Oil and Gas

Vitol signs first deal with Algeria to refine oil abroad

Algeria’s state-run energy producer Sonatrach signed an agreement with oil-trading Vitol Group to ship crude to Italy to be processed…

Oil militants threaten to attack Nigeria’s oil sector within days

Nigerian militant group Niger Delta Avengers said on Wednesday it will launch attacks on the country’s oil sector in the…

Brent crude at $70 as OPEC members reassure on cuts

Oil traded near the highest close in more than three years as Iraq echoed a call by the United Arab…

Iraq nears oil output capacity of 5 mln bpd, committed to OPEC cuts

Jabar al-Luaibi, Iraqi's oil minister said Saturday that oil output capacity in the OPEC member country is nearing 5 million barrels…

OPEC will try to talk prices down if oil tops $70, Goldman says

OPEC would try to talk down an oil rally above $70 a barrel to cushion the impact on the global…

OPEC’s cheer over 2018 oil rally tinged by shale worries

Oil’s price rally this year to its highest since May 2015 may seem a source of glee for OPEC, but…