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US probes Chinese oil firm over ‘$100m bribe paid to Nigerians’

US authorities are investigating China Petroleum and Chemical Corporation known as Sinopec over an alleged $100 million bribe paid to some Nigerian officials. According to Bloomberg, the bribe was aimed at resolving

Prices fall as OPEC extend oil deal for fresh 9 months

The Organisation of Petroleum Exporting Countries (OPEC) says it has agreed to extend oil production cuts by nine months. The decision by the oil cartel however failed to impressed the

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