Trump calls on China, and the world, to protect their own ships from Iran

2019-06-24 16:46

While the US has become the world's top energy exporter thanks to a boom in fracking, it still imports more than 30,000 barrels of oil a month from countries in the Middle East.

Owner of tanker attacked in Gulf of Oman blames 'flying objects,' seeming to contradict US suggestion that it was a mine

2019-06-14 14:45

The US military said it saw what it suspects is a mine on the side of the ship, and US Secretary of State Mike Pompeo blamed Iran for the attacks.

Oil is surging after a suspected torpedo attack on 2 tankers in the Gulf of Oman

2019-06-13 13:35

Oil prices jumped at least 3% as traders feared Middle-Eastern tensions could reduce crude supplies.

Stocks extend gains as dollar steadies, oil falls

2019-06-05 12:24

A global stock rally sparked by Federal Reserve Chairman Jerome Powell’s dovish comments continued into Wednesday, though the pace of gains slowed amid lingering trade-war concerns.

Oil holds gain as US rigs data gives respite from trade gloom

2019-05-27 08:06

Oil held gains above $58 a barrel after American explorers reduced drilling activity to the least in more than a year, providing some respite from a demand outlook thrown into doubt by the US-China trade war.

PIC was advised against investing in insolvent oil company

2019-05-20 21:21

The PIC was advised against entering an oil deal with Erin Energy as the company was insolvent, according to evidence delivered by an executive involved in the transaction.

Angola is back – African Energy Chamber official

2019-05-18 14:50

Reforms Angola has done since 2017 will have implications for decades to come, says the new country head for Angola of the African Energy Chamber.

Stocks slide as Trump's trade threat reverberates

2019-05-06 16:21

Equities slumped globally and Treasuries rallied after President Donald Trump’s threat to increase tariffs on Chinese imports called into question the chances of a resolution to the trade war.

South Africa signs for South Sudan oil block after $1 billion plan

2019-05-06 13:52

The countries signed an exploration and production sharing agreement for block B2, the second such contract since South Sudan’s independence seven years ago.

Glencore lowers 2019 production forecasts for copper to oil

2019-04-30 10:40

Glencore cut its full-year copper-output goal by about 3% and lowered production targets for other commodities from nickel to oil, as the world’s biggest metal trader deals with multiple problems across its operations.


Oil rises again on tension fuelled by tanker attacks

2019-06-16 17:26

Oil prices rose again in reaction to geopolitical tension, building on a surge sparked by suspected attacks on two tankers in the Gulf of Oman.

Stocks drop across the Gulf as oil tankers incident fuels risk

2019-06-13 13:38

Every major stock index in the Gulf retreated after an incident in the Sea of Oman threatened to inflame the already tense relationship Iran has with its neighbors.

Oil giants are pivoting to plastic, which could backfire amid a growing crackdown

2019-06-06 16:17

Oil producers such as Saudi Aramco are betting on plastics and chemicals during a backlash against plastic waste.

Shell plans SA oil expansion with second deal

2019-05-29 19:01

Shell is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total SA boosted the country’s hydrocarbon prospects.

SA may find partners for $1 billion South Sudan oil block

2019-05-21 10:22

South Africa’s Strategic Fuel Fund is welcome to bring in partners to help it execute a $1bn agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister said.

Oil jumps as OPEC signals continued cuts and US threatens Iran

2019-05-20 07:40

Oil started the week strongly after Saudi Arabia and other OPEC+ members signaled intentions to keep supplies constrained for the rest of the year, while US tensions with Iran ratcheted up.

WATCH: Russia has 19 million barrels of oil that no one wants

2019-05-17 12:29

Russia is stuck with 19 million barrels of oil, worth about $1.2bn, that no one wants after it was found to be contaminated. Now it's unclear who will pay for the cleanup.

Oil rebounds from five-week low as US issues warning to Iran

2019-05-06 15:35

US crude pared losses from tumbling to almost $60 a barrel after President Donald Trump threw trade talks between the world’s two largest economies into disarray with a threat to raise tariffs on Chinese imports.

Saudi Arabia may build new oil refinery in SA - Radebe

2019-05-02 13:45

South Africa is in discussions with Saudi Arabia about building a new oil refinery in the country, Energy Minister Jeff Radebe said on Thursday.

As bad as war? Trump steps seen deepening Iran's economic pain

2019-04-30 07:34

In the 40 years of Iran’s Islamic Republic, 2019 is shaping up to be among the worst for an economy that’s weathered wars, sanctions and oil slumps.

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