OPEC starts working on oil supply cut exit strategy: sources
OPEC has started working on plans for an exit strategy from its deal to cut supplies with non-member producers, two OPEC sources said, a sign that an eventual winding down Continue Reading
KRG forced into dire measures, trimming Peshmerga salaries
Kurdistan’s Cabinet is enforcing new cuts to the salaries of its armed forces as part of the austerity measures to cope with the financial crisis that has recently deepened due Continue Reading
Saudi-U.S. Nuclear Talks To Start In Weeks
Saudi Arabia will initiate talks with the U.S. administration within a few weeks about the participation of U.S. nuclear energy companies in the Kingdom’s first civilian nuclear energy project. That’s Continue Reading
Aramco’s “Acquisition Hit List”
Make no mistake, the sale of a 5 percent position in oil giant Aramco will be a once-in-a-generation opportunity. That’s why, as the market moves toward this historic placement, it Continue Reading
Saudi Arabia should not forfeit ‘sovereign’ right to enrich uranium: senior prince
Saudi Arabia should not forfeit its “sovereign” right to one day enrich uranium under its planned civilian nuclear program, especially as world powers have allowed Iran to do so, a Continue Reading
A lot more oil offshore Sierra Leone than early estimates showed
Situated near emerging oil basins offshore West Africa, a review of resources in Sierra Leone suggested a vast increase in potential, an explorer said. Exploration and production company African Petroleum Continue Reading
Nigeria’s state oil firm more than doubles fuel supply amid run on petrol
Nigeria’s state oil firm said on Thursday it has more than doubled the daily supply of fuel for motorists to 80 million liters, amid a run on petrol that has Continue Reading
CNOOC rents trucks to transport LNG cross-country
China National Offshore Oil Corp. (CNOOC) has rented a convoy of 100 trucks to transport LNG from its main receiving terminals in southern China to alleviate gas shortages in the Continue Reading
Jakarta Is Sinking So Fast, It Could End Up Underwater
Rasdiono and his daughter at the family’s Blessed Bodega in Jakarta. The sea, once far from his doorstep, now looms over the shop. Josh Haner/The New York Times Dredging along Continue Reading
China to Back Fresh UN Sanctions on North Korea Fuel
Petroleum product sales may be cut by 90 percent: proposal Move would come in retaliation for late-November missile test China has signaled it’s ready to back another round of United Continue Reading