Tag: oil

oil

Price of brent crude oil rises to $70 on output cuts

 The price of brent crude oil rose to $70 a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and...
oil

Oil rises, poised to make above $70 on fewer U.S. rigs, OPEC

Oil prices rose on Monday, poised to make above 70 dollars on a slight decline in the number of U.S. rigs drilling for new production...
oil

Oil price at highest since 2015 as Iran unrest spooks market

Oil price rose further above $68 a barrel on Thursday to the highest since May 2015, supported by unrest in Iran that raised concerns...
mobil

Oil stocks lift NSE indicators by 1.28%

      The Nigerian Stock Exchange (NSE) market indicators on Thursday improved by 1.28 per cent due to gains posted by some petroleum equities. Seplat led the...
oil

NEITI: Nigeria lost $29bn oil revenue in 2015

  The Nigeria Extractive Industries Transparency Initiative (NEITI), on Friday, said Nigeria lost 54.6 per cent of oil revenue, amounting to $29.7 billion in 2015. NEITI...
oil

Oil hits approximately $67

Oil prices have touched two-and-a-half year highs in light volume boosted by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply...
oil

Oil rise as production cuts tighten market

Oil prices rose on Tuesday on the back of an outlook for healthy demand amid ongoing production cuts led by OPEC and Russia. U.S. West...
oil

Oil rises on North Sea pipeline outage, expectation of lower U.S. crude stocks

        Oil prices inched up on Wednesday supported by expectations of a fall in U.S. crude inventories and by the ongoing outage of the North...
oil

Aiteo Group, Dubri Oil, Atlas Energy, Frontier Oil, Oriental Energy, other oil firms get...

House of Representatives Committee on Oil and Gas, on Thursday, gave 10 indigenous oil companies two weeks to remit $250 million oil...
oil

Oil price jumps above $65

Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a...