Iraq exported more than 100 million barrels of oil last month
Iraqi crude oil sold at a discount of more than $3 per barrel to Brent, the global benchmark, in January, the government reported. File photo by Ali Jasim/UPI Feb. 27 Continue Reading
Saudi Monarch Replaces Military Brass, Launching Defense Revamp
Saudi Arabia’s monarch ordered a far-reaching shake-up of its armed forces to strengthen its military amid a drawn-out war in Yemen and efforts to contain Iran’s influence in the Middle Continue Reading
Oil-Rich Nigeria Fuel Scarcity Weighs on Buhari’s Popularity
Shortages hit a year before general elections in 2019 Government’s fuel subsidies foster dearth of supplies A giant electronic advertising screen displays headline news about President Muhammadu Buhari in Lagos. Continue Reading
Nigeria: Buoyed By Non-Oil Sector, GDP Sustains Growth At 1.92% in Q4 2017
Buoyed by the non-oil sector, the Nigerian economy grew in real terms by 1.92 per cent in the fourth quarter (Q4) of 2017 (year-on-year), maintaining its positive growth trajectory since Continue Reading
Natural Gas To Become Primacy Source Of Energy In Latin America
On Thursday, February 1, Hon. Alfonso Blanco Bonilla, Executive Secretary of the Latin America Energy Organization (OLADE), presented the energy outlook for 2018 to the 2 nd Latin America Energy Continue Reading
Oklahoma regulator issues new regional protocol to curb earthquakes
HOUSTON (Reuters) – Oklahoma’s oil and gas regulator on Tuesday released new requirements aimed at reducing the risk of earthquakes from hydraulic fracturing in shale regions in central and southern Continue Reading
Heavy snow causes UK-wide disruption
Some rural communities could become cut off, forecasters say Heavy snowfall is hitting parts of the UK, causing road and rail disruption. Police say driving conditions are "treacherous" in places Continue Reading
Oil prices give up earlier gains as rising U.S. supply outweigh…
Oil edged lower on Tuesday ahead of weekly data that is forecast to show a rise in U.S. crude inventories, although investor faith in OPEC’s ability to curtail production helped Continue Reading
Oil up on strong demand, Saudi comments
Oil rose on Monday, hitting three-week highs, supported by strong U.S. demand and comments from Saudi Arabia that it would continue to curb production in line with OPEC-led efforts. Brent Continue Reading
Oil Jumps to Three-Week High as Advancing Stocks Fan Optimism
Dow Jones Industrial Average touches highest since Feb. 1 Saudi oil chief points to 2019 demise of historic output caps Crude closed at a three-week high as booming stock markets Continue Reading