Oil and Gas
Iraq supports OPEC-led oil output reduction deal, Iraq’s Masum says
Fuad Masum, Iraqi President said at a meeting Monday with OPEC Secretary-General Mohammad Barkindo that the country supports OPEC's agreement to…
Trading giants lead way as China challenges global oil benchmark
Glencore Plc and Trafigura Group, two of the world’s biggest commodity giants are leading the way in China’s challenge of…
Italy’s ENI starts oil production offshore Angola
ENI, Italian energy major and Angolan state company Sonangol have started oil production from the Ochigufu project, in Block 15/06 of…
Oil prices rise on declined U.S. drilling
Oil prices were up slightly on Monday morning as the number of U.S. rigs drilling for more oil production declined.…
Shell’s gas production could be triple oil by 2050 – CEO
Royal Dutch Shell could boost its share of natural gas production to triple that of oil in order to meet…
Angola’s Isabel dos Santos denies allegations of graft at oil firm
Isabel dos Santos, the former head of Angola's state-owned Sonangol oil company, is denying her successor's allegations that she engaged…
