Oil prices dipped on Monday amid concerns that an economic downturn may dent fuel consumption, but crude markets remain broadly supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela. Brent crude oil futures LCOc1 were at 67.03 dollars per barrel at 0231 GMT, down 13 cents, or 0.2 […]
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Oil rises on ongoing OPEC-led supply cuts, fall in U.S. rig count - Vanguard News NigeriaOil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity.
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Oil prices rise on ongoing OPEC-led supply cuts - Premium Times NigeriaCrude oil prices rose marginally on Monday, driven by comments from Saudi Arabian oil minister, Khalid al-Falih, that an end to the OPEC-led supply cuts
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NIMASA seeks amendment in crude oil trade terms - Vanguard News NigeriaThe Nigerian Maritime Administration and Safety Agency, NIMASA, said it is focused on ensuring that the nation’s crude oil trade terms is changed from the present Free on Board, FOB to Cost Insurance Freight, CIF.
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Crude Oil Theft: JTF Takes Over Six Suspects, Seven Boats From Navy - THISDAYLIVESylvester Idowu The Joint Task Force (JTF) codenamed Operation Delta Safe (OPDS) has taken over six suspected oil thieves and seven loaded Cotonou boats from the Nigerian Navy Ship (NNS Delta), Warri, for further investigation. During the handing over ceremony at the NNS Delta’s base in Warri, its Commander, Commodore Ibrahim Dewu disclosed that the …
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Oil Prices Continue With Upward Swing At $66.75Oil prices yesterday rose following healthy market demand and output cuts led by the Organization of Petroleum Exporting Countries (OPEC). A rally in broader financial markets also supported crude futures, although analysts still warned of risks to the global economy. The U.S. West Texas Intermediate (WTI) crude oil futures were at $56.97 per barrel up […]
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Breaking: Bonny light price rises to $67.48 per barrel - Vanguard News NigeriaTHE price of Bonny Light, Nigeria’s premium oil grade has risen from $66.00 to $67.48 per barrel, the highest in recent times, as the Organisation of Petroleum Exporting Countries, OPEC; continue to eliminate excess oil from the global market.
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Oil Prices Appreciate On Falling US Drilling ActivityOil prices inched up yesterday as Saudi oil minister, Khalid al-Falih, assured that an end to OPEC-led supply cuts was unlikely before June and a report of falling U.S. drilling activity. Despite this, markets were somewhat held back after U.S. employment data raised concerns that an economic slowdown in Asia and Europe was spilling into […]
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‘Eating olive oil once a week lowers risk of blood clots’ – Daily TrustA new study has found that drizzling olive oil on your food at least once a week lowers the risk of blood clots. Olive oil is an important part of Mediterranean diet which has long been known is associated with good heart health.ADVERTISEMENT Researchers at New York University School of Medicine studied the blood of …
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