Oil & Gas

Reuters: Nigeria struggles to sell oil cargoes

Almost half of Nigeria's cargoes due to be exported in January are still available, Reuters…

Oil trades near five-year low in Asia

Oil prices traded near five-year lows in thin year-end trade Tuesday, as analysts predicted further…

Algeria urges OPEC cut oil output

The Organization of Petroleum Exporting Countries (OPEC) should cut oil output to push prices up,…

Libya appeals for Italy's help on burning oil tanks

Libya has called on Italy to send firefighters to prevent a fire spreading out of…

APC alleges cover-up as audit report on missing $20b delayed

The All Progressives Congress (APC) has accused the PDP-led Federal Government of trying to suppress…

US GDP growth jacks world oil prices

World oil prices rose Tuesday as strong US economic data sparked a round of buying…

Let oil price fall to $20, OPEC will not cut production: Saudi Arabia

OPEC will not cut oil production even if the price drops to $20 a barrel…

Gulf OPEC gambles on putting shale oil producers out of market

The determination of powerful Gulf OPEC members to stifle competition from new oil producers has…

'Santa Claus' hits oil market, Brent crude price rises

Global oil prices rebounded slightly today catching the mood around the world of Christmas celebration…

Oil prices extend gains in Asia

Oil prices rose in Asia on Monday, extending a sharp rebound at the end of…