US, Nigeria Intensify Efforts To Fight Piracy, Others   The United States and Nigeria have stepped up efforts to curb illicit maritime activities including piracy in the Gulf of Guinea with the ongoing 2019 Obangame Express in Lagos. The International Maritime Bureau, in its global piracy report...

US Sanctions, OPEC Deal To Shift Oil Prices Higher — Analysts   Supply cuts by the Organisation of Petroleum Exporting Countries (OPEC) and United States (US)’ sanctions against Iran and Venezuela will push the oil market into undersupply and boost the cost of crude in coming...

US Cuts Imports Of Nigerian Crude By 43%   The United States cut its imports of Nigerian crude oil by 48.87 million barrels or 43 per cent in 2018, according to the latest data released by the Energy Information Administration. The US imports of Nigerian crude fell...

Oil Price Rebounds To $66 On US, China Deal ...IOCs drag FG to court over tax claims Crude oil prices rose yesterday, buoyed by reports that the United States and China are inching closer to a deal on a tariff row that has slowed global economic...

NNPC, Others Silent Over United States Court’s $6.59bn Gas Contract Fine   The Ministry of Petroleum Resources, the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC), are yet to take a position after a United States court gave a $6.59bn default decision...

China Resists Trump Tariffs, As Trade Surplus Soars China’s trade surplus with the United States ballooned to a record $34.1 billion in September, despite a raft of US tariffs, official data showed Friday, adding fuel to the fire of a worsening trade war. Relations between the...