News / International
Saudis Stalling Chinese Requests for More Oil
Saudi Arabia and its main Middle East OPEC partners are turning down Chinese requests for extra oil as they hold back fuel for their own refineries just as demand from the world's biggest crude importer hits new records.
Conflict in South Sudan’s Oil-Producing Fields
South Sudanese rebels said they have taken control of the country’s main oil fields that are still producing crude, after defeating government forces in Upper Nile state on Tuesday.
South Africa’s SacOil Ends Nigeria JV Due To Weak Oil Prices
South Africa's SacOil Holdings has ended its joint venture with Nigeria's Nigdel United Oil Company and abandoned its oil licence in that country as softer oil prices forced the firm to cut costs.
Ruptured Pipeline Near Santa Barbara Leaks 21,000 Gallons of Crude Oil
A ruptured pipeline near Santa Barbara leaked an estimated 21,000 gallons of crude oil Tuesday, some of which flowed into the ocean and left a thick coat of black tar along the county’s pristine shores, authorities said.
British Oil Production Threatened by First Strike in Decades
North Sea oil production could face severe disruption from a threatened strike by unions that would add to the strain already placed on drillers by falling oil prices.
Oil Prices Fall 3 Percent on Dollar Rally, Over Abundance Fears
Oil prices fell more than 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day as the dollar rallied and on evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.
Ukraine’s Naftogaz Pre-Pays Russia’s Gazprom with $32m for Gas
Ukraine's state-run gas company Naftogaz has transferred $32 million (20 million pounds) to Russia's gas monopoly Gazprom as a further pre-payment for gas deliveries, a spokeswoman for the company said on Monday.
