Tag: oil, opec, price
Oil price falls to $88 per barrel
..OPEC considers output cut Brent, the global benchmark for crude, appreciated in price on Monday. This is as the Organisation of Petroleum Exporting Countries and its...
Oil prices jump to $90
Oil prices firmed on Thursday, erasing earlier losses, on indications that OPEC+ might cut output, though a stronger dollar and weak economic outlook kept a lid...
Oil thieves:Military apprehends 17, dismantles illegal activities
In a renewed offensive against oil thieves in the Niger Delta region,Defence Headquarters says the troops of Operation Delta Safe have apprehended 17 oil...
How oil tycoon died after falling from hospital window
Russian businessman has died after falling out of a window at a Moscow hospital, reports have stated. COVID-19:WHO hints of more hospitalisations deaths during...
Russia invades Ukraine: Oil jumps above $100, stocks dive
Oil prices soared past $100 and safe havens rallied while equities tumbled Thursday after Russian President Vladimir Putin sent forces into Ukraine,...
Explosion of crude oil vessel in Delta:Reps asks petroleum industry to probe incident
The House of Representatives has urged the Ministry of Petroleum Resources to probe the cause of the recent oil vessel explosion in Delta. This followed the adoption of...
UBA’s Elumelu calls for national dialogue over stealing of crude
….Says his company loses 50,000 barrels daily The Chairman of Heirs Holdings, Tony Elumelu, has spoken of the need to evolve a national solution to theft in the...
Nigeria reduces oil price
……How Nigeria suffered 57,000 barrels per day sale deficit in its December loadings Nigeria, Africa’s biggest crude oil exporter, has pulled down it’s...
Oil prices near $80 on tight global supply
Oil prices rose early on Monday, extending Friday’s gains, with Brent nearing $80 and WTI Crude exceeding $75 per barrel as global oil and energy markets...
FG writes OPEC for increased oil production quota
The Federal Government has written to the Organisation of Petroleum Exporting Countries (OPEC), seeking an increment in the oil production quota. The country is...
