Rosneft said Tuesday that it has completed the acquisition of ExxonMobil’s stakes in some joint projects set up to develop offshore Arctic, deepwater Black Sea, and West Siberian tight oil Continue Reading
Oil rose on Monday after Saudi crude production registered an unexpected decline in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its Continue Reading
Oil prices edged up on Monday as Saudi crude production took a surprising dip in July and American shale drilling seemed to plateau. Markets also anticipated an announcement from Washington Continue Reading
Diesel, marine gasoil, and jet fuel—collectively known as middle distillates—account for more than a third of global oil consumption. Used in road transportation, shipping, aviation, and manufacturing, middle distillates are Continue Reading
Highlights Shippers see margins soar for Iranian crude Freight premium more than doubles Shipowners in Europe still carrying Iran’s oil Flows to Europe expected to drop sharply London — Some Continue Reading
Iranians are hoarding gold as a safeguard against a collapsing local currency and soaring cost of living as the U.S. is poised to impose economic sanctions on Iran, pushing the Continue Reading
An Egyptian company plans to start importing gas from Israel for re-export in the first quarter of 2019, sources in the country’s energy sector said on Sunday, under agreements signed Continue Reading
Iraq’s election commission has completed a manual recount of votes from a parliamentary election held in May after the process was cut short in Baghdad, state television said on Monday. Continue Reading
Iraqi Oil Minister Jabar al-Luaibi said oil prices are approaching stability, the al-Sabah state newspaper reported on Monday. Iraq plans to raise oil production to more than 7.5 million barrels Continue Reading
The construction of the 650,000 barrels of crude oil per day Dangote Refinery by the Dangote Group is expected to help Nigeria save over $7.5 billion through import substitution and Continue Reading
