Tag archive for ‘oil’
Oil prices
By metro On Tuesday, December 5th, 2017
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Oil holds losses below $58

Oil held losses below $58 a barrel before US government data forecast to show crude stockpiles decreased for a third week. Futures were little changed in New York after dropping 1.5% on Monday, the most in three More...

By metro On Tuesday, November 28th, 2017
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Oil falls on doubts over OPEC, pipeline restart

OPEC Oil prices fell on Tuesday on uncertainty over the outcome of a key OPEC meeting this week due to decide on production policy for the next year. Brent crude oil LCOc1 fell 58 cents on the day to $63.26 a barrel More...

Oil prices
By metro On Thursday, November 16th, 2017
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Oil steady as expected output pact extension offsets U.S. supply

Oil prices steadied on Thursday as traders looked ahead to the OPEC meeting at the end of this month, when producers are expected to extend output cuts, sheltering prices from the impact of rising U.S. crude production More...

ExxonMobil
By metro On Friday, October 27th, 2017
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Exxon Mobil’s profit jumps 50 percent on higher oil, natgas prices

ExxonMobil Exxon Mobil Corp, the world’s largest publicly-traded oil producer, said on Friday its quarterly profit jumped 50 percent on higher crude and natural gas prices. The company posted net income of $3.97 More...

Oil prices
By metro On Monday, September 18th, 2017
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Oil rises to approximately $56

Oil markets were firm on Monday and remained near multi-month highs reached late last week as the number of U.S. rigs drilling for new production fell and refineries continued to start up after getting knocked out More...

Oil prices
By metro On Monday, September 11th, 2017
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Global Market- Oil rises to $56

The U.S. dollar won a reprieve from risk aversion on Monday after North Korean Kim Jong Un held a party over the weekend rather than launch another missile, tempering safe havens such as the yen and Treasuries. In More...

Ibe Kachikwu
By metro On Thursday, August 24th, 2017
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Nigeria’s oil output in July slightly below 1.8m bpd -minister

Nigeria’s oil production, excluding condensates, was slightly below 1.8 million barrels per day in July, the country’s oil minister said on Thursday. Emmanuel Ibe Kachikwu, speaking on the sidelines More...

Oil prices
By metro On Tuesday, August 1st, 2017
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BP sees oil prices below $55 a barrel in 2018

BP expects global oil prices to hold within a range of $45-$55 a barrel next year as U.S. shale production grows, the British company’s chief financial officer said on Tuesday. Brian Gilvary told Reuters in London More...

Ibe Kachikwu
By metro On Thursday, July 27th, 2017
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Oil exploration in Chad Basin continues with adequate security—Kachikwu

Ibe Kachikwu The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says resumption of crude oil prospecting in the Chad Basin will continue, given the provision of adequate security to oil workers involved More...

oil pipelines
By metro On Friday, July 14th, 2017
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Oil Set for Weekly Gain as Nigeria Halt Eases Oversupply Concern

Oil headed for a weekly gain after a pipeline shutdown in Nigeria eased, but did not dispel, concerns about rising OPEC output. Futures were little changed in New York, heading for a weekly increase of 4.3 percent. Royal More...