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Oil hangs below $95 amid signs of weak US economy
SINGAPORE—Oil prices extended losses below $95 a barrel Tuesday in Asia amid investor concern about slowing global economic growth and crude demand. | The Boston Globe
'SA should be bigger oil, gas player in Africa'
SA should be a much bigger player in the growing African oil and gas market, according to a director of Sacoil Holdings, one of only three companies listed in the oil sector on the JSE. | Business Live
Poland step closer to freeing natural gas market
The Polish government said it has decided to liberalise natural gas storage regulations, taking a step towards opening state-controlled gas monopoly PGNiG to competition. | Reuters
Iran Receives $100 Million in Oil Payments From India, PTI Says
Iran has received $100 million in payments from an Indian refiner through Union Bank of India Ltd. and Istanbul-based Turkiye Halk Bankasi AS (HALKB), the Press Trust of India reported, citing unidentified sources. | Bloomberg
OPEC Crude Output Rises To Highest Level Since Late 2008-Survey
LONDON (Dow Jones)--The Organization of Petroleum Exporting Countries produced oil in
July at its highest level since late 2008, according to a Dow Jones survey, making up for lost Libyan barrels despite failure to act as a group and a consumers' stockpile drawdown. | Wall Street JournalSudan rubbishes South oil ‘agreement’
Sudanese officials have branded as “groundless” recent claims by counterparts in recently annexed South Sudan that the two have reached a new agreement on oil revenues. | Upstream Online
Petrobras 'will soon overtake Exxon' as world's biggest listed oil company
José Sergio Gabrielli de Azevedo said he firmly believes Petrobras, with a market value of $217bn, will overtake ExxonMobil, worth $389bn, as the largest company, saying this could be as early as 2016. | The Telegraph
Exile eyes Oando assets acquisition
Canadian independent Exile Resources is looking to deepen its footprint in West Africa as it eyes the acquisition of assets from a Nigerian company. | Upstream Online
Israel's National Planning Council approves floating LNG terminal plan
Israel's National Planning Council has given final approval for a plan to establish a floating LNG terminal off the country's central Mediterranean coast, the council said on Wednesday. | Platts
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