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Millions of barrels of crude stranded in the Atlantic

The NS Concept is a colossal red-and-yellow oil tanker with an international background almost as colorful as its paintwork. It sails under the flag of Liberia; was built in South Korea by Hyundai, and is owned and commercially managed by Russia’s Sovcomflot. However, of late it’s been  drifting in international waters, owing to US sanctions.
Continue reading Millions of barrels of crude stranded in the Atlantic at Vanguard News Nigeria. …

Brent Crude Oil Rises To $60 Per Barrel

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  Benchmark oil contract Brent North Sea crude climbed back to $60 per barrel on Wednesday, with OPEC cutting output and on easing concerns over weak demand growth. Around 0940 GMT, Brent crude for delivery in March stood above $60 for the first time in 3.5 weeks and was up 20 percent compared with two … Continue reading Brent Crude Oil Rises To $60 Per Barrel …

President Buhari’s remarks during audience with leadership of NUPENG

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REMARKS BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA, DURING HIS AUDIENCE WITH THE NATIONAL EXECUTIVE COUNCIL MEMBERS OF THE NATIONAL UNION OF PETROLEUM AND NATURAL GAS WORKERS, THURSDAY 13TH DECEMBER 2018
Continue reading President Buhari’s remarks during audience with leadership of NUPENG at Vanguard News Nigeria. …

Brent Oil Drops Under $70 For First Time Since April

  Brent crude oil sank Friday under $70 per barrel before a weekend meeting of major oil-producing nations in Abu Dhabi. In London morning deals, Brent North Sea crude for delivery in January fell as low as $69.69 per barrel, a slide of 96 cents on the day, on surging US energy stockpiles. It comes … Continue reading Brent Oil Drops Under $70 For First Time Since April
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