Tag archive for ‘oil’
oil pipelines
By metro On Friday, July 14th, 2017

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...

By metro On Monday, July 10th, 2017

Peace at risk in Nigeria’s oil heartlands as locals’ patience wears thin

The Nigerian government’s efforts to secure peace in the oil heartlands of the Niger Delta are empty promises, community leaders say, threatening a return to violence that would derail any broader recovery More...

By metro On Wednesday, July 5th, 2017

Nigerian oil output recovery adds to surplus

Nigerian crude for August loading is proving slow to find buyers amid rising supply, oil trading sources said on Wednesday, a sign that an expected second-half rebalancing of the global market is getting off to More...

By metro On Thursday, June 29th, 2017

Goldman Sees Oil Staying Lower Without Deeper OPEC Cuts

OPEC OPEC may need to make deeper supply cuts to rebalance the oil market as booming production from Libya and Nigeria threatens to undercut the group’s efforts, according to analysts at Goldman Sachs Group More...

By metro On Tuesday, January 3rd, 2017

Economist list factors that will pull Nigeria out of recession in 2017

Nigeria is set to get out of its current economic recession in 2017 on the back of higher crude oil prices and increase in production.   This would mean a slow-down in job losses, lower inflation rate, increase More...