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03:02, 22 January 2018 Monday
11:38, 15 January 2018 Monday

Oil tanker's sinking off China raises environmental fears

The Sanchi, carrying 136,000 tonnes of light crude oil from Iran, went under on Sunday after a new and massive fire erupted, sending a cloud of black smoke as high as one kilometre above the East China Sea.

12:14, 11 January 2018 Thursday

US crude oil prices hit more than 3-year high

Gas prices also rising in US, forecast to hit highest levels since 2014

12:37, 10 January 2018 Wednesday

US says oil output to beat Saudi Arabia Russia in

Department of Energy says US to produce more than 11 million barrels per day by end of next year

13:39, 02 January 2018 Tuesday

Gunmen kill 21 people in Nigeria's oil-rich state

Incident takes place in Rivers state when people were returning from night church program, according to pastor from area

12:21, 30 December 2017 Saturday

Transparency call over 16 8B in Nigerian oil revenues

Group says state-owned corporation has not accounted for dividends collected from 2000-2015

17:52, 26 December 2017 Tuesday

UNSC reviews claims of illegal China-N Korea oil trade

Seoul responds to reports of Beijing and Pyongyang flouting United Nations Security Council sanctions

17:47, 15 December 2017 Friday

Oil rebound pushes US factory output higher in Nov

But the pace of gains slowed sharply from October, when petrochemical plants and oil refineries roared to life after being idled by the late summer's back-to-back hurricanes.

19:07, 30 November 2017 Thursday

Congo Uganda sign cross-border oil deal

6.5 billion barrels of oil thought to lie between counties

11:40, 28 November 2017 Tuesday

Keystone pipeline oil to flow to US again Tuesday

Cleanup of 210,000-gallon spill, repairs completed to regulatory satisfaction

13:41, 13 November 2017 Monday

Oil producers to extend cuts to rebalance market

He said 158 million barrels of surplus crude oil remain on the market and "we need to reduce that -- which means there is a potential for extension".

17:29, 06 November 2017 Monday

Nigerian oil rebels told to give peace talks a chance

The Niger Delta Avengers group last week threatened to resume its targeting of oil and gas infrastructure that in 2016 led to a slump in output that helped tip Nigeria into recession.

02:24, 03 November 2017 Friday

Turkey Iraq discuss Kirkuk oil exports via Ceyhan port

Baghdad is negotiating with Ankara on exports of oil from Kirkuk area via Ceyhan, says Iraq's oil minister

16:44, 28 October 2017 Saturday

Iraqi forces secure 40 oil wells in Nineveh province

Government forces have taken 40 oil wells from Kurdish Peshmerga in recent military operations, army source says

13:31, 28 October 2017 Saturday

Brent oil climbs above 60

International benchmark reaches highest level since July 2015

12:24, 22 October 2017 Sunday

Iraqi central govt controls all oil wells

Oil Minister Jabbar Al-Luiebi also says oil production of Basra and southern fields have increased

16:47, 19 October 2017 Thursday

Rosneft KRG to cooperate on 5 oil blocks in N

Total recoverable oil reserves at 5 blocks could be about 670 million barrels

14:46, 08 October 2017 Sunday

Libya fires on oil tanker suspected of smuggling

Abu Kamash is the site of one of the oil-rich North African country's largest petrochemical complexes, near the Tunisian border some 170 kilometres (100 miles) west of Tripoli.

14:49, 05 October 2017 Thursday

Russia satisfied with current oil prices Novak

Reduction in price volatility is key, says Russian minister Novak  

16:37, 04 October 2017 Wednesday

Oil cut extension should be at least to end '18

Energy demand will shift to Asia-Pacific region amid development of new markets over next decade

15:57, 04 October 2017 Wednesday

Oil cut participants in line with deal OPEC's Barkindo

Russia is implementing oil production cuts beyond what was agreed, Barkindo says  

10:20, 04 October 2017 Wednesday

Nigerian minister petitions president over oil deals

Memo leaked on social media deepens public suspicion about government's fight against corruption 

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