Houthi rebels in Yemen claim to have fired two ballistic missiles toward an oil facility in the southern Saudi city of Jizan, close to the border with Yemen, Houthi-controlled Saba Continue Reading
Algeria plans to raise its budget expenditure by 6 percent this year to capitalize on the higher oil prices ahead of presidential elections next year, but economists warn that boosting Continue Reading
A powerful airstrike by Saudi-led coalition hit the headquarters of the presidential office in the Yemeni capital Sanaa on Monday, targeting a secret meeting of Iranian-allied Shiite Houthi leaders and killing Continue Reading
The Oil Ministry has expanded the scope of its Kirkuk deal with BP to include major oil assets currently managed by the autonomous Kurdistan Regional Government (KRG) – adding a Continue Reading
Saudi Arabian Energy Minister Khalid al-Falih said on Monday he was concerned about possible shortages of spare crude oil output capacity, although he believes the market is in better shape Continue Reading
Saudi Arabia would supply Sudan’s energy needs for five years on credit under an agreement being discussed by both governments, Sudan Oil Minister Abdulrahman Othman said on Monday. Othman said Continue Reading
ConocoPhillips is expected to renew an effort to temporarily seize Venezuela’s PDVSA oil inventories at the 335,000-barrel-per-day Isla refinery in Curacao in the coming days, sources close to the state-run Continue Reading
ConocoPhillips has received court attachments for freezing the assets of Venezuelan PDVSA at two Caribbean facilities and might go on to sell them, Reuters reports , citing sources close to Continue Reading
State-owned Indian Railways carried 50.32 million mt coal during April, up 18% year on year, data released by the Directorate of Statistics and Economics on Tuesday showed. Of the total, Continue Reading
As the developed world moves farther and farther away from coal-fired energy, one major economy is breaking the trend. Japan, in a move that few could have foreseen, has opened Continue Reading
