Oil Drops To $43 As US Crude Inventories Rise     Oil prices fell on Wednesday as the United States government data showed a surprise rise in the country’s crude inventories, and as tensions escalated between the US and China. The international oil benchmark, Brent crude, fell 55...

US Agency To Double Commitment In Nigeria By $530m   The United States (U.S.) Development Finance Corporation (DFC), has reaffirmed plans to double its commitment in Nigeria with about $530 million. The Corporation, which said it is currently on the active commitment of $530 million, said it...

US Import Of Nigerian Oil Drops By 63%     The United States’ import of Nigeria crude oil plunged by 63.03 per cent in the first quarter of this year, compared to the last quarter of 2019. Latest data from the US Energy Information Administration showed that the...

US Oil Slips Below $15 Per Barrel   US oil prices fell heavily on Monday and slipped below $15 a barrel on renewed storage concerns as the coronavirus throttles demand, even as producers start slashing output to boost markets. American benchmark West Texas Intermediate dropped 15 percent...

Iraqi Oil Facilities Secure, Production Continuing – OPEC   Iraqi oil facilities are secured and the country’s production is continuing, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo said on Wednesday. “It’s a big relief that the facilities continue to be secured...

US Oil Imports From Nigeria, Other OPEC Members Hit 35-year Low   The United States’ imports of crude oil from Nigeria and other members of the Organisation of Petroleum Exporting Countries fell below 1.2 million barrels per day, the lowest since February 1985, according to the...