StanChart has agreed to pay $327 million to resolve allegations that it violated U.S. sanctions against Iran, Sudan and two other countries, capping months of legal headaches for the British bank.» Read More
*Pressure on OPEC to produce more easing. *Iraq, North America to increase oil production steeply. LONDON, Oct 12- The world could see a gradual easing of oil prices over the next five years due to sluggish economic growth and rising energy efficiency and as production increases steeply in Iraq and North America, the West's energy watchdog said on Friday.
*IEA cuts demand growth outlook due to sluggish economy* Pressure on OPEC to produce more easing* Iraq, North America to increase oil production steeply By Dmitry Zhdannikov and Christopher Johnson.
JUBA, South Sudan-- To fight a backlog of court cases in this poor and rural country, South Sudan plans to introduce mobile courts, a response to criticism that that some defendants have languished in prison for five years without trial.
*Rare chance for Sudan to meet Western firms. *Sudan and South came close to war in April. VIENNA, Oct 10- Sudan and South Sudan pledged to work together to rebuild their shattered economies and not to return to war in a joint plea for foreign investment after signing a critical trade and border agreement last month.
JUBA, Oct 9- South Sudan's annual inflation eased slightly to 42.9 percent in September from 43.3 percent in August, driven mainly by a dip in the cost of food and non-alcoholic beverages, official data showed on Tuesday.
Oil prices appeared set for a modest rebound Tuesday after three days of losses, rising nearer to $90 a barrel on supply concerns due to the Syrian conflict and delays in shipments of North Sea oil. By early afternoon in Europe, benchmark crude for November delivery was up 50 cents to $89.83 a barrel in electronic trading on the New York Mercantile Exchange.
Oct 9- The Middle East and North Africa's oil exporting countries will see economic growth accelerate in 2012 to 6.6 percent, mainly due to a strong rebound of activity in Libya, the International Monetary Fund said on Tuesday.
SINGAPORE, Oct 8- India's Mangalore Refinery and Petrochemicals Ltd sold a lower sulphur gasoil cargo and offered another, its first such cargoes in more than a year, as it moves away from exporting the polluting high sulphur grade, traders said on Monday.
*Flight was on the way to Darfur. KHARTOUM, Oct 7- A Sudanese military plane carrying personnel and equipment to the strife-torn Darfur region crashed near the capital Khartoum on Sunday killing 13 people on board, the army said. The Antonov 12 transport plane was travelling to El Fasher in northern Darfur, military spokesman Al-Sawarmi Khalid told Reuters.
KHARTOUM, Oct 7- A Sudanese military plane crashed in a rural area west of the capital Khartoum on Sunday, killing some of the 20 armed forces personnel on board and injuring others, the army said.
KHARTOUM, Oct 7- A Sudanese military plane crashed in a rural area west of the capital Khartoum on Sunday with 20 armed forces personnel on board and some of them were killed, a military spokesman said. "Some were killed and some were injured," spokesman Al-Sawarmi Khalid told Reuters. He did not give a precise death toll or the cause of the crash.
*Flight was on the way to Darfur. KHARTOUM, Oct 7- A Sudanese military plane carrying personnel and equipment to the strife-torn Darfur region crashed near the capital Khartoum on Sunday killing 15 people on board, the army said. The Antonov 12 transport plane was travelling to El Fasher in northern Darfur, military spokesman Al-Sawarmi Khalid said.
KHARTOUM, Oct 4- Sudan and South Sudan will remain locked in conflict despite reaching a border security deal last week because they do not trust each other enough to resolve their biggest disputes, leading Sudanese opposition figure Hassan al-Turabi said.
*If successful, would be Tullow's second oil discovery in Kenya. NAIROBI, Oct 1- British explorer Tullow Oil Plc and its Canadian partner Africa Oil Corp started drilling a third well in Kenya, extending a campaign to discover more reserves after finding oil in the east African country earlier this year.
*NAIROBI- Industry regulator Tea Board of Kenya releases performance report. global growth, with data from Japan to China underscoring sluggish business. weakness in China and Japan as well as persistent worries about the.
NAIROBI, Oct 1- Egypt's Citadel Capital could be an investor in Uganda's proposed $2.5 billion oil refinery project, the Egyptian private equity firm's managing director said.
Click to see some of the fallout from this clash between the West’s cherished freedom of expression and the Muslim world’s insistence on respect for its traditions.
The US wants China and Arab states to help foot the $3bn bill for a deal designed to unlock oil production and set Sudan and South Sudan back on the path to peace, the FT reports.
The “Fast Money” pros weren’t concerned that the effect of a Saudi pipeline explosion - false, as it turns out - would last.
Oil prices are on a roll, and this strategist thinks its bad news for the buck.