Paris / AFP A global oil glut that has hurt producers but means cheaper pump prices for consumers looks set to go on at least six months longer than previously thought, the International Energy Agency said on Tuesday. The IEA said demand growth was slowing while supply was rising, meaning the glut was now due to linger “at least ...

  DOHA / Reuters Qatar Petroleum is interested in the Mozambique gas business of Italian energy group Eni and could opt to join Exxon Mobil in buying a multibillion-dollar stake, sources familiar with the matter said. State-controlled Eni is looking to reduce a 50 percent stake in its giant Mozambique gas acreage as part of plans to sell 5 billion ...

  Bloomberg Kazakhstan’s giant Kashagan oil field has taken 16 years and more than $50 billion to bring to the verge of production. It could take another decade to reach its potential, with initial output at half the forecast level. Eni SpA, working with partners Royal Dutch Shell Plc, Total SA and the Kazakh state, expects Kashagan to start in ...

  Bloomberg Global Infrastructure Partners agreed to buy a 20 percent stake in Spain’s Gas Natural SDG SA for 3.8 billion euros ($4.3 billion) from shareholders Repsol SA and Criteria Caixa. Repsol, Spain’s biggest oil company, and Criteria each sold 10 percent stakes in the natural gas distributor for 19 euros a share, according to a statement from Madrid-based Repsol ...

  TEHRAN / AP Iran’s powerful Revolutionary Guard on Tuesday unveiled a new high-speed vessel the force says is capable of carrying a helicopter and up to 100 people, Iranian state TV reported. The report follows a series of close encounters between American warships and Guard vessels in the Persian Gulf. The TV showed a catamaran-type ship described as 55 ...

  Aleppo / AFP A ceasefire billed as the “last chance” for peace in Syria appeared to be holding on its first full day Tuesday, with residents nationwide reporting a rare respite from years of violence. The truce brokered by Russia and the United States saw guns fall silent at sundown on Monday, in the latest bid to end a ...

  Bangalore / AFP Prime Minister Narendra Modi appealed for calm on Tuesday in the Indian tech hub of Bangalore which was placed under curfew after deadly violence erupted over a water dispute with a neighbouring state. Thousands of police officers were deployed on the largely deserted streets of the southern city to enforce the curfew, after rampaging, stone-pelting mobs ...

  Juba / AFP A report commissioned by actor-activist George Clooney alleging massive corruption and war profiteering by leaders of South Sudan, the world’s newest nation, is “completely rubbish”, the government said on Tuesday. A spokesman for President Salva Kiir said the report released in Washington at a high-profile press conference headed by Clooney was both “misleading” and ill-intentioned. Released ...

  Harare / AFP Zimbabwean police have announced a fresh ban on protests in the capital Harare, state media said on Tuesday, in another attempt to end demonstrations against veteran ruler President Robert Mugabe. The order came hours after a coalition of opposition parties said they would stage mass rallies across the country on Saturday to push for reform before ...

  Manila / AFP The Philippines assured the United States on Tuesday it will honour its obligations as a military ally following volleys of profane tirades by unpredictable President Rodrigo Duterte. Duterte said he was “not a fan” of Washington and on Monday called for the small number of US military advisers to leave the southern Philippines. On Tuesday Duterte ...