Kurdish military leaders confirmed to Arab media the Islamic State terror group was responsible for attacks on oil and gas installations in northern Iraq. Suicide bombers with the group calling Continue Reading
Arab Light crude to Asia cut by $1.30 to $1.10 discount Extra Light, Light pricing for U.S. clients also reduced Saudi Aramco, the world’s largest oil exporter, lowered the pricing Continue Reading
European companies show most interest in projects: Zanganeh Oil contract model has been under development for two years Iran is expected to approve a new model for oil contracts on Continue Reading
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. Sometimes actions really do speak louder than words, with Saudi Arabia’s slashing Continue Reading
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran’s Oil Minister says the oil market is oversupplied but Continue Reading
Militants cause oil output of 175,000 barrels a day to halt Fires still burning at two tanks in Bai Hassan oil facility Kurdish Peshmerga forces in northern Iraq regained control Continue Reading
Libya’s state oil company said on Sunday it welcomed the “unconditional” reopening of blockaded oil ports following a controversial deal between the U.N.-backed government and a force that controls key Continue Reading
Suspected militants have attacked an oil pipeline operated by a local affiliate of Shell in Nigeria’s restive southern Niger Delta region, locals and a community group said on Monday. Militants Continue Reading
This implies that Africa awaits major crisis unless governments become unified in giving priority to water security management and sanitation. Almost 98 per cent of the affected people live in Continue Reading
A new decree by Venezuela’s government could make its citizens work on farms to tackle the country’s severe food shortages. That “effectively amounts to forced labor,” according to Amnesty International, Continue Reading
