Oil

Oil

Swiss firm plundered Congo oil rents: NGO

An NGO has accused a Swiss trading firm of misappropriating oil rents from the Republic of the Congo thanks to an exclusive contract with a refinery managed by the son of the African state's leader.

Oil

Saudi king's death 'will not change oil policy'

The chief economist of the International Energy Agency said in Davos on Friday that there would be no "significant" changes to Saudi oil policy following the death of King Abdullah.

Oil

Switzerland ramps up sanctions on Iran

<p>Switzerland announced tougher sanctions against Iran on Thursday but refused to implement an outright ban on oil imports "for policy reasons".</p>

Oil

Iran dodges oil embargo using Swiss office: report

<p><span lang="EN-GB">Iran&rsquo;s state-owned oil company, Naftiran Intertrade Company (Nico), may be able to get around EU sanctions</span>&nbsp;by continuing to trade from an office in the canton of Vaud, according to a Swiss media report.&nbsp;</p>

Oil

Swiss Transocean posts $71 million loss

<p>Swiss offshore drilling group Transocean on Wednesday posted a $71 million loss in the third quarter.</p>

Oil

US sues Transocean for blocking oil spill probe

<p>The US government sued offshore drilling group Transocean on Wednesday for blocking an investigation into the cause of the giant 2010 oil disaster off the coast of Louisiana.</p>