News / International
Crude Oil Falls From Near Eight-Month High on European Economic Concerns
Oil fell from its highest settlement in almost eight months on signs that Europe's debt crisis may drag the region into a recession, curbing fuel consumption. Nigeria: No More Petrol Subsidy From Today – PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) announced the full withdrawal of subsidies from Petrol (Premium Motor Spirit). South Sudan: Unity State Oil Field Catches Fire
Bentiu- Part of an oil field in South Sudan's oil-rich Unity State caught fire on Wednesday causing a decline in production, according to local officials. Saudi Aramco drilling-rigs count to jump 12% in 2012
Saudi Arabian Oil Co plans to increase its drilling-rig count by 12 percent next year to 145 to boost natural-gas and oil output from its Manifa field, a former executive of state-run company said. Iran ratchets up pressure on Kuwait over gas field
Iran said on Sunday that it would launch full-scale unilateral development of the disputed offshore Arash gas field in the Gulf if Kuwait does not respond to its offer of joint development, according to the official IRNA news agency. Qatar says Q3 nominal GDP rose by 40% on gas output
Qatar, the world's biggest exporter of liquefied natural gas, said its nominal gross domestic product increased an annual 40 percent on expanding gas output. China begins scramble for Afghanistan’s oil reserves
State-owned China National Petroleum Corp (CNPC) was given approval by the Afghan government to sign the joint-venture deal with diversifiedAfghan company, the Watan Group. Frontline completes restructuring
Frontline, the largest independent global oil tanker operator, completed its restructuring with the help of Norwegian tycoon John Fredriksen, a key step in its revival as the industry struggles with weak demand and overcapacity. 
