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Nigeria joins oil war, makes brutal price cuts

…Selling barrels at record discounts to Brent…Traders see lackluster buying, weak demand from refiners Nigeria opened a new front...

Shell to cut 2020 spending by $5 billion following oil price...

Royal Dutch Shell plans to reduce spending by $5 billion in 2020, and suspended its plan to buy back $25 billion worth...

Trump to declare a national emergency to speed virus response

President Donald Trump plans to declare a national emergency on Friday over the coronavirus outbreak, invoking the Stafford Act to open the...

Coronavirus Covid-19: Oil prices fall after US bans travel from Europe

Oil prices have edged down after President Donald Trump bans passenger travel from Europe to US due to coronavirus (Covid-19).

Budget woes for Nigeria as crude oil price plummets

There are strong indications that financial troubles await Nigeria as crude oil price fell to $46.31 per barrel, $11 below the 2020...

Russia feuds with OPEC countries as oil price freefall continues

Members of the Organisation of the Petroleum Exporting Countries (OPEC) have put a deal to other countries to further cut oil production...

CORONAVIRUS: Oil price drops below Nigeria’s 2020 budget benchmark

Nigeria’s budget estimate appears threatened as oil price drops $5 below the 2020 benchmark on global fears over the impact of the...

Coronavirus Covid-19: Oil prices rise as fears deepen

Oil prices have today increased due to short-covering and hopes for greater output cuts by oil-producing countries, despite continuing coronavirus fears.

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Nigeria joins oil war, makes brutal price cuts

…Selling barrels at record discounts to Brent…Traders see lackluster buying, weak demand from refiners Nigeria opened a new front...

Oil slips as OPEC-Texas agreement looks less likely

Oil dropped toward the lowest level since 2003 as prospects for a deal between OPEC and Texas to limit production appeared to...

Oxy nears truce with Icahn, adding new directors to its board

Activist investor Carl Icahn is nearing a truce with Occidental Petroleum Corp. that will see three new directors appointed to the oil...

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