There is a special day that has been set apart for Mothers by the United Nations and that itself is…
Browsing: Oil
Oil prices edged higher on Wednesday as investors awaited the latest US supply report for clues about demand in the world’s biggest crude consumer. The US benchmark, West Texas Intermediate for delivery in July, gained 63 cents to $103.29 a barrel.…
The energy-rich Gulf states agreed Wednesday to resolve hurdles obstructing implementation of a long-delayed customs union, particularly revenue sharing, Kuwait’s finance minister said. Leaders of the six-nation Gulf Cooperation Council have set January…
Global oil prices advanced on Tuesday on renewed Ukraine tensions after pro-Russian protesters seized government buildings in the eastern city of Donetsk. New York’s West Texas Intermediate (WTI) for delivery in May won 77 cents to $101.21 per barrel…
The Federal Government and the Republic of Namibia have proposed to construct a joint oil refinery to maximise cooperation in…
Oil prices diverged Monday as dealers digested news that Chinese manufacturing activity shrank in March to an eight-month low, stoking demand concerns in the world’s biggest energy consuming nation. In late afternoon deals, Brent North Sea crude for…
Global oil demand will rise faster than expected as the world economic outlook improves, the International Energy Agency said Friday, warning that the crisis in Ukraine can still drag down overall consumption. The latest demand estimate of 92.7 million…
The Attorney General of the Federation and Minister of Justice, Mohammed Bello Adoke, has said that the Nigerian National Petroleum…
Newly married Tiwa Savage has signed another multi-million naira endorsement deal months after being made a brand ambassador for MTN.…
Oil marketers, yesterday, warned of an impending scarcity of fuel in the country from Friday, as Major Oil Marketers Association…
Oil prices fell on Monday as China’s economic growth data fuelled concerns over energy demand in the world’s second largest economy, traders said. New York’s main contract, West Texas Intermediate (WTI) for delivery in February, dropped 67 cents to $…
One of the sons of billionaire businesswoman Folorunsho Alakija, Rotimi Alakija, is soon to wed the love of his life,…
Global oil prices rebounded with solid gains on Tuesday as a cold snap in the United States boosted demand for heating fuel, analysts said. New York’s main contract West Texas Intermediate for February delivery rose 73 cents to $94.16 a barrel. Brent…
Africa’s largest oil producer Nigeria on Tuesday exported its milestone 3,000th liquefied natural gas cargo since it began operations in 1999, Nigeria LNG Limited (NLNG) said. The cargo was exported from NLNG’s Bonny Island terminal in southern Rivers…
Libya’s navy has stopped two oil tankers from entering Al-Sedra port, the site of a months-long dispute between protesting guards and the government, its National Oil Corporation said Monday. “The Libyan naval forces on Sunday prevented… a Maltese…
A Saudi court has jailed five people for up to 30 years on charges including plotting to blow up an oil refinery on behalf of Al-Qaeda, state media reported Monday. The official SPA news agency gave no details of when the alleged plot against the refinery…
Juventus romped to a 3-0 win over nine-man Roma on Sunday to end the visitors’ unbeaten run in the league this season and extend their lead in Serie A to eight points. High-flying Roma came to Turin confident of taking at least a share of the spoils…
Former oil tycoon Mikhail Khodorkovsky, who was freed by Moscow last month after a decade in jail, vowed Sunday to fight for Russian political prisoners from his new base in Switzerland. “You can’t live with peace of mind when you know there are political…
Turkey’s embattled Prime Minister Recep Tayyip Erdogan said Sunday he would favour retrials for hundreds of military officers jailed for coup-plotting. In the latest sign of the turmoil that has gripped Turkish politics since the government was hit…
An Ikeja High Court on Tuesday struck out the application of an oil marketer, Oluwaseun Ogunbambo, seeking to quash the…