Trump scrapping Iran deal will cause gas, oil price spikes
Gas prices might get to $3 per gallon and the current rally in oil prices will kick into overdrive if Trump denies a waiver on Iranian sanctions, experts said. U.S. Continue Reading
Oil Extends Gains Ahead of Trump Iran Decision
Oil prices hit a fresh three-year high on Thursday ahead of a U.S. decision on whether to extend temporary waivers on sanctions against Iran . Light, sweet crude for February Continue Reading
Analysis: OPEC’s Venezuela, Africa woes could give other members room to boost oil output
If any OPEC members have been tempted to cheat on their quotas with oil prices hovering around three-year highs, they have yet to act on it. Higher prices may embolden Continue Reading
UAE Oil Minister: OPEC Deal Could Extend Beyond 2018
The OPEC/Russia deal for crude oil production cuts could extend beyond 2018, the United Arab Emirates’ energy minister, Suhail al-Mazrouei has suggested. Speaking to CNBC , Al-Mazrouei said “I am Continue Reading
Saudis Shortlist New York, London, Hong Kong For Aramco IPO
Saudi Arabia has shortlisted New York, London, and Hong Kong for the initial public offering of its oil giant Aramco, with the three exchanges considered either singly or a combination Continue Reading
Trump to extend Iran sanctions relief, keeping nuclear deal intact: source
U.S. President Donald Trump will extend sanctions relief granted to Iran under its 2015 nuclear deal with the United States and other world powers, leaving the accord intact for now, Continue Reading
Iraq says 26 companies allowed to bid for oil, gas blocks in border areas
The Iraqi oil ministry said on Friday 26 companies have qualified to bid for oil and gas blocks in border areas. Five companies qualified recently to take part in the Continue Reading
Nigeria: Fuel Scarcity Persists Amid High Prices Across Nigeria
Barely a week after the fuel scarcity across Nigeria subsided in major cities, long queues of motorists have resurfaced at filling stations in Abuja, Lagos and other parts of the Continue Reading
Explosion hits major gas pipeline in Nigeria
An explosion ruptured a major Nigerian gas pipeline on Thursday, the state oil firm said in a statement, days after the same line was repaired following damage from a fire Continue Reading
Venezuela’s crude sales to the U.S. fell below 600,000 bpd in 2017
Venezuela’s crude oil sales to the United States fell for the second month in a row in December, knocking the year’s average to 593,047 barrels per day (bpd), the lowest Continue Reading