Oil prices climbed more than 1 percent on Thursday due to a threatened strike in Nigeria and as traders cover shorts after sharp losses the previous day brought on by Continue Reading
Oil investors were confident ahead of the OPEC meeting last week, holding onto their bullish bets, but now there seems to be a bit of an OPEC hangover after weeks Continue Reading
Withdrawing from the OPEC-NOPEC agreement to cut 1.8 million barrels per day of output could take up to six months to fully negotiate, according to top Russian energy official Alexander Continue Reading
Heavyweight firms London will be accompanying the City of London’s lord mayor on his trip to Saudi Arabia this coming weekend, as Saudi officials have yet to announce which would Continue Reading
The additional revenue generated from the reforms will be used to help balance the federal budget and encourage fresh investment in the energy industry. “The reform is aimed at increasing Continue Reading
Nigeria’s lack of infrastructure is hampering the transportation of gas to power plants, and six plants are currently sitting idle in the country because they lack gas, according to Shell’s Continue Reading
One of China’s biggest state-held companies, Sinopec, is suing Venezuela’s debt-ridden oil firm PDVSA in a U.S. court over unpaid bills, in a sign that China may be losing patience Continue Reading
One of the world’s newest and poorest countries, East Timor in Southeast Asia, could still be a success story even with expectations that its oil fields will run dry by Continue Reading
Beijing scaled back its plan to convert northern cities to cleaner fuel this winter after provinces warned of gas shortages, residents struggled to keep warm and reports of freezing classrooms Continue Reading
China is backpedaling on its massive push for the coal-to-gas switch after the move created gas shortages in the north that left people freezing in the cold snap, financial magazine Continue Reading
