Libya Halts Oil Exports from Key Port
The OPEC member is suffering a worsening political crisis. Libya’s state oil company suspended shipments from the key eastern port of Ras Lanuf, according to people familiar with the matter, Continue Reading
Libya’s NOC close to halting oil exports from Gulf of Sirte, says situation is ‘very serious’
Highlights Gulf of Sirte includes Es Sider, Brega, Ras Lanuf and Zueitina ports Force majeure could be declared in in 72 hours, says NOC chairman Production has fallen by almost Continue Reading
One of World’s Major Wheat Buyers to Trim Imports as Prices Rise
A worker arranges freshly baked bread for sale at the Al-Monira market in Cairo, Egypt. Sign up for our Middle East newsletter and follow us @middleeast for news on the Continue Reading
Nigeria ramping up output to meet August OPEC quota: Oil minister
Highlights Eyes around 500,000 b/d in increase in next two months OPEC may not raise output quotas at August meeting Nigeria is increasing crude oil production and has set a Continue Reading
Widening Protests May Worsen South Africa Power Cuts, Eskom Says
High voltage electricity transmission pylons alongside the Eskom plant in South Africa. Eskom Holdings SOC Ltd. said it may increase power cuts in South Africa as workers escalate protests over Continue Reading
Africa: Glencore Subsidiary Pleads Guilty to Bribery At African Oil Operations
Glencore Energy on Tuesday admitted to paying over $28 million (€26.5 million) in bribes across five African countries to secure preferential access to oil and generate illicit profit. The United Continue Reading
Nigeria: Commuters Stranded in Lagos, Abuja, Oyo, Others As Fuel Scarcity Bites Harder
Commuters were, yesterday, stranded in Lagos, Abuja, Oyo and some other states, as the ongoing fuel crisis bites harder in the country. The scarcity, which started in Abuja about three Continue Reading
Nigeria, Angola won’t meet OPEC output quotas for at least another year: IEA
Nigeria output at multi-decade low, Angola close to the nadir of the early 2000s: S&P Global Nigeria, Angola show biggest over compliance to quotas among OPEC producers Persistent underinvestment, low Continue Reading
Africa: Glencore Subsidiary Pleads Guilty to Bribery At African Oil Operations
Glencore Energy on Tuesday admitted to paying over $28 million (€26.5 million) in bribes across five African countries to secure preferential access to oil and generate illicit profit. The United Continue Reading
Political Turmoil Could Plague Libya’s Oil Exports All Year Long
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