Iranian Oil Minister Gains Influence in OPEC
When a handful of OPEC countries floated a proposal to reintroduce production limits on members on Wednesday, it took only a few hours for Iran to quash the idea with Continue Reading
Libyan commander says his forces are inside IS stronghold
A top Libyan commander loyal to the U.N.-brokered government says his forces have pushed into an Islamic State stronghold in central Libya and are now fighting militants on the streets Continue Reading
Iran Sees Better OPEC Climate as Rivals Accept Its Rising Output
Relations among OPEC members have improved significantly after several acrimonious meetings as the oil-producing group accepts Iran’s revival of crude output, the Iranian oil minister said. “We had a meeting Continue Reading
Fresh Attacks in Niger Delta Target Shell, Eni Installations
Niger Delta militants have launched multiple attacks on oil installations over the past 24 hours, reportedly targeting Shell’s Forcados terminal again and additional sections of the AGIP crude oil pipeline Continue Reading
After Massive Shake Up, President’s Daughter to Head Angola’s Oil Gian
Isabel dos Santos Long-time Angolan President Jose Eduardo dos Santos has appointed his daughter to lead the oil-rich country’s state-run oil giant Sonangol after firing the entire board and replacing Continue Reading
Nigeria: Niger Delta Avengers Strikes Again, Reinstates Vow to Bring Nigeria’s Oil Production to ‘Zero’
Niger Delta Avengers, the new militant group that has claimed responsibility for a string of attacks on oil and gas installations in the Niger Delta, continued its disruption of Nigeria’s Continue Reading
Nigeria: Avengers Blow Up Shell Pipeline, Claims Oil Production Now 800,000 B/D
The Niger Delta Avengers said early Friday morning it has blown up Shell’s forcados 48 export pipeline, one of Nigeria’s biggest export terminals, which was under repair after the group Continue Reading
Nigerian Militants Say Aim is Zero Oil Output After Three New Attacks
The Niger Delta Avengers militant group has claimed responsibility for three new attacks on Nigeria’s oil infrastructure, promising to cut production to zero. The attacks are the latest in a Continue Reading
Nigerian militants warn of ‘zero’ oil output in new attacks
The Niger Delta Avengers militant group has claimed three new attacks on Nigeria’s battered oil infrastructure, promising to drag production down to “zero”. The attacks are the latest in a Continue Reading
Exxon CEO Says Argentina Shale Investment May Exceed $10B
Exxon Mobil Corp. may invest more than $10 billion in Argentina’s Vaca Muerta shale formation in the next decades, Chairman and Chief Executive Officer Rex Tillerson says. (Bloomberg) — Exxon Continue Reading