Saudi Arabia is committed to stabilising the global oil market, the energy ministry of the world’s biggest oil exporter said late on Tuesday after oil prices slid to three month lows. Opec and non-Opec countries last year pledged to reduce…
Libyan National Army took over the ports in September, ending a two-year blockade at three of them and quickly inviting the NOC to resume exports. Tunis: Libya’s National Oil Corporation (NOC) has been coordinating with military forces from eastern Libya…
Oil wells at Iran's South Pars gas field started production for the first time this week, Iranian oil ministry news agency SHANA reported. South Pars is a part of the world's largest gas field which Iran shares with Qatar. South…