Gibraltar’s police and coastguard, aided by British Royal Marines, detained a supertanker on Thursday suspecting of carrying crude oil to Syria in violation of sanctions, the territory’s Chief Minister Fabian Picardo said.
LONDON: British oil major BP agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years. The deal, which includes interests
Oil prices hit four-month highs on Monday after attacks on crude facilities in Saudi Arabia fuelled worries over the impact of an oil shock on economic growth, halting a positive run in world stocks and bolstering demand for safe-haven assets.
India’s imports of crude oil have stalled in recent months, but the malaise in the country’s energy sector is deeper, with both coal and liquefied natural gas (LNG) also soft.
Rosneft’s daily oil output fell 2.7% in the second quarter from the previous three months, the Russian oil company said, mainly because of restrictions introduced by pipeline operator Transneft after an oil contamination scandal. The world’s biggest listed oil company by output said its oil production averaged 4.62 million barrels per day (bpd)