- Oil gets caught up in broad-based sell-off
August 18, 2017
Oil prices dipped on Friday as part of a broad-based sell-off across markets, and despite signs that crude markets are gradually tightening.
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- Further oil output rise in Nigeria, Libya unlikely, analysts say
August 18, 2017
Libya and Nigeria, which are exempt from Opec production cut agreement, will struggle to increase their production in the coming months due to technical difficulties as well as due to security situation prevailing in both the countries, analysts s...
- Traders nervously eye China’s strategic oil imports
August 18, 2017
Ten days ago the world’s largest active oil tanker, the TI Europe, pulled into the Chinese port of Ningbo to deliver its cargo of more than 3m barrels of Middle Eastern crude.
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- OPEC's Oil-Glut Fight Could Last Years
August 15, 2017
When OPEC and Russia first embarked on their strategy to clear a global oil glut, it was expected to succeed within six months. It now looks like the battle could last for years.
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- Shell to reopen Pernis distillation unit
August 09, 2017
Shell is attempting to revive one of the distillation units at its Rotterdam Pernis refinery after a fire shut it down last month.
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