Forties Pipeline System halted; repairs to take 2-3 weeks Interest in alternative supply from Asia, U.S. seen boosted The effects of a hairline crack in one of the world’s most Continue Reading
Vladimir Putin officially launched on Friday the Yamal LNG project in the Arctic—Russia’s second LNG plant and its push to challenge the dominance of Qatar and Australia, and the U.S. Continue Reading
Oil and gas firms could lose millions of dollars in the event of a prolonged shut down of the Forties Pipeline System, oil and gas analysts at GMP FirstEnergy have Continue Reading
Oil markets edged lower on Monday as ongoing output cuts led by OPEC were countered by rising U.S. drilling activity that points to a further increase in American production. Brent Continue Reading
The surge in gasoline stocks offset the positive news of a crude inventory drawdown this week, deflating sentiment surrounding crude oil prices. Gasoline stocks jumped by a stunning 6.8 million Continue Reading
When writing about markets, here and elsewhere, I usually try to avoid the temptation to write sensational things. Words like “collapse” and “crash”, or “surge” and “explode” attract clicks, which Continue Reading
Iraqi Oil Minister Jabar al-Luaibi said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk Continue Reading
It will be a lot easier for Saudis to see films on the big screen now the theater ban has been lifted. DUBAI—Saudi Arabia Monday lifted a decades-old ban on Continue Reading
The ruling Socialist Party swept local elections in Venezuela after an opposition boycott and widespread allegations of pro-government bias, setting the stage for a presidential vote next year. President Nicolás Continue Reading
Opposition parties have accused President Nicolas Maduro of running a dictatorship Venezuela’s president, Nicolas Maduro, says the country’s main opposition parties are banned from taking part in next year’s presidential Continue Reading
