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Tag "crude oil"

Oil prices hit 2-month high, trades at $53

    Oil prices hit 2-month high, trades at $53

Oil prices hit a two-month high on Monday as a result of the tightening of US crude market and the threat of sanctions against OPEC-member, Venezuela. Brent crude futures traded

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Oil hits 7-week high as Nigeria agrees to cap output at 1.8mbd

    Oil hits 7-week high as Nigeria agrees to cap output at 1.8mbd

Brent crude prices jump by over $2 on Tuesday following Nigeria’s agreement with the Organsation of Petroleum Exporting Countries (OPEC) to cap output at 1.8 million barrels per day. Brent,

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We prefer spending to saving, says Adio

    We prefer spending to saving, says Adio

Waziri Adio, the executive secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), says Nigeria prefer spending crude oil money instead of saving. Speaking on Arise Television, Adio said Nigeria

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Global crude oil price drivers in 2017

    Global crude oil price drivers in 2017

Crude oil bulls just can’t get a break these days. Then again, neither can the bears. Just when the buy side gains ground, the sell side retakes it. Currently, the

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A case for China and Nigeria’s crude

  A case for China and Nigeria’s crude

BY MOHAMMED JAMU YUSUF Recently, the minister of state for petroleum, Ibe Kachikwu, signed a fresh oil deal with the

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NNPC says no room for corruption in DSDP bidding

  NNPC says no room for corruption in DSDP bidding

Maikanti Baru, group managing director (GMD) of the Nigeria National Petroleum‎ Corporation (NNPC‎), says the corporation will be transparent in

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Our target is to end militancy in 5 months, says Kachikwu

  Our target is to end militancy in 5 months, says Kachikwu

Ibe Kachikwu, minister of state for petroleum resources, says the target of the federal government is to end militancy in

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Vast quantities of crude oil ‘discovered’ in Borno

  Vast quantities of crude oil ‘discovered’ in Borno

Crude oil has been discovered in vast quantities in Borno state, according to Jamila Shua’ra, permanent secretary, ministry of petroleum

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Oil prices rise ahead of meeting of OPEC and non-OPEC producers

  Oil prices rise ahead of meeting of OPEC and non-OPEC producers

Oil prices extended gains on Friday on optimism that non-OPEC producers would agree to cut output following a cartel agreement

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We have lost trust in ‘almighty’ oil, says Lai

  We have lost trust in ‘almighty’ oil, says Lai

Lai Mohammed, minister of information, says the government is shifting focus to the creative industry because it no longer has

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