OIL AND GAS

May 27, 2017

Falling Oil Threatens Energy Sector -- Canadian Commentary

Canadian stocks are poised to end the week on the back foot Friday, as falling crude oil prices may hit the heavyweight energy sector. Energy stocks fell sharply along with crude oil in the previous session. Markets were nonplussed by OPEC's 9-month extension of their supply quota plan with Russia. Libya and Nigeria will be exempted from the deal, and U.S. production may offset any attempts to re-balance oil markets. Despite strong earnings from the banking sector, the TSX Composite was down a few points yesterday. Rogers (RCI.B.TO)......

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May 25, 2017

US Food and Drug Administration (FDA) Begins Scientific Review of Philip Morris International’s Modified Risk Tobacco Product Application for its Electronically Heated Tobacco Product (EHTP) 

(ME NewsWire)-- On May 24, 2017, the US FDA published the executive summary and research summaries supporting Philip Morris International Inc.’s (PMI) (NYSE/Euronext Paris: PM) Modified Risk Tobacco Product (MRTP) application for the company’s"...

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May 24, 2017

Gas and Fuel Crisis Commission gives 24 hours for wholesalers to spread stored goods in markets

Gas and Fuel Crisis Commission and Brigade 301 Infantry toured on Monday the hub of goods stores in Kraimiya, Tripoli to check whether the imported commodities have been distributed in the markets or not by the wholesalers.

The"...

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May 24, 2017

Libya, Nigeria could be obliged to cut oil production in next OPEC meeting

Libya and Nigeria could be asked to cut oil production at the Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna on the 25th.

According to a report by OilPrice, OPEC is expected to review the"...

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May 23, 2017

Libya And Nigeria May Be Asked To Cut Production, Says Iraqi Oil Minister

Even Libya and Nigeria could be asked to cut production at the Organization of Petroleum Exporting Countries’ (OPEC) meeting in Vienna on the 25th, when the bloc is expected to review"...

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May 21, 2017

How Big, Dirty Oil Deals Fit Into The Center Of The World’s Most Pressing Conflict

Sitting at the very center of the Syrian civil war are failed plans for two competing oil pipelines that some observers say at the very least subsidized the beginnings of the conflict. While the most apparent reason for Syria’s woes was a ruthless dictator slaughtering his own people,"...

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May 20, 2017

Oil price: 'Battle between bulls and bears rages on'

The oil price was rising strongly today, breaking out of a rut ahead of a key meeting of Opec ministers next week.

Under discussion will be the finalising of a deal to extend production cuts until early next year,"...

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May 17, 2017

Cautious progress in Libya’s oil output

Rising Libyan oil production is primarily the result of the military success of General Khalifa Haftar, whose so-called Libyan National Army forces are wresting unitary control of the oil supply chain from a patchwork of local militias.

These"...

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May 17, 2017

German oil firm accused of withholding $900m from Libya

A German oil producer has been accused by the head of Libya’s National Oil Corporation of withholding more than $900m (£697m) from the Libyan state and colluding with unlawful efforts by Libya’s UN-backed government"...

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May 16, 2017

Libya oil output on the rise as OPEC moves to cut supply glut

Libya is increasing oil output with less than two weeks to go before the world’s biggest exporters decide whether to extend production cuts to clear a supply glut, Bloomberg reported.

The OPEC member with"...

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