US Oil Firms Set to Gain from Saudi Disruption

by  Bloomberg | Tina Davis | Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia's facilities over the weekend and an attendant rise in crude prices. (Bloomberg) -- Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise …

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Iran to Release UK Flagged Oil Tanker

by  Bloomberg | Arsalan Shahla and Verity Ratcliffe   Iran said that it will release a UK-flagged oil tanker it has detained for nearly two months. (Bloomberg) -- Iran said that it will release a UK-flagged oil tanker it has detained for nearly two months, a conciliatory gesture as the fallout from the weekend’s attack …

Oil Prices Bounce Back

  WTI and Brent futures returned to net positive territory Thursday. One day after interrupting a three-trading-day rally, West Texas Intermediate (WTI) and Brent crude oil prices returned to net positive territory. September WTI futures gained 14 cents Thursday, settling at $56.02 per barrel. The benchmark peaked at $56.99 and bottomed out at $55.86. Brent …

Naval Chiefs To Assemble in Accra For Gulf of Guinea Issues

  The Ghanaian Navy will host over 10 Chiefs of Navies from across Africa along with 250 international senior officials from Navies, Coast Guards and Marine Police from Wednesday next week. They will be addressing security issues around the increasingly volatile marine and coastal waters in Africa as well as maritime contributions to economic advancement …

NNPC, Shell to Grow Oil Reserves

NNPC GMD, Mallam Mele Kyari, and Managing Director of Shell Petroleum Development Company (SPDC) and Chairman of Shell Companies in Nigeria, Mr. Osagie Okunbor, in a heart-to-heart discussion during the visit The Management of the Nigerian National Petroleum Corporation (NNPC) and its age-long partner, Shell Petroleum Development Company (SPDC), on Tuesday expressed resolve to grow …