News / International
North confiscates South Sudan oil
Sudan said it has started confiscating some oil exports from South Sudan it believes it is owed to meet unpaid transit fees but will not shut down a pipeline carrying the southern state's oil. Oil explorer Soco eyes bid targets over $100 mln
Soco International has told investors it is examining acquisition opportunities in south east Asia, West Africa and Egypt worth in excess of $100 million, suggesting it is targeting more ambitious projects than in the past. Brent rises above $111 as Iran warns Gulf exporters
Brent crude rose above $111 on Monday on worries over supply disruptions after Iran warned Gulf Arab neighbours of consequences if they raised oil output to replace Iranian barrels facing international sanctions. China’s Wen presses Saudi Arabia for oil access
Chinese Premier Wen Jiabao pressed Saudi Arabia to open its huge oil and gas resources to expanded Chinese investment, media reports said on Sunday against a backdrop of growing tension over Iran and worries over its crude exports to the Asian power. Iran warns Gulf countries not to replace its oil
Iran warned its Arab neighbors on Sunday not to raise crude output to replace Iranian oil in the event of an embargo by the European Union, Tehran's OPEC Governor Mohammad Ali Khatibi was quoted as saying. Nigerian strike talks fail to reach fuel price deal
Nigerian President Goodluck Jonathan and labor unions failed to reach a compromise over government-subsidized fuel prices, but the unions said oil workers would not shut down crude output while the two sides kept talking. South Korean PM in Oman to discuss oil
South Korean Prime Minister Kim Hwang-sik has arrived in Oman to 'discuss energy issues,' as the country seeks to lower its dependence on Iranian oil in the face of tightening US sanctions. China’s Wen to Juggle Iran Oil Need With Saudi Ties on Persian Gulf Trip
China's Wen Jiabao must balance his country's need for Iranian crude with its budding energy partnership with Saudi Arabia on his first visit to the Gulf kingdom, a U.S.-based specialist in Middle East security said. 
