LONDON The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency (IEA) said on Friday, although stimulus packages and developing countries should boost growth going into 2020.
SINGAPORE/LONDON African crude oil sales into China, the world's biggest importer, have stalled as buyers wait for spot sale offers from top supplier Angola to fall in line with slumping benchmark prices, refining and trading sources said on Monday.
LONDON The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the International Energy Agency said on Wednesday.
LONDON Oil prices rose on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.
LONDON, May 13 Crude oil markets in Europe and
West Africa are gaining support from unplanned Russian, Iranian
and North Sea supply losses, and analysts say Brent futures have
yet to fully reflect this.
LONDON From algorithms to track "dark" ships smuggling stolen crude oil to an online licensing system to undercut corruption, one Nigerian government agency hopes it can use new technology to tackle theft which has cost the country billions.
LONDON Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing global supply of heavy-medium crude, driving up prices for scarcer barrels and setting up a stand-off between buyers and sellers.
LONDON Global oil supply dropped in March as U.S. sanctions and power outages pushed Venezuela's crude output to a long-term low of 870,000 barrels per day (bpd), the International Energy Agency said on Thursday, even lower than OPEC reported the day before.
* U.S. crude stocks rise by 4.1 million barrels -API
LONDON The rising tide of light U.S. shale oil has largely swept away comparable grades of Nigerian oil from American shores and is putting them under pressure in Europe.