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Aramco begins global hunt for natural gas

Bloomberg Saudi Aramco is looking for natural gas assets from Russia to East Africa and the US as the kingdom’s state-owned energy giant hunts for ways to meet soaring domestic demand. The comments by Khalid Al-Falih, who’s both Aramco chairman and Saudi energy minister, are a tacit admission Aramco has failed to find enough domestic gas reserves despite years of ...

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Mexico light oil vanishes from markets, leaving US to plug gap

Bloomberg Pemex’s crude menu has just gotten simpler. If it’s the traditional, heavier Maya you’re after, step right up, but traders with a palate for lighter, sweeter crudes will have to look elsewhere. Isthmus exports fell almost 16 percent in November from the previous month while Pemex stopped sending Olmeca, Mexico’s light- est crude, for a third consecutive month, according ...

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N Korea says new sanctions an ‘act of war’

Bloomberg North Korea rejected tighter United Nations sanctions aimed at curbing its nuclear expansion, describing the move as an “act of war” and vowing to avenge US sympathisers who approved it. The US “must abandon its hostile policy” towards North Korea, “learn to co-exist” and “wake up from its pipe-dream of our country giving up nuclear weapons,” the Korean Central ...

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