There was decrease in Oil prices on May 6 after US President Donald Trump threat to raise tariffs on Chinese goods this week, risking the derailment of trade talks between the world’s two biggest economies. Since March 29. US West Texas…
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South Sudan oil sector investment emerges:
A deal was make on an oil block in south Sudan by the south Africa as part of a $1 billion investment in the country emerging from civil war. Ezekiel Gatkuoth south Sudan oil minister says the south Africa countries…
US deny India of cheaper oil…..:Wilbur Ross
The United State says it will not or do not ensure a lower oil price rate to India, However it has sanctions against Iran and threatened sanctions on Asian buyers, including India of getting oil from the Persian Gulf nation.…
Saudi Aramco raises crude oil price in June Contracts:
The Saudi Aramco has increased crude oil prices to its customers in Asia and Europe for June, while US importers prices was reduced. The state-owned crude producer increased June price of Arab Light grade to Asia by $0.70 per barrel (pb),…
OIL BUYERS DEMAND FOR MORE CRUDE OIL FROM SAUDIS:
Asian refiners are demanding for more crude Saudi Arabia as buyers in the world’s top oil-consuming region face supply disruptions from Iran to Venezuela. Customers required additional cargoes for loading in June and July from OPEC’s biggest producer reporter said…
211 Nigerian oil blocks remain idle….
Out of 390 oil blocks in the country, 211 are yet to be allocated by the Federal Government, latest data obtained from the Department of Petroleum Resources have shown.Over 50 per cent of Nigeria’s oil and gas blocks remain untapped…