News / International
Iran Hopes to Exchange Equipment, Services for Turkmenistan Gas
Iran said on Sunday that it plans to offer a barter scheme to Turkmenistan through which it would pay for natural gas imports by gas industry equipment as well as technical services.
Saudi Equity Market to Pull Away Investments from Oil Nations
Global equity markets are waking up to a new $558 billion magnet pulling cash out of developing nations from Russia to Malaysia.
Asian Oil Refiners Look to Adapt to Market Changes Amid Crude Glut
The surge in oil supplies that has crushed prices is prompting some refiners in Asia to buy more crude that can be delivered immediately rather than at some future date, adding to pressure on sellers.
Low Oil Prices Having Negative Impact on Canada
Canada’s oil industry has had a rough couple of months, with production and exports taking a hit.
Libya’s Official Government Can’t Sell Oil Directly
Libya's official government, based in the east since fleeing the capital, has so far failed to sell oil by itself, despite setting up a Dubai bank account and new central bank unit, industry and banking sources say.
Ukraine Seeks Deal on Gas Price with Russia in Next 2 Weeks
Ukraine hopes that the price for the third quarter will be lower, Demchishin said in an interview to Ukraine’s Channel 5.
New ‘Megareserve’ Off Brazilian Coast All Gov’t Owned
The National Petroluem Agency (ANP) of Brazil found another “megareserve” in the Atlantic, this one off the coast of Sao Paulo. It is believed to big as large as the so-called Lula oil field, which holds between five and 8 billion barrels of oil. Although the discovery is made in the pre-salt fields that stretch from as far north as Espirito Santo, down to Rio, Sao Paulo, Parana and, finally, Santa Catarina states, it is in an area that is not regulated by the current pre-salt partnership model. That means this oil is 100% government owned.
Shell Looks to Leave Ukraine Amid Continued Violence
Royal Dutch Shell has been considering ending its partnership with a Ukrainian energy company in a shale gas exploration venture in eastern Ukraine because of the fighting in the region and prospect of little profit from the project.
