Oil & Gas

Crude Oil gets a respite in Asia

Oil prices rose in Asian trade Tuesday, buoyed by strong industrial production data from China,…

Oil prices rally, then dip again

Oil prices fell on Monday after a brief rebound, with the market weighed down by…

Schlumberger surprises with record profit

Schlumberger, the world leader in servicing oil industry installations, surprised the markets today with a…

Oil prices in minor rally in Asia

Oil prices extended a minor rally on bargain-buying Friday, a day after the US benchmark…

Nigerian protesters shut down Total/EMP facility

Okafor Ofiebor/Port Harcourt Chiefs,youths and women of Umuebe in Ama community of Ogba/Egbema/Ndoni local government…

Oil prices continue to tumble in Asia

Oil prices resumed their downward spiral in Asian trade Thursday following another massive sell-off in…

Kuwait triples diesel, kerosene prices

Oil-rich Kuwait tripled the prices of diesel and kerosene on Wednesday, ending decades of heavy…

Nigeria faces cash crisis with oil prices falling

Oil prices reached new multi-year low points on Wednesday owing to a supply glut and…

Why America does not need Nigerian oil anymore

*Country's shale oil production rattles crude oil market Propelled by surging shale output, the United…

Energy agency cuts oil demand forecast

Falling oil prices could soon be matched by a slowing of supplies, the IEA warned…