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Iraq aims to boost oil output to 8-10 million bpd in six years
Iraq has sent a delegation to Saudi Arabia seeking a higher output quota from OPEC as the country plans to raise its oil production to between 8 million and 10 million barrels per...
Energy
Tankers stack up as Venezuela sells oil faster than its ports can handle
Venezuela's dilapidated oil port terminals are imposing a de facto export cap on the country's resurgent crude production, with tankers having to wait up to 30 days to load because...
Energy
Saudi Arabia top buyer of Russian seaborne fuel oil in July, data shows
Saudi Arabia remained the top destination for seaborne fuel oil and vacuum gasoil (VGO) cargoes from Russian ports in July amid strong summer demand for air-conditioning, though s...
Energy
Amazon oil find gives Brazil's Lula reelection campaign a boost, but returns are far from certain
Brazil's oil discovery in an exploratory well in a controversial offshore frontier off the Amazon coast last week has handed President Luiz Inacio Lula da Silva a fresh boost for ...
Energy
Iranian oil offers to Chinese buyers fall as US blockade bites, sources say
Offers of Iranian crude to Chinese buyers have declined and prices have jumped this week as the U.S. blockade has cut Tehran's shipments, according to trade sources, with the thre...
Energy
First gas from Australia's Beetaloo puts shale ambition to the test
Deep in Australia's Red Centre, gas is set to start flowing next month from the sprawling Beetaloo basin to Darwin 500 km (310 miles) north, in what developers hope kicks off the ...
Energy
Oil set for second weekly rise as unsettled US-Iran war crimps supply
Oil prices fell slightly on Friday, but were on track for a second weekly rise as the stalemated U.S.-Iran war continues to disrupt supply from the key Middle East producing regio...
Energy
US firm Powerus wins $22.3 million contract to protect Middle East energy infrastructure from drones
U.S. drone and radar maker Powerus said on Thursday it had signed a commercial contract worth approximately $22.3 million to supply counter-drone technology aimed at protecting o...
Energy
US to end summer blend gasoline requirement early in attempt to lower prices
President Donald Trump's administration will end summer-blend gasoline requirements about two weeks early this year in an effort to boost the U.S. fuel supply and lower gas prices...
Energy