Israel’s Delek Group confirmed on Sunday it submitted a proposal through its Ithaca unit to buy Chevron’s oil and gas fields in the British North Sea. Last week Reuters reported Continue Reading
Eastern Libyan state oil firm AGOCO, a subsidiary of state oil firm NOC, is producing 304,000 barrels a day of oil, its chairman told Reuters on Sunday. Mohamed Shatwan said Continue Reading
Uncertainty over the outlook for oil prices and weaker global economic conditions have added pressure on Middle East oil exporters to deepen reforms and boost job creation, the International Monetary Continue Reading
OPEC de facto leader and the world’s largest oil exporter Saudi Arabia has now officially joined the ranks of the world’s ever-expanding liquefied natural gas (LNG) exporters club. State-owned Saudi Continue Reading
A top Iranian military official repeated a threat to shut the Strait of Hormuz if the country’s oil shipments are blocked by US sanctions, at the same time an official Continue Reading
The National Union of Petroleum and Gas Workers (NUPENG) has urged the federal government to reject the advice given by the International Monetary Fund (IMF) on fuel subsidy. NUPENG also Continue Reading
Indian refiners processed 22.5 million mt, or an average 5.3 million b/d, of crude oil in March, up 6,5% year on year, latest data from the oil ministry showed, reflecting Continue Reading
Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing the global supply of heavy-medium crude, driving up prices for scarcer barrels and Continue Reading
US sanctions came into effect Sunday to block Venezuela’s economic lifeline of oil exports, in what Washington hopes will be a major blow in its fledgling campaign to topple leftist Continue Reading
A deadly disease sweeping China’s hog barns is reinvigorating the fortunes of U.S. meat companies. Outbreaks of African swine fever have led to the culling of millions of hogs in Continue Reading
