News / International
Russia May Begin Importing Crude from Iran in New Oil-for-Goods Deal
Russia may start importing crude from Iran next week as part of an oil-for-goods agreement, Iranian Energy Minister Bijan Namdar Zanganeh said.
OPEC Puts Oil Output Target On Hold
OPEC decided to keep its oil output target on hold Friday and predicted that prices would remain low for the foreseeable future — good news for oil-hungry international industries and consumers at the gas pump.
OPEC Still Dominant Player Despite Booming US Shale
OPEC's announcement that it is keeping crude output levels unchanged again, despite a collapse in oil prices, reflects the growing influence of booming US shale but analysts say the cartel is still the dominant player.
Libyan State Oil Company to Send fuel to Opposing Region
Libyan state oil company NOC is delivering petrol to a western region opposing a self-declared government in charge of the Tripoli capital, it said in a bid to showcase its impartiality in a power struggle dividing the country.
Nigeria Fuel Marketers To Ease Shortages
Nigeria's fuel marketers, who are still not importing due to money owed them, have agreed to distribute fuel brought in by the state oil company, the main trade body said on Saturday, after talking with the new administration on Friday.
Irena Finds New Sustainable Home in Masdar City
International Renewable Energy Agency (Irena) has opened new headquarters yesterday (June 3) in Abu Dhabi’s Masdar City.
UAE Facing Fiscal Deficit, Mulling IMF Tax Options
The UAE is set to post its first fiscal deficit since 2009 because of lower oil revenues, but it can avoid any serious economic slowdown, the International Monetary Fund said after annual consultations with UAE authorities.
New Bahrain Pipelines to Deliver 400,000 b/d from Aramco
The new crude oil pipelines between Bahrain and Saudi Arabia will be ready by the end of 2017 with up to 400,000 b/d delivered to Bapco, said a report.
