Asian trade flourishes for sanctions-hit Iran

China has become Iran's top trading partner as the sanctions against the Islamic republic have become progressively tougher.

Oil import cuts from Iran poses problems for SA

Should sanctions halt or cut the export of oil from Iran to South Africa, the department of energy says the country would struggle to fill the gap.

South Sudan signs pipeline deal with Kenya

South Sudan has signed an agreement with Kenya to build an oil pipeline to a Kenyan port, freeing it from reliance on Sudan.

South Sudan stops oil production to defy northern 'thieves'

South Sudan has ordered oil companies to shut down oil production within two weeks, to prevent Sudan from stealing more oil from the new country.

Barrelling towards fuel shortages

The government must prepare immediately for disruptions in crude oil supply from Iran.

Major oil discovery in Barents Sea

Norway's Statoil has announced a major oil discovery in the Barents Sea that could contain up to 300 million barrels of crude.

Oil falls to nearly $101 ahead of Europe meeting

Oil prices fell to near $101 a barrel on Monday in Asia amid investor concern over the outcome of a meeting between the leaders of Germany and France.

Iran shrugs off oil export sanctions

An already frail economy will come under more pressure when the EU ban comes into effect.

Nigeria coast braces for worst oil spill in 13 years

Latest Shell oil spill is comparable to the Exxon Mobil spill of 1998, say authorities as emergency measures are put in place to protect the coast.

Nigerian activist claims fuel protests scuppered by police

A Nigerian youth leader says armed police officers stopped his group's planned protest in Abuja over a state proposal to remove fuel subsidies.

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