Somali pirates released a Greek-owned oil tanker and 26 crew members seized 10 months ago in the Arabian Sea.
Amrita Sen, chief oil analyst at Energy Aspects Ltd, tells CNBC why increasing unrest in countries like Nigeria and Iran is starting to affect oil production and supply.
Seven foreign hostages kidnapped last month by a Nigerian Islamist group from a construction firm's compound have been killed, the Italian and Greek Foreign Ministries said.
Ruchir Sharma, managing director at Morgan Stanley Investment Management, tells CNBC that the BRIC era is now over and he is searching for new breakout nations, such as Nigeria.
Alison Diezani Madueke, Nigeria¿s oil minister tells CNBC that OPEC countries are concerned about over production over the next eighteen months.
PARIS, Nov 6- Pernod Ricard plans to tap Africa's thirst for whisky, vodka and cognac at a time when China is slowing and bets the continent will become a key growth area for the French spirits group within 10 years.
LONDON- A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank says. ( HSBC/, expect 1715 GMT/ 12.15 PM ET, by Steve Slater and Matt Scuffham, 870 words).
ABUJA, Nov 5- Nigerian President Goodluck Jonathan is coming under increasing pressure to tackle government corruption after an oil probe released last week showing billions of dollars of lost state revenues sparked a political row.
Nov 5- Nigeria's airline industry is in dire financial straits, putting its already poor safety record at risk of further deterioration.. Sept. 26, 1992- A Nigerian Air Force C-130 crashed minutes after taking off from Lagos airport. Nov. 7, 1996- A Boeing 727 operated by Nigeria's ADC crashed on its way from Port Harcourt to Lagos.
LAGOS, Nov 5- Passengers arriving at Murtala Mohammed airport in Lagos could be forgiven for thinking they had stumbled into a refugee camp. 'Last flight to Abuja', a film about a plane crash caused by mechanical failure, is the longest running box office smash in' Nollywood', Africa's answer to Hollywood and the world's third biggest film industry.
*Exodus of talent and money from Russia. Russia is exporting three things in great quantity, says a leading Moscow banker: natural resources, capital and people. Only the first could be regarded as healthy and sustainable; the other two imply that oligarchs and ordinary citizens alike are turning their back on Putin's Russia.
Third-quarter results from Exxon Mobil, Royal Dutch Shell and other top international players released over the past few days mostly beat expectations thanks to a shortage of the fuels and other crude-oil based products they make.
*Super storm Sandy seen impacting fuel demand on US East Coast. LONDON, Nov 1- European oil futures fell on Thursday as investors continued to analyse the aftermath of super storm Sandy, while U.S. futures gained as U.S. markets geared back up after the severe battering to the east coast delivered by Sandy.
LONDON, Nov 1- World No. 2 oil company Royal Dutch Shell, seen as having some of the best output growth assets in the business, joined its peers in suffering lower production in the third quarter.
LONDON, Nov 1- World No. 2 oil company Royal Dutch Shell suffered a 15 percent fall in current cost of supply profits in the third quarter as the impact of lower crude prices, a fall in output and special charges outweighed stronger margins in refining.
SINGAPORE, Nov 1- Brent crude hovered around $108.50 a barrel on Thursday as investors focused on concerns that storm Sandy's rampage across the U.S. East Coast could reduce fuel demand, although data pointing to recovery in China offered some support.
SINGAPORE, Nov 1- Brent crude edged down toward $108 a barrel on Thursday as investors focused on concerns that storm Sandy's rampage across the U.S. East Coast could reduce fuel demand and shrugged off data pointing to a recovery in China.
LAGOS, Nigeria-- Kidnappers freed six Russian sailors and an Estonian on Wednesday who had been abducted from a ship off Nigeria's southern delta, a French oil and gas services company said. Typically, foreign companies operating in Nigeria's Niger Delta pay cash ransoms to free their employees after negotiating down kidnappers' demands.
LAGOS, Nigeria-- French company: 7 sailors kidnapped off Nigeria oil delta freed unharmed.
*Supply rises by 60,000 bpd, led by Iraq, Angola, Libya. LONDON, Oct 31- OPEC oil output has risen slightly in October as extra supplies from Iraq, Angola and Libya have offset disruptions in Nigeria and a further decline in Iran to its lowest in two decades, a Reuters survey found on Wednesday.