Tag: Oil
Saudi Arabia May Raise June Crude Prices To Asia
Top oil exporter Saudi Arabia is expected to raise June prices for all crude grades it sells to Asia to track stronger Middle East...
Russia Bans Oil Export To Ukraine
Russian Prime Minister, Dmitry Medvedev, on Thursday said Russia has banned exports of oil and petroleum products to Ukraine, as well as certain Ukrainian...
Oil Prices Slip To $71.43
Oil markets fell on Thursday despite a surprise decline in U.S. inventories, but the price drops were tempered by a smaller-than-expected reduction in gasoline...
Iran orders 60,000 to evacuate flood-hit oil city |
Iranians gather to collect food from a Red Crescent helicopter in the city of Susangerd in Iran’s Khuzestan province on April 9, 2019. –...
Oil Hits Five-Month High Above $71 On Libyan Supply Threat
Oil hit a five-month high above 71 dollars a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply already...
Niger Delta youths laud JTF’s strategies in combating oil theft |
An oil field in the Niger Delta Photo: Getty Image<br />Youths in the Niger Delta have commended the Joint Task Force (JTF) for the...
Nigeria makes first crude oil sale to United States in six...
Oil barrel. Photo/PixabayA cargo of Nigeria’s distillate-rich Bonga crude is due to move to the United States (U.S.) from the May loading programme,...
Trump presses OPEC to boost output to cool oil prices |
An OPEC branded flag sits on a table ahead of the 169th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria. PHOTO: Akos...
Minister allays fears over 2019 budget oil price benchmark |
The Minister of Budget and National Planning, Senator Udoma Udo-UdomaThe Minister of Budget and National Planning, Sen. Udoma Udo Udoma, on Wednesday in...
CBN offers friendly credit to revamp oil palm farming |
Central Bank of Nigeria’s (CBN) governor Godwin Emefiele
The Central Bank of Nigeria (CBN) has announced a single digit lending rate to fast-track the resuscitation...
Nigeria, Sao Tome move to exploit 500m barrels of oil |
Oil barrel. Photo/PixabayA new production sharing contract (PSC) yesterday entered into by Nigeria, Sao Tome and Principe Joint Development Authority (JDA) and Total...
Oil sector’s ranking to boost FDIs, GDP, says NEITI |
• NNPC harps on respect for procurement lawThe Nigeria Extractive Industries Transparency Initiative (NEITI) has said the satisfactory validation by the international board of...
