News / International
South African April Thermal Coal Exports Fall 5.5% To 5.7 million mt
South Africa exported 5.7 million mt of thermal coal during April, slipping 5.5% on the month to a 10-month low, due to lower shipments to most destinations, besides India, according to customs data Wednesday.
Petrobas Finds New Oil Reservoir Off Brazilian Coast
Petrobras and a partner firm, Oil and Natural Gas Corp (ONGC), have found a new oil reservoir in deepwater offshore the Brazilian state of Sergipe on the country’s northeastern Atlantic coast.
No US-Style Shale Gas Revolution in Europe: IGU President
There will be no US-style shale gas revolution in Europe, the president of the International Gas Union (IGU) has told the BBC.
Oil Prices to Remain Low Until 2016: BP Chief
The chief executive of BP expects oil prices to remain low until at least 2016 as production grows faster than demand.
OPEC Accepts US Shale Oil in Strategy Shift
The OPEC cartel, which meets on output this week, appears to have changed its approach to US shale oil -- which it now welcomes as part of the global energy landscape.
South Africa’s Stocks Fall and Petrochemicals Follow
South African stocks edged lower on Wednesday, led by petrochemicals firm Sasol as brent crude for July slipped when investors adjusted their positions ahead of a key meeting of OPEC oil producers.
India to Beef Up Strategic Reserves with Iraq Crude
State refiners Indian Oil Corp and Hindustan Petroleum Corp are holding talks with Iraq's national oil company to buy 4 million barrels of Basra light crude oil for India's strategic petroleum reserves (SPRs),
