Oil prices dropped on Thursday, extending losses into a second consecutive session, following a surprise build in U.S. crude inventories.
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Oil prices rise amid supply cuts – Daily TrustOil prices climbed on Tuesday, pushed up by supply cuts led by producer club, OPEC, and U.S. sanctions against Iran and Venezuela, although concerns about a potential recession kept markets from rising further. Brent crude oil futures were at 67.48 dollars per barrel at 0747 GMT, up 27 cents, or 0.4 per cent, from their …
Source: Daily Trust - 🏆 13. / 51 Read more »
FG committee to harmonise oil, gas revenue – Daily TrustThe Federal Government has set up a committee to harmonise oil and gas revenue and production data of government earnings from all sectors of the economy. Mr Tim Okon, Technical Adviser to the Minister of state for petroleum Resources Dr Ibe Kachikwu at the inaugural meeting of the committee in Abuja, on Tuesday said they …
Source: Daily Trust - 🏆 13. / 51 Read more »
Crude Oil Price Drops by 1% over Excess US Inventories - THISDAYLIVEEjiofor Alike with agency reports Oil prices sank about one per cent Wednesday after a United States government data showed that the country’s crude stocks unexpectedly rose last week as exports slowed due to a chemical spill at the country’s busiest energy port. While the global benchmark, Brent crude futures fell 51 cents, or 0.8 …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
$406.7m oil shipment suit against Shell: Court to resume trial June 6 - Vanguard News NigeriaA Federal High Court will on June 6 resume trial in a suit filed by the Federal Government against Shell Western Supply & Trading Ltd. over alleged 406.7 million dollars deprivation in crude oil shipment.
Source: vanguardngrnews - 🏆 5. / 75 Read more »