Crude oil on Wednesday traded above $85 a barrel and neared a four-year high, supported by…
Tag: oil
Navy arrests 14 suspected oil, diesel smugglers
No fewer than 14 men have been arrested by the Nigerian Navy for smuggling adulterated diesel…
Venezuela to increase China oil exports to one million bpd
Venezuela is to increase its oil exports to China to one million barrels per day, President…
Iran: Oil market too tight for U.S. zero exports target
Iran said on Friday the U.S. will find it difficult to cut Iran’s oil exports completely…
Oil dips over U.S.-China trade concerns
Crude oil prices on Monday fell on concerns the U.S.-China trade dispute will erode global economic…
Oil, gas sectors received highest credits from banks in Q2
The National Bureau of Statistics (NBS) says Oil and Gas and Manufacturing sectors got credit allocation…
Sanctions: Iran seeks solution to sell oil, transfer revenues
Iran’s vice president says the government was seeking solutions to sell oil and transfer its revenues…
Exxon foresees more oil from Guyana’s offshore block
Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana, to…
Brazil: Oil magnate jailed 30 years for corruption
Eike Batista, the former mining and oil magnate who was once Brazil’s richest man, was convicted…
Algeria trade deficit declines to $856m in Q1
Algeria’s trade deficit fell to $856 million in the first four months after $3.87 billion in…
The unexpected oil bliss and the misery of the rainy day
The years 2012, 2013 and 2014 were probably the best for the oil industry as crude…
Jonathan: local content has hit 32% in oil, gas industry
By The Nation The value addition and percentage spending retained in Nigeria’s upstream and downstream operations…