Brent oil falls by $1 but demand underpins near $70 per barrel

Brent crude oil shed some of its recent gains by falling just over $1 a barrel…

4 takeaways from the IMB’s latest global piracy report

A total of 121 incidents of piracy and armed robbery against ships were reported in the…

NNPC says gas pipeline explosion has not affected supply

The Nigerian National Petroleum Corporation (NNPC) said on Friday the supply of gas had not been affected…

South Korea asks WTO for $700 million trade sanctions over U.S. non-compliance

South Korea has asked the World Trade Organization (WTO) for authorization to impose annual trade sanctions…

Vietnam complains to WTO about U.S. fish tariffs

Vietnam has challenged U.S. anti-dumping measures against Vietnam’s exports of fish fillets, a filing published by…

Kenya cuts local communities’ share of oil revenue

Kenya has cut the share of revenue communities receive from local oil discoveries to 20 percent…

Oil retreats from $70 highs but set for fourth week of gains

Oil prices fell on Friday after hitting a three-year high over $70 a barrel the previous…

Finland expresses concern over rise in Russia’s cargo ship inspections

The Finnish government has voiced concern over surprise inspections on Finnish cargo ships visiting Russian ports…

Sinopec moves closer to winning Chevron’s South Africa assets

China’s Sinopec Corp inched closer on Thursday to victory over Glencore in their battle for Chevron’s…

U.S. says Canada’s WTO complaint over trade remedies ‘unfounded’

Canada’s launching of a wide-ranging trade dispute against the United States at the World Trade Organization…

Canada takes United States to WTO in complaint over trade remedies

Canada has launched a wide-ranging trade dispute against the United States, challenging Washington’s use of anti-dumping…

U.S. import prices post smallest gain in five months

U.S. import prices recorded their smallest increase in five months in December and underlying imported price…