Brazil’s state oil company Petrobras on Thursday received some $200 million in recovered funds from the…
Tag: oil
Oil falls as rise in U.S. fuel stocks suggests easing demand
Oil fell on Wednesday after a surprise rise in U.S. inventories of refined products that suggested…
Oil edges higher, anticipating another drawdown in U.S. stocks
Oil edged higher on Tuesday, supported by strong demand, expectations of a drop in U.S. crude…
Oil falls after U.S. drilling picks up
Oil fell on Monday after U.S. shale drillers last week added more rigs but prices still…
OPEC agrees oil cut extension to end of 2018
OPEC agreed on Thursday to extend oil output cuts until the end of 2018 as it…
Oil falls on U.S. drilling but OPEC cuts support market
Oil prices fell on Monday, with U.S. crude easing from two-year highs on prospects of higher…
EFCC re-arraigns two for N7.3bn oil fraud
The Economic and Financial Crimes Commission (EFCC) Lagos zonal office, on Monday, November 20, 2017, re-arraigned…
US arrests two Chinese oil executives in Africa bribery scandal
By Jite Eriabie US authorities have arrested Hong Kong’s former home affairs secretary and the ex-foreign…
Judge absence stalls hearing of FG’s $406.8 million suit against 3 oil majors
The absence of Justice Mojisola Olatoregun of the Federal High Court, Lagos has stalled the resume hearing of a $406.8…
AGF to probe disbursement of revenue to oil communities
The Attorney General of the Federation, Abubakar Malami says the ministry would soon commence thorough investigation…
Depend less on oil, Osinbajo tells D8 countries
Vice President Yemi Osinbajo has tasked D8 countries to depend less on oil as it…
Ambode inaugurates committee to avert oil community crisis
The Governor of Lagos State, Akinwunmi Ambode, has inaugurated a 45-member Community Relations Committee in Badagry, to…