North Sea hit by fall in oil price | FT Business
Lawmakers in Nigeria’s lower house of parliament are to investigate whether $17 billion of petroleum and fuel exports were stolen by companies and government agencies.
McDermott International official says Altamira facility workers a “revelation” and part of facility’s success.
As OPEC prepares to meet in Algiers next week, the oil market is reminding the group’s members what’s at stake if they fail to reach a deal.
Some unnamed sources say Saudi Arabia may be willing to cut its production, but non-OPEC member Russia says production cuts off the table.
Saudi Arabia has offered to lower its own oil production if rival Iran agrees to cap its output this year, in a major compromise ahead of talks in Algeria next week.