News Desk

News Desk

US safety plea over stockpiles

Forecasters urged the oil industry this summer to stockpile supplies away from the US Gulf Coast, which they predict will be hit by hurricane-force winds, potentially...

News Desk

In brief

Taqa-Northrock in $2bn pact ABU DHABI: Abu Dhabi National Energy Company (Taqa) announced the purchase of a Canadian oil and gas exploration firm, Northrock Resources...

News Desk

Vitol, Koch back new contracts

Energy traders Vitol and Koch will trade both of the new sour crude futures contracts on the Dubai Mercantile Exchange (DME) and IntercontinentalExchange (ICE), top...