Tag: crude oil
Oil prices tumble further in Asia
Oil prices tumbled further in Asia Tuesday, with weak global demand and an oversupply dictating the trend for the commodity,…
Jonathan Tired, He Should Go Home —Egberongbe
The lawmaker representing Apapa constituency 2 at the Lagos State House of Assembly, Mufutau Egberongbe, is one of many Nigerians…
Crude oil prices down further
Oil prices tumbled again Monday, while most Asian stock markets also retreated after a sell-off in New York at the…
Crude Oil Crash: FG finds 13 alternative revenue to oil, says Aganga
The Federal Government has marked out 13 National Strategic Export Products meant to replace the petroleum products which prices have…
US stocks down as oil hits fresh multi-year low
United States stocks fell again Tuesday on another stormy day for global financial markets as oil prices plummeted to a…
Nigeria hit as oil trade near five-year low
Almost half of Nigeria’s cargoes due to be exported in January are still available, Reuters has reported, even as oil…
End Of National Cake
By Oyebanji Oluwagbenga Crude oil was discovered during the pre-independence era in Nigeria. Oil price first rose in 1973 from…
We forecasted crude oil price crash – Jonathan
President Goodluck Jonathan on Tuesday in Abuja said that the falling price of crude oil did not take his administration…
Oil prices slide to new five-year low
Global oil prices slid to new multi-year lows Monday after a top OPEC official suggested that speculation largely was driving…
Oil losses continue after OPEC maintains output
Oil extended losses in Asian trade Friday after the OPEC cartel refused to cut production despite a global glut that…
Oil extends losses ahead of key OPEC meeting
Oil prices retreated further in Asia Thursday on expectations the OPEC cartel will keep production at present levels despite pressure…
JTF uncovers depot, trucks for stolen crude
The Joint Task Force (JTF) in the Niger Delta, Operation Pulo Shield, said it had destroyed a depot for stolen…
Nigeria facing serious challenges amid oil price collapse
Nigeria has made pragmatic moves to curb spending to offset falling global oil prices, analysts said, but blamed corruption for…
Crude Oil Crash: PENGASSAN wants politicians to cut unnecessary spending
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has advised political office holders and politicians to prune…
Fresh concerns as oil prices down in Asian trade
Oil prices extended their losses in Asia Tuesday after Japan’s economy slumped into recession, while prospects for an OPEC output…