Tag: Oil
Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in U.S. crude inventories, a cut in Libyan exports and an OPEC-led deal to trim output. The American ...
OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursday as the group gathered in Vienna for a meeting aimed at supporting battered ...
A financial expert, Mr Tony Edeh has urged the Federal Government to resolve issues with oil marketers to ensure availability of fuel during the Yuletide. Edeh, the Managing Director of Norrenberger Financial Group, gave the ...
The Lagos Chamber of Commerce and Industry (LCCI) has warned that the declining global oil prices pose a risk to stability in the foreign exchange market and may threaten the ongoing negotiation on the new ...
Oil slipped to about 60 dollars a barrel on Wednesday, pressured by rising U.S. inventories and doubts over whether an OPEC-led output cut will be agreed next week. U.S. crude stockpiles rose last week, the ...
Saudi Arabia and Nigeria government have met to strategise ahead of the Organisation of Petroleum Exporting Countries (OPEC) meeting in Vienna, in December. Dr Ibe Kachikwu, Minister of State for Petroleum Resources, disclosed this while ...
South Africa will invest 1 billion dollars in South Sudan’s oil sector, including in the construction of a refinery capable of producing 60,000 barrels of oil per day. Jeff Radebe, the South African Minister of ...
U.S. President Donald Trump has ‘apologised’ to Americans for allegedly causing traffic jams in the country following the crash in the global oil prices. Trump, in a series of tweets, also alleged “a lot of ...
The Debt Management Office (DMO), says with the approval of the National Assembly, it has accelerated implementation of the Promissory Note Programme and Bond Issuance to settle oil marketers’ arrears. The DMO made this known ...
Russia is planning to sign a partnership agreement with the Organisation of the Petroleum Exporting Countries (OPEC), Energy Minister Alexander Novak said on Monday. Novak said the deal would be discussed at the OPEC Dec. ...
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