Oil prices posted fresh four-month highs this week on tighter supply conditions before economic fears sent oil markets crashing. Venezuela and Iran continue to report outages, while the surprise drawdown Continue Reading
Oil fell about 2 percent on Friday, slipping further from 2019 highs as focus shifted to a lack of progress in U.S.-China trade talks and as grim manufacturing data from Continue Reading
Global stocks and bond yields slumped Friday as weak manufacturing data deepened investors’ anxiety about the health of the world economy. Major stock indexes have rallied this year despite a Continue Reading
U.S. sanctions have cut off Iranian oil shipments to Syria, taking an unprecedented toll on a flow of crude that had persisted in the face of long-term international restrictions and Continue Reading
Iran’s Ministry of Defense unit responsible for developing nuclear weapons is poised to restart work and is using front companies to buy materials from Russia and China that could be Continue Reading
All the requirements needed for the start of Israeli gas exports to Egypt are not yet in place, an Israeli energy ministry source said, with first flows now not expected Continue Reading
Exxon’s negotiations with Algeria for the development of local shale gas resources are being delayed because of the widespread anti-government protests in the North American country, Reuters reported this week, Continue Reading
The Federal Government has kick-started the rehabilitation of Port Harcourt refineries. Speaking yesterday at the inauguration ceremony in Port Harcourt, Dr Maikanti Baru, Group Managing Director of NNPC, said the Continue Reading
India’s Reliance Industries, operator of the world’s largest oil refining complex, on Friday, said in a statement it was not breaching U.S. sanctions against Venezuela. The company said that its Continue Reading
The Mexican government plans to use money from a public income stabilization fund to help reduce the sizeable debt pile that state energy major Pemex has accumulated. Reuters reports , Continue Reading
