Oil & Gas

Weak global economy cause of oil 'tensions': Saudi crown prince

A weak global economy is the main reason for "tensions" in world oil markets, Saudi…

Gulf stock markets in a meltdown over oil prices collapse

Stock markets in the energy-rich Gulf states nosedived on Tuesday as oil prices slumped and…

Exclusive: Nigerians now pay more for petrol, diesel than Americans

Bayo Onanuga Nigerians are now paying more money than Americans in real terms for petrol…

Asia gives oil prices a little bounce, but for short while

US oil prices recovered slightly in Asia Tuesday after the US contract fell below the…

Oil market collapses under $50

Global oil prices on Monday collapsed under $50 for the first time in more than…

Oil prices $10 less than Nigeria's benchmark, the bears return in Asia

Nigeria will need to review its budget estimate yet again for this year, as oil…

Venezuela seeks China's financial aid, Maduro begins visit

President Nicolas Maduro of the oil producing Venezuela, begins a trip to China and OPEC…

Oil prices gain some cents in New Year trading

SINGAPORE, January 2, 2015 (AFP) - Oil prices rose Friday in thin Asian trading during…

Indonesia scraps fuel subsidy from 1 January

Indonesia's government will scrap its gasoline subsidy from January 1 to free up more funds…