Oil prices rise on report of lower U.S. crude inventories
Oil prices rose on Wednesday lifted by a report that U. S. crude inventories fell last week. Brent crude futures ...
Tag: oil
Oil rises as OPEC compliance eclipses boom in U.S. output
Oil prices rose on Thursday after a survey showed OPEC’s commitment to its supply cuts remains in place. Brent April ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Aiteo Group, Dubri Oil, Atlas Energy, Frontier Oil, Oriental Energy, other oil firms get two-week ultimatum to remit $250m to FG
House of Representatives Committee on Oil and Gas, on Thursday, gave 10 indigenous oil companies two weeks to remit $250 ...
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 ...
NASS passes MTEF, raises oil benchmark to $47 per barrel
The two chambers of the National Assembly, on Tuesday, passed the long-awaited 2018-2020 Medium Term Expenditure Framework (MTEF) and the ...
Oil debt: Court to resume hearing of FG’s $406.8m suit against three oil firms Jan 23
A Federal High Court in Lagos will on January 23, 2018, resume hearing of a $406.8 million suit instituted by ...
Oil rises as expected extension of OPEC cuts counter rising U.S. supplies
Oil markets edged up on Thursday as expectations that OPEC will extend production cuts at a meeting at the end ...
Oil hits highest levels since 2015 amid tightening markets, Saudi purge
Oil prices hit their highest levels early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power ...
Oil prices rising to $70
Oil markets were firm on Monday, with Brent crude opening above $60 per barrel on expectations an OPEC-led production cut ...
Oil rallies towards $60
Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put ...
Oil rises to $57
Oil prices rose on Thursday as signs Saudi Arabia and Russia would limit production through next year outweighed record U.S. ...
Kachikwu accuses presidential aides of blocking him to see Buhari, says ‘if Baru is not checked, he will destroy NNPC, oil industry’
Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has accused some presidential aides of blocking him to see ...
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