Two members exempt from Algiers deal add 190,000 barrels a day Overall output gains even as Saudi Arabia cuts supplies OPEC crude production rose to a record in September, according Continue Reading
Iranian Oil Minister Bijan Zanganeh says to expect formal contracts for oil work in his country to emerge before the end of the calendar year. Foreign companies are busy studying Continue Reading
National Iranian Oil Co, or NIOC, signed its first oil deal with a local company using its new Iran Petroleum Contract (IPC), the company announced Wednesday. The heads of agreement Continue Reading
Supplies of South Pars condensate purchased on spot basis Cargo to be loaded between September and October this year Iran’s state-owned oil company sold condensate to BP Plc for the Continue Reading
Low commodity prices, weak confidence drag down growth Nigeria’s economy forecast to contract 1.7% this year The International Monetary Fund has cut its 2017 economic growth forecasts for Africa’s two Continue Reading
Seven years ago, Ghana was about to become the next thriving economy, basking in the wealth generated by its newly discovered oil and gas. But that scenario never became a Continue Reading
For decades, jobs at Venezuela’s state-run oil giant PDVSA were coveted for above average salaries, generous benefits and cheap credit that brought home ownership and vacationing abroad within reach for Continue Reading
The U.S. and China are locked in negotiations over curbing North Korea’s energy trade in response to its fifth nuclear test last month, according to four diplomats from United Nations Continue Reading
Pump prices have climbed higher as compared to the previous week, even though many states have switched over to winter blend gasoline and there remain abundant crude oil supplies. The Continue Reading
Canada’s oil-sands industry is in a race with other forms of crude production and emerging technologies such as electric cars to remain a relevant energy source in the coming decades, Continue Reading
