Tag: oil

An oil rig: Oil has been both a blessing and a curse to different countries. By ...

Brent crude futures fell 0.8 per cent to $55.35 a barrel, after losing 10 cents on Wednesday.

Mr Ikpea’s resignation has further swelled the list of political appointees that have resigned ahead of the election.

A recent study says fuels refined illegally by vandals in Nigeria’s creeks may be 'cleaner' than those officially imported and ...

The allies agreed to scale back oil production cuts from August.

Oil climbed on Monday after major producers agreed to extend a deal on output cuts.

The delay is said to be as a result of a fresh disagreement between Russia and Saudi Arabia.

In 2018, 255.6 million barrels were lifted by NNPC, while companies lifted 445.5 million barrels.

The official says the country can produce up to 500,000 barrels per day in the long term, despite price decrease ...

In his speech, Mr Trump said the U.S. would impose more economic sanctions on Iran.

Prices gave up most of their early gains as oil production facilities remain unaffected by attacks.

The loss is equivalent to the current value of Nigeria's foreign reserves.

According to him, one area that needs adequate attention is agriculture, particularly fisheries and aquaculture.

U.S. crude inventories fell 1.7 million barrels in the week ended October 18, against analyst expectations of a 2.2 million ...

Iran’s foreign ministry had earlier denied any involvement in the attacks on Saudi oil facilities in an official letter to ...

“The scenario of our educational system is characterised by extensive infrastructural decay," an official says.

The incident happened on Friday at Otu-Jeremi community in Ughelli South Local Government Area of the state.

Congo has two billion barrels of proven oil reserves from about 20 fields being exploited.

Oil’s drop came despite a bigger-than-expected decline in U.S. inventories and a fall in OPEC production in July, typically bullish ...

15 production platforms and four rigs were evacuated in the north-central Gulf of Mexico, as oil firms moved workers to ...

The police also say the plots are politically motivated.

Concerns that an economic slowdown might soon impact fuel consumption are preventing crude prices from rising further, analysts said.

Optimism that the U.S. and China will soon end their bitter trade disputes has offered some support.