Saturday 2 August 2014
 
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Oil

Oil prices tumble on oversupply, weak demand

Brent and US crude futures tumbled on Friday to the lowest settlement prices in months, as oversupply in the Atlantic basin and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine. Oi

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Brent slips toward $106 over poor US demand

Brent crude slipped towards $106 a barrel on Thursday and was set to post its biggest monthly loss in more than a year as higher Opec output and disappointing demand in the United States outweighed tensions in the Middle East and Africa.

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Brent dips toward $107 as supplies weigh

Oil prices slipped for a second session on Tuesday, with Brent edging down toward $107 a barrel, as ample supply offset geopolitical tensions in the Middle East, Africa and Europe. Despite conflicts in Ukraine, Iraq and Libya, glo

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Iraqi Kurdish crude tanker cleared to unload off Texas

A tanker carrying crude oil from Iraqi Kurdistan was cleared by the US Coast Guard to unload its cargo at sea off Texas on Sunday as a State Department official signaled Washington would not intervene to block de

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Iraqi Kurdish oil nears Texas port for likely offloading

A tanker carrying crude oil from Iraqi Kurdistan has neared the Port of Galveston in Texas, according to Reuters ship tracking data and the US Coast Guard, despite Washington's concerns about independent oil sales from the autonomous region.

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Algeria's Sonatrach replaces CEO

Algeria's state energy company Sonatrach has replaced its chief Abdelhamid Zerguine with vice president for production Said Sahnoun, a senior Sonatrach source told Reuters on Saturday. The source, who asked not to be identifie

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Iraqi Kurdish oil nears US port despite concerns

A tanker carrying crude oil from Iraqi Kurdistan is just two days away from arriving at a US port, according to ship tracking satellites, despite Washington's long-standing concern over independent oil sales

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India pays final tranche of oil dues to Iran

India paid a third and final instalment of $550 million to Iran on Thursday, three industry sources said, part of the frozen funds released to Tehran in the interim deal with world powers. &nb

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Egypt to pay-off all foreign oil firm arrears by 2017

The Egyptian government has planned to pay-off all of its arrears to foreign oil firms by 2017, said a report.   Its previous plan was to pay EGP21 billion ($3 billion) out o

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Egypt to pay-off all foreign oil firm arrears by 2017

The Egyptian government has planned to pay-off all of its arrears to foreign oil firms by 2017, said a report.   Its previous plan was to pay EGP21 billion ($3 billion) out o

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