Oil prices rise on trade deal hopes as OPEC cuts supply vanguardngr.com vanguardnews
International Brent futures were at 65.25 dollars a barrel at 07:13 GMT, up 18 cents, or 0.3 per cent, from their last close.
Beijing has also pledged structural economic changes and elimination of retaliatory tariffs on U.S. goods, a source briefed on negotiations said on Sunday in Washington. Supply from OPEC fell to a four-year low in February, a Reuters’ survey found, as top exporter Saudi Arabia and its allies over-delivered on the group’s supply pact while Venezuelan output registered a further involuntary decline.
Oil prices have been further pushed up by U.S. sanctions against OPEC-members Iran and Venezuela, which Barclays bank estimates to have resulted in a reduction of around 2 million bpd in global crude supply.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil price rises as uncertainty over Nigeria elections, Venezuela tension mounts - Vanguard News NigeriaAS Nigeria’s stock market turn positive with significant capital gains ahead of official conclusion of the general elections, oil prices, yesterday shot up, apparently over uncertainty over the outcome of the election’s as well as the political tension in Venezuela. Also the pressure on oil price appears to be coming from a positive sentiment over United States–China talks.
Read more »
Oil prices rise on trade deal hopes, OPEC supply cuts -Oil prices rose on Monday, buoyed by output cuts by OPEC and reports that the United States and China are close to a deal to end a year-long tariff row.
Read more »
Allocate oil wells to states, Ekiti govt tells FG - Vanguard News NigeriaTHE Ekiti State government has called on the Federal Government to allocate oil wells to states of the federation to make them more buoyant and less dependent on the Federal Government for survival.
Read more »
Allocate oil wells to states, Ekiti govt tells FG - Vanguard News NigeriaTHE Ekiti State government, has called on the Federal Government to allocate oil wells to states of the federation to make them more buoyant and less dependent on the Federal Government for survival.
Read more »
Why Local Content matters in Nigeria’s oil and gas industry- Jeon - Vanguard News NigeriaShipbuilding has two faces like Janus, the Roman god. On the one hand, it is a high-tech, innovative business which demands the best. On the other hand, it requires hard work, and an intense level of human capital. By understanding this dual nature of shipbuilding, we were able to design a local content programme that delivered opportunities to Nigeria, whilst delivering cutting-edge technology.
Read more »
Mohammed Abacha heads to Appeal Court over Malabu Oil - Vanguard News NigeriaThe son of former Military Head of State, Mohammed Abacha, has dragged the Federal Government, Shell Petroleum Nigeria and others to the Appeal Court as the battle over Malabu Oil rages.
Read more »
Buhari’s re-election, good omen for Oil, Gas sector – Stakeholders - Vanguard News NigeriaStakeholders in the Nigerian oil and gas sector says the re-election of President Muhammadu Buhari is good omen for the oil and gas sector.
Read more »
Empty supertankers reveal truths about today's oil market - Vanguard News NigeriaThey are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.
Read more »
Oil Theft: 34 Pirate Ship attacks recorded in 2018 – Navy - Vanguard News NigeriaThe Nigerian Navy has said that it recorded about thirty-four (34) pirate ship attacks in 2018, stating that evasive maneuver from the legal regime have been the bane in the fight against oil theft prosecution.
Read more »