• Oil prices fall on weak global economic data

    Oil prices fall on weak global economic data0

    Oil prices fell on Wednesday on weak global economic data and a rise in the US crude inventories, almost erasing the previous session’s strong gains which followed the United States’ move to delay tariffs on some Chinese products Brent crude was down $1.81, or three per cent, at $59.49 a barrel at 1323 GMT, after

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  • Buhari spends N851.4bn on Joint Venture oil assets in 5 months

    Buhari spends N851.4bn on Joint Venture oil assets in 5 months0

    The Federal Government, through the Nigerian National Petroleum Corporation, spent a total of N851.38bn ($2.79bn) on joint venture oil and gas assets in the first five months of 2019. The government has said it will reduce its stakes in the JV assets to 40 per cent this year but no time frame has been announced.

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  • Oil Prices Drop As Traders Wait For G20, OPEC Meetings

    Oil Prices Drop As Traders Wait For G20, OPEC Meetings0

    Oil prices fell on Thursday to erase some of the previous session’s strong gains, as traders wait for the G20 summit in Japan and for a meeting of OPEC and other crude producers to decide on an extension of output cuts. Brent crude futures were down 42 cents, or 0.6 per cent, at 66.07 dollars

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