ARTICLES RELATING TO OIL

Nigeria's economy in 'deep trouble'

2015-05-29 18:12

The new Nigerian president says his country is in "deep trouble" and needs careful management to overcome the impact of low oil prices, among others.

Oil market climbs before US energy report

2015-05-28 14:48

World oil prices have risen on expectations that the latest US stockpiles report will show a further dip in crude reserves as traders worry about a global oversupply.

Oil prices higher in Asian trade

2015-05-28 07:00

Oil prices have moved higher in Asia on expectations that the latest US stockpiles report will show a further dip in crude reserves.

Oil prices rebound in Asian trade

2015-05-27 07:27

Oil prices have rebounded in Asia on bargain-hunting following sharp falls triggered by a strong US dollar and worries over the global supply glut.

Deal reached to end crippling Nigeria fuel crisis

2015-05-25 19:58

An agreement has been reached to end a crippling fuel crisis in Nigeria that has left the country at a virtual standstill just days before a new government is installed.

Oil prices up in Asian trade

2015-05-25 07:09

Oil prices have risen on bargain-hunting in Asia after falling last week, but a supply glut and a resurgent dollar are likely to temper gains, say analysts.

Oil prices slip in Asian trade

2015-05-22 07:39

Oil prices fell in Asia, unwinding sharp gains in the previous session that was fuelled by hopes that a global supply glut could end soon.

Oil prices gain on upbeat US stockpiles data

2015-05-21 07:28

Oil prices have moved higher in Asia after a decline in US petroleum stockpiles and production boosted hopes of an easing in the global supply glut.

SacOil exits Nigeria JV on weaker oil prices

2015-05-20 11:15

SacOil Holdings has ended its joint venture with Nigeria's Nigdel United Oil Company and abandoned its oil licence as softer oil prices forced the firm to cut costs.

Oil prices mixed in Asian trade

2015-05-19 07:42

Oil prices have been mixed in Asia as a global glut and soft demand overshadowed the impact of geopolitical tensions in the crude-rich Middle East, analysts say.

 

Oil edges higher in Asian trade

2015-05-29 07:47

Oil prices have edged up following a mixed US report that showed a healthy decline in crude but a rise in oil output that could aggravate the global supply glut.

OPEC sees rivals boosting oil output

2015-05-28 08:30

The North American oil boom is proving resilient despite low oil prices, producer group OPEC says in its biggest and most detailed report this year.

Oil market rebounds slightly

2015-05-27 16:04

World oil prices have risen on bargain-hunting after sharp falls the previous day triggered by a strong US dollar and global supply glut concerns, say analysts.

Oil prices mixed in sluggish trading

2015-05-26 07:13

Oil prices have been mixed in subdued Asian trade as dealers searched for fresh cues following public holidays in the US and much of Europe.

Nigeria fuel shortages hit telecoms, banking, aviation

2015-05-25 19:50

Chronic fuel shortages in Nigeria has brought phone firms, banks and flights to a standstill, just four days before Muhammadu Buhari's inauguration as president of the country.

Oil falls back on profit-taking

2015-05-22 13:59

Global oil prices have fallen, unwinding recent sharp gains that were fuelled by hopes that a global supply glut could end soon, say dealers.

Oil prices gain on US stockpiles report

2015-05-21 13:45

Global oil prices have risen further as falling US crude stockpiles and production boosted hopes of an easing in the global supply glut, analysts say.

Oil prices rebound from steep dive

2015-05-20 15:17

Oil prices have rebounded from recent steep losses in the previous session, as traders awaited the latest snapshot of US crude inventories.

Oil prices rebound from steep dive

2015-05-20 07:45

Oil prices have rebounded in Asia following steep losses in the previous session, but analysts say gains were capped by a strong dollar and persistent supply concerns.

Oil to rebound further this year: OPEC official

2015-05-18 16:33

Oil prices could continue to rebound in the second half of 2015 following signs of growth in demand and a drop in high-cost production, says an OPEC official.

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