News about Oil

Oil prices climb on geopolitical fears, US data

Oil prices surged on Friday helped by a rise in Middle East worries, after Washington said it would provide military support to Syria's rebels and Iran went to the polls to elect a new president.
16 June 2013 12:28

Sudan freezes oil and security deals with South

Sudan on Sunday put on hold nine security and economic pacts with South Sudan, including on vital oil shipments, but said Khartoum remained committed to good relations if Juba ended support for rebels.
11 June 2013 10:56

OPEC set to hold oil output ceiling again

The OPEC oil cartel was widely expected on Friday to maintain its collective output ceiling amid lingering worries over the health of global energy demand.
31 May 2013 12:20

US fines Total $398 mn over bribes in Iran

French oil giant Total agreed Wednesday to pay US authorities $398.2 million to settle charges that it bribed officials in Iran to secure oil and gas concessions.
30 May 2013 15:43

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