Oil edged up towards $64 a barrel on Tuesday, supported by the Forties pipeline outage in the North Sea, OPEC-led supply cuts and expectations that U.S. crude inventories fell for Continue Reading
Oil prices settled lower Monday, reversing gains after a potential oil worker strike in Nigeria was called off, easing supply concerns. Light, sweet crude for January delivery lost 14 cents, Continue Reading
Nigerian oil worker talks will continue in January: Pengassan Repairs to cracked North Sea oil pipeline proceeding to plan Crude lingered near $57 a barrel for a third day as Continue Reading
Oil is on course for a second annual gain after last month’s decision by OPEC and its allies to extend production curbs in a bid to shrink bloated inventories. While Continue Reading
Global coal demand is on a clear decline and its share in the power mix is on pace to fall to the lowest level since record-keeping began, the IEA said Continue Reading
Workers at a drilling site in the Czech Republic. On the slope of a thickly forested Czech mountain, three men in hard hats and mud-spattered fluorescent vests dig for the Continue Reading
Saudi Aramco has appointed U.S. investment bank Citi to lead a $2 billion financing backed by Britain, sources familiar with the deal said. The loan mandate will not be particularly Continue Reading
Spanish energy company Repsol said it started production from a complex of Algerian gas fields, finishing off one of its most significant African developments. Repsol CEO Josu Jon Imaz joined Continue Reading
While facing uncertainties because of external factors, the Iranian economy is expected to pick up the pace, the International Monetary Fund said Monday. “Growth has begun to broaden to the Continue Reading
Just as oil watchers wonder whether Libya’s ambitious oil production targets could undermine the OPEC deal, Libya’s General Haftar—the man largely responsible for freeing up Libyan oil production after two Continue Reading
