Brent crude oil futures boosted on Tuesday on fresh geopolitical risk over Russia and supply disruptions in Nigeria and Libya, while U.S. WTI crude were dragged down by forecasts for stronger domestic commercial crude stocks.
read more... 26/03/2014
Brent crude futures increased on Friday on North Sea and Nigerian production difficulties, on strong U.S. refined products that were elevated by Hurricane Sandy's threat to U.S. East Coast refining and supportive U.S. economic data. Brent December crude climbed by $1.06,or 0.98 percent, to settle at $109.55 a barrel, having traded from $107.40 to $109.65, dropping 59 cents, or 0.5 percent for the week.
read more... 29/10/2012
Royal Dutch Shell has reported 6 oil spills at its pipeline in Nigeria since the beginning of the month, blaming the act of sabotage, which caused a temporary production shortage.
read more... 26/08/2011
In the attemp to stabilize Nigeria’s power generation capacity, the Federal Government of Nigeria is set to sign a contract with the Russian Federation.
read more... 11/08/2011
Dragon LNG terminal is receiving its first Nigerian tanker after a long break caused by a force majeure at Royal Dutch gas feed plant Soku.
read more... 31/05/2010