be televised, Isaac Continue Reading
NDA Threatens to Sink Oil Tankers, Review Its Stance of Not Taking Lives
The Niger Delta Avengers militant group has threatened to sink oil tankers and “review” its stance of not taking lives in its latest warning to oil and gas companies operating Continue Reading
Nigeria Delays New Bank Capital Rules in Bid to Avoid Recession
Nigeria plans to delay new capital rules for banks as regulators in Africa’s biggest economy follow fellow oil producer Kazakhstan in trying to boost lending and avoid a recession. The Continue Reading
Nigeria: Mega Stations Threaten Shutdown Over Pump Price Disparity
The Association of Mega Filling Station Owners of Nigeria (AMFSON) has vowed to lock up their filling stations over pump price disparity, saying if the Minister of State for Petroleum Continue Reading
Moody’s: LatAm Oil Companies Need Over $55/Bbl To Break Even
Latin American national oil companies need crude prices to surpass $55 per barrel to break even, a level that would allow them to invest capital enough to start reverting declining Continue Reading
Exclusive: Venezuela in talks with China for grace period in oil-for-loans deal – sources
Venezuela is in talks with China to obtain a grace period in its oil-for-loans deal that would improve the OPEC nation’s capacity to make bond payments amid an economic crisis, Continue Reading
US and Venezuela to hold high-level talks to ease crisis
The US and Venezuela announced on Tuesday they would launch high-level diplomatic talks to ease tensions in the South American country amid a deepening humanitarian crisis. John Kerry, US secretary of Continue Reading