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Motorists in Iraq''s main northern city of Mosul queued for hours on Friday to fill up their cars with petrol, with authorities blaming shortages on smuggling to the nearby Kurdistan region. For the past week, long lines have formed at petrol stations in Mosul and the rest of Nineveh province, AFP journalists reported. Soldiers were deployed in some stations to contain any violence, as tempers flared among motorists over the petrol shortage. "Our lives are made of waiting in line. It has become a routine," taxi driver Abdel Khaliq al-Mousalli complained.

This week’s price action suggests that traders remain unconvinced there will be a war in Ukraine given the diplomatic conversations taking place.

Oil futures fall Friday, on track to break a string of eight consecutive weekly gains, as prospects for restoring the Iran nuclear deal outweighing fears of…

FORT WORTH, Texas, Feb. 18, 2022 /PRNewswire/ -- Valor, an asset management and professional services company specializing in oil and gas mineral rights, has announced two key executive promotions. Effective immediately, Matt Autry has been promoted to president of their Oil and Gas…

© Reuters. A view shows a petrol nozzle refuelling a car at a petrol station in Viterbo, north of Rome, September 25, 2012. REUTERS/Giampiero Sposito (Reuters) – Pandemic restrictions in 2020 reduced the European Union’s oil and petroleum consumption in energy use to its lowest in 30 years, the bloc’s statistics office said on Friday. …

Prices are the highest since 2014, but top shale companies like Devon and Pioneer are choosing to grow slowly rather than drill more.

A prolonged fuel shortage in Nigeria, Africa’s top crude oil producer, has provoked growing frustration and many citizens are demanding government action

DUBAI, United Arab Emirates—Saudi Arabia is signaling it isn’t willing to pump more oil and won’t push for…

By Jonathan Saul LONDON, Feb 18 (Reuters) - UK-based maritime company Fleetscape is investigating the possible transfer of Iranian oil to a tanker it finances, the Oaktree Capital Management-backed firm said after allegations by a U.S. advocacy group….

Stock markets in the United Arab Emirates fell on Friday, tracking falling oil prices as the prospect of increased Iranian oil exports eclipsed potential supply disruption fears arising from the Russia-Ukraine crisis.

Reports of the US and Iran nearing a new nuclear deal couldn’t have come at a better time and oil prices are slipping at the prospect of more than a… The post Oil slides as the US nears nuclear accord with Iran appeared first on London Business News | Londonlovesbusiness.com .

Oil demand markers in most of the world''s biggest oil consuming countries recovered in the week to Feb. 14, according to mobility data, with markets emerging from the recent slowdown due to the impact of new COVID-19 related restrictions in Asia. Mobility in 13 countries representing about half of global oil demand averaged 9.7% below pre-COVID-19 levels in the week,…

Environment Agency investigating to identify the source of suspected lube oil leak

DENVER — U.S. military pilot Gail S. Halvorsen — known as the "Candy Bomber" for his candy airdrops during the Berlin airlift after World War II ended — has died at age 101. Halvorsen died Wednesday following a brief illness in his home state of Utah, surrounded by most of his children, James Stewart, the director of the Gail S. Halvorsen Aviation Education Foundation, said Thursday. Halvorsen was beloved and venerated in Berlin, which he last visited in 2019 when the city celebrated the 70th anniversary of the day the Soviets lifted their post-War World II blockade cutting off supplies to West Berlin with a big party at the former Tempelhof airport in the German capital. "Halvorsen''s deeply human act has never been forgotten," Berlin Mayor Franziska Giffey said in a statement. Utah Gov. Spencer Cox also praised Halvorsen, who was born in Salt Lake City but grew up on farms before getting his pilot''s license. "I know he''s up there, handing out candy behind the pearly gates somewhere," he said.

Even as crude prices hurtle toward $100 a barrel, U.S. oil output won’t be able to reach its pre-pandemic high until later next year as inflation and production logjams present obstacles to the industry’s recovery.