Agricultural commodities fell as traders weighed an improved outlook for global food supplies, with signs pointing to burgeoning palm oil exports from Indonesia and a large Russian wheat crop this Continue Reading
In a significant concession aimed at reviving stalled negotiations with the United States, Iran has dropped its demand that the Iranian Revolutionary Guard Corps (IRGC) be removed from Washington’s list Continue Reading
Qatar signed massive deals with TotalEnergies and Eni for the expansion of the world’s biggest LNG project. The North Field Expansion plan includes six LNG trains that will raise Qatar’s Continue Reading
Bashaga: It’s unlikely that Libya will descend into a full-blown civil war again. Without a unified government, Libya’s oil exports will remain unstable in the short-to-midterm. As of the middle Continue Reading
A Baghdad court postponed the Oil Ministry’s lawsuit against international oil companies working in Iraqi Kurdistan for a third time on Monday, marking a further delay in a complicated legal Continue Reading
There were indications, weekend, that the fuel shortage noticed in Lagos and its environs would worsen, as independent marketers said they have not been supplied for days. An investigation by Continue Reading
Nigeria, Algeria and Niger Republic yesterday moved to reactivate the $13 billion Trans- Saharan Natural Gas Pipeline (TNGP) project as demand pressure continues to mount from within the continent and Continue Reading
Highlights Smaller OSP hike for July versus other producers Cheaper Urals, Canadian grades weigh on Basrah demand Iraqi Basrah crude is likely to face stiff competition in the current trading Continue Reading
Ecuador’s state-owned oil company Petroecuador declared force majeure across exploration, production, and transportation operations amid escalating protests against the government. This means that exports of oil from the Andean country Continue Reading
Russia overtakes Saudi as top supplier after 19-month gap Russian imports nearly 2 mln bpd in May Imports from Malaysia more than doubled in May yr/yr Customs reports 3rd Iranian Continue Reading
