IMF’s Lagarde to Trump: No Winner in Trade War
The International Monetary Fund’s Managing Director Christine Lagarde has said that nobody wins in a trade war and that the macro-economic impact of U.S. tariffs on imports would be serious if other countries respond with tariffs...
US Set to topple Russia as world’s biggest oil producer
The United States will overtake Russia as the world’s biggest oil producer, if not this year, by 2019 at the latest, as it oil import dropped to its lowest level since 2001.
IEA Executive Director Fatih...
Oil prices dipped over concerns that OPEC producers would not be able to maintain their high compliance so far with output cuts aimed at reining in a global fuel supply overhang.
Brent crude was trading at $55.83 per barrel at 0800 GMT (3 a.m. ET),...
Recently, at a world economic forum, WEF event, US Secretary of State, John Kerry told his audience how Nigerian military generals shared amongst themselves 9 billion dollars that had been set aside for purchase of arms to prosecute the war against terrorism .
Not only...
Global oil benchmark, Brent crude, hit an eight-week high yesterday as the world’s biggest producers prepared to discuss a possible freeze in production levels.
Brent, against which half of the world’s oil is priced, rose by $0.84 to $50.69 per barrel as of 7:58pm Nigerian...
Crude oil customers from India, Indonesia and the United States are turning away from Nigerian oil over uncertainty about deliveries as attacks by militants have reduced Nigeria’s oil output.
Their reluctance is limiting the prices Nigeria can get for its oil even as there is...
