Oil

Oil prices rise on trade deal hopes, OPEC supply cuts

Oil prices rose on Monday, buoyed by output cuts by OPEC and reports that the…

Iran discovers oil in Abadan region- Minister

Iran has discovered oil in the country’s southwestern Abadan region for the first time, the…

Culture and tourism can earn more revenue than oil if…- Runsewe

Mr Otunba Runsewe, Director-General, National Council for Arts and Culture, has said that culture and…

Oil still above $80 as Asia shares rally

Asian share markets was black on Monday as the promise of more stimulus boosted Chinese…

U.S oil edges up after 3% drop on big stock build

Oil inched up on Thursday amid ongoing tensions over the death of a prominent Saudi…

Producers shut 19% of Gulf of Mexico oil as storm looms

Oil and gas producers have shut 19 per cent of oil production and 11 per…

Oil rises towards $90, Asia stocks slip as NAFTA lift fade

Asian stocks fell on Tuesday as the lift from an agreement that saved the North…

Navy detains 14 suspected oil, diesel smugglers in major operation

No fewer than 14 men have been arrested by the Nigerian Navy for smuggling adulterated…

Oil could rise to $100 by 2019, merchants warn

Commodity merchants, Trafigura and Mercuria, say oil prices could rise towards $100 per barrel towards…

Oil rises to $68.65 as stock market rebounds

Oil prices rose more than two per cent on Monday, supported by a rebound in…