Saudi Arabia and Russia, the architects of an oil production cut that has stabilized prices, presented a united front on compliance just as rising U.S. inventories have sparked doubts about the Continue Reading
Libya’s crude production made a partial recovery after clashes between rival armed groups led to a halt in shipments from two of the OPEC member’s biggest oil ports. Output rose on Tuesday to Continue Reading
Iran’s crude-oil exports touched 3 million barrels a day for the first time since the 1979 Islamic Revolution. That level, lasting just one day, was reached in the current Iranian Continue Reading
Militants from the self-proclaimed Islamic State (IS) militant group attacked the Hamrin oil field late Monday night, killing four guards and setting multiple wellheads on fire.The attack highlighted the IS Continue Reading
As the oil and gas industry gathers in Houston for CERAWeek, a major annual event, geopolitical drivers to oil prices will be a focus. U.S. shale producers will be particularly Continue Reading
A Scottish energy company focused on reserves offshore Africa said it’s assessing data from a reservoir estimated to hold more than 2 billion barrels of oil. Cairn Energy, which has Continue Reading
Shell Nigeria Exploration and Production Company (SNEPCo) has halted production at Nigeria’s Bonga oil field. The exercise, which commenced on March 4, was put in place for maintenance that will Continue Reading
Colombia’s oil industry continues to face bombings and other security challenges even after last year’s peace deal that ended a long-running guerrilla conflict, a top Colombian oil official said Tuesday. Continue Reading
Venezuela’s state-run oil company, PDVSA, has spent at least a decade trying to build business ties and boost shipments to refineries in India, where crowds once welcomed the late socialist Continue Reading
China’s strong appetite for Brazilian crude has set off alarm bells among various producers in Oceania and the Middle East, prompting Australian and key Persian Gulf crude suppliers to slash Continue Reading
