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Eastern govt tried to export 650,000 barrels: Libya’s NOC

  TRIPOLI / Reuters Libya’s National Oil Corporation (NOC) said the country’s eastern government attempted to export 650,000 barrels of oil this week, but that workers at the Marsa el-Hariga terminal had refused to load the shipment. “This had the potential to be a very ugly incident and I am pleased that it has been resolved peacefully without injury to ...

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India’s Reliance mulls long term oil supplies from Iran

  MUMBAI / Reuters Reliance Industries Ltd , India’s biggest oil refiner, said it is looking to buy more crude from Iran as the company seeks to rebuild ties to benefit from shorter shipping distances. The company had made small purchases from Iran in the current quarter and was currently engaged in talks for bigger supplies, indicating that it could ...

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Obama issues stark trade warning against Brexit

  London / AFP Barack Obama warned Britain against leaving the European Union, undercutting a key argument of eurosceptics by saying London would be “at the back of the queue” for a post-Brexit trade deal. The US president’s comments on Britain’s June 23 EU membership referendum at a press conference with UK Prime Minister David Cameron drew a furious reaction ...

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