As reported by Reuters, Total SA  has agreed to purchase the entire respective holdings in cash in Gulf Africa Petroleum Corp (Gapco) from Reliance Industries. The price of the deal is yet to be disclosed.     Read Article  +

Liquefied natural gas spot prices will fall to $3 per million British thermal units by mid-2017 or 2018 as new projects worsen a global glut, according to energy consultant FGE.     Read Article  +

French major Total has agreed to buy East African oil retailer Gulf Africa Petroleum Corp (Gapco) from Reliance Industries for an undisclosed amount as it seeks to strengthen its presence in the continent.     Read Article  +

OPEC members gathering in Vienna June 2 are expected to go along with a Saudi Arabia-led policy focused on squeezing out rivals amid signs the strategy is working. That means the meeting may be less fraught than the previous summit in December, wh...  +

European refiners outside France and oil traders are gearing up to cash in on the unexpected demand for diesel created by French strikes that have blocked oil terminals and shut down refineries.     Read Article  +

Crude-oil prices were lower in early Asian trade Tuesday, weighed down by concerns of a growing global supply as outages around the world are winding down.     Read Article  +

The owners of Ireland’s only oil refinery at Whitegate, Co Cork have confirmed there is significant interest in the facility after the Irish Examiner revealed last week that a sale was close to completion.     Read Article  +

After starving farms across Asia of rainfall, El Nino’s last gasps have infused life into the battered market for diesel fuel in the region.     Read Article  +

Oil futures settled higher on Tuesday for the first time in five sessions as traders bet that recent supply disruptions will prompt a decline in weekly U.S. crude-oil inventories.     Read Article  +

Driving season arrives early, taking US gasoline consumption to 9.755m barrels per day.     Read Article  +