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Crude Oil News
Nigeria State Oil Company Denies Existence of $3.5bn Fuel Subsidy Fund
Fuel subsidies are contentious in Africa’s top crude oil producer, which imports most of its…
October 18th 2018
India Invites Bids for Strategic Oil Reserve
Strategic crude oil reserves, which are typically state-funded and meant to tackle emergency situations, allow…
October 18th 2018
Nigeria Pipeline Fire Fatalities Reach 200
NNPC’s network of over 5,000 km pipelines is often targeted by oil thieves who intercept…
October 17th 2018
Global Oil Majors Keen on India’s Strategic Crude Reserves
Such reserves will help India, the world’s third-largest oil importer, to manage supply risks.
October 17th 2018
Nigeria Shuts Key Southeast Oil Pipeline after Fire: NNPC
The spokesman said 16 people died in the inferno, although local media reported Monday that…
October 16th 2018
S. Korea’s Import Price Rebounds on Expensive Crude Oil
The export price index added 0.3 percent over the month to 88.02 in September, after…
October 16th 2018
Nigeria’s Fuel Subsidies Bill Set To Soar On Rising Oil Price
With oil prices now 10 per cent higher and climbing, that bill is set to…
October 15th 2018
Oil Demand is Cooling. Just Don’t Expect Prices to Follow
Oil demand growth forecasts have been trimmed for this year and next and will probably…
October 15th 2018
IMF Boss Urges Nigeria to Fix Ailing Refineries
Lagarde also said the Central Bank of Nigeria should sustain its tight monetary policy.
October 12th 2018
OPEC Says Oil Market Well Supplied, Wary of 2019 Surplus
Trump has demanded that OPEC cool prices by pumping more oil.
October 12th 2018
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