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Nigeria remained the largest investment destination for CNOOC.
Read More »CNOOC to Invest $3bn in Nigeria
Oil Prices Fall as Supply Disruption Concerns Ease
The United States holds a reserve of about 660 million barrels.
Read More »China`s Shanghai Exchange Launches New Fuel Oil Contract
Sinopec and China National Petroleum Corp (CNPC) among other oil and chemical majors have participated in the trading.
Read More »Mnuchin: U.S. will Consider some Waivers on Iran Sanctions
The Trump administration has said there are more than 50 foreign companies that have withdrawn their business from Iran.
Read More »Chinese Refiner Halts US Crude. Turn to Iranian Oil
US tariffs of 25 percent on $34 billion of Chinese imports took effect on July 6.
Read More »Lavrov Criticizes US Claims about Nord Stream 2
The US has repeatedly urged European countries to not participate in Nord Stream 2.
Read More »Trump Accused of Trying to Urge Europe to buy US LNG
Russia is keen to press ahead with the Nord Stream 2 pipeline since it has the potential to double its gas exports under the Baltic Sea to Germany.
Read More »Next OPEC Meeting Set for Late Sept in Algiers
The meeting will allow OPEC members to discuss ways to maintain oil market stability.
Read More »Mogherini: EU in Full Support of Libya
The EU fully supports the Presidential Council and its efforts to stabilize Libya.
Read More »S.Korea`s June Crude Oil Imports Drop Lowest since Jan 2015
South Korea’s crude imports in the first six months of this year were 74.11 million tonnes.
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