BEIRUT / Reuters Lebanon intends to restart its first oil and gas licensing round after a three-year delay, the energy minister said, hoping to kick-start the development of a hydrocarbon industry stalled by national political paralysis. In its first sitting since being formed in December, Lebanon’s new cabinet passed two decrees defining the blocks and specifying conditions for production ...

  Reuters Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalising on an OPEC output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data. In the past three months, Tehran has sold almost half the oil it ...

  Reuters Winter temperatures in North Asia will swing to unusually cold from relatively mild in the coming weeks, lifting the demand for liquefied natural gas (LNG) and thermal coal as regional power stations ramp up to meet the increased heating needs. January tends to be the coldest month of the year in the northern hemisphere, and a drop to ...