U.S. crude oil imports from Nigeria in July plunged to the lowest level in three years and are continuing to slip as Asian and European buyers increase purchases, trade flow data from Thomson Reuters and market intelligence firms Genscape and Kpler show. A narrowing spread between benchmark Brent and Oman crude futures, trading at less […]
US First Lady Melania Trump will travel to Africa later this year, although it is not clear where or when she plans on visiting the continent. She said in a statement. This will be my first time travelling to Africa and I am excited to educate myself on the issues facing children throughout the continent, […]
Google has rolled out a new feature available to everyone who can have sensitive emails destroy themselves as preset if Confidential Mode is enabled in Gmail. The updated feature, which Google announced earlier this year, has become available to all its Gmail users, including both web-based or mobile phone customers, according to the latest support […]
–Filling up the storage tanks will help Riyadh take full advantage when Donald Trump’s Iran sanctions The key OPEC oil producers seem to be finding it harder than expected to sell their output overseas. The probable resulting build-up in their stockpiles should at least help them offset the drop in Iranian supplies as U.S. sanctions […]
Integrated oil majors are relishing the oil price recovery, posting sharply higher earnings and healthier balance sheets after emerging leaner from the downturn. But they also face a dilemma on when and how to invest for future upstream growth. Brent crude averaged almost $75/b in the second quarter, nearly 50% higher than year-ago levels and […]
By Foster Obi The Management of the Nigerian Ports Authority has ordered the restoration of services to the four shipping Companies whose operations were suspended for their failure to comply with the directive of acquiring and operating holding bays for their containers. A statement signed by Isah Suwaid, Asst. Gen. Manager (C&SC) said however that […]
The report, launched by UNAids, says half of the people who are newly infected with the virus are not receiving the treatment they need to prolong their lives. Nearly 37 million people across the world are living with the virus that causes Aids. The syndrome kills about one million people each year. UNAids is warning […]
Oil prices slumped 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. Brent crude futures (LCOc1) fell $3.09 to $72.24 a barrel, a 4.1 percent loss, by 11:34 a.m. EDT (1534 GMT), while U.S. West Texas Intermediate (WTI) crude […]