REUTERS National Shipping Company of Saudi Arabia (Bahri) said on Sunday it signed a deal with Arab Petroleum Investments Corp. (APICORP) to launch a $1.5 billion investment fund that could buy up to 15 very large crude carriers (VLCCs). The fund will be seeded with $500 million on three occasions, subject to conditions, Bahri said in a bourse statement, …

  REUTERS Guards protesting over pay shut the eastern Libyan oil terminal of Hariga on Sunday, delaying two shipments of crude, a port official said. A unit of Libya’s Petroleum Facilities Guard (PFG) took the action because they said they had not been paid their salaries recently, the Hariga official said. He said the protest had delayed two tankers, one …

  Bloomberg Oil is flowing unhindered through Turkey’s pipelines and waterways, one of the world’s largest energy trading corridors, after a coup attempt against President Recep Tayyip Erdogan failed. The Turkish straits are open to shipping traffic, an official at the Istanbul-based shipping center said by phone ON Saturday. Crude oil shipments from Azerbaijan and Iraq into Turkey’s Mediterranean port …