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Oil trade gives clearest sign yet Nigeria’s Forcados to return

  Bloomberg The oil market gave the clearest sign yet that Nigeria’s Forcados crude is about to flow again for the first time in eight months, after Royal Dutch Shell Plc was among companies said to have purchased the grade halted by militant attacks in February. Axion Energy Argentina SA, Pampa Energia SA, and Shell, operator of the Forcados export ...

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OPEC’s unexpected winner is the electric car

  Bloomberg Electric car makers may breath a sigh of relief from OPEC’s decision to curb oil output, which if it holds may help tilt the argument in favor of greener transport. Electric car sales stalled in the U.S. last year as gasoline prices fell 5.8 percent on average and demand for the motor fuel rose for the first time ...

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Iraq Sept oil exports from southern ports rise slightly

  BASRA /Reuters Iraq’s oil exports from the southern ports rose to an average of 3.245 million barrels per day (bpd) in September, from 3.230 million in August, the oil ministry said on Saturday. OPEC’s second-largest producer also exported 935,270 barrels – an average of 31,176 bpd – via pipeline to the Turkish Mediterranean port of Ceyhan in September, the ...

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