Latest news
Iraq raises its oil output to a record level ahead of Doha meeting
Iraq increased its crude output to a record level in March, ahead of the long-awaited April 17 meeting in Qatar where OPEC members and other producers may agree to cap production to curb a global glut, according to the state-run Oil Marketing Co.
read more... 11/04/2016
Saudi Arabia to conclude a $20 billion energy deal with Egypt
Saudi Arabia is expected to ink a $20 billion five-year deal to finance Egypt's needs for oil and petroleum products, during King Salman bin Abdulaziz al-Saud’s visit to Cairo this week.
read more... 07/04/2016
UK to become leader in North Sea crude and gas projects by 2025
UK is likely to lead the new crude and natural gas projects in the North Sea region by 2025, as unveiled a report from Globaldata.
read more... 01/04/2016
OPEC and non-OPEC members to meet on April 17 in Doha despite divergent views
Saudi Arabia has said it will freeze oil output in April regardless of whether or not it can come to an agreement with Iran.
read more... 28/03/2016
ExxonMobil to buy a 15% stake in Eni’s Mozambique field
U.S. energy giant ExxonMobil is envisaging buying a stake of around 15% in Italian oil major Eni’s giant Area 4 gas field in Mozambique.
read more... 28/03/2016