Political & Social Unrest News


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Oil Trades Near $56
Thursday, November 15, 2018 Oil traded near $56 a barrel after snapping a record losing streak.

How Will Oil's Freefall End?
Wednesday, November 14, 2018 Oil's record losing streak has plunged prices into a bear market and is reverberating around the globe.

Armed Pirates Attack LNG Tanker Off Nigeria's Coast
Tuesday, November 13, 2018 Armed pirates chased and shot at a liquefied-natural gas tanker off Nigeria's coast.

Oil Extends Record Losing Streak
Tuesday, November 13, 2018 Oil fell for a 12th consecutive session in its longest losing streak on record.

Saudis See Need for Producers to Cut 1MM Barrels
Monday, November 12, 2018 Saudi Arabia expresses the need for oil producers to cut 1 million barrels a day from October levels.

Oil Climbs After Record Run of Losses
Monday, November 12, 2018 Oil climbed after a record run of losses as Saudi Arabia said it will reduce crude sales in December and speculation rose that OPEC and its allies will cut output next year.

Oil Teeters Near Record Losing Streak
Friday, November 09, 2018 Oil's set for its longest stretch of declines on record after entering a bear market.

Oil Market Faces Precarious Few Months
Thursday, November 08, 2018 The oil market faces a precarious few months, according to Wood Mackenzie.

Oil Trades Near $62
Thursday, November 08, 2018 Oil was steady after 8 days of losses.

Australia Govt Nixes CK's Pipeline Bid on National Security
Wednesday, November 07, 2018 CK Group's $9.4B bid for gas pipeline operator APA Group was knocked back by Australia's government on national security concerns.

Further Talks Planned to Avoid North Sea Strike
Wednesday, November 07, 2018 The OCA and UK union representatives agree to meet on November 20 for further talks.

OPEC Eyes Yet Another U-Turn
Wednesday, November 07, 2018 OPEC is enduring one of the most head-spinning years in its history.

Oil Could Hit $100 If Supply Crunch Worsens
Tuesday, November 06, 2018 Oil prices are likely to be 'biased to the upside' for the rest of the year, according to Citigroup Inc.

Strike Action on the Cards for UK GMB Union?
Tuesday, November 06, 2018 UK union GMB confirms that most of its members covered by the Offshore Contractors Association agreement have voted for industrial action.

Thousands of UKCS Workers Edge Closer to Strike
Monday, November 05, 2018 The 'vast majority' of UK union Unite's 2,500 members covered by the Offshore Contractors Association agreement have voted for industrial action.

Crude Extends Decline
Monday, November 05, 2018 Oil extended its decline to a sixth day.

Oil Set for Worst Week Since February
Friday, November 02, 2018 Oil's set for the biggest weekly loss since February.

Sunday Midnight Will Mark Dividing Line in Oil World
Friday, November 02, 2018 Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government.

Gasoline Retailers Face Supply Shortage Due to Mexico Fuel Theft
Thursday, November 01, 2018 BP Plc and Total SA are among international gasoline retailers that are facing a supply shortage in Mexico.

India, Korea, US Said to Agree Iran Oil Waiver Outline
Thursday, November 01, 2018 India and South Korea agreed with the U.S. on the outline of deals that would allow them to keep importing some Iranian oil, according to Asian officials with knowledge of the matter.

Nigeria Sees OPEC Holding Firm in December
Monday, October 29, 2018 OPEC and its allies are likely to keep oil-production policy steady when they meet in December, Nigeria's oil minister says.

Oil Set for Another Weekly Loss
Friday, October 26, 2018 Oil is poised for the longest weekly losing streak since August.

Afren Execs Guilty of Scheme to Replace Lost Salary
Wednesday, October 24, 2018 The top two executives at Afren were found guilty of what prosecutors called an elaborate scheme to boost their annual compensation.

NY Sues ExxonMobil on Climate Change
Wednesday, October 24, 2018 Lawyers for ExxonMobil stood before a New York judge in August and told the state's attorney general to 'put up or shut up.'

Total's Pouyanne Steps Into the Eye of Saudi Storm
Tuesday, October 23, 2018 Total boss Patrick Pouyanne proved once again that he'll go where other business leaders fear to tread.

Oil Falters Below $70
Tuesday, October 23, 2018 Oil faltered below $70 a barrel as Saudi Arabia said it has no intention of using its oil wealth as a political tool and as American crude stockpiles were seen gaining for a fifth week.

Saudi Arabia Has No Plans to Repeat 1973 Oil Crisis
Monday, October 22, 2018 Saudi Arabia has no intention of using its oil wealth as a political tool in the controversy over the killing of journalist Jamal Khashoggi.

Oil Set for Weekly Loss
Friday, October 19, 2018 Oil is poised for a second weekly drop after a larger than expected gain in American crude stockpiles eclipsed tensions between the United States and Saudi Arabia.

US, Saudi Tensions Warrant Oil Market Attention
Thursday, October 18, 2018 U.S. and Saudi Arabia tensions warrant the oil market's attention, but there is no cause for alarm – yet.

Oil Drillers' Rocky Mountain High Threatened by Colorado Vote
Wednesday, October 17, 2018 Politically, BP is trying to straddle both sides.

Nigerian Senate to Probe $3.5 Billion Spent by State Oil Firm
Tuesday, October 16, 2018 Lawmakers in Nigeria will investigate $3.5 billion allegedly spent by the state oil firm on gasoline subsidies and expressed concern that the sum was not included in the national budget.

Crude Rises as Mystery of Missing Saudi Critic Strains Alliance
Monday, October 15, 2018 Oil advanced amid growing international outrage over the disappearance of a prominent Saudi Arabian critic.

Saudis Break 45-Year Taboo with Veiled Oil Threat
Monday, October 15, 2018 Riyadh makes what many read as a veiled threat to use the kingdom's oil wealth as a political weapon.

Oil Majors Offload Gulf of Mexico Fields to Hunt Bigger Finds
Friday, October 12, 2018 Big Oil is giving up looking for singles and doubles in the Gulf of Mexico: Now it's home runs or bust.

Top Oil Traders Say Iran Sanctions Hit Harder Than Expected
Wednesday, October 10, 2018 Sanctions on Iranian oil exports are hitting much harder than most people predicted

BP and ENI Team Up for Libya EPSA Restart
Tuesday, October 09, 2018 Libya's NOC, BP and Eni sign an agreement expected to lead to BP and Eni working together to resume exploration activities on a major exploration and production contract.

Oil Tanker Rates Surge as Iran Rivals Look to Be Boosting Supply
Monday, October 08, 2018 The oil tanker market is surging amid signs that impending US sanctions against Iran are prompting rival producers in the Middle East to ramp up shipments.

Saudi-Russian Cooperation Marks New World Order For Oil
Monday, October 08, 2018 OPEC+ with Saudi-Russian cooperation will retain its hold on global oil supply and continue to reshape the world order for oil.

Saudi Crown Prince to Trump: We've Replaced All Iran's Lost Oil
Friday, October 05, 2018 Saudi Arabia's crown prince, facing US pressure to tame surging oil prices, insisted that the kingdom is fulfilling promises.

Oil Poised for Fourth Weekly Gain
Friday, October 05, 2018 Oil headed for the longest run of weekly gains since the start of 2018.

Iran Oil Buyers Craving Obama's Waivers Get Trump Shock Instead
Thursday, October 04, 2018 Oil buyers who viewed Obama-era policies as precedent for US sanctions on Iran are getting a rude shock.

Trump Request for Max OPEC Output May Backfire
Thursday, October 04, 2018 The Trump administration is commanding OPEC to run the printing presses at full speed.

Oil Halts Gain Near 4-Year High
Thursday, October 04, 2018 Oil halted gains on emerging concerns prices have rallied too fast.

China Boosts West African Oil Imports to Offset Trade War Impact
Tuesday, October 02, 2018 China is set to boost its crude imports from West Africa to the highest in at least seven years this month.

Nigerian Strike for Minimum Wage Widens as More Unions Join
Friday, September 28, 2018 A strike by Nigerian labor unions to demand a new minimum wage widened on the second day.

Oil's Leap Toward $100 Softens the Blow of Russia Sanctions
Friday, September 28, 2018 As US lawmakers mull a new round of 'crippling' sanctions, some traders are predicting the price of Russia's main export will hit $100 a barrel for the first time since 2014.

Israel, Egypt Gas Partners Buy Control of Key Export Pipeline
Thursday, September 27, 2018 The companies developing Israel's largest natural gas fields and their Egyptian partner have bought control of a pipeline to Egypt.

EU Plan to Sidestep Iran Sanctions Won't Keep Oil Flowing
Thursday, September 27, 2018 A proposed plan by the EU, Russia and China to sidestep US sanctions on Iran by using an alternative payment system won't give its oil buyers a free pass to handle Iranian crude.

Strike Action Cancelled by UK Union
Thursday, September 27, 2018 UK union Unite cancels all future strike action on the Alwyn, Dunbar and Elgin rigs in the North Sea.

Oil Surges on Prospects of Supply Crunch
Thursday, September 27, 2018 Oil surged on prospects of a supply crunch after the US ruled out the release of emergency crude reserves.