Petroliam Nasional Bhd (PET)., the Malaysian state-owned oil company, is studying a Canadian acquisition exceeding $5 billion as part of the company’s drive to supply natural gas to Asia.
Brent crude rose above $123 on Monday after positive manufacturing data from China eased fears of a sharp economic slowdown in the world’s second-largest oil consumer and continuing tension in the Middle East threatened crude supplies.
Organisation of Petroleum Exporting Countries (OPEC) oil output rose in March to its highest since October 2008 as higher supply from Iraq and further recovery in Libya’s production offset a drop in shipments from Iran.
The export of oil from the Kurdistan Region of Iraq has been stopped from today because the federal government in Baghdad has not honoured its payment commitments, the Ministry of Natural Resources…
International companies recently named by state oil officials and the ministry of oil in Baghdad as being involved in talks to develop the Kirkuk oil field have written to the Kurdistan Regional Government…