APRNEWS - Trading companies Vitol and Unipec are sending around 700,000 tonnes of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Europe, according to trading sources and ship tracking data.
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APRNEWS - Oil futures were little changed on Wednesday, with prices pressured by a surprising increase in U.S. crude inventories and weak Chinese economic figures but supported by worries that rising tensions in the Middle East could hit global supplies.
APRNEWS - French energy major Total said on Sunday it had reached a binding agreement with Occidental to acquire Anadarko assets in Algeria, Ghana, Mozambique and South Africa for a consideration of $8.8 billion.
APRNEWS - Energy giant Royal Dutch Shell on Thursday said net profit edged higher to $6 billion in the first quarter, with the advance capped by cooler oil prices and a dip in production.
Profit after tax climbed two percent compared with the first three months of 2018, the Anglo-Dutch group said in an earnings statement.
APRNEWS - Oil prices rose on Tuesday above $73 a barrel but then eased off the session high after Venezuela’s president Nicolas Maduro said military leaders remained loyal to his government despite an attempted coup that could further threaten the OPEC producer’s oil exports.
APRNEWS - With increased global competition in the crude oil production space, and the need to find a solution to the rising subsidy payments, the Nigerian National Petroleum Corporation (NNPC), has said the country needs a refining capacity of about 1.52 million barrels per stream day (MBPSD), to meet its premium motor spirit (PMS) requirement by 2025.
APRNEWS - French energy giant Total lifted oil and gas output to record levels to bolster cash flow and lift first quarter net profits Friday -- but price volatility kept results in check.
APRNEWS - Northern Oil and Gas, Inc. has announced that it has entered into a definitive agreement to acquire the Williston Basin properties of VEN Bakken, LLC (Seller). Seller is a wholly-owned subsidiary of Flywheel Bakken, LLC (formerly Valorem Energy), a portfolio company of the Kayne Private Energy Income Funds.
APRNEWS - French oil giant Total said Tuesday it had launched crude oil production at the second half of its Kaombo facility off Angola, sub-Saharan Africa's second-largest oil producer.
APRNEWS - In 2018, Algeria’s economy grew by 2.3%, the ministry of finance indicated on January 24, 2019, in a release.