Diversified miner Glencore announced on Friday that it has completed the sale of a 51% interest in HG Storage International (HGSI) to HNA Innovation Finance Group, subject to certa
Category: OIL
The Organisation of the Petroleum Exporting Countries (Opec) and Russia’s efforts to curb oil output, combined with forecasts for strong global demand growth, are expected to
Angola’s new president has ordered a 30-day review of the nation’s oil industry to address the “significant” challenges it faces, his first foray into the k
Uganda and Tanzania signed a framework agreement on their proposed $3.
Fast-rising US shale output continues to hamper efforts by the Organisation of the Petroleum Exporting Countries (Opec) to cut oil supply to boost prices.
Global oil output plunged in January as Opec and non-Opec producers curbed supply to accelerate a market rebalancing following one of the largest oil gluts in a generation, the Int
Tullow Oil missed forecasts to fall to a third consecutive annual loss on Wednesday as it wrote off more of its Africa-focused exploration business, sending its shares lower.
Nigeria’s State oil company has proposed legal amendments aimed at enabling the government to increase royalties and other revenues from deepwater oil production.
Nigeria’s oil production has risen to close to 1.
The government of South Sudan has initiated talks with India to revive oil blocks closed in the wake of a civil war in 2013.