News / International

Singapore Lodges Protest Against Iran Over Tanker Incident

Singapore has called on Iran to investigate the warning shots fired by Iranian vessels at a commercial ship in Persian Gulf.

Financial Growth Unaffected by Oil Prices, says First Gulf Bank

Bank sees no slowdown in lending

Abu Dhabi Conference to Spur Energy Innovation, Move into Offshore

Energy Sector Needs to Invest in Sustainability and Innovation to Meet 37 Percent Higher Global Demand Anticipated by 2040

Fright Rates Increase for East of Suez Dirty Tankers

Freight rates for dirty tankers in the East of Suez market have gone up sharply to hit their highest level so far in 2015 last week, amid strong demand to move crude and fuel oil and spike in interest for floating storage, said sources Monday.

World Bank Financial Group Targets Chinese Gas Companies for Investment

The World Bank’s private lending arm is targeting investments in natural gas companies in China, the largest growing market for the fuel.

As OPEC Meeting Draws Near, Oil Prices Rangebound

Crude-oil futures moved in a narrow price range in early Asian trade Monday, with gains capped by worries about a recovery in U.S. shale-oil production and as OPEC's meeting draws closer.

EU Hopes to Reduce Energy Dependence on Russia with US Help

The European Union is increasing pressure on Washington to include an energy chapter in a planned trans-Atlantic trade deal that would allow U.S. exports of natural gas and oil and reduce the bloc’s dependency on Russia.

Russia Seeks EU Support for Gas Pipeline Crossing Turkey

Russian Foreign Minister Sergei Lavrov has urged the European Union to support the idea of a Moscow-backed pipeline that would bring natural gas across the Black Sea to Turkey and the rest of Europe.

Eastern Libyan AGOCO Produces 270,000 b/d

Libyan state oil company AGOCO, which is active in the east of the OPEC member country, is producing about 270,000 barrels a day of crude, unchanged from a week ago, a company spokesman said on Sunday.

Oil Rally Loses Steam as OPEC Set to Increase Supply

Speculators are losing faith in the oil rally, judging that OPEC will keep increasing supply from the highest level since 2012.

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