Tag: oil
Iraq to proceed with plans to increase oil, gas capacity
Iraq will proceed with plans to increase oil and gas production capacity, Oil Minister Thamer Ghadhban said, according to an…
Saudi to sign $50bn in oil, gas, infrastructure deals
Saudi Arabia plans to sign deals worth more than $50 billion in the oil, gas, industries and infrastructure sectors at…
U.S. oil edges up after 3% drop
Oil inched up on Thursday amid ongoing tensions over the death of a prominent Saudi journalist, with prices steadying after…
Oil market well supplied – OPEC
OPEC sees the oil market as well supplied and is wary of revisiting a glut next year, the group’s secretary-general…
Navy detains 14 suspected oil, diesel smugglers in major operation
No fewer than 14 men have been arrested by the Nigerian Navy for smuggling adulterated diesel and ‘black oil’ to…
World oil demand to peak at 104.4 million bpd in 2035 – Unipec
World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below the…
Oil rises, Asian stocks cheer, trade war weighs
Stocks across Asia advanced on Monday as China’s efforts to stop sharp declines in its currency and capital flight supported…
Asian stocks up, oil rises
Asian stocks edged higher on Thursday, taking comfort from gains on Wall Street as Brent sweet crude rose to approximately…
Diversification: Creative industry will boost our economy – Lai Mohammed
The Minister of Information and Culture, Alhaji Lai Mohammed, has said that the nation has gradually begun diversifying its economy…
Oil hits highest levels since 2015
Oil prices hit their highest levels early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power…
Oil rises to $58
Oil prices rose on Friday as investors bet that efforts to cut a global glut are working and that the…
FG urged to unlock oil, gas potential
Mr James Okereke, General Manager, Downstream Gas, Chevron Nigeria/Mid-Africa, has urged the Federal Government to unlock the oil and gas…
Will Nigeria Survive The Death Of Big Oil?
For the second time in seven months, OPEC and its non-member collaborators agreed last month, to continue to “do everything…
OPEC figures show oil output cuts exceed pledge in March
OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the exporter…
Community leaders will be held liable for attacks on oil, gas facilities – JTF
The Joint Taskforce (JTF), Operation Pulo Shield (OPS) has warned that community leaders would henceforth be held responsible for any…