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Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices fall as Russia touts easing OPEC+ output

Oil fell on Monday after Russia said an OPEC-led pact may consider easing output cuts next year, but prices held near recent three-month highs on hopes for a trade deal between the United States and China.

Oil falls as US rights bill fuels tensions with China

Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill backing protesters in Hong Kong, fueling tensions with China.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oman: OPEC, allies likely to extend oil supply curbs

Oman said on Monday that the Organisation of the Petroleum Exporting Countries (OPEC) and allied oil producers could extend a deal to limit crude supply but may not consider deepening cuts.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Oil benchmark lowered over expected crude glut – minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the federal government adopted a lower oil benchmark price of $57 per barrel for the 2020 budget as against the $60 per barrel in the 2019 budget because of the expected oil glut in 2020, as well as the need to cushion against unexpected price shock.

Oil edges higher on supply worries; eyes on trade talks

Oil prices rose on Tuesday, buoyed by overnight gains in industrial commodities, while unrest in oil-producing countries Iraq and Ecuador raised concerns of supply disruption, adding to support.
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Dozens detained as Kazakhs protest against former president, China

Police detained dozens of protesters in Kazakhstan Saturday for rallying against Chinese economic expansion and former strongman president Nursultan Nazarbayev, who is still a powerful force in the former Soviet nation.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Nigeria assures OPEC on crude oil production cut target

Minister of State for Petroleum Resources, Chief Timipre Sylva, says that Nigeria will cut down on its crude oil production to comply with the targets set by the Organisation of Petroleum Exporting Countries (OPEC).
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria must bring down the cost of production of its crude oil as the country is currently a laughing stock in the way it runs business in the oil and gas sector.

Nigeria to cut oil production by 100% in October

The Minister of State for Petroleum, Timipre Sylva, on Thursday said that Nigeria has agreed to cut oil production by 50% this month, by 100 percent in October this year.
Saudi's Prince Abdulaziz bin Salman Al Saud

Oil rises as Saudi signals OPEC cuts to continue under new minister

Oil rose on Monday on expectations that Saudi Arabia, the world’s largest oil exporter, will continue to support output cuts by OPEC and other producers to prop up prices under new Energy Minister, Abdulaziz bin Salman.
A young Zimbabwean boy does his homework under a candle light in Harare. (Jekesai Njikizana-AFP)

Night work: Power cuts add to Zimbabwe’s mounting woes

Zimbabwe's worsening electricity shortages mean power is often only available for a few hours in the middle of the night - forcing furniture maker Richard Benhura to start work at 23:00.
US crude oil

Oil prices drop amid demand worries, but US-Iran tensions help

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.

Oil prices drop amid demand worries

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East, Reuters reported.

Russia wants Opec to forge cooperation

Russian Energy Minister, Alexander Novak, said on Monday that international cooperation on crude production has helped stabilize oil markets and is more important now than ever, Reuters reported.

Lebanese president seeks US participation in domestic oil, gas projects

Lebanese President Michel Aoun on Monday called on the U.S. to take part in oil and gas exploration in Lebanon, the Presidency’s website reported.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices rise after OPEC agrees to keep output cuts

Oil price hit multi-week highs on Monday after OPEC indicated it was likely to maintain production cuts that had helped boost prices this year.
Two Saudi oil tankers were damaged in a “sabotage attack” off the United Arab Emirates coast, the official Saudi Press Agency reported on Monday, quoting the Saudi energy minister.

Two Saudi oil tanker damaged in UAE waters

Two Saudi oil tankers were damaged in a “sabotage attack” off the United Arab Emirates coast, the official Saudi Press Agency reported on Monday, quoting the Saudi energy minister.

Oil prices dip as US output at record high since 2017

Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.
Thousands of protesters demanding the departure of Algeria's ruling elite rallied in Algiers for a 10th Friday.

Algeria protesters keep up pressure after resignations, arrests

Algerian protesters vowed on Friday to keep up the pressure on the regime left behind by Abdelaziz Bouteflika, staging a tenth consecutive weekly mass rally after a string of people close to the toppled president were sacked or arrested over alleged graft.

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APC reports Zamfara Radio to NBC

The All Progressives Congress (APC) has called on the National Broadcasting Commission (NBC) to call the management of the State Radio and Television to order, over alleged provocative broadcasts against its members.
The Institute for Peace and Conflict Resolution (IPCR) has pledged to collaborate with the Nigerian Army Resource Centre (NARC) to find practical solutions to insecurity confronting the country.

Nigerian soldier kills four colleagues, self in Borno

A corporal of the Nigerian Army attached to Operation Lafiya Dole has opened fire on his colleagues, killing four personnel and injuring two others.
Mauricio Pochettino has calmed fears that Tottenham ace Dele Alli will not be fit enough for the Champions League final, after the midfielder was subbed at half-time during Sunday’s 2-2 draw against Everton.

Dele Alli charged by FA over coronavirus Snapchat video

Tottenham midfielder Dele Alli has been charged by the Football Association after posting a video on social media mocking the coronavirus outbreak.
Newly appointed Assistant coach and former Captain of the Super Eagles, Joseph Yobo, says he cannot wait to start in his new position.

Celestine Babayaro faults Joseph Yobo’s Super Eagles appointment

Celestine Babayaro has shared his thoughts on the appointment of Joseph Yobo as Nigeria’s senior national team assistant coach.
President of the Senate Ahmad Lawan on Tuesday tasked top security officials to beef up security measures at the National Assembly.

Senate president to lead delegation to burial of deceased Plateau lawmaker

President of the Senate, Ahmad Lawan, will lead a delegation of Senators to the funeral service of Late Senator Longjan Ignatius Dantong slated for March 2, 2020, in Plateau State.