Oil and Gas (TRBC)

Iraqi forces take control of all oil fields operated by state-owned North Oil in Kirkuk

Iraqi forces take control of all oil fields operated by state-owned North Oil in Kirkuk

Published 17/10/2017

Iraqi forces completed an operation to take control of all oil fields operated by state-owned North Oil Company in the Kirkuk region on Tuesday, a senior military officer said. [more…]

Kurdish forces pullout from Khanaqin area on Iraq-Iran border, security sources say

Kurdish forces pullout from Khanaqin area on Iraq-Iran border, security sources say

Published 17/10/2017

Kurdish Peshmerga forces pulled out from the area of Khanaqin, on the border with Iran as Iraqi forces prepared to take over their positions, security sources said. [more…]

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Published 17/10/2017

Oil prices crept higher on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while political tension rose between the United States and Iran. [more…]

Oil rallies on Chinese import boost and Mideast tensions

Oil rallies on Chinese import boost and Mideast tensions

Published 13/10/2017

Oil prices firmed on Friday as strong Chinese oil import data and turmoil in the Middle East boosted bulls in a market that has already shown signs of rebalancing after years of excess. [more…]

South Korea expects arms, shale gas on U.S. agenda in trade talks

South Korea expects arms, shale gas on U.S. agenda in trade talks

Published 13/10/2017

South Korea's trade minister Kim Hyun-chong said on Friday the United States may demand that Seoul guarantees it will step up arms purchases and imports of U.S. shale gas if the two countries renegotiate a free trade agreement. [more…]

Oil up on lower U.S. rig count, expectation of ongoing Saudi output restraint

Oil up on lower U.S. rig count, expectation of ongoing Saudi output restraint

Published 09/10/2017

Oil prices edged up on Monday, after a 2 percent slide on Friday, as the number of rigs drilling for new oil in the United States dipped and on expectations that Saudi Arabia would continue to restrain its output to support the market. [more…]

Oil industry networking site creator gets one year in U.S. hack case

Oil industry networking site creator gets one year in U.S. hack case

Published 06/10/2017

The founder of an oil and gas networking website who pleaded guilty to hacking a rival site he had created and sold to DHI Group Inc was sentenced to one year and one day in prison on Friday. [more…]

Oil markets wary as another tropical storm heads for Gulf of Mexico

Oil markets wary as another tropical storm heads for Gulf of Mexico

Published 06/10/2017

Oil markets were cautious on Friday as traders monitored a tropical storm heading for the Gulf of Mexico and as China remained closed for a week-long public holiday. [more…]

Mexico warns U.S. against `protectionist war,` peso weakens

Mexico warns U.S. against `protectionist war,` peso weakens

Published 06/10/2017

Mexican officials warned on Thursday that U.S. proposals in ongoing NAFTA negotiations would result in protectionism and higher prices rather than free trade, as concerns about the future of the deal helped drag the peso to four-month lows. [more…]

At least six funds interested in Sanofi European generic drugs unit -Le Figaro

At least six funds interested in Sanofi European generic drugs unit -Le Figaro

Published 05/10/2017

French pharmaceutical group Sanofi (SASY.PA) is set to start the process to sell its generic drug business in Europe, and at least six funds have expressed interest to investment banks mandated by group, France's Le Figaro newspaper reported. [more…]