The International Monetary Fund (IMF) said it stands ready to help sub-Saharan Africa’s oil exporters cope with plunging crude...

Nigeria will replace crude oil swap agreements beginning of March 2016 with a system under which it will directly...

The third-largest US natural gas producer, Anadarko Petroleum Corporation, cut its spending plans by almost 50% to $2.8b in...

Norway, Europe’s second biggest gas supplier after Russia, is planning to develop its northernmost reserves in the Arctic, but...

South Sudanese government announced that it has reached an understanding with the government of neighbouring Sudan from which it...

Saudi Arabia’s recent pledge of $20b worth of petroleum products to Egypt over the coming five years, in addition to...

Saudi Aramco has held talks with banks about creating a program that would include selling Islamic bonds (sukuk) over...

The Central Bank of Egypt (CBE) opened a commercial letter of credit of $400m for the Egyptian General Petroleum...

The Omani Oil Ministry announced that the country’s oil production in 2016 will target the level of 990,000b/d, Times of...

Iran’s Oil Ministry has recently witnessed demonstrations criticizing the terms of the new Iranian Petroleum Contracts (IPCs) organized by...