Dozens of civilians and an unknown number of military deaths, some by decapitation, were reported by Human Rights Watch, as communications have been shut off in the strategic town of Palma since al-Shabab insurgents attacked the town from three directions Wednesday. The renewed violence affects the fate of the liquefied natural gas project by the … Read more
The world’s third-largest oil importer is diversifying oil imports away from the Middle East and is buying crude from North and South America, according to various reports. A first cargo of Brazil’s grade Tupi was booked by Mangalore Refinery and Petrochemicals Ltd., reported Bloomberg. State-run Hindustan Petroleum Corporation and HPCL-Mittal Energy Ltd, have also placed … Read more
SAO PAULO, Brazil – After replacing the state-controlled oil company’s CEO with a retired general, the Brazilian president blasted its pricing policies and said they should be changed to lower gas and diesel prices, causing a 21% drop Monday in the company’s shares on the São Paulo Stock Exchange. By Milan Sime Martinić Read more