Tag: Oil

Oil prices rose by more than 1.5 per cent on Monday on hopes that talks in Beijing can resolve a trade war between the United States and China, while supply ...

US President Donald Trump thanked Saudi Arabia on Wednesday for lower oil prices — a day after pledging the US would remain a “steadfast partner” of the kingdom despite the ...

The United States’ monthly crude oil import from Nigeria has fallen below 3.0 million barrels for the first time in more than two years, dropping by 62%. The decline in ...

Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions, state news agency IRNA reported on Monday. The “informed source” in ...

Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the U.S. Benchmark Brent crude ...

The Petroleum and Natural Gas Senior Staff Association of Nigeria on Saturday insisted that its planned industrial action will commence on Monday. The group however, noted that it was ready ...

Addax Petroleum Development (Nigeria) Limited has said it is planning a fresh investment of $3bn to $5bn in Nigeria over the coming years. The company, in a statement on Sunday, ...

Barely 24 hours after oil workers under the aegis of the Independent Petroleum Marketers Association of Nigeria, Lagos State Chapter, suspended the plan to withdraw their services, the Petroleum and ...

More than two dozen Nigerian crude oil cargoes were left unsold on Monday amid a supply glut of light sweet crude in the market. Reuters reported that tenders to buy oil ...

Oil producers are expected to unanimously extend a production cut accord later this month but its duration is being discussed, the UAE energy minister said on Monday. “I think this ...