Compliance to OPEC’s output-cut deal at 125% in December WTI gains while gasoline futures at highest since August Crude edged higher as OPEC showed increased determination to curb production and Continue Reading
Oil prices ended higher on Wednesday ahead of the release of U.S. petroleum data that was expected to show a ninth straight weekly drawdown in crude inventories. Brent futures LCOc1 Continue Reading
With this year opening with a geopolitical risk premium for oil prices, a survey from the World Economic Forum said those frictions were a growing concern. The WEF, in its Continue Reading
Hedge funds and other money managers continue to gobble up bullish bets on oil futures, but the speed with which spot prices have risen in the past few weeks raises Continue Reading
Iraq’s 2018 budget is delayed – tangled in political arguments over funding for post-war reconstruction, the development of Basra province, and revenue-sharing with Kurdistan. Yet the country would have enough Continue Reading
The oil majors are heading in opposite directions when it comes to investing in oil in the war-torn country, a sign of how differently they view the relative risk. Chevron Continue Reading
Iraq aims to sign a deal with BP on Thursday to boost production capacity from the northern Kirkuk oilfields, which were taken back in October by Iraqi government forces, an Continue Reading
The world’s longest river, a lifeline for hundreds of millions of people, is also fast becoming a fault line. Ethiopia’s ambitious $4.2 billion hydroelectric dam project on the Nile River’s Continue Reading
The Niger Delta Avengers, a sporadic militant group in Nigeria, said Wednesday its next round of attacks targeting deep water operations will be bloody. Nigeria is a member of the Continue Reading
Exxon Mobil Corp signed a deal with Ghana on Thursday to explore for oil in the Deepwater Cape Three Point offshore (DWCTP) oilfield. The signing followed direct negotiations between Ghana Continue Reading
