Crude oil futures were lower during mid-morning trade in Asia Tuesday as the impact of Storm Barry started to taper off amid a return of normal production and refining operations Continue Reading
Oil prices dipped on Tuesday, extending losses from the previous session, as output in the U.S. Gulf of Mexico resumed after Hurricane Barry and as U.S. shale production is set Continue Reading
Oil futures settled lower Monday, shedding risk premiums as Hurricane Barry continued to weaken far inland and Gulf Coast oil operations began to normalize. NYMEX August WTI closed at $59.58/b, Continue Reading
Libya’s oil revenue took a beating in the first half of 2019 , according to its central bank as reported by Reuters. In the first six months of the year, Continue Reading
A natural gas pipeline in central Syria, which is under government control, went out of service on Sunday after militants attacked it, Syria’s state news agency SANA reported . The Continue Reading
The UK will facilitate the release of the Iranian oil tanker detained by Gibraltar earlier this month if Iran gave guarantees that the crude loaded on that vessel wasn’t bound Continue Reading
With a wobbling Gross Domestic Product of $1.8 trillion, countries in Sub-Saharan Africa are on the cusp of economic transformation, with the imminent coming on-stream of the $12 billion Dangote Continue Reading
European Union decisions to curb contacts and funding for Turkey over its drilling for gas and oil off Cyprus will not affect Ankara’s determination to pursue energy activities in the Continue Reading
Oil would initially jump by $15-20 a barrel if Iran blocked the Strait of Hormuz, but prices would ease immediately once U.S. forces engaged, said U.S. consultancy Rapidan, which analyzed Continue Reading
In line with its targets for increasing crude oil production to 6.2 million barrels per day (bpd) by end-2020 and 9 million bpd by end-2023, up from the current 4.6 Continue Reading
