Iran is seeking to enter an oil price war with its rivals. Tehran ratcheted up its offense in the oil market by breaking a pricing tradition, signaling it is determined to win its market share at a time when rival pr ...
General Electric has signed a $600m investment agreement in Italy for research and development projects in the oil and gas sector for the next five years.
Nigeria is to see an increase in its crude oil exports in March, as Eni has lifted its force majeure on Brass River crude and Shell has reopened the Trans Niger pipeline.
Oman’s production of crude oil and condensates in December 2015 rose in total by 1.12%, compared to November 2015, based on figures released in the Ministry of Oil and Gas’s monthly report.
Iraq, OPEC’s second-biggest oil producer, is set to increase exports after starting a new grade of crude to quell customer complaints about the quality of its oil.
Saudi Arabia and its main Middle East OPEC partners are turning down Chinese requests for extra oil as they hold back fuel for their own refineries just as demand from the world's biggest crude importer hits new records.
Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in OPEC's second-largest producer.