Libyan oil fields closure could lead to announcing force majeure, the oil ministry said late on Friday, a day after three oilfields were shut in protest against the abduction of a former finance minister.
Uganda National Oil Co (UNOC) expects to start oil production from the Tilenga project in the first half of 2025, the company's chief executive said on Wednesday.
Qatar Energy set the term price for cargoes of al-Shaheen oil loading in July at the lowest level since April 2021, as refining margins remained sluggish and crude supplies were ample despite an additional OPEC+ output cut.
Qatar Energy set the term price for cargoes of al-Shaheen oil loading in June at a higher level than for May, indicating stronger demand for crude for the summer amid tightening supply after producers agreed to cut output.
Iraq's Oil Marketing Company (SOMO) kept its official selling price (OSP) for Basra Medium crude to Asia unchanged in May at minus $0.15 a barrel to the average of Oman/Dubai quotes, a price document reviewed by Reuters on Thursday showed.