Africa’s Busiest Oil Industry Is Running Hard to Stand Still
Algeria has more drilling rigs than the rest of Africa combined, yet oil production still isn’t recovering after years of decline. It’s little wonder the nation remains one of the most vocal supporters of action to increase prices by curbing output at the OPEC meeting next month. The Organization of Petroleum Exporting Countries has been […]
Oil falls as Iran firm on export rise, U.S. rigs decline slower
Brent crude prices fell two percent on Monday as investor focus returned to global supply, with Iran insisting on a rise in oil exports and U.S. drillers slowing the reduction in rigs. Global benchmark Brent futures LCOc1 were down $1.06 at $47.66 a barrel by 1345 GMT, on track for a fourth straight day of […]
