PIB: Oil Firms To Pay Fine For Gas Flaring
Operators in the oil and gas sector involved in gas flaring will be expected to pay a yearly fine to the government for the offence, according to the Petroleum Industry Bill (PIB) before the National Assembly.
The...
Crude Oil Price Rises By 6% To $41
The international oil benchmark, Brent crude, surged by six per cent on Monday after doctors said the United States President Donald Trump could soon be discharged from the hospital where he was being treated for COVID-19.
The upturn...
Global Stocks Up On $2trn US Relief Package
A Wall Street rally powered global gains in stocks on Thursday despite a record number of new unemployment filings in the United States, as traders focused on the unanimous passage of a $2tn coronavirus relief bill in...
US, China trade dispute Crashes Crude Oil Price to $60
Crude oil price Monday headed for its biggest one-day drop to $60 per barrel in a month as a result of evidence of yet more growth in US crude supply, apart from US and China...
US, 2 Others crash oil prices
Oil prices fell on Friday as surging output by the world’s three largest producers, United States, Russia and Saudi Arabia, outweighed supply concerns from the start of U.S. sanctions next week against Iran’s petroleum exports.
Front-month Brent crude futures were...
Iran’s Supply Deficit Jacks up Oil Prices
Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force in just five weeks’ time.
U.S. President Donald Trump...
