Yemen has set the official selling price of its Masila crude for loading in June at a premium of $1.63 a barrel to dated Brent, down 92 cents from the previous month, its government said late Monday.
April 10, 2012 2:48
Royal Dutch Shell is struggling to pay off $1 billion that it owes Iran for crude oil because European Union and US financial sanctions now make it almost impossible to process payments, industry sources said.
March 26, 2012 4:17
Western sanctions have so far failed to deter Iran from pursuing its nuclear programme and their unexpected and unintended side-effects are producing a new collection of challenges.
March 24, 2012 3:58
Saudi Arabia can't easily relieve Barack Obama's fuel price misery. Una Galani talks about why options for the world’s biggest oil supplier to rein in runaway crude are all imperfect.
March 21, 2012 2:48