One dead in Bai Hassan oil field bombing
Two IED attacks have hit northern Iraqi oil fields in the past week. Fire burns from an oil storage tank after a militant attack at the Bai Hassan South oil Continue Reading
Russia says in talks over Iranian oil purchases
Russia has been in talks of buying oil from Iran, Energy Minister Alexander Novak said on Monday, confirming earlier reports. At the sidelines of a economic forum in the Black Continue Reading
Economic Slump Squeezes Nigerians Fearing Pain Isn’t Over
The ‘Computer Village’ in the Ikeja suburb of Lagos, where electronic products such as mobile phones, computer hardware and accessories are sold. It’s 4 p.m. in Nigeria’s capital and Ahmed Continue Reading
Saudi Arabia and Iraq Crude Exports to US Hit Five-Year High
Crude oil imported to the United States from Saudi Arabia and Iraq combined has reached a peak not seen since 2012, but the U.S. Energy Information Administration says the volume Continue Reading
Coal Industry Casts Itself as a Clean Energy Player
President Trump has questioned the science behind climate change as “a hoax” in positioning himself as a champion of coal. The three largest American coal producers are taking a different Continue Reading
Have The Majors Given Up On Canada’s Oil Sands
Canada’s oil sands could struggle to rebound, with potentially billions of barrels of oil being kept underground permanently. Canada’s oil sands are incredibly expensive, some of the costliest sources of Continue Reading
Lukoil’s Middle East Head Sees Oil at $55-$65 a Barrel on Cuts
Al-Jebouri Says Iran Is a Lukoil Focus Oil will stabilize around $55 to $65 a barrel as OPEC fulfills its agreement to cut output, with stockpiles and shale production keeping Continue Reading
How Russia Is Using Oil Deals To Secure Its Influence In The Middle East
A string of oil deals between Russian oil companies and Arab petrostates have shifted the center of political gravity in the Middle East and North Africa towards Moscow – counteracting Continue Reading
Oil Prices Ease as U.S. Crude Stocks Rise Again
Oil prices eased Friday as still bloated U.S. supplies continued to weigh on prices. The selloff came just as it appeared crude prices were poised to break out of the Continue Reading
Oil Trades Near 19-Month High on Decline in Crude Flows to U.S.
Oil traded near the highest level since July 2015 as a drop in U.S. crude imports signaled that OPEC’s output cuts are taking effect. Futures in New York are set Continue Reading