New sanctions on Iran: Oil rises to $57.01
Oil prices was up on Friday on news that U.S. President Donald Trump could be set to impose new sanctions ...
Tag: oil
Oil prices rise to $57 as Saudi Arabia discusses supply cuts
Oil prices rose on Thursday after Saudi Arabia started talks with customers about a reduction in crude sales to support ...
Oil hits 18-month highs of $58.37 as markets eye output cuts
Oil prices hit 18-month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between ...
U.S. oil firm accused of violating Nigerian Local Content Act
Some Nigerians working with an American oil and gas service firm, Weatherford International, have raised the alarm over gross abuse ...
NEC endorses new JV funding structure for oil industry, drops cash calls
The National Economic Council (NEC) on Thursday endorsed the approved proposal for the changing of the Joint Venture (JV) funding ...
World Bank raises 2017 crude oil forecast to $55 per barrel
The World Bank said on Thursday it had raised its crude oil price forecast for 2017 to $55 a barrel ...
Tax evasion: Bayelsa Govt threatens to seal oil firms
The Bayelsa State Government has threatened to seal sites and premises of oil companies and oil servicing companies that ...
Oil surges to eight-month high on supply disruptions following attacks in Niger Delta
Oil prices jumped to the highest level in eight months on Wednesday due to ongoing supply disruptions in Nigeria and ...
Kachikwu: Crude oil export drops below 1.3mbpd
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that Nigeria's current crude oil export volume is ...
Brent crude oil goes above $50
Brent crude prices held at about $50 a barrel on Friday as sign that the oil ...
Oil price down as OPEC fails to set output cap
Oil prices fell more than one per cent on Thursday as the Organisation of Petroleum Exporting Countries (OPEC) ended ...
Brent oil breaks above $50 for first time in seven months
Brent oil futures climbed above 50 dollars a barrel on Thursday for the first time in nearly seven months. This ...
Oil up near $50 on bets for large U.S. crude cut
Oil up near $50 on bets for large U.S. crude cut Oil prices were up more than one per cent ...
Foreign Direct Investments in oil, gas free zones hit $75bn
Foreign Direct Investments (FDIs) in Nigerian Oil and Gas Free Zones totaled $75 billion (N14.7 trillion), with a lion share ...
Oil eyes $50 per barrel as outages, global stocks rally
Oil rose to six-month high near $50 per barrel on Tuesday boosted by investors demand for riskier assets at the ...
Lagos now officially an oil-producing state
Lagos State Governor, Mr. Akinwunmi Ambode, on Monday declared that Lagos has officially joined the League of Oil Producing States ...
Oil hits 2016 high of $46.49, after U.S. crude draw report, gasoline rally
Crude oil prices hit 2016 highs on the back of a rally in the gasoline market and after an industry ...
Oil prices rise as Brent crude trades at $44.88
Oil prices rose on Friday, setting crude futures on course for solid weekly gains, as market sentiment turned more upbeat ...
Oil prices rise to $41.72 a barrel
Oil prices rose on Monday as the market digested news of a modest rise in U.S. drilling activity. Uncertainty lingered ...
Oil hits 2016 high, heads toward $43 per barrel
Oil rose above $42 a barrel on Friday, hitting its highest this year and extending a rally into a fourth ...
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