UPDATE 5-Insurance relief in Iran nuclear deal may lift oil sales

Chinese petrochemicals supplier Lihuayi Group has selected GE's advanced coal gasification technology for the Lijin Petrochemical Refinery Phase II expansion project. GE's gasification technology will enable the refinery at the Lijin Petrochemical ...

Modern world today relies on energy supplies to fuel the basic requirements, i.e. from transportation, security, communication to healthcare and public safety. Energy has become the backbone for the growth of the worlds greatest economies. Many ...

Singapore: Crude traders are sceptical that the accord loosening some economic sanctions against Iran in return for limiting nuclear work will lead to a surge in oil supply from what was once Organisation of Petroleum Exporting Countries' (Opec) ...

"South Africa, the South African Cabinet, the South African government, has committed to ensure our security of energy supply in South Africa by utilising the energy sources that we can, that we should, utilise," he stated. This includes nuclear, ...

New York's main contract, West Texas Intermediate (WTI) for December delivery, slipped to US$92.9, while Brent North Sea crude for January dipped to US$108. Prices have fallen amid rising global supplies and as market awaits results of talks between ...

Buying cheap power from France boosted National Grid's profits in the first half of the year ? but the group warned that plans to build more undersea cables could be derailed by political meddling. The company has seen low-cost electricity from the ...

Sunao Tsuboi is seen in Naka Ward, Hiroshima, on Nov. 6. (Mainichi) HIROSHIMA -- When Sunao Tsuboi, the 88-year-old chairman of the Hiroshima branch of the Japan Confederation of A-and H-Bomb Sufferers Organizations welcomed me into his office ...

Crude-oil futures are lower Monday in Asian hours as a nuclear accord between Iran and six world powers eased Middle East geopolitical tensions, raising expectations of increased global production. On the New York Mercantile Exchange, light, sweet ...

Unrest in Libya has raised supply worries fuelling oil prices while progress in settling the dispute over Tehran's nuclear programme has raised traders hopes that more Iranian oil will come back to the market if it follows through on its ...