An Iranian tanker carrying condensate that collided with a Chinese freight ship on Saturday is still burning and could burn for a month, the South Korean Ministry of Oceans and Continue Reading
Royal Dutch Shell has sold its 20-percent stake in Iraq’s West Qurna-1 oil field to Japan’s Itochu Corporation, and Iraq has approved the transaction, a senior Iraqi oil official told Continue Reading
Donald Trump is being urged by some top advisers not to bring back U.S. economic sanctions on Iran this week, a move by the president that would effectively end a Continue Reading
Nigerian state oil company NNPC has issued a tender to buy up to 1.55 million tonnes of gasoline from January to April in its latest effort to stave off shortages Continue Reading
Recurrent fuel shortages in Nigeria, ironically the continent’s prime producer of the commodity, are seen as highlighting its failure to domestically refine the petroleum products it requires for its own Continue Reading
Venezuela has more oil than any other nation in the world, but it keeps pumping less and less. Oil production fell in December to one of its lowest points in Continue Reading
The government has forced more than 200 establishments to lower prices in the middle of a hyperinflationary spiral. Venezuela’s opposition-controlled legislature said Monday that inflation in the economically struggling nation Continue Reading
The Venezuelan Parliament, run by the opposition, voted on Tuesday to declare Nicolas Maduro’s plan to issue an oil-backed cryptocurrency—the Petro—illegal, claiming that it violates the constitution and attempts to Continue Reading
Thieves in China have vandalised a newly opened solar highway, less than a week after the road was christened with much fanfare. The one-kilometre stretch of road in the eastern Continue Reading
Since the new Russia-China oil supply agreement took effect at the start of the year, PetroChina’s largest refinery has almost doubled the amount of Russian pipeline crude oil that it Continue Reading
