LONDON The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the International Energy Agency said on Wednesday.
LONDON Oil prices rose on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.
LONDON, May 13 Crude oil markets in Europe and
West Africa are gaining support from unplanned Russian, Iranian
and North Sea supply losses, and analysts say Brent futures have
yet to fully reflect this.
LONDON From algorithms to track "dark" ships smuggling stolen crude oil to an online licensing system to undercut corruption, one Nigerian government agency hopes it can use new technology to tackle theft which has cost the country billions.
* Tech transparency initiatives aim to boost investor
LONDON Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing global supply of heavy-medium crude, driving up prices for scarcer barrels and setting up a stand-off between buyers and sellers.
LONDON Global oil supply dropped in March as U.S. sanctions and power outages pushed Venezuela's crude output to a long-term low of 870,000 barrels per day (bpd), the International Energy Agency said on Thursday, even lower than OPEC reported the day before.
* U.S. crude stocks rise by 4.1 million barrels -API
LONDON The rising tide of light U.S. shale oil has largely swept away comparable grades of Nigerian oil from American shores and is putting them under pressure in Europe.
LONDON UK chemicals companies face being shut out of a common EU products registry after Brexit and would need to pay around half a billion pounds ($664 million) to set up a British counterpart, the head of the Chemicals Industry Association told Reuters.