Iraq has suspended Basra Light crude oil loading at two export terminals in the country’s south after a pipeline leak, four shipping and trade sources said on Monday. One of Continue Reading
The Marsa al-Hariga oil terminal in eastern Libya. No timing for lifting of force majeure on ports yet: NOC Four of biggest oil ports shut due to politics, fighting Libya’s Continue Reading
Kuwait is considering privatizing its oil-field services sector, a senior finance ministry official said Tuesday, in a potentially controversial move in the petroleum-dependent Persian Gulf state. Fears of industry privatization Continue Reading
Standard Bank, Old Mutual temporarily close Juba operations Kenya’s KCB moves staff to safety and reduces branch activity The biggest banks and insurers in Africa, including Old Mutual Plc and Continue Reading
Angola’s inflation rate rose to the highest in at least five-and-half years in June. Inflation accelerated to 31.8 percent last month from 29.2 percent in May, the Luanda-based National Statistics Continue Reading
Venezuela’s President Nicolás Maduro put the armed forces in charge of a new food supply system aimed at alleviating crippling shortages, ceding yet more power to a military apparatus that Continue Reading
Vaca Muerta Argentina has been shaping up as one of the best places on Earth for oil and gas exploration. With high and rising government-mandated prices helping to spur big Continue Reading
Annual output seen losing 200,000 b/d, double earlier forecast Oil industry has been hurt by power shortages, economic crisis Venezuelan crude production fell to a 13-year low last month as Continue Reading
Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing’s claims across large swathes of the South China Sea, fuelling geopolitical tensions in Continue Reading
In this May 7, 2012 photo released by China’s Xinhua News Agency, Haiyang Shiyou oil… Among the many questions to come out of Tuesday’s ruling on the South China Sea: Continue Reading
