Climate change could have wiped out alien civilizations and may be on the way to wipe out mankind, too, a new study has suggested. Using simulations based on information about Continue Reading
No impact on Iran output seen yet from sanctions Nigeria beset by key pipeline outages Saudi Arabia tops 10 mil b/d for first time since Oct Angola crude production hits Continue Reading
OPEC will probably reject Iran’s request to put the U.S. sanctions against Tehran up for discussion at the cartel’s official meeting later this month, a source familiar with the issue Continue Reading
Oil prices could jump to $140 a barrel due to the U.S. sanctions against Iran and Venezuela, Iran’s OPEC governor Hossein Kazempour Ardebili told Reuters on Friday. The Iranian official Continue Reading
OPEC is likely to reject a request by Iran to discuss U.S. sanctions against Tehran at this month’s meeting of the oil producer group, a source familiar with the matter Continue Reading
Iran said on Friday a U.S. request for Saudi Arabia to pump more oil so that it could cover a drop in Iranian exports was “crazy and astonishing” and said Continue Reading
Iranian oil production levels are static, showing U.S. sanctions pressures have yet to materialize. With sanctions pressures looming over Tehran, production from OPEC’s third-largest producer, Iran, hasn’t yet been impacted, Continue Reading
Saudi Arabia has started boosting oil production after two years of curtailing output, a move that gives Riyadh a jump on other OPEC producers who are expected to open the Continue Reading
The Federal Government has remained docile over the need to review the Production Sharing Contract (PSC) signed about 25 years ago between the Nigerian National Petroleum Corporation (NNPC) and International Continue Reading
An auction for rights to tap into the oil basins off the coast of Brazil highlights the country’s prospects for those with deep enough pockets, analysis found. Brazil on Thursday Continue Reading
