Global fund managers hold back investment in exploration as U.S. shale oil flood market
Concerned by an imminent crash in oil price following uncontrolled pumping of crude into an already saturated global market, investors ...
Thursday, June 25, 2026
Tag: Oil & gas
FG’s refund of oil marketers’ N800bn to improve liquidity in Nigerian banks
Nigeria’s industrial base may be up for a return to operating at installed capacity through improved access to loan facilities ...
Budget expectation concerns remain in Nigeria as oil producers vulnerable to attacks
Oil analysts have expressed concerns that the recently signed 2017 budget projections may fall short of full implementation going by ...
Oil prices rise on impending impending Saudi cuts as natural gas begins week on high
Saudi Arabia’s announcement that it would cut its crude oil supplies to Asian buyers in July pushed prices up today. ...
Libya’s oil field reopens after strike
Libya's biggest oil field, Sharara closed down on Wednesday due to workers' protest has been reopened and expected to  resume normal production within three ...
Compliance concerns seen scuttling OPEC’s production cuts as Gulf row deepens
The continued rising tensions in the Gulf region might risk the Organisation of Petroleum Exporters’ (OPEC’s) oil production cuts agreement, ...
Oil prices heading for third week of losses as OPEC struggles to clear global surplus
Khalid A. al-Falih, the Saudi energy minister, talked to journalists before an OPEC meeting in Vienna on Thursday 25 May, ...
Nigeria’s refineries need $1.2bn for repairs- Minister
Nigeria's three refineries in Port Harcourt, Warri, and Kaduna require about 1.2 billion dollars to repair, bringing them up to 100 ...
Bullish sentiments persist as oil & gas, food, banking stocks extend gains at Nigerian bourse
The Nigerian equities market extended gains at the end of trade Thursday, June 8, 2017, with the bourse’s All Share ...
Oil prices trim losses despite concerns over rising output from Nigeria
Oil prices pared losses on Thursday, having hit one-month lows earlier in the day after unexpected surge in U.S. inventories ...
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