News / International
China urges “restraint” in Sudan oil transit dispute
China, the biggest investor in oilfields in the new nation of South Sudan, called for "calm and restraint" as a transit fee dispute threatened to cut off crude exports from the African producer. KNOC’s Dana Petroleum Looks to Expand in West Africa to Double Oil Output
Dana Petroleum Plc, the U.K. explorer acquired by Korea National Oil Corp (KNOCP). in 2010, plans to expand in west Africa as it seeks to double production over the next five years. Obama administration rejects Keystone oil pipeline
The Obama administration on Wednesday rejected the Keystone crude oil pipeline project, a decision welcomed by environmental groups but blasted by the domestic energy industry. Adnoc signs CNPC deal
United Arab Emirates-owned Abu Dhabi National Oil Company has signed a deal with China National Petroleum Corporation to collaborate in upstream projects in undeveloped areas. OPEC Keeps Oil Demand Forecast Steady, Warns on European Economic Crisis
The Organization of Petroleum Exporting Countries kept its forecast for 2012 oil demand unchanged, while warning that Europe's debt crisis could harm global consumption. Dana Gas Promises to Honor Debt Payments Amid Concern on $1 Billion Sukuk
Dana Gas (DANA) PJSC said it will honor debt obligations as the United Arab Emirates-based energy company faces a $1 billion Islamic bond maturing in October. South Korea frets as U.S. ups oil pressure on Iran
South Korea, a key U.S. ally, warned the United States on Tuesday it would be difficult to replace Iranian crude supplies and expressed concern that sanctions pressure could lead to higher oil prices. Saudi says can pump more fast, favors $100 oil
Saudi Arabia, the world's top oil exporter, said on Monday it can pump more oil at a moment's notice, the day after Iran warned Gulf oil producers not to compensate for any disruption to Iranian output. 
