News / International
Crude Oil Price Climbs as Analysts Fear Disrupted Supply from Middle East
Brent crude oil has increased to $65.37 per barrel amid concerns over disrupted supply from Middle East and slowdown in US shale oil production
Nigeria’s NNPC Overpays state, but Still Owes
A forensic audit of Nigeria's state oil firm released on Monday said the company, accused of corruption, actually overpaid the state by almost $750 million, but should still pay it an additional $1.5 billion.
Dubal Holding-Emirates Aluminium Moving into Energy Sector
Dubal Holding, the holding company for Dubai's stake in Emirates Global Aluminium and other assets, is considering possible acquisitions in local and international energy projects, it said on Monday.
Global Demand Responsible for Saudi Over-Production, Official Says
Saudi Arabia's high crude oil production policy is based on the status of global demand and the top oil exporter is keen to maintain its market share, the kingdom's deputy oil minister said on Monday.
India Wants Less LNG from Qatar, Local Demand too Weak
India is in talks with Qatar to import at least 10% less liquefied natural gas (LNG) under a long-term deal after a slide in spot prices has cut demand by local buyers, an Indian government source with knowledge of the negotiations said.
BP Balancing Act Maintains Profits in Face of Oil Price Plunge
BP Plc, Europe’s second-biggest oil company, reported first-quarter profit that beat analysts’ estimates as earnings from refining and trading offset lower crude prices.
Iran Gas Leak Blamed on Negligent Workers, Several Injured
A gas leak at the Arak oil refinery in central Iran injured seven workers on Sunday, four of them critically, the semi-official Fars news agency reported.
Update: Japan’s Inpex Successful in Abu Dhabi, Wins 40-year Contract
Inpex Corporation has acquired a 5% participating interest in the ADCO Onshore Concession in Abu Dhabi
