Oil prices hit four-year lows Friday as employers cut the highest number of jobs in 34 years. The continuing decline in prices is so dramatic and so sudden that it is raising the prospect that gas prices could soon fall below $1 a gallon.....On Friday, light, sweet crude for January delivery settled...
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Posts Tagged ‘oil’
Friday Oil Price Settles at Just Around $40 – Return to $1 gas?
Oil futures hits $1000
Crude Oil Futures are quoted in dollars and cents per barrel.Read More:http://www.wtrg.com/daily/crudeoilprice.htmlAKPC_IDS += "5039,";...
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Energy, Oil and Gas
One thing that has actually indicated that the crisis in the Niger Delta is no longer a low level insurgence is the plan by Royal Dutch Shell, the parent Company of Shell Companies in Nigeria, to begin divesting from some of its offshore interests in the Country. Just last week, reports have it that...
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Nigeria loses ground in OPEC in face of unrest
PARIS (AFP)AKPC_IDS += "4958,";...
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Nigeria a legal trouble spot for oil service firms
HOUSTON, Aug 26 (Reuters) - Operating in oil-rich Nigeria has always been a challenge for energy-service companies, but new bribery probes by U.S. authorities are raising legal and financial risks that may force them to leave the country.Read More:http://www.reuters.com/article/governmentFilingsNews...
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Oil eases from 11-month high; eyes Nigeria, N.Sea
SINGAPORE (Reuters) - Brent crude oil eased on Tuesday after a seven-day rally lifted prices to their highest in 11 months, but losses were limited by fears of further violence in No. 8 exporter Nigeria and looming North Sea maintenance.
London Brent crude (LCOc1) currently seen as a better indicat...
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Army recaptures Nigerian oil base
Nigeria's army has recaptured an oil platform occupied by militants since Sunday after a gun battle, it says.Read More:http://news.bbc.co.uk/2/hi/africa/6225274.stmAKPC_IDS += "4835,";...
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Huge oilfield discovered in Ghana
UK firm Tullow Oil has announced the discovery of 600 million barrels of light oil offshore from Ghana.Read More:http://news.bbc.co.uk/2/hi/business/6764549.stmAKPC_IDS += "4828,";...
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Oil Workers May Commence Strike Thursday
All workers of the Nigerian National Petroleum Corporation (NNPC) and its affiliates have been directed to, come to work on Monday clad in red outfits as a way of expressing their angst over the sale of the Port Harcourt and Kaduna Refineries as well as the Stallion House in Lagos.Read More:http...
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