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Top News In Oili Today - Breaking & Trending Today

Most Gulf markets fall on lower oil prices; Saudi gains

Most stock markets in the Gulf fell in early trade on Thursday on lower oil price, although the Saudi index bucked the trend to trade higher. ....

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Exclusive: S.Africa circles back to shale gas as power crisis drags

South Africa will auction at least 10 new onshore blocks for shale gas exploration in the environmentally sensitive Karoo region, a government official told Reuters, as the country eyes alternative energy sources to ease its worst-ever power crisis. ....

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Russia's Putin says oil output cuts needed to maintain prices

Russian President Vladimir Putin said on Wednesday that oil production cuts were required to maintain a certain price level, contradicting assurances from other leaders of the OPEC+ group of producers that it was not seeking to manage the market in that way. ....

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Nigeria needs $12 billion to clean up Bayelsa oil spills - report

Nigeria needs $12 billion to clean up decades-old oil spills in southern Bayelsa state over a 12-year period, a new report said on Tuesday, and singled out Shell and Eni for being responsible for most of the pollution. ....

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Brazil's Petrobras to announce end of import parity policy Tuesday, CNN Brasil reports

Brazilian state-run oil company Petrobras is set to announce the end of its import parity policy for gasoline and diesel, CNN Brasil reported on Monday citing two sources close to the matter. ....

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