Forte Oil reports N61.8 billion revenue in first half 2018
Forte Oil has announced a revenue of N61.8 billion for the half year ended June 30, 2018. Mr Akin Akinfemiwa, the company’s Chief Executive, said the revenue represented a growth…
Oil futures rise on market’s long-term bearish focus
Brent oil futures rose on Friday as the market focused on bearish longer-term factors after gains in the previous session. The gains were driven by U.S. crude inventories in a…
Oil prices fall on Trump’s tweet
Oil prices fell on Thursday after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude. The escalating trade row between Washington and Beijing, which…
Oil price hits $80 dollar, highest since November 2014
May 17, 2018 Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S….
Oil prices jump after U.S. abandons Iran deal, plans ‘highest level’ sanctions
May 9, 2018 Oil prices rose more than two per cent on Wednesday, with Brent hitting a 3-1/2-year high, after U.S. President Donald Trump abandoned a nuclear deal with Iran…
Oil steady as U.S. drilling tempers bullish sentiment
April 23, 2018 Oil prices were steady on Monday as a rising U.S. rig count pointed to further increases in American output. Brent crude oil futures were at 74.07 dollars…
Oil at fresh approximately $75 dollars highs on Saudi seeking price hike
April 19, 2018 Oil prices rose on Thursday to their highest since late 2014 as U.S. crude inventories declined after sources told the Media top exporter Saudi Arabia is seeking…
Oil price rises to approximately $72 amid worries of disruption
April 17, 2018 Oil prices rose on Tuesday amid worries that there could be a high risk of disruptions to supply, especially in the Middle East. Brent crude oil futures…
Oil rises as OPEC compliance eclipses boom in US output
February 1, 2018 Oil prices rose on Thursday after a survey showed OPEC’s commitment to its supply cuts remains in place. Brent April crude futures were up 53 cents on…