Energy Update
LONDON/SINGAPORE, March 25 (Reuters) - Iran is storing at least 30 million barrels of oil on its fleet of supertankers as Western sanctions continue to keep a lid on sales, tanker market sources say.
DAKAR, March 24 (Reuters) - Niger is weathering a fall in the price of its key exports and remains on track to grow by an average of 5.6 percent over the next two years, the International Monetary Fund's resident representative said on Wednesday.
CARACAS, March 25 (Reuters) - Vietnam's state oil and gas group PetroVietnam (PVN) is considering selling its 40 percent stake in a joint venture with Venezuelan counterpart Petroleos de Venezuela (PDVSA), according to two sources close to the exploration project.
NEW YORK, March 25 (Reuters) - U.S. crude inventories soared last week to extend their record build into the eleventh consecutive week as stocks at the Cushing, Oklahoma, delivery hub also hit another peak, data from the Energy Information Administration (EIA) showed on Wednesday.
NEW YORK, March 25 (Reuters) - The rapid rise in the number of miles driven by U.S. motorists continued into January, federal data showed this week, with travel gaining 4.9 percent from a year ago to another record high.
GENEVA, March 25 (Reuters) - International backers of Libya's rival factions must pressure the warring groups to work out a political deal and help to choke off the supply of guns to the country, a U.N.
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