Nigerian crude takes new hit as buyers turn to cheaper Russian grade

[ad_1] Nigerian crude grades are failing to attract buyers from Europe, China and India as traders, to cut cost, shift to a blend of WTI (the main oil benchmark for…

Saudi Arabia’s ‘prickly prince’ of oil bristles as crude price slides

[ad_1] Prince Abdulaziz bin Salman spent almost two decades as a relatively low-profile member of Saudi Arabia’s Opec delegation. But since becoming the first royal to serve as the kingdom’s…

Agrico Qatar seeks crude palm oil supply from Malaysia, says PM

[ad_1] KUALA LUMPUR: Agrico Agriculture Development W.L.L. (Agrico Qatar), an organic agriculture company based in Qatar, intends to obtain a supply of crude palm oil for its palm oil refinery…

Nigeria wobbles to regain Africa’s top crude oil producer spot | The Guardian Nigeria News – Nigeria and World News

[ad_1] 19 Feb A retired Deputy Director of the now-defunct Department of Petroleum Resources, Sunday Adebayo Babalola, has said that Nigeria can surpass its quota from the Organisation of Petroleum…

OPEC, U.S. oil firms expect subdued shale rebound even as crude prices rise

[ad_1] LONDON/HOUSTON, Feb 22 (Reuters) – OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices,…

Ghana crude oil production declines for third consecutive year – Ghana Business News

[ad_1] Ghana crude oil production declines for third consecutive year – Ghana Business News Home Lead Story Ghana…

Closing Prices for Crude Oil, Gold and Other Commodities

[ad_1] Benchmark U.S. crude oil for May delivery fell $1.87 to $77.29 a barrel Thursday. Brent crude for June delivery fell $2.02 to $81.10 a barrel. Wholesale gasoline for May…

Exxon declares force majeure on crude liftings in Nigeria

[ad_1] HOUSTON, April 17 (Reuters) – (This April 17 story has been corrected to reflect that divestiture had not been concluded in paragraph 3) Exxon Mobil Corp. (XOM.N) in Nigeria…

Business News | Nigeria Probes Sale of Stolen 48 Mn Barrels of Crude Oil to China | LatestLY

[ad_1] Abuja [Nigeria], April 14 (ANI): Nigeria’s Speaker of the House of Representatives Femi Gbajabiamila on Friday said illegal deals with China cost Nigeria USD 2.4-billion revenue loss from the…