Oil & Gas

Oil prices tumble as OPEC dithers on output cut

Oil prices tumbled Tuesday, with the US benchmark down 2.

Brent crude price down, WTI up as OPEC output cut dims

Oil prices were mixed in Asia Tuesday as dealers bet that the OPEC cartel is…

Ghana signs $6bn oil deal with Italy's ENI

Ghana on Monday accepted a bid from Italian oil major Eni to develop its offshore…

Brent Crude above $80 ahead of key OPEC meeting

Oil prices were mixed in Asia Monday ahead of a crucial meeting of the OPEC…

Depot for stolen crude uncovered, 2 loaded trucks set ablaze

The Joint Task Force (JTF) in the Niger Delta, Operation Pulo Shield, said it had…

Nigeria slashes subsidy by 50%, petrol pump price to go up

Nigeria plans to cut subsidies on petroleum products by half next year after sharp falls…

Brent Crude price inching back to $80

Oil prices rose in Asia Friday on fresh hopes that the OPEC cartel will overcome…

Venezuela offers to cut oil output along with OPEC

Venezuela is ready to cut its own oil production as a way to boost falling…

Shell sells stake in Nigeria's oil field for $600 million

Royal Dutch Shell said on Thursday it had completed the sale of its 30 percent…

America sees boon in cheap petrol

US Federal Reserve policymakers saw a potential threat to US growth from the global slowdown…