VIENNA – Bijan Zanganeh returns this week to the same Vienna hotel suite he last occupied eight years ago as Iranian oil minister, ready to prepare...
…Both sides say Baghdad’s consent needed for oil exports …Turkey seeks oil from Iraq’s Kurdish northern region …Baghdad says deals between Turkey and Iraqi Kurds illegal...
CARACAS — The late President Hugo Chavez’s dream of leveraging Venezuela’s oil wealth to spread revolution across Latin America is crumbling under the weight of an...
ABUJA – An oil spill from the Brass Oil Export Terminal, operated by the Agip off Bayelsa Coastline, has discharged a yet to be ascertained volume...
ABUJA – Nigerian oil workers have announced their resolve to frustrate President Jonathan’s plan to sell off the refineries to his ‘fronts’ and ‘cronies’. Under the...
LONDON – OPEC member states produced 29.64 million barrels of oil per day in November. This is the lowest indicator since May, 2011. APA-Economics reports that...
LAGOS – The company’s management also declared a profit of N1.7 billion for the year ended March 31st 2013 which represents an increase of over 100%,...
WASHINGTON – The U.S. State Department extended six-month Iran sanctions waivers on Friday to China, India, South Korea and other countries in exchange for their reducing...
NEW YORK – Brent crude oil firmed slightly on Friday and looked set to post the biggest monthly gain since August as prolonged unrest in Libya...
ABUJA – Minister of Petroleum Resources, Diezani Alison-Madueke, has broken her silence on the reported privatization of the nation’s comatose refineries, explaining that government plans to...
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