Oil is on the Rise
Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and as consensus spread that Brent crude prices would likely…
Fighting for Ports Escalates in Libya
Military planes loyal to Libya's recognised government attacked on Sunday an opposing force that is seeking to seize the country's two biggest oil ports, officials said.
Security Threat in Yemen Shuts CNOOC's Nexen Facility
CNOOC Ltd's Nexen unit is shutting operations at an oil field and processing facility in Yemen due to a security threat, a Nexen spokeswoman said on Sunday. The…
Suez Canal Revenue Falls
evenues from the Suez Canal fell to $442.8 million in November from $482.3 million in October, Egypt's state information website said on Sunday. The fastest shipping…