Saudi Aramco has started talks with customers globally to discuss possible cuts of 3 percent to 7 percent in February crude loadings to comply with OPEC production cuts, four sources Continue Reading
Saudi Arabia raised pricing for February oil sales to Asia and increased premiums for light grades to the U.S. as the world’s largest crude exporter prepares to reduce output to Continue Reading
Iraq has started trimming crude oil production in a managed fashion in order to comply with an OPEC agreement, the oil minister said. “Iraq is dealing wisely” with its commitment Continue Reading
Libya is about to re-open the last major oil terminal that has been shut due to factions fighting in a move that would allow it to further increase oil exports, Continue Reading
Lebanon intends to restart its first oil and gas licensing round after a three-year delay, the energy minister said on Thursday, hoping to kick-start the development of a hydrocarbon industry. Continue Reading
Iraq’s federal government exported nearly 10 percent more oil in 2016 than it did the year before, though the Oil Ministry is cutting production in the new year as part Continue Reading
Royal Dutch Shell Plc shut the Trans Niger oil pipeline after a fire, threatening to worsen a drop in Nigerian output due to unplanned disruptions. The line can transport about Continue Reading
Some 600 people have been arrested, one policeman killed and around 300 stores looted as protests intensify in Mexico following the weekend decision to hike fuel prices by 20 percent, Continue Reading
China intends to spend more than $360 billion through 2020 on renewable power sources like solar and wind, the government’s energy agency said on Thursday . The country’s National Energy Continue Reading
Crude oil futures fell on Tuesday as expectations that this week’s reports will show U.S. crude inventories rose again countered supportive news of Libyan oilfields being shut. U.S. crude stocks Continue Reading
